News for 'Goenka Group'

Ambanis Rejoice!

Ambanis Rejoice!

Rediff.com25 May 2023

It was delight for owner Nita Ambani and elder son Akash Ambani as five-time champions Mumbai Indians demolished Lucknow Super Giants in the IPL Eliminator match.

RPG group to slash 10,000 jobs

RPG group to slash 10,000 jobs

Rediff.com13 Nov 2003

India Inc pays rich tributes to Manmohan Singh

India Inc pays rich tributes to Manmohan Singh

Rediff.com27 Dec 2024

Singh, who opened up the economy as finance minister and served as prime minister for two consecutive terms, died on Thursday at the age of 92. "History will forever honour his pivotal role in the transformative 1991 reforms that reshaped India and opened its doors to the world.

What Went WRONG with LSG?

What Went WRONG with LSG?

Rediff.com20 May 2025

It was Rishabh Pant's brief, unconvincing stint at the crease that starkly epitomised his season-long struggle

KKR denies banning Mohun Bagan fans at Eden Gardens

KKR denies banning Mohun Bagan fans at Eden Gardens

Rediff.com22 May 2023

Mohun Bagan accused Kolkata Knight Riders of high-handedness after their jersey-wearing fans were denied entry into the Eden Gardens.

IPL money inflow shot in the arm for county cricket

IPL money inflow shot in the arm for county cricket

Rediff.com13 Feb 2025

While GBP 50 million is earmarked for grassroots and recreational cricket, the 18 English county teams will get a share of GBP 470 million with larger pie allocated for those clubs that don't own a 'Hundred Franchise'.

Appeal against 2G acquittals 'ripe for hearing', CBI tells HC

Appeal against 2G acquittals 'ripe for hearing', CBI tells HC

Rediff.com14 Feb 2025

The Central Bureau of Investigation on Friday informed the Delhi high court that its appeal against the acquittal of former telecom minister A Raja and 16 others in the 2G spectrum allocation case was 'ripe for hearing'.

Adani, Goenka could lead the charge at IPL team bidding

Adani, Goenka could lead the charge at IPL team bidding

Rediff.com24 Oct 2021

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.

Dipali Goenka is the CEO we need now

Dipali Goenka is the CEO we need now

Rediff.com21 Feb 2020

A video of the CEO dancing along with her staffers is winning the Internet and encouraging other leaders to make workplaces happier.

Ganguly quits Bagan role to avoid conflict of interest

Ganguly quits Bagan role to avoid conflict of interest

Rediff.com28 Oct 2021

BCCI president Sourav Ganguly, who also holds the post of director at ATK Mohun Bagan, has decided to step down from the position in the Indian Super League franchise to avoid any potential conflict of interest.

New IPL teams: Goenka gets Lucknow; CVC bags Ahmedabad

New IPL teams: Goenka gets Lucknow; CVC bags Ahmedabad

Rediff.com25 Oct 2021

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.

40 Delhi schools get bomb threat, $30,000 demand

40 Delhi schools get bomb threat, $30,000 demand

Rediff.com9 Dec 2024

Around 40 schools in Delhi received a bomb threat mail Monday morning with the sender demanding US

Why Mumbai's Luxe Homes Are Losing Their Shine

Why Mumbai's Luxe Homes Are Losing Their Shine

Rediff.com24 Apr 2025

Mumbai -- home to industry titans and Bollywood stars -- is witnessing a slow offtake of houses priced between Rs 10 crore and Rs 50 crore. Industry insiders and real estate watchers explain why.

Deepika-Ranveer Singh to buy IPL team?

Deepika-Ranveer Singh to buy IPL team?

Rediff.com22 Oct 2021

According to Outlook, Adani Group and the RP-Sanjeev Goenka Groups are no more the favourites to bag the new teams.

Public money being stolen in NCLT resolution cases: Harsh Goenka

Public money being stolen in NCLT resolution cases: Harsh Goenka

Rediff.com22 Jun 2021

RPG Enterprises Chairperson Harsh Goenka on Tuesday said the NCLT should be the next institution to be cleansed by the government to prevent "hard earned public money being stolen" as companies' promoters stash away money on the side and get "80-90% haircut" from bankers during the insolvency resolution process. In an apparent reference to recent cases of insolvency proceedings of some firms wherein creditors have taken huge haircuts on their dues, Goenka said it is the "new game in town". Insolvency resolution plans require approval of the National Company Law Tribunal (NCLT).

Survey not in favour of over 60-hr work week

Survey not in favour of over 60-hr work week

Rediff.com31 Jan 2025

Amid a debate over 70-90-hour work week, the pre-Budget Economic Survey on Friday cited studies to state that spending over 60 hours a week on work could have adverse health effects. The survey noted that spending long hours at one's desk is detrimental to mental well-being and individuals who spend 12 or more hours (per day) at a desk have distressed or struggling levels of mental well-being.

Delhi Capitals get Rahul boost for Sunrisers clash

Delhi Capitals get Rahul boost for Sunrisers clash

Rediff.com29 Mar 2025

Fresh from their morale-boosting win over LSG, and bolstered by the return of India wicketkeeper-batter K L Rahul, Delhi Capitals will look to build on the momentum when they take on formidable Sunrisers Hyderabad in the IPL match in Visakhapatnam on Sunday.

Working hours to increase from 70 or 90 hrs per week? Govt says...

Working hours to increase from 70 or 90 hrs per week? Govt says...

Rediff.com3 Feb 2025

The take by the Economic Survey 2024-25 on work hour week had come weeks after Larsen & Toubro Ltd Chairman and Managing Director SN Subrahmanyan sparked off a raging debate on social media when he said employees should work 90-hour a week, including on Sundays rather than sit at home.

Zee - Sony merger deal sealed; Punit Goenka to be MD, CEO

Zee - Sony merger deal sealed; Punit Goenka to be MD, CEO

Rediff.com22 Dec 2021

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.

2 key shareholders seek Zee MD Punit Goenka's removal

2 key shareholders seek Zee MD Punit Goenka's removal

Rediff.com14 Sep 2021

Two investment firms, together accounting for 17.88 per cent of the paid-up share capital of Zee Entertainment Enterprise Ltd (ZEEL), have sought the removal of the current managing director Punit Goenka from the board of the company. The two investment firms are -- Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC, the largest shareholder of ZEEL. The two firms have called an extraordinary general meeting of shareholders seeking to remove Punit Goenka.

Emami has built itself through acquisition, but...

Emami has built itself through acquisition, but...

Rediff.com8 Oct 2024

Two young men jostle in a rickshaw as it clatters along a narrow, bustling lane of North Kolkata, each with a leg dangling over the side of the vehicle, a bulging sack of cosmetics nestled between them. The protagonists here are the founders of Emami - Radhe Shyam Agarwal and Radhe Shyam Goenka - childhood friends who gave up cushy corporate jobs to build a fast-moving consumer goods (FMCG) company. From a 200-square-foot rented space on Muktaram Babu Street in North Kolkata, brand Emami stepped into the competitive world of FMCG 50 years back, armed with just three products: Vanishing cream, talcum powder, and cold cream.

Invesco agrees to Zee-Sony deal; not to seek Goenka's ouster

Invesco agrees to Zee-Sony deal; not to seek Goenka's ouster

Rediff.com24 Mar 2022

Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove managing director and CEO Punit Goenka and two independent directors. The company said it will support the merger of Zee and Sony, contending the "deal in its current form has great potential for Zee shareholders" but added if it is not completed as currently proposed, Invesco retains the right to requisition a fresh EGM. Two days after the Bombay high court ruled that Invesco's call for EGM was legally valid, the investment firm in a statement said, "Since we announced our intention to requisition an EGM and add six independent directors to Zee's Board of Directors, Zee has entered into a merger agreement with Sony.

Will Punit Goenka manage to 'rescue' Zee?

Will Punit Goenka manage to 'rescue' Zee?

Rediff.com11 Dec 2019

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.

Mohun Bagan colours to take over Eden Gardens in KKR's final league game!

Mohun Bagan colours to take over Eden Gardens in KKR's final league game!

Rediff.com18 May 2023

Lucknow Super Giants will don Mohun Bagan's colours when they take on Kolkata Knight Riders during their final league game on Saturday.

Ratan Tata Passes Away At 86

Ratan Tata Passes Away At 86

Rediff.com10 Oct 2024

For the past few days, Tata had been admitted to the Breach Candy Hospital in south Mumbai.

Industrialist Rama Prasad Goenka is no more

Industrialist Rama Prasad Goenka is no more

Rediff.com14 Apr 2013

He was 83. Goenka is survived by his wife Sushila and sons Harsh Vardhan and Sanjiv.

Events that shaped Indian businesses in 2024

Events that shaped Indian businesses in 2024

Rediff.com1 Jan 2025

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.

Tributes pour in for Tata's 'Ratan'

Tributes pour in for Tata's 'Ratan'

Rediff.com10 Oct 2024

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.

Sanjiv Goenka leads race for Firstsource acquisition

Sanjiv Goenka leads race for Firstsource acquisition

Rediff.com25 Oct 2012

The BPO's board will meet on Friday to finalise deal.

90-hour workweek: What ITC chairman Sanjiv Puri says

90-hour workweek: What ITC chairman Sanjiv Puri says

Rediff.com14 Jan 2025

Weighing in on the 90-hour workweek controversy, ITC Ltd chairman Sanjiv Puri said that it is more important for the workers to be aligned to the grander vision of the company rather than the number of hours put in. Giving an analogy of many workers building a castle, he said, "If you ask a mason what he is doing, he might say he is laying a brick, another might say he is building a wall but some might say he is building a castle.

Punit Goenka to continue as Zee MD as lenders prepare for share sale

Punit Goenka to continue as Zee MD as lenders prepare for share sale

Rediff.com6 Nov 2019

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.

'Do you need a bowling coach when I am here?': Zaheer

'Do you need a bowling coach when I am here?': Zaheer

Rediff.com28 Aug 2024

Former India pacer Zaheer Khan on Wednesday assumed the role of Lucknow Super Giants team mentor.

Kolkata Firms Who Bought Electoral Bonds

Kolkata Firms Who Bought Electoral Bonds

Rediff.com25 Mar 2024

Trinamool Congress is the second highest recipient of political donations through electoral bonds.

'Legends Never Die': A tribute to Ratan Tata

'Legends Never Die': A tribute to Ratan Tata

Rediff.com10 Oct 2024

Industry leaders including Google's India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. "He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google's office where they spoke about the progress of self-driving car Waymo.

Should You Invest In NBFC Bonds?

Should You Invest In NBFC Bonds?

Rediff.com23 Sep 2024

When evaluating bonds, returns shouldn't be the sole factor. Pay close attention to the bond's credit rating. It should ideally be AA or higher.

GP Goenka kicks off viability study

GP Goenka kicks off viability study

Rediff.com14 Feb 2005

Zensar pay to Goenka under proxy firm scanner

Zensar pay to Goenka under proxy firm scanner

Rediff.com12 Jul 2015

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

Fate of $10 billion Zee, Sony merger in limbo

Fate of $10 billion Zee, Sony merger in limbo

Rediff.com8 Jan 2024

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.

Spencer's Retail to acquire Nature's Basket for Rs 300 crore

Spencer's Retail to acquire Nature's Basket for Rs 300 crore

Rediff.com17 May 2019

Natures Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore.

Anant Goenka to be Ceat deputy MD

Anant Goenka to be Ceat deputy MD

Rediff.com22 Dec 2009

The move comes on the back of a series of next generation family members taking over the reins from current promoters. Roshni Nadar, daughter of HCL founder Shiv Nadar, took over as CEO of the company in July. Nandini Piramal, eldest child of Ajay and Swati Piramal, became executive director of Piramal Healthcare in April.