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NCLAT to hear IDBI Bank’s appeal against Zee Entertainment in insolvency proceedings dispute

GST authorities crack down on Zee Entertainment

IDBI bank had contested the Mumbai NCLT’s orders, which dismissed their request to initiate insolvency proceedings against ZEEL.

Subhash Chandra-led Essel Group reaches settlement with JC Flowers ARC; to repay Rs 1,500 crore over 7 months

CNBC-TV18 has learnt that as part of the agreement, Essel Group entities have committed to repaying Rs 1,500 crore within a span of seven months to JC Flowers. The terms of the settlement dictate that 15 percent of this amount would be repaid within the first 30 days, with the remaining 85 percent to be paid over the following six months, the sources said. (Image sourced from ZEE website)

The deal relates to Essel Group’s debt amounting to around Rs 6,500 crore, which JC Flowers ARC had acquired from Yes Bank at a discounted rate as part of the lender’s transfer of a Rs 48,000 crore Non Performing Assets (NPA) portfolio to the ARC for a little over Rs 11,183 crore in December last year.

BCCI media rights auction today: All you need to know

Last year, the Bombay High Court directed the BCCI to seek the opinion of the Supreme Court regarding the issue (Image source (from left to right): Moneycontrol and Unsplash)

Experts predict a departure from the extravagant spending observed during IPL rights acquisition.

OpenAI on track to earn $1 billion in annual revenue through ChatGPT

According to ‘Win with Conversations’, a report Meta launched with Bain & Company, 70 percent of surveyed large enterprises are already engaging with half of their customer base using conversational platforms. (Representative image by Andrea De Santis via Unsplash)

OpenAI, founded by Sam Altman and backed by Microsoft Corp is currently earning $80 million dollars in revenue monthly.

TRAI extends deadline to submit comments on broadcasting & cable services consultation paper

MIB has also highlighted certain issues that may be considered while formulating recommendations for digital radio broadcast policy.

The deadline for submitting comments and counter-comments has been changed to September 19 and October 3.

What was Abhishek Manu Singhvi’s defense for Punit Goenka’s reinstatement in SAT hearing?

Zee Entertainment Enterprises Ltd (ZEEL) has reportedly sold its prime real estate asset in Hyderabad’s upscale Jubilee Hills area for Rs 99.3 crore.

Singhvi in his argument said that Goenka’s influence was confined to ZEEL, and he had no connections with other companies as a KMP or director.

Why is SAT dissatisfied with SEBI’s confirmatory order concerning Punit Goenka?

Justice Tarun Agarwala, leading the bench said the matter cannot go on indefinitely as it involves public interest.

Punit Goenka’s SEBI order appeal set for SAT hearing on September 8

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

In April, SEBI issued an interim order, barring Subhash Chandra and Punit Goenka from key positions in any listed company.

India’s total internet subscribers touched 881.25 million in March 2023: TRAI

These findings come on the heels of HCLTech's strategic brand transformation efforts initiated 15 months ago. (Representative image by Kelvin Han via Unsplash)

Out of 881.25 million internet subscribers in India, the number of wired internet subscribers is 33.94 million and the number of wireless internet’ subscribers is 847.31 million.