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Zee chooses growth over litigation
April 17, 2024
|The New Indian Express
Withdraws petition against Sony for backing off from merger deal
ZEE group on Tuesday withdrew its petition against the Japanese major Sony Corp for calling off the $10-billion worth merger proposal from the Mumbai bench of the National Company Law Tribunal to "better serve shareholders' interest".
In a statement, Zee said its board has decided to withdraw the petition against Sony following legal advice and reviewing the action-oriented steps implemented by the management. "The board has advised the management to withdraw the petition in the interest of shareholders," the statement said, but added that they will be aggressively pursuing their claims in the Singapore International Arbitration Centre from Sony, which includes a $90 million in damages from Sony.
هذه القصة من طبعة April 17, 2024 من The New Indian Express.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express
The New Indian Express Chennai
Nagamalai hillock in Erode is TN’s 4th Biodiversity Heritage Site
THE state government has notified Nagamalai hillock in Erode district as a Biodiversity Heritage Site (BHS) under Section 37(1) of the Biological Diversity Act, 2002.
1 mins
October 09, 2025
The New Indian Express Chennai
Besant Nagar Club clinch tennis championship
BESANT Nagar Club (BNC) lifted the second RWD Open title by defeating Madras Cricket Club (MCC) 4-1 in the final of the TNTA 2nd RWD Open Chennai City Club League cum knockout tennis meet.
1 min
October 09, 2025
The New Indian Express Chennai
Nayanthara-Kavin film titled Hi
It was announced last year that Nayanthara and Kavin would collaborate on a film for the first time, headlined by debut director Vishnu Edavan.
1 min
October 09, 2025
The New Indian Express Chennai
Leonardo DiCaprio in Heat 2?
THE much-awaited sequel to Michael Mann’s Heat (1995) is finally taking solid shape and is moving from Warner Bros to United Artists, owned by Amazon MGM Studios.
1 min
October 09, 2025
The New Indian Express Chennai
TN begins inspection of 300 drug units after Coldrif deaths
ROUTINE inspections were not conducted at Sresan Pharmaceutical unit in Kancheepuram, the manufacturer of the Coldrif cough syrup linked to the deaths of children in Madhya Pradesh, officials said.
1 mins
October 09, 2025
The New Indian Express Chennai
No new non-fossil energy target till '30: Govt
AFTER achieving the target of 50 percent of its installed capacity from non-fossil fuel energy sources five years ahead of schedule, India has clarified that it will not set any new goals in its upcoming Nationally Determined Contribution (NDC) under the Paris Agreement until 2030.
2 mins
October 09, 2025
The New Indian Express Chennai
'Air power can shape military outcomes'
HIGHLIGHTING the significance of “bold and precise” air operations during Operation Sindoor, Air Chief Marshal AP Singh of the Indian Air Force asserted on Wednesday that it not only shaped the military outcome but also restored the rightful place of offensive air action in the national consciousness.
1 mins
October 09, 2025
The New Indian Express Chennai
‘His spirit undaunted’: Wife meets Wangchuk at jail, gets detention order
GEETANJALI Angmo, wife of Ladakh climate activist Sonam Wangchuk, met him in Jodhpur Central Jail on Tuesday, for the first time since his detention 11 days ago. She also received a copy of his detention order, according to her social media post.
1 min
October 09, 2025
The New Indian Express Chennai
'WE ARE FILMMAKERS, NOT CRIMINALS'
In the light of the censorship troubles faced by the film industry in general and his own film, Panjab ‘95, in particular, Honey Trehan talks about suppression, thought control and freedom of expression
2 mins
October 09, 2025
The New Indian Express Chennai
Death penalty: SC rejects Centre plea for framing victim-centric guidelines
THE Supreme Court on Wednesday rejected the Centre’s application for laying down victimand society-centric guidelines in heinous offence cases where the death penalty is awarded.
1 min
October 09, 2025
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