New Delhi: Enforcement Directorate (ED) has summoned former telecom minister Dayanidhi Maran on March 20 in the Aircel-Maxis deal. Sources said that Maran's statement will recorded on March 20 and he will be asked to furnish details of source of funding of Maxis deal and his role in facilitating deal. Last week, statement of a Sun TV official was recorded. He has been asked to revert with details of bank...
05:04 PM, Mar 15, 2012
Chennai: Adding impetus to the demands of the Tamil Nadu Film Exhibitors Association, Reliance Entertainment has threatened to terminate the satellite rights agreement with Sun TV Network for the film 'Osthe', if the latter did not pay up the dues it owes theatres or get a no objection certificate from theatres. This announcement comes following a decision by theatre owners in early November to boycott films produced, distributed or even...
05:03 PM, Dec 05, 2011
Mumbai: Shares of broadcasting firm Sun TV Network surged by nearly 7 per cent in morning trade on the bourses on Friday after the company reported an 8 per cent rise in consolidated net profit for the September quarter. In the last two days, the stock has gained over 12 per cent. Sun TV was on an uptrend on Friday ahead of its second quarter results and today, the market...
12:10 PM, Nov 04, 2011
Mumbai: Maran family-owned broadcasting firm Sun TV on Monday bounced back from its sharp intraday lows and settled with gains of over 10 per cent from its last close, adding Rs 1,052 crore to its market valuation. Shares of Sun TV settled at Rs 288.15, higher by 10.21 per cent on the BSE, thereby, adding Rs 1,052 crore from its market capitalisation, which stood at Rs 11,355 crore at close...
07:34 PM, Oct 10, 2011
Mumbai: Maran family-owned broadcasting firm Sun TV tumbled by as much as 16 per cent in early trade on the bourses on Monday after CBI conducted raids on the premises of owner Kalanithi Maran and his brother, former Telecom Minister Dayanidhi Maran. CBI conducted raids on the premises of the Maran brothers in Delhi and Chennai after registering a case against the former Telecom Minister in connection with the controversial...
10:27 AM, Oct 10, 2011
Mumbai: The shares of media major Sun TV, promoted by Kalanithi Maran, tumbled in Thursday's trade a day after the CBI told the Supreme Court that it would take a decision on bringing formal charges against his younger brother, Dayanidhi. The younger Maran, who was the communications minister from May 23, 2004 to May 15, 2007, is alleged to have arm twisted former Aircel promoter Sivasankaran into selling his stake...
01:13 PM, Sep 29, 2011
New Delhi: Nearly four years after getting complaints, the CBI will start a formal probe into allegations that over 300 telephone lines were allotted to the residence of Dayanidhi Maran in Chennai and illegally linked with a television channel owned by his brother. These 323 residential lines were in the name of BSNL General Manager connecting the Boat House residence of Maran with office of Sun TV through a dedicated...
06:39 PM, Sep 26, 2011
Mumbai: Maran family-owned broadcasting firm Sun TV tumbled by as much as 8 per cent in early trade on the bourses on Thursday after reports that the CBI is likely to question former Telecom Minister Dayanidhi Maran in connection with the 2G spectrum case. The stock opened at Rs 330, then declined further to a low of Rs 307.05, down 7.80 per cent vis-a-vis its previous close on the BSE....
12:14 PM, Jul 07, 2011
New Delhi: Former Telecom Minister Dayanidhi Maran's ex-secretary Nripendra Mishra has told the Central Bureau of Investigation (CBI) that Maran targeted Aircel to benefit his brother's company. CNN-IBN accessed statements made by former Telecom Secy Nripendra Mishra to the CBI. Mishra is a key witness for the CBI in its investigations in the Aircel-Maxis deal. Mishra has told CBI that Maran had indeed stalled granting of licences to Aircel owner...
01:12 PM, Jul 06, 2011
New Delhi: The Janata Dal (United) on Friday demanded the immediate removal of Textile Minister Dayanidhi Maran who is under the scanner in the 2G spectrum case. "The dirty deal in the 2G case is crystal clear. But he (Maran) is still continuing in the ministry. The Prime Minister should not waste any time in removing him from the government," JD (U) president Sharad Yadav alleged before reporters in New...
06:28 PM, Jun 11, 2011
Mumbai: Extending its gains on the bourses, shares of Sun TV Network, jumped by nearly 8 per cent on the National Stock Exchange (NSE) on Monday, after the company denied any involvement in the 2G scam. Media conglomerate Sun TV settled 7.20 per cent higher at Rs 303.85 on the Bombay Stock Exchange (BSE). In intra-day, the stock spurted by 7.93 per cent to touch a high of Rs 305.95....
05:13 PM, Jun 06, 2011
New Delhi: The government is understood to have left it to the CBI and JPC to look into the alleged irregularities in the grant of licences to Aircel, which is owned by Maxis Telecom of Malaysia, and the involvement of former Telecom Minister Dayanidhi Maran in it. Maran, who is now Textiles Minister from DMK, is facing allegations of bending rules for granting 14 licences to Dishnet Wireless (now Aircel)...
11:53 PM, Jun 03, 2011
New Delhi: Union Textile minister Dayanidhi Maran on Friday hit back at the Opposition over the allegations that he set up a BSNL exchange for his SUN TV Network's use. Angry over the allegations, DMK chief Karunanidhi, on his 88th birthday, said, "Bad friendship could end in trouble". It could be a veiled warning to the Congress this after indications that his nephew too could be in trouble after a...
04:35 PM, Jun 03, 2011
New Delhi: Union Textile minister Dayanidhi Maran on Friday hit back at the Opposition over the allegations that he set up a BSNL exchange for his SUN TV Network's use. Angry over the allegations, DMK chief Karunanidhi, on his 88th birthday, said, "Bad friendship could end in trouble". It could be a veiled warning to the Congress this after indications that his nephew too could be in trouble after a...
04:35 PM, Jun 03, 2011
Mumbai: Broadcasting firm Sun TV on Friday denied any involvement in the 2G scam and said allegations were being levelled to harm the reputation of the company and its promoters. There has been a steep fall in the prices of the company's shares possibly triggered by baseless allegations and rumours linking the company with certain happenings relating to the 2G scam. "We wish to inform that Sun TV Network and...
01:50 PM, Jun 03, 2011
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
