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
Diese Geschichte stammt aus der July 23, 2023-Ausgabe von Business Today India.
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Diese Geschichte stammt aus der July 23, 2023-Ausgabe von Business Today India.
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DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
RESULT AND REPERCUSSIONS
After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities
D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS
