Investments

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team

May 17, 2024 11:05

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The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Jun 21, 2023 19:06

ITW UXP, Club Vistara partner for sports tourism biz

NEW DELHI: ITW UXP, the sports travel and experiential vertical of ITW Consulting, has announced a tie-up with Club Vistara, the loyalty program for Vistara.

Jun 14, 2023 21:06

Five teams submit bids to AIFF for direct Hero I-League entry

NEW DELHI: The All India Football Federation (AIFF) on Tuesday announced it had received five proposals for direct entry in the upcoming Hero I-League 2023-24 season, while adding that the Indian Women's League (IWL) will be an eight-team affair in the coming edition. The AIFF League Committee, chaired by Lalnghinglova Hmar, which met via video conferencing on Tuesday, made the announcements.

Jun 14, 2023 20:06

Zee-Sony merger likely to face more delay on Sebi allegations

MUMBAI: Zee Entertainment Enterprises Ltd.'s planned merger with a subsidiary of Sony Group Corp. may face further delay, industry analysts said, after the Securities and Exchange Board Of India (SEBI) said the Mumbai-based media house faked the recovery of loans to cover for private financing deals by its founder Subhash Chandra.

Jun 09, 2023 20:06

Serena, Venus are team owners in new golf league

LOS ANGELES: TGL, the new primetime team golf league developed by Tiger Woods and Rory McIlroy’s TMRW Sports in partnership with the PGA TOUR, has announced the formation of its first of six team ownership groups with Seven Seven Six’s (776) founder Alexis Ohanian, Serena Williams, and Venus Williams.

Jun 09, 2023 19:06

JetSynthesys buys Ratnagiri Jets in MPL 23

MUMBAI: Digital entertainment and technology company, JetSynthesys, has acquired the franchise rights of the Ratnagiri Jets franchisein the fourth edition of the Maharashtra Premier League (MPL) 2023. JetSynthesys won the bid of the team for Rs 83 million. marking its entry into the realm of sports ownership, a media release said.

Jun 08, 2023 19:06

Qatar final bid for ManU; Friday deadline

QATAR'A Sheikh Jassim bin Hamad al-Thani has submitted a bid in the region of $7.4 million to buy Manchester United, a media report said. According to The Daily Mail, the Qatari investors have submitted a fifth and final offer for the club and given a deadline of this Friday to accept the offer.

Jun 07, 2023 15:06

Golf’s civil war ends as PGA, DP World strike divisive deal with LIV

MONEY TALKS! AND HOW! The world of golf, fragmented since May last year following the launch of LIV Golf - bankrolled by Saudi Arabia's Public Investment Fund (PIF) - declared a truce Tuesday that left the golfing world at large shell-shocked.

Jun 06, 2023 19:06

Dhawan is investor and ambassador for TagZ Foods

NEW DELHI: Indian cricketer Shikhar Dhawan has invested an undisclosed amount of funding in omnichannel snack brand TagZ Foods. As part of the deal, the startup has also roped in Dhawan as its brand ambassador.

Jun 05, 2023 17:06

KL Rahul invests in Sequoia-backed Hyugalife

MUMBAI: Hyugalife, a health and wellness brand, has roped in Indian cricketer KL Rahul as investor and ambassador.

Jun 05, 2023 17:06

Global Chess League reveals 6 teams for inaugural edition

THE GLOBAL CHESS LEAGUE (GCL), a joint venture between Tech Mahindra and FIDE, today unveiled the six participating franchises for its first edition. The league will commence with a players' draft where franchise owners will select players for their respective teams, a media release said.

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