"Several factors are contributing to the current market correction, including the strong US dollar index leading to outflows from emerging markets, concerns over the decline of the Chinese economy, and the Nifty going up 3,200 points without a break. However, India s overall outlook remains strong, and market corrections may present fresh opportunities for investors."
The Securities Appellate Tribunal did not overturn market regulator Sebis order which prohibits both Subhash Chandra Goenka and his son Punit Goenka from holding positions as directors or executives in publicly listed firms. Goenka was originally to helm the merged entity for five years.
Markets regulator SEBI has modified its order against Zee promoter Subhash Chandra and his son Punit Goenka, and barred them from holding the post of director or key managerial personnel in at least four Zee group companies.
India Business News: MUMBAI: A company law tribunal has approved the merger between Zee Entertainment Enterprises (Zee) and Sony Pictures Networks India (Sony), paving the.