The railways, whose performance in public-private partnership projects has been dismal, will try five different models for inviting private sector participation for last-mile connectivity projects.
The National Company Law Tribunal (NCLT) has reserved its order on the merger of Zee Entertainment Enterprises and with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The Mumbai bench of NCLT, comprising H V Subba Rao and Madhu Sinha, reserved the order on Monday, after hearing arguments from creditors who objected to the scheme including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp and IDBI Trusteeship. In December 2021, Zee Entertainment and Sony Pictures had agreed to merge their businesses.
The railways observed a week of Azadi ki Rail Gadi, from July 18-23, through 27 trains and 75 railway stations, across 24 states that are linked to the Indian freedom struggle.
Two of the country's top business houses -- the Anil Dhirubhai Ambani Group and the Subhash Chandra-controlled Essel Group -- have come together to set up gaming centres across the country. Groundwork for these centres will begin on April 1. Chandra's E-City Media has struck an alliance with Zapak Digital Entertainment to this effect.Globally, gaming is one of the leading entertainment businesses with the industry size pegged at around $35 billion today.
Disney Star is mulling legal actions against Zee Entertainment for backing out from a $1.4 billion sub-licensing agreement for TV broadcast of international cricket matches in India, according to industry sources. This could brew another legal trouble for Zee Entertainment Enterprises Ltd (ZEEL), which is already facing an arbitration plea by Sony Group at the Singapore International Arbitration Centre, claiming $90 million for breach of conditions of their merger agreement. Disney Star, an Indian subsidiary of media conglomerate The Walt Disney Company, is working on its strategy over the development, said industry sources.
A former IAS officer, historian and novelist, Vishwas Patil makes his debut as a director with Kangana Ranaut starrer Rajjo.
Sets up new financial services arm, Amit Goenka joins as CEO.
It was not immediately clear when Garg submitted his voluntary retirement scheme application to the government. It was also not known if the government would accept the application. If he hadn't applied for VRS, he would have retired from government service at the end of October 2020 on attaining of 60 years of age. Garg did not answer phone calls seeking his comments.
Activist Subhash Chandra Agarwal had appealed to the CIC saying that the government had not provided "any information on the ground that the desired records constituted Cabinet papers and therefore could not be disclosed."
Say chief executive's claim is grossly incorrect and as many as 90% of the employees have outrightly rejected the offer.
Even as the World Cup debacle lingers on everyone's mind, advertising agencies have welcomed Zee group chief Subhash Chandra's announcement of a parallel cricket league in the country.
The group was originally planning to raise a $100-million (around Rs 560 crore today) offshore fund but is now targetting $200 million, said Amit Goenka, managing director and chief executive of Essel Financial Services, the group's financial services arm.
Zee group Chief Subhash Chandra on Saturday met Pakistan President Pervez Musharraf and discussed the role media and entertainment industry can play in improving Indo-Pak relations.
To keep interest levels alive and compete with the star and money power of rival Indian Premier League (IPL), the Subhash Chandra-promoted Indian Cricket League (ICL) today matched the prize money of IPL for its next tournament. ICL will pay a prize money of $3.08 million (Rs 12.33 crore) for 'Edelweiss 20s Challenge', matching the $3 million (Rs 12 crore) offered by IPL. The second edition of the ICL tournament kicks-off on Tuesday at Panchkula, Hyderabad and Gurgaon.
A poster showing Ramdev's close aide Balakrishna alongside Mahatma Gandhi and other freedom fighters at his protest venue on Thursday triggered a controversy following which the yoga guru expressed regret.
Essel Group has confirmed its plans to set up a rival Twenty20 cricket league.
India play their first Day/Night Test against Bangladesh in Kolkata from November 22 and both the teams have reached the eastern megapolis.
The Big B received the award from Shankaracharya of Kanchi.
At a press conference in New Delhi, Subhash Chandra announced that the league will be floated with a corpus of Rs 100 crore, and will offer top prize money of $ 1 million
Zee Network, India's leading media and entertainment group, will invest $50 million for setting up its headquarters in the Middle East, company chairman Subhash Chandra said.
RBI Governor Shaktikanta Das and Finance Secretary Subhash Chandra Garg are also expected to attend the meetings.
Zee Entertainment Enterprises Ltd (ZEEL) is seeking rapprochement with Sony Group as it makes a last-ditch effort to resurrect a $10 billion merger, according to industry sources. After the Japanese multinational firm pulled the plug on its $10 billion merger deal in January, the Indian company reached out again to Sony to reconsider the termination and offered for talks this month, a source said. On the other hand, Sony is understood to be evaluating the proposal from Zee.
Glowing tributes were today paid to Captain Lakshmi Sehgal with President Pratibha Patil describing her as a great patriot and Prime Minister Manmohan Singh saying the country had lost an icon of selfless service in her death.
Sehgal(97), who was ill for some time, suffered a heart attack this morning at her residence in Civil Lines area in Kanpur, Sehgal's daughter Subhashini Ali told media persons.
Chairman of Zee Telefilms Ltd. Subhash Chandra alleged that the BCCI chief had threatened him on telephone of causing harm to his life in connection with the cricket telecast rights issue.
DB Corp, which publishes the country's second most widely read paper Dainik Bhaskar, has been gradually reducing its stake in DNA and wants to focus on the growth in regional markets.
Delhi court has issued warrants to produce two Zee News editors before it on December 8, on a plea by the police for their custody.
Culver Max Entertainment, formerly known as Sony Pictures Networks India (SPNI), has terminated merger agreements with Zee Entertainment, which could have otherwise created a USD 10 billion media enterprise in the country.
For all those sceptics who wondered whether the Essel Group's Subhash Chandra would be able to pull off a parallel cricket league, a line-up of players and a business plan is already in place.
The BJP declared Chandra Kumar Bose, grandnephew of Subhash Chandra Bose, its candidate against West Bengal Chief Minister Mamata Banerjee in the assembly elections.
The BJP on Wednesday also named its in-charges for assembly bypolls to four seats in Tripura.
Under attack for his "takeover" of UNI, Zee group chairman Subhash Chandra on Friday said he was only joining other shareholders to bail out the news agency from its financial crisis, which would require an investment of Rs 100 crore (Rs 1 billion)
A frail Capt Lakshmi Sehgal, who had led the women's wing of Netaji Subhash Chandra Bose's Indian National Army, met patients at her Kanpur clinic a day before she suffered a heart attack last Thursday.
The Chief Information Commissioner on Friday directed the Union Ministry of Home Affairs to disclose all its records used by the Justice Mukherjee Commission to probe the alleged disappearance of Netaji Subhash Chandra Bose in 1945.
The DTH industry had been growing at an explosive rate, with 100 per cent increase in customer base and a steady income from customers.
The XLRI School of Management, Jamshedpur, invites corporates, entrepreneurs, professionals, MBA students and undergraduate students to attend its annual festival, Ensemble 2007.
