Pvr To Foray Overseas Market Soon

MUMBAI: PVR Cinemas is on a lookout for potential options in order to extend its existing portfolio in overseas operations. The company has planned to roll out special theatres based on management contracts in order to accomplish the same.
Post this expansion, PVR Cinemas would become the second Indian media and entertainment player to make its international presence felt in overseas markets. The first one to do the same is Big Cinemas by Anil Ambani that already has its theatres working in United States as well as Malaysia.
"We will be present in at least 27 cities by the end of this fiscal. By then, we will have around 242-screens. The new additions this year would be cities like Kolkata, Howrah Ranchi and Patna," said, Pramod Arora, President, PVR Group. At present, the company already has access to as many as 142 screens across 18 cities all over India, which is soon to be followed by 80-100 more screens as a part of their expansion.

Soon, trade in stock markets through mobile

Mumbai: In order to provide easy trading options to investors in the stock markets, the National Stock Exchange (NSE) plans to soon introduce trading through mobile phones, with the final guidelines expected in the coming months. "We had discussions with the regulator on security and other issues. We are ready with the set-up," said Ravi Narain, Chief Executive of NSE. 

According to Narain, NSE's 15-20 percent volumes came from internet trading and things could become more interesting once the Securities and Exchange Board of India (Sebi) allowed mobile trading. Sebi had proposed a draft framework for wireless trading in May 2009 and invited reactions. Sources said the industry feedback had been positive.

Recently, the Reserve Bank of India had issued revised guidelines on mobile banking that said banks might do transactions involving up to Rs. 50,000 per customer for both fund transfer and purchases of goods and services. Till now, these two transactions were subject to caps of Rs. 5,000 and Rs. 10,000, respectively. According to Sebi's proposal, brokers who provide internet-based trading are eligible to use wireless technology after getting approvals from stock exchanges.

Once Sebi approves mobile trading guidelines, the software will be vetted by stock exchanges. NSE currently has a list of empanelled vendors, including Omnesys and Religare Technova, for online trading. However, it is yet to set up empanelled vendors for mobile trading.

Soon, business leaders to take oath

Bangalore: Now, MBA graduates and entrepreneurs around the world are going to be asked to take a pledge similar to what school children take, aimed at instilling moral and ethical values in how business is done and how an enterprise is run, reports Times of India.

According to the people behind this initiative, it was the lack of such values that contributed, at least partially to the Great Recession of recent years. Drafted by the Harvard Business School in association with the forum of Young Global Leaders of the World Economic Forum (WEF), the oath is aimed to instill moral and ethical values in how business is done and how an enterprise is run. 

The Global Business Oath - or the Davos Oath, since it will be announced at the WEF meet in Davos later this month - comprises of two parts. One is the MBA Oath, which will be taken at B-Schools by graduating students to become responsible managers, similar to the Hippocratic oath for doctors. The second is the Business Oath, which will be taken by business leaders.

Though not binding in nature, business tycoons and aspiring business tycoons participating in WEF are said to have given their consent to take the oath. The 100 member strong forum of Young Global Leaders have all pledged their support to the initiative. That includes Suhas Gopinath, the 22 year old CEO of Globals, and the only Indian face on the forum. Globals is the platform partner of this initiative, and has designed and built the official oath website www.globalbusinessoath.org.