Page 14 - Zee Entertainment

Zee Ent shareholders approve reappointment of Punit Goenka on board

Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) on Friday approved all eight resolutions in the Annual General Meeting of the company. The resolution for the re-appointment of its Managing Director Punit Goenka on board was also approved at the 40th AGM with the required majority. ZEEL also got the approval of the special resolution for the re-appointment of R Gopalan as Independent Director of the company, said a regulatory filing. "All the resolutions presented to the shareholders were approved during the meeting, expressing complete support towards the management and its strategic initiatives lined up for the future of the Company," said ZEEL in a statement. Last year in December ZEEL announced its merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India. The proposal has received approval from stock exchanges BSE and NSE and is currently before the fair trade regulator Competition Commission of India.

Zee Media moves Delhi High Court against I&B Ministry on Ku-Band issue

I&B Ministry had asked Zee Media to remove its ten regional news channels from the Ku-Band (a form of satellite frequency) on the GSAT-15 Satellite, that was making these accessible on DD Freedish

Stocks to Watch: Torrent Pharma, ONGC, Dr Reddy's, BHEL, BPCL, Birla Corp

Stocks to Watch: Dr Reddy's has received US FDA nod for marketing Timolol Maleate, which is used to treat Glaucoma

Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India

Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday

Top Headlines: Smaller i-banks join IPO party, Sony-Zee merger, and more

Bulge-bracket investment banks (i-banks) are getting picky about initial public offerings (IPOs) amid a growing list of companies aspiring to go public

Sony, Zee offer concessions to ease CCI's concerns over merger: Report

Firms propose pricing concessions to CCI, Sony-Zee not proposing structural changes for now, say sources

PVR shareholders to mull Inox merger on Oct 11, creditors' meet same day

Investors' meet over videoconference comes after Mumbai NCLT's directive to PVR; both Inox Leisure and PVR had said this June that they had received clearances for their merger NSE and BSE

Stocks to Watch: NDTV, Dr.Reddy's, IndiGo, SBI, Zee, Consumer Firms

Stocks to Watch Today: NDTV open offer to start from October 17. IndiGo's co-promoter Rakesh Gangwal likely to sell up to 2.8 per cent stake in open market.

Sony merger: NCLT directs Zee to call shareholder meet on October 14

Last week, Zee had written to CCI citing latest TV viewership data that showed that the merged entity would have lower market share and wouldn't lead to concentration of power

Stocks to watch: Adani Enterprises, UPL, Zee Ent, Hero Moto, Tata Motors

Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.

Zee Entertainment dips 6% amid reports of CCI scrutiny over Sony deal

According to a Reuters report, Competition Commission of India (CII), observed that the merger between the Indian unit of Sony and ZEE will potentially hurt competition

Top Headlines: Q1 GDP growth misses estimates; Sony-Zee merger, and more

India's economy grew below expectations at 13.5 per cent in April-June 2022-23 (Q1 FY23), despite the low base of the equivalent period of 2021-22

ZEE Ent signs licensing pact with Disney Star for ICC Men's TV rights

Disney Star has sublicensed the ICC Men's TV rights to rival broadcaster ZEE for an undisclosed amount for four years; Disney Star had bid $3 bn for the combined TV and digital rights

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

Zee Entertainment consolidated net profit down 49% to Rs 106 crore in Q1

Revenue from advertising came in at Rs 976.28 crore in Q1, 5.36 per cent higher than the Rs 926.61 crore reported last year

Zee-Sony merger gets BSE, NSE nod after agreement signed last December

Merged entity to retain Zee's stock market listing, though Sony would provide large cash injection and hold 51% stake

Stocks to Watch: Vedanta, HeroMoto, Delta Corp, Zee Ent, RIL, Eicher Motor

Stocks to Watch today: Vedanta will be in focus as the company said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures.

Zee Entertainment Q4 net profit declines 33% to Rs 182 cr; expenses up 27%

The company had posted a net profit of Rs 272.36 crore in the January-March quarter a year ago, according to a BSE filing

Zee re-enters sports broadcasting, picks up media rights for UAE T20 League

Zee has signed a long-term global media broadcasting rights for UAE T20 league. Deal estimated at Rs 800-900 crore for ten years, say industry sources.