Latest news with #Purpose
Time of India
6 days ago
- Entertainment
- Time of India
Karan Johar opens up on 'OK Jaanu' failure; Values his failures as his successes
Karan Johar recently opened up about a mistake he made by supporting the 2017 film 'OK Jaanu', which starred Shraddha Kapoor and Aditya Roy Kapur . In a chat on the podcast, Karan admitted that going against his gut feeling led to the wrong decision, and 'OK Jaanu' is a clear example of that. The filmmaker spilled the beans with Jay Shetty On Purpose that he had doubts about remaking Mani Ratnam's Tamil hit 'O Kadhal Kanmani'. He recalled not being fully convinced about the idea from the start. 'It is called 'OK Jaanu'. Aditya and Shraddha just had a blockbuster called ' Aashiqui 2 '. They had already agreed to do the film, he said." Karan Johar on films being remade The film was brought to Karan Johar as a ready-made remake with Shaad Ali directing it. But deep down, he still felt it wasn't the right choice.'In my heart, I had actually felt that, 'Should this film be remade?' Because it's so much about that moment. Can that moment be recaptured?" 'Somewhere, the magic of the original we couldn't recapture. And it was nobody's fault. But my instinct told me I shouldn't do it. And I did it. And that's when I realised I should listen to my instinct. I have gone wrong." He added. Box office failure of 'Ok Jaanu' 'OK Jaanu', which was released in 2017, couldn't match the success of 'Aashiqui 2'. Although it had a fresh pairing and a good music album, the film got mixed reviews and didn't do well at the box office. Karan Johar on valuing failures as success Even though 'OK Jaanu' didn't work out, Karan openly accepts his mistakes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo Speaking with Jay Shetty, he shared that he values his failures just as much as his successes, as both play an important role in his journey. Karan has always been honest about both his successes and failures, seeing each as a learning experience. Over the years, he has introduced many new talents and supported numerous films through Dharma Productions, cementing his place as one of the most influential figures in the industry. Karan Johar Admits His Twins Are 'More Entitled and Privileged' Than Him
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Business Standard
7 days ago
- Business
- Business Standard
ADAG stocks, Reliance Infra, Reliance Power hit lower circuits; here's why
Reliance Infrastructure, Reliance Power share price today Shares of Anil Dhirubhai Ambani Group (ADAG) companies, Reliance Infrastructure (₹360.05) and Reliance Power (₹59.70), were locked in the 5-per cent lower circuit on the BSE in Thursday's intraday trade amid reports of Enforcement Directorate (ED) raids across 35 locations linked to Reliance Anil Ambani Group in money laundering probe. Till 12:41 PM; a combined 1.48 million equity shares changed hands on Reliance Infrastructure counter. There were pending sell orders for 1.3 million shares on the NSE and BSE. On the Reliance Power counter there were pending sell orders for 7.53 million shares on the NSE and BSE. A combined 12.18 million shares changed hands, the exchange data shows. Currently, Reliance Infrastructure and Reliance Power are trading under 'T' or Trade-for-Trade (T) group on the BSE. The T group is a surveillance measure that requires securities to be settled on a trade-to-trade basis. Meanwhile, the stock price of Reliance Infrastructure (up 143 per cent) and Reliance Power (up 184 per cent) had zoomed more than 100 per cent from their respective 52-week lows touched on July 24, 2024. According to a Business Standard report, the Enforcement Directorate (ED) on Thursday raided several locations connected to Anil Ambani as part of its ongoing investigation into the Yes Bank loan fraud case. ED's action came in after State Bank of India (SBI) decided to classify telecom company Reliance Communications as 'fraud' and will report its former director, Anil Ambani, to the Reserve Bank of India (RBI). The ED is currently examining over 50 companies and 25 individuals believed to be part of the network. Meanwhile, Reliance Infrastructure in its FY25 annual report said that during the financial year 2020-21, the company, as a part of settlement with Yes Bank Limited, had sold its investment including Property, plant and equipment at Santacruz at a total transaction value of ₹1,200 crore through the conveyance deed entered with Yes Bank Limited. The company is entitled to exercise its rights/option to buy back this property after 8.5 years from the date of sale, subject to fulfillment of the condition precedents at an agreed price as per option agreement entered between parties. Business Overview Reliance Infrastructure is a diversified infrastructure company, primarily engaged in providing comprehensive engineering & construction (E&C) services across multiple sectors including power, transportation, urban infrastructure and defence. Multiple projects are undertaken through Special Purpose Vehicles (SPVs), permitting focused execution and efficient management. Reliance Power, a constituent of the Reliance Group, is a prominent private sector power generation company in India. The company has built a diversified portfolio encompassing thermal, solar and hydroelectric power projects, with the objective of developing, constructing and operating power projects both domestically and internationally. The company is in the business of developing and operating power generation projects, along with the development of coal mines linked to these projects. Reliance Power has built a balanced portfolio including both power plants and coal assets. As of now, power projects with a total capacity of approximately 5,305 MW have been successfully commissioned, while the remaining projects are at different stages of planning and development.
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Business Standard
24-07-2025
- Business
- Business Standard
Supreme Petrochem slips over 2% on weak Q1 results; profit tanks 34% YoY
Supreme Petrochem share price today: Petrochemical company Supreme Petrochem share price dropped as much as 2.43 per cent to an intraday low of ₹793.65 per share on Thursday, July 24, 2025. At 10:11 AM, Supreme Petrochem shares were trading 1.33 per cent lower at ₹802.60 per share. In comparison, BSE Sensex was trading 0.28 per cent lower at 82,497.79 levels. Why did Supreme Petrochem share price drop in trade? Supreme Petrochem share price dropped on reporting a weak set of June quarter of financial year 2026 (Q1FY26) results. The company posted a net profit of ₹80.9 crore, down 33.6 per cent year-on-year (Y-o-Y) from ₹121.9 crore in the same quarter last year (Q1FY25). The revenue dropped 11.9 per cent Y-o-Y to ₹1,386.5 crore in the June quarter of FY26, from ₹1,573.4 crore in the June quarter of FY25. At the operating level, Ebitda tanked 29.1 per cent Y-o-Y to ₹114.7 crore in Q1FY26, from ₹161.8 crore in Q1FY25. Ebitda margin squeezed 190 basis points (bps) annually to 8.3 per cent in the June quarter of FY26, as against 10.2 per cent in the June quarter of FY25. About Supreme Petrochem Supreme Petrochem is a leading Indian petrochemical company specialising in the styrenics segment, with a strong focus on polystyrene and related products. A flagship entity of the Rajan Raheja Group, SPL has established itself as the market leader in polystyrene in India, commanding over 50 per cent market share in the domestic segment. The company plays a vital role in supporting downstream plastic processing industries by supplying high-quality raw materials used in a wide range of applications. SPL's product portfolio includes General Purpose Polystyrene (GPPS) and High Impact Polystyrene (HIPS), which are widely used in injection molding, extrusion, thermoforming, and blow molding applications. These materials find end-use across industries such as consumer goods, electronics, packaging, and automotive components. In addition, the company manufactures Expandable Polystyrene (EPS) in multiple variants, including high-expansion, fast cycle, and flame-retardant grades, catering to insulation, protective packaging, and construction sectors. Expanding beyond conventional polystyrene, SPL also produces polymer compounds, which are custom-formulated blends of polymers with additives, reinforcements, and fillers. These engineered compounds are tailored for specific functional and mechanical performance in niche industrial applications. Furthermore, SPL is the first and only producer in India of Extruded Polystyrene (XPS) insulation boards, a high-performance material used for energy-efficient insulation in building and infrastructure projects. On the operational front, Supreme Petrochem runs state-of-the-art manufacturing facilities located in Amdoshi (Maharashtra) and Manali (Chennai), equipped to meet both domestic demand and international standards. The company has built a robust global presence, with exports to over 100 countries, making it the largest exporter of polystyrene from India.
Hamilton Spectator
19-07-2025
- Business
- Hamilton Spectator
Purpose Investments Inc. Announces July 2025 Distributions
TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose') is pleased to announce distributions for the month of July 2025 for its open-end exchange traded funds and closed-end funds ('the Funds'). The ex-distribution date for all Open-End Funds is July 29, 2025. The ex-distribution date for all closed-end funds is July 31, 2025. Estimated July 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund The July 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows: Purpose expects to issue a press release on or about July 28, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be July 29, 2025. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $24 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact: Keera Hart 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Time of India
19-07-2025
- Business
- Time of India
Fiscal crunch: Telangana seeks Centre's help to restructure high-interest loans amid debt woes; looks to cut rates to 7%
HYDERABAD: In the face of substantial financial challenges, the state govt is looking at central help to restructure current high interest rates on some loan repayments. According to finance department sources, the previous administration had incurred huge debt due to high interest rates ranging from 10.75% to 11.25% on loans from Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) etc. , to finance irrigation projects such as Kaleshwaram and Palamuru-Rangareddy. Specifically, off-budget bonds were issued through Special Purpose Vehicles (SPVs) to fund these projects. But as these SPVs do not possess independent revenue streams, the interest has to be serviced from the state's treasury. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad If the govt successfully negotiates a reduction to 7%, it would save approximately Rs 2,000 crore a month, which, in turn, could be deployed to support various development projects, sources said. As there is a shortage of funds for capital expenditures, it has adversely affected ongoing development initiatives. To date, only Rs 3,000 crore has been allocated to capital expenditure during the current financial year and the govt is looking at ways to address this shortfall. Finance department officials cautioned that a failure to ease the debt burden can create major obstacles to the state's economic growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo It's also impacting the state's credit rating, officials said. Last month, REC had issued a warning that some of these loans risked being categorised as Non-Performing Asset (NPA) if outstanding dues are not settled. This led the govt to pay Rs 1,393 crore to mitigate this risk. Currently, the state is spending an average of Rs 3,500 crore per month as interest payments alone on these debts. Approximately 34% of the state's revenue is allocated to servicing interest and instalments, while another 35% is devoted to salaries and pensions. This allocation results in a significant reduction in available funds for welfare projects, officials said.
