The Securities and Exchange Board of India (Sebi) is exerting pressure on Goldman Sachs to reveal the name of the entity which had acquired Zee Telefilms shares through a private placement.
Zee had allotted 80 lakh equity shares of Re 1 each at a premium of Rs 999 to Goldman Sachs Investment Mauritius on a preferential basis in 2000. Sebi had asked Goldman Sachs for information regarding the client on whose behalf the transaction was done.
According to Sebi, it is trying various methods to get the information on the deal from Goldman Sachs.
Inability of Indian regulators to extract information from Mauritius-based entities is posing a major block to the investigation process in tying up some major links in the March 2001 market crisis.
Our typical marketing budget is usually 10 per cent of the topline spend
There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=http://www.exchange4media.com/company/news/amaz...
The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.
<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...
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