Buy with SL 185 closing basis for targets 205-210. If it keeps closing above 205 then we will review again might hit 235-250-270. But this stock is in news so better have small qty as per risk management and follow proper SL.
Subscribers back on the DTH pitch, all thanks to IPL
Gopal Vittal, MD and CEO of Bharti Airtel, said the DTH business saw strong net additions in April and May. He also stated that the company's strategy of aggregating all video content with broadband has paid rich dividends for the company.
ZEEL addressed cases at NCLT, says CEO Punit Goenka
Zee Entertainment Enterprises (ZEEL) has addressed the legal cases connected to the company in the National Company Law Tribunal (NCLT), and those still pending before the tribunal do not pertain to the company, CEO Punit Goenka told analysts. "With this, matters in the NCLT that are even remotely connected to the company have been addressed. The ones remaining in the tribunal are not pertaining to ZEEL," he said during the earnings call.
Zee stock trades marginally higher; check out what brokerages say post earnings
Zee reported a loss of Rs 196 crore for the quarter ended in March 2023 versus a net profit of Rs 182 crore in the year-ago period. Its total income fell 10 percent year-on-year to Rs 2,126 crore from Rs 2,360 crore in the same period last fiscal.
ZEEL has challenged the NCLT order on the grounds that it was not provided adequate opportunity to present its side of the argument and that the tribunal doesn't have jurisdiction over issues like non-compete fees.
Matters remotely connected with company have been addressed, Zee says on Sony merger
The company said that FY23 was a challenging year for entire media and entertainment industry due to weak ad spending, long delay of NTO (New Tariff Order) implementation putting pressure on linear TV subscription revenue and relatively sub-par movie content performance.
NCLAT defers hearing of Zee Entertainment's plea over merger approval to Friday
The National Company Law Appellate Tribunal (NCLAT) has deferred the hearing to Friday on Zee Entertainment's petition against the NCLT order, directing bourses NSE and BSE to reconsider their approval for its merger with Culver Max Entertainment. The appellate tribunal was hearing the appeal filed by ZEEL against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on May 11, 2023.
BCCI may wait for Zee-Sony merger to sell media rights for India’s bilateral cricket matches
BCCI may want to wait for some time and watch how the Zee-Sony merger pans out before issuing the tender for future bilateral series involving the Indian cricket team, according to a source. Another key hurdle at the moment is how BCCI will package the rights, while ET had reported earlier that BCCI will unbundle television broadcasting and digital rights for Indias future bilateral series.
ZEE Entertainment to move appellate body against NCLT order
On May 11, the Mumbai bench of the NCLT directed the National Stock Exchange and the BSE to reconsider their respective initial approvals for the Zee-Sony union and issue updated no-objection certificates before the next hearing, posing fresh obstacles for the proposed merger of the media companies.
NCLT directs NSE, BSE to 'reassess' approvals for Zee-Sony merger
The division bench, headed by judicial member HV Subba Rao and technical member Madhu Sinha, will now hear the case on June 16. In its May 11 order, the NCLT has instructed the exchanges to reassess and validate the non-compete clause of the merger, which had previously received approval from both the exchanges and the Securities and Exchange Board of India (Sebi).
Zee5 lines up more content for 2023 with over 100 titles, up from 90 last year
While platforms like Zee5 are scaling up their content portfolio, experts note that the next 6-12 months are critical for the over the top platform (OTT) sector as platforms strive to balance monetization and profitability against content investment.
Bankruptcy court dismisses IDBI Bank’s insolvency plea against Zee Ent
The Mumbai bench of the National Company Law Tribunal (NCLT) led by judicial member Kishore Vemulapalli and technical member Prabhat Kumar in its oral order dismissed an application filed by the IDBI Bank. It is a relief for Zee, as the company and Sony had signed definitive agreements in December 2021 to merge their businesses. The proposal has already received approvals from the BSE, NSE and Zee shareholders.
Zee-Sony merger to close in first half of FY24: Kenichiro Yoshida
Kenichiro Yoshida, Chief Executive Officer of Sony, said the company is expecting to close the Zee-Sony merger in the first half of this fiscal year. Yoshida was speaking at Sony’s annual global corporate strategy meeting held on Thursday
Sony Group aims to expand creations rooted in Indian culture through merger of Sony Pictures & Zee
Under the long-term vision of expanding the number of people directly connected to the Sony Group to 1 billion people, CEO Kenichiro Yoshida said, "I would like for us to continue delivering Kando (Japanese word for emotion) in specific areas such as anime, games, and in India, and make use of them in our creations."
Lytus Technologies Holdings has acquired a 51% stake in Telangana-based cable TV and broadband player Sri Sai Cable and Broadband for an enterprise valuation of $25–30 million. Sri Sai Cable and Broadband will enable Lytus to expand its reach by offering cable and internet services not only to consumers in Telangana but also to their extended subscriber base in Andhra Pradesh, Maharashtra, and Kerala. The acquisition of Sri Sai Cable and Broadband is in line with Ly
SEBI has instructed BSE and NSE to inform the NCLT of a recent order against Essel Group's Shirpur Gold Refinery. The NCLT is currently hearing the Zee-Sony merger case, which has been facing legal hurdles from various creditors seeking repayment from Zee's promoters