Last week Bollywood has been into speculation with news that Amitabh Bachchan was all set to launch his own news channel, INDIA 24/7.

But the shahenshah has now clarified that INDIA 24/7 isn't name for any news channel but instead it's the film's title which he is doing with Ram Gopal Verma. The flick was previously titled Rann.

"The title is no longer RANN, as in a battle or a war, but INDIA 24/7. And ever since I have been reporting on set, the media laugh riot has been in unabated operation, " says Bachchan.

Ram Gopal Verma's next project which was previously titled RANN is based on the Indian news channels. Riteish Deshmukh plays a journalist on the rise while Bachchan is a big media baron in the film. Amitabh plays Harshvarshan Malik, the founder of the first private news channel in India.

The film also stars Paresh Rawal, Gul Panag, Neetu Chandra and Rajpal Yadav. It is believed that RGV has taken special permission from the government to film in high security areas in Delhi for the film.