Live · Global · Independent
Live Feeds
PinkVilla
Forbes
NDTV
Hindustan Times
Devara Part 1 Day 1 India Box Office Estimates: Jr NTR, Janhvi Kapoor and Saif Ali Khan starrer opens with STAGGERING collections of Rs 90 crore
onmynews.com

Devara Part 1 Day 1 India Box Office Estimates: Jr NTR, Janhvi Kapoor and Saif Ali Khan starrer opens with STAGGERING collections of Rs 90 crore

Devara Part 1 directed by Koratala Siva and starring Jr NTR, Saif Ali Khan and Janhvi Kapoor took a thundering start at the box office in India on its opening day. As per estimates, the sea-adventure movie led by Jr NTR has collected between Rs 85-90 crore gross in India on day 1. More clarity on the numbers will be possible to be given the next morning. These numbers are simply phenomenal and what makes it an even greater achievement is the fact that around 75 percent of the film’s collections are coming from the two Andhra states.

Devara Takes A Day 1 India Opening Of Rs 85-90 Crore For The Opening Day

Devara Part 1‘s day 1 APTS estimates are at Rs 65 crore. Karnataka is the second best performer for the movie on the first day with collections of Rs 10 crore. The combined Tamil Nadu and Kerala gross is at an underwhelming Rs 2.75 crore. North India has contributed Rs 10 crore of which around Rs 8.50 crore gross is from the Hindi version. The Hindi collections can be termed as decent. However, it is much more than what was expected from the movie seeing the final advance, last night. The film is sold on an advance commission basis for its Hindi version. It needs to justify the rights by netting Rs 100 crore. For the movie to net Rs 100 crore, it will have to not just see exponential growth over the weekend but also hold at day 1 levels on first Monday.

Devara Part 1 Will Have To Click With The Hindi Audience In A Big Way

The Jr NTR star vehicle is looking at a global opening day of around Rs 125-130 crore, depending on where the final day 1 APTS collections land. The film’s word of mouth is on the mixed side but with day 1 recoveries so huge, it can reach the breakeven point if it holds decently over the next few days. More than the film breaking even, the makers will want that their film strikes a chord with the Hindi audiences because the sequel potential of a film that clicks with the Hindi speaking audience is immense. Pushpa: The Rise, which opened to collections of slightly over Rs 3 crore in Hindi may have its sequel open to a number of more than Rs 60 crore net.

Here is a territorial break-up of Devara Part 1’s Day 1 India Collections

APTS – Rs 65 crore

Karnataka – Rs 10 crore

Tamil Nadu and Kerala – Rs 2.75 crore

North India – Rs 10 crore

Total = Rs 87.75 crore 

Watch The Devara Part 1 Trailer

About Devara Part 1

Devara: Part 1 starring Jr NTR in the lead role, tells the story of a man who is both feared and respected across four villages in a coastal region known as Devara. The movie follows his journey as a dacoit and how he eventually turns against crime, becoming an urban legend.

Due to his fearsome reputation, other villagers hesitate to engage in crime, while several adversaries struggle to regain control. Amidst this, his son Vara tries to build a life for himself, standing in stark contrast to his father’s persona and legacy.

The remainder of the film revolves around Devara’s opponents as they attempt to subdue him and diminish his legendary status, while the enigmatic figure hides among them, ready to defend his position.

Devara Part 1 In Theatres

Devara Part 1 plays at a theatre near you, now. Have you watched the movie yet? If yes, what are your thoughts on it?

ALSO READ: Devara Movie Review: Jr NTR, Saif Ali Khan starrer is a violent action fairytale that loses momentum due to subpar execution

Read full article
Chandrababu Naidu vs Jagan Reddy Over Cancelled Tirupati Temple Visit
onmynews.com

Chandrababu Naidu vs Jagan Reddy Over Cancelled Tirupati Temple Visit

Andhra Pradesh Chief Minister Chandrababu Naidu has hit back at YSR Congress president Jagan Mohan Reddy for claiming his government obstructed his visit to Tirumala. “He is spreading lies,” said Mr Naidu, adding no notices had been served to his predecessor blocking his temple visit. “Did anyone stop you from going? Show the notice if you have, to the media. Why are you spreading lies,” he lashed out.

Mr Reddy had said that all his party cadres and leaders were issued a notice that no permission had been given for the temple visit. His statement came after Mr Naidu’s TDP and its ally BJP demanded that Mr Reddy sign a declaration meant for non-Hindus before visiting the temple.

According to the rules of the Tirumala Tirupati Devasthanams, which manages the popular temple, foreigners and non-Hindus should declare their reverence for the presiding deity at the hill shrine, Lord Venkateswara, before their visit. However, faith declaration signboards have recently sprung up in Tirumala.

Addressing a pressing conference, the Chief Minister scaled up his attack on Mr Reddy, deepening the row that was triggered by his claim that animal fat was used to make laddoos which are offered as ‘prasad’ at the shrine during the previous YSRCP regime.

“People in public life should follow the traditions and do what needs to be done. Every religion has certain traditions. If you want to visit a place of worship, you need to respect those traditions. No one is above those beliefs and traditions. No one should disrespect the traditions of the gods and beliefs of the devotees and you can’t act in a manner that is humiliating to both,” Mr Naidu said.

Mr Reddy defended his proposed visit without signing a declaration, saying everyone in the country knows his religion and that he had visited Tirumala temple several times even before becoming the Chief Minister. He said though he reads the Bible within four walls, he respects Islam, Hinduism and Sikhism.

Pointing to the recent controversy sparked by his claim that the famed laddoos were made with adulterated ghee, Mr Naidu said, “Hindu sentiments have been hurt, and devotees are reportedly organising protests. If he visits Tirumala, these groups have indicated they will mobilize as well. Police are on duty to maintain peace and order. Why is he spreading false information on this issue? Every religion has traditions and principles that deserve respect.”

Last week, Mr Naidu alleged the use of substandard ghee and the presence of animal fat in the laddoos.

Mr Reddy retorted that Mr Naidu brought up the laddoo issue “to divert failures of his (Chandrababu Naidu) 100 days rule”. “To cover up his failures on the laddoo issue, he came up with the faith declaration issue. He intentionally planted seeds of doubts on the Laddu quality,” he said.

Read full article
“Ours Is An Airline That Refuses To Die”: SpiceJet Chief On Turnaround Plans
onmynews.com

“Ours Is An Airline That Refuses To Die”: SpiceJet Chief On Turnaround Plans

After its successful turnaround in 2015, SpiceJet is trying to pull off another comeback and its efforts have got a fillip with a successful fundraise of Rs 3,000 crore. The airline’s Chairman and Managing Director Ajay Singh said the airline wants to quadruple its current planes in the air from 25 to its 2019 strength of 100 in the next two years. 

In an exclusive interview with NDTV Profit on Friday, Mr Singh also said 150 staff members who were sent on furlough last month will be back on the rolls as SpiceJet expands and that the airline has cleared the pending salaries of its employees as well as its GST dues.

To a question on what the airline’s priorities are with the Rs 3,000 crore it has raised, Mr Singh said, “The primary use of the raise is to increase capacity – from the current 25 aircraft back to 100 aircraft in the next two years. We were already a close-to-100 aircraft airline in 2019. Of course, another objective of the raise is to clean up the balance sheet and clear up what is due with our partners who are owed money primarily for the period when the aircraft were not flying during Covid and during the grounding of the MAX (Boeing 737 MAX) aircraft in 2019 and for three years thereupon.”

Stating that the idea is to have the space and the strength to scale up, Mr Singh pointed out that  India is a market that is “absolutely booming” and only 5-6 crore people fly in the country against a population of 140 crore. 

“SpiceJet knows how to do this. It has been an airline which has been around for 18-19 years and has flown with very high occupancy and a great deal of success. We brought about a turnaround in 2015 which was most unexpected and the envy of many. We feel that we are in a better position to bring about another turnaround here. SpiceJet already has all the experience and infrastructure to be a 100-aircraft airline,” he said.

Reviving Existing Aircraft

Mr Singh said Rs 800 crore from the fundraise has been earmarked for the revival of about 30 aircraft that are “sitting on the ground”. 

“Remember, aircraft are difficult to come by in the global aviation market at this point in time. SpiceJet has this great advantage that we have about 30 aircraft which are just sitting on the ground, which need some capital to put them back in the air. So that’s the first objective,” he said, adding that the plan is to be a 40-aircraft airline by next year and then target 100 aircraft. 

“People have said so many times that SpiceJet will not survive. This is an airline that refuses to die. We will not die and we will be a vibrant player in the Indian aviation space again,” he added.

Of the remaining amount, Rs 1,400 crore will go towards paying dues, Mr Singh said, adding that the pending salaries of all employees have already been cleared. 

Furloughed Employees

To a question on the 150 employees furloughed by SpiceJet last month, Mr Singh said they will be brought back as the airline expands.

“These are wonderful people who we have trained. By the way, SpiceJet was perhaps the only airline that actually kept the entire staff during Covid because we felt that they would have absolutely nowhere to go if we were to let them go. So we are very conscious of the fact that we need to get them back on the rolls as soon as possible. And as we scale up and we roll out this pretty ambitious plan, of course all the crew and all that staff has to come back,” he said. 

Secondary market

Mr Singh said the current fundraise will be enough to get to the plan of having 100 aircraft by 2026. He said the airline has taken some deliveries from Boeing and 35-40 planes will come from the secondary market. 

Asked about the market share that the airline is targeting, the SpiceJet CMD said that will come as the number of planes in operation increases. He also pointed out that SpiceJet had a market share of 20% in 2019. 

“But I think a healthy industry requires multiple players. The duopoly that exists today is perhaps not the best thing to happen either for consumers or the industry. And not just SpiceJet, I would wish other players the best as well and I hope that we can have multiple players in the system. We need to ensure that the industry remains healthy. And, for that, it’s important that we bring down the cost of regulation, in terms of the taxes that have been charged, the complexity of the system, et cetera,” he said. 

“We need to address those issues. And we need to address the issue that India has been one of the lowest yield markets, which has improved over the last two years. I think it’s important that airlines are going to be profitable so that they can use the profits towards the growth that the Indian market needs,” he added.

Mr Singh said SpiceJet sees a clear path to profitability because it has been spending a lot on its grounded fleet, and as those planes get back in the air, the fixed cost will come down.

“You will see profitability come quite quickly,” he asserted.

Read full article
Link copied!