The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Zee Learn, following a petition filed by private sector lender Yes Bank Ltd. Yes Bank Ltd (YBL) had claimed a default of Rs 468.99 crore by the Essel Group company. Out of the default amount of Rs 468.99 crore, the principal amount was Rs 410.67 crore and Rs 58.32 was interest.
'Social media and AI are tools; they can amplify, archive, and connect, but they cannot replace emotion, discipline, or the years of riyaaz that go into becoming a musician.'
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.
Aryan Khan's much-awaited directorial debut series arrives on OTT this week along with some funny and spicy international content worth binge-watching!
Superheroes, sleuths and Sara Ali Khan in love, catch all kinds of fun-sized action on OTT this week.
Spies, aliens, dogs and lawyers, it's quite a colourful spread on your OTT watch this week, points out Sukanya Verma.
The National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.
The high court observed there was no final adjudication on the subject matter at this stage as the ADJ was yet to hear Bloomberg.
There's room for all kinds on OTT this week, as Sukanya Verma tells us.
Zee Entertainment on Friday said it has "pruned" its Technology and Innovation Centre (TIC) by about 50 per cent following the guidance of a special committee, which had conducted a critical assessment of its several business verticals. The MD & CEO has pruned TIC staff strength by 50 per cent to achieve a cost-effective structure, a Bengaluru-based business vertical of the company that offers technology solutions, Zee Entertainment Enterprises Ltd (ZEEL) said in an official statement.
Lights, camera, ACTION, you'll find them in heaps on OTT this week. Sukanya Verma lists some interesting options.
'Star didn't think Kyunki Saas Bhi Kabhi Bahu Thi was good enough to come immediately after KBC.' 'Except for Ekta, no one imagined it would become such a hit.'
Shahid losing his memory, Nicole losing her mind, Mufasa holding on to both, only on OTT this week.
Witches and westerns, goosebumps and goldfish, it's all there on OTT this week.
Gukesh will have to carry with him the tag of world champion and along with it loads of expectations and increased scrutiny. But the 19-year-old is prepared to stand in the limelight.
'Once I started acting, I gradually started liking it and the perks that come with it.'
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.
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
A superficial drama that never rises above its boring sentimentality, notes Mayur Sanap.
'Deva gave me the chance to push myself as an actor after a long time.'
Christmas romance, heists, thrillers, it's all there on OTT this week. Sukanya Verma lists her recommendations.
The top 10 films of the year may not be great by themselves but they stand out amidst the other OTT releases.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
Zee5 is now the fifth largest streaming app after YouTube, Hotstar, MX Player and Voot, and there is talk of hiving off Zee5 to drive valuation, says Vanita Kohli-Khandekar.
Decapitated ghosts, ancient ghosts, devil judges, devious cartoons, angry young women, it's a super flavourful platter of assorted goodies on the OTT menu this week.
Sukanya Verma gives you some interesting options.
The prime minister and his cabinet will be compelled to do what governments in other democracies must: Listen to criticism from citizens and tolerate it and even learn from it. In doing so, perhaps they can also get a laugh out of the material, as many of us so often do, notes Aakar Patel.
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.
It's FaFa time and more on OTT this week! Sukanya Verma lists her recommendations.
'The maximum struggle that I have gone through in this industry was to try to get a film made which had a female action star.' 'And that film never got made, despite reaching out to some of the biggest actresses.'
Bigg Boss 18 is all set to return to our screens on October 6. Hosted by Salman Khan, the names of the contestants who will be participating are not revealed yet.
Enchanted rings, talking teddy bears and arranged marriages of the phony kind, hijack horror and more on OTT this week.
Fantasy and road trips rule OTT this week. Sukanya Verma gives you options to take your pick from.
Sukanya Verma gives you some great options to choose from.
'Eat that frog' implies that you do a daunting task first so it is out of your way and doesn't stress you, advises Dr Deep Lalvani, founder, Sublime Life, a sustainable beauty care brand.
International Master, renowned trainer and a mentor to many aspirants, Varugeese Koshy, has passed away. He was 66.
As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
Zee Interactive Learning Systems, a wholly owned subsidiary of Zee Telefilms, has firmed up its plans to provide 'smart' schooling in Kolkata.
From damsels versus dragons to showbiz shenanigans, ready to catch all the action on OTT this week?
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