Investments

NCLT admits Viacom18-Disney Star merger scheme

Last updated : May 20, 2024 13:05
SportzPower Team
May 17, 2024 11:05

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.

Oct 31, 2018 14:10
Spurs extend Nike deal till 2033 for $573m: Report
LONDON: Premier League’s Tottenham Hotspur have announced that it has renewed its ongoing kit sponsorship deal with Nike until 2033, marking it as one of the longest ever deals the global apparel giant will have with a football club. According to UK newspaper The Sun, the mega deal is said to be worth $38.2 million (£30 million) per year, which adds up to $573 million (£450 million) in total.
Oct 30, 2018 12:10
leAD confirms India visit in Feb 2019 for sports investment opportunities
MUMBAI: leAD Sports, the sports entrepreneurship platform backed by the adidas’ Adi Dassler Family Office (ADFO), is looking to build a strong connect with Indian sports start-ups through ADvantage, its $70-million Series A sports tech fund, Economic Times reports.
Oct 27, 2018 14:10
Rich Energy gets over failed Force India bid with Haas F1 title sponsorship
MEXICO CITY: Rich Energy, the premium British energy drink brand, has been named as the title partner of the American Formula 1 team, Haas F1 in multi-year agreement beginning with the 2019 season. The partnership will result in a significant livery change to incorporate the colours of Rich Energy, while the team name will become Rich Energy Haas F1 Team.
Oct 22, 2018 16:10
Zee Maharashtra Kusti Dangal logo
Zee Maharashtra Kusti Dangal unveils team owners, players
MUMBAI: After a low key entry into the sports arena in 2017, Zee Talkies, the Marathi movie channel from Indian media conglomerate Zee Entertainment Enterprises, has made a far bigger splash with the second edition of its franchise based wrestling property — Zee Maharashtra Kusti Dangal. 
Oct 16, 2018 17:10
Manchester United FC Logo
ManUnited rubbish claims of imminent Saudi takeover
MUMBAI: Premier League giants Manchester United have dismissed reports linking the club with a potential takeover from Saudi Arabia. Shares in the club surged by over 5% Monday following a report published by UK's The Sun tabloid that crown prince Mohammed bin Salman and de facto ruler of the autocratic state was considering a bid of around £3 billion for the club.
Oct 16, 2018 13:10
UEFA to up funding for women’s football 50% by 2020
ZURICH: Days after FIFA formed its first ever global strategy for women’s football, UEFA has announced that it will be increasing its subsidy from 100,000 euros ($115,850) to 150,000 euros ($174,000) by 2020 to all its 55 member nations as part of its Women's Football Development Programme (WFDP).
Oct 15, 2018 12:10
Nagaland to formulate sports policy highlighting infrastructure
DIMAPUR: Nagaland chief minister Neiphiu Rio on Saturday said that the state government will come out with a sports policy wherein various sporting disciplines suitable to the state youth will be identified and promoted, IANS reports.
Oct 13, 2018 15:10
RummyCircle pegs Rs40m cash prize for flagship Diwali competition
MUMBAI: Indian online rummy platform RummyCircle.com, an initiative of Play Games24x7 Pvt. Ltd., will be back with its 10th Annual Diwali Rummy Tournament (DRT). The total prize pool for 2018 is Rs. 40 million, an all-time record for the industry. The winner is expected to receive Rs. 10 million, while the runner-up is set to get Rs. 3 million.
Oct 11, 2018 12:10
Centre to provide Rs3bn subsidy for National Games 2022
SHILLONG: The government of Meghalaya is all set to receive a bumper grant of Rs 3 billion from the Union Ministry of Social Justice and Empowerment for the construction of new stadiums keeping the 2022 National Games in mind, IANS reports.
Oct 10, 2018 16:10
W Series
‘W Series’ launched; aims for women drivers to challenge in F1
LONDON: A new all-women racing series, backed by former Grand Prix driver David Coulthard and Red Bull's technical head Adrian Newey, was launched here Wednesday with the stated aim to provide a route for women racers to ultimately compete in Formula One.
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