The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster's books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi's investigation had found a deeper rout.
Zee Entertainment Enterprises Ltd on Wednesday said Culver Max Entertainment, formerly known as Sony Pictures Networks India, has agreed to discuss extending the date required to make their merger scheme effective, a day ahead of the deadline. A day after Sony Pictures Networks India (SPNI) stated that it has not yet agreed to a deadline extension requested by Zee Entertainment Enterprises Ltd (ZEEL) for their proposed $10-billion merger, the Subhash Chandra family-promoted media firm said it has received a communication from Sony group for discussing an extension of the deal which was announced almost two years ago.
A vacancy will arise in the three-member poll panel when Election Commissioner Anup Chandra Pandey demits office on February 14.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
A day after an obscene video allegedly involving him surfaced on social media, BJP MP Upendra Singh Rawat who has been fielded again by the party from Barabanki on Monday said he will not contest any election till proven innocent.
A charge-sheet against Chandra and 12 others was filed.
Bandhan Bank's managing director (MD) and chief executive officer (CEO) Chandra Shekhar Ghosh (pictured), who has decided to step down, on Wednesday said the bank will need at least three months to identify his successor. He has also written to his employees, asking them "not to worry" over his surprise decision. "Whatever, our experience in the earlier selections, when we selected two executive directors on the basis of that experience we need a minimum three months of time for selection of candidates and then it will go to RBI and then whatever is the time taken by RBI for approval," Ghosh said.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.
With the strain and anxiety of the longest Lok Sabha polls now behind the leaders, governance, with consensus, is the next step.
According to the Election Commission data, 30 out of the state's 40 Lok Sabha seats went to the BJP-led coalition in the latest elections, a sharp drop compared with 39 in 2019 and lower than the tallies of 2014 (31) and 2009 (32).
A deep depression over the Bay of Bengal intensified into a cyclonic storm, named Remal, on Saturday evening and is likely to turn severe before making landfall between the coasts of West Bengal and Bangladesh on Sunday midnight, the India Meteorological Department (IMD) said.
Shareholders of Tata Sons, the holding company and promoter of Tata group companies, have approved the reappointment of N Chandrasekaran as chairman for another five-year term despite its single largest shareholder the Shapoorji Pallonji family abstaining from voting, according to sources. In February this year, the Board of Tata Sons had approved the reappointment of Chandrasekaran as executive chairman for another five years till February 2027, subject to shareholders' approval. At the shareholders meeting held on Monday, the proposal for Chandrasekaran's reappointment for a second term needed more than 50 per cent of votes as it was an ordinary resolution.
Counting of votes for the Lok Sabha elections has begun across states and Union Territories, Chief Election Commissioner Rajiv Kumar told PTI.
The Delhi high court will pronounce its verdict on Friday on whether to admit the Central Bureau of Investigation's (CBI) appeal challenging the acquittal of former telecom minister A Raja, firms and others in the 2G spectrum allocation 'scam' case.
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
The BSP has not entered into any alliances and has also been keen to shed the tag of being a 'B-team' of the BJP.
As severe cyclonic storm 'Remal' initiated its landfall process between the coasts of Bangladesh and adjoining West Bengal on Sunday evening, authorities took swift action, evacuating over 1 lakh people from vulnerable areas of the state to safety.
The music composer was not keeping well for the past few days and had been in coma.
BJP heavyweights Smriti Irani, Arjun Munda, Ajay Mishra Teni and Kailash Chaudhary were among the 13 Union ministers who tasted defeat in the 2024 Lok Sabha elections, as stunning losses in three Hindi heartland states forced the BJP to rely on allies to form the government.
The bench said it would be difficult for the poll panel to mobilise manpower for uploading the voter turnout data on its website.
'There is an eminently fertile ground that perpetrators must be finding in our society.'
'Modi 3.0 will have more balanced policies like one saw in Modi's first term.'
The cyclone ravaged adjacent coasts of the state and Bangladesh between Sagar Island and Khepupara, near the southwest of Mongla in the neighbouring country, after its landfall process began at 8.30 pm on Sunday.
Bollywood actress Neetu Chandra has denied having any links with Pakistani bowler Mohammad Asif, embroiled in the latest spot-fixing controversy that has rocked the world cricket
Two vacancies of election commissioners have arisen following the resignation of Election Commissioner Arun Goel and Anup Chandra Pandey's retirement.
The top court on January 8 had quashed the Gujarat government's decision to grant remission to 11 convicts in the case, saying the orders were 'stereotyped' and passed without application of mind.
'It is a fiercely fought battle, like our fiery chillies in Guntur.'
Despite declining by three percentage points in 2022-23 (FY23) compared to FY19, Odisha's unemployment rate remains higher than the average in India.
Manan Chandra overcame maestro Geet Sethi 5-3 to win the snooker title of the Shivaji Park Gymkhana All India Open Invitation tournament
Here's the full list of 49 MPs suspended from Lok Sabha:
'We used Babil as a body double, and in an extreme wide shot too.'
He has been sent to the ED custody till April 18 by the court, they said.
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
The Election Commission has opposed in the Supreme Court an NGO's demand to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections, contending it will "vitiate" the electoral space and cause "chaos" in the poll machinery in the midst of the general elections.
Over 65 Union ministers are likely to take oath, going by the visual of the meeting Modi held with his likely council of ministers.
The 12th seeded Indian cueist will meet Chan Kwok Ming of China Hong Kong in the pre-quarter-finals in the 21st Asian Snooker Championship.
Shares of Zee Entertainment Enterprises Ltd (ZEEL) tumbled 12 per cent in the mid-session trade on Wednesday amid reports of capital market regulator Sebi has unearthed a financial discrepancy exceeding USD 241 million (nearly Rs 2,000 crore) in the accounts of the company. The stock of the company nosedived 11.58 per cent to Rs 170.65 apiece on the BSE. ZEEL shares plunged 11.39 per cent to Rs 170.70 per piece on the NSE.
The push given to rooftop solar installation in the Interim Budget ties in with its high rate of adoption in Tier-II and -III cities of India. If original equipment manufacturers (OEMs) in the automobile industry, government, and the solar sector are to be believed, in cities of Rajasthan, Gujarat, and Kerala, 45-50 per cent of electric-vehicle (EV) users are employing rooftop power to charge their vehicles. This is compared to the national average of 25 per cent, say industry sources.
Besides the national capital, polling will be held Saturday in 14 seats in Uttar Pradesh, all 10 seats of Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand and one seat in Jammu and Kashmir. Simultaneously, polling will be held for 42 assembly constituencies in Odisha.
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