GECs
MAX hits cricket fans for a Six
On Saturday and Sunday MAX will show the 'Cathay Pacific Standard Chartered Hong Kong Cricket Sixes'. Participants include archrivals India and Pakistan, World Cup Champions Australia, South Africa, Sri Lanka. This tournament will also provide vital exposure to minnows U.A.E. and Hong Kong.
Pakistan is represnted by fearsome pace bowler Wasim Akram, attacking opener Shahid Afridi. South African Jonty Rhodes will display his acrobatic ability on the field. Australia has former players Dean Jones, David Hookes and Greg Matthews.
Our side is led by all rounder Robin Singh. Sunil Gavskar's son Rohan will try to follow in the legendary opener's footsteps. Exciting youngsters Hemang Badani and Yuvraj Singh will also display their cricketing prowess.
There are two Pools of four teams. The top two teams in each Pool will compete for the Cup and the rest will settle for the Plate.
The game basically halves the normal one-day game version and promises to double the fun. Each team has six players bowling five overs. The side having the highest score at the completion of the game shall win. If both sides end up with the same score the side which has lost less wickets will win.
If there is still a tie less extra's and more sixes hit will factor in. Two points go to the winning side and any team losing a tied game gets one point.
Rajat Jain, Business Head, MAX, had these comments to make "Cathay Pacific Standard Chartered Hong Kong Cricket Sixes is more like a miniature Cricket World Cup, with some of the best teams, the same limited overs action, and definite and instant results too! We're really happy to be bringing all this live to the millions of cricket lovers who watch MAX."
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.
