GECs
indya.com sets ‘web traffic record’ for Champions Trophy
MUMBAI: Star India’s internet portal indya.com has registered over 1.1 billion hits and 234 million page views on its iccchampionstrophy.indya.com site since its 8 October 2006 launch.
As the official internet partner of the International Cricket Council, indya.com was designated by the ICC to develop, host and market the official global web destination for the Champions Trophy, asserts an official release.
The site attracted over three million unique users from around the world – the most from India itself, followed by users from the US, UK, Pakistan and Australia. The ICC Champions Trophy was held from 7 October to 5 November in four cities across India: Ahmedabad, Jaipur, Mohali and Mumbai.
“Cricket lovers throughout the world have counted upon indya.com to deliver the best online cricket experience available, and I believe that the results speak for themselves,” said Star India Entertainment CEO Sameer Nair.
“The success we achieved makes icchampionstrophy.indya.com, Star India’s most successful web property to date and as the ICC Champions Trophy serves as a precursor to the 2007 Cricket World Cup, we anticipate an even larger response in the future,” he added.
The website hosted country specific packages which were available at different price points, allowing internet subscribers to buy into a ‘match pack’ – a gateway to live clips, highlight packages, and expert comments of every match in the tournament. The site served over one million video and live-streaming requests.
iccchampionstrophy.indya.com also offered a feature rich application called Matchcast that allowed users to access live scores, ball-by-ball updates of on-going matches, player and team backgrounds and a host of other information cricket enthusiasts would bowl their arm out for, adds the release.
Sponsors on the site throughout the month long tournament included Lufthansa Airlines and Monster.com.
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.
