The Competition Commission of India on Tuesday approved with certain conditions the mega-merger deal between media groups Sony and Zee. In a tweet, the watchdog said it has cleared the deal with certain modifications. The proposed merger was announced in September last year. CCI said it has approved the "amalgamation of Zee Entertainment Enterprises Limited (ZEE) and Bangla Entertainment Private Limited (BEPL) with Culver Max Entertainment Private Limited (CME), with certain modifications".
Reliance-Disney skips bidding
Witches and westerns, goosebumps and goldfish, it's all there on OTT this week.
Manjulika, Bajirao Singham, Squid Games, it's an action-packed end to 2024 on OTT this week.
A very good mix of movies and Web series arrives on OTT in January.
R Praggnanandhaa, the newly-crowned Tata Steel Chess champion, was given a warm reception upon his return to Chennai. The 19-year-old made history by defeating reigning World Champion D Gukesh in the final, marking the biggest win of his career. Fans, officials from the Tamil Nadu government, and the national federation gathered at the airport to welcome the young chess prodigy. Praggnanandhaa became the first Indian after Viswanathan Anand to win the Tata Steel Chess title.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises Ltd and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the Mumbai bench, headed by H V Subba Rao and Madhu Sinha, will pave the way for the creation of a $10-billion media company, the biggest in the country. The tribunal also dismissed all objections regarding the merger.
World champion D Gukesh played out a draw with Jorden van Foreest of Holland, while Grandmaster R Praggnanandhaa beat Alexey Sarana of Serbia as the two Indians shared the lead after a thrilling day at the Tata Steel Masters at Wijk Aan Zee (The Netherlands) on Saturday.
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.
Gukesh draws with Wei Yi; Praaggnandhaa outwits Caruana
Indian Grandmaster R Praggnanandhaa continued his strong run at the Tata Steel Masters, winning his third consecutive game to take his tally to 8.5 points after the 12th round.
The biographical drama is caught up in controversy after some Sikh organisations including the Shiromani Akali Dal objected, accusing it of misrepresenting the community and getting historical facts wrong.
Crime Beat is engrossing enough to binge-watch, endorses Deepa Gahlot.
'This is a first-of-its-kind partnership in the Indian media & entertainment landscape, and this association with Disney Star reflects our sharp, strategic vision for the sports business India.'
Interestingly, all of R Praggnanandhaa's victories have come at the expense of the Indians so far in the tournament.
The biographical drama is caught up in controversy after some Sikh organisations including the Shiromani Akali Dal objected, accusing it of misrepresenting the community and getting historical facts wrong.
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
Newly-crowned world chess champion D Gukesh is looking forward to the day when the sport will become a part of the Olympic curriculum, which, he said, would take it to an altogether different level not just in India but across the world.
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday directed Zee Entertainment to convene a shareholders' meet on October 14 for approving the merger with Culver Max Entertainment (formerly Sony Pictures Network). The order, passed on August 24, but uploaded to the bourses on Wednesday, comes close on the heels of the Competition Commission of India (CCI)'s observation that the $10-billion merger could hurt competition and that greater scrutiny of the deal was needed. "This Tribunal hereby directs that a meeting of the equity shareholders of the applicant company (Zee) be convened and held on Friday, October 14, 2022 at 4 p.m. for the purpose of considering, and if thought fit, approving the proposed scheme," the NCLT order read.
Grandmaster Nodirbek Yakubboe said he didn't respond to Indian GM R Vaishali's handshake gesture because of 'religious reasons'.
Food, feminism, fights, father-son issues, famous rivalries, OTT is as loaded as it gets this week.
Superheroes, snowmen, freedom fighters, Sukanya Verma lists everything the OTT channels have to offer this week.
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.
Women power, rebellious love, shady godmen, love triangles and more on OTT. Sukanya Verma lists everything coming up on OTT this week.
rediffGURU Anu Krishna offers relationship advice and tells you how to take control of your life.
A superficial drama that never rises above its boring sentimentality, notes Mayur Sanap.
Puneet Goenka's ability to stay calm is probably what helped Zee rise from a down-in-the-dumps broadcaster into one of the largest, steadiest and most profitable media companies in India, reports Vanita Kohli-Khandekar.
Allu Arjun's biggest blockbuster, Satyajit Ray's story and Spidey's exciting new avatar, Sukanya Verma lists her recommendations on OTT this week.
'Sunny sir keeps me distracted from my morning sickness.'
D Gukesh defeated Dutch Grandmaster Max Warmerdam to stay in sole lead on 7.5 points at the end of the 10th round of Tata Steel Chess tournament
'I hope this film will bring some change in people, their homes, and in our society.'
Grandmaster R Praggnanadhaa played out a solid draw with World champion D Gukesh in the eighth round of the Tata Steel Masters.
Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore through open market transactions.
Ashnoor Kaur's style is a perfect mix of sweet and sassy.
IDBI Bank has moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises Ltd (ZEEL) seeking an insolvency proceeding against the media firm to recover dues of Rs 149.60 crore. IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update from the media major. IDBI Bank has filed an application under section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a financial creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the company, it added.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
World Champion D Gukesh has taken the joint lead at the Tata Steel Masters chess tournament after defeating his fellow Indian, P Harikrishna.
Invesco, the single largest shareholder of Zee Entertainment Enterprises Ltd (ZEEL), on Wednesday said it had tried to facilitate a possible deal between Reliance and the company but refuted claims it had pushed for the transaction at a lower valuation. The latest statement from Invesco comes a day after ZEEL chief Punit Goenka told the company's board that Invesco had come with a proposal in February for a merger with certain entities owned by a large Indian group (Strategic Group) with inflated valuation "by at least Rs 10,000 crore". In a statement on Wednesday, Invesco mentioned that Reliance was the large Indian group.
Christmas romance, heists, thrillers, it's all there on OTT this week. Sukanya Verma lists her recommendations.
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