Days before Sony Group pulled the plug on the $10 billion deal, Zee group founder Subhash Chandra had written to Finance Minister Nirmala Sitharaman, blaming Sebi for trying to "scuttle" the merger of its flagship media firm Zee Entertainment Enterprise with the Japanese firm and subsequent investment in the merged entity. Alleging market regulator Sebi is "acting with a predetermined mind", the Zee group patriarch requested the finance minister to take the necessary steps "to safeguard the interest of the minority shareholders of Zee". Chandra in his letter dated January 16, seen by PTI, said Zee and all other people have been cooperating in the investigation related to the alleged fund diversion by promoters and expressed concern over a new notice issued by the market regulator to former directors of Zee.
Sony Picture Network India (SPNI) management is committed to long-term growth in India and the company will actively explore new organic and inorganic possibilities to strengthen its presence in the country, company managing director and CEO, NP Singh told employees. In a letter, two-days after the calling off of the $10 billion merger deal with Zee Entertainment, he asked employees to focus on current projects, with an immediate goal to unleash the company's full potential, continuing to craft content that not only engages audiences but also boosts subscriber growth and revenues. "As we close the chapter on our proposed merger with ZEEL (Zee Entertainment Enterprises Ltd), I want to take a moment to talk to you - not just as your CEO but as someone who has been on this journey with you.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
Stories of friendship, former life and fights against the system dominate the OTT this week. Sukanya Verma lists her recommendations.
The Netherlands beat New Zealand 3-1 to record their second successive win at the hockey World Cup in New Delhi on Wednesday.
Former captain Bhaichung Bhutia demanded the resignation of All India Football Federation president Kalyan Chaubey.
The cancelled trains include Sealdah-Puri Duronto, Howrah-Chennai Mail, Kanyakumari-Howrah Express, Shalimar Express, Tirupati Weekly Superfast Express, SMVT-Bengaluru Superfast Express, Santraganchi AC Superfast, Purulia-Villupuram.
Prime Minister Narendra Modi on Wednesday said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth. He also said that in the rapidly changing world order, India is moving forward as 'vishwa mitra' (friend of the world). Speaking at the inauguration of the 10th edition of the Vibrant Gujarat Global Summit, which saw participation of state hea
The Manipur police said all personnel of the force from top to bottom are united and any attack on anyone and use of social media to target any officer or unit will be taken seriously and stringent action will be taken.
On January 20, President Pranab Mukherjee inaugurated the new integrated terminal at Kolkata's Netaji Subhas Chandra Bose International Airport.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
Turkey detains Israeli player over '100 days' message on wrist
The company has begun discussions with foreign players besides Petronet LNG Ltd for jointly developing the Rs 4,500-crore (Rs 45-billion) terminal.
While indicating that he might not allow the petition if both the girl and foetus were healthy, Justice Samir Dave of the high court also referred to the Manusmriti during the hearing on Wednesday.
President Pranab Mukherjee hails it as an achievement of efficient public sector
Bangladesh government has shortlisted bidders for a 5-mt LNG terminal at Moheshkhali island in the Bay of Bengal.
The Uttarakhand assembly on Wednesday passed the Uniform Civil Code Bill, which may serve as a template for other Bharatiya Janata Party-run states to enact similar legislation.
PVR Cinemas has decided to terminate its agreement to acquire real estate developer DLF's exhibition hall business, DT Cinemas. PVR informed the stock exchanges today that, 'the conditions precedent for the acquisition have still not been satisfied'.The two companies had sought an extension till February 15 to conclude the deal.
Gandhi was also seen wearing the porters' trademark red shirt and lifting luggage over his head.
The Vallarpadam transshipment container terminal near Kochi in Kerala will be completed by August this year, Shipping Minister G K Vasan said on Tuesday.
Ten people were injured when the shuttle bus they were traveling in from Terminal-1 to 2 of the Kempegowda international airport in Bengaluru crashed into a pillar early on Sunday, airport authorities said.
Finishing touches are still being given to the terminal. Still, as it is sheer grandeur which expands in front of your eyes, a grandeur the kind of which this country may not have seen since beginning its march towards a market economy.
Hutchison Telecom International Ltd, the Hong-Kong based parent of Hutchison that operates the Hutch-Essar JV in India with Essar group, has said the termination of BPL Mobile Mumbai circle merger deal by its Indian partner was wrong.
Seven bidders, including Voltas, Deepak Fertilizers and Bharat Hotels have submitted requests for qualification (RFQ) to build a Rs 250-crore (Rs 2.5 billion) terminal market in Thane district near Mumbai.
In yet another instance of his confrontation with the Dravida Munnetra Kazhagam dispensation in Tamil Nadu, Governor R N Ravi on Monday concluded his customary address to the House within a few minutes, making certain remarks over the content of the address that were 'expunged'.
Not only will Arun Govil, Sunil Lahiri and Deepika Chikhalia attend the Pran Pratistha ceremony, Moti Sagar, Ramanand Sagar's son, also received an invitation.
The California walnuts shipped from the US to India have seen a sharp uptick with imports more than doubling from September to November against the same period last year. This comes after New Delhi removed its retaliatory customs tariffs on the key dry fruit. Two days ahead of US President Joe Biden's visit to New Delhi to attend the G20 Summit on September 9-10, India dropped additional customs duties on about half a dozen US goods that were imposed in 2019 in response to America raising tariffs on certain steel and aluminum products coming from India.
"Expression of Interests would be invited shortly for building the cruise terminal that would have a marina, a convention centre, hotels, entertainment places," Mumbai Port Trust deputy chairman Ashok Kumar Bal said.
The gravity of the incident which happened in Parliament should not be underestimated, the prime minister said
'I am here to terminate climate change once and for all.'
Doctors claimed that the girl continue with the pregnancy owing to the potential risks to her health if the pregnancy is terminated at such a late stage.
ISRO's Thiruvananthapuram-based Vikram Sarabhai Space Centre successfully conducted a series of drogue parachute deployment tests at the rail track rocket sled facility of the Terminal Ballistics Research Laboratory in Chandigarh during August 8-10.
In a sudden move, the Board of Control for Cricket in India on Friday terminated the contract of Deccan Chargers after an emergency Governing Council meeting of the Indian Premier League, in Chennai.
Insolvency tribunal NCLT on Wednesday rejected Go First lessors' petitions to take back the planes leased to the grounded airline, and said the aircraft are available for resumption of operations since aviation regulator DGCA has not deregistered them. A two-member bench of the National Company Law Tribunal (NCLT) held that physical possession of the aircraft/engines would be "indisputably" with Go First and lessors cannot claim possession during the Corporate Insolvency Resolution Process (CIRP) of the carrier. According to the tribunal, aircraft and its engines are the sole essence of Go First's business and if taken away, it would result in its "corporate death" leaving no scope for its resolution.
Due to the developments at KV, like recall of their products, regulatory actions, filing of a series of class actions by shareholders the company has terminated the 'License and Supply Agreement', Strides Arcolab said in a filing to the Bombay Stock Exchange.
The civil aviation ministry is planning to dedicate a separate terminal building for low-cost carriers at Delhi airport and efforts are on to create more space for them in Mumbai by shifting operations of small aircraft to Juhu aerodrome.
A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.
In a development that would bring mobile telephone tariffs further down, telecom regulator Trai has suggested doing away with termination charges in a phased manner over the next three years.
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