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National Broadcasting Policy is restrictive and heavy-handed, media industry bodies tell Trai

Zee-Sony merger | Zee Entertainment drags Sony to National Company Law Tribunal for calling off USD 10-billion merger deal

ED Searches 3 Premises of Essel Group Companies in Rs150 Crore Religare Finvest Funds Diversion Case

The enforcement directorate (ED) on Thursday conducted search operations at three premises in Mumbai belonging to six companies from the Essel group and its former senior officials. The search operations were carried out in the matter of siphoning off or diverting Rs150 crore from Religare Finvest Ltd (RFL), a non-banking finance company (NBFC), from the Religare group.

Sony terminates $10-bn merger pact with Zee

Sony terminates $10-bn merger pact with Zee
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Zee-Sony merger | Sony India scraps merger with Zee Entertainment, seeks USD 90-million break-up fee

Though Sony did not offer the reasons behind its decision to end the deal, one sticking point during the negotiations was on choosing the merged entity’s leader. While Zee was pitching for Goenka, Sony was uncomfortable with the choice given the allegations of fund diversion against him by Sebi

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