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Tag: Amit Kapoor

  • Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued

    Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued

    MUMBAI: The regulatory investigation against  the father-son duo of Subhash Chandra and Punit Goenka seems to be never ending.

    Securities watchdog the Securities Exchange Board of India (Sebi) on 2 January said that it will be filing a fresh show cause notice (SCN) against the two and will continue its investigation into listing guidelines violations by Chandra and Zee Entertainment Enterprises Ltd (Zeel). This was spelt out in the  adjudication order issued by adjudicating officer (AO) Amit Kapoor on 2 January 2025.  

    In the order Kapoor stated  “that the contents of the SCN dated 6 July 2022 issued by the AO will also be incorporated in the SCN to be issued in the instant matter.”

    Zeel and its promoters are under Sebi investigation for not following Listing Obligations & Disclosure Requirements (LODR) 2015. The regulator had issued a show cause notice against them on 6 July 2022. 

    Both Zeel and Punit Goenka had filed settlement claims to settle the adjudication proceedings. Sebi normally allows entities against whom investigations have been initiated to apply for settlement by paying a certain fee or complying with the rules that the watchdog lays out. 

    Their application was rejected by a panel of whole time Sebi members who also instructed it to continue with the investigation.

    Kapoor’s  adjudication order  states that once the investigation into the instant matter is complete, the competent authority should proceed against Zeel, Chandra, and Goenka under section 11B of the Sebi Act 1992. (Section 11B gives Sebi the powers to levy penalties. Penalties can vary from Rs 1 lakh to Rs 1 crore or to Rs 25 crore or 10 years in prison or both depending under which section of the Sebi Act or Securities Contracts (Regulation) Act, 1956 they are being levied) 

    Kapoor’s order further states that the allegations contained in the SCN  of 6 July 2022 are to be subsumed with the findings of the further investigation carried out by Sebi in the instant matter. 

    “Accordingly, the contents of the SCN dated July 06, 2022 issued by the AO including the examination report and all the relied upon documents will be treated as integral part of the further investigation report by Sebi in the matter of Zeel. The contents of the SCN dated 6 July 2022 issued by  the AO to Zeel, Chandra and Goenka  will also be incorporated in the SCN to be issued in the instant matter. The instant AO proceedings would be dropped against the three, ” he further states in his order. 

  • One By Two: A Lost Cause

    One By Two: A Lost Cause

    MUMBAI: One By Two is formula for an economic date where one shares a single soup with his date with the notion that he will get a little more than the other.

     

    Here, the title is also symbolic of the stories which move simultaneously of two people which become one only at the end. Described as a romantic comedy, the film has these ingredients missing, romance as well as comedy! In fact, the film lacks in a definite concept. What is it all about?

     

    Abahy Deol is a dejected man having been dumped by his girlfriend. However, he is bent on getting her back. He serenades under her balcony when he is not punching a computer keyboard in his office or strumming a sponsor’s (washing powder Nirma) jingle on a guitar. His prized possession is a DVD of a song he wrote for his girlfriend which he hopes to play for her again someday!  If this is an ode to youth today, it is a sad one. His girlfriend has dropped him in favour of her dance guru so that she gets selected for a famous TV dance show.

     

    There is another contender to the said TV show in Preeti Desai, a London trained ballet dancer. What is common between Preeti and Abhay’s ex girlfriend is that they are so determined to get on to the show carrying a prize of 10 lakh that they make it a practice of sleeping  with the guys in charge! In a supposedly contemporary film, prize money of 10 lakh in a TV show must be pittance, especially considering Preeti seems to be well-off with her mother, Lillete Dubey, consuming gallons of Scotch per day. The ground for Lillete to be sauced all day is that she was dumped by her moneybag paramour.

     

    The sequences in the film often have no relevance to previous happenings. Some things just drop from nowhere. The comedy in the film is in noisy passing of gas and other toilet humour, all repeated rather too often. The hero is confused, undecided all his life. When asked to marry a girl of family’s choice, the family being his mother Rati Agnihotri and father Jayant Kriplani, he is okay with it. The suitor is a full blown Punjabi girl endowed with all the Punjabi attributes. And, how does he make his intent of not wanting to get tied down known?  On the Roka ceremony, he emerges out of his bedroom in a worn out boxers and a T shirt; he welcomes the girl’s family with a loud song accompanied by his guitar! The idea of comedy is rather weird!

     

    Instead of a romantic comedy, the film comes out more as a story of two perpetual losers. The film can be called directionless. As for music, the film has a couple of decent tracks in Ishq ki khushfehmiyan… and Khuda na khasta. While the making is economical, the only positive aspect in the film is cinematography by Sameer Arya. Performances are generally ordinary.

     

    One By Two is a lost cause.

     

    Producers: Abhay Deol, Amit Kapoor, Sanjay Kapoor, Vikram Khakhar.

    Director: Devika Bhagat.

    Cast: Abhay Deol, Preeti Desai, Lillete Dubey, Rati Agnihotri, Jayant Kriplani, Darshan Jariwala, Anish Trivedi.

  • GroupM India adds another feather to its cap with Porter Prize

    GroupM India adds another feather to its cap with Porter Prize

    MUMBAI: GroupM India has won the award for ‘leveraging unique activities’ at the prestigious Porter Prize 2013 event.

     

    GroupM is the first company from the media and advertising field to win this award. Elaborating the reasons why GroupM was chosen, Institute for Competitiveness India honorary chairman Dr Amit Kapoor said: “GroupM reflects effective rendering of activities across the value chain, how activities reinforce and synergies are created across its range of activities through a interlocking system that becomes basis for competitive advantage and sustainability. GroupM reflects an understanding that clearly states that good strategies depend on the connection among many things, on making interdependent choices and making a tailored value chain that competitors cannot easily imitate.”

     

    Porter Prize is one of the coveted awards in the field of strategy and competitiveness and is supported by the Institute for Competitiveness India.

     

    Speaking on the occasion, GroupM South Asia CEO CVL Srinivas said: “We are delighted to win the prestigious Porter Prize. This award is testament to GroupM India’s strategic approach to building the business that has resulted in a strong leadership position in this market. The diversified offerings of GroupM have scaled up over the years to become the new core of our agency. Our integrated product helps us provide unique value to clients to build their competitive advantage. All this wouldn’t have been possible without the support we get from our clients and business partners, the dedication and hard work put in by our talented team over the years, and the encouragement we get from GroupM regional, global offices and WPP to keep innovating and shaping the market.”

     

    GroupM India has continued its great run in 2013. Its agencies have dominated all industry awards, won over 60 new businesses and it has launched several initiatives in digital, content, experiential marketing and analytics.