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INSANE: 2 | Vintage Vibes

Zee shares tumble 12% after Sebi action against Subhash Chandra, Punit Goenka

Zee Entertainment shares plunged over 12% after Sebi barred founder Subhash Chandra and CEO Punit Goenka from the securities market for one year over an unauthorised property pledge case. The regulator also fined ZEEL and flagged governance lapses, even as shareholders recently approved a Rs 3,144 crore promoter fundraise.

The Economic Times

Seeking legal advise on SEBI order in land pledge case, no bearing on ongoing fundraising: Zee

Zee Entertainment Enterprises is seeking legal advice after SEBI barred it from the securities market. The market regulator also prohibited Chairman Emeritus Subhash Chandra and MD Punit Goenka for one year. This action stems from the unauthorised pledge of Hyderabad land to secure promoter-linked loans. The company asserts this order…

The Economic Times

Vicky aur Dicky ki Amar Kahani

A trust aiming to foster rags-to-riches stories faces a stark reality check. After a dismal success rate with entrepreneurs in Mirzapur, the founder grapples with a dilemma: finance a young businessman whose model relies on bribes, or insist on integrity in a system where it might lead nowhere.

The Economic Times

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सुभाष चंद्रा ने फिर किया ट्वीट, बोले- लोगों ने रिया चक्रवर्ती से माफी मांगने पर मेरी सराहना की

ज़ी के संस्थापक सुभाष चंद्रा ने सोमवार को एक बार फिर से ट्वीट किया. इस बार उन्होंने लिखा, “सुशांत सिंह राजपूत केस में रिया से माफ़ी मांगने के चलते मिली सराहना से मैं अभिभूत हूं. हालांकि, मेरा विश्वास अब भी वही है. माफ़ी मांगने से अतीत में हुई गलतियों को…

Newslaundry

Subhash Chandra apologises to Rhea Chakraborty for making her ‘an accused’ in Sushant Rajput case

Zee founder Subhash Chandra Goenka on Friday apologised to actor Rhea Chakraborty for making her “an accused” in the Sushant Singh Rajput death case, days after the Central Bureau of Investigation absolved her of all allegations.

Newslaundry

Subhash Chandra’s press freedom speech: What’s cooking at Zee?

Zee founder Subhash Chandra has said that “it’s unfortunate that India ranks 159 among 180 countries in press freedom” and that he feels similar to how he did 33 years ago when a central bureaucrat told him that he could surrender his network to the government over his “dead body”.

Newslaundry

Sebi uncovers $241 million accounting issue at Zee

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about 20 billion rupees ($241 million) may have been diverted from the company, said people familiar with the matter who did not want to be identified as the information is…

The Times of India

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‘Can’t confirm or deny’: Zee on Subhash Chandra’s stake hike remarks

Days after a media report quoted Zee Entertainment Enterprises Ltd founder Subhash Chandra on plans to hike the Zee promoter family’s stake in the firm, the company has reportedly told the Bombay Stock Exchange that the remarks do not represent any proposal considered by the board.

Newslaundry

‘Sony’s criminal design to start merger and withdraw’: Subhash Chandra

“I can prove it was Sony’s criminal design to start the merger process and then withdraw,” Zee Entertainment Enterprises chairman emeritus Subhash Chandra has told The Economic Times in an interview.

Newslaundry

ED raids Subhash Chandra-owned Essel Group’s Mumbai office: Report

The Enforcement Directorate has conducted searches at Essel Group’s Mumbai office, which also serves as the office premises for Zee Media, ET Now reported, citing sources.

Newslaundry

Days before Sony called off Zee merger, Chandra wrote to Sitharaman questioning SEBI intent

Nearly a week before Sony Pictures Entertainment announced that it had called off its merger with Zee Entertainment Enterprises Ltd, ZEEL promoter Subhash Chandra reportedly wrote to Finance Minister Nirmala Sitharaman while accusing SEBI of operating with a motive to sabotage the deal.

Newslaundry

‘Repetitive probe’ in Yes Bank case may impact merger with Sony: Zee to SEBI

Zee has reportedly written to the Securities and Exchange Board of India that “continuous and repetitive” investigations – in a case pertaining to an alleged Yes Bank fund diversion – may impact its merger with Sony.

Newslaundry

SEBI bars Subhash Chandra, Punit Goenka from holding key managerial positions

In an interim order passed on Monday, SEBI barred Subhash Chandra and his son, Zee Entertainment Enterprises Limited CEO Punit Goenka, from holding directorial or key managerial positions in any listed company or its subsidiaries.

Newslaundry

Word Environment Day: A look at organisations in Visakhapatnam striving to protect the planet

Ahead of World Environment Day, a look at three organisations in Andhra Pradesh that are striving to protect the planet

The Hindu

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Newslaundry

UNI news agency is dying a slow death. Who is to blame?

In 1959, eight of India’s biggest newspapers came together to launch a news agency to break the monopoly of the Press Trust of India. Six decades later, United News of India is on ventilator support. Salaries of permanent staff have gone partially unpaid for five years, company properties lie seized,…

Newslaundry

Reporters Without Orders Ep 231: Ranveer Singh’s nude photoshoot, Subhash Chandra’s Rajya Sabha sojourn

In this episode, host Nidhi Suresh is joined by Newslaundry reporter Tanishka Sodhi and writer and journalist Aishwarya Subramanyam.

The Times of India

I was offered Rs 25 crore for my Rajya Sabha vote, says Rajasthan minister Rajendra Gudha

JAIPUR: Minister of state for home guards and soldiers' welfare Rajendra Gudha on Tuesday claimed that he was offered Rs 25 crore to vote for a particular candidate in the recent Rajya Sabha elections.

The Hindu

Rajasthan Minister claims he was offered bribe in RS polls

The Minister made this allegation during an event at a private school

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Newslaundry

No bills, low attendance, 10 questions: A recap of Subhash Chandra’s Rajya Sabha tenure

When he took oath as a Rajya Sabha MP in August 2016, media baron Subhash Chandra said it was now time to “give back to society” since he had done “a great deal of business in life”.

Newslaundry

'The natural home for a household name': Sudhir Chaudhary to join Aaj Tak as consulting editor

Ten days after his resignation from Zee was accepted, Sudhir Chaudhary has been announced to join Aaj Tak as consulting editor.

Newslaundry

Reporters Without Orders Ep 227: Sudhir Chaudhary quits Zee, Alt News deals with cofounder's arrest

In this episode, host Basant Kumar is joined by Newslaundry’s Nidhi Suresh and Ashwine Kumar Singh.

Newslaundry

Why did Sudhir Chaudhary leave Zee?

There’s hardly a primetime show on Indian news TV that is not identified with its host. “Shouty” to “communal”, it’s not hard to predict how a show will tackle a subject if you know the host. So, it’s quite surprising for the news industry that one of the country’s “most…

The Hindu

BJP expels Rajasthan MLA for cross-voting in Rajya Sabha elections

Shobharani Kushwah had voted for the Congress candidate

The Hindu

Explained | The battlefield for the upcoming Rajya Sabha elections

The biennial Rajya Sabha polls are scheduled for June 10 and a close contest is expected in Haryana, Rajasthan, Maharashtra, and Karnataka

The Hindu

Congress, BJP try to outdo each other in Rajasthan before RS polls

Both parties have approached Central agencies with their complaints

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