In what will be the largest media deal in India, Multi-Screen Media (MSM), which runs Sony Television in India, is set to buy Ramoji Rao-owned Eenadu TV's (ETV's) bouquet of 11 regional channels.
Cable and DTH companies cannot hold more than 20 per cent stake in each other.
After eight years of joint operations in news television, the relationship between Rupert Murdoch-controlled STAR Group and Ananda Bazar Patrika (ABP) TV has run into rough weather.
The website will now be repositioned as an e-commerce portal such as eBay.
The public issue pipeline is at its driest in two years. According to the website of market regulator Sebi, only 11 companies have filed for initial public offerings between April and June.
IRFC, NHAI, Hudco and others to hit the market in next few months.
Muthoot Finance's method of raising money through gold bonds has been questioned.
All existing instruments in e-form by September 30; move to affect 200,000 companies
An investment banker handling the PSU issues said, "When employees pick application forms, these typically have stamps of brokers. But there was no clarity who will bear the cost. Now with this provision, government will pay 25 bps. It is lesser than retail because there is often no marketing effort from the broker, as a lot of it is done by the company itself."
Barely five days after he was hired by Speak Asia as its legal adviser, Ashok Saraogi withdrew from the case last Friday.
Top multi-system operators (MSOs, or large cable operators) are in talks to form a consortium to challenge the new distribution joint venture of STAR and Zee which was announced on Thursday.
A top source in OneAlliance confirmed they were looking to join the JV. He did not give details.
Most of the top investment banks will be rendered ineligible to manage the coming initial public offering (IPO) of National Building Construction Corp Ltd (NBCC) if the new rules for appointment of advisors are implemented.
The new guidelines restrict bankers not just from advising private sector companies in the 'same line of business' on public issues.
The high profile movement has, in fact, put in focus a growing talent crunch in the industry at the top management levels, especially with new companies and newer technology companies entering the fray.
In March, the Registrar of Companies, Uttar Pradesh and Uttarakhand, based in Kanpur, sent a notice to Sahara India Real Estate Corp for using a third party's bank accounts to receive funds from investors.
Depressed equity performance, Sebi copycat rules, lack of new ideas combine to impel funds to look elsewhere.
He is not a regular corporate honcho. The appointment of Raj Nayak, often decsribed as 'the people's person' and 'go-getter' by his peers, as the CEO of Colors, the general entertainment channel of Viacom18, came as a surprise to many.
"Star Wars films are the very fabric of film-making. Lucas film-tested our creative sensibilities and our pipeline before choosing us," said Namit Malhotra, founder and global CEO, Prime Focus.
DE Shaw, a global private equity (PE) and hedge fund company, is close to acquiring a 14.2 per cent stake in New Delhi Television (NDTV) for Rs 70 crore (Rs 700 million).