Zee and Sony Group Corp had earlier announced a merger to create a $10 billion TV enterprise in 2021, with Goenka set to become the merged entity's MD and CEO.
The market regulator inspected the operations and accounts of IIFL Securities between April 2011 and January 2017 and found several alleged violations of its rules.
Securities and Exchange Board of India said that Zee group promoters Subhash Chandra and Punit Goenka were involved in diverting company funds to the group's related entities.
SEBI said in its order that Chandra and Goenka were actively involved in diverting company funds to the group’s other listed entities and firms related to founding shareholders.
The move follows regulators' investigation of suspected violations by offshore funds in companies of the group led by billionaire Gautam Adani, which has drawn a blank so far.
The BJP often names him as the architect of India’s many shortcomings and failures, which are amplified on TV news. However, this week, Nehru’s words echoed across television after two very different victories.
On 4 November 2025, NCLAT bench, comprising Chairperson Justice Ashok Bhushan and Member Arun Baroka, noted that WhatsApp and Meta are distinct legal entities.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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