Competition Commission of India has asked companies to explain within 30 days why probe should not be ordered. Antitrust experts had warned the merger could face intense scrutiny.
Star India was to license TV broadcasting rights for ICC events to Zee for 4 years, starting this year. Zee, however, quit $1.4 bn deal after missing its first $200 mn payment.
The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.
Disney also announced it would launch ad-supported streaming in Europe, Canada and provide US subscribers with a new, ad-free package in coming months.
Disney & Florida Governor have been locked in battle, when its then-CEO, Bob Chapek, criticized the legislation that would limit discussion of gender identity, sexuality in schools.
Murdoch and Shankar previously worked together at Star India, which became the country’s largest media company before Walt Disney’s takeover of a swath of 21st Century Fox’s assets.
This 750-acre property is styled like a frontier campground and includes stand-alone cabins that don’t share ventilation systems to help contain Covid cases.
With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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