It appeared to be recovering but the quarter has been a setback for theatre chain owner Pyramid Saimira, which reported a standalone net loss of Rs. 36.4 million, down 95.1% year ... Continue_Reading

Reliance Mediaworks Financials Reliance ADAG group’s Reliance Mediaworks, previously Adlabs, has reported a consolidated net loss of US$ 2.3 million for the quarter ending September 2009 better than the previous quarter loss ... Continue_Reading

BSE-listed Indian theatre chain owner Pyramid Saimira (PSTL)  informed the BSE that it will raise funds to the tune of $100 million via an international issue of securities including Foreign ... Continue_Reading

During the quarter, theatre chain owner Pyramid Saimira did not distribute any movies and though marketing was slightly profitable, operations were beset with collection delays. Its US subsidiary made losses ... Continue_Reading

DoT To Telcos: First Pay, Then Argue Seeking to curb the number of disputes logged with the Telecom Disputes Settlement & Appellate Tribunal (TDSAT), the Department of Telecom (DoT) is planning ... Continue_Reading

Market regulatory body SEBI has clamped down on primary promoter of struggling theatre retail firm Pyramid Saimira, PS Saminathan, for his alleged involvement in the forged open offer letter scam. Saminathan, ... Continue_Reading

Faced with the threat of bankruptcy, Pyramid Saimira is selling its subsidiary Aurona Technologies. Bollywood Hungama reports that the announcement will be in the next 10-15 days. No other information ... Continue_Reading

Production house Pyramid Saimira’s petition to the Madras High Court has been denied. The company wanted the court to direct the Income Tax department to release attachments to the tune ... Continue_Reading

(with inputs from Nikhil Pahwa) Pyramid Saimira is on a downward spiral, now informing the BSE that the board has decided to sell off stake in the subsidiaries. The group operates ... Continue_Reading

Pyramid Saimira will undergo massive restructuring soon – it is closing shutters of ‘unviable’ subsidiaries overseas and bringing the others under a single umbrella. The Indian entertainment multinational lost Rs ... Continue_Reading

Spize TV, the DTH company owned by the Pyramid Saimira group, has acquired WorldTV Europe, the European operations of GlobeCast World TV. Globecast is owned by France Telecom, and also ... Continue_Reading

Citing high inflation, slackening of demand for entertainment and constraints of margins in leisure industry, Pyramid Saimira is tightening its belt. The company, which has digital film distribution operations (details), has ... Continue_Reading