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We heard it but they denied it…That’s a standard Bollywood practise. Here we expose some of their volte faces:

It was said that Gulzar would complete Hum Panchi Ek Daal Ke, starring Sunil Shetty and Aishwarya Rai, after the producer had a difference with Shashilal Nair. The producer admits that Shashi isn’t the director anymore but denies that he has signed Gulzar, instead.
It was a hot rumour that Babita was producing a film starring her daughters Karisma and Kareena Kapoor. But the Kapoors insist they have no such plans.
The music industry was abuzz with the news that Shravan was going the Nadeem way and bringing out a solo album. The diplomatic composer denies this.