ZEE Q3 results: Nuvama expects ZEE to report 5 per cent fall in ad revenues against a 3.3 per cent YoY decline in the September quarter. It anticipates subscription revenue to improve 1 per cent YoY.
The Mumbai bench of the National Company Law Tribunal (NCLT) declined immediate interim relief to Zee Entertainment Enterprises shareholder Mad Man Film Ventures in their bid to enforce the merger scheme between Sony and Zee. Mad Man sought to restrain Zee and Sony from acting against the NCLT s August 10, 2023 order sanctioning the merger.
A court nullifying Elon Musk s $56 billion compensation reignites governance concerns over top management s omnipotence, as boards and shareholders seemingly rubber-stamp decisions. CEOs wield significant power, influencing vital choices and governance structures, often with limited shareholder oversight. Shareholder discontent occasionally emerges, yet challenging entrenched leadership proves arduous. Guardrails against power abuses falter, leaving governance in limbo.
India Business News: Sony expresses disappointment with the Singapore arbitral tribunal's decision on the Zee merger, but vows to continue arbitration. Get the latest updates on the case.