In a move that shocked the entire Indian television industry, Zee Telefilms Ltd (ZTL) issued marching orders to its programming head, Vishnu Patel, along with two general managers in charge of finance and legal affairs last week.

The three executives were asked to go with allegations of corruption hanging over their heads. Additionally, two senior executives, in charge of events and finance, handed in their resignations a couple of days before the sacking. A communiqu from the CEO Vijay Jindal informed ZTL employees that "we as a growing and evolving organisation need to protect our corporate fiber from such virus-like infections." The three sacked executives are alleged to have asked undue favours from producers wanting to get their series approved and telecast on Zee TV. They were part of the core team created by Jindal when he took up his position in the network a couple of years ago. Producers had for long complained of harassment by the program clearance committee, which consisted of the sacked executives. Investigations into these allegations were on for at least three to four months by the ZTL management.

Chairman Subhash Chandra had a closed door meeting with Jindal before the decision to jettison the employees was taken. Patel says the allegations are baseless, that he is innocent and he is being made a scapegoat.

In another development, the company is seeking to bring the Zee Network‘s international operations in the US, UK, South Africa, Mauritius, and Canada into its fold. The holding company of these operations is to be merged with ZTL if shareholders give their approval at the meeting on 26 March. The ZTL share continued on its new-high-seeking spree last week. It crossed Rs 1,000 to touch a peak of Rs 1,054 before falling back in the Rs 900 range over the weekend.

Latest Reads
Highly-beneficial interactions take place at Broadcast India '16

The 26th Broadcast India Show concluded over the weekend in Mumbai, and was easily the most exciting Broadcast India Show yet. With thousands of eager, high-quality trade visitors swarming the show floor, a sentiment signalling highly-beneficial exchanges and interactions echoed through the halls...

Technology Software Applications
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories