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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Is Zee CEO Punit Goenka to blame for what has come to pass or did Sony get cold feet as the deal dragged on?
Even less than 24 hours before the merger was called off on 22 January, Sony Group Corp. was still engaging with Zee Entertainment Enterprises CEO Punit Goenka to sort out niggling issues.
The two parties were going back and forth to salvage the proposed $10 billion merger that was expected to create the largest media and entertainment company in India. In recent weeks, Goenka’s role in the merged entity—of Zee and Sony Group’s India business—had been a big point of contention between the two conglomerates.
It’s no secret that Sony did not want Goenka helming the merged entity in the …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
