The move follows a NCLAT order on Thursday that granted ZEEL more time to file its reply
Board sidesteps questions on corporate governance lapses
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
The broadcaster sent teams to engage with audiences for its regional language programming
YES Bank has Rs 8,000-crore exposure to Essel Group
ICICI Bank (down 9 per cent) being the biggest loser and Hindustan Unilever (HUL) -- up around 3.5 per cent -- the biggest gainer
The domestic services industry began 2020 in a buoyant mood as activity accelerated in January at the fastest pace in seven years on strong domestic demand
According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.
Valuations appear attractive, but near-term concerns remain
Sony, said sources, is expected to evaluate its options carefully owing to regulation around foreign direct investment in media
While 1 per cent of the promoters' holding will still be pledged, analysts believe issues related to promoter debt will come to an end
Around 142.87 million equity shares (representing 14.87 per cent stake of ZEEL) changed hands on the NSE through block deals, the exchange data shows.
Its profit before tax declined 22 per cent year on year (YoY) to Rs 504 crore for Q2.
The move comes with the promoters getting the much-needed extension of up to six months to pay their dues from most of the mutual funds
A Delhi High Court-appointed arbitrator has asked Essel Group chairman Subhash Chandra not to sell his unpledged stake in ZEE till next month in an ongoing dispute with Indiabulls Housing Finance.
It has neither got the money nor a strategic investor. Zee's disappointing deal with Invesco, however, could be a precursor to a better strategic foray
Stake sale meets only 38% of outstanding loans of promoter group
We would have liked it to be Comcast too but this is a better deal because it was meeting my timelines, says Punit Goenka
The company reported 54 per cent year-on-year jump in its consolidated net profit to Rs 530 crore in June quarter
The steep falls in Zee provoked several lenders to dump over Rs 500 crore worth of pledged shares in panic