Latest news with #Non-DisclosureAgreement
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First Post
20 hours ago
- Entertainment
- First Post
After Sandeep Vanga's 'Spirit', Deepika Padukone quits Amitabh Bachchan's 'The Intern', source says 'She'll step away from acting and...'
A source was quoted saying, 'This time, Deepika will step away from acting in the film to serve solely as a producer, overseeing the creative and logistical reboot.' read more Sandeep Reddy Vanga shocked everyone with his viral post where he slammed actress Deepika Padukone after her exit from his upcoming movie Spirit featuring Prabhas. Taking to X, the Animal helmer shared a cryptic tweet. The director didn't mention Deepika Padukone but slammed her for her 'dirty PR games' and revealing some parts of her film's story. But now, as per a report by Mid-day, the actress has quit her home production The Intern opposite Amitabh Bachchan too, and a new leading lady will be cast opposite the legend. She will now serve as the producer on the remake. STORY CONTINUES BELOW THIS AD A source was quoted saying, 'This time, Deepika will step away from acting in the film to serve solely as a producer, overseeing the creative and logistical reboot. A new leading lady is being cast to play the part she was once slated to perform.' The source added, 'The Intern is the first of five projects she plans to mount in the coming year. She is looking to tell stories that are globally relevant.' The Spirit fiasco 'When I narrate a story to an actor, I place 100% faith. There is an unsaid NDA (Non-Disclosure Agreement) between us. But by doing this, You've 'DISCLOSED' the person that you are…Putting down a Younger actor and ousting my story? Is this what your feminism stands for? As a filmmaker, I put years of hard work behind my craft & for me, filmmaking is everything. You didn't get it. You won't get it. You will never get it," Vanga wrote. Reasons why the actress quit Spirit There are three reasons that have been reported so far. One of them has to do with the fact that Deepika has just embraced motherhood as she now has her daughter Dua in her life. Here are the three reported reasons: Deepika Padukone reportedly insisted on 8-hour shifts that barely allows for 6 hours of filming. She also demanded whooping Rs 20 Crores for the project & also a share in profits, she allegedly refused to speak her Telugu lines. A new source says the film has a lot of bold scenes and maybe it was Padukone's discomfort that led to her exit. STORY CONTINUES BELOW THIS AD
Cision Canada
20-07-2025
- Business
- Cision Canada
REVOLUGROUP PROXY SHAREHOLDER GROUP
SERIOUS CONCERNS ABOUT THE LOAN RECEIVED AND FINAL PROPOSAL FROM THE PROXY GROUP VANCOUVER, BC, /CNW/ -- The Proxy Shareholder Group of RevoluGROUP Canada Inc., representing over 10% of the company's share capital, expresses its gravest concerns regarding the financing agreement reportedly signed with Brinks Resources Ltd, and its sole director. Based on publicly accessible information from official UK company registers and basic online research, Brinks Resources Ltd appears to: Be a recently created entity with a capital of only £100 (approximately 170 CAD). Have no known operational activity and no published accounts. Have been registered in October 2024. It is important to mention that Brinks Resources Ltd has no relation whatsoever with the internationally known and reputable The Brink's Company. Despite these red flags, current management, specifically Mr. Gavin McMillan, claims that a due diligence process (KYC/KYB) was properly conducted — something we find utterly incomprehensible. A simple search using public search engines and AI tools such as ChatGPT immediately revealed extensive and concerning information regarding both Brinks Resources Ltd and its sole director. This raises serious questions as to the depth and sincerity of any alleged due diligence process. We also understand that RevoluPAY Spain submitted a formal compliance report to the Board, warning of significant risks tied to this agreement, highlighting the connections between Brinks Resources Ltd and companies involved with Bandenia in Spain. This report was neither acknowledged nor answered by management. Moreover, the loan granted by Brinks Resources Ltd reportedly: Could be convertible into shares under undisclosed conditions, potentially leading to shareholder dilution. Might include clauses affecting the governance of RevoluGROUP. Was granted by a director who held relevant positions in Bandenia companies in Spain and Cyprus. To this day, no official disclosure has been made to shareholders regarding this loan, despite the obligations of the TSX Venture Exchange and the British Columbia Securities Commission (BCSC), which require disclosure of all material agreements. We further remind the Board that continuing to execute this agreement could result in RevoluGROUP losing its Spanish, Canadian, and US licenses. OUR FINAL PROPOSAL In the interest of transparency and to avoid legal escalation, the Proxy Shareholder Group hereby makes its final offer: Immediate cancellation of the loan agreement signed with Brinks Resources Ltd. Substitution of the Proxy Shareholder Group (or any shareholder wishing to participate) in said financing, under equal or superior terms. Confirmation of our additional loan proposal of CAD 350,000, aimed at repaying debts and restoring compliance for TSX relisting. In parallel, we formally address RevoluGROUP's legal counsel: Even if a Non-Disclosure Agreement (NDA) prevents the publication of the Brinks Resources Ltd loan agreement, we believe this does not prevent you from answering the following basic compliance and regulatory questions: Does the loan agreement signed with Brinks Resources Ltd comply fully with TSX and BCSC regulations? Is the Brinks Resources Ltd loan convertible into shares, and if so, under what conditions? Does the Brinks Resources Ltd loan include any clauses affecting the company's governance, Board composition, or shareholder rights? Have the funds received been used exclusively in the interest of RevoluGROUP shareholders, excluding director compensation? Given the warnings received from RevoluPAY Spain, does this loan expose RevoluGROUP to regulatory risks that could threaten its licenses? We request clear, written answers to these questions within five (5) calendar days. This proposal represents our final amicable attempt to protect the company and its shareholders. Continued delays and opacity serve only those receiving remuneration while RevoluGROUP deteriorates further. We call upon all shareholders — whether they join the Proxy Group or not — to demand transparency and protect their investments by directly requesting explanations from the Board of Directors, the TSX Venture Exchange, and the BCSC.
NDTV
16-07-2025
- Entertainment
- NDTV
Mohit Suri Reacts To Sandeep Reddy Vanga Facing Backlash For His Films: "I Loved Animal"
New Delhi: Sandeep Reddy Vanga has been on the receiving end of severe backlash for the heightened glorification of toxic male characters in his films. The excessive use of verbal abuse, violence, and an authoritative approach towards women in the name of romance has been questioned by a large section of the audience. Mohit Suri, who is known for his films in the romance genre, has now reacted to the criticism that Sandeep Reddy Vanga's films face. The Saiyaara director said, "I love his films." What's Happening Filmmaker Mohit Suri shared his views on Sandeep Reddy Vanga and the themes in his films that have received flak from the audience. Mohit Suri told Filmygyan, "I love his films. Hum banate hai use controversial (We make his films controversial). Ye same kahaani aap kisi gangster ke sath karo - Bhatt sahab ne kiya hai Sadak mein. (You make Sandeep kind of films with a gangster, Mahesh Bhatt has made Sadak like that). We are from that school of cinema. Ram Gopal Varma has made such films too. Everyone has the right to make their films. You have a right to like it or not like it." Defending creative freedom in Vanga's films, Mohit Suri added, "Very few people think Arjun Reddy and Kabir Singh have no difference. I feel there is a big difference between the two films. There is more emotion in the second part. I loved Animal. I messaged him during Animal that I am a Sandeep Reddy Vanga fan." Sandeep Reddy Vanga's Latest Controversy The Animal director's latest controversy was about Deepika Padukone's exit from Spirit over her 8-hour work shift demand. She was replaced by Triptii Dimri in the film. In an X post, Sandeep Reddy Vanga wrote Deepika Padukone had violated the Non-Disclosure Agreement (NDA) as a part of her "dirtyPRgames". The Animal director also questioned Deepika's idea of "feminism". Sandeep Reddy Vanga's angry post read, "When I narrate a story to an actor, I place 100% faith. There is an unsaid NDA(Non-Disclosure Agreement) between us. But by doing this, you've 'DISCLOSED' the person that you are...." X/Sandeep Reddy Vanga "Putting down a younger actor and ousting my story? Is this what your feminism stands for? As a filmmaker, I put years of hard work behind my craft & for me, filmmaking is everything. You didn't get it. You won't get it. You will never get it." " Aisa karo.... Agli baar poori kahani bolna... kyunki mujhe jarra bhi farak nahi padtha. (Next time, please tell the whole story. I don't care," he concluded in the post. In A Nutshell Mohit Suri expressed his admiration for Sandeep Reddy Vanga's film and the right to creative freedom. He also spoke about how he had loved Animal and called up Vanga to extend his wishes.
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Business Standard
10-07-2025
- Business
- Business Standard
Syrma SGS Technology hits 52-week high; rises 10% in two days; Details
Syrma SGS Technology share price rose 5.1 per cent, logging a 52-week high at ₹682.7 per share on Thursday. The scrip rallied for the second session and gained nearly 10 per cent in two days. At 9:36 AM, Syrma SGS Technology shares were up 3.84 per cent at ₹674.1 per share on the BSE. In comparison, the BSE Sensex was down 0.09 per cent at 83,464.5. The company's market capitalisation stood at ₹12,009.63 crore. Its 52-week low was at ₹355.05 per share. Why are Syrma SGS Technology shares rising in trade? The stock gained after the company gave clarification reports about setting up Printed Circuit Board (PCB) manufacturing facility in Andhra Pradesh. The company provided a sequence of events in chronological order from the start of negotiations till date. According to the filing, the company signed an Non-Disclosure Agreement (NDA) with Shinhyup Electronics Co., Ltd. on December 24, 2024. Then on January 16, 2025, it signed a Non-Binding memorandum of understanding (MoU) at Chennai, India. In March and April, the company communicated exchanges to understand business plan assumptions, product costing etc and then in May and June, communicated exchanges that it is exploring a potential joint venture (JV) partnership and relevant document details. Since March till date, there have been discussions with GoAP, EDB representatives for land, and incentives package and an application was filed with the IT Secretary, GoAP with a detailed project report on June 26, 2025. Reports had suggested that the company is planning to invest around ₹1,800 crore in the project, in partnership with South Korean major Shinhyup Electronics Ltd for technology and marketing support. They further said that discussions are in an advanced stage, and the Andhra Pradesh cabinet is expected to clear a proposal by the company soon. The company may be applying for a production-linked incentive (PLI) under the Government of India's electronics manufacturing schemes. It has also approached the state government for incentives, including capital subsidy, electricity duty incentives, and skilling incentives. The project is expected to be commissioned by 2026–27. About Syrma SGS Syrma SGS manufactures various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fibre optic assemblies, magnetic induction coils and RFID products, and other electronic products.
Business Standard
03-07-2025
- Business
- Business Standard
Tata Power dips after arbitration tribunal partially rules in favour of Kleros
Tata Power fell 1.53% to Rs 400.25 after the company disclosed that an international arbitration tribunal has partially ruled in favour of Kleros Capital Partners in an ongoing dispute. The arbitration, conducted under the Singapore International Arbitration Centre (SIAC) rules, stems from claims made by Kleros that Tata Power breached confidentiality and non-circumvention clauses outlined in a Non-Disclosure Agreement. The NDA was signed as part of discussions for a potential coal mining partnership in Russia. In a stock exchange filing dated 2 July 2025, Tata Power informed investors that the three-member tribunal, by a majority of two to one, has awarded Kleros damages amounting to $490.32 million, along with simple interest at the rate of 5.33% from 30 November 2020, until payment is made. Additionally, the tribunal awarded Kleros a further $8.29 million as legal costs, also carrying simple interest of 5.33% from 1 July 2025, until paid. The arbitration proceedings were initiated by Kleros in November 2020, and oral hearings concluded in February 2024. The award was received by Tata Power after business hours on 1 July 2025. Tata Power has stated that it is currently reviewing the contents of the award and evaluating all available legal options, including a possible challenge to the decision. Tata Power Company is a leading integrated power company. Its consolidated net profit jumped 16.49% to Rs 1,042.83 crore on a 7.88% increase in revenue from operations to Rs 17,095.88 crore in Q4 FY25 over Q4 FY24.
