GECs
Broadcast & Media Technology 2014 to showcase latest products
MUMBAI: A 2-day exhibition Broadcast & Media Technology 2014 will be held on 18 & 19 July at ITC Grand Chola, Chennai. Organised by All India Broadcast Manufacturers and Distributors Association, AIBMDA, the exhibition will showcase the latest products and technologies related to broadcast and film industry. Addressing a press conference in New Delhi recently, Mr. Satish Aggarwal, President, AIBMDA said the response to the exhibition was very encouraging and most of the leading broadcast equipment manufacturers and distributors have confirmed their participation in the exhibition.
This includes AGIV India, Advanced Telemedia, BECIL, Benchmark Broadcast, CAT-5 Broadcast, CDM Technologies, Canara Lighting, Cineom Broadcast, Datapoint Impex, Datavideo, Delta4cast, Digital Broadcast India, Falcon Technologies, Harman International, Hitachi, Hytech Communications, Ideal Broadcasting, MediaGuru, Netweb Technologies, Panasonic, Pranav Mediatech, Real Image, Ross Video, SRSG Broadcast, Setron India, Shaf Broadcast, Singh World, Visual Technologies India and Wasp3D. Many others were in the process of finalising their participation.
Mr. S. C. Oberoi, Secretary , AIBMDA added that Broadcast & Media Technology 2014 was the biggest broadcast exhibition to be organised in South India and arrangements were being made to invite engineers and professionals working in the broadcast and film industry in Chennai, Hyderabad, Bangalore, Thiruvananthapuram, Sri Lanka and Maldives to visit the exhibition. Special care is being taken to provide an atmosphere conducive for fruitful interaction between buyers and sellers during the exhibition. The exhibition will be inaugurated at 10.00 AM on 18 July.
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
