Business
Zee Entertainment shares rise over 3% ahead of FIFA World Cup, Rs 2,300-crore fundraising plans
In a stock exchange filing on Wednesday, Zee said its board cleared the fundraising proposal at a meeting held on June 10. The company did not disclose the method through which the capital would be raised.
“The Board of Directors has approved the raising of capital by the Company of minimum Rs 2,300 crore in one or more phases/tranches to fund the strategic and business initiatives,” Zee said, adding that the board would continue evaluating the various fundraising options available.
The stock will also be in focus as the FIFA World Cup 2026 kicks off today with Mexico hosting South Africa. The company secured exclusive media rights for FIFA events in India until 2034, resolving uncertainty surrounding the broadcast of the 2026 FIFA World Cup in one of the world’s largest football-viewing markets.
The agreement gives Zee rights to air 39 FIFA tournaments over the next eight years, including the FIFA World Cups scheduled for 2026 and 2030. The financial terms of the deal were not disclosed.
Alongside its core television business, Zee has been broadening its presence in emerging segments through investments in ventures such as micro-drama platform Bullet and visual effects studio PhantomFX. The company has also been building a dedicated sports broadcasting portfolio.
The fundraising announcement follows a challenging March quarter. Zee reported a loss for the quarter ended March 2026 as profitability was impacted by higher operating costs and weaker advertising demand, with spending affected by geopolitical tensions in the Middle East.Zee Entertainment Enterprises reported a consolidated net loss of Rs 104 crore for the January-March quarter of FY26, compared to a net profit of Rs 188 crore in the year-ago period. The media & entertainment company’s operating revenue declined 7% to Rs 2,025 crore in Q4 FY26 versus Rs 2,184 crore posted by the company in the corresponding quarter of the previous financial year.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) loss stood at Rs 269 crore versus Rs 285 crore in Q4 FY25 and Rs 240 crore in Q3 FY26. The adjusted EBITDA declined 51% YoY and 42% QoQ.
Zee shares are up 13% in 2026 and down about 22% in the last 1 year.
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Full Schedule and Start Times by Time Zone
The 2026 FIFA World Cup, the largest in the tournament’s history with 48 teams and 104 matches, officially begins on Thursday, June 11, when co-host Mexico faces South Africa at Estadio Azteca in Mexico City. The multi-nation event, hosted by Canada, Mexico and the United States, promises a month of global football action culminating in the final on July 19 at the New York New Jersey Stadium.
The opening match is scheduled for 3 p.m. local time in Mexico City (Central Daylight Time). This translates to convenient viewing windows for much of North America while requiring adjustments for international audiences across different time zones.
Opening Match Times by Major Zones
- Mexico City (CDT): 3:00 p.m. on June 11
- U.S. Eastern Time (EDT): 4:00 p.m. on June 11
- U.S. Central Time (CDT): 3:00 p.m. on June 11
- U.S. Mountain Time (MDT): 2:00 p.m. on June 11
- U.S. Pacific Time (PDT): 1:00 p.m. on June 11
- London (BST): 8:00 p.m. on June 11
- Sydney (AEST): 6:00 a.m. on June 12
- Tokyo (JST): 4:00 a.m. on June 12
- Dubai (GST): 11:00 p.m. on June 11
- São Paulo (BRT): 5:00 p.m. on June 11
A second Group A match follows later that evening: South Korea vs Czechia at 8 p.m. local time in Guadalajara (10 p.m. EDT / 7 p.m. PDT).
Full Early Schedule and Time Zone Adjustments
The tournament spreads matches across three host nations, creating a mix of prime-time viewing for North American audiences and challenging hours for fans in Europe, Asia and Australia. FIFA and broadcasters have scheduled many key fixtures to balance accessibility.
Friday, June 12 features two co-host openers:
- Canada vs Bosnia and Herzegovina at 3 p.m. EDT in Toronto
- United States vs Paraguay at 9 p.m. EDT (6 p.m. PDT) in Los Angeles
These times allow strong domestic audiences while international viewers adjust for time differences. European fans may face late-night or early-morning kickoffs for many matches, while Asian and Australian supporters often deal with overnight viewing.
Subsequent days maintain a steady rhythm of three to four matches, with kickoff times staggered to maximize global reach. The group stage runs through June 27, followed by the round of 32 from June 28 to July 3.
Why Time Zones Matter for Fans
The 2026 World Cup’s tri-nation format spreads venues from Vancouver on the Pacific coast to Miami in the east and Mexico City in the south. This geographic distribution creates natural time zone variety but also logistical challenges for traveling fans and broadcasters.
For U.S. viewers, most matches fall within reasonable hours, particularly on the East and Central coasts. Pacific Time audiences will see many afternoon and evening games. International broadcasters have adjusted schedules and provided extensive on-demand options to accommodate global audiences.
Fans in Europe should prepare for some matches starting as early as 2 p.m. or as late as 3 a.m. local time, depending on the venue. Asian viewers, particularly in East Asia, will often tune in during early morning or late night hours. Australian supporters face similar adjustments, with many key games airing in the early morning.
Digital tools, including FIFA’s official app and world clock converters, help fans plan viewing around their local time zones. Many networks offer delayed broadcasts or highlights packages for those unable to watch live.
Broadcast and Viewing Options
Major U.S. rights holders FOX and Telemundo will televise games, with streaming available on Peacock and other platforms. International broadcasters vary by region, often providing localized commentary and time-zone-adjusted schedules.
For viewers outside primary broadcast areas, official FIFA digital platforms and authorized streaming services offer legal viewing options. Fans are encouraged to use verified sources to avoid illegal streams and support the tournament’s commercial ecosystem.
Tournament Structure and Viewer Tips
The expanded 48-team format ensures more nations participate, increasing global interest and viewership projections. The group stage features 12 groups of four teams, with the top two from each group plus the eight best third-placed sides advancing to the round of 32.
To maximize enjoyment, fans should:
- Check local listings well in advance for exact broadcast times.
- Use world clock apps to convert kickoff times accurately.
- Plan around work or sleep schedules for inconvenient slots.
- Join official fan communities or watch parties for shared experiences.
The opening weekend sets an exciting tone, with co-host matches drawing massive domestic audiences. Subsequent weeks feature high-stakes group battles leading into the knockout stages.
Historical Significance and Global Reach
The 2026 edition marks the first World Cup hosted by three nations and the largest ever. It builds on the success of previous tournaments while introducing new logistical and viewing challenges due to the multi-venue, multi-time-zone setup.
Viewership is expected to break records, with billions tuning in across television, streaming and digital platforms. The tournament celebrates football’s global appeal while showcasing North America’s growing infrastructure and fan culture.
Practical Advice for International Audiences
European fans may benefit from afternoon and evening matches on certain days, while Asian viewers can use morning hours for live action. Australian supporters should consider setting alarms for early games or relying on highlights and replays.
Workplaces and schools in some regions may see reduced productivity during key matches, with many employers offering flexible viewing options or watch parties. Families can plan group viewing sessions around school holidays and convenient local times.
Looking Ahead to the Full Tournament
As the opening match approaches, excitement builds for what promises to be a landmark event. The schedule balances competitive integrity with global accessibility, ensuring fans worldwide can follow their teams despite time differences.
The 2026 World Cup represents a celebration of football’s unifying power across continents and cultures. With 48 teams and 104 matches spread over more than a month, there will be compelling action almost daily, offering something for every fan regardless of time zone.
Whether watching from Mexico City at 3 p.m. local time or Sydney at 6 a.m., the tournament delivers shared moments of drama, skill and national pride. As June 11 nears, global audiences prepare for the start of what could be one of the most memorable World Cups in history.
The multi-time-zone format, while complex, ultimately broadens access and engagement. Fans are encouraged to use official resources, plan ahead and embrace the unique viewing experience that comes with a tri-nation hosting model. The 2026 World Cup is set to captivate billions, proving once again that football truly transcends borders and clocks.
Business
35 Reasons I’m Still Short Nvidia (NASDAQ:NVDA)
Tipranks.com shows stock returns from my articles have averaged over 29% over a one year period. I was the Credit Manager for a mid-sized publicly traded bank and retired early in 2013 due to success in the stock market. Despite never working in the industry, I took and passed the CFA Level 1 exam. I am primarily an event driven swing trader with an average holding period of 45 days. I usually only write about stocks that are my best ideas, I have a position in, and plan to hold for 6-18 months.
Analyst’s Disclosure: I/we have a beneficial short position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
How family offices are investing in the final frontier beyond SpaceX
As seen from Canaveral National Seashore, a SpaceX Falcon 9 rocket carrying 60 Starlink satellites launches from pad 39A at the Kennedy Space Center on October 6, 2020 in Cape Canaveral, Florida. This is the 13th batch of satellites placed into orbit by SpaceX as part of a constellation designed to provide broadband internet service around the globe. (Photo by Paul Hennessy/NurPhoto via Getty Images)
Nurphoto | Nurphoto | Getty Images
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
The investment firms of billionaires including ex-eBay President Jeff Skoll and AutoZone’s Pitt Hyde are set to reap rewards from SpaceX’s IPO this Friday.
However, while SpaceX’s profile eclipses that of nearly every other private space company, family office investors told CNBC that they see other opportunities in the sector even for companies without Elon Musk‘s name attached. Moreover, they said they view space-related startups as opportunities to invest in infrastructure and defense rather than flashy bets on space exploration.
Gary Lauder, a cosmetics heir turned venture capitalist, has invested in SpaceX through a special purpose vehicle and two venture funds. He told CNBC he was attracted to the strength of its Starlink satellite technology, not the prospect of space tourism.
Much of Lauder’s early investing was in telecommunications, and he took a seminar in satellite communications in the early ’90s.
“I never dreamed of being an astronaut,” he said. “It’s just an important mode of communication.”
Jason Blanck, an investor who started his namesake family office in 2024, said he is interested in the picks and shovels of space, like mission-critical hardware and data networks.
“I think the public markets are focused heavily on debating rocket launch cadences, costs around flight development, but from my perspective and where I sit, managing permanent family capital, the real narrative has actually quite evolved,” he said.
Robin Lauber’s Infinitas Capital invested in SpaceX in early 2025 through a secondary offering. He cited Musk’s track record and the success of Starlink as reasons to put money in. Lauber also noted the valuation was “reasonable” compared with the more than $1.75 trillion expected now.
He told CNBC that Infinitas would have sold some shares before the initial public offering had it found a willing buyer at the right discounted valuation. Lauber is open to selling locked-up shares at a discount to recover the initial cost of investment and seeing how the other shares fare.
Looking forward, Lauber is weighing more investments in European space companies such as Isar Aerospace, a German launch service provider. He is also considering participating in a new fund by Alpine Space Ventures, which counts a SpaceX alum as a founding partner.
“European sovereignty is a huge topic everywhere,” he said.
Investing in space-related firms was unpopular not so long ago, according to Jon Kutler of Admiralty Partners. He spent 10 years in the U.S. Navy before becoming an investment banker specializing in aerospace and defense in the early 1980s. He left Wasserstein Perella & Co. in 1992 to start his own investment firm in order to focus more on the sector to the chagrin of his then-boss, Bruce Wasserstein.
“”He told me I was an idiot because the Cold War was over and there was going to be no more spending in the defense industry,” Kutler said. “People had extrapolated that to be the end of the defense industry, but if you look over the history of mankind, we’re just not a very peaceful species. To me, it seemed ludicrous to declare an end to defense spending, and I was willing to bet against that with my own capital and my own time.”
Kutler sold that investment firm in 2002 to focus on his family office, Admiralty Partners. His investments include Firefly Aerospace, a rocket maker with clients including Lockheed Martin and the U.S. Space Force.
Investing in aerospace firms pioneering new technologies requires patience, Kutler said. This is where family offices have an edge on traditional private equity firms since they aren’t under pressure to realize returns on a fixed timeline.
While the prospect of traveling to Mars is exciting, space exploration companies face a harder path to financial success because federal government spending is less consistent, he said.
“Defense spending is going to be a recurring theme, It will have ups and downs based upon administration priorities, but there’s always going to be an end market there,” he said.
Kutler said the enthusiasm around the SpaceX IPO belies considerable risks to investing in aerospace, such as swings in federal spending. He added that he is concerned federal cuts to research funding will endanger the pipeline of future startups.
“There is a temptation because of what’s going on right now to think that commercial space companies are the answer to everything,” Kutler said. “Perhaps over time the commercial industry may able to do it cheaper, but if you amortize everything out, it takes a long time for that to happen, and these early investments by the government were key to making these things happen.”
Business
Northern Global Tactical Asset Allocation Fund Q1 2026 Commentary
Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.
Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes.
As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.
Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Note: This account is not managed or monitored by Northern Trust Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Northern Trust Asset Management’s official channels.
Business
US military confirms attack on third Indian-crewed tanker off Gulf of Oman
“U.S. Central Command (CENTCOM) acted against Guinea-Bissau flagged M/T Jalveer as it attempted to transport oil from Iran through the Gulf of Oman. A U.S. aircraft fired two Hellfire missiles into the ship’s engine room after the crew repeatedly failed to comply with directions from U.S. forces,” U.S. Central Command said in a statement.
CENTCOM cliamed that forces have disabled nine non-compliant vessels, redirected 135 ships that complied, and allowed 42 vessels supporting humanitarian aid to pass since initiating the blockade on April 13.
Also read: MEA flags growing threat to shipping as MT Jalveer crew evacuation begins
India expresses concerns on continuing attacks on shipping
India’s Ministry of External Affairs (MEA) expressed concern over continuing attacks on shipping in West Asia, calling them “deeply worrisome”, as evacuation of Indian crew members from the vessel MT Jalveer commenced following a maritime security incident near Oman.
“There have been several incidents involving Indian seafarers in West Asia in the last few days. We attach high importance to the welfare and well-being of our seafarers’ community. We need not re-emphasise this point…The continuing incidents of attacks on shipping in the region are deeply worrisome and a direct result of the ongoing conflict in the region. These attacks must cease and end. We also call for dialogue and diplomacy so that we can have an early return to peace and stability in the region,” MEA spokesperson Randhir Jaiswal said.
Jaiswal’s comments comments came after the Guinea-Bissau-flagged bitumen tanker, MT Jalveer, was involved in a maritime security incident in the vicinity of Shinas port in Oman.
According to the Ministry of Ports, Shipping and Waterways, the vessel had 20 Indian seafarers on board and all of them are safe. No casualties or injuries have been reported so far.
Additional Secretary in the ministry, Mukesh Mangal, said evacuation of the crew to Shinas port had begun.
“On 11th June, a Guinea-Bissau-flagged vessel, a bitumen tanker MT Jalveer, was reportedly involved in a maritime security incident in the vicinity of Shinas port, Oman. The vessel has 20 Indian seafarers on board, and all of them are reported to be safe. No casualties or injuries have been reported. As per the latest information, the evacuation of crew members to Shinas port has commenced. Six more are to be evacuated. The Ministry is closely monitoring the situation and is in continuous coordination with the Ministry of External Affairs, Indian Missions abroad and the Indian Navy and other relevant stakeholders,” Mangal said.
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