Liquor and airline baron Vijay Mallya, auto major Hero Honda and leading telecom company Reliance Communications have started negotiations with the Board of Control for Cricket in India (BCCI) to buy the rights of teams that will play in the Twenty20 tourney, which was announced to counter Subhash Chandra's Indian Cricket League (ICL).
Debt funds have exposure of nearly Rs 8,000 crore to Zee group papers. Aditya Birla MF, HDFC MF, Franklin Templeton MF, and ICICI Prudential MF have the highest exposure, reports Samie Modak.
In what could be termed as a major breakthrough for the 'rebel' Indian Cricket League, the President of the International Cricket Council David Morgan on Thursday agreed to meet ICL representatives and hear their case.
Indian television industry is estimated to grow at a compound annual growth rate of 13-15 per cent and reach about $11.45 billion by 2014, a top industry official said.
At least half a dozen foreign satellite firms with over 100 C-band transponders have initiated their talks with domestic media firms which are interested in launching headend-in-the-sky cable distribution platform.
Trai, consumer groups need to do some homework on the economics of their insistence.
His comments came amidst a fierce attack that BJP mounted on the UPA for its range of plans aimed at the uplift of minorities, especially Muslims, in the light of the Sachar committee report.
Counting of votes for the two Rajya Sabha seats from Haryana was put on hold on Friday after the Bharatiya Janata Party and the Independent candidate backed by it urged the Election Commission to cancel the votes of two Congress MLAs.
The Essel group would invest close to Rs 500 crore (Rs 5 billion) in the next five to seven years to expand operations under its education portfolio to take the number of schools to 300, a top company official said.
In the cable business, the group is connecting directly with subscribers by taking control of last-mile connections and has lined up Rs 500 crore as infrastructure investment.
Zee Telefilms Ltd has formally demerged the company into three entities effective December 18, after it received Bombay high court approval for the split.
Zee Telefilms said on Wednesday demerged shares of the company, after hiving off the news and cable businesses, will start trading on the stock exchanges from December 18 while the new entities would be listed in January.
Grandhi Rao shot into the limelight with his winning bid to privatize India's second-largest airport and a public offering that made him a billionaire. Now he has to live up to the hype.
The Prime Minister's Office is considering declassification of some files on Netaji Subhash Chandra Bose in a move expected to bring to light fresh information about his mysterious disappearance.
The STAR India-Bennet, Coleman & Company (BCCL) combine, Subhash Chandra's Essel Group and TV 18's HomeShopping 18 are among those who will air home shopping channels in the next couple of months.
It has been known for long that The Times Group (Bennett, Coleman and Company) is the largest. While the News Corporation-owned Star Group briefly lay claim to number two spot, it is now clear that Subhash Chandra's Zee is way ahead of its former partner and now arch rival. At Rs 3,732 crore, the Zee Group is India's second-largest media firm.
The Indian Cricket League is offering the pace ace a "staggering" sum to play in the tournament.
The match fees of the Ranji Trophy players would be increased to Rs 35,000 per day.
As more and more players join Subhash Chandra's Indian Cricket League, the Board of Control for Cricket in India has threatened the players.
Promising 21-year-old batsman Ambatti Rayudu is among the cricketers who have reportedly aligned with the Subhash Chandra-owned Essel Group's parallel venture.
Subhash Chandra Agrawal, a businessman entered the record book for writing maximum letters in a life span, while his wife Madhu Agrawal for writing maximum letters in a year. Agrawal has written 3,699 letters till January 31, 2006, and his wife penned 447 letters in 2004.
A JetLite aircraft with 139 people on board suffered damage to its tail while taking off from Mumbai on Wednesday but managed to land safely at the National Subhash Chandra Bose Airport in Kolkata.No one was injured in the incident described by the airline as a 'tail scrape'. In a statement, JetLite claimed that "at no time was the safety of the passengers and crew compromised" in the incident. The tail of the Kolkata-bound Boeing 737 was damaged while taking off from Mumbai.
Back in the BCCI's fold after resigning from the 'rebel' Indian Cricket League, Rohan Gavaskar is now eyeing a comeback to the Bengal Ranji Trophy team, which he once captained.
Earlier, the minister visited the site of the Indian National Army memorial and described it as a "poignant moment".
The state government has begun the process to acquire land for the university.
It has been the poor man's Madame Tussads for years but the private wax museum, a star tourist puller in the hill resort town of Udhagamandalam (Ooty), is on the verge of 'melting down' following lack of patronage and 'indifferent' attitude of local authorities.
Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.
The Bharti group has applied to the government for a licence to operate direct-to-home television services.
Abhishek drowned on Friday while on a picnic at Dassam falls, about 40 km from Ranchi, with two other BIT students, including Union Railway Minister Lalu Prasad's daughter Ragini.
Here is the lowdown of the each state and parties.
Delhi HC has stayed CLB order against Essel group's bid on UNI. The tranfer of shares too has been termed null and void.
If it were a corporate entity, the Board of Control for Cricket in India would have been among the country's top 170 companies in terms of revenues (2007) -- much larger than Zee Entertainment (Rs 1,515.88 crore) for which promoter Subhash Chandra is waging a bitter battle against the official cricket board to develop 20-20 cricket in India.
"Forward block leaders met Prime Minister Dr Manmohan Singh and Home Minister Shivraj Patil and requested for extension of the commission's tenure since the probe is incomplete," Bose, a nephew of Netaji, told reporters in Nagpur on Saturday.
Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and programme libraries.
Buddhadev Bhattacharjee criticised the Congress for not according the 'due importance' to Netaji, as it did to Mahatma Gandhi.
The full-fledged residential academy will accommodate the country's top 80 emerging cricketers and be equipped with a health centre, gymnasium and restaurants.
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