Puneet Goenka's ability to stay calm is probably what helped Zee rise from a down-in-the-dumps broadcaster into one of the largest, steadiest and most profitable media companies in India, reports Vanita Kohli-Khandekar.
In an open letter to Zee's shareholders, Invesco, which holds a 7.74 per cent stake in the firm, reiterated its demand for an overhaul of the media group's board and that it would pursue extraordinary general meeting (EGM) to oust chief executive Punit Goenka and two other directors. Last month, Sony Group Corp's India unit signed a non-binding offer to buy Zee.
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
Zee Group is India's second-largest media and entertainment firm.
Guess who else features on the Variety500 list?
Sotheby's International Realty was founded in 1976.
Top architecture firms belonging to Hafeez Contractor and C P Kukreja have offered to design a few stations free of cost.
Australian batsman David Warner expressed apprehension about Test cricket's survival should the proposed 'rebel' league to be bankrolled by Indian business tycoon Subhash Chandra takes flight but added that the vast sums of money on offer could not be easily rejected by players.
Amazon Prime leads the race to buy digital rights for Bollywood blockbusters with Hotstar and Netflix trailing far behind.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
Young Indian entrepreneurs hope to share some of the limelight too at the Hyderabad event.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
Sachin Tendulkar and Shane Warne met with ICC Chief Executive Dave Richardson at the global body's headquarters in Dubai on Wednesday to discuss their ambitious Legends T20 cricket League, proposed to be held in the United States in August-September.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
The central bank is engaged with other financial institutions for investment as part of the scheme to resurrect Yes Bank under RBI imposed moratorium since March 5.
Mamata Banerjee said availability of land won't be a problem in Bengal as the state government has a land bank.
Fairfax media on Friday quoted unnamed sources as saying Clarke and Warner would be targeted as "priority acquisitions" on lucrative 10-year deals.
Indian property markets are not in the pink of health.
Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPAs.
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Indian Railways under Piyush Goyal has chalked out a new plan for station redevelopment. Railway stations in 15 cities may soon offer residential apartments.
He congratulated the Uttar Pradesh government and industrialists for their commitment for development.
Nandi had defeated, by a margin of more than 14,000 votes, Keshri Nath Tripathi who was a five-time MLA, and had served thrice as the Uttar Pradesh assembly speaker and was the BJP's state unit president at that time.
How Bajaj, Colgate, Raymonds, Zee lost out.. Strategic errors have hurt many companies, says adguru Sandeep Goyal.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
Mass mobility in India is in a race when the light turns from yellow to green. Just that this moment has lasted three years. The renewed enthusiasm, however, indicates that the lights may finally be about to change, says Patanjali Pahwa.
Amid intense speculation over the fate of the proposed India-Pakistan series, the Board of Control for Cricket in India indicated that a second round of talks between the two Boards could take place soon to work out the modalities for resumption of bilateral cricketing ties.
Take a call to stay put or opt our based on whether you think the company will be able to find a strategic investor, suggests Sanjay Kumar Singh.
Piyush Goyal has begun his term as railway minister with characteristic energy, but not all his new initiatives are being praised
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
The move will catapult Disney as the country's largest media and entertainment broadcaster, with over $1.3 billion of additional India revenue.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
On this technological revolution, we are 7-10 years behind the US. So, the threat to newspapers doesn't exist now, says Trai Chairman Rahul Khullar.
Collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group.
Vedanta Resources has delayed its offer to buy a further 20% stake in iron-ore mining company Sesa Goa.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Out of the 192 mining leases of iron and manganese ores in Odisha, 94 do not have environment clearance.
