Hindi
FinMin approves Eros’ proposal for setting up LLP with Rs 50 lakh FDI
NEW DELHI: The Government has cleared Eros International Media’s proposal of setting up a Limited Liability Partnership (LLP). The approval followed recommendation of the Foreign Investments Promotion Board (FIBP) and will involve a foreign direct investment (FDI) of Rs 49.90 lakh.
The government cleared as many as 11 FDI proposals worth Rs 1,567.91 crore, including that of Eros International Media.
Additionally, approval was also granted to Amar Ujala Publications Limited for foreign shareholding in the company up to 26 per cent of the post issue paid up equity share capital pursuant to proposed initial public offering – issue of equity shares to FIIs/FPIs/NRIs and transfer of 26,90,234 shares by existing shareholders for an aggregate consideration of Rs 50 crore.
Meanwhile, the FIPB listed as a table item for approval a proposal by Today Magazines Lifestyle Private Limited for foreign investment of 49 per cent by Cooperative International Publications Holding through transfer and further issue for an aggregate consideration of Rs 6.17 crore.
The FIPB rejected the proposal by Bean Media Group Pty Ltd, which sought approval to set up a wholly owned subsidiary in India for publishing specialty magazines.
On the other hand, the Cabinet Committee on Economic Affairs (CCEA) will take a final call on Rs 13,200 crore FDI proposals of Sistema Shyam TeleServices and IIFL Holdings, which have been referred to it for consideration by FIPB. While Sistema Shyam TeleServices’ proposal is for FDI of Rs 10,000 crore, IIFL Holdings’s is that of Rs 3201.5 crore.
Hindi
Jio Studios, Sanjay Dutt team up to revive Khal Nayak
Rights acquired for new version, format under wraps as remake plans take shape.
MUMBAI: The villain is back and this time, he’s rewriting his own script. Jio Studios has partnered with Three Dimension Motion Pictures and Aspect Entertainment to revive the 1993 cult classic Khal Nayak, marking a fresh chapter for one of Bollywood’s most iconic anti-hero stories. The original film, directed by Subhash Ghai under Mukta Arts, was a commercial and cultural milestone, with Sanjay Dutt’s portrayal of Ballu becoming one of Hindi cinema’s most memorable performances.
Dutt, along with Aksha Kamboj, has now acquired the rights from the original creators, bringing on board Jio Studios and its President Jyoti Deshpande to steer the project creatively.
While the exact format whether remake, sequel, prequel, or a completely new narrative remains undisclosed, the collaboration aims to reinterpret the story for contemporary audiences while retaining the essence that made the original a defining film of the 1990s.
The move taps into a broader industry trend of reviving legacy intellectual property, particularly characters with strong recall value. “Khal Nayak” was notable for pushing mainstream Hindi cinema into morally grey territory at a time when heroes were largely one-dimensional, making Ballu’s character a standout.
The project also marks the film production debut of Aspect Entertainment, signalling a push towards more technology-led storytelling frameworks. Meanwhile, Jio Studios continues to expand its slate, having built a library of over 200 films and series, with more than 60 titles collectively winning 500-plus awards.
For Dutt, the revival is as much personal as it is strategic, a return to a role that reshaped his career. For the industry, it is another sign that nostalgia, when paired with scale, remains a powerful box-office proposition.
Because in Bollywood, some villains never fade, they just wait for the perfect comeback.
