Zee Interactive Learning Systems, a wholly owned subsidiary of Zee Telefilms, has firmed up its plans to provide 'smart' schooling in Kolkata.
The Supreme Court upheld Madras high court order that the BCCI was right to cancel the telecast tender process
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.
The Foreign Investment Promotion Board is believed to have cleared Zee Telefilms' plan of raising $100 million as foreign currency convertible bonds subject to the condition that the company brings down total foreign shareholding to 26 per cent
ZEE Telefilms shot off a letter to the BCCI, urging it to "leave the unpleasantness behind" and find a way to sort the telecast rights issue
The company will make public the outcome of its Board meeting on telecast rights only after it files an affidavit in court.
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 has maintained its bouquet pricing at Rs 55 for post conditional access system regime - becoming the first company to announce its price structure.
The television channel is asking the court to set aside BCCI's decision to cancel the telecast rights contract for cricket matches held in India between 2004 and 2008.
DTH viewers subscribing to the Tata Sky platform may not be able to watch the channels from the Zee TV bouquet after July 28. The reason is that Tata Sky has an outstanding bill of Rs 9 crore (Rs 90 million).
Zee Telefilms announced acquisition of 50 per cent stake in Dubai-based Ten Sports for Rs 256.5 crore, as part of efforts to cement its position in the sports broadcasting business.
The board of Zee Telefilms Ltd has recommended 55 per cent dividend for the financial year 2002-03 involving a total payout of about Rs 23 crore (Rs 230 million).
Subash Chandra-promoted Zee Group has signed an agreement with Dubai-based Taj Television Ltd to acquire 50 per cent stake in Ten Sports.
Zee filed an application before the Supreme Court seeking telecast rights for the India-Australia Test cricket series.
The company said it will deposit the US $20 million signing amount for telecast right within the stipulated time.
Zee Telefilms Ltd is to raise upto $100 million through external commercial borrowings by the end of the current fiscal to fund its equipment upgradation plans.
Zee Telefilms, one of India's leading television companies, is now making a foray into film production with One Dollar Curry, an Indo-French venture that chronicles the life of a young Indian immigrant who makes it big in France.\n\n\n\n
They were among nine corporates that reported over a Rs 1,000 crore gain in market capitalisation in a month
The Board told the Bombay high court its tender with Zee Telefilms is not condluded, following which ESPN-Star Sports withdrew its petition.
The High Court also gave the BCCI the freedom to engage any producer for the purpose of live feed except Zee Telefilms Ltd and ESPN Star Sports.
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.
The Delhi high court allowed the BCCI to open technical bids for grant of telecast and broadcast rights in India for the next four years after Zee Telefilms said it has no objection to it.
Micro dramas -- typically 30 seconds to one to two minutes long per episode -- are designed for mobile-first audiences.
The Madras HC will pass orders for interim arrangements for telecasting the India-Pakistan series on Thursday.
