In a setback to Maran brothers, the Madras high court on Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
The Central Bureau of Investigation on Wednesday night arrested three people, including V Gowthaman, the then additional private secretary of Dayanidhi Maran, in connection with alleged allotment of more than 300 high-speed telephone lines to the then telecom minister's residence in Chennai which were extended to his brother's TV channel.
Maran had challenged the Madras High Court's July 25 decision setting aside a CBI court order discharging him in the case.
Sun TV had approached the Home Ministry for security clearance.
Kavery Kalanithi of Sun TV Group has retained her position as country's top paid business woman although her pay package declined to Rs 57 crore in 2012, according to Fortune magazine.
With prices of new franchises dropping, the team valuations, instead of going up, seem heading south. One major reason for that could be the numerous issues the T20 league has faced over the years, and growing friction between franchises owners.
Sun TV network, the new owners of the Hyderabad IPL franchise, have been offered all the current players of the now-terminated Deccan Chargers, an official said on Thursday.
Former IPL chairman Lalit Modi fired a fresh salvo at BCCI president N Srinivasan, alleging that he is trying to "gift" the Hyderabad franchise to his "friends".
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mounting bad news takes a toll on Sun TV's stock, but analysts say company's fundamentals still remain strong
India's richest businessman, Mukesh Ambani is ranked at 33 with a salary of Rs 15 crore (Rs 150 million) annually.
The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
The Board of Control for Cricket in India (BCCI) has pegged the base price for the combined IPL media rights at Rs 32,890 crore, nearly double the Rs 16,347 that Star Disney paid five years ago. Experts say that at these levels, there does not seem to be any profit-and-loss logic at play. It is more about what premium broadcasting companies are ready to spend for market share dominance. They point out that due to competition, they expect the final price to hit Rs 40,000-50,000 crore.
Sun TV's Deala No Deala has become the hottest game show in Tamil television today.
Pinky Irani alias Angel, 53, was arrested in this case by the agency in December last year. She was recently granted bail by a Delhi court.
The Central Bureau of Investigation has filed a case against former Telecom Minister Dayanidhi Maran and BSNL officials for allegedly allotting 300 high-speed telephone lines to Maran's residence in Chennai which were extended to his brother's channel.
The damage to aircraft estimated to be around Rs 200 crore.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
For instance, while Digitial Media Convergence -- a part of ESSEL Group (promoter of ZEE TV) -- provides the mobile TV (also known as the fourth screen -- the other three comprising the silver screen, TV and PC) application service 'ISEE' along with telecom service provider BSNL.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
The special CBI court had in March discharged Dayanidhi Maran, his brother Kalanithi.
A three-judge bench headed sought CCBI's response on Maran's plea and questioned its decision to arrest him.
Jahnavi Mehta. Kaviya Maran. Preity Zinta.
Don't count too much on the anchor investor quota, as it will provide stability to the stock for only a short period
"I have repeatedly said I have done no wrong. A case related to this had come up before the Supreme Court last year and was heard by a bench headed by CJI T S Thakur, who had remarked that this case was made out because of political reasons," Maran, who was telecom minister between 2004 and 2007, said.
From Kannum Pongal to Jalikattu, TV stars and artists take us on a memory trip of the traditional Pongal celebrations in their hometown.
Even with an ongoing pandemic, theatres in many states functioning at 50 per cent occupancy, a quieter social life and fewer movies, Bollywood still managed to pack in plenty of drama and trauma, fun and festivity, love and war into the year.
The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
A look at what the IPL teams and players are doing to support the people of India in this massive battle against the deadly coronavirus.
The sixth edition of the Indian Premier League kicks-off on April 3, with defending champions Kolkata Knight Riders hosting Delhi Daredevils, at the Eden Gardens, in Kolkata.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Harish Kotian takes a look at how the teams stand ahead of the sixth edition of the Indian Premier League, which commences on April 3
The sixth edition of the Indian Premier League has reached the play-off stage. Mumbai Indians will take on Chennai Super Kings in the first play-ff match in Delhi on Tuesday, May 21.
The sixth edition of the Indian Premier League kicks-off on April 3, with defending champions Kolkata Knight Riders hosting Delhi Daredevils, at the Eden Gardens, in Kolkata.
Malaysia's Astro All Asia Networks will pick up 20 per cent in the Maran family-run Sun TV's DTH operator -- Sun Direct TV -- for Rs 747 crore ($166 million).
A senior BCCI official rubbished former IPL chairman Lalit Modi's claims that Board president N Srinivasan was trying to gift the Hyderabad franchise to his friends, saying the whole process of Sun TV winning the bid was done in a transparent manner.
For those who have been observing the phenomenal growth of Sun TV in the last decade and more, its acquisition of the Indian Premiere League franchise for Hyderabad will come as no surprise, says S Murari
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