Legal notice issued to Balaji Motion Pictures for OUATIM
It’s been three months since Once Upon A Time In Mumbaai had it’s release and did good business but the fire hasn’t died down yet. While Ekta Kapoor is looking at future projects, she is embroiled in a controversy involving her previous film.
It is said that a company called Movie Tee Vee Enterprises is taking Balaji Motion Pictures to court for using the remixed version of the song ‘Duniya Mein Logon Ko’ in Once Upon A Time In Mumbaai. The original song is from the Rajesh Khanna and Mumtaz starrer film Apna Desh (1972).
Balaji claims that they have taken the rights of the said song from Sa Re Ga Ma for remaking it; while on the other hand, Movie Tee Vee Enterprises claims that Sa Re Ga Ma cannot rightfully give the rights for a remix of the song, as they own the negative rights. Currently, Balaji’s legal department is looking into the issue.
Aamir in ‘Dhoom 3′?
Has Aditya Chopra roped in Aamir Khan for the third installment of DHOOM? Believe me, everyone’s keen to know the answer to this question. What makes it interesting is that Aamir has been approached for the villain’s role in DHOOM 3 and if one looks back, the negative character in the DHOOM series has always had the meatiest part. Recall John Abraham in DHOOM and Hrithik Roshan in DHOOM 2.
Another reason why an announcement like this would hit headlines instantly is because Aamir and Yash Raj have not worked again after FANAA and if DHOOM 3 happens, it would be, without doubt, the most awaited project to look forward to, since Aamir, Yash Raj and the super-successful brand [DHOOM] happens once in a lifetime.
Of course, Aamir is non-committal about it. He is neither confirming the development, nor denying it. But knowing Aamir he wouldn’t comment on it till everything is worked out to the minutest detail and perhaps, DHOOM 3 is still in the planning stages right now. Even the spokesperson from Yash Raj tells me that the scripting is not in place as of now, so the question of casting just doesn’t arise.
Bears come to rule KSE
KARACHI: Acute bearish trend is being witnessed at Karachi Stock Exchange (KSE) at the very outset of trade week today, as the benchmark 100-index tumbled below 10,000-point level, Geo News reported Monday.
The market opened into positive territory; but, the rumors in the winds, relating delay in financing system, pushed the investors to sell their shares, pressing the index to shed over 350 points to below 10,000-point level.
According to analysts, the today’s market slump has been spurred by the delay of new financing product and falling far short of GDP growth targets.
It was further said the market’s future is hinged on the foreign investment and if they opted to sell shares in the market, then this negative trail could persist for several coming days.
Education, health, food to be exempted from VAT: Dr. Hafeez
ISLAMABAD: Maintaining the economic stabilization achieved by the government and sustainable economic development would be on the top of government priorities while preparing the Federal Budget 2010-11 for the socio-economic prosperity of the country.
This was stated by the Advisor to Prime Minister on Finance and Revenues, Dr. Dr.Abdul Hafeez Shaikh while addressing the Pre-budget seminar 2010-11 organized by Islamabad Chamber of Commerce and Industry here on Monday.
Speaking to the business community, Dr.Shaikh said that to reduce the fiscal deficit, government would reduce the non-developmental expenditures of the government and reduce the inflation from double digit to single digit.
He added that the vulnerable segments of the society would be brought into economic mainstream by providing them the targeted subsidies in budget 2010-11 to poor segment of society and diverting the resources from privileged class to poor segment of the society.
Dr Hafeez said that to fulfill the financial requirements and to bridge the fiscal gape by own resources it was essential to increase the existing tax to GDP ratio which currently stood at only 9 percent.
Highlighting the importance of the Value Added Tax (VAT), he explained that VAT is not a new tax adding that it was only substitute of General Sales Tax which would help generate additional revenues of about Rs. 50-60 billion during the first year of its implementation adding that VAT would also help documentation of national economy.
He informed that education, health and food items would be exempted from VAT. The Advisor said that government would welcome the positive proposals and suggestions from the business community about the tax administration reforms and other reforms to enhance the tax revenues as well as to facilitate the tax payers.
He said that government would never over-burden the taxpayers who are already paying their taxes with full honesty adding that the people who are not paying the tax would be brought under the tax net.
He said that agriculture tax was the provincial subject and it would be decided by them when and what ratio of the tax to be imposed on the sector.
Hafeez Shaikh said that budget 2010-11 is being prepared with full consultations of the provinces keeping the transparency and honesty in consideration.
Addressing the seminar president ICCI, Zahid Maqbool urged the government to provide business conducive environment for the promotion of trade and business in the country.
Zahid Maqbool called for properly educating the business community before implementing the VAT.
Israr Rahoof, Member Direct Taxes FBR informed the seminar that FBR has organized seminars on VAT in all big cities where in collaboration with chambers of commerce to educating the business community.
Bears squeeze 195 points from KSE-100 Index
KARACHI: The Karachi Stock Exchange (KSE) began its fresh week downbeat as the benchmark KSE-100 Index plummeted by 195 points to close at 9,326 on Monday.
The Index opened 200 points down today and mostly remained in the negative zone throughout the session. The investors remained shaky amidst fear of imposition of Capital Gains Tax.
Trade volume was thin and stood at 65 million shares – lowest in the past month.
Haifzabad: Farmer killed on moneytary dispute
A farmer was murdered in a village of Hafizabad on monetary dispute with the Chaudhry of the village. The relatives of the victims were subjected to torture by police when they went to the Police Station for registering a case. The police also gave an ultimatum to the relatives of the victims to leave the village in 24 hours.
Muhammad Anwar, a resident of Jaltan village and father of four was abducted two weeks ago by the sons of the Chaudhry Munsab Ali. He died following severe torture by his abductors.
The news of the murder was made public by Chaudhrys wife. Police has just registered a case for abduction instead of murder.
The relatives of Anwar protested and while speaking to Dunya News they demanded Chief Justice of Pakistan and Punjab Chief Minister to take actions against the perpetrators. The Chaudhry declined to talk while the Pinid Bahtiyan inspector said that its premature to comment on the case.
Investors bear record losses at KSE
The Karachi Stock Market witnessed record losses of the year during the past few days. The KSE lost almost 259 points on Tuesday.
Trading began in the red zone and remained on the negative side throughout the day. Investors are trying to square up positions prior to the announcement of the budget due in two weeks. The Index is currently at 9,428 points. Lotte Pakistan, Jahangir Siddiqi and TRG Pakistan were volumes leaders. Minor recovery was witnessed to cover the short selling. The exchange volume was 142 million.
sirius
May 1, 2010 by Trend PK
Filed under World News
The market share of Sirius Radio has been experiencing a good position in the last couple of months. Overall the stock position of Sirius has returned three times the initial investment amount. This kind of market history tells that the company is doing well, but there are analysts who have predicted a fall in the stock price of the innovative radio company. However, according to owner of Sirius, the customer base is bound to increase by 7% and thus business is going to get better.
Sirius is basically a new company that has brought a relatively new concept to the radio technology. They are providing radio services via satellite and internet, in an attempt to provide centralized programming with nationwide coverage. This concept has its pros and cons. For the good part, customers would never lose radio signal and would receive unparalleled sound quality. On the negative side local programming couldn’t be provided which is at times critical for people who need local weather, traffic and social updates.
Sirius is the most advanced in technology when it comes to radios. They have numerous radio models in all categories. They have portable radios that are integrated with MP3 players. They have a huge array of car radios and car radio upgrades. They also have high powered home radios with built-in amplifiers for compatibility with home sound systems.
source:puggal
KSE-100 Index slips 51 points
KARACHI: The local stocks market witnessed profit taking on Wednesday as the benchmark KSE-100 Index decline by 51 points to close at 10,590.
Today’s trade began in the green zone but later selling in energy and banking sectors switched the Index into the negative mode. At one point the Index witnessed the intra-day low of 10,529 points. However, announcement of strong financial results by MCB provided support to the share market and the Index finished at the current level.
The market turnover was recorded at 145.5 million shares with Maple Leaf Cement topping the list of volume leaders at Rs5.08, up paisas 38.
On the other hand, KSE-30 Index slid 72 points to peg at 10,740.
‘Save electricity’ drive to begin from CM House: Shahbaz
LAHORE: Punjab’s Chief Minister Shahbaz Sharif has said that ‘save electricity’ campaign should begin from the Chief Minister House.
Chairing a high-level meeting on Monday, the chief minister said the government officials and departments should not consider themselves exempted from the electricity load-shedding.
He also constituted a committee to devise a comprehensive plan for ‘save electricity’ drive.
People are faced with severe difficulties due to the ongoing power shortage, he said, adding agriculture; industry and people are suffering from the negative implications.
