Mitsubishi sets to grow South Asian
Mitsubishi Motors joined the Renault-Nissan alliance a year and a half ago in the aftermath of a scandal involving rigged fuel-economy data. If it is to play a prominent role in the alliance, the company needs to continue growing in the Southeast Asian market, where its French and Japanese partners have struggled to compete.
The company’s Thai unit, which was founded in 1987, on June 4 marked the cumulative production of 5 million vehicles. “Our Southeast Asian business is a weapon enabling us to contribute to the tripartite alliance,” said Osamu Masuko, CEO of the Japanese automaker. “We will take the initiative in expanding operations in this region.”
The Xpander minivan released in September has been a huge hit in Indonesia. Designed to look like a sport utility vehicle but with three rows of seats, the model is expected to help the automaker more than double its sales in the country to 137,000 units in fiscal 2018 from fiscal 2016.
Carnival Cinemas to lead Maharashtra region with 47 properties
Executed a strategic tie-up deal with Pune based cinema chain ‘E-Square’ 
35 new screens to come in next 3 months organically
6th June, 2018, Maharashtra: One of India’s leading and fastest growing national multiplex chain, Carnival Cinemas led by Dr. Shrikant Bhasi has executed a strategic tie up with E-Square Cinemas. In a bid to provide the best-in-cinema experience coupled with state-of-the-art technology, Carnival Cinemas will acquire 37 operational screens of E Square Cinema chain in June 2018. Previously Carnival had 106 screens in 35 properties in Maharashtra. E-Square Cinemas operates in Maharashtra: Pune, Pimpri, Aurangabad, Beed, Ahmednagar, Solapur, Latur, Parbhani, Yavatmal, Nanded under – Owned, Leased and Franchised Models.
Dr Shrikant Bhasi, Chairman and Founder, Carnival Group said, “Carnival Cinemas will be strengthening its presence in Maharashtra with these added locations. Now Carnival will have the maximum number of properties i.e. 47 in Maharashtra with 143 screens with this deal and 4 more screens shall be opened in Pune at Spine Mall by the end of this month. For Maharashtra we have some aggressive expansion plans in pipeline. We have recently opened new properties in Beed, Baramati and completely renovated and upgraded the properties in Mumbai, Nashik, Pune and outside Maharashtra also. Carnival now has a larger audience and a bigger stage to adopt new technologies and initiatives including plush power-recliner seats, enhanced food and beverage choices and premium large format screens.”
Mr Hemant Panchamia, Managing Director, E-SQUARE said “Carnival Cinemas is a fast growing multiplex chain, with a well-established presence pan India. We found a perfect synergy by associating with Carnival Group and look forward to closely working with them for further expansion of their Multiplex Business.”
About Carnival Cinemas:
With its rapid expansion across India, Carnival Cinemas continues to be India’s fastest growing multiplex chain and have now the distinct honour of becoming the first ever cinema group to reach a remarkable milestone of being present in 120 cities across India. Carnival Cinemas is now spread across 20 states with over 162 properties and a total of 470 screens in the country with lavish interiors, luxurious seating arrangements, a wide selection of F&B and the best-in-class services at affordable prices. Carnival Cinemas entertains over 50 million patrons annually and has a total seating capacity of over 1,50,000. Carnival Cinemas has recently forayed into the overseas market with the commencement of operations in Singapore and has 8 screens there.
In India, its footprints are present in prominent states like Maharashtra, Delhi NCR, Gujarat, Andhra Pradesh, Uttar Pradesh, Rajasthan, Punjab, Kerala, Karnataka, Tamil Nadu, Telangana, Madhya Pradesh, Haryana, Jharkhand, Chhattisgarh, Uttarakhand, West Bengal, Bihar, Goa and Himachal Pradesh.
In sync with the current growth plans, Carnival Cinemas has signed MoUs with Governments of Jharkhand and Odisha in order to set up 75 theatres-cum-recreation zones and 150 screens in the respective states. This will enable the Group’s vision of holding 1000 screens by 2018 in India, each one providing a state-of-the-art movie experience and premium service standard.
Kindly let me know if you require any further information.
Warm Regards,
Drishti Bhatnagar
Senior Executive– Brand Communications
Senior Executive– Brand Communications
Madison Public Relations
Germany urges ‘European unity’
German Economy Minister Peter Altmaier on Friday urged Europe to remain unified in the face of rising trade tensions with the US, saying it was unclear how a summit of the Group of Seven rich nations would end. “We have a serious situation, not just since last night or this morning, but rather the entire last few weeks,” Altmaier told broadcaster ZDF. The minister underlined the importance of European unity on free trade and economic interests. Altmaier said the EU had long resisted imposing tariffs of its own but had shown it would do so if left with no other choice, Reuters reports. European leaders remained committed to continuing the dialogue with the United States if both sides were willing to make concessions, he added, although there was no sign of that at the moment
UNGA, Elects members for two-year term
United Nations General Assembly voted on Friday to elect Germany, Belgium, South Africa, the Dominican Republic and Indonesia for a two-year term in the Security Council starting on January 1, 2019.
The council is the only UN body that can make legally binding decisions and has the power to impose sanctions and authorize the use of force.
Indonesia drew more votes than the Maldives in the contested election for one Asia-Pacific seat by 144 to 46, while the other four candidates ran unopposed. Uncontested candidates still need to win more than two-thirds of the overall General Assembly vote to be elected. There were 190 ballots in Friday’s vote.
Indonesia, the world’s biggest Muslim-majority country, will pursue a global comprehensive approach to combat terrorism, radicalism and extremism during its term, the foreign affairs ministry said in a statement.
Indonesia suffered its worst bombing attacks since 2005 last month that left around 30 people dead, including 13 suspected perpetrators.
“Palestinian issues will also be Indonesia’s concern during its non-permanent membership,” the ministry said.
Germany received 184 votes, Belgium had 181, South Africa got 183, and the Dominican Republic had 184 after one round of voting. Regional groups generally agree upon the candidates to put forward and competitive races are increasingly rare.
In a typical year the General Assembly elects five new members, which join the five elected the previous year and the five permanent, veto-power seats: the United States, Britain, France, China and Russia.
The five members giving up their seat at the end of this year are the Netherlands, Sweden, Ethiopia, Bolivia and Kazakhstan.
The five seats not up for election this year are currently held by Ivory Coast, Equatorial Guinea, Kuwait, Peru and Poland.
Russian, US military chiefs meet in Finland
Russia’s chief of the military’s General Staff and First Deputy Defense Minister Gen. Valery Gerasimov met on Friday in Finland with chairman of the US Joint Chiefs of Staff Gen. Joseph Dunford. They discussed the settlement of the Syrian crisis, including bilateral relations there and issues of preventing incidents, the Russian Defense Ministry said. The military chiefs noted the importance of a speedy stabilization of the situation in Syria, according to the statement. It said that during a constructive discussion, they touched upon the issues of reducing tension and ensuring security in Europe. Gerasimov also met separately on Friday with Finland’s military chief, Gen. Jarmo Lindberg, to discuss European security. In November of last year, Moscow and Helsinki established a direct telephone line between the militaries to strengthen mutual trust and increase transparency amid increased military activity in the Baltic Sea region.
May won’t accept customs border between Northern Ireland and Britain
Britain will never accept a customs border between Northern Ireland and the rest of the United Kingdom, a government spokesman said on Friday, referring to a plan for the Irish border. The European Union’s chief Brexit negotiator said earlier that an economic arrangement to avoid a hard border between the Republic of Ireland and Northern Ireland could not be extended to the whole of Britain, as London proposes, Reuters reported. “The Prime Minister has been clear that we will never accept a customs border between Northern Ireland and the rest of the UK. We are also committed to maintaining the integrity of our own internal market,” the spokesman said, adding that this position will not change.
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