Discussions on about Nayak's exit terms

MUMBAI / NEW DELHI: Star India and its executive vice-president sales and marketing, LS 'Raj' Nayak, are still grappling with the issue of making the latter's exit from the company as amicable as possible. The next 48 hours will decide whether any of the parties concerned will knock on the doors of the court or not.

Industry sources told that several rounds of talks have been held between Nayak and the top honchos of Star India (read chief executive Peter Mukerjea). A few more rounds are scheduled over the next two days to hammer out a solution.

But one thing seems certain: after having spent over nine years in Star's Indian operations, Nayak wants to test the waters solo.

When contacted today, a spokesperson for Star India said: "We have no comment to offer. It is something between an employee and the employer and is a private affair."

Still, industry sources said L'affair Nayak may be tricky and has the potential of throwing up many twists and turns before coming to an end, a la one of the Star Plus soaps that Nayak has been aggressively selling to advertisers.

The grey areas emerge from the fact that Nayak, as other senior executives of Star India, including Mukerjea, had signed a three-year contract with Star early last year. Nayak's imminent departure from Star now, almost 18 months before the contract comes to an end, may have legal implications.

A legal expert in Delhi, being posed this question, said even though she is not aware of the details of the contract, but on the face of it, the employer (that is Star India) can take legal recourse if the employee (Nayak) is adamant on leaving the company much before the contract signed between them expires.

The flip side, the legal expert pointed out, is that it is highly unlikely to assume that a contract will not have exit clauses for the employee too. This means that it is unusual for a contract to be signed, which possibly states that an employer can fire an employee, but the latter cannot quit the company before the expiry of the contract period, the expert explained.

It is probably this scenario that both Star and Nayak are trying to avoid. What does the contract, signed between Nayak and Star, state is not known to And nobody is holding forth on the details either.

Latest Reads
Comedy Central sets pace for ultimate celebration with over 100 hours of non-stop FRIENDS ultra marathon for its 6th birthday

Birthdays and New Years are great occasions to make resolutions for participating in marathons. However, this is one marathon which calls for hanging up your running shoes and grabbing the best spot in front of the telly with a bowl of munchies to keep you going because, for the first time ever in...

Television TV Channels English Entertainment
U Sports launches India's first ever Multi-Platform Multi-Game E-Sports Championship - U Cypher with MTV

The Indian E-Sports scenario is all set for a major revamp as U Sports, one of India’s biggest sports business companies in association with India’s No. 1 Youth Brand, MTV, announces the premiere of their all new month-long championship, U Cypher with MTV. Premiering today, on 19th January, the...

Television TV Channels Sports
TV ownership increased by 14% in 2017: IRS

After a gap of four years, the Indian Readership Survey (IRS), which documents the growth of the media industry, has been released for 2017. The survey methodology was criticised in 2014 and, therefore, was halted for an upgrade. This time, the sample size has been increased by 34 per cent to 3.2...

Television TV Channels Viewership
CNN-News18 launches 'If I Were FM Challenge'

As part of its Budget programming, CNN-News18 is launching the ‘If I were FM Challenge’. The campaign will encourage viewers to contribute their suggestions for the Union Budget. The channel will run an extensive on-air campaign to promote the same.

Television TV Channels News Broadcasting
BBC World News to Broadcast 'China's Chat Girls'

Lele Tao is an internet superstar in China’s $3 billion dollar ‘live streaming’ industry. With more than a million fans she can earn thousands of dollars a day singing, dancing, flirting, or often just chatting into her webcam. Fans buy her virtual gifts which she redeems for cash. In return she...

Television TV Channels News Broadcasting
PKL season 6 and 7 dates announced

The second most watched domestic league in India, Vivo Pro Kabaddi League owned by Mashal Sports and Star India announced the dates of sixth and seventh season.

Television TV Channels Sports
Star Bharat leads Hindi GEC (U+R) in week 2 of BARC ratings

MUMBAI: Star Bharat emerged as the leader in the Hindi GEC (U+R) genre dethroning Zee Anmol according to Broadcast Audience Research Council (BARC) all India data for week 2 of 2018.

Television TV Channels Viewership
BARC week 2: Aaj Tak leads Hindi News in all three markets

MUMBAI: Republic TV continues its leading streak in the second week of the year as well in BARC All India ratings. News Nation stays in the top five chart in week 2 of 2018 in Hindi News Rural market. Aaj Tak tops the chart again in Hindi News Urban market.

Television TV Channels Viewership
Dsport acquires India rights of tri-nation tournament in SL

Discovery’s sports channel Dsport has acquired the exclusive India broadcast rights of Nidahas Trophy 2018, a tri-nation international T20 tournament involving India, Sri Lanka and Bangladesh. The transaction was facilitated by Lagardère Sports, the global marketing consultant of Sri Lanka Cricket...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories