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on 2007/3/29 14:27:28

Bollywood's global success related to India's economic growth: Amitabh



Bollywood superstar Amitabh Bachchan feels that India's rapid economic stride is largely responsible for the recognition that Indian films are getting in foreign countries.

"India's economic progress is largely responsible for the Indian films getting recognised abroad. When the economy is doing well, everything connected with the country, its food, culture, colour, art and films get noticed," Bachchan said at a function in London in connection with the International Indian Film Academy (IIFA) Awards to be held in Yorkshire from June 7.

He said over the years, IIFA has grown in stature and it has become an occasion for celebration of Indian Cinema and meeting of minds.

"This year IIFA is going green, adopting the Global Cool campaign to create awareness of the effects of climate change and how to minimise it," he said.

Referring to the vast changes witnessed in the Indian cinema, the Bollywood superstar said: "We have become ambassadors of friendship and this year's IIFA awards assumes importance because the country is celebrating 60th year of its independence."

Speaking on the occasion, London's mayor Ken Livingstone said no country in the world could ignore the emergence of India.




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    Bollywood must keep innovating: Shekhar Kapur

    2006/10/20 6:42:10 The Indian media and entertainment industry must keep innovating itself as it has a bright future ahead, NRI film-maker Shekhar Kapur has said.

    "Innovation is very essential," Kapur said while speaking at a one-day meeting of India Media and Entertainment Forum organised by the Commonwealth Business Council (CBC) and FICCI here.

    Over 200 delegates from the UK and Indian media industry participated in the deliberations and explored possibilities of partnerships and Joint Ventures. Several experts felt that there was vast scope for India-British Joint Ventures in the field of animation films.

    A CBC spokeswoman told newsmen on Wednesday, that during the deliberations British investors expressed their willingness to invest in Bollywood films provided they corporatised and improved their governance.

    She said the Global Media and Entertainment industry is thriving and is projected to be worth $ 1.8 trillion by 2010. Following in these footsteps is the Indian Entertainment Industry which is witnessing phenomenal growth riding on the back of India's economic growth.

    The Indian industry stands at $ 4.5 billion today and is expected to grow in high double digits at 18 per cent per annum compounded annually over the next five years, to reach over $ 10 billion by 2009, she said.

    The largest contributor to this growth will be the television segment followed closely by the film segment.

    source:hindu

    Bollywood News : Bollywood must keep innovating: Shekhar Kapur


    Singapore forecasts up to 3 percent growth for 2012

    2011/11/21 19:08:21 Singapore, Nov 21 (IANS) The Singapore economy is expected to grow by 1 to 3 percent next year on weak external demand and sluggish global economy, the Ministry of Trade and Industry said Monday.

    "Global economic conditions are expected to remain subdued in 2012, with the outlook clouded by increased uncertainty and financial volatility," it said in a report on the performance of the economy.

    The forecast for the year 2011 remained unchanged at 5 percent, reported Xinhua.

    The ministry revised its reading of third-quarter economic growth to an annualised 1.9 percent on quarter-on-quarter basis, up from the initial estimate of 1.3 percent. The year-on-year growth for the quarter was 6.1 percent, up from 1 percent in the second quarter.

    The manufacturing sector expanded by 14.2 percent year on year and the construction sector grew by 0.3 percent. The wholesale and retail trade fell by 0.2 percent, mainly due to weak exports. The financial sector grew by 10.5 percent.

    The ministry said it expected the growth in the fourth quarter to weaken alongside deteriorating external macroeconomic conditions, with the weak electronics cluster likely to record low output and have a knock-on effect on precision engineering and wholesale trade.

    The biomedical manufacturing cluster is expected to see a pullback in growth following the strong surge in the third quarter. The financial services sector is also expected to moderate.

    Separate statistics released by trade promotion agency International Enterprise Singapore showed that the country's non-oil domestic exports in the third quarter shrank by 1.1 percent, following a growth of 1.9 percent in the second quarter.

    The non-oil domestic export growth for 2011 was downgraded to 2-3 percent from 6-7 percent, while total trade was downgraded to 8-9 percent from 9-10 percent.

    The non-oil domestic export growth forecast for 2012 was expected to be between 3-5 percent, while total trade was expected to grow by 3-5 percent, too.

    The impact of weak external demand is beginning to be seen recently, with the non-oil domestic exports falling by 16.2 percent in October, led by a plunge of 51 percent for exports to the US and 31 percent in exports to the European Union.

    Business : Singapore forecasts up to 3 percent growth for 2012


    IT spending in India to grow 9 percent by 2012 at $79.8

    2011/11/22 0:16:58 New Delhi, Nov 21 (IANS) Despite global economic challenges, enterprises will continue to invest in Information Technology (IT) with IT spending in India projected to grow 9.1 percent at $79.8 billion (Rs.4,154.79 billion) in 2012 against $71.1 billion in 2011, a study said Monday.

    "IT spending in India is projected to total $79.8 billion in 2012, a 9.1 percent increase from 2011 spending of $73.1 billion," said research and advisory firm Gartner Inc.

    According to the study, India is the ninth-largest economy in the world, and the pace of economic growth in India -- with a mild dip during the worldwide recession in late 2008 and 2009 -- has brought the role of IT into sharp focus within many enterprises.

    "India like other emerging markets continues exercising strong momentum despite inflationary pressures and appreciation of local currencies, which are expected in rising economies," it said.

    The study also forecasts that the worldwide IT spending will reach nearly $3.7 trillion in 2011. From this amount, emerging economies will account for $1.013 trillion.

    "Businesses are increasingly looking to IT to help support the challenges of enhancing customer support, supply chain management, optimizing business processes or helping drive innovation in the business," said Peter Sondergaard, senior vice president at Gartner and global head of Research.

    "These demands are being placed on IT in an environment in which the infrastructure (hardware and software) foundation of IT within many enterprises may not be entirely in place. IT is also in transition from being viewed as a back-office support function to a frontline business-focused function," he added.

    The telecommunications market is the largest IT segment in India with IT spending forecast to reach $54.7 billion in 2012, followed by the IT services market with spending of $11.1 billion.

    The computing hardware market in India is projected to reach $10.7 billion in 2012, and software spending will total $3.2 billion.

    The study said that the days when IT was the passive observer of the world are over as global politics and the global economy are being shaped by IT today.

    "IT is a primary driver of business growth. For example, this year 350 companies will each invest more than $1 billion in IT," said Sondergaard adding that two-thirds of chief executive officers (CEOs) believe IT will make a greater contribution to their industry in the next 10 years than any prior decades.

    "They are doing this because IT impacts their business performance," he added.

    Business : IT spending in India to grow 9 percent by 2012 at $79.8


    'Amitabh's contribution to global cinema'

    2011/10/20 13:50:29

    New Delhi, Oct 20 (IANS) Congratulating legendary Indian actor Amitabh Bachchan on receiving an honorary Australian doctorate, the country's High Commissioner to India Peter Varghese said Thursday the Bollywood star has made an "inestimable contribution to global cinema".

    Bachchan was Thursday awarded an honorary Australian doctorate by the Queensland University of Technology (QUT) for his outstanding contribution to creative industries over several decades.

    "I congratulate Bachchan on his honorary doctorate from QUT, an important academic institution in my home city of Brisbane," Varghese said.

    "Bachchan has made an inestimable contribution to global cinema and this prestigious award is a marker of the impact of his films in Australia," he added.

    "I want to thank Bachchan for his enormous contribution to global cinema. In accepting this award he will encourage the important cultural conversation between India and Australia," Varghese added.

    Bachchan was in Australia for director Baz Luhrman's latest production "The Great Gatsby" at Fox Studios in Sydney, alongside Leonardo Di Caprio, Tobey Maguire and Joel Edgerton.

    "Bollywood's popularity in Australia is growing, moving from niche to mainstream. When Aamir Khan launched his film 'Peepli Live' to a packed audience at the 2010 Melbourne International Film Festival, it was clear Bollywood had captured Australia's imagination," Varghese added.

    "The rise of Bollywood in Australia reflects the phenomenal growth that is taking place across the spectrum of the Australia-India relationship, from booming trade and investment to education links and two-way tourism.

    "Quite simply, our countries are becoming more important to, and interested in, each other. And cultural ties are a critical element of the convergence," he added.

    Varghese said they are soon staging a major festival in India next year, which will showcase contemporary Australian arts and culture.

    Bachchan is the second person to receive the honour. Infosys Technologies chief mentor Narayana Murthy was the first.

    Bachchan was to receive the doctorate in 2009, but declined due to attacks on Indian students in Victoria.

    Bollywood News : 'Amitabh's contribution to global cinema'


    US, Europe conditions worry India

    2011/10/27 17:48:41 India's growth story continues to ride on strong domestic demand but worrying signs are emerging due to Europe’s debt crisis and a faltering US recovery, according to a study that analysed second quarter results of 87 companies across various sectors.

    High interest rates have pushed up raw material costs. The demand for automotive components has declined and delays in government clearances continue to hold back fresh investments. Though exports to Europe and the United States have fallen, overall exports continue to be on upswing, the Eco Pulse study conducted by Associated Chambers of Commerce and Industry (Assocham).

    “Second quarterly results suggest healthy state of affairs currently for Indian corporates as emerging economies led by China and India continue to lead the world economic recovery. But fears of global financial contagion pulling down growth in developing countries are mounting. Global investors are taking flight for safety, causing anxiety in the markets,” the study said.

    In the financial sector, there are strong disbursements despite higher interest rates matched with healthy growth in other incomes.

    In the IT and ITes sector, there are no visible signs yet of immediate fall in business to Europe and the United States. Order books are healthy but prices have fallen or remain unchanged. Certain macroeconomic concerns related to Europe have though crept into minds of several corporates.

    Fast moving consumer goods (FMCG) firms are unable to pass on higher input costs to customers due to competitive market conditions, said the study. Automobiles, real estate and other industries could hold on to profits, though the margins are declining, the study said.

    Power companies have declared subdued results as production costs have gone up but revised tariffs are difficult to put into effect.

    Depreciating value of Indian rupee has imposed higher costs of imported intermediates and raised doubts among foreign investors about dollar returns on their investments, the study said. (INN)

    National News : US, Europe conditions worry India


    Rangarajan for RBI intervention to check rupee fall

    2011/11/19 18:30:45 Kolkata, Nov 19 (IANS) Former Reserve Bank of India (RBI) governor C. Rangarajan has called for the central bank's intervention to check the depreciation of rupee which has slumped to Rs.51.30 against the US dollar, the lowest in 32 months.

    "I think the RBI should intervene in the situation when volatility in exchange rate is high," the chairman of the Economic Advisory Council to Prime Minister Manmohan Singh said Friday.

    Rangarajan's comment comes after Subir Gokarn, deputy governor of the apex bank, in a television interview said that any attempt to control the falling rupee will be a "risky strategy" in the global economic scenario.

    "RBI has the responsibility in terms of reducing exchange rate volatility," Rangarajan said.

    Stating the global economic situation was not "encouraging", the renowned economist said he expected India's Gross Domestic Product (GDP) will be 7.5 percent to eight percent at the end of the current fiscal.

    He also said he expected the country's current account deficit to be about 2.7 percent of the GDP in FY12.

    Business : Rangarajan for RBI intervention to check rupee fall


    Sienna Miller, Big B team up against global warming

    2007/7/18 10:14:42

    British actress Sienna Miller teamed up with Bollywood star Amitabh Bachchan on Tuesday to urge Indians to do more to slow global warming.

    The actress met Bachchan in Mumbai on Tuesday at the start of a weeklong trip to India as an ambassador for Global Cool, an organization that spreads awareness about global warming. Miller said people could help by turning their air conditioners down by even one degree or by turning off phone chargers and other electronic equipment when it's not being used.

    "If each one of us does our bit, we will be helping to keep global warming from harming our countries," she said. Bachchan, India's biggest movie star, announced that the Indian International Film Academy would partner with Global Cool to increase knowledge about greenhouse gas emissions.

    "Carbon emissions will be huge from countries like India and China with growing populations and economy," said Bachchan. "It will be wise to start doing whatever we can to protect our planet." Miller, 25, acted in the films Casanova, Layer Cake and Alfie.

    Her on-and-off relationship with ex-fiance Jude Law, 34, made her an overnight celebrity. She reportedly broke off their engagement in 2005 after he publicly apologized for cheating following reports that he had a fling with the nanny of his three children.

    Bollywood News : Sienna Miller, Big B team up against global warming


    Tulasi ridicules opposition charges on growth rate

    2011/6/24 19:17:16 20-Point Economic Programme Chairman N Tulasi Reddy on Friday ridiculed the opposition's criticism that the growth rate and administration has become static and is below expectations.

    Dr Tulasi Reddy detailed media persons at the Secretariat on Friday that what the N Kiran Kumar Reddy government has achieved in terms of growth rate was a litmus test to his rule.
    Over last year's growth rate which was 8.55 per cent, this year it registered an increase to 9.22 per cent. In agriculture, the growth rate stood at 9.1 per cent this year while the National rate was 6.61 per cent, the Economic Programme Chairman claimed.

    He continued, On the industrial front, AP registered a growth of 8.45 per cent while the corresponding figure for National level was 7.87 per cent, and in the services sector state has 9.64 per cent while the National figure was 9.38 per cent.
    Dr Tulasi Reddy further pointed out that the per capita income for AP has been raised by 18.49 per cent during 2010-2011 as compared to the past two years.
    He appealed to the opposition not to underestimate the N Kiran Kumar Reddy rule but make estimations over the rule in terms of the data/facts available.(INN)

    Andhra News : Tulasi ridicules opposition charges on growth rate


    UPA planning to hike interest rates: Rambhatla

    2011/10/27 15:10:22 Telugu Desam Party leader Sudeesh Rambhatla on Thursday stated that the Central Government was planning to hike interest rates to contain inflation. He said such a move increase further burden on the common man.

    In a statement, Sudeesh Rambhatla said that the UPA government has increased the interest rates by 13 times in the last 20 months which had driven the farmers and the common man into huge debt trap.

    “The UPA government is continuously misleading the people with false projections of inflation at 5.5 percent all these years and even this year they were not able to maintain the inflationary trends below 6 percent,” he pointed out. He said that contrary to global trends of reducing the interest rates as a prerequisite to economic growth and industrial production as in Singapore, Brazil and Indonesia, India was on the reverse gear.

    The TDP leader said that it was a shame that the country was exposed to such economic and financial crisis in spite of having a noted economist Dr Manmohan Singh as the Prime Minister. (INN)

    National News : UPA planning to hike interest rates: Rambhatla


    Discourage dynasty politics in India: JP

    2011/8/14 19:52:05 Greeting Indians the world over on the eve of the Independence Day, Lok Satta Party President Dr. Jayaprakash Narayan said India has ensured freedom and peaceful transition of power, and stable economic growth after 20 years of economic reforms.

    In a message, Lok Satta party President said Indians can full fill its destiny by 2022, the 75th year of Independence, if the society and polity display the requisite will and skill to bring about accountability in governance, ensure participation of citizens in exercise of power, and create growth opportunities to all.

    Dr. JP pointed out that lack of accountability in governance and polity is one of our conspicuous failings. The recent yearnings for a strong, independent Lokpal / Lokayukta mechanism are borne out of ordinary citizens despair over lack of accountability. The second failing is exercise of power by a privileged few. The need of the hour is dispersal of power both horizontally and vertically. People should have control over their destiny. The third failing is denial of growth opportunities every child. The opportunities are now open only to those with the privileges of birth and wealth. The nation can endure only when all its citizens are freed from bondage of oppression and poverty.

    Dr. JP said we should put an end to evils like political dynasty, monumental corruption, centralization of power, neglect of agriculture and the attitude of might is right .He appealed to all Indians to transcend narrow barriers of caste and religion, region and language and recognize that all of us are Indians first. (INN)

    Andhra News : Discourage dynasty politics in India: JP


    Madhuri fan asks for Bollywood train

    2006/6/25 14:44:28

    Pappu Sardar, a die-hard fan of screen diva Madhuri Dixit who has been celebrating her birthday in a big way for the past one decade, has appealed to Railway Minister Lalu Prasad to introduce a 'Bollywood Express' in recognition of the film industry's contribution to the country's economic growth.

    Pappu distributes sweets among 3000 people on his favourite actor's birthday on May 15 every year and this time to stress his point had a 30-pound cake in the shape of a train made.

    "In my letter to Laluji I have pointed out that Bollywood, the biggest film industry in Asia, has been playing a major role in the country's economic growth by generating revenue and providing employment to hundreds of families but has not been given its due recognition.

    Bollywood has also earned the country many accolades in the international level and the train would be a tribute to legendary like Dada Saheb Phalke," he said.

    Prasad, he said, is not only famous in the political circles of the country but is like a Bollywood 'superstar.'

    Asked why he was for a Tata-Mumbai train when there were already several which link the two, he said he had made the demand as several present-day actors like Priyanka Chopra, R Madhavan and Tanushree Dutta hail from this city.

    "But I have no problems if the train starts from elsewhere so long it is called Bollywood Express and goes to Mumbai," he said.

    source:hindusthantimes

    Bollywood News : Madhuri fan asks for Bollywood train


    Chipmaker AMD to cut workforce

    2011/11/4 11:13:43 (IANS) Computer chipmaker Advanced Micro Devices Inc. (AMD) said it plans to cut its global workforce by about 10 percent in a move to reduce operational costs.

    The layoff will occur across all functions globally and is expected to be completed by the end of the first quarter of 2012, the company said Thursday.

    The cuts will amount to about 1,400 jobs, according to estimates by analysts.

    Combined with implementing efficiencies across the company's operations, AMD expected that the workforce reduction will result in operational savings of more than $200 million in 2012, reported Xinhua.

    "Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," Rory Read, AMD's chief executive officer, said in a statement.

    As the world's second largest maker of processors for computers, AMD has been suffering from the slowdown of global PC market and is seen as slow to move into new mobile device market.

    The operational savings will help accelerate the company's future growth in emerging markets and in the cloud computing field, AMD said.

    National News : Chipmaker AMD to cut workforce


    Post offices to provide visa services

    2011/9/2 13:10:48 Visa related services will soon be available in post offices -- in remote areas.

    India Post Friday said it has signed an agreement with VFS Global to provide the services. VFS Global is a leading outsourcing firm providing administrative functions for diplomatic missions across the world.

    The agreement was signed Aug 8.

    Under the pact, post office counters will be used for fee collection, sell visa application forms, provide information and other services.

    India Post and VFS Global are also planning to cooperate in utilizing India Post?s courier service, Speed Post for moving passports to VFS offices and embassies, and their delivery back to the applicants.

    Currently people from smaller cities and rural areas travel long distances to avail passport and visa services.

    Lack of information is a major area of concern as this allows unscrupulous elements to cheat unsuspecting people.
    (IANS)

    National News : Post offices to provide visa services


    Gold prices continue to skyrocket

    2011/8/9 19:03:31 The prices of gold continued to rise further, soaring to new record levels of Rs 26,260 per 10 grams of 99.9 per cent purity on Tuesday.

    The price of standard gold of 22 carat purity reached Rs 25,620 in the city, according to a city jeweler.

    The price of the yellow metal has been steadily rising in the past one and a half years, but has zoomed recently on the back of global investor fears and the ongoing marriage and festive season.

    Fears over the downgrading of the United States credit rating by the Standard and Poors are also said to be the reason behind the investors fears. The downgrading of the US economy may possibly slow down the economic growth globally and investors deem it prudent to invest in the yellow metal.(INN)

    Andhra News : Gold prices continue to skyrocket


    Europe crisis can affect Indian economy: Pranab

    2011/11/14 1:10:27 Kolkata, Nov 13 (IANS) Emphasising that he will not hesitate to take harsh measures to control sovereign debt and fiscal deficit of the country, union Finance Minister Pranab Mukherjee Sunday said the financial crisis in Europe is likely to affect the Indian economy.

    He also said that taking into account the current global economic scenario, the Gross Domestic Product (GDP) growth rate will be less than the targeted nine percent at the end of this fiscal.

    "I am worried and disturbed because I do not want the situation where sovereign debt would be too high and fiscal deficit unmanageable," Mukherjee said at a programme organised by industry body Assocham here.

    He said the financial crisis in Europe was likely to create adverse impact on the country's economy.

    "The lesson we can draw from the experiences in Europe is that leaving the golden path of fiscal regulation and control will not help the existing economy, particularly the economy of big countries like India," he said.

    "We have to come back to fiscal consolidation," he stated. "We have to be taught... and I can assure you that as a finance minister, I will not hesitate to take the taught decisions at an appropriate time," Mukherjee said.

    Business : Europe crisis can affect Indian economy: Pranab


    Yorkshire gets ready to host Bollywood extravaganza

    2007/6/7 12:40:22

    Yorkshire is all set to witness the glitz and glam of Bollywood as movie stars led by Bollywood mega superstar Amitabh Bachchan started arriving at the British county to attend the eighth International Indian Film Academy awards (IIFA), which kicks off today.

    There will be 50 IIFA-related events in Leeds, Sheffield, Bradford, York and Hull during the four-day extravaganza, with an estimated 500 Bollywood personalities expected to participate, according to Sabbas Joseph, director of Wizcraft, which is managing the show.

    Judith Donovan, chairman of the Yorkshire Tourist Board, said she expected 28,000 extra tourists, half of them from overseas, to visit Yorkshire during the event, which is likely to be watched on television by some 500 million people worldwide.

    "The sheer scale, height, glam, glitz is just going to be mind-blowing," Donovan, who returned recently from a trip to India aimed at promoting Yorkshire's heritent to the Oscars, at Sheffield's Hallam FM Arena on Saturday, which will see in attendance the likes of Bachchan along with son Abhishek Bachchan and his gorgeous wife Aishwarya Rai .

    Other top Bollywood stars expected to walk the red carpet include Ajay Devgan and Kajol , Salman Khan , John Abraham and Bipasha Basu , Shilpa Shetty , Hrithik Roshan , Rani Mukherjee , Saif Ali Khan , Konkona Sen Sharma , Rakyesh Omprakash Mehra , Yash Chopra , Karan Johar , Priyanka Chopra , Javed Akhtar , Shabana Azmi , Rituparno Ghosh and Govinda .

    Also, a "Global Business Forum" will be held on Thursday where delegates from Yorkshire Forward and the Federation of Indian Chambers of Commerce (FICCI) will meet at the Royal Armouries at Leeds.

    A Memorandum of Understanding is expected to be signed, stipulating how Yorkshire could meet India's 160 billion pounds infrastructure requirements by 2012, especially in the field of clean energy, and the right areas for inward Indian investment in the Yorkshire and Humber region.

    "There are huge commercial opportunities for our financial services, our environmental companies and others.

    The principal reason is an economic one about building long-term relationships between Yorkshire Forward and FICCI," said Riordan, CEO of Yorkshire Forward.

    The county is also keen to use IIFA to boost tourism and persuade Bollywood to shoot a big film entirely on location.

    "Visit Britain has strategically identified India and China as the two long-term developing markets for overseas tourists to come to Britain," Donovan said.

    An Indo-British film treaty is being pursued by Britain's Culture Secretary Tessa Jowell, while Amit Mitra, FICCI Secretary General, sees immediate prospects for partnerships in three fields -- animation, gaming and special effects -- which are expanding rapidly in India because of the country's strength in software.

    "A digital revolution is under way in India in the entertainment sector," Mitra said. "There can be joint ventures in this because there is synergy with British companies - an Indian animator can tie up with a British animator."


    Bollywood News : Yorkshire gets ready to host Bollywood extravaganza


    Kareena unveiled at Tussauds

    2011/10/27 20:36:38

    New Delhi, Oct 27 (IANS) Bollywood actress Kareena Kapoor Thursday unveiled her wax statue at the Madame Tussauds museum in Blackpool, Britain.

    "It is an honour and a privilege for me to have my own wax figure at Madame Tussauds Blackpool and even more so to launch a global Bollywood exhibition. This is a moment of pride for the Indian cinema," Kareena said in a statement.

    It took four months to create the wax statue, which cost 150,000 pounds.

    "The figure looks incredible and is so life-like. I had to do a double take when I saw myself - they have really done a superb job at capturing my essence," she added.

    The unveiling of Kareena's wax figure also flagged off a global exhibition, where the statues of Bollywood stars will be taken to six major cities around the world to be exhibited, before they are brought back to Blackpool in January next year.

    Shah Rukh Khan, Hrithik Roshan, Amitabh Bachchan and Aishwarya Rai too have their wax figures in Tussauds'.

    Bollywood News : Kareena unveiled at Tussauds


    Immortal 'Awara' leads Bollywood's global appeal

    2007/5/10 13:39:01

    Indian cinema has emerged as a major cultural product not only among the Indian diaspora but also in countries that did not have a significant presence of Indians, according to experts at a special event at the University of St Andrews, Scotland.

    Film experts studying the cultural impact of Indian films around the world believe that Raj Kapoor's 1951 film 'Awaara' could turn out to be one of the world's most popular works of cinema.

    Leading experts at the University's Centre for Film Studies spoke to students about the growing importance of Indian film in studies of transnational cinema and covered issues related to the teaching of Indian cinema at British universities.

    The university's library holds one of the best collections of Indian films in the UK.

    Head of Film Studies at St Andrews, Professor Dina Iordanova, said, 'India is the world's largest film producer, with an annual output of between 800 and 900 titles. It is only recently, however, that the economic importance of Indian cinema has been recognised, and there is a growing interest in investing in Indian cinema.'

    The Indian study day covered the history of Indian cinema from early silent films to recent Bollywood blockbusters. The first Indian film, 'Raja Harishchandra', was made in 1913 and the film industry's biggest historical star Dadasaheb Phalke, who made more than 90 films, is considered to be 'the father of Indian cinema'.

    Iordanova added: 'Film is extremely important not just in India but in Indian diasporic communities around the world (North America, Europe, the Arab world, Australasia) where it is very successful and brings great box office revenues.

    'There are also many countries without any significant presence of diasporic Indians where Indian cinema is the most popular form of cinematic entertainment. This is true for a large part of the African continent, and, historically, for countries as diverse as the Soviet Union, Turkey, Greece or Egypt.

    'And in the UK there are currently at least two Bollywood blockbusters per annum which get into the top 10 box office charts.'

    The event included illustrated talks on classical director/actor Guru Dutt, on narrative conventions in Indian cinema and on the international distribution and impact of Indian film.

    Speakers included academics from Film Studies and the University's School of History, and Rosie Thomas from the University of Westminster, who is one of the leading international authorities on Indian cinema. She spoke on popular Indian cinema from the 1930s and in particular about a famous film star called 'fearless Nadia'.

    Iordanova believes that 'Awaara' has enjoyed more transnational success than any other film over a prolonged period of time. It is difficult to think of any other film from the 1950s that was seen in so many countries and was as widely acclaimed as 'Awaara'.

    'Most film history books analysed other films and mentioned 'Awaara' only in passing, yet I cannot think of any other film from that period that would have enjoyed such popular success transnationally. Indeed, during those key periods, songs from Indian films were huge hits in many other countries'.

    Growing up in Bulgaria, Iordanova remembers regularly seeing Indian films as a child. She said: 'I knew Indian films long before I had met any living Indian. We knew next to nothing of India and the Indians.

    'However, the fascination with a film like 'Awaara' was everlasting; everybody knew Raj Kapoor's ever-singing dancing persona. Nothing could match up to the experience of watching 'Awaara'; this film was more fascinating than any other I can remember.

    'Even though repeat viewing is not typical for the cinema going practices of Bulgarians, many admit that they have seen 'Awaara' numerous times. Why such fascination? It was the candid praise of love and affection in the Indian movies that was truly enchanting for us... 'Awaara' remains a truly enduring global hit, yet one that is understudied and under-researched.'

    Bollywood News : Immortal 'Awara' leads Bollywood's global appeal


    Mayor to fly economy class for Asia Pacific summit

    2011/7/2 20:01:13 Mayor Banda Karthika Reddy, Deputy Mayor Jaffer Hussain, accompanied by GHMC secretary and 10 members of the FAPCCI will travel economy class when they fly to Australia to take part in the Asia-Pacific Cities Summit to be held in Brisbane from July 6 to July 8.

    The reason behind the Mayor and her fellow-travelers opting to fly economy class is said to be that the government has sanctioned a paltry Rs 4 lakh for their trip.

    While in Australia the Mayor is expected to sign a sister-cities agreement with her Brisbane counterpart.

    Ms Karthika Reddy will stay in Australia till July 11.

    Besides the delegation from Hyderabad, Delhi Chief Minister Sheila Dixit is the only person from the country to take part in the summit.

    In a letter to the media, Ms Karthika Reddy said that the Lord Mayor of Brisbane had honored her by inviting her to attend the Biennial Asia Pacific Cities Summit (APCS).

    The summit will help to drive business opportunities and economic growth through international trade and investment for Brisbane; South East Queensland and the wider Asia Pacifc Region which includes India, the Mayor said.

    She added that she would take the opportunity as a privilege to represent Hyderabad city in capacity of Mayor; for such a prestigious civic forum as APCS which is Asia Pacific regions premier international businesses.

    The Summit is to be hosted by world renowned speakers and case studies incorporating sustainability, connectivity and managing the cities repaid growth.

    Ms Karthika Reddy further said that by attending the summit, her team will have the opportunity to learn about the latest trends/challenges for cities, to meet international business leaders and government decision-makers, expand international networks, increase business growth, trade and investment opportunities , forge partnership with international business and government agencies, raise the Corporations profile, interact with the Mayors, Deputy Mayors, Civic CEOs Councilors.

    She added that more than 1000 civic delegates from 100 global cities will attend the summit.(INN)

    Andhra News : Mayor to fly economy class for Asia Pacific summit


    Yorkshire wins bid for Bollywood

    2006/6/16 21:03:12

    Yorkshire has beaten off global competition for the right to host the Bollywood equivalent of the Oscars.

    The region will welcome some of the biggest stars of Indian cinema as it hosts the eighth International Indian Film Academy (IIFA) Awards in 2007.

    The announcement was made during this year's star-studded event in Dubai.

    The success of the Yorkshire Tourist Board's bid, called "Yorkshire - love at first sight", is expected to attract more than 28,000 visitors.

    Global following

    The celebration traditionally takes place in June and kicks off with a red carpet event for the biggest names in Indian cinema and the world premiere of the year's biggest Bollywood epic.

    Previously hosted by Johannesburg and Singapore, the four-day event is likely to attract Bollywood legends such as Shah Rukh Khan, Amitabh Bachchan and Aishwarya Rai - star of the 2004 hit film Bride and Prejudice.

    Bollywood as a film industry is twice the size of Hollywood and has a global following of millions, with a successful production being watched by anything up to 3.2bn people worldwide.

    The Yorkshire Tourist Board said IIFA was impressed by the region's countryside, sense of history, warmth of welcome and the committed partnership approach of the five cites involved - Bradford, Leeds, Sheffield, York and Hull.

    'Major coup'

    Councillor Mark Harris, leader of Leeds City Council, said: "This is fantastic news for Leeds and for the whole region.

    "The IIFA awards are a huge international event which attracts Bollywood stars who have more fans than many major Hollywood actors.

    "Winning the right to stage the IIFA awards is a major coup and will showcase our beautiful region to a whole new audience of film producers, fans and international media.

    "Leeds is proud to be part of this high-profile event and we will be extending a warm Yorkshire welcome to everyone who attends."

    source:BBC

    Bollywood News : Yorkshire wins bid for Bollywood


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