Zee-Sony Saga: Can the terminated merger be revived? Or is it reopening Pandora’s box?

On January 22, Sony terminated the proposed $10 billion merger with Zee first announced in December 2021 (Image source: Moneycontrol)

Reports of a revival of merger talks between Zee and Sony prompted the former to issue a clarification that Zee was “not involved in any negotiations”. Now SEBI has unearthed fresh monetary discrepancies in ZEE’s dealings.

‘Classless’, ‘below-the-belt’: Why Pine Labs jab at Paytm didn’t go down well

Pine Labs responded to Paytm's front-page advertisement in the Times of India on February 19 by launching a competitive campaign, highlighting their own offerings in response to Paytm's claims of omnipresence through sound boxes and QR codes. (Image source: Karthik Srinivasan via LinkedIn)

Netizens showed mixed reactions to Pine Labs’ ad which attacked Paytm.

Add to cart: Is Flipkart buying Dunzo?

Cash-strapped Dunzo is also backed by Alphabet's Google. In October 2023, Quick commerce platform Dunzo’s co-founder Dalvir Suri quit the company at a time when the startup was facing a funding crunch, delayed payments to employees and layoffs. (Image source: Unsplash and Justdial)

While talks are still ongoing, complexities surrounding Dunzo’s ownership structure are posing a challenge for the two parties to come to an understanding over a deal, reports indicate.

Mahindra’s Classic Legends, maker of Jawa, plans to take BSA bikes deeper into the UK

Mahindra & Mahindra (M&M) announced on December 13, 2023, that, in collaboration with external investors, it will infuse Rs 875 crore into Classic Legends Pvt Ltd (CLPL). (Representative Image: Guruprasath Chandrasekaran via Unsplash)

Classic Legends is the owner of brands such as Jawa, Yezdi, and BSA, operating in India’s rapidly expanding premium motorcycle segment.

Zee Entertainment faces fresh woes as SEBI uncovers $240 million discrepancy

According to ZEE MD and CEO, Punit Goenka their plan is now be centred around three key aspects. These included frugality, optimisation and sharp focus on quality content.(Image source: Moneycontrol)

As per reports, this figure is roughly ten times larger than SEBI’s initial estimates, raising concerns about financial irregularities within Zee.

Yum Restaurants may sell entire stake in Devyani International for Rs 815 crore

As of December 30, Yum Restaurants India held 5 crore shares in Devyani International. Yum Restaurants India had bought a 4.41 percent stake in Devyani International in September 2021 after which it had maintained its stake in the company. (Image source: YouTube)

Devyani International is the largest franchisee for Yum Brands which operates KFC, Pizza Hut, and Taco Bell in India and the sole franchisee for Costa Coffee.