The Enforcement Directorate has registered a money laundering case against former Union minister Dayanidhi Maran and his brother Kalanithi, in connection with the 2G spectrum allocation case.
The large multi-year deals worth $6.5 billion signed between FY08 and FY11 are likely to provide HCLT a steady revenue run rate over the next three years.
Sun TV Network has rallied 7% to Rs 292, extending the previous day’s gain of 5%, after the board of directors declared an interim dividend of Rs 3.75 a share (75%) on the face value of Rs 5 per share.
Sun TV Network has plunged almost 10% to Rs 235 in opening deals on reports that the Central Bureau of Investigation (CBI) filed an FIR against former telecom minister Dayanidhi Maran, his brother Kalanidhi Maran and two others in connection with the
Sun TV Network has dipped almost 8% to Rs 254, extending its Tuesday’s 3% fall, on reports that the Central Bureau of Investigation (CBI) might file an FIR against the Maran brothers – Dayanidhi and Kalanithi – in the Aircel– Maxis
Sun TV Network is planning to launch five more channels this fiscal. The Kalanithi Maran-run network is also planning to invest Rs 150-160 crore on acquiring movie content.
The company had posted a net profit of Rs 170.95 crore in the same period last year, Sun TV Network said in a filing to the Bombay Stock Exchange (BSE).
Sun TV Network Ltd said in a filing to the BSE that chief operating officer K Vijay Kumar has been elevated to the post of CEO with effect from July 12, 2011. Kumar has been with Sun TV since 1993. In March, he has been eleva-ted as the COO from the
Shares of Sun TV Network slumped more than 7% in early trade on television reports of founder Kalanithi Maran being summoned by the Chennai police in relation with a distribution deal by unit Sun Pictures.
Sun TV Network has dipped 4% at Rs 321 on reports that Tamil Nadu Chief Minister J. Jayalalithaa will thoroughly examine an unauthorised fibre cable network from union Minister Dayanidhi Maran's house in Chennai to the Sun TV office.
While valuations of Sun TV and SpiceJet have turned attractive after the recent fall, experts say negative news flow will keep the two stocks under pressure.
Sun TV Network has plunged almost 30% at Rs 265 on reports that the Central Bureau of Investigation (CBI) is expected to question Dayanidhi Maran in respect to issuance of license to Aircel and his alleged role in the 2G spectrum scam.
A Public Interest Litigation (PIL) has been filed today agianst Union Textile Minister Dayanidhi Maran on the grounds of being a Beneficiary in the 2G Spectrum allocation scam.
Dismissing allegations that his family-owned Sun TV Network received payoffs from an overseas firm, Textiles Minister Dayanidhi Maran today said he had not favoured any particular company in granting UASL licence when he was Telecom Minister.