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.

Jul 31, 2023 19:07

Sunil Shetty invests in Pro Panja League

MUMBAI: Suniel Shetty, the well-known actor, and entrepreneur, has recently acquired a minority stake in Pro Panja League, a professional arm-wrestling tournament launched by celebrity couple Parvin Dabas and Preeti Jhangiani through their company, Panja Sports.

Jul 28, 2023 19:07

DDCA, Delhi Capitals to invest in stadium upgradation: report

DELHI DISTRICT Cricket Association (DDCA) and IPL team Delhi Capitals (DC) have forged an unprecedented alliance to revamp and maintain the iconic Arun Jaitley Stadium, marking a groundbreaking step in Indian cricket history. The collaboration between a franchise and the stadium marks the first time a team will undertake the responsibility of maintaining its home venue beyond the IPL season.

Jul 27, 2023 19:07

Rs5.5bn base price for 2-yr ISL media rights

MUMBAI: Reliance controlled Football Sports Development Limited, which runs the Indian Super League, while inviting tenders for media rights for the first time since its inception, has set Rs 550 crore (Rs 5.5 billion) as the base price for two-year rights with an option to extend.

Jul 26, 2023 18:07

Kapil fronts 1st Callaway Golf fitting center in Bengaluru

Callaway Golf India Tuesday launched the country's first Golf Fitting Center at the Karnataka Golf Association (KGA) in Bengaluru. Indian cricket legend Kapil Dev inaugurated the facility at the KGA in the presence of Callaway Golf India country manager Prashant Singh.

Jul 21, 2023 19:07

Top investors urge PM to review gaming GST

MUMBAI: Top global and Indian investors who have asked Prime Minister Narendra Modi to reconsider India’s recently announced taxation on online gaming, saying the “onerous tax regime” will lead to a write-off of $2.5 billion and loss of 1 million direct and indirect jobs.

Jul 21, 2023 19:07

Tom Brady joins E1 as team owner

MUMBAI: Celebrated as one of the world’s most successful sports stars, Tom Brady, has bought a team in the all-new UIM E1 World Championship

Jul 18, 2023 19:07

49ers assumes full ownership of leeds United

LONDON: Leeds United Football Club has announced that the EFL has approved the sale of the Club to 49ers Enterprises, paving the way for the immediate transition of ownership.

Jul 18, 2023 19:07

TNT Sports goes live, replaces BT Sport

LONDON: TNT Sports is officially the new name of BT Sport, having launched in the UK and Republic of Ireland on July 18. The streaming home for TNT Sports in the UK is discovery+, where fans can enjoy a subscription that includes TNT Sports, Eurosport and entertainment in one destination.

Jul 14, 2023 15:07

Large investment for member nations through fund: ICC

DURBAN: Each member of the ICC will also receive substantial increases in funding, thanks to the implementation of a strategic investment fund dedicated to promoting global growth initiatives aligned with the ICC Global Growth Strategy. "The success of our media rights and commercial programme for our next four-year cycle means we are able to invest more money than ever before into our sport," Barclay said.

Jul 12, 2023 19:07

MCC panel proposes funds for Test, women's game

LONDON: Following the first meeting of 2023 in Dubai, in which it WAS concluded that the game was at a crossroads with intervention required, the MCC World Cricket Committee has now released specific recommendations for the International Cricket Council (ICC) to help ensure the long-term prosperity of the men’s and women’s international game.

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