Zee Group

Media groups Sony and Zee have voluntarily agreed to sell three Hindi channels -- Big Magic, Zee Action and Zee Classic -- to address possible anti-competition concerns arising out of their proposed mega-merger deal.

The Competition Commission of India on Tuesday approved with certain conditions the mega-merger deal between media groups Sony and Zee.

A unit of Sony Group and Zee Entertainment have proposed offering concessions such as pricing discounts to help ease concerns of the country's antitrust regulator over their merger, which will create a $10-billion TV behemoth, two sources told Reuters.

After the Congress won three of the four Rajya Sabha seats in Rajasthan on Friday, Chief Minister Ashok Gehlot congratulated his party's candidates and said the BJP's attempt at horse-trading had failed.

Amazon's rivalry in India with oil-to-retail conglomerate Reliance Industries looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India's premier cricket league with its hundreds of millions of viewers.

Invesco on Wednesday denied allegations from India's Zee that the U.S. investment firm pitched a merger with another group that would have hurt shareholder interests before opposing the TV group's potential deal with Japan's Sony Group.

Zee said a push by Invesco for its management shakeup before its planned merger with Sony Group wasn't related to any legal governance issues

Invesco on Monday publicly lashed out at television giant Zee and objected to some terms of its proposed merger with Japan's Sony Group

The board of Zee rejected on Friday requests from two institutional investors for a meeting of shareholders, setting the stage for a courtroom battle that could affect an impending merger with Sony Group Corp.

According to the Zee-Sony deal, the majority of directors of the merged entity will be named by Sony Group, while Goenka will become the managing director and CEO

A merger of Zee and a domestic unit of Japan's Sony Group Corp will create a television powerhouse to grab more advertising revenue.

The Maharashtra Government had requested the Mahindra Group to ramp up production of these ambulances

Subhash Chandra and his group owned about 57 per cent of the education firm's shares as of the end of December, most of which are pledged, according to data from BSE Ltd.

Subhash Chandra, who ushered the cable and satellite revolution, announced late Monday that he would step down as Zee's chairman. The shares of Zee tanked nine per cent to hit an intra-day low of Rs 312.5 apiece on the BSE before recovering slightly to trade at Rs 322.40, down 6 per cent.

Earlier this year, Essel Group had sold up to 11 per cent in Zee Entertainment to Invesco Oppenheimer Developing Markets Fund for Rs 4,224 crore.

Media groups Sony and Zee have voluntarily agreed to sell three Hindi channels -- Big Magic, Zee Action and Zee Classic -- to address possible anti-competition concerns arising out of their proposed mega-merger deal.

The Competition Commission of India on Tuesday approved with certain conditions the mega-merger deal between media groups Sony and Zee.

A unit of Sony Group and Zee Entertainment have proposed offering concessions such as pricing discounts to help ease concerns of the country's antitrust regulator over their merger, which will create a $10-billion TV behemoth, two sources told Reuters.

After the Congress won three of the four Rajya Sabha seats in Rajasthan on Friday, Chief Minister Ashok Gehlot congratulated his party's candidates and said the BJP's attempt at horse-trading had failed.

Amazon's rivalry in India with oil-to-retail conglomerate Reliance Industries looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India's premier cricket league with its hundreds of millions of viewers.

Invesco on Wednesday denied allegations from India's Zee that the U.S. investment firm pitched a merger with another group that would have hurt shareholder interests before opposing the TV group's potential deal with Japan's Sony Group.

Zee said a push by Invesco for its management shakeup before its planned merger with Sony Group wasn't related to any legal governance issues

Invesco on Monday publicly lashed out at television giant Zee and objected to some terms of its proposed merger with Japan's Sony Group

The board of Zee rejected on Friday requests from two institutional investors for a meeting of shareholders, setting the stage for a courtroom battle that could affect an impending merger with Sony Group Corp.

According to the Zee-Sony deal, the majority of directors of the merged entity will be named by Sony Group, while Goenka will become the managing director and CEO

A merger of Zee and a domestic unit of Japan's Sony Group Corp will create a television powerhouse to grab more advertising revenue.

The Maharashtra Government had requested the Mahindra Group to ramp up production of these ambulances

Subhash Chandra and his group owned about 57 per cent of the education firm's shares as of the end of December, most of which are pledged, according to data from BSE Ltd.

Subhash Chandra, who ushered the cable and satellite revolution, announced late Monday that he would step down as Zee's chairman. The shares of Zee tanked nine per cent to hit an intra-day low of Rs 312.5 apiece on the BSE before recovering slightly to trade at Rs 322.40, down 6 per cent.

Earlier this year, Essel Group had sold up to 11 per cent in Zee Entertainment to Invesco Oppenheimer Developing Markets Fund for Rs 4,224 crore.