Zee Telefilms bounced back from an early low of Rs 73 following reports that OCB, Delgrada, has pledged another 7.6% equity of the company to brokerage CSFB. \n\n
Zee Telefilms Ltd has formally demerged the company into three entities effective December 18, after it received Bombay high court approval for the split.
A meeting of the board of directors of Zee Telefilms Ltd is scheduled to be held on January 28, 2003 to consider and take on record the financial results for the 3rd quarter ended December 31, 2002.
Zee Telefilms Ltd has posted a net profit of Rs 221.90 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 239.10 million in the quarter ended December 31,2001.
Zee Telefilms has posted a 135 per cent increase in net profit to Rs 32.57 crore for the fourth quarter ended March 31, 2003 when compared with Rs 13.88 crore for the corresponding quarter last fiscal.
Tech stocks proved a major focus of the market on Monday after HCL Tech announced the bagging of a major overseas BPO order.
Journalist Tarun Tejpal told the Delhi high court on Friday that he will publish an apology in a national daily stating that an Indian Army officer, against whom he had levelled allegations of corruption in defence procurement, had not accepted any money.
Justice Neena Bansal Krishna said there was no merit in the plea, also filed by the news portal's journalist Aniruddha Bahal, as there is no error apparent on the face of record or a mistake which can be corrected within the ambit of review.
The Bombay high court said if the conditions of BCCI's tender are strictly adhered to then both are ineligible to bag the telecast rights.
In a bid to strengthen the executive management Zee Telefilm's Subhash Chandra has relinquished the post of managing director and appointed Pradeep Guha as chief executive officer.
The High Court also gave the BCCI the freedom to engage any producer for the purpose of live feed except Zee Telefilms Ltd and ESPN Star Sports.
Enthused by the recent success of some of its programmes, Zee Telefilms has decided to hike advertisement rates on its channels by 30-40 per cent from the next fiscal.
Zee Telefilms Ltd on Monday approved the merger of all its five Mauritius-based subsidiaries, including Zee MGM, into Asia Today Ltd.
The Board told the Bombay high court its tender with Zee Telefilms is not condluded, following which ESPN-Star Sports withdrew its petition.
The Delhi high court allowed the BCCI to open technical bids for grant of telecast and broadcast rights in India for the next four years after Zee Telefilms said it has no objection to it.
The promoters' stake in Zee Telefilms Ltd has fallen marginally below the majority 51 per cent mark, while foreign shareholding in the company has risen to 58 per cent during the quarter ending June 30.\n\n\n\n
The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid. "I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. "About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. "We are making all the required efforts to settle the remaining 8.8% of our total debt.
The XLRI School of Management, Jamshedpur, invites corporates, entrepreneurs, professionals, MBA students and undergraduate students to attend its annual festival, Ensemble 2007.
The Securities and Exchange Board of India (Sebi) on Monday barred trader Ketan V Parekh and his associates, who were instrumental in the stock scam of 1999-2001, from accessing the stock market for another ten years . Sebi, in an order issued on Monday, said it was banning Ketan Parekh and associates for a total of 14 years, effective from December 12, 2003.
The BCCI warned its players against joining unapproved competitions in a bid to counter the Indian Cricket League being planned for September.
The BCCI could lift a ban to lure players from an unofficial Twenty20 league into their own lucrative version.
In the cable business, the group is connecting directly with subscribers by taking control of last-mile connections and has lined up Rs 500 crore as infrastructure investment.
Zee Interactive Learning Systems, a wholly owned subsidiary of Zee Telefilms, has firmed up its plans to provide 'smart' schooling in Kolkata.
The battle between BCCI's IPL and Essel-backed ICL threatens to shake up the game's biggest global market.
Zee Telefilms announced acquisition of 50 per cent stake in Dubai-based Ten Sports for Rs 256.5 crore, as part of efforts to cement its position in the sports broadcasting business.
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