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.

Aug 22, 2023 17:08

UTT 7-team league with Jaipur Patriots franchise addition

MUMBAI: Ultimate Table Tennis has announced Jaipur Patriots, owned by World of Krida Pvt Ltd, as the seventh franchise and the latest addition to the league’s franchise roster.

Aug 22, 2023 17:08

Bodhi Tree Systems ups stake in Viacom18: Report

James Murdoch and former Star and Disney India head Uday Shankar backed Bodhi Tree Systems has reportedly increased its stakeholding in Viacom18 by an additional 2.89%. The stake purchase, worth Rs 953.23 crore as per a report by The Economic Times, has raised Bodhi Tree Systems' current holding in Viacom18 to 15.97%.

Aug 17, 2023 19:08

India's 1st night street racing circuit launched in Chennai

CHENNAI: In a first, the Tamil Nadu government on Wednesday launched the Chennai Formula Racing Circuit that will host India’s first-night street circuit races – Formula 4 Indian Championship and the Indian Racing League – on December 9-10 later this year.

Aug 16, 2023 20:08

5-hour ENERGY billionaire founder invests heavily into US media

NEW YORK: Manoj Bhargava, founder of 5-hour ENERGY, announced after market trading Monday that he is expanding his media interests by creating a significant media holdings portfolio with stakes in print and online media, television and radio broadcast, production and distribution, and digital advertising delivery:

Aug 16, 2023 18:08

Virat Kohli terms as fake report on him buying land in Alibaug

Cricket superstar Virat Kohli has refuted as fake a Times of India report that said that he and his wife Anushka Sharma had invested Rs 19.24 crore for an eight-acre plot in Alibaug to build a farm house. Kolhi called out TOI on the report on social media platform Instagram. Sharing a screenshot of the news on Instagram, Kohli wrote, “Bachpan se jo akhbar Padha hai, wo bhi fake news chaapne lage ab.”

Aug 16, 2023 17:08

American sports stars buy into US Masters T10 League teams

LAUDERHILL, Florida: The US Masters T10 League, promoted by T Ten Sports Management (TSM), has received a major boost with three American sports stars acquiring equity stakes in the league franchises.

Aug 10, 2023 18:08

NCLT allows Zee-Sony merger to go through

THE CREATION OF a USD 10-billion dollar company is in the offing as the National Company Law Tribunal (NCLT) has allowed the merger of Zee Entertainment Enterprises Ltd and Sony Pictures Networks India.

Aug 09, 2023 17:08

Rannvijay Singha buys stake in Real Kabaddi League

MUMBAI: Actor Rannvijay Singha has joined Real Kabaddi League as a stakeholder and also as a brand promoter.

Aug 09, 2023 17:08

All Is Well gets funding from Bharat Founders and angel investors

BENGALURU: All Is Well, an AI-enabled integrated fitness tech platform, has raised $250k from Bharat Founders Fund and a group of prominent angel investors, including Shantanu Deshpande (Founder CEO Bombay Shaving Company), Abhishek Banerjee (Popular Bollywood Actor & Entrepreneur), Pradeep Parameswaran (RGM APAC Uber Mobility), Vijay Aggarwal (Ex-CTO BharatPe & Blinkit), Aarti Gill (Co-Founder Oziva), Sumit Jain (C

Aug 02, 2023 19:08

Punjab FC latest to ISL; pays franchise fee

PUNJAB FC are the latest entrant to the Indian Super League from the upcoming 2023-24 season onwards. Punjab FC becomes the first club to be promoted into the ISL, owing to their title winning 2022-23 I-League campaign.

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