Invesco reiterates demand to oust Punit Goenka from Zee Leisure

Invesco Fund, which owns 18 per cent of Zee Leisure Enterprises, has reiterated its demand to oust Punit Goenka, present CEO and MD, from the board and induct its six nominees on Zee board.

In a letter to the ZEEL board, Invesco mentioned the newly constituted board supported with the energy of independence can be finest suited to guage and oversee potential for strategic transactions just like the one introduced on September 22 with Sony, in addition to to make determinations on the long run management of the corporate.

When contacted, a ZEEL spokesperson mentioned: “The Board is seized of the matter. The Firm will take the mandatory motion as per relevant legislation.”

Invesco & Oppenheimer mentioned disclosure of September 22 2021 by Zee Leisure with respect to the Sony deal, is symptomatic of the erratic method, during which essential and critical selections have been dealt with on the firm, Invesco mentioned, as per TV reviews.

In its letter, Invesco mentioned it’s an investor in ZEEL for over 10 years and continues to imagine that the enterprise is efficacious, whether or not by itself or in strategic alignment with companions

Read More

Dunmore Teenagers Arrested For Planning Excessive College Capturing

4 teenagers in Pennsylvania are going through legal costs after police found they deliberate on finishing up an assault on the twenty fifth anniversary of the Columbine Excessive College bloodbath in Colorado.

The kids deliberate a college taking pictures on April 20, 2024. A boy and a lady, each 15, have been charged as adults, whereas the opposite two teenagers have been charged as juveniles.

The kids reportedly deliberate to assault Dunmore Excessive College by utilizing weapons and bombs. The 4 referred to the alleged plot as “Pure Born Killers” and mentioned plans to “shoot up the college” in a gaggle chat.

Amid their plot, the kids additionally name “dibs” on sure victims. Amongst them was Principal Timothy Hopkin, who was not sure why they might need to damage him. “It’s slightly bit disturbing to seek out out one thing like that was being plotted,” he stated.

The 2 teenagers charged as adults had been arraigned Sept. 16 on aggravated assault,  possession of explosive materials costs, weapons of mass destruction, legal conspiracy, and terroristic risk.

The feminine additionally faces costs of risking disaster as a result of risk of the explosive units doubtlessly harming neighbors and members of the family.

Read More

CBIC extends re-export timeline for imported containers by 3 months

To deal with the issue of scarcity of containers for exports, the tax division has determined to present three extra months for the re-export of imported vessels mendacity at home ports, in line with an official round.

At present, duty-free imports of containers are allowed with the situation of re-export within the subsequent six months. Nevertheless, maintaining containers past six months is taken into account as deemed import and thus import obligation is levied, a coverage aimed toward making certain quicker turnaround of containers.

To keep away from such import duties, transport strains export empty containers to evade obligation fee on containers that are mendacity empty. Nevertheless, such practices are aggravating the issue of scarcity of containers for exports.

The Central Board of Oblique Taxes and Customs (CBIC) on Saturday requested its discipline officers to present three months extra time for the re-export of imported containers mendacity at home ports.

As a brief measure to enhance containers availability for export of containerised cargo and to advertise export of laden marine containers, the CBIC has issued a steering to its discipline places of work to

Read More