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Japan s Sony Corporation, which is merging its Indian television content company with Zee Entertainment Enterprises, is likely to seek a fresh forensic audit of the company after market regulator Sebi levelled fund diversion charges against Zee promoters, top lawyers said.
The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director.
As the Sebi has made fund diversion charges, which may change the nature of audited reports already filed, the acquirer (Sony) can seek a fresh forensic audit, said H P Ranina, a corporate lawyer. ....
Zee-Sony Merger: The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director ....
Solar Analytics Startup Prescinto Raises $3.5 Mn In Seed Round entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
India: Solar analytics startup Prescinto raises $3.5m in seed funding Photo: Pixabay March 17, 2021 Solar analytics startup, Prescinto, has raised $3.5 million as part of a seed round, led by Venture Catalysts. Inflection Point Ventures, Mumbai Angels and LetsVenture also participated as a part of this round. With the funding, the company plans to expand in international markets like the US with a single-minded focus on performance enhancement. Prescinto is an artificial intelligence (AI)-powered clean energy Software-as-a-service (SaaS) platform that helps increase production of power for solar power plants. Through its platform, Prescinto claims to increase solar power plant generation by almost 7%. ....