Capital markets regulator Sebi has sent a notice to Deccan Chronicle Holding's promoters and asked them to pay Rs 4.29 crore in a matter related to misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. The regulator directed T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer to pay Rs 4.29 crore, which includes interest and recovery costs, within 15 days, Sebi said in a demand notice issued on Friday. In the event of non-payment, it will recover the amount by attaching and selling the movable and immovable properties of the Deccan Chronicle Holdings Ltd (DCHL) promoters.
DCHL owes the bank about Rs 200 crore (Rs 2 billion).
Odyssey is a leisure retail chain which sells books, music, toys, greeting cards and FMCG products of leading domestic and international brands.
Deccan Chronicle Holdings Ltd, the publisher of English newspaper Deccan Chronicle and Telugu paper Andhra Bhoomi
Deccan Chronicle Holdings Ltd on Tuesday said it has launched $54.02 million foreign currency convertible bonds offering.
The five per cent stake acquisition would be subject to statutory approvals and respective board approvals, the company added. Earlier, Deccan Chronicle was reported to be in the lookout for selling 5 to 8 per cent in Sieger Solutions, the owner of the Deccan Chargers IPL team to a strategic investor.
"Canara Bank is the lead banker of lenders' consortium to DCH and the bank is conducting forensic audit of DCH," Financial Services Secretary D K Mittal told reporters.
The Bombay high court has granted Deccan Chronicle Holdings Ltd (DCHL) three more days to furnish an irrevocable and unconditional bank guarantee of Rs 100 crore to the Board of Control for Cricket in India for its Indian Premier League franchise Deccan Chargers.
Asaduddin Owaisi, once known more for his fiery medium fast bowling than for his fiery oratory, recalls besting future India paceman Venkatesh Prasad in an inter-university final match in the early 90s.
On July 2 or July 6, the Dalai Lama will reveal his mind on his successor. This makes Beijing extremely nervous as the Communist regime fully realises the importance of controlling the next Dalai Lama, points out Claude Arpi.
Deccan Chronicle had taken a Rs 170-crore loan from Future Capital and Rs 100-crore loan from Tata Capital.
In a minor relief to the beleaguered Deccan Chargers, the Bombay High Court on Monday directed the BCCI to maintain status quo regarding the termination of the IPL franchise, owned by Deccan Chronicles Holdings Ltd.
Deccan Chronicle's ventures into niche aviation and IPL seem to be cause of its troubles Could the strange twists and turns in the relationship between the Deccan Chronicle and Kishore Biyani-controlled Future Capital be simply coincidental?
Deccan Chronicle Holdings has restarted efforts to sell its Indian Premier League franchise Deccan Chargers, and is in talks with Perth businessman Vikas Rambal and Adani Group, sources with direct knowledge of the talks, told Reuters.
Deccan Chronicle holds 80 per cent stake in Deccan Chargers and had paid $107 million for the IPL franchise.
The IPL Governing Council had terminated Deccan Chargers in 2012, a move that the franchise had challenged.
At least 10 firms, including a few media houses and some of the leading private equity funds, are said to be in the race to acquire a majority stake in Hyderabad's Deccan Chargers, the Indian Premier League cricket team currently owned by the Deccan Chronicle group.
The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.
Bombay High Court-appointed arbitrator retired Justice CK Thakkar delivered the verdict on July 17 and told BCCI to pay Rs 4,800 crore as compensation by September 2020.
In this exclusive interview with Rediff.com's Suman Guha Mozumder,Time International's new Editor Bobby Ghosh discusses Iraq, India and the New Journalism.
A fascinating conversation with one of the world's finest reporters.
The owners of the cash-strapped Deccan Chargers sold the Indian Premier League franchise to a real estate company for an undisclosed sum. Deccan Chronicle Holdings, which paid $107 million for the franchise in 2008, informed the stock exchanges on Friday of their decision to sell the team to Kamla Landmarc, a Mumbai-based real estate company.
The Bombay High Court on Monday suggested to the Board of Control for Cricket in India (BCCI) and Deccan Chronicles Holdings Ltd to settle their dispute over termination of IPL franchise by referring the matter to a mutually acceptable arbitrator.
Beleaguered Indian Premier League (IPL) franchise Deccan Chargers' inability to find a buyer has put the Board of Control for Cricket in India (BCCI) in a quandary.
The Deccan Chronicle Holdings Limited (DCHL) on Thursday issued a tender notice inviting bids from prospective buyers for its IPL franchisee Deccan Chargers, which is currently in a financial mess.
The Board of Control for Cricket will invite fresh tenders for Indian Premier League franchise Deccan Chargers after a bid from PVP Ventures was rejected by the Hyderabad-based team at an auction in Chennai on Thursday. Deccan Chargers had put their team up for sale and PVP Ventures were the only ones interested, but their bid of Rs 900 crore was rejected by the 2009 IPL champions.
Papa Rajinikanth apparently stayed with the couple after returning from the US, where he had been undergoing treatment for a kidney-related ailment, and hoped to effect a reconciliation. Unfortunately, it did not work out.
Dainik Jagran continues to be India's most read newspaper across all languages.
There was no confirmation on whether or not BCCI will review its earlier decision to terminate the franchise.
The Board Of Control For Cricket In India working committee decided to take a final call on the fate of the IPL franchisee, Deccan Chargers on September 15 in Chennai.
In an interview to rediff.com's Syed Firdaus Ashraf, journalist-author Hussain Zaidi speaks about his new book 'Mafia Queens of Mumbai' and the crime scenario in Mumbai city.
The likes of SRK, Nirula and Mallya are in the race to own an IPL team for the upcoming Twenty20 series.
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