M S Dhoni had filed the defamation suit in 2014 against Zee Media Corporation, Sudhir Chaudhary- Editor & Business Head of Zee News, IPS Officer G Sampath Kumar, and News Nation Network Pvt Ltd.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
After a sharp outperformance in the mid-and small-cap segments in the first half of calendar year 2023 (H1-CY23), analysts are now turning cautious on these two market segments and suggest investors stay selective and look for valuation comfort and earnings visibility before investing. The S&P BSE Midcap index has surged 13.7 per cent in H1-CY23, and the S&P BSE Small-cap index gained 12.7 per cent during this period, data shows. The S&P BSE Sensex, in comparison, has moved up 6.4 per cent.
Media company Zee Media Corporation Limited on Tuesday vehemently rebutted the allegations in the defamation civil suit filed by India captain Mahendra Singh Dhoni in the Madras high court, where he alleged Zee News of telecasting "malicious" news about him.
The TV news anchor arrested and released on bail over a misleading video of Congress leader Rahul Gandhi was not named as an accused in the first information report (FIR) lodged by the Uttar Pradesh, just minutes before they reached his home in Ghaziabad.
India captain Mahendra Singh Dhoni on Tuesday approached the Madras high court seeking Rs 100 crore damages from Zee News and other defendants over defamatory news about him related to the betting scandal in the sixth edition of the Indian Premier League.
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
Demerging print and TV news businesses will allow for separate investment by interested players.
Zee News, Zee Media's flagship brand, was at the centre of a controversy over its media practices that pushed Subhash Chandra towards BJP.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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