Embattled Indian News Today

Zee Entertainment has appointed an Independent Advisory Committee, chaired by retired High Court judge Satish Chandra, and Uttam Agarwal and PV Ramana Murthy, to address negative public opinion and investor wealth erosion caused by rumours and market speculation following the Sony merger.

Zee Entertainment denies media reports of a $240 million accounting hole, calling them incorrect and false. The embattled Indian broadcaster asserts cooperation with SEBI and states they are addressing comments requested. SEBI reportedly uncovers a potential diversion of around Rs 2,000 crore, ten times higher than initial estimates, according to Bloomberg News sources

Zee Entertainment denies media reports of a $240 million accounting hole, calling them incorrect and false. The embattled Indian broadcaster asserts cooperation with SEBI and states they are addressing comments requested. SEBI reportedly uncovers a potential diversion of around Rs 2,000 crore, ten times higher than initial estimates, according to Bloomberg News sources

Embattled Indian edtech startup Byju's is looking to raise more than $100 million from existing stakeholders but at a steep 90% discount to its $22 billion valuation in its last funding round in 2022, Bloomberg News reported on Tuesday.

Byju's is looking to sell fresh shares, including to founder Byju Raveendran, to raise funds to pay vendors and stabilise its business, says a report

BYJU'S parent Think & Learn's operating losses fell 6% to $288.67 million for its core online education business.

Byjus, controlled by billionaire Byju Raveendran was one of Indias hottest startups, valued at $22 billion in 2022.

If the loan terms are successfully reworked, then the creditors would drop their demand for accelerated repayment.

The actor's association with the edtech platform began in 2017. The Indian edtech start-up had signed up the Bollywood actor for an annual fee of close to Rs 4 crore.

The renewed talks come at a time when the company and its lenders are involved in a legal brawl over the restructuring of the loan.