Investments

MUMBAI: Google will invest Rs 33,737 crore (Rs 337.37 billion, $4.5 billion) in Jio Platforms, Reliance Industries chair and managing director Mukesh Ambani announced on Wednesday during the company’s online Annual General Meeting. 

This investment by Google values Jio Platforms at an equity value of Rs 436,000 crore. Google’s investment will translate into a 7.73% equity stake in Jio Platforms on a fully diluted basis. 

Jul 14, 2020 20:07
MUMBAI: After months of making one far-fetched claim after another, the time of reckoning is at hand for the men who matter at East Bengal FC. The Red & Gold Brigade will have to officially declare their change of ownership as the All India Football Federation (AIFF) on Tuesday sent out the club licensing agreements to all Indian Super League (ISL) and I-League clubs as part of the AFC protocols.
Jul 10, 2020 22:07
MUMBAI: New-age digital entertainment and technology company JetSynthesys has raised Rs 3 billion from existing stakeholders Infosys’ co-founder Kris Gopalakrishnan, Adar Poonawalla's family office and Navani family-owned Jetline Group, among others.  Thermax family office, Triveni Group and DSP Group have also invested in this round.
Jun 30, 2020 18:06
ENGLEWOOD, Colo.: Liberty Media Corporation Monday announced an amendment to the term loan and revolving credit facility of certain subsidiaries of Delta Topco Limited, the Liberty subsidiary that holds all of its interests in Formula 1.
Jun 29, 2020 20:06
KOLKATA: Life after the exit of Quess Corp is proving not quite so simple for Kolkata football giants East Bengal FC, which has to inform about the club's status and change of ownership structure to the All India Football Federation (AIFF) by the middle of July and subsequently clear AFC's club licensing criteria.
Jun 22, 2020 20:06
TOKYO: Japan based global advertising giant Dentsu Group Inc Monday announed a strategic partnership with the newly established Global Esports Federation, "to promote the global development of the growing esports business".
Jun 16, 2020 20:06
BENGALURU: Yoga-based wellness startup Sarva has raised an undisclosed amount from cricketer Shikhar Dhawan. 
Jun 16, 2020 17:06
MADRID: Dorna Sports has announced an extension to its partnership with energy drink major Red Bull.  The agreement will see Red Bull title sponsor both the 2020 Gran Premio de España and 2020 Gran Premio de Andalucía, which are set to take place at the Circuito de Jerez-Angel Nieto from the 17th to the 19th of July and the 24th to the 26th of July, respectively.
Jun 15, 2020 17:06
SINGAPORE: Leading Asian mixed martial arts promotion ONE Championship (ONE), Monday announced that it had secured $70 million in fresh funding, bringing total capital to $346 million.  ONE has also "streamlined" operations, including a 20% reduction of total worldwide headcount. ONE reportedly has 380 odd employees on its payrolls currently.  
Jun 12, 2020 16:06
MUMBAI: Mobile gaming company Nazara Technologies has made an additional investment in fantasy sports startup Halaplay Technologies Pvt Ltd through an equity swap of stocks from Kae Capital worth Rs 146 million. The fresh funding makes the Mumbai-headquartered firm a majority stakeholder in Bengaluru-based Halaplay.
Jun 09, 2020 20:06
MUMBAI: The new club formed from the merger of Indian Super League champions ATK and I-League champions Mohun Bagan, which will take part in the ISL from next season, will be known as ATK Mohun Bagan.