Zee’s managing director and CEO Goenka said the revenue will certainly approach almost $2 billion & that he expects all the necessary approvals to come in 8-10 months.
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.
Investors Invesco and OFI Global China had sent a requisition to call for an extraordinary general meeting of shareholders for the removal of CEO Punit Goenka from the company’s board.
The 70-year-old tycoon risks losing control just as Zee’s prospects are looking up. The media mogul is looking for ways to raise his family’s shareholding.
SEBI and corporate affairs ministry must probe the intentions of Invesco and OFI Global China, Chandra said in an interview to Zee News, a channel owned by his firm.
Zee’s stock value is dropping as tycoon Subhash Chandra and his Essel Group work to clear an outstanding debt of about Rs 11,000 crore with shares pledged as collateral.
A successful deal will help the winning bidder add a slew of video services to their OTT platforms as the government prepares to auction 5G airwaves this year.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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