Zee Telefilms bounced back from an early low of Rs 73 following reports that OCB, Delgrada, has pledged another 7.6% equity of the company to brokerage CSFB. \n\n
Zee Telefilms Ltd has formally demerged the company into three entities effective December 18, after it received Bombay high court approval for the split.
A meeting of the board of directors of Zee Telefilms Ltd is scheduled to be held on January 28, 2003 to consider and take on record the financial results for the 3rd quarter ended December 31, 2002.
Zee Telefilms Ltd has posted a net profit of Rs 221.90 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 239.10 million in the quarter ended December 31,2001.
Zee Telefilms has posted a 135 per cent increase in net profit to Rs 32.57 crore for the fourth quarter ended March 31, 2003 when compared with Rs 13.88 crore for the corresponding quarter last fiscal.
Tech stocks proved a major focus of the market on Monday after HCL Tech announced the bagging of a major overseas BPO order.
The Central Information Commission has ruled that the Board of Control for Cricket in India does not qualify as a 'public authority' under the Right to Information Act, effectively placing it outside the scope of RTI disclosures.
The Bombay high court said if the conditions of BCCI's tender are strictly adhered to then both are ineligible to bag the telecast rights.
Zee Telefilms Ltd on Monday approved the merger of all its five Mauritius-based subsidiaries, including Zee MGM, into Asia Today Ltd.
In a bid to strengthen the executive management Zee Telefilm's Subhash Chandra has relinquished the post of managing director and appointed Pradeep Guha as chief executive officer.
Enthused by the recent success of some of its programmes, Zee Telefilms has decided to hike advertisement rates on its channels by 30-40 per cent from the next fiscal.
The promoters' stake in Zee Telefilms Ltd has fallen marginally below the majority 51 per cent mark, while foreign shareholding in the company has risen to 58 per cent during the quarter ending June 30.\n\n\n\n
Sunil Khanna, the chief executive officer of Zee Turner, has been named as the new president of Subhash Chandra-promoted Zee Telefilms Ltd.
The Supreme Court dismissed a petition by Zee Telefilms Ltd., contesting the cancellation of telecast rights.
India's biggest listed media firm, Zee Telefilms Ltd., is considering launching a sports channel with Time Warner Inc.'s Turner International to take on ESPN and Star Sports.
Zee had made a bid of US $219.15 million for five years, during which they will telecast India's overseas cricket series.
It said it will take legal action against the BCCI's decision to go in for a fresh tender for its telecast rights.
