Kapoor family to sell iconic RK Studio, Kareena nostalgic
Mumbai, Aug 26 : Bollywood's iconic Kapoor family has collectively decided to sell the sprawling landmark RK Studio. Actress Kareena Kapoor Khan says she has fond memories of the studio, built by her late legendary grandfather Raj Kapoor.
Kareena, who has been under the weather for a few days, told IANS here: "I don't know how far what is actually happening. In fact, I have been quite under the weather and I haven't even met my father in the last four or five days... But of course, we have all grown up walking around in those corridors."
"I think it's probably something that the family has decided, so it's upto my fathers, his brothers and up to them... If that's what they have decided, so be it," added the actress on the sidelines of the Lakme Fashion Week, where she was the showstopper for the finale show.
The Kapoor family has taken the tough decision of selling the two acre RK Studio 70 years after it was established as it was not economically viable to rebuild it after it was gutted down in a fire last year.
Rishi Kapoor, in an interview to Mumbai Mirror on behalf of the family, said they were initially juggling with the idea of renovating the place with state-of-the-art technology, but the investment in rebuilding the studio would just not have yielded sufficient revenue to keep it going. He called it a "level headed decision".
In September last year, a major fire broke out on the sets of a dance reality show, leaving a section of the studio gutted.
R.K. Studio, the headquarters of the film production company R.K. Films, was founded and named after the Great Showman, Raj Kapoor, in 1948.
Its inaugural banner film "Aag" that year crashed at the box office, but the next year proved to be a good omen when its production "Barsaat" (1949), starring Raj Kapoor-Nargis was a superhit.
In fact, the company's logo was designed to reflect the poster of a scene from "Barsaat" and after that, the studio never looked back.
It had a string of successful black-and-white releases like "Awaara" (1951), "Boot Polish" (1954), "Shri 420" (1955), "Jaagte Raho" (1956).
Later, the studio was the venue for several other big ticket films like "Jis Desh Me Ganga Behti Hain" (1960), "Mera Naam Joker" (1970), "Bobby" (1973), the debut film for Rishi Kapoor and Dimple Kapadia, "Satyam Shivam Sundaram" (1978), "Prem Rog" (1982), "Ram Teri Ganga Maili" (1985), which was the founder-actor's last film before his death in June 1988.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
