After almost two years of negotiations, Sony Group Corp officially abandoned its $10 billion merger with Zee Entertainment Enterprises Ltd on Monday. Bloomberg first reported the development, citing leadership disputes that were further complicated by regulatory issues in India. The envisioned merger, aimed at forming India’s largest broadcast company, faced hurdles during talks, resulting in lingering issues and strained relations between the two companies.
PUNIT GOENKA Vs N P SINGH
Sony and Zee faced disagreements regarding the leadership of the merged entity. Sony advocated for NP Singh, its India managing director and CEO, to assume the chief executive role in the interim, citing concerns related to Punit Goenka, Zee’s managing director and chief executive officer. These were exacerbated after the Securities and Exchange Board of India (Sebi) banned Goenka from taking any managerial position while investigating allegations of fund siphoning. Goenka eventually had the ban removed. However, Sony was still hesitant to move forward. Days before the deadline for the merger, Goenka offered to step down but disagreed with N P Singh leading the deal. sony-Zee media Powerhouse
This story is from the January 23, 2024 edition of The Business Guardian.
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This story is from the January 23, 2024 edition of The Business Guardian.
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POLLUTION IMPACT NOT RESTRICTED TO DELHI ALONE: SISODIA
Aam Aadmi Party (AAP) leader Manish Sisodia on Monday put the blame on the Bharatiya Janata Party (BJP)-led central government over rising pollution in North India.
AAP blames officials for negligence
Amid worsening air quality in the national capital, Delhi Environment Minister Gopal Rai said that the meeting of senior officers of departments concerned at 12 noon for implementation of GRAP IV was rescheduled for later on Monday.
CM ATISHI HITS OUT AT CENTRE AS POLLUTION SOARS IN NORTH INDIA
Atishi slams the Centre for failing to tackle stubble burning, a recurring issue for five years.
LG orders staggered office hours
In a letter to the Secretary of the Department of Personnel and Training (DoPT), the association said that poor air quality has also had a noticeable effect on workplace productivity with employees experiencing symptoms such as respiratory issues, eye irritation, fatigue and general discomfort.
Air purifier, mask sales up in Delhi-NCR
\"At this level, wearing an N95 mask is not an option but a necessity. Even healthy individuals can fall victim to health complications\"
Govt to act on 'odd-even' scheme based on expert advice
The scheme operates from 8 am to 8 pm, restricting vehicular movement based on this alternating pattern.
SC seeks explanation from Registry why counter affidavit tiled by non-party was accepted
The Supreme Court in the case Harmanpreet Singh v. State of Punjab observed and has sought an explanation from the Registrar (Judicial) how a party i.e., the complainant in the said case was able to file a counter-affidavit when its application filed seeking impleadment was not allowed by the Court.
SC Collegium recommends appointment of Justice D Krishnakumar as the Chief Justice of Manipur High Court
The Supreme Court Collegium bench led by CJI Sanjiv Khanna has on November 18, recommended the appointment of Justice D Krishnakumar as the Chief Justice of Manipur High Court.
Supreme Court dismisses plea for enquiry into Netaji Subhash Chandra Bose's death
The Supreme Court in the case observed and has dismissed the petition filed seeking inquiry into the death of Netaji Subhash Chandra Bose.
Delhi High Court directs RSY News to take down original videos of ANI in copyright infringement suit
The Delhi High Court in the case ANI v. RSY News & Anr. observed and has directed RSY News to remove or take down from its YouTube channel the original and copyrighted videos of Asian News International, ANI in the copyright infringement suit filed by the news agency.
