Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters
The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21
Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor
DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning
Reliance announced the merger of its various content, distribution, and media properties in its listed subsidiary Network18 earlier this week.
Punit Goenka, managing director and chief executive officer of ZEEL, will continue in his role, even as his remuneration is being reviewed by the board
Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.
Analysts say the group is now largely left with cash guzzlers like Dish TV, Zee Media, Siti Networks, Shirpur Gold, and Essel Infraprojects
From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.
The litmus test for Goenka would be to take the financial investors, who've backed Zee, along with him even as he strives to weather the latest storm
Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely
It is so very rare for Indian media businesses to grow out of their founding family's shadow, however, benevolent it may be
Chandra made his way through packaging, publishing, leisure parks, broadcasting, cable, DTH, electronic lotteries, and so on
With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil
Zee said Chandra would continue to "mentor" the management, coming at a time when the promoter family has retained management control with only 5.9 per cent stake in the company
From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.
Chandra will be non-executive director and 'mentor' to management
The company's board has accepted the resignation, ZEEL said in a regulatory filing
The Subhash Chandra-led cash-starved Essel Group on November 20 said it is planning to sell 16.5 per cent stake in its flagship ZEEL to financial creditors to meet its loan repayment obligations
While 1 per cent of the promoters' holding will still be pledged, analysts believe issues related to promoter debt will come to an end