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Zee board backs promoter stake expansion to 24%
Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a promoter group entity, Sunbright Mauritius Investments. This strategic move, pending shareholder and regulatory nods, could substantially boost the promoter group's stake to nearly 24%. The warrants, priced at ₹126 each, require an upfront payment of 25%, with the balance due upon conversion within 18 months.
Zee board backs promoter stake expansion to 24%
Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a promoter group entity, Sunbright Mauritius Investments. This strategic move, pending shareholder and regulatory nods, could substantially boost the promoter group's stake to nearly 24%. The warrants, priced at ₹126 each, require an upfront payment of 25%, with the balance due upon conversion within 18 months.
Stock Market Today: All You Need To Know Going Into Trade On July 2 - NDTV Profit
Stock Market Today: All You Need To Know Going Into Trade On July 2NDTV Profit
Zee promoter family aims to raise stake, infuse ₹3,143 crore via warrants
In a board meeting on Wednesday evening, the promoters have proposed to eventually hike Sunbright International’s shareholding in Zee Entertainment from the current 0.18% to a little over 20%, taking the Subhash Chandra-led Goenka family’s total stake in the company to just under 25%.
Govt directs Meta to stall rollout of WhatsApp usernames over cyberfraud risks
The IT ministry has given the social media giant three days to submit an explanation amid concerns that the privacy-focused update could easily be misused to impersonate public figures and conduct scams.
FSSAI crackdown on energy drink brands; issues notices to 6 firms including Red Bull, Pepsico
Food Safety and Standards Authority of India (FSSAI) has "issued notices to several beverage brands claiming to be 'energy drinks' for misbranding and misleading claims", the regulator said in a post on social media platform Instagram on Wednesday.
Delhi EV buyers get single-window charging push, wider charging network under new policy
Delhi's new EV policy aims to boost electric vehicle adoption with a single-window clearance for charging stations and encouragement for housing societies to install chargers. OEMs must set up charging points at dealerships. The government will seek central funding for infrastructure expansion, while DISCOMs explore energy storage and time-of-day tariffs to lower charging costs. A nodal agency will coordinate public charging and battery-swapping efforts.
'Rs 1 Lakh Is The New Rs 30,000': Gurugram CA Explains Rising Cost Of Living
The post struck a chord with many social media users, particularly professionals living in cities such as Gurugram, Mumbai and Bengaluru.
New EV Policy: Delhiites to get subsidy in 60 days of owning e-vehicle
Delhi's new EV Policy promises subsidies within 60 days for electric vehicle buyers, including two-wheelers up to Rs 2.25 lakh. Incentives for electric two, three, and four-wheeled goods vehicles will be directly transferred. A committee will approve eligible EV models. While electric cars miss purchase incentives, they get road tax and registration fee exemptions until March 2030. The policy details tiered subsidies for two-wheelers and e-autos over three years.
Zee Entertainment secures Germany's top-tier football league Bundesliga media rights in India for the next five years
Zee Entertainment Enterprises has secured exclusive Indian broadcast and digital rights for Germany's Bundesliga football league for five years, starting 2026-27. Matches will air on Unite8 Sports channels and stream on Zee5, featuring top stars like Harry Kane. This move bolsters Zee's sports portfolio and aims to boost football development in India through initiatives like the 'Z x Bundesliga Football Week'.
Delhi EV Policy 2026 paves way for hydrogen-powered vehicles
Delhi's new Electric Vehicle Policy 2026 paves the way for hydrogen fuel-based vehicles within four years, aiming to curb vehicular emissions, a major contributor to air pollution. The city plans to introduce two hydrogen-powered buses soon, with the Delhi Transport Corporation collaborating with NTPC for this initiative. This move signifies a significant stride towards cleaner, sustainable public transportation and a future-ready mobility ecosystem for the national capital.
Union Cabinet approves six-lane Dwarka tunnel, Kanpur-Kabrai highway worth Rs 14,115 crore
The Union Cabinet has greenlit two significant highway projects totaling over Rs 14,000 crore. A six-lane tunnel will soon connect Dwarka Expressway to South Delhi, easing congestion and boosting urban mobility. Additionally, a new greenfield highway will link Kanpur and Kabrai in Uttar Pradesh, promising faster travel and improved logistics for regional economic growth.