Latest news with #ZeeEntertainment
India Today
3 days ago
- Business
- India Today
Stocks to watch on June 17: TCS, HCLTech, Zee, Biocon, Hyundai, ICICI Bank, NTPC
Even as tensions in the Middle East continue between Israel and Iran, the stock market saw gains on Monday, supported by strong performance in large-cap seemed focused on long-term growth despite the uncertain global environment. On Tuesday, several stocks will be in focus due to company announcements and other key include Tata Consultancy Services (TCS), HCL Technologies, Zee Entertainment, Biocon, Hyundai Motor India, ICICI Bank, NTPC, Vishal Mega Mart and Bata India on Sensex and Nifty. HCL TECHNOLOGIESHCLTech has entered into a strategic multi-year partnership with a large energy company based in Europe. The deal will see HCLTech building a new private cloud for and managing cloud and network services across its global operations. This move is expected to help handle its IT needs more efficiently and support its digital CONSULTANCY SERVICES (TCS)TCS has joined hands with the Council of Europe Development Bank (CEB) to improve the bank's operational systems. As part of this partnership, TCS will bring in its BaNCS platform for Reconciliations. This technology will use artificial intelligence to simplify and automate the bank's transaction matching and data checking BANKThe Reserve Bank of India has approved the reappointment of Sandeep Batra as Executive Director of ICICI Bank for another two years. His new term will begin on December 23, 2025. The reappointment is subject to approval from the bank's MEGA MARTPromoter firm Samayat Services is set to sell up to Rs 9,896 crore worth of shares in Vishal Mega Mart through block deals, according to a report by CNBC-TV18. The size of the sale has increased from an earlier plan of Rs 5,057 crore. The floor price for the share sale has been fixed at Rs 110 per has launched its qualified institutions placement (QIP) process to raise funds. The floor price for the issue is set at Rs 340.20 per share. As per reports, the company plans to raise around Rs 4,500 crore through this QIP. The money is likely to be used to support business growth and reduce NTPC has said it will consider raising up to Rs 18,000 crore through bonds. The decision will be taken in a meeting scheduled for June 21. The funds will be used for business needs, including project financing and working MOTOR INDIAHyundai has started production of passenger vehicle engines at its plant in Talegaon, Maharashtra. The move is part of the company's plan to expand its manufacturing base in ENTERTAINMENTThe board of Zee Entertainment has approved the issue of up to 16.95 crore fully convertible warrants to entities in the promoter group. These warrants will be issued on a preferential basis at a price of Rs 132 each, helping the company raise a total of Rs 2,237.44 crore. The funds may be used for future business needs and INDIAThe Bata Group has announced a new global CEO. Panos Mytaros will take over the top role, replacing Sandeep Kataria, who led the company since 2020. Mytaros brings global experience and is expected to lead the company through its next phase of growth. advertisement
Time of India
3 days ago
- Business
- Time of India
Sony Pictures sharpens India focus amid M&E shake-up
Synopsis Sony Pictures Entertainment is increasing its investment in the Indian media and entertainment sector, driven by economic and population growth. Following a failed merger with Zee Entertainment, SPNI is focusing on strengthening content production, digital platforms like SonyLIV, and distribution partnerships under new leadership. Recent investments include cricket rights and a revamp of Sony Entertainment Television's programming to boost viewership.
Reuters
4 days ago
- Business
- Reuters
Zee Entertainment shareholders to invest $261 million in fundraiser
June 16 (Reuters) - Indian broadcaster Zee Entertainment ( opens new tab on Monday approved a fundraise through the issue of fully convertible warrants worth 22.37 billion rupees (about $261 million) to certain shareholders. Zee will issue up to 169.5 million fully convertible warrants on a preferential basis to Altilis Technologies and Sunbright Mauritius Investments, in one or more tranches. The fundraise is part of Zee's plan to build its core business and invest in high-potential emerging segments, the company said, without expanding on the details. The development also comes as Zee tries to stabilise its operations and focus on digital growth after many efforts including cost cuts, trimming staff, and investing in new content to regain ground after the fallout from last year's failed merger with Sony's (6758.T), opens new tab Indian assets. The total promoter shareholding post the fundraise will increase to 18.39% from 3.99% as of March-end 2025, Zee said. ($1 = 85.8080 Indian rupees)
Business Standard
12-06-2025
- Business
- Business Standard
Zee Ent gains as board to discuss 3-5 years growth roadmap with investment banker
Zee Entertainment added 2.04% to Rs 135.20 after the company announced that its board will meet on Monday, 16 June 2025, where an investment banker will present and discuss the company's growth initiatives for the next three to five years. The investment banker will apprise the board of its review of the companys business plans and the growth initiatives for the next three to five years. They may suggest any risk mitigation thoughts for the execution of such plans. They may also recommend potential fund-raising options, if any. Additionally, the companys board will hold a separate meeting on the same day to deliberate on the investment bankers recommendations and consider adopting them, either in part or in full. Zee Entertainment Enterprises is a leading content and technology powerhouse, seamlessly blending its rich legacy with pioneering innovation to deliver cutting-edge entertainment experiences. Z brings diverse stories to life through linear television, digital platforms, movies and music across languages. The companys consolidated net profit surged 1,306% to Rs 188.40 crore on 0.7% increase in net sales to Rs 2,184.10 crore in Q4 FY25 over Q4 FY24.
Time of India
11-06-2025
- Business
- Time of India
ZEE5 Aims to Slash Operating Losses by up to 60% in FY26
HighlightsZEE5, owned by Zee Entertainment, aims to reduce its operating losses by 50-60% in the fiscal year 2026, with a target to achieve an EBITDA margin of 18-20%. The platform plans to launch 100 content titles in fiscal year 2026, focusing on language-based offerings in regional markets such as Tamil, Telugu, Kannada, Malayalam, Marathi, and Bengali. Despite facing competition from major streaming services like Netflix and Prime Video, ZEE5's revenue grew by 6% in fiscal year 2025, reaching ₹976 crore, as the company emphasizes cost control while delivering quality content. ZEE5 , the streaming platform owned by Zee Entertainment, aims to reduce its operating losses by 50-60% in FY26 , president of digital businesses and platforms Amit Goenka said. The OTT industry has shifted its focus to achieving profitability after years of heavy investments in subscriber acquisition, which had taken a toll on their P&L. In FY25, ZEE5 reduced its Ebitda loss to ₹548 crore from ₹1,105 crore in the previous year. The company has been aggressively cutting costs to achieve its goal of an 18-20% Ebitda margin in FY26. "This year, we are striving to reduce our Ebitda losses by more than 50-60% compared to last year. ZEE5 is the only division in Zee Entertainment that is not yet profitable, and we are looking to make it Ebitda-positive," he said. According to Goenka, producing content at a competitive price has been Zee's strength, and the company wants to maintain the cost advantages it has built over the years. ZEE5's focus on investing more in the story than in the star cast has helped it reduce costs-unlike other major streamers who spend huge amounts of money on star-driven shows, he noted. "We will control our costs and at the same time deliver quality content to audiences," he said. ZEE5 is planning to launch 100 content titles in FY26, with a focus on language-based offerings in markets like Tamil, Telugu, Kannada, Malayalam, Marathi and Bengali. In FY25, the platform launched 60 pieces of content across movies and originals. Goenka also downplayed concerns that stringent cost controls would impact revenue growth, even as the platform competes with giants like Netflix, Prime Video and JioHotstar. ZEE5's revenue grew by 6% in FY25 to ₹976 crore. "Controlling costs can still help you grow users and offer a great content experience because how you tell the story is more important than the face behind it," he said. While ZEE5 has a hybrid subscription and ad-led model, Goenka sees a lot of potential in the subscription model and intends to partner with telcos, broadband players and other distribution platforms to reach new audiences in tier-2 and -3 cities. The platform also aims to double down on technology to improve user experience and experiment with emerging genres like short-form vertical video.
