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Tag: Manish Chokhani

  • Zee Business celebrates Muhurat Trading 2025 with special festive shows

    Zee Business celebrates Muhurat Trading 2025 with special festive shows

    MUMBAI: As Diwali lights up India with hope and new beginnings, Zee Business is set to present a grand special show series on Muhurat Trading 2025. The sacred hour, which ushers in Samvat 2082, blends faith and finance as investors across the country trade for prosperity.

    This year, Zee Business marks a major milestone. The channel’s long-standing advocacy for moving the Muhurat Trading session to the afternoon has been recognised by stock exchanges, with the new trading window now set from 1:45 pm to 2:45 pm. The revised timing enables investors to participate in the auspicious market hour while celebrating Lakshmi Puja with their families, reflecting Zee Business’s commitment to inclusivity and investor convenience.

    To commemorate this moment, Zee Business has curated a special programming lineup featuring ‘Gullakh mein lakshmi shubh mangal nivesh’ and ‘Economy dumdar, Diwali shandaar’, along with a Muhurat Trading Special airing live on Tuesday, October 21, from 1:00 pm to 3:00 pm. The broadcast will include festive visuals, expert insights, and live coverage from trading floors, capturing the spirit of the markets on Diwali day.

    Esteemed market leaders including Nilesh Shah, Ramdeo Agrawal, Sunil Singhania, Madhu Kela, Manish Chokhani, Sameer Arora, Ridham Desai, Vijay Kedia, Mihir Vora, Ashish Somaiya, A. Bala, and Vikram Kotak will join the celebrations to decode investment themes and growth opportunities for Samvat 2082.

    Zee Business managing editor Anil Singhvi said, “Muhurat Trading is a moment when every trade carries a prayer and every investor embraces hope. By advocating for the timing shift, Zee Business has ensured that this celebration of prosperity becomes accessible to everyone, blending tradition with modern convenience and reinforcing investor trust.”

    Echoing his sentiment, Zee Media Corporation Limited CEO Karan Abhishek Singh added, “This auspicious session represents both new beginnings and informed decision-making. By supporting the revised timing, we’re helping investors participate meaningfully in the markets while preserving Diwali’s festive spirit.”

     

  • Unlock financial prosperity With ET Now and ET Swadesh’s Diwali programming

    Unlock financial prosperity With ET Now and ET Swadesh’s Diwali programming

    Mumbai: Ushering in a season of happiness and prosperity, ET Now and ET Now Swadesh have unveiled a specially curated Diwali programming. The exclusive week-long line-up of interactive and engaging content, themed ‘Samvat 2081-Review, Revise, Rise’ on ET NOW and ‘Samvat 2081 – Ye Diwali Samruddhi Wali’ on ET NOW Swadesh, is aimed at guiding viewers toward financial prosperity.

    Committed to India’s growth story, both channels promise viewers week long programming packed with expert insights and interactive shows to help them review their portfolio, revise their strategy, and rise with India during this auspicious period of Samvat 2081.

    Diwali special programming on ET Now includes:

    1    Investment Gurus: Investors Hiren Ved (Director & CIO, Alchemy Capital), Viktor Shvets (Global Strategist, The FII View), Neelkanth Mishra (Chief Economist,  Axis Capital), Manish Chokhani (Director, Enam Group), Ravi Dharamshi (Founder & CIO, ValueQuest Investment Advisors), Ramdeo Agarwal (Chairman, Motilal Oswal Group) and market veteran Madhusudan Kela, will deep dive into investment philosophies and perspectives on the current market. Each episode airing at 9:20 am and 10 am will delve into investment strategies for the year ahead in Samvat 2081.

    2    Consumption Pulse: This segment will capture India’s consumption story, drawing attention to the festive sales trends across sectors, highlighting the significance of a consumption-driven economy. Through exclusive interviews, this segment, airing at 10:20 am everyday will provide a snapshot of the broader implications that await investors. The panellists include Amar Sheth (MD, Group Shaman), Vinkesh Gulati, (Vice President – Automotive Skills Development Council – India and Former President FADA), and Amit Kumar Sinha, (MD & CEO, Mahindra Lifespace Developers Ltd).

    3    ‘FUND’tastic Managers: This dynamic show takes viewers inside the world of India’s top mutual fund managers, offering exclusive insights into their strategies for high returns. Airing at 12:15 pm every day, industry experts Harsha Upadhyaya (CIO, Kotak MF), Sailesh Bhan (CIO – Equity Investments, Nippon), Mahesh Patil (CIO, Birla MF), and Rajeev Thakkar (CIO, PPFAS) will provide actionable advice for navigating risks.

    4    Wizards Of Wealth: A series spotlighting India’s top wealth architects as they navigate complex markets and manage high-net-worth portfolios for India’s elite. Airing daily at 12:45 pm, the show features prominent wealth managers Anup Maheshwari (Co-Founder & CIO, 360 One Wealth), Feroze Azeez (Deputy CEO, Anand Rathi Wealth), Ashish Shankar (MD & CEO, Motilal Oswal Wealth), and Vikas Khemani (Founder, Carnelian Asset Management).

    5    The Money Show: Focused on guiding first-time investors, this show airing every day at 5 pm helps viewers to begin their investment journey with special segments like ‘Gruhlaxmi to DhanLaxmi’, ‘Clean Your Portfolio’, ‘Diwali Darbar’  featuring Anushka Rathod and Arun Kumar (Funds India), Niranjan Awasthi (Head – product & Marketing, Edelweiss AMC), Sahil Kapoor (Head of products and market strategy, DSP Mutual Fund), Harsha Upadhyaya (CFA, Kotak Mahindra AMC), Trideep Bhattacharya (CIO, Edelweiss MF), Ashish Gupta (CIO, Axis MF) amongst others.

    6    Commodity Central: Commodity Central, airing on October 29 at 4:30 pm, delves into the evolving global commodities landscape for the new Samvat. From oil and precious metals to agricultural goods, experts Sehul Bhatt, (Director- Research, CRISIL Market Intelligence and Analytics), Anindya Banerjee, (Vice President – Currency Derivatives & Interest Rate Derivatives, Kotak Securities) and Ramesh Varakhedkar, (Head of Commodities, ICICI Securities) will analyze market trends and the key commodities to watch this year.

    7    ET NOW Realty Reckoner: This comprehensive real estate guide airing on October 30 at 4:30 pm covers topics exploring realty trends, residential and commercial properties, REITs, taxation and more. Featuring Anuj Puri, Chairman, ANAROCK Group, this show will help viewers plan their real estate portfolios.  

    ET NOW SWADESH’s special Diwalis programming includes,  

    1    Top 10 Investment Policies by Nikunj Dalmia: Join Nikunj Dalmia, Editor-in-Chief, ET NOW and ET NOW SWADESH, as he unveils his top 10 investment mantras in this show on October 29 at 12:30 pm. As a veteran journalist and market expert, Dalmia will empower investors with insights to enhance their portfolios this Diwali.

    2    Diwali Darbar: A roundtable featuring top CIOs Harsha Upadhyay (CIO, Kotak AMC), Trideep Bhattacharya (CIO, Edelweiss MF), and Anish Tawakaly (ICICI MF), will discuss investment strategies for Samvat 2081. The segment airing on October 29 at 12:30 p.m will offer deep insights into market expectations and portfolio adjustments for the new financial year.

    3    Diwali Discount on Shares: Airing on October 30 at 12:30 pm, this is a special segment focusing on stocks trading at attractive valuations. Experts Sunny Agrawal (Head – Retail Fundamental Desk, SBI Securities) and Gaurang Shah (Head Investment Strategist, Geojit Financial Services) will share their research-based insights, helping investors spot key opportunities in the market this Diwali.

    4    Rocket Share: In this exciting segment airing on October 31 at 12:30 pm, market experts Mayuresh Joshi, Abhishek Agarwal, and Vivek Karwa (CEO, Vridhi Investment) will present their top 3 stock picks for Samvat 2081, catering to short, medium, and long-term investors aiming for stellar returns.

    5    Ye Diwali Samruddhi Wali – Grihalaxmi Se Dhanlaxmi: Focusing on women’s financial freedom, this segment airing on November 1 at 4 pm will have expert Aayushi Dholakia, as she shares insights into women’s journey towards achieving financial independence, empowering viewers with actionable advice on managing finances effectively.

    On 1 November 2024, ET Now and ET Now Swadesh will air a special Muhurat Trading Session from 5-7 PM to celebrate the new Hindu calendar year. Featuring live market analysis and strategies, the session will include insights from experts Ramesh Damani, Sunil Singhania (Founder, Abakkus Asset Manager LLP), Nilesh Shah (MD & CEO, Kotak MF), Vijay Kedia, Harsha Upadhyaya (CIO, Kotak AMC), Sunil Subramanium along with chartists Kunal Bothra and Nooresh Merani. The show will blend the auspiciousness of Diwali with expert financial advice, focusing on market trends and investment opportunities for the year ahead.

  • NCLT gives Zeel time till 22 Oct to file reply to Invesco plea

    NCLT gives Zeel time till 22 Oct to file reply to Invesco plea

    Mumbai: The National Company Law Tribunal (NCLT) on Friday gave Zee Entertainment Enterprises Ltd (Zeel) time till 22 October to file its reply to a plea by its shareholder, according to a report by PTI. The decision was taken after the company approached National Company Law Appellate Tribunal (NCLAT) which declared that ‘reasonable and sufficient opportunity’ should be given to Zeel to respond to the investor’s plea.

    Zeel had approached the appellate body challenging the NCLT order dated 5 October which asked the company to submit its reply to the investor’s demand for calling an extraordinary general meeting (EGM) by Thursday.

    The NCLT hearing had been deferred to Friday after the NCLAT reserved its order on the plea until later in the evening on Thursday.

    Zeel two top investors Invesco Developing Markets Fund and OFI Global China Fund LLC who combined own 18 per cent stake in the company had sent a requisition notice to Zeel on 11 September to call an EGM even after two weeks, the investors moved to NCLT, citing provisions of Company Law, according to which the company is bound to call for an EGM within a specific number of days, if stakeholder demanding it owns more than 10 per cent of the company.

    The investors had also sought the removal of long-standing directors and close associates of the Chandra family from the board. The two independent directors Ashok Kurien and Manish Chokhani have already submitted their resignations.  

    The investors moved to have six nominees appointed to the board of Zeel, which included Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srnivasa Rao Addepali and Gaurav Mehta as independent directors of the board for a term up to five consecutive years. The notice was received by Zeel on 12 September, and it informed the stock exchanges on 13 September, adding that the appointments are subject to approval by the ministry of information and broadcasting (I&B).

    Last week, Zeel refused to conduct the EGM citing ‘shareholders interest,’ and moved to Bombay high court seeking to declare the requisition notice as ‘illegal and invalid.’

  • Zee-Sony entity to generate close to $2 billion in revenue

    Zee-Sony entity to generate close to $2 billion in revenue

    Mumbai: Zee Entertainment Enterprises Ltd (Zeel) on 22 September announced its plans for a merger with Sony Pictures Networks India (SPNI). The merged entity will be the largest media and entertainment player in India with a scale close to $ two billion in revenue.

    In an investor call on Wednesday, Punit Goenka, who has been proposed as the managing director and chief executive officer of the merged entity for a period of five years, stated that “the primary objective will be growth for the company overall. Whether that will be for the digital or sports business that the new board of the merged company will decide,” according to a report by Moneycontrol.

    The merger was unanimously approved by the Zeel Board in a meeting held on Tuesday, where it evaluated the agreement on the financial parameters as well as the strategic value which SPNI brings to the table.

    “Condition for my appointment is the same as what has already been approved by the shareholders. There is no change to that. Any change in remuneration would be subject to board approval,” said Goenka.

    The companies have inked a non-binding term sheet that gives them 90 days to conduct mutual due diligence and come to an agreement that will also require shareholder approval. Post that the scheme will be presented to National Company Law Tribunal (NCLT) and Securities and Exchange Board of India (SEBI). Zeel noted that the Competition Commission of India (CCI) approval is also part of the process.

    According to Goenka, while CCI norms are different for different sectors, in this scenario, it will be a national-level evaluation and not a state-level evaluation. “The deal has been arrived at with Sony after months of negotiation and preparation. And I think we have a formidable real deal on the table today.”

    Sony has agreed to infuse $1.6 billion cash which will enable the merged entity to accelerate its digital platform and significantly invest in premium content including sports. Zeel had sold the Ten Sports franchise to Sony five years ago which will now become a part of the merged entity.

    On the matter of channel rationalisation, Goenka said that it will happen at a later date as each channel has its own unique viewership as well as programming. “The focus will be on maximising reach and viewership. Overlaps are there in Hindi-speaking markets of GEC and movies. But the content that exists on the platforms is unique and exclusive. So, the objective will be to maximise viewership and garner revenue rather than shutting down channels,” he added.

    The company has yet to reach out to shareholders like Invesco and LIC on the proposed transaction with Sony.

    In an annual general meeting (AGM) held on September 13, the largest shareholder of Zeel, Invesco Developing Markets Fund and OFI Global China Fund IIC, holding 18 per cent stake in the media company, called an extraordinary general meeting of the shareholders seeking to remove Punit Goenka, the sitting MD, and two more independent directors from the board of the company. The two independent directors Ashok Kurein and Manish Chokhani had submitted their resignations a day prior. The funds sought the appointment of their own six nominees on the board of Zeel.

    Zeel’s promoters had pared their stake in the company to four per cent to pay off debt worth Rs 13,000 crore.

  • ZEE Entertainment Board comes out in support of former directors Ashok Kurien & Manish Chokhani

    ZEE Entertainment Board comes out in support of former directors Ashok Kurien & Manish Chokhani

    Mumbai: The Board of Directors of ZEE Entertainment Enterprises Ltd (ZEEL) on Thursday came out in support of two of its former non-executive directors, Ashok Kurien and Manish Chokhani amid “allegations made by certain proxy advisory firms” against them.

    Both Kurien and Chokhani had submitted their resignations to the Board earlier this week. The decision came at a time when two of ZEEL’s top investors – Invesco Developing Markets Fund and OFI Global China Fund LLC – which together hold around 18 percent of the stake in the company, sent a special notice demanding the removal of Punit Goenka, Manish Chokhani, and Ashok Kurien as directors in an Extraordinary General Meeting (EGM). 

    In its media statement, the Board stated that it strongly condemns the allegations made against its former members, who had decided to step down from the Board due to their personal reasons and to pursue their interests beyond the confines of a boardroom. 

    “Speculations disparaging the contribution of the said non-executive directors of the Company are baseless and arise out of an inadequate understanding of the industry. Decisions taken by committee members and the Board of Directors of the Company are being wrongly attributed to individual directors without any basis,” stated the Board. “ZEE is immensely grateful to both Kurien and Chokhani for their contribution towards the Company. Their guidance to the leadership team has been valuable, enabling ZEE to touch newer heights and deliver greater value to all its stakeholders year on year.”

    The Board also highlighted that the interest of the shareholders has always been paramount for the Company under their mentorship, and it remains committed to maintain the highest standards of governance and transparency.

    ZEEL chairman R Gopalan said, “As someone who sowed the seeds of ZEE, Kurien played a key role in steering the Company to newer heights with his contribution arising out of deep understanding and knowledge of the Media Industry. His vast expertise of 35 years in the industry has been instrumental in building ZEE as a leading entertainment brand and a creative content company not only in India but across the globe. As one of India’s most respected financial experts and investors, Chokhani’s astute management skills coupled with his analytical abilities have been of tremendous value to the Board. Chokhani has always been steadfast in his support towards ZEE and has guided the leadership team to higher success by setting new standards of performance excellence.”

    The Board also lauded their contribution in the overall process of Board reconstitution, with the induction of eminent Independent directors. “The reconstituted Board will continue to ensure highest compliance practices and governance and set the benchmark for management accountability and transparency to further enhance the value of the Company” read the statement.

  • CNBC-TV18’s Shereen Bhan talks business before Budget 2014

    CNBC-TV18’s Shereen Bhan talks business before Budget 2014

    MUMBAI: She is the most familiar face of Indian business news channel, providing investors and corporate India with insights about the dynamics of Indian economy and financial markets.  

     

    CNBC-TV18 managing editor Shereen Bhan, who anchors and produces several shows such as Young Turks, India Business Hour and Power Turks, is neck deep in work with the rail budget already announced and one day to go for the much awaited maiden budget to be presented by the new Narendra Modi led BJP government at the helm.

     

    While most channels are looking at concentrating on one aspect, Bhan says that their perspective will be a 360 degree angle one. “The key question we will be asking is if the budget will be able to deliver. There will be a sharp focus on market reactions, the stance taken by other countries giving India a thumbs up and about investment in domestic capital. We will analyse the long term and short term ideas the government has as well as the reforms that will be taken up to revive the economy. We will also look at how the fiscal deficit can be improved by the new government. While the analysis will primarily be on the domestic economy, we will also look at the budget from a political angle and try to draw political reactions.”

     

    The guest line-up includes India’s corporate giants like HDFC Bank chairman Deepak Parekh, HSBC India country head Naina Lal Kidwai, Godrej chairman Adi Godrej, Kotak Mahindra vice chairman Uday Kotak, GVK vice chairman Sanjay Reddy, TPG Growth India chairman Manish Chokhani and Helios Capital founder and fund manager Samir Arora. Foreign investors and rating agencies will also give their take on the budget.

     

    To get a political perspective political parties like BJP, Congress, TMC, CPI (M) and leaders such as Jyotiraditya Scindia and Sitaram Yechury will be on air.

     

    Bhan, who will be on air right from morning 8 am till late night, will be tracking foreign direct investment in the news sector and reforms in the capital markets and infrastructure sector.