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.
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.
In an order Friday, the I&B ministry said Zee accessed DD Free Dish’s vast audiences without paying necessary auction fees. This comes after competitors raised the issue with govt.
Sony will own a 50.86% stake in the merged entity while Zee founders will own 3.99%. The merger will help expand Sony's media business in India where Zee commands 17% of the market.
Indian business landscape favours firms that are either substantially owned by a family, or controlled by a multinational. To come out ahead, Invesco might need to tweak its tactics.
Sony is merging with Zee. It will control the larger empire & infuse an additional $1.4 bn of cash into it. But the combined entity will be presided over by Punit Goenka, Chandra’s son.
Move came after Zee shareholders sought removal of key officials. However, Zee CEO Punit Goenka, whose removal was sought, will lead the merged entity.
A close reading of the official statements made by India’s MEA, ASEAN, the Shanghai Cooperation Organisation, and Turkiye suggests that our reticence is not exactly an outlier.
India has already purchased nearly 16 million barrels of Russian crude so far in March 2026, translating to roughly 1.6 million barrels per day, indicating a sharp uptick.
In a first during his tenure as High Commissioner to India, Riaz Hamidullah addressed JOCAP consisting of tri-forces officers, as New Delhi & Dhaka step up normalisation efforts.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
COMMENTS