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BENGALURU : Three months after Zee Entertainment Enterprises Ltd’s largest investor, American money manager Invesco, first blew the bugle of shareholder activism in September 2021 and demanded a reconstitution of the company’s board, media mogul Subhash Chandra signed a merger agreement with Japanese giant Sony Corp. On 22 December, 2021, Zee and Sony proposed to create a $10-billion media behemoth in which Sony would own 50.88% and the Chandra family 3.99%, with the remaining shares held by public investors. The news of the announcement in the media in the run-up to the formal announcement had pushed up the share price: Zee shares were up 90% from 11 September, when Invesco’s letter to the Zee board was shared with the stock exchanges.

SEBI as part of its ongoing investigation against the key management personnel of ZEEL, namely Punit Goenka, CEO and MD, has questioned some of the erstwhile directors of Zee Entertainment Enterprises Ltd (ZEEL), asking them about the steps they took to protect the minority shareholder rights of the company. On Monday, Sony Group Corp terminated its proposed $10 billion merger — first announced in December 2021 — between its India operations and Zee to create the largest media giant in the country. Following the development, at least 6 institutional shareholders cumulatively owning over 30 per cent of ZEEL are believed to be planning to approach the board and stock market regulator SEBI in the next week, to call an extraordinary general meeting (EGM) of ZEEL and seek the removal of ZEEL chairman R Gopalan and Punit Goenka, CEO and MD of the company. Over 350 ZEEL retail shareholders too are planning to join forces and write to SEBI seeking its intervention to protect their shareholder rights.

Zee Entertainment, global broking firm CLSA on Monday downgraded the stock to sell rating and warned investors that a valuation de-rating could be in the offing.

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Zee Entertainment Enterprises Ltd (ZEEL) Punit Goenka today dubbed the breakdown of Sony-Zee deal as a sign from Lord Ram.

Zee Entertainment Enterprises Ltd after snapping merger negotiations that would have created among India’s largest media networks. The unravelling of the deal will hurt both the companies, say experts, especially in the context of the ongoing talks for a merger of Disney Star with Reliance Industries-controlled Viacom18 Media Pvt Ltd. Disney Star is already India’s leading network, with more than a 30% share of the market.

Jharkhand Mukti Morcha chief Shibu Soren by the Lokpal on the basis of a complaint by BJP MP Nishikant Dubey. Justice Subramonium Prasad said the former Jharkhand chief minister's petition challenging the Lokpal proceedings as well as the complaint was «premature».

ElevenLabs, a startup that uses artificial intelligence software to replicate voices in more than two dozen languages, has raised a new round of funding that values the two-year-old company north of $1 billion. ElevenLabs said Monday that it raised $80 million in funding led by venture fund Andreessen Horowitz, with participation from Sequoia Capital, Smash Capital and SV Angel. The company has raised $101 million to date.  Chief Executive Officer Mati Staniszewski said the latest financing gives his startup a $1.1 billion valuation.

By Nishit Navin and Chris Thomas

Zee Entertainment Enterprises CEO Punit Goenka on Monday reacted to Sony officially ending the merger of its India unit with Zee. In a post on X (formerly Twitter), he called it a ‘sign from the lord’.

snapping its agreement and seeking $90 million in termination fees. In response to the merger termination notice, Zee has refuted Sony's breach claims and the demanded termination fee, and is planning legal actions to protect its stakeholders' interests.

Culver Max Entertainment is seeking a termination fee of $90 million from Zee Entertainment Enterprises on account of alleged breaches of the terms of the Merger Co-operation Agreement (MCA), Zee said in a statement to the stock exchange.

Reuters reported on 22 January. Earlier in the day, Sony ended the merger, which was announced two years ago, as they could not agree on some deal conditions, and has also sought $90 million in termination fees from Zee.

Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would've created India's largest broadcasting company.

Zee Entertainment Enterprises Limited (ZEEL) terminating the agreement dated December 22, 2021, to merge ZEEL and CME.

BJP's nationwide campaign «Shree Ram Janm-Bhoomi Darshan» on January 24, the party's Ayodhya district unit will have a challenging task to coordinate with 'Ram Bhakts' entering the holy city from the country's various states. The party's Ayodhya district unit is tasked to ensure proper welcome for all devotees in the holy city. Ahead of the 2024 Lok Sabha polls, the party apparently aims to touch the country's all parliamentary constituencies under the campaign «Shree Ram Janm-Bhoomi Darshan».

Sony Group Corp is unlikely to extend the good faith negotiations with Zee Entertainment Enterprises Ltd. (ZEEL) — whose deadline was supposed to lapse on midnight of January 21, said people aware of the matter.

Narendra Modi on January 21 visited Arichalmunai, the southern tip of Tamil Nadu, as part of his Ramayana-connect tour in the state. The PM paid floral tributes at the seashore and engaged in 'pranayama' (breathing exercise), also offering prayers using the seawater. Track LIVE Updates here Modi, who spent the night in Rameswaram, journeyed to Arichalmunai, believed to be the location where Ram Setu was built.

₹10 crore as token for damages. “Kewal Kiran Clothing Limited, the makers of “KILLER JEANS" have filed a suit before the Bombay High Court against the makers of the web series “KILLER SOUP" for infringing their Trade Mark “KILLER".

Credit cards have become an integral part of our financial landscape, offering convenience and flexibility. However, maximising the benefits of your credit card requires strategic planning and responsible usage.

YouTube, the digital behemoth that redefined entertainment since its inception in 2005, continues to shape the global digital culture with its vast library of videos, live streams, and monetisation options. Amidst the myriad of content creators, it's intriguing to discover which channel commands the highest level of subscriber devotion. Contrary to popular belief that American or European channels dominate, the surprising champion is none other than India's T-Series.