Latest news with #ZeeMediaCorporation
Indian Express
6 days ago
- Sport
- Indian Express
MS Dhoni's 100-crore defamation suit: Madras HC orders commencement of trial
The Madras High Court on Monday ordered that a trial commence in what is now a 10-year-old defamation suit which was filed by former Indian cricket team captain Mahendra Singh Dhoni. Dhoni is seeking Rs 100 crore in damages from Zee Media Corporation, journalist Sudhir Chaudhary, retired Indian Police Service (IPS) officer G Sampath Kumar, and News Nation Network for having dragged his name in the Indian Premier League betting scam. Dhoni has told the court that he would be available for examination as well as cross-examination between October 20 and December 10 this year, according to a report in The Hindu. The report added that Justice CV Karthikeyan had appointed an advocate commissioner to record evidence from Dhoni on a 'mutually convenient' premises in Chennai. The court said this was being done because the the court wanted to avoid chaos on the court premises if Dhoni was to make an appearance. Senior counsel PR Raman submitted an sworn affidavit from Dhoni, where he has shown his intent to proceed with the trial in the defamation suit. While Dhoni filed the suit in 2014, the trial has been pending for 11 years because of multiple applications taken out by the defending parties seeking relief. Back in 2014, it was reported that Dhoni, in his suit, had submitted that the defendants had run defamatory and scandalous false reports since February 11, 2014. Dhoni's suit had mentioned how Zee Media Corporation Limited, known as Zee News, and Sudhir Chaudary, Editor and Business Head of Zee News Channel (known as the first and second defendants) in collusion with IPS officer G Sampath Kumar (the third defendant) have been telecasting and broadcasting and posting in their websites false reports insinuating that Dhoni was involved in illegal activities of betting, match fixing and spot fixing. Similarly, News Nation (defendant no 4) had joined the tirade against Dhoni and later on went to the extent of stating that Dhoni was summoned by the Tamil Nadu police, which was also utterly false, the affidavit had stated.
Business Standard
30-07-2025
- Business
- Business Standard
Zee Media Corporation reports consolidated net loss of Rs 8.81 crore in the June 2025 quarter
Sales rise 3.64% to Rs 182.36 croreNet Loss of Zee Media Corporation reported to Rs 8.81 crore in the quarter ended June 2025 as against net loss of Rs 10.38 crore during the previous quarter ended June 2024. Sales rose 3.64% to Rs 182.36 crore in the quarter ended June 2025 as against Rs 175.96 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 4 OPM %10.858.39 -PBDT15.738.28 90 PBT-11.44-21.95 48 NP-8.81-10.38 15 Powered by Capital Market - Live News
Mint
22-05-2025
- Business
- Mint
Mumbai-based DII buys stake in Zee Media Corporation. Share price edges higher
Zee Media Corporation share price traded higher on Thursday after the company announced that its promoter group entity, a Mumbai-based domestic institutional investor (DII), has acquired a stake in the company. Zee Media shares gained as much as 2.62% to ₹ 14.88 apiece on the BSE. AUV Innovations LLP, Zee Media Corporation's promoter group entity, has purchased 32 lakh equity shares of Zee Media Corporation, representing 0.51% stake in the company, in two tranches, through on-market transactions. The total value of the shares purchased is approximately ₹ 4.9 crore. '...we wish to inform you that we, AUV Innovations LLP, have acquired 2,40,000 shares on 16th May, 2025 and 29,60,000 shares on 19th May, 2025 of Zee Media Corporation Limited by way of on-market purchase of shares,' Zee Media Corporation said in a regulatory filing on May 22. On May 16, AUV Innovations LLP acquired 2.40 lakh Zee Media shares, aggregating to 0.04% equity stake in the company, worth ₹ 34,82,928. Subsequently, it also acquired 29.60 lakh shares of Zee Media Corporation worth ₹ 4,54,77,440, raising its total stake in the company to 0.51%, holding a total of 32,00,000 shares. Prior to these transactions, AUV Innovations LLP did not hold any shares of Zee Media Corporation, according to the regulatory filing. As per the latest shareholding pattern of Zee Media Corporation as on 31 March 2025, promoters held 1.62% stake in the company, while the remaining 98.38% stake is held by public shareholders. Zee Media share price gained 5.5% in one month, while the stock is down 24% on a year-to-date (YTD) basis. In the past one year, Zee Media shares have gained 5%, while it has risen 76% in two years. However, Zee Media share price has delivered multibagger returns of 180% in the past five years. At 2:55 PM, Zee Media Corporation share price was trading 0.69% higher at ₹ 14.60 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
06-05-2025
- Business
- Business Standard
Zee Media Corporation reports consolidated net loss of Rs 36.76 crore in the March 2025 quarter
Sales decline 12.95% to Rs 155.80 crore Net Loss of Zee Media Corporation reported to Rs 36.76 crore in the quarter ended March 2025 as against net loss of Rs 6.51 crore during the previous quarter ended March 2024. Sales declined 12.95% to Rs 155.80 crore in the quarter ended March 2025 as against Rs 178.98 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 119.42 crore in the year ended March 2025 as against net loss of Rs 98.43 crore during the previous year ended March 2024. Sales declined 2.57% to Rs 621.91 crore in the year ended March 2025 as against Rs 638.29 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 155.80178.98 -13 621.91638.29 -3 OPM % -5.3314.60 - -2.97-6.14 - PBDT -9.7033.30 PL -37.82-38.30 1 PBT -38.496.30 PL -156.85-123.24 -27 NP -36.76-6.51 -465 -119.42-98.43 -21
Business Standard
06-05-2025
- Business
- Business Standard
Zee Media Corporation reports standalone net loss of Rs 22.68 crore in the March 2025 quarter
Sales decline 12.80% to Rs 117.48 crore Net loss of Zee Media Corporation reported to Rs 22.68 crore in the quarter ended March 2025 as against net profit of Rs 0.19 crore during the previous quarter ended March 2024. Sales declined 12.80% to Rs 117.48 crore in the quarter ended March 2025 as against Rs 134.72 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 100.33 crore in the year ended March 2025 as against net loss of Rs 85.99 crore during the previous year ended March 2024. Sales declined 0.61% to Rs 454.88 crore in the year ended March 2025 as against Rs 457.69 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 117.48134.72 -13 454.88457.69 -1 OPM % -6.0819.58 - -6.47-10.62 - PBDT -10.1632.38 PL -50.58-52.92 4 PBT -32.9512.02 PL -144.70-109.74 -32 NP -22.680.19 PL -100.33-85.99 -17
