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 28, 2021 18:07

RR elevates COO Jake Lush McCrum to chief executive

MUMBAI: Rajasthan Royals has elevated Jake Lush McCrum, the Indian Premier League franchise's chief operating officer, to the position of chief executive officer effective July 1.

Jul 26, 2021 20:07

Madison Media acquires digital agency Crow’s Nest

MUMBAI: Madison Media has announced the acquisition of Kolkata-based full service digital agency Crow’s Nest. Crow’s Nest was founded 14 years ago by Samrat Mukherjee. Under the arrangement, Crow’s Nest will fully integrate with Madison Digital and operate as Madison Digital Kolkata with Mukherjee reporting to Vishal Chinchankar, chief executive officer, Madison Digital.

Jul 23, 2021 19:07

Jaguar Land Rover confirms long-term commitment to Formula E

GAYDON, United Kingdom: Jaguar Land Rover has officially confirmed Jaguar Racing’s long-term future to the Gen3 era of the ABB FIA Formula E World Championship – set to commence in the 2022/23 season.

Jul 22, 2021 18:07

Ire against East Bengal club officials to fore as fans clash

THE ANGER THAT HAS STEADILY BEEN BUILDING UP against the legacy officials of SC East Bengal over their refusal to sign the final agreement that would officially transfer operational and executive power to the 100-year-old club's investor Shree Cement unravelled into open confrontation on Wednesday.

Jul 21, 2021 16:07

Fitness app HealthifyMe raises $75m, to tap N America market

MUMBAI: Leading AI health and fitness app HealthifyMe on Tuesday announced it has raised $75 million (nearly Rs 5.6 billion) in a Series C round led by LeapFrog and Khosla Ventures.

Jul 21, 2021 16:07

Netflix set to expand into gaming arena with mobile video games

MUMBAI: Netflix Inc has confirmed plans to expand beyond its core proposition as a movie and TV streaming service into video gaming. In a letter to investors, the streaming video pioneer formally announced that they were going to expand into gaming, with mobile games as their first port of entry.

Jul 16, 2021 19:07

City Football Group raises $650m debt funding: Report

MUMBAI: Abu Dhabi-owned City Football Group, which owns and operates reigning English Premier League champions Manchester City, has reportedly raised $650 million to fund infrastructure projects. The debt deal will seek to boost investment in its international network of football clubs, UK's Financial Times reports.

Jul 14, 2021 20:07

Shriram Capital is the lead partner for TNPL 2021

Shriram Capital is the lead partner for TNPL 2021 CHENNAI: Financial conglomerate Shriram Capital Limited, Wednesday announced that the company will be the Official Partner for the Tamil Nadu Premier League (TNPL) 2021.

Jul 14, 2021 20:07

Alfa Romeo agree multi-year extension with Sauber to remain in Formula 1

Alfa Romeo agree extension with Sauber to remain in F1

LONDON: The iconic name of Alfa Romeo will remain in Formula 1 beyond this season, after the famous Italian marque announced a multi-year agreement with Sauber which will have “yearly assessments”…

Jul 08, 2021 19:07

Endeavor China acquires Mailman Group sports agency

BEIJING: Endeavor China, subsidiary of a global entertainment, sports and content company Endeavor, Thursday announced the acquisition of Mailman Group. The move signals the company’s continued commitment to servicing clients in China, Asia-Pacific, and beyond looking to excel in the world of sports marketing.

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