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Bollywood Films Lite Blogs

50 Years Of YRF: Aditya Remembers Yash

Amitabh Bachchan With Yash Raj (Wikipedia)

On the completion of 50 years of Yash Raj Films, Chairman and filmmaker Aditya Chopra penned a note for his late father Yash Chopra , who had founded the production house.

“In 1970, my father Yash Chopra, left the security and comfort of his brother Mr. BR Chopra and formed his own company. Till then, he was a salaried employee of BR Films and didn’t own anything of his own. He did not know how to run a business and did not even have the basic knowledge of what goes into making a company. All he had was a strong belief in his talent and hardwork and a dream to be self-reliant.

“That conviction of a creative man backing nothing but himself and his art, gave birth to Yash Raj Films. Mr. V Shantaram, who owned Rajkamal Studios, graciously gave him a small room in his studio for his office. My father didn’t know then, that the small company that he started in a tiny room, would one day become the biggest film company of the Indian Film Industry,” Aditya wrote in a statement.

Shah Rukh Khan With Yash Raj (Wikipedia)

Sunday also marks the 88th birth anniversary of Yash Chopra.

Recalling the making the blockbuster film “Dilwale Dulhania Le Jayenge”, Aditya Chopra added: “1995, as Yash Raj Films (YRF) entered its 25th year, my directorial debut film Dilwale Dulhania Le Jayenge released. The historic success of that film gave me the confidence to give wings to some crazy risky ideas that I had for the future of YRF. Besides the immense love that my father had for me, he now also had a lot of faith in my ideas because of the miraculous success of my film. I had foreseen the advent of international corporate studios coming to India and taking over our business.

“I wanted us to achieve a certain scale, so that we could retain our independence before they came in. My father contradicted his own conservative mindset and bravely indulged all my bold initiatives. And in a span of 10 quick years, we went from a film production house to India’s first fully integrated independent film studio,” he stated.

Aditya Chopra

Chopra thanked every person associated with the company over the last five decades.

“Across 5 decades YRF, at its core, has been a traditional company with deep-rooted old world values and a conservative approach to business. This perfect balance of traditional and modern is what defines Yash Raj Films,” the statement read.

Yash Raj Films is best known for delivering numerous genre-defining and hit films over the decades including “Kabie Kabhie”, “Silsila”, “Chandni”, “Darr”, “Dil Toh Pagal Hai”, “Dilwale Dulhaniya Le Jayenge”, “Mohabbatein”, “Veer-Zaara”, “Bunty Aur Babli”, “Band Baaja Baaraat” and “Chak De India” among others.

The banner’s latest blockbuster production was the 2019 release, “War”, starring Hrithik Roshan, Tiger Shroff and Vaani Kapoor.
Aditya Chopra has unveiled a new logo of Yash Raj Films that marks the beginning of the 50-year celebrations of the production house.

50 yrs of YRF: Aditya Chopra remembers father Yash Chopra.

The company, in the logo, captures the history of YRF that has worked with superstars like Amitabh Bachchan and Shah Rukh Khan and entertained audiences with movies such as “Chandni”, “Silsila”, “Dil To Pagal Hai”, “Dhoom” and “War”.

Aditya revealed the logo on September 27, the 88th birth anniversary of his late father and filmmaker Yash Chopra.

Akshaye Widhani, Senior Vice President, Finance, Business Affairs and YRF Studios, shared that the special logo captures “nostalgia, remarkable moments from YRF’s history and its journey in cinema and also gives a glimpse of YRF’s contribution to the Indian film industry and audiences through its blockbuster films that has shaped pop culture for India and Indians”.

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Economy India News

Govt To Pump 3 Lakh Crore into PLI Schemes

In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh crore through an umbrella production linked incentive (PLI) scheme that will run simultaneously in 10 identified sectors for a period of five years.

Sources privy to the development said that the Niti Aayog has been entrusted with the task to finalise a cabinet note proposing extension of the PLI scheme with separate budgetary allocation for each identified sector for the next five years starting FY22.

The allocation will have to be worked out within the confines of the suggestions given by the expenditure department based on expected savings from the withdrawal of the existing Merchandise Exports India Scheme (MEIS) introduced in April 2015 to promote manufacturing and exports of specified goods from India.

“A plan for a mega Rs 3 lakh crore PLI scheme has been finalised by an empowered group of secretaries chaired by the cabinet secretary early this month. The allocation under the expanded PLI has been worked out on the basis of savings made by withdrawal of the MEIS scheme and liabilities on account of the new export incentive scheme, Remission of Duties or Taxes on Export Products (RoDTEP). This will ensure that there is no imbalance on account of introduction of PLI,” said the source quoted above.

Under the proposed PLI scheme, the government will incentivise domestic production in 10 areas to begin with. These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).

Apart from these, large scale electronic manufacturing (mobile phones), pharmaceutical drugs and medical devices, which already have an approved PLI scheme, would be provided full budgetary allocation for next five years.

In the discussions by the EGoS, the highest allocation of close to Rs 60,000 crore (over the next five years) has been proposed for automobile and auto component sectors. This is with the belief that this sector could help India become a global hub of manufacturing and source house for global industries.

The next highest allocation has been proposed for large scale electronic manufacturing at Rs 40,000 crore, where the mobile phone manufacturing sector is already getting a PLI.

The PLI for pharma sector has also been proposed for a higher allocation of Rs 30,000 crore to give a boost to production of API that is largely imported at present.

The electrification of transport has also been identified as an important area and has been considered for a budgetary allocation of over Rs 18,000 crore.

The next highest allocation has been suggested for telecom and networking products, textiles, and food processing at over Rs 10,000-15,000 crore each.

Sources said that the cabinet note will also contain information of other pillars of government strategy to boost domestic manufacturing, including the phased manufacturing programme (PMP). This incentive is being worked out for five areas, including furniture and bedding; plastics; optical, photographic surgical instruments; toys, games, sports equipment; low value electrical machine parts and consumer durables.

Also Read: IPL is India’s great soft power tool

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-Top News World News

Covid 19 death toll passes ‘an agonising milestone’: Guterres

The global death toll from the coronavirus has passed one million.With over one million lives having succumbed to COVID-19 globally, UN Secretary-General Antonio Guterres said that while the “agonising milestone” is a “mind-numbing figure”, the world must never lose sight of each and every individual life.

“They were fathers and mothers, wives and husbands, brothers and sisters, friends and colleagues,” he said in a statement on Monday.

The pain has been multiplied by the “savageness” of the disease, the Secretary-General added, noting that the risk of infection kept families from being with their loved ones, and the process of mourning and celebrating a life was often made impossible.

“How do you say goodbye without holding a hand, or extending a gentle kiss, a warm embrace, a final whisper ‘I love you’?”

At the same time, still there is no end in sight to the spread of the virus, the loss of jobs, the disruption of education, the upheaval to our lives, said Guterres.

“However, we can overcome this challenge,” he urged, underlining the need to “learn from the mistakes”.

“Responsible leadership matters. Science matters. Cooperation matters – and misinformation kills. As the relentless hunt for a vaccine continues – a vaccine that must be available and affordable to all – let’s do our part to save lives,” Guterres added.

“As we remember so many lives lost, let us never forget that our future rests on solidarity – as people united and as united nations.”

Meanwhile, a new COVID-19 diagnostic test, which can provide reliable results quickly, at a lower price and with less sophisticated equipment, will help expand capacity to detect cases in low- and middle-income countries, the UN World Health Organisation, WHO, has announced.

Through agreements between WHO and partners, 120 million such tests will be made available to these countries, over a period of six months.

“This will enable the expansion of testing, particularly in hard-to-reach areas that do not have lab facilities or enough trained health workers to carry out PCR tests,” WHO Director-General Tedros Adhanom Ghebreyesus said at a media briefing on Monday, adding that it would be “a vital addition” to countries’ testing capacity and is especially important in areas of high transmission.

“The quicker COVID-19 can be diagnosed, the quicker action can be taken to treat and isolate those with the virus and trace their contacts,” said Tedros.

With agreement and seed funding already secured, the need now is the full amount of funds to buy the tests, stressed the WHO Director-General.

Also read:Celebs On Wanderlust Amid Covid

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Business

Cleveland-Cliffs takes over ArcelorMittal USA

ArcelorMittal chairman and CEO Lakshmi Mittal. (File Photo: IANS)

ArcelorMittal has signed a definitive agreement to sell 100 per cent stake in ArcelorMittal USA to Cleveland-Cliffs Inc for around $1.4 billion in both cash and stock.

ArcelorMittal, in a statement on Monday, said that around one third of the consideration is in upfront cash – $505 million and the remaining two-third of the consideration is in the form of equity.

Further, Cleveland-Cliffs will assume the liabilities of ArcelorMittal USA, including net liabilities of approximately $0.5 billion and pensions and other post-employment benefit liabilities which Cleveland-Cliffs values at $1.5 billion.

Cleveland-Cliffs said in a statement that it will acquire ArcelorMittal USA on a cash-free and debt-free basis, with a combination of 78.2 million shares of Cleveland-Cliffs common stock, non-voting preferred stock with an approximate aggregate value of $373 million, and $505 million in cash.

With the transaction, ArcelorMittal USA has achieved “favourable” valuation due to the high synergistic potential of the combined company, the ArcelorMittal statement said.

Also Read: India’s Steel Exports To China Hit New Highs

Lakshmi Mittal, Chairman and CEO of ArcelorMittal, said: “This transaction is a unique opportunity for ArcelorMittal to unlock significant value for shareholders while retaining exposure to the North American economy through our high-quality NAFTA assets alongside a participation in what will be a stronger, better integrated, US business.”

“I would like to thank all employees of ArcelorMittal USA for their hard work in ensuring the business maintained its reputation as a trusted, quality supplier of steels for American manufacturing. I am confident you will have a bright future with Cleveland-Cliffs,” he said.

Aditya Mittal, President and CFO, ArcelorMittal, said that the transaction also completes the steel major’s $2 billion asset portfolio optimisation target and enables it to return cash to the shareholders.

Lourenco Goncalves, President and CEO of Cleveland-Cliffs, said: “Steel-making is a business where production volume, operational diversification, dilution of fixed costs, and technical expertise matter above all else, and this transaction achieves all of these. ArcelorMittal is a world class organisation that we have long admired as our customer and our partner, and we know for a fact that they have taken good care of their US assets.”

Also Read: Tata Steel in Stake Sale talks with UK Govt

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Bollywood Fashion Films Lite Blogs

Disha Roped In As Mynthra Ambassador

Disha Patani becomes ‘beauty’ brand ambassador

“Beauty is an integral part of my life, even more since I became a model,” says Bollywood actress Disha Patani has been roped in as the beauty brand ambassador of Myntra.

Disha will be featuring in a brand campaign that will bring to the table a holistic representation of a tech-savvy, modern-day celebrity with the appeal to connect and engage with enthusiasts for /beauty and personal care products across various age-groups.

She says: “Myntra has consistently pioneered the path to self-expression through fashion and beauty for fashion-forward customers, including myself. Through this association with Myntra, I hope to inspire and help people across India on their journey towards discovering their own unique fashion styles and preferences.”

Commenting on the association, Amar Nagaram, CEO, Myntra, said: “In a first-ever for Myntra, this association with Disha as our beauty brand ambassador represents our increasing focus on the booming Beauty and Personal Care segment. Through our tech-based personalization capabilities, a growing portfolio, and content innovation, we are extending our superlative consumer experience to cater to the beauty needs of consumers and help them complete the look. Disha joins our illustrious list of celebrity brand ambassadors ahead of the festive season and will help us in our vision of providing a holistic fashion and lifestyle offering to our fashion-forward consumers across the nation under one roof.”

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Fashion Lifestyle Lite Blogs

Aggarwal’s True Vision Of The Futuristic Fashion

Contemporary Couture with Amit Aggarwal. (Photo: India Couture Week)

“As we experience the world through the safety of our homes, the oceans continue to churn, the wind continues to blow and the sky still holds her secrets and celebration from sunrise to twilight. Their freedom and lightness is a promise of new beginnings every moment,” says designer Amit Aggarwal as he launched his latest couture collection on Day 2 of the first-ever digital edition of the India Couture Week (ICW) on Saturday.

Contemporary Couture with Amit Aggarwal. (Photo: India Couture Week)

The self-confessed traditionalist has reinvented the wheel so to speak when it comes to traditional ensembles. “We constantly try and evolve the language of modern Indian craftsmanship. I think the pandemic has really got us all thinking about a higher responsibility towards our surroundings and nature. I feel nature has played a very important role in this collection,” reveals the designer.

Aggarwal captures nature through “the weightlessness of the ocean, the caress of the wind, and cradles the earth” with this collection in a dramatic underwater show, which played on various FDCI platforms for five minutes.

Contemporary Couture with Amit Aggarwal. (Photo: India Couture Week)

Staying true to vision of futuristic fashion and use of industrial material and signature polymers, the designer presented three dimensional, hand embroidered blouses in pearl and industrial yarn, paired with structured hand woven metallic polymer lehenga, striped structured lehengas complimented b structured lace palla, three-dimensional, hand embroidered blouses in pearl and yarns. The ensembles also consisted of three dimensional moulded blouses with lace and metallic polymer details.

Contemporary Couture with Amit Aggarwal. (Photo: India Couture Week)

“Couture for me is a feeling of wearing an outfit that is made especially for you, embodying your spirit and aesthetic. We always tread a balance of the surreal and functionality of the garment and it’s exciting to translate that vision into a digital experience. At the heart of it is our constant brand story of intricate craftsmanship and hand embroidery,” says the designer.

Through his show, Aggarwal also launched his website which offers sarees and lehengas, dresses, separates and his luxury pret line.

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Bollywood Films Lite Blogs

Babil Shares Emotional Note On Irrfan

Irrfan Khan’s son Babil: I hate realising everyday that you’re gone

Babil Khan, elder son of late actor Irrfan Khan, has penned an emotional note for his father and said that he would give every cell in his presence to remember his skin.

Babil took to Instagram and shared a motley of pictures of his father Irrfan and him, working behind the camera.

He wrote: “I’m working Baba. You pushed through demons, up in your feelings, no one gets it, no? I’d give every cell in my presence to remember your skin, My spinal chord will rotate and my soul can implode, in a search to feel you close, I wish I would have known how it feels to end, so I can begin.”

“Why are you surprised? It’s the job of the Politician to choose to lie, and when I’m bleeding, I know, sleep is just death being shy. I pray for you, our farmers, in our self-illusiveness we thought we were better, I hope we can surrender. I hope we find a way. I miss you India. (No political comments please, this is not a political expression.)”

Irrfan’s son Babil shares throwback pics of ‘baba’.

Babil and his mother Sutapa Sikdar keep sharing memories of Irrfan on social media. The actor passed away in Mumbai on April 29 this year.

Irrfan was still under treatment when he returned to acting with “Angrezi Medium”, a follow-up to his 2017 hit, “Hindi Medium”.

Irrfan’s final film, incidentally, has also been Bollywood’s last release in the theatres for now, before the Covid-19 pandemic forced a total lockdown of the nation.

In “Angrezi Medium”, Irrfan played a small town father willing to go to any extent to fulfil his daughter’s dream of a foreign education, so much so that he lands in a hilarious mess.

Also Read-Legendary Singer Lataji @91

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Business UK News

Skin HQ founder Danis bags prestigious Award

SkinHQ founder Haroon Danis

The prestigious ‘Great British Entrepreneur Awards’ has chosen the founder of  Skin HQ, Haroon Danis, as the first Fashion & Beauty Entrepreneur of the Year for the north west. The announcement was made at the regional finals, which was held virtually due to the pandemic situation.

The Fashion & Beauty Entrepreneur of the Year award, a new category for 2020 celebrates the entrepreneurs who stand out in the category with truly unique products or the way they do business.

Chancellor Rishi Sunak congratulated the award winners and also expressed his strong backing for the country’s entrepreneurs.

“Entrepreneurs are creating new businesses and adapting to the crisis, as seen in this year’s entries. And that’s what we need to happen if we want our economy to bounce back. We need all of you to keep inventing, keep taking risks, keep creating new businesses,” he said.

“It’s my job as Chancellor to celebrate, champion and support you,” Sunak added.

Commenting on Haroon’s achievement, Francesca James, founder of the Great British Entrepreneur Awards, said: “Haroon has a wonderful entrepreneurial story and I’m delighted for him to win this award. I’ll be keeping a very close eye on what he does in the years to come and look forward to welcoming Haroon to the community.”

Skin HQ, led by the award winner, is an affordable, modern, inclusive and accessible provider of skincare clinics. The clinics offer an alternative to surgical improvement clinics and beauty parlours, designed to cater to the specific skin conditions and purchasing needs of a diverse customer base.

Haroon has also won two prestigious Stevie International Business awards, also known as the Business Oscars.

Also Read: ‘Transforming Narratives’ awards grants to 18 artists

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-Top News India News USA

Trump paid more in taxes to India than to US in 2017

US President Donald Trump or his company paid $145,400 in taxes to India and received $2.3 million from projects there, according to The New York Times.

The newspaper said the taxes were paid by him or his companies in 2017 and the $2.3 million in income came during Trump’s first two years in office.

The New York Times did not give details of the income Trump derived from India. It was also not clear if it was Trump’s personal income or his organisation’s.

Before he became the President, Trump was principally a real estate developer running the Trump Organization, besides dabbling in show business.

He had visited Mumbai in 2014 before plunging into politics to meet with developers of the local Trump Tower and other business people.

The Trump Organization lists four residential projects located in Mumbai, Pune, Kolkata and Gurugram.

The projects have local associates and typically in such deals they run them and pay a royalty or other fees to the Trump Organization, mainly for branding.

The web sites of the Trump Tower projects in Kolkata and Pune carry the disclaimer that the properties are “not owned, developed or sold by the Trump Organization or any of their current or former principals or affiliates.”

The newspaper, which said that it had received copies of Trump’s income tax records, claimed that the self-proclaimed billionaire had paid only $750 in federal income taxes in 2017, his first year in office.

It said that for 10 of the previous 15 years, he had not paid any taxes because his losses were higher than his income.

The disclosures on Sunday evening by the New York Times, which did not say how it received the copies of the tax filings, came as Trump was getting ready for a debate with Democratic Party candidate Joe Biden on Tuesday.

Biden’s campaign immediately released an ad comparing Trump’s $750 taxes reported by the Times with that paid typically by the teachers, which is about 10 times as much, and by nurses and firefighters.

Trump has refused to disclose his income tax filings which all Presidents had in recent times. He said he will not make them public while the Internal Revenue Services (IRS), the federal tax authority, was auditing his tax filings, and would release them only after the audits were over.

At a news conference on Sunday, Trump called the Times report “fake news”.

He said, “Actually, I paid tax, but — and you’ll see that as soon as my tax returns — it’s under audit. They’ve been under audit for a long time.”

But he refused to say how much tax he had paid.

Trump also said that he had been negotiating with the IRS for a long time.

The Times said that he made $73 million from projects abroad, most of it from golf properties in Ireland and Scotland.

He also received $3 million from the Philippines and $1 million from Turkey, which along with India, the Times asserted, were “countries with authoritarian-leaning leaders or thorny geopolitics”.

Outside of the US, India with four has the most number of Trump Organizaiton-affiliated projects.

The Trump Tower built in Mumbai in association with the Lodha Group says on its website that apartment prices start at Rs 7.8 crore.

Trump’s sons, Eric and Donald Jr., are listed on the Trump Organization web sites as executive vice presidents.

Donald Trump Jr. had visited India on a business trip in 2018.

Also read:Trump paid ‘nothing’ in taxes for 10 years before 2016 polls

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-Top News UAE News

Asian Lite Daily Digital – Saudi To Host Virtual G20 Summit in November

Saudi To Host Virtual G20 Summit in November; Global Corona Cases Cross 33 Million; Green Activists Call For National Rivers Policy; Hard Times Ahead For Pakistan; Friends of Canada-India, others stage protest against China – all in Asian Lite Daily Digital – please click here to read.