Bombay HC gives Zee relief from Invesco’s EGM notice

Bombay HC gives Zee relief from Invesco’s EGM notice

The Bombay High Court on Tuesday temporarily restrained Zee Entertainment Enterprises' top investor Invesco from calling a shareholder meeting, in a win for the TV network even as the media company, founded by Subhash Chandra almost 29 years back, also cancelled a board meeting slated to be held later this week.

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Two new IPL teams, Lucknow & Ahmedabad, fetch BCCI $ 1.7 bn.

Two new IPL teams, Lucknow & Ahmedabad, fetch BCCI $ 1.7 bn.

Business tycoon Sanjiv Goenka and international equity investment firm Irelia Company Pte Limited (CVC Capital) shelled out a combined Rs 12,715 crore (approximately USD 1.7 billion) to win the bids for two new IPL teams, a windfall that far exceeded BCCI's expectations, on Monday.

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