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India Business News: MUMBAI: Tata Motors' move to cancel its DVR (differential voting rights) shares, which are trading at a discount to its ordinary shares, will cost the.

India’s largest multiplex operator PVR Cinemas suffered the underperformance of Bollywood and Hollywood releases in the September quarter, even though it clocked its “busiest day of 2022” during the period.

The PVR-INOX merger is all but done after a complaint made by an advocacy group was turned down by CCI. Analysts say the merger could be completed in 1-2 quarters to create a Rs 16,000-crore film exhibition giant.

Consolidated total income during the period under review stood at Rs 709.71 crore as against Rs 320.13 crore in the year-ago quarter, PVR added.

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The company reported a net loss of Rs 289.1 crore in Q4 against a loss of Rs 74.5 crore in the year-ago period. Revenue from operations stood at Rs 263.3 crore against Rs 662 crore, down 60.2 per cent year-on-year basis.