Government and the media do not communicate enough, thinks the man who manages India's largest media company.
With three more direct-to-home operators set to enter the market by the year-end, subscribers can expect services at even cheaper rates.
Dish TV, the DTH arm of Zee group which will list on the stock markets in October-November this year, expects to break-even by fiscal 2008-09.
The Securities and Exchange Board of India (Sebi) has proposed to put a stop to the practice of certain directors occupying permanent board seats at listed companies. The regulator has suggested that the directorship of any individual serving on the board should be subject to periodic approval from shareholders, at least once in five years. In a discussion paper issued on Tuesday, Sebi said a few promoters enjoyed permanency on the board, giving them an undue advantage, prejudicial to the interests of public shareholders.
'We should become an all-encompassing entertainment and information destination," says chairman Subhash Chandra, who monitors the group on a monthly basis, leaving the day-to-day operations to the chief executive officers.
The chairman of the Essel Group says he has settled 91.2 per cent of the estimated Rs 11,000 crore debt on the group's books.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
Even as the corporate battle over Zee Entertainment Enterprises (ZEEL) has reached the Bombay high court, another Essel Group firm - Dish TV India - is gearing up for a legal battle with YES Bank by planning to move the National Company Law Tribunal to appoint six of its nominees on the board of the loss-making company. While Dish TV said YES Bank has acquired 26 per cent stake by invoking the pledged shares of Essel Group promoter, it also said YES Bank must make an open offer to shareholders of the company, according to the Securities and Exchange Board of India (Sebi) takeover code. This, as YES Bank is seeking to take control of the company, said Dish TV.
The share capital of the company is Rs 1 crore (Rs 10 million).
Of the 104, three persons, including Yadav and his two associates, were killed during the operation.
External Affairs Minister Sushma Swaraj briefed them about the operation that destroyed Jaish-e-Mohammed's terror training camp in Balakot in Khyber Pakhtunkhwa province of Pakistan.
Karnataka Chief Minister H D Kumaraswamy said though it was his government's responsibility to ensure its smooth screening, he once again advised the distributors to delay it till the Cauvery dispute was resolved.
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