Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday said they have signed definitive agreements for their merger following conclusion of an exclusive negotiation period during which both parties conducted mutual due diligence. In a joint statement, the two companies said they have "signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries". The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence, it added.
'We are wishing you come back to RCB. I'm a die-hard RCB fan and you playing past in the RCB... definitely the rumours I've heard. I won't say anything but I'm just wishing and praying that you come into RCB,' to which Rahul replied 'Let's hope.'
For the past few days, Tata had been admitted to the Breach Candy Hospital in south Mumbai.
The BCCI will be expecting the two new IPL franchises to go for Rs 7000 crore to Rs 10,000 crore each at the bidding process which begins in Dubai on Monday.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
A video of the CEO dancing along with her staffers is winning the Internet and encouraging other leaders to make workplaces happier.
With founder Subhash Chandra no longer in the driver's seat at Zee, the acid test for Punit Goenka would be to take the financial investors along with him even as he strives to weather the latest storm. The question, now, is how he will deal with the challenges of being a professional CEO rather than an owner-CEO in the aftermath of his family offloading most of its promoter stake to a clutch of financial investors. However, the silver lining is that Zee remains the most profitable of the top four broadcasters in India.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
Zaheer Khan is set to leave Mumbai Indians to take up the role of mentor at Lucknow Super Giants in IPL 2025.
The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world, but the RBI will take a decision on interest rate cut keeping the Indian economy in mind. "It is a positive for the global economy, including the Indian economy. "It is a 50 basis points cut from a high level.
Renowned spiritual leader and Vipassana guru Satya Narayan Goenka died on Sunday night due to old age. He was 89. Goenka breathed his last at his residence in Mumbai on Sunday night, his associate said
He was 83. Goenka is survived by his wife Sushila and sons Harsh Vardhan and Sanjiv.
Group is planning to reduce its dependence on power generation business by expanding in other areas
The deal, which values Firstsource at Rs 800 crore (Rs 8 billion), would give Goenka a foothold in the information technology sector.
Rising Pune Supergiant owner Sanjiv Goenka, on Tuesday, rubbished speculations that he has already bought stakes in Rajasthan Royals after the Indian Premier League orgainsers made it clear that his side and Gujarat Lions will not get extensions for the 2018 season.
Business tycoons at the Ambani's pre-wedding celebrations at Jamnagar, Gujarat.
A potential risk to the rupee's appreciation trajectory lies in the event of a delay in the Federal Reserve's rate cut cycle, particularly if core inflation in the US remains elevated.
The fate of the $10 billion merger between Zee Entertainment Enterprises and Culver Max Entertainment, formerly Sony Pictures Networks India, is hanging by a thread, with the two parties unable to finalise an agreement as the end of the one-month grace period looms. The two parties are yet to come to an agreement over Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka leading the merged entity after Sony expressed concerns after market regulator Sebi barred him from holding managerial posts in Zee and any of the entities in a fund-diversion case.
All but out of contention for the IPL play-offs, KL Rahul's future as Lucknow Super Giants skipper is uncertain for the remaining two games after the team received a pasting at the hands of Sunrisers Hyderabad at home on Wednesday.
He made his mark in diverse businesses, ranging from tyre to music.
Goenka is hoping Spencer's will break even by the second quarter of 2013-14.
The BPO's board will meet on Friday to finalise deal.
Goenka has not even attended the last three annual general meetings of the company, yet he drew around half of the managing director's pay
A wave of high-profile player releases, including four prominent captains -- Shreyas Iyer, K L Rahul, Rishabh Pant, and Faf du Plessis -- has reshaped the landscape of the league.
LSG players are donning green and maroon jersey, inspired by Kolkata football giants Mohun Bagan.
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.
The split of the Rs 19,000-crore (Rs 190 billion) RPG empire is now complete, with Rama Prasad Goenka's younger son, Sanjiv Goenka, on Wednesday stepping out of the shadow of the umbrella brand that traces its history to 1820.
Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010.
Like thousands of Indians and non-Indians I have been touched by, and am a beneficiary, of Satya Narayan Goenka's single biggest contribution to humanity: the Vipassana brand of meditation.
Conversation should have been behind closed doors
Kolkata Knight Riders wrist spinner Varun Chakravarthy on Friday said team owner Shah Rukh Khan has made a "huge impact" with his motivational speeches when the chips were down in the ongoing IPL.
Zee Entertainment Enterprises Ltd (ZEEL) is seeking rapprochement with Sony Group as it makes a last-ditch effort to resurrect a $10 billion merger, according to industry sources. After the Japanese multinational firm pulled the plug on its $10 billion merger deal in January, the Indian company reached out again to Sony to reconsider the termination and offered for talks this month, a source said. On the other hand, Sony is understood to be evaluating the proposal from Zee.
Sonakshi Sinha and Zaheer Iqbal are getting married over the weekend.
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.
Make time for this one, you will be in for a pleasant surprise like I was, endorses Mayur Sanap.
The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Sebi's credibility on completing its investigation within a stipulated time in the Zee Entertainment Enterprises' (ZEEL) matter. SAT was hearing Zee's plea against Sebi's order baring Zee Entertainment Enterprises' Punit Goenka and Subhash Chandra from holding any key managerial positions in the company and other organisations for allegedly siphoning off funds of the media firm. "There is no certainty that these eight months won't be extended. ...past record of Sebi is that they have always extended it (investigation).
Virat Kohli, Sanjiv Goenka to raise funds for celebrity golf tournament
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