Invesco, the single largest shareholder of Zee Entertainment Enterprises Ltd (ZEEL), on Wednesday said it had tried to facilitate a possible deal between Reliance and the company but refuted claims it had pushed for the transaction at a lower valuation. The latest statement from Invesco comes a day after ZEEL chief Punit Goenka told the company's board that Invesco had come with a proposal in February for a merger with certain entities owned by a large Indian group (Strategic Group) with inflated valuation "by at least Rs 10,000 crore". In a statement on Wednesday, Invesco mentioned that Reliance was the large Indian group.
Hollywood actor-filmmaker Clint Eastwood poked fun at Caitlyn Jenner at the Spike TV Guys' Choice awards.
In the continuing battle between the promoter family and Invesco, ZEEL said its MD and CEO Punit Goenka has informed its board about a proposal made by Invesco about the merger, under which Strategic Group would hold majority stake but he was offered to be appointed as MD and CEO of the merged entity besides offering 4 per cent stake. In a regulatory filing, ZEEL alleged that Invesco's stance in their Open Letter that they "will firmly oppose any strategic deal structure that unfairly rewards select shareholders, such as the promoter family, at the expense of ordinary shareholders" runs contrary to the very deal Invesco was proposing itself a few months ago.
'In the lockdown, family viewing became even more important.' 'Kids saw adult content and adults saw a lot of kids content.' 'The audience is no longer just the housewife, but the whole family.'
he battle has moved to the small screen and guess who's winning? Urvi Malvania reports.
The country will host the first ever live NBA match in October this year
The four south Indian languages grew by 7% while regional languages within the Hindi speaking markets (such as Bhojpuri, Bangla, Marathi, etc) grew by 26%.
With the acquisition of Hotstar, Disney gets immediate access to the OTT market.
Sri Lanka Cricket, currently fighting the menace of deep-rooted corruption, was dealt a blow after its Chief Financial Officer was arrested for alleged financial fraud, police said on Monday.
The India-Australia series comes at the end of the calendar year, in a quarter when most brands are close to the end of their advertising budgets.
After the second day, BCCI's media rights value has already gone up by 56 percent with the per match value touching nearly Rs 60 crore (Rs 59.16 crore) for 102 international games across three formats.
Phogat, who will make her MMA debut against South Korea's Kim Nam-hee at One Championship's Age of Dragons event in Beijing on Saturday,
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.
Google is the most attracitve employer in India followed by Sony
In the second major change in a year, Trai had capped individual channel subscription at Rs 12 per month, down from the earlier Rs 19, and capped channel bundle discount to 33 per cent, among other moves.
But the only stumbling block, and quite a dampener, would be the Rs 43,000 price tag, says Himanshu Juneja.
We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.
'For the first couple of years, it is about building the league.' 'We are positive that the quality of matches will attract eyeballs.'
Urvi Malvania reveals STAR India's big plans for IPL-11.
In 2015, e-commerce contributed significantly to the growth in television advertising revenues.
Demerging print and TV news businesses will allow for separate investment by interested players.
Stock market investments are always said to involve risks and people who made big fortunes often made headlines as scamsters, leading to Dalal Street always being looked at with suspicion, but Rakesh Jhunjhunwala was broadly an exception. Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a $5.8 billion fortune and earn the tag of the country's biggest individual investor, leaves behind a relatively cleaner slate, as was seen in the most common description for him -- 'India's own Warren Buffett'. Unlike names like Harshad Mehta and Ketan Parekh, whose rise in fortunes in post-liberalised India was tainted with scam links, the newest 'Big Bull' in the more-regulated market had lesser baggage on this front.
Nagpur-based Slum Soccer is transforming the lives of slum children with the help of football, writes Geetanjali Krishna.
The entire series consists of the shorter format of cricket, which draws more audiences.
The current broadcasting platforms believe the road ahead for Netflix might not be a cakewalk
OTT players like Netflix, Hotstar, and Voot are keen to find a common currency to measure viewership numbers and improve advertising options as well as content. Urvi Malvania reports.
'We want to prove to the world that they will get the best code written from a small place like Wayanad.'
...it won't be a cakewalk Former England opener Mark Butcher says a series win in Australia will seal India's greatness
Star's maths is simple: It expects to make something close to Rs 40 billion from the two properties in the first year (2018) itself, which is pretty close to its break even point
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
'The way he's made that adjustment, mental adjustment, that is brilliant, fantastic. And that is the reason why he was able to get big runs'
PIO finds similarities between WannaCry code and other tools created by Lazarus Group in the past.
Teams play safe, retain star players, total purse at Rs 148 crore versus Rs 198 crore last year
Tokyo -- the songs Japan, Love In Tokyo and Sayonara from the 1966 Hindi film automatically pop up in the mind -- is buzzing and crowded like any other metropolis, discovers Deepa Gahlot. The modern apartment blocks are built cheek by jowl, so close together that one can open the window and borrow sugar from the neighbour in the next building. One of the fears of the Indian traveller is the unavailability of vegetarian food. Every city and town in Japan has an array of Indian restaurants that serve every variety of cuisine, right from Gujarati to Punjabi to Andhra and Kerala meals.
YRF may come out of the debacle fairly unscathed financially. The exhibitors and smaller distributors will take almost 75% of the hit.
Britain's National Cyber Security Centre, leading the international investigation, believes that a hacking group known as Lazarus launched the attack.
Having done exceedingly well to not just turn up but run roughshod over a hapless Zimbabwe on all fronts in the preceding two One-Day Internationals, India goes into the third and final match of the series knowing well that the script is unlikely to change when the teams meet again at the Harare Sports Complex on Monday.
It is all about hitting the ball high and timing it right.
From Shah Rukh Khan and Salman Khan to Chiranjeevi and Prabhas, India's film stars are stepping forward to do their bit for migrants, daily wage workers and those from their own film industry facing joblessness and near starvation in an unprecedented pan-India lockdown.
Park is charged with one count of conspiracy to commit computer fraud and abuse and one count of conspiracy to commit wire fraud.
