Rajinikanth, Akshay Kumar's 2.0 Earns Rs 370 Crore Even Before its Release
New Delhi, Nov 24: Akshay Kumar, Rajinikanth starrer 2.0 is one of the most anticipated films of 2018. The film is touted as the most expensive Indian film ever made.
According to a report, the makers have pre-sold the digital and the satellite rights of all three versions of the film at a whopping amount of Rs. 370 crores. With this, the film has already recovered more than half of its production cost even before its release.
"While the distribution rights of Telangana/Andhra Pradesh, Kerala, Karnataka and Northern belt have already been sold to individual distributors, LYCA has retained the distribution rights of Tamil Nadu and Overseas. They have adopted the self-distribution model at these two major markets given the fact that the business potential is sky high," reported Bollywood Hungama.
The report also gave the breakdown of the recovery amount. Take a look:
Satellite Rights: Rs 120 crore (All Versions)
In his Tamil debut, Akshay will be playing the antagonist in the film, an unconventional scientist called Richard. Meanwhile, Rajinikanth will be returning as Vaseegaran and robot Chitti.
Directed by Shankar, 2.0 also features Adil Hussain, Sudhanshu Pandey and Amy Jackson in important roles. AR Rahman has composed the music for the film.
The film is slated to be released on November 29, this year.
Digital Rights: Rs 60 crore (All Versions)
North Belt Rights: Rs 80 crore (Advance Basis)
Andhra Pradesh/Telangana Rights: Rs 70 crore
Karnataka Rights: Rs 25 crore
Kerala Rights: Rs 15 crore
Total: Rs 370 crore
At Rs 543 crore, this sequel to Rajinikanth’s 2010 blockbuster film Robot is more expensive than several successful Hollywood VFX classics. Deadpool (2016) had originally cost only $58 million. Even X-Men(2000) was made in $75 million and Batman (1989) in $35 million.
Courtesy: www.news18.com
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KERC increases electricity tariffs for commercial, industrial consumers
Bengaluru (PTI): The Karnataka Electricity Regulatory Commission has reduced electricity tariffs for agricultural pump sets for 2025–26 from the earlier uniform rate of Rs 8.30 per unit to a range of Rs 6.57 to Rs 7.79 per unit across the state.
However, the Commission has increased tariffs for select commercial and industrial consumers by 10 paise to a maximum of 95 paise per unit.
As per the Commission’s order, the revised tariffs are as follows: LT-3a (low-tension commercial) consumers will pay a fixed charge of Rs 235 per kW and an energy charge of Rs 7.10 per unit, while LT-5 (industrial) consumers will be charged Rs 165 per HP as fixed charges and Rs 5.20 per unit as energy charges.
In the high-tension segment, HT-2a (industrial) consumers will pay a demand charge of Rs 365 per kVA and an energy charge of Rs 6.70 per unit, while HT-2b (commercial) consumers will pay Rs 390 per kVA as demand charges and Rs 6.90 per unit as energy charges.
The revised tariffs were notified in an order issued on March 3 after the Commission allowed a review petition filed by five state-run electricity supply companies—Bangalore Electricity Supply Company, Mangalore Electricity Supply Company, Chamundeshwari Electricity Supply Corporation, Hubli Electricity Supply Company and Gulbarga Electricity Supply Company.
The order, however, does not specify the date from which the revised tariffs will come into effect.
In its earlier tariff order dated March 27, 2025, the Commission had fixed the LT-4a tariff uniformly at Rs 8.30 per unit across all ESCOMs.
Consumers in the LT-4a category — primarily agricultural pump set users — are provided free power supply, with the state government reimbursing the cost through subsidies.
According to the order, the petitioners informed the Commission that despite the Government of Karnataka allocating Rs 16,021 crore towards subsidies for free power supply to LT-4a consumers, the ESCOMs would not be able to fully recover the cost of electricity supplied under the earlier tariff structure.
The Commission noted that this would leave distribution companies with no option but to demand payment of the balance amount from farmers, leading to “unexpected and undue hardship” for the agricultural community, which it described as the backbone of the state’s agricultural production.
The reduction in the LT-4a tariff would, however, result in a revenue shortfall of Rs 2,362.47 crore compared to the tariffs considered in the order under review.
Observing that it was necessary to safeguard farmers’ interests while ensuring that ESCOMs reasonably recover costs, the Commission said the review petition could be allowed under the provisions of the Code of Civil Procedure, 1908.
The petitioners informed the Commission that the Government of Karnataka has allocated an additional Rs 2,362.47 crore, supplementing the existing budgetary provision of Rs 16,021 crore, recognising that the entire financial burden should not be passed on to consumers and must be partially borne by the government.
The petitioners further stated that they will mobilise Rs 1,107.60 crore through miscellaneous revenue.
“The balance shortfall to be met by increasing tariffs for industrial and commercial consumers, amounting to Rs 1,254.88 crore, appears reasonable and justifiable,” the Commission added.
