Yes Bank transfers invoked shares of 7 cos to JC Flowers
The transfer of invoked shares is pursuant to assignment of loans sanctioned by the bank to Essel group companies (in respect of which default is subsisting and pledge on company's shares was invoked by Yes Bank), it added.
SGX Nifty up 40 points; here's what changed for market while you were sleeping
Stocks on Wall Street rose for the second day on Friday and notched strong weekly gains as data showing a lesser than anticipated rise in inflation last month strengthened prospects for a slowdown in the pace of rate hikes by the Federal Reserve. Technology stocks were among the lead gainers.
Economic data, US mid-term elections, FII action on D-Street traders’ radar next week
The prevailing positive global sentiment is set to drive equities further up in the coming week, but some analysts recommend adopting a cautious approach. “With benchmark indices touching 52 week highs and the Nifty Bank index touching new all time highs, we remain cautiously optimistic, advising investors to be agile and aware of the recent and upcoming macroeconomic events in order to make dynamic decision-making both ways,” said Anmol Das, HoR, Teji Mandi.
Dish TV, 4 others settle non-disclosure of AGM voting results case with Sebi
These five entities have settled the case after collectively paying Rs 65.34 lakh towards settlement amount, the Securities and Exchange Board of India (Sebi) said in an order.This came after the entities proposed Sebi to settle the alleged violations of regulatory norms through a settlement order, "without admitting or denying the findings".
Dish TV, 4 others settle non-disclosure of AGM voting results case with Sebi
These five entities have settled the case after collectively paying Rs 65.34 lakh towards settlement amount, the Securities and Exchange Board of India (Sebi) said in an order.This came after the entities proposed Sebi to settle the alleged violations of regulatory norms through a settlement order, "without admitting or denying the findings".
Dish TV, 4 others settle non-disclosure of AGM voting results case with Sebi
These five entities have settled the case after collectively paying Rs 65.34 lakh towards settlement amount, the Securities and Exchange Board of India (Sebi) said in an order.This came after the entities proposed Sebi to settle the alleged violations of regulatory norms through a settlement order, "without admitting or denying the findings".
Big Movers on D-St: What should investors do with Dish TV, Power Grid and Gujarat Gas?
Stocks that were in focus included names like Dish TV, which fell more than 6 per cent, Power Grid, which rose nearly 2 per cent, and Gujarat Gas, that rallied nearly 6 per cent.
Dhananjay Sinha is gung ho on auto ancillaries & selective in capital goods. Here’s why
“One has to be fairly selective in the capital goods space and hence our focus out here is more on domestic plays, companies which are feeding into domestic, defence plays etc and those appear to be more resilient than others. I am circumspect and select also given the fact that the valuations are fairly expensive at this juncture.”
Dhananjay Singh is gung ho on auto ancillaries & selective in capital goods. Here’s why
“One has to be fairly selective in the capital goods space and hence our focus out here is more on domestic plays, companies which are feeding into domestic, defence plays etc and those appear to be more resilient than others. I am circumspect and select also given the fact that the valuations are fairly expensive at this juncture.”
Dish TV faced challenges on corporate and business front in FY22, says CEO
Its largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its chairman Jawahar Lal Goel were locked in a legal battle over board representation in Dish TV. YBL, having over 24 per cent share, was pushing for reconstitution of the Dish TV board and removal of Goel along with some other persons.
The more Indian market holds on in the face of global headwinds, the riskier it gets: Sandip Sabharwal
“The more we hold on in the face of significant global headwinds, the riskier the market gets. People think that resilience makes the market safer but it is actually the opposite. We need to be wary in the near term. We need to see how things pan out and it will be tough for the Indian markets not to correct if the global correction continues the way it is.”
Dish TV shares surge as chairman set to exit after Yes Bank tussle
Yes Bank, which holds an about 25% stake in Dish TV, has been pushing for a board reconstitution, including the removal of Goel, Narang and other members, citing corporate governance issues and alleging that the board was "purportedly acting at the behest of certain minority shareholders".
Dish TV Chairman Jawahar Goel to vacate office at ensuing AGM
In a regulatory filing Dish TV said:" Jawahar Lal Goel, Chairman and Non-Executive Director, shall vacate his office at the ensuing AGM on account of having expressed his unwillingness to offer himself for reappointment as a Director."
Dish TV rallies 9% as Jawahar Goel steps down as MD
Goel, who represents the promoter group in Dish TV, could get only 21.05 per vote in favour of his reappointment for three more years, a regulatory filing by the DTH operator, updating disclosure of voting results of EGM, showed. A total of 128.54 crore votes were polled in the EGM, which was held on Friday through video conferencing and other audio-visual means.
Dish TV EGM: 79% voters reject proposal to reappoint Jawahar Goel as MD
Goel, who represents the promoter group in Dish TV, could get only 21.05 per vote in favour of his reappointment for three more years, said a regulatory filing by the DTH operator, updating disclosure of voting results of EGM. A total of 128.54 crore votes were polled in the EGM, which was held on Friday through video conferencing and other audio-visual means.
Jawahar Goel steps down as MD of Dish TV after EGM vote loss
In an update to stock exchanges, Dish TV said that Goel has vacated the office of MD and will continue as a "non-executive director", in terms of the applicable regulatory provisions. The promoters of Dish TV had failed to obtain a favourable ruling from the Bombay High Court to prevent YES Bank from exercising its right as a shareholder with a nearly 24.19% stake.
Corporate Radar: Balkrishna Industries to turn ex-dividend, Voltas AGM; Q4 results, bonus and more
Today is the record date for Navkar Urbanstructure stock split. Navkar Urbanstructure had announced the splitting of shares into face value of Rs 2 from the face value of Rs 10.Friday is the record date for dividend by Punjab National Bank, Indian Hotels Company, Union Bank of India, Sagar Cements, NDR Auto Components, Deepak Spinners and Walchand Peoplefirst.
Bombay high court dismisses Dish TV promoter’s plea against YES Bank
Dish TV promoters maintain that they were neither borrowers nor guarantors for any loans of YES Bank. Senior counsels Darius Khambata and JP Sen along with Gathi Prakash of Cyril Amarchand Mangaldas are appearing for YES Bank and Catalyst Trusteeship, while senior advocate Navroz Seervai appearing for World Crest along with law firm ANB Legal.
Dish TV promoters challenge Bombay high court order in YES Bank case
On Friday, June 17, Justice AK Menon of the Bombay high court, had rejected the petition stating that there was no case made out for “ad-interim relief on the basis of the arguments” advanced before him
Bombay High Court rejects Dish TV promoters' plea against Yes Bank
The development is the latest in the dispute between Dish TV chairman and managing director Jawahar Goel and Yes Bank, a lender to the direct-to-home broadcaster, over corporate governance and fundraising plans. Yes Bank holds 24.19% stake in the company.
Dish TV lenders may not be able to exercise voting rights despite invoking pledged shares, says report
The interpretation in the Stakeholders Empowerment Services report is based on a recent Supreme Court judgment, which concluded that lenders or pledgees are not owners of shares and cannot exercise voting rights once the pledged shares are invoked.
Breakout chart as well as followup chart added for reference.CHarts are self explanatory.Targets and Trailing Stop Loss are mentioned on the chart.......read more
Prasar Bharati asks BARC India to act against 9 Zee Media news channels
“It is to convey that 9 TV channels have not been allotted slots of DD Free Dish by Prasar Bharati and are not part of the DD Free Dish bouquet pf channels… necessary action with regards to the channels may please be taken,” read the letter, signed by Inderjeet Grewal, director (Platforms) at Prasar Bharati.
Dish TV discloses results of Dec 2021 AGM; shareholders reject all 3 proposals
The company -- which did not declare the outcome of voting at its 33rd AGM held on December 30, 2021, due to ongoing litigations -- was directed to disclose the results by capital markets regulator Sebi in an interim order passed on Monday.
Stocks in the news: Tata Motors, L&T, Dish TV, Ashok Leyland and Natco Pharma
The Homegrown auto major Tata Motors said it has bagged a contract for 65 electric vehicles from Kerala State Electricity Board. The order includes 60 Tigor EVs and 5 Nexon EV SUVs.
Stocks in the news: Eicher Motors, Paytm, Grasim, Adani Enterprises and Coal India
Crisil, Enkei Wheels, Gujarat Credit Corp, Garbi Finvest, Soma Textiles, Polo Hotels, Mitsh and Advance Syntex are among the companies that will announce their December quarter results today.
Bombay HC allows Dish TV promoters time to file responses in YES Bank’s plea
"If we disclose the results, we later cant say it is subject to the courts order and, in that sense, we cant reverse that and thats why the company has submitted the results in a sealed cover to the court," argued Aspi Chinoy, senior advocate appearing for DTH company.
Dish TV sheds 4% ahead of AGM; clarity on tussle between YES Bank, Chandra family eyed
At its 33rd AGM, Dish TV management is seeking shareholders' nod for reappointment of Ashok Kurien on the board besides the adoption of the financial statement of the company. The company is facing a notice from Yes Bank for reconstitution of the board by removing its Managing Director Jawahar Goel and four other directors from the board.