Zee Entertainment slips 2% after ex-directors raise concerns

Shares of broadcaster Zee EntertainmentNSE -1.22 % (ZEEL) slipped in the morning trade on Thursday after two former directors of the firm raised concerns over several issues, including Rs 2,200 crore film advance given in 2018-19. According to a BSE filing by ZEEL, the two directors—Subodh Kumar and Neharika Vohra—- flagged the issue of “film advances given in 2018-19 to the tune of Rs 2,200 crore”, to which the company responded by saying the information has already been disclosed in its annual report and clarified in various investor interactions. Kumar and Vohra…

Read More

Rigopiano Hotel avalanche: Puppies raise rescuers’ hopes in Italy

Three puppies have been rescued alive from the ruins of a mountain hotel in Abruzzo, central Italy, which was engulfed by an avalanche five days ago. The number of confirmed deaths has risen to seven, with 22 people still missing, but there are hopes people may have survived in air pockets. Nine people were brought out alive while two were found outside the hotel. Rescuers using shovels and saws are considering whether to start using heavy equipment on the buried ruins. Details have emerged of the situation at the hotel…

Read More