At least half a dozen foreign satellite firms with over 100 C-band transponders have initiated their talks with domestic media firms which are interested in launching headend-in-the-sky cable distribution platform.
The battle between BCCI's IPL and Essel-backed ICL threatens to shake up the game's biggest global market.
The Essel Group website calls him a "karmyogi", defined as someone who believes in action rather than worry about its consequences.
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.
Zee News, Zee Media's flagship brand, was at the centre of a controversy over its media practices that pushed Subhash Chandra towards BJP.
Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and programme libraries.
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 company will make public the outcome of its Board meeting on telecast rights only after it files an affidavit in court.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Rs 40 crore already deployed in a residential project in Chennai.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds.
In a landmark deal announced in Mumbai, Star Den Media Services Pvt Ltd and Zee Turner Ltd will form a joint venture to combine distribution of their respective channel bouquets in India.
In the past month, when the Essel Group started picking up shares of the company, IVRCL's stock has risen 31 per cent, a rare feat in a market where infrastructure stocks have been suffering due to slow movement in projects and high interest burden.
The total buyback value shall not exceed 10 per cent of the paid-up capital and free reserves of the company for the financial year ended March 31, 2011.
Demerging print and TV news businesses will allow for separate investment by interested players.
Pakistan Cricket Board chairman Shaharyar Khan has admitted that the ICC and its member boards are worried.
The last edition of the 14-year-old morninger, which had already stopped from Delhi and other centres earlier, will come out on Thursday from Mumbai and Ahmedabad, the broadsheet owned by Zee group's Subhash Chandra's Essel group said.
Former Indian Premier League commissioner Lalit Modi on Monday blamed the International Cricket Council and the Board of Control for Cricket in India for scuttling the Indian Cricket League.
The Delhi high court on Tuesday barred the unsanctioned Indian Cricket League from filing a suit against the Board of Control for Cricket in India in the United Kingdom courts.
Over the past few months, Chandra, whose family also owns Essel, a leading packaging company for consumer products, has bought a massage clinic chain, launched an ayurvedic skin and health products brand and rejigged his US TV channel into a health platform.
The payment is overdue for the past 10 months, says Zee Turner.
The Indian Cricket League on Thursday claimed it has got the go-ahead from the Delhi High Court to file case against the ICC and ECB in London, seeking damages for ostracising the 'rebel' league.
Trai, consumer groups need to do some homework on the economics of their insistence.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
'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.
With a whopping Rs 303.15 crore profit they earned in the year 2007-08, the Indian cricket Board (BCCI) tops the SportzPower Money List rankings for being the most influential sports entity. The rankings have been made on the basis of the entities' financial clout and their influences on sporting arena.
At a time the industry is slashing headcount, citing the downturn, direct-to-home (DTH) television service providers are adding employees.
Subhash Chandra, Chairman, Zee & Essel Group has received the Honorary Doctorate of Business Administration from the University of East London (UEL).
In a departure from its stand, the government has decided to go ahead with the privatisation of the four airports.
"We plan to open another 50,000 exclusive outlets in rural areas by next year under the brand name 'ItzCash Point'and 'ItzCash World', besides opening franchisee network up to 12,000," ItzCash Vice-President, Marketing, Shekher Srivastava told PTI on Tuesday.
This move will make Dish TV, an Essel Group company, the first DTH operator to have installed their DTH services in consumer homes, cars, buses, aircraft, cruise liners and on trains. "Dish everywhere is our motto. We aim to provide our DTH services across all platforms, whether moving, flying or stationary," a senior Dish TV executive said. This move is likely to help the company market its services to the potential consumers more effectively.
Ahmedabad's Sardar Patel Stadium in Navrangpura, a regular venue of cricket ties till they were shifted to the Motera Stadium on the outskirts, is all set to host Indian Cricket League matches in its first event of the new season commencing on October 10. The development follows the signing of an agreement on Wednesday between the Essel Group promoted rebel league and the Ahmedabad Municipal Corporation which owns the stadium.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
Sources said the ICL has signed the 10 players as its plans to field a team from Pakistan in its second tournament in March-April.
The STAR India-Bennet, Coleman & Company (BCCL) combine, Subhash Chandra's Essel Group and TV 18's HomeShopping 18 are among those who will air home shopping channels in the next couple of months.
Zee TV is expected to start airing its programmes in China as soon as it gets the downlinking rights.
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