News Broadcasting
Media stocks gain on the last day of 2002
MUMBAI: The media and entertainment sector stocks ended the calendar year on a high note. The market sentiments improved due to varied reasons such as the expectations of a good financial results; and indications that Zee will be raising US$ 40 million loan via an overseas corporate body (OCB).
On the Bombay Stock Exchange (BSE), Zee Telefilms opened at Rs 96.60; touched a high of Rs 98.9 before closing at Rs 97.5 (up 0.9 per cent); registering a volume of 1,579,695 shares. On the National Stock Exchange (NSE), the scrip opened at Rs 96.65; closed at Rs 97.55 registering volumes of 3,219,392.
On the BSE, the Balaji Telefilms scrip opened the day at Rs 83; climbed to Rs 85.05 (up 2.05 per cent) backed by hefty volumes of 3,27,679 shares traded.
On the BSE, Sri Adhikari Brothers Television Network started the day at Rs 93.35; climbed to 94.60 (up 1.25 per cent). Creative Eye started the day at Rs 14.75 and touched Rs 15. Cinevista Communications ended the day at Rs 35, while the TV18 stock finished the day at the bourses at Rs 78 (up 1.65 per cent).
Earlier, the Zee counter showed hectic activity due to a report in The Hindu Business Line . The report stated that the Subhash Chandra group had finalised plans to pledge equity shares of Zee Telefilms Ltd with the Zurich-based Credit Suisse First Boston Corporation (CSFBC) for a three-year term loan of $40 million.
The report mentioned that Delgrada Ltd, a Mauritius-based OCB owned by Mr Subhash Chandra will pledge five crore equity shares of Zee Telefilms, having a face value of Re 1 each, with Credit Suisse First Boston, Singapore, a wholly-owned subsidiary of the Zurich-based global banking and insurance giant.
The report also added that the OCB is unable to repay the loans within the stipulated time-frame of three years, CSFB would have the right to invoke the pledge and acquire ownership of the equity shares paving the way for having a substantial ownership in one of India’s premier media and television companies.
It stated that the company had approached the FIPB for prior approval of the proposed transfer of ownership of equities from the present owner, Delgrada Ltd to CSFB, Singapore, along with a request for an extended three-year validity of the approval. The normal validity for all FIPB approvals is two years.
According to the report; earlier this year, the DCA had initiated prosecution against the company for not mentioning the names of SSI creditors in its balance sheet for financial years 1998-99 and 1999-2000 as well as for not providing the break-up of payments to directors, including the managing director, in its balance sheet.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
