GECs
Qualcomm to host ‘Brew 2006’ India
MUMBAI: Qualcomm Incorporated a developer and innovator of advanced wireless technologies and mobile data solutions, has announced that it will host the second annual Brew Developers Conference – India.
The conference will be held in Mumbai at The ITC Grand Maratha Sheraton on 29 November.
The theme for this year’s conference ‘Brew Your Way’, is about discovering the limitless possibilities of the Brew solution. Targeted toward the wireless community in India, Brew 2006 – India will focus on bringing together distinguished members of the industry, both from within the country and around the world, asserts an official release.
Qualcomm India and SAARC president Kanwalinder Singh said, “Last year, Brew 2005 – India was a huge success and was attended by more than 250 industry professionals, including leading operators and developers. Encouraged by the tremendous response to last year’s event, Qualcomm is excited to once again host the conference for India’s growing wireless community.”
“Following a year of notable milestones, deployments and successes for the worldwide Brew community, this conference promises to reflect India’s distinct perspective on the progress of data services, as well as potential new trends within the industry,” Qualcomm India senior director sales and business development Vishal Gupta added.
Brew subscribers would benefit from several offerings, which include: uiOne for rich, integrated and dynamic user experiences with fast access to high revenue services on wireless devices; deliveryOnefor differentiated and tightly integrated, operator-managed support and delivery of advanced wireless data content and services; and marketOnefor a quick-to-market, hosted, scalable content delivery service that includes media titles, flexible management and monetization, content provider settlement and business intelligence services.
Qualcomm offers this comprehensive set of Brew offerings to meet the needs of companies delivering mobile products and services around the world, adds the release.
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.
