Income tax officials are conducting a search and survey at offices of media firm Zee Group for alleged tax evasion, an official of the tax department said
The other key changes include re-designating Punit Misra as president, content and international markets
The long-term vision hasn't changed. It is clear that OTT will be a subscription-driven business and not ad-driven unlike broadcasting
10 promoters entered the billionaire list in 2019; Anil Ambani, Subhash Chandra among big names who left the club
Almost 15 channels of the 59 within its overall network are regional-language channels, with plans to fill key gaps in the future
Chandra will be non-executive director and 'mentor' to management
The company's board has accepted the resignation, ZEEL said in a regulatory filing
Will sell 16.5% stake and retain 5.9%; promoters to retain management control
Sources familiar with the developments said following the sale of stake to a strategic investor, the promoters might have only 12 per cent, including the 10 per cent stake with VTB
Content inventory, related party transactions weigh on cash flows
The stock was trading at its lowest level since January 25, 2019 and was 5 per cent away from its 52-week low of Rs 289 touched on the same day.
From trade trouble to future demographic shocks, here are the best of Business Standard Opinions for the day
Zee closed trade at Rs 372.50, touching an intra-day high of Rs 380.8 while Dish TV stood at Rs 23.85 at the end of the day after hitting an intra-day high of Rs 24.85