The Securities and Exchange Board of India (Sebi) has proposed to put a stop to the practice of certain directors occupying permanent board seats at listed companies. The regulator has suggested that the directorship of any individual serving on the board should be subject to periodic approval from shareholders, at least once in five years. In a discussion paper issued on Tuesday, Sebi said a few promoters enjoyed permanency on the board, giving them an undue advantage, prejudicial to the interests of public shareholders.
Government and the media do not communicate enough, thinks the man who manages India's largest media company.
With three more direct-to-home operators set to enter the market by the year-end, subscribers can expect services at even cheaper rates.
Dish TV, the DTH arm of Zee group which will list on the stock markets in October-November this year, expects to break-even by fiscal 2008-09.
The chairman of the Essel Group says he has settled 91.2 per cent of the estimated Rs 11,000 crore debt on the group's books.
'We should become an all-encompassing entertainment and information destination," says chairman Subhash Chandra, who monitors the group on a monthly basis, leaving the day-to-day operations to the chief executive officers.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
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