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French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess | Devendra Fadnavis meets PM Modi amid suspense over Maharashtra portfolio allocation
Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers

Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers

Jan 25, 2024, at 04:57 am

Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.

ZEEL approaches NCLT seeking implementation of merger deal with Sony

ZEEL approaches NCLT seeking implementation of merger deal with Sony

Jan 25, 2024, at 04:21 am

Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.

Sony-Zee $10 billion merger deal collapses, Zee shares slide after breakdown

Sony-Zee $10 billion merger deal collapses, Zee shares slide after breakdown

Jan 23, 2024, at 10:46 pm

After two years of stalled negotiations, Japan’s Sony Corp officially called off its planned $10 billion merger between its Indian subsidiary and Zee Entertainment Enterprises Ltd. (ZEEL) on Monday (January 22), media reports said.

Sony sets target of 40 per cent growth in BRAVIA television

Sony sets target of 40 per cent growth in BRAVIA television

Sep 07, 2019, at 02:52 pm

Kolkata: Sony India said it has set itself a target of 40% growth in BRAVIA television business in West Bengal market vis-a-vis last festive season with an overall plan to achieve sales to the tune of Rs. 350 crores.