Synopsis Zee’s consolidated revenue grew by 10% year-on-year to Rs 2,170 crore in the March 2024 quarter. This was 8% higher than the street’s estimates. A large part of this growth was on account of 10% growth in the advertising revenue at Rs1,110 crore, beating the analysts’ estimates by 16%. The stock of Zee Entertainment … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more
BENGALURU: Walt Disney-owned Star India has started arbitration proceedings against Zee Entertainment Enterprises for alleged non-compliance with the terms of a cricket broadcasting agreement, Zee said on Friday. Under the August 2022 agreement, Star India was to license television broadcasting rights for the International Cricket Council’s (ICC) events to Zee for four years, starting this … Read more
Zee Entertainment Enterprises is under the F&O trade ban on Saturday. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Individuals trading … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) will question the top management of Zee Entertainment Enterprises (ZEE) – including founder Subhash Chandra, chief executive and managing director Punit Goenka, the chief financial officer, as well as current and past board members – on the alleged fund diversion at the media firm, said two … Read more
Eleven stocks are under the F&O ban list on Saturday, January 20 viz. Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), National Aluminium Company, Oracle Financial Services Software (OFSS), Polycab India, RBL Bank, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Ashok Leyland, Bandhan … Read more
Mumbai: Zee Entertainment Enterprises has formally written to Culver Max Entertainment, an indirect subsidiary of Sony Group Corp, about extending the good faith negotiations to complete the merger deal but had not received any response from Sony’s India subsidiary till late Friday night. The 30-day good-faith negotiation deadline to salvage the merger ends on January … Read more
Mumbai: Shares of Zee Entertainment Enterprises dropped 8% on Tuesday – the sharpest single-day fall in nearly three years – on reports that Sony Group may call off the proposed merger between the two, even though the company has denied it. “We wish to reiterate that the company is committed to the merger with Sony … Read more
Equity indices soared more than 2% to settle at record high levels on Monday, marking the fifth straight day of gains. The 30-share Sensex jumped 1,384 points to close at a lifetime high of 68,865 and the broader Nifty also climbed 419 points to hit its all-time closing high of 20,686. Stocks that were in … Read more