GARBLED RECEPTION
The interim order from Sebi charges Subhash Chandra and his son Punit Goenka with misusing their board positions at Zee Entertainment Enterprises
Money is said to have moved from Zee to private entities owned by Chandra and Goenka
Zee and Sony Pictures Network India are in the middle of a merger to create a media behemoth
Sony has said the Sebi interim order has been taken very seriously and it will monitor developments affecting the deal
In the proposed merger, Zee's promoters will hold just 4 percent
FOR SUBHASH CHANDRA, 72, facing challenges is a way of life. From staving off a takeover bid by Rupert Murdoch in the late 1990s to setting up the ill-fated rebel cricket league ICL, the home-grown entrepreneur who made his name as the Founder of Zee TV-may well have lost count of how many he has faced. And he has emerged unscathed in most instances, though he has lost a big chunk of his shareholding in Zee Entertainment Enterprises Ltd (or ZEEL, that had revenues of 8,170 crore for FY23) and is the crown jewel of his Essel Group.
The present challenge is quite a different story, though. He is dealing with a host of serious allegations from capital markets regulator Securities and Exchange Board of India (Sebi) around corporate governance. This will test Chandra's mettle and that of his son Punit Goenka and he will have to draw upon his wisdom from many a battle to deal with it. For the man who got into television broadcasting without a background in the business and carved out an empire-competition has come from several quarters and it did make a dent, but Chandra managed to hang on. The ability to think out of the box stood him in good stead earlier. Will that help him this time?
TOUGH TIMES
هذه القصة مأخوذة من طبعة July 23, 2023 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 23, 2023 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Understand what drives key talent"
Novartis India is a part of the Basel, Switzerland-headquartered pharma major Novartis AG
MILLENNIALS MISSING HOME
SKY-HIGH PROPERTY PRICES, COUPLED WITH SLOW INCOME GROWTH, HAVE MADE THE DREAM OF OWNING A HOME A DISTANT ONE FOR MANY MILLENNIALS. THIS COULD LEAD TO STAGNATION IN SOCIAL MOBILITY AND POTENTIALLY DEEPEN EXISTING SOCIAL INEQUALITIES
SIGNATURE MOVE
SIGNATURE GLOBAL, A LEADER IN AFFORDABLE HOUSING, IS LOOKING TO GET BACK IN THE BLACK WITH A SHIFT IN FOCUS TO MID-SEGMENT AND PREMIUM HOUSING AFTER LOW-COST PROJECTS BECAME UNVIABLE FOR DEVELOPERS
MAKING A MARK
PHARMA MAJOR GLENMARK IS STRATEGICALLY PLOTTING ITS WAY UP, ALL BY SHIFTING ITS FOCUS TO BRANDED AND SPECIALITY MEDICINE AND ENSURING IT GETS ITS R&D RIGHT
TIME TO UNSHACKLE?
YOUNG INDIA IS OBSESSED WITH APPS. BUT THE GATEWAY TO THEM IS CLOSELY GUARDED BY TWO TECH BEHEMOTHS-GOOGLE AND APPLE-WHO CONTROL 99% OF THE MARKET IN INDIA. IS IT TIME FOR INDIA TO BREAK FREE FROM THIS DUOPOLY AND HAVE ITS OWN APP STORE?
DIGITAL DICHOTOMY
Where does one draw the line between protecting consumer interests and maintaining market freedom? Industry and experts are debating this even as the Digital Competition Bill seeks to rein in Big Tech firms in India, the world's second-largest internet market
"ChatGPT helped people understand the benefits of using AI"
Humane Inc. Co-founders Imran Chaudhri and Bethany Bongiorno on AI, their product, the company's vision, and more
ON THE FAST TRACK
THE DEDICATED FREIGHT CORRIDORS (DFC) NETWORK OF THE INDIAN RAILWAYS HAS STARTED ATTRACTING MORE FREIGHT PLAYERS. FROM CONNECTING MAJOR PORTS TO CRISS-CROSSING MULTIMODAL LOGISTICS PARKS, DFCS ARE SET TO BE A GAME CHANGER FOR FREIGHT SERVICES IN INDIA
WE HAVE A MODEL MADE IN INDIA, FOR INDIA, AND BY INDIA"
Manish Tiwary, Country Manager of Amazon India, on the opportunities in the country, digital, and more
WHAT THE FUTURE HOLDS FOR AMAZON INDIA
THE E-COMMERCE GIANT HAS SEEN STEADY GROWTH SINCE ITS ENTRY INTO INDIA IN 2013, BUT THE OFFLINE PIECE REMAINS A CHALLENGE. AFTER LOSING OUT ON THE FUTURE RETAIL ACQUISITION, HOW DOES IT PLAN TO KEEP THE GROWTH ENGINES REVVING?