Subhash Chandra, the chairman of the Essel Group, which has launched the breakaway Indian Cricket League, made it clear that the ongoing ICL-BCCI stand-off is not an "ego clash" between him and BCCI president Sharad Pawar and said they continue to be
Subhash Chandra making headlines is no longer news. For some years now it has been for his no-holds-barred feud with the Board for Control of Cricket in India.
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.
Rajya Sabha MP Subhash Chandra on Tuesday filed his nomination from Rajasthan for the elections to the Upper House of Parliament as an Independent backed by the Bharatiya Janata Party.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
The company has kicked off sale of infrastructure assets as well as sale of a part of the promoter holding in Zee to repay loans.
The court left it to the central government to decide whether to extend the term of the commission beyond May 13, 2005.
Subhash Chandra, Chairman, Zee & Essel Group has received the Honorary Doctorate of Business Administration from the University of East London (UEL).
The Essel Group website calls him a "karmyogi", defined as someone who believes in action rather than worry about its consequences.
Zee Group is India's second-largest media and entertainment firm.
The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid. "I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. "About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. "We are making all the required efforts to settle the remaining 8.8% of our total debt.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Rs 40 crore already deployed in a residential project in Chennai.
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
Here are the famous faces who turned up to vote.
Zee's revival taught him that professionalising is fine but shareholders can never forfeit responsibility.
Markets regulator Sebi on Monday barred Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka from holding the position of a director or key managerial personnel in any listed company for siphoning off funds of the media firm. The case pertains to Chandra, who was also the chairman of ZEEL during the alleged violation, and Goenka having abused their position as directors or KMPs of a listed company for siphoning off funds for their own benefit. In its interim order, Sebi noted that Chandra and Goenka alienated the assets of ZEEL and other listed companies of Essel Group for the benefit of associate entities, which are owned and controlled by them.
A 22-year-old man was allegedly beaten to death in Rajasthan's Sriganganagar district by the brothers of a married woman after they objected to him speaking to her over the phone, police said.
National Security Advisor Ajit Doval emphasized the need to strengthen India's security across all sectors, including the economy, to address historical vulnerabilities. He highlighted the sacrifices of freedom fighters and the importance of strong leadership.
His exit has created a benchmark of sorts for how entrepreneurs and businesses should deal with debt crises. Unlike many other Indian businessmen, he hasn't fled, tried to hang on to the business by any means or wrangle out of the debt by using his closeness to the current government. It is so very rare for Indian media businesses to grow out of their founding family's shadow, however, benevolent it may be.
A charge-sheet against Chandra and 12 others was filed.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
'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.
Zee News, Zee Media's flagship brand, was at the centre of a controversy over its media practices that pushed Subhash Chandra towards BJP.
Civil Aviation Minister K Rammohan Naidu on Friday said various operational measures, including keeping new flight duty norms in abeyance, will help address the IndiGo flight disruptions, and complete restoration of services is expected in next three days.
RSS chief Mohan Bhagwat stated that the Sangh's objective is to unite society, not to seek power or become a pressure group. He emphasized that the RSS is not against anyone and aims to support positive efforts in the country.
Aviation watchdog DGCA has set up a four-member committee to carry out a comprehensive review and assessment of the circumstances that led to the massive flight disruptions.
The reduction in value of Chandra's assets comes close on the heels of the group's debt burgeoning to over Rs 12,000 crore, much of which he had raised by pledging his shares to banks and mutual funds in his flagship company ZEEL after many of the groups infrastructure bets did not take off.
Congress candidates Randeep Surjewala, Mukul Wasnik and Pramod Tiwari were elected to the Rajya Sabha, according to a tweet by Rajasthan Chief Minister Ashok Gehlot.
The broader theme of the performance will be -- 'Swatantra Ka Mantra - Vande Mataram' and 'Samriddhi Ka Mantra - Viksit Bharat', officials said.
Home Minister Amit Shah criticized the opposition in Rajya Sabha, linking the division of the 'Vande Mataram' song to the partition of India. He accused Congress and Jawaharlal Nehru of dividing the song for appeasement politics.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
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.
In a measured but scathing attack, Congress MP Priyanka Gandhi Vadra on Monday accused the Bharatiya Janata Party of committing a 'big sin' by creating a controversy over Vande Mataram and claimed that the government pushed for a debate on the national song as the West Bengal assembly polls were approaching.
Passengers complained of last-minute alerts, lack of communication and long queues as flight operations continued to be hit nationwide.
'If they said the shift is at 9, I would reach by 9. But no one came until 12. Slowly over the time, I felt very disappointed with the whole thing.'
V Shantaram is a historical biographical drama that honours the life, spirit and cinematic uprising of one of India's most visionary storytellers.
A man running a community kitchen for pilgrims was rescued alive after being trapped under debris for 30 hours following a cloudburst in Kishtwar, Jammu & Kashmir. The disaster has left many dead or missing and the annual pilgrimage suspended.
The rebel tournament of Zee group chief Subhash Chandra, the Indian Cricket League, is set to take birth on Friday at Chandigarh's Tau Devi Lal stadium; though pangs remain.
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