Cricket Financial News

National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the Board of Control for Cricket in India (BCCI) against Think & Learn Pvt Ltd, the parent company of Byju’s, for allegedly defaulting on dues worth ₹158 crore. This is the latest in a series of setbacks for the online tutoring platform. While Byju’s has previously navigated similar challenges, such as the out-of-court settlement with Surfer Technologies, this latest development could have a more severe impact.

Jasprit Bumrah is noted not only for his remarkable consistency with the ball throughout formats, but also for his distinct bowling action. He made news for the first time after making his IPL debut, and his unusual action drew notice. Bumrah was sidelined for several months due to a back ailment, raising concerns about whether the top bowler would be able to bowl with the same energy that catapulted him to world-class status. Bumrah rebounded back in style, playing key roles in India's unbroken march to the 2023 ODI World Cup final and, this month, producing a player-of-the-tournament performance to help India win the T20 World Cup. Wasim Akram was overjoyed when a video of a young Pakistani fan successfully copying Jasprit Bumrah's unique bowling movement went viral. Bumrah, one of the world's top pacers, has been an inspiration to many aspiring pacers throughout the world. The little Pakistani boy's impersonation has struck a special chord with fans and cricketing groups worldwide.

NCLT) on Tuesday admitted edtech firm Byju’s parent company Think and Learn into insolvency over unpaid dues of Rs 158 crore related to sponsorship rights from the Board of Control for Cricket in India (BCCI). The tribunal has appointed Pankaj Srivastava as the interim resolution professional who will run the company until a Committee of Creditors (CoC) is constituted.

Karachi: The Pakistan Cricket Board wants the BCCI to provide written proof of the Indian government's denial of permission in case the team refuses to come here for next year's Champions Trophy citing a travel ban on security grounds, a PCB source has said. The host Board also wants the matter to be sorted as soon as possible, given that the tournament is scheduled in February-March. While the ICC annual conference will be held in Colombo on July 19 doesn't have any discussion on 'Hybrid Model' about India playing their games in the UAE on its agenda, the global body as usual has earmarked additional fund in case it becomes a two-country tournament. «If the India government declines permission, it has to be in writing and it is mandatory on the BCCI to provide that letter to the ICC now,» the PCB source working closely with organizing committee told PTI.

Anupam Mittal, the founder of Shaadi.com and a well-known figure from Shark Tank India, quipped that the Ambani family could have televised their grand wedding on JioCinema, their own streaming platform. In a post on X (formerly known as Twitter), Mittal wrote, «Dulha bhi khud ka, JioCinema bhi khud ka (Groom belongs to them, JioCinema also belongs to them). Should have broadcast 'The Shaadi', would have rivaled IPL ratings.» This tongue-in-cheek remark suggested that broadcasting the wedding might have garnered viewership comparable to the Indian Premier League (IPL), one of the most-watched cricket tournaments in the country. The Ambani wedding, which took place on July 12, was indeed a spectacle. Anant Ambani, the youngest son of Mukesh and Nita Ambani, tied the knot with Radhika Merchant in a lavish ceremony that drew a constellation of celebrities, cricketers, business moguls, and dignitaries. Even Prime Minister Narendra Modi graced the event, blessing the newlyweds with his presence.

They exchanged greetings and the Prime Minister was ushered into the venue where celebrities, cricketers, business tycoons, and politicians had already gathered to celebrate Anant Ambani and Radhika Merchant’s wedding celebrations. An elite guest list of political dignitaries Among the other high-profile dignitaries who attended the event were Mamata Banerjee, Chief Minister of West Bengal and President of TMC, Lalu Prasad Yadav, Former Chief Minister of Bihar and President of RJD.

Virat Kohli and his wife Anushka Sharma settling in London have been around for some time. While most of Bollywood was seen letting their hair down at Anant Ambani-Radhika Merchant’s wedding, the ace cricketer and the former actress was seen attending a kirtan in London. The power couple was seen listening attentively to a live performance by devotional song sensation Krishna Das Kirtan in London. In the video, Virat and Anushka are seen clapping and cheering during the bhajan, while American vocalist Krishna Das greets the audience with folded hands. The video was shared on the popular sub reddit Bolly Blinds Gossip. One Reddit user humorously commented with a famous line from Panchayat Season 3, «Kohli to Ambani: Kijiye wedding, kheliye wedding wedding, karte rahiye wedding wedding, alhua wedding.» Another fan observed, “They’re generationally securing ties for their future generations to reap benefits. Virat and Anushka I don’t think want power or even social capital. They just want to be wealthy private NRIs in the long run.”

Mukesh Ambani was seen getting emotional at the vidai (farewell) ceremony of his new daughter-in-law Radhika Merchant. Ambani’s younger son Anant exchanged vows with his fiancee on Friday. A video captured the newlyweds, Anant Ambani and Radhika Merchant, walking slowly while the groom's father, Mukesh Ambani, stood beside them. The emotional bride greeted another person who handed her a silver lamp. Netizens praised the billionaire for openly expressing his emotions and devotion to his family. “I love Mukesh Ambani for exactly this reason. He shows emotions and treats his daughters-in-law with great love and respect,” wrote an Instagram user.

Radhika Merchant in the year's most extravagant wedding. Global celebrities, business tycoons, cricketers, filmstars and politicians of all hues attended the wedding at Ambani-family-owned Jio World Centre at Mumbai's BKC on Friday and a 'blessing ceremony' for friends and family members titled 'Shubh Ashirwad' on the following day. A wide range of guests — from employees to business associates — were invited for another reception, titled 'Mangal Utsav', on Sunday at the same venue. Prime Minister Narendra Modi visited the venue on Saturday to bless the couple.

BCCI on Sunday decided to release funds of Rs 1 crore for the treatment of former India player and coach Anshuman Gaekwad. The 1983 World Cup winning player is suffering from blood cancer and is currently undergoing treatment at King’s Hospital London. «Mr. Jay Shah has instructed the Board of Control for Cricket in India (BCCI) to release Rs 1 crore with immediate effect to provide financial assistance to India's veteran cricketer Mr Anshuman Gaekwad, who is battling cancer,» BCCI apex council said in a statement. The move comes after former captain Kapil Dev appealed for help from the BCCI after the board announced Rs 125 crore in prize money for the T20 World Cup winning team.

Kapil Dev has also expressed deep concern for former cricketer and coach Anshuman Gaekwad, who is battling blood cancer and facing financial strain. Alongside fellow players like Mohinder Amarnath and Sunil Gavaskar, Kapil Dev is actively seeking support from friends and corporates to assist Gaekwad during this challenging time. “We are ready to contribute by donating our pension amount if the family allows us to,” Kapil said. Reflecting on the issue, Kapil in an interview with SportsStar emphasized the need for a structured approach to handle such medical emergencies for former players. He acknowledges the financial stability enjoyed by current players and support staff, contrasting it with the scarcity during his era when the Board lacked adequate funds. Kapil underscores the responsibility of the Board of Control for Cricket in India (BCCI) to support past players financially, advocating for the establishment of a Trust to streamline contributions and aid for veterans like Gaekwad. In a significant move, the BCCI has responded to emotional appeals from Kapil Dev and Sandip Patil by approving a donation of Rs one crore for Gaekwad's treatment at a London hospital. BCCI Secretary Jay Shah has personally ensured immediate financial assistance and ongoing support for Gaekwad's recovery.

Narendra Modi on Saturday blessed the newly-wed couple Anant Ambani and Radhika Merchant after their star-studded wedding that was attended by global celebrities, business tycoons, and politicians. Modi arrived at the Ambani family-owned Jio World Convention Centre here for a wedding reception that has been titled 'Shubh Aashirwad'. Anant, the youngest son of Mukesh Ambani — Asia's richest man — and Radhika, a pharmaceutical heiress, touched Modi's feet to seek his blessings.

cricket match-fixing scandal tainted the gentleman's game, a court here has framed charges of cheating and criminal conspiracy against four accused including Sanjeev Chawla, a London-based bookie and the «main conspirator», and actor Krishan Kumar, the brother of T-Series founder Gulshan Kumar. The 68-page order by the Patiala House district court, which has now paved the way for the start of the trial, noted the alleged role of the four — Chawla, Kumar, Delhi-based bookie Rajesh Kalra and Sunil Dara alias Bittoo. Delhi Police had filed the charge sheet in 2013 against them in connection with the 2000 cricket match-fixing scandal involving late South African captain Hansie Cronje. Cronje died in a plane crash in 2002. Chawla was extradited to India in February 2020.

schedule of India's upcoming white-ball tour of Sri Lanka has been revised, and the start of the contest pushed back by a day to July 27, the BCCI said on Saturday. The Indians will be touring the island nation later this month for three T20 Internationals and as many ODIs. Originally, the first match — a T20 International — was to be played on July 26, but it will now be held on July 27, followed by the remaining two T20 games on July 28 and July 30, with all the ties to be played at the Pallekele International Cricket Stadium. The ODis, initially scheduled to start on August 1, will now begin on August 2, followed by the remaining matches on August 4 and August 7, with all the games to be held at R Premadasa Stadium in Colombo.

Hardik Pandya bowled the final ball in ICC T20 World Cup 2024, the celebrations of India's victory have not ceased. Rohit Sharma & Co met Prime Minister Narendra Modi on July 4, soon after landing in Delhi from Barbados. The PM hosted the World Cup champions for breakfast at his residence and also interacted with the entire team and learning about their experiences throughout the marquee tournament. BCCI secretary Jay Shah and President Roger Binny were also present at 7 LKM and gifted Modi an Indian jersey.

Team India Arrival Live Updates: T20 World Champions to meet PM Modi soon; Rohit, Risabh, Suryakumar Yadav dance to dholIndian cricket team having arrived back in India on Thursday morning, is scheduled to participate in an open bus road show. Subsequently, they will be honored at a felicitation ceremony to be held at the Wankhede Stadium in south Mumbai, as reported by PTI.The victory procession will be held between 5 and 7 pm from Nariman Point to the Wankhede Stadium, the official said on Wednesday.Also Read: Why Team India was flown cancelling a scheduled regular flight? DGCA rebukes Air India, seeks report“As a large number of people are expected to gather for the event, police are taking utmost precaution to avoid any untoward incident," he said.“Adequate security is being deployed at the Marine Drive between Nariman Point and Wankhede Stadium," the official said.The T20 World Cup-winning Indian cricket team arrived in New Delhi from Barbados on Thursday aboard a specially-arranged charter flight with scores of fans lining up outside the airport in the national capital to welcome the players despite a steady drizzle and heavy security deployment that kept them at a distance from their heroes.

worldcup winning team.A cake has been prepared in the colours of Team India jersey and topped with the T20 trophy recreated in chocolate.Executive chef at ITC Maurya, Chef Shivneet Pahoja, told news agency ANI its a tribute to the World Cup winning team“The cake is in the colour of the Team's jersey. Its highlight is this trophy, it may look like an actual trophy but this is made out of chocolate...This is our welcome to the winning team...We have arranged the breakfast in the special venue and we will offer them a special breakfast.." he said.

same is shared by The Board of Control for Cricket in India (BCCI) on its official social media handle X.Fans turned up in huge numbers, danced to celebrate India's success and welcomed the arrival of the T20 World Cup-winning team during the victory parade. Not just this, Wankhede stadium was too filled with fans to meet the World Champions.Yesterday, after a 16-hour long flight, Team India first started their day with breakfast at ITC Maurya, then headed to meet Prime Minister Narendra Modi. PM Modi interacted with the them at his residence.

Gautam Gambhir has been appointed as the new Head Coach of the Indian Cricket Team, according to a statement by BCCI Secretary Jay Shah on social media platform X. Shah expressed confidence in Gambhir's ability to lead Team India forward, citing his deep understanding of modern cricket dynamics and his successful career across various roles. Following the announcement, Gautam Gambhir also posted on social media, «India is my identity and serving my country has been the greatest privilege of my life. I’m honoured to be back, albeit wearing a different hat. But my goal is the same as it has always been, to make every Indian proud. The men in blue shoulder the dreams of 1.4 billion Indians and I will do everything in my power to make these dreams come true!»

Indian cricket team members received a grand felicitation on their return from Barbados as they first met Prime Minister Narendra Modi on Thursday in New Delhi and then joined a victory parade in Mumbai where large street-side crowds cheered for the T20 World Cup winners as they passed atop an open bus in a procession. The welcome was fitting, given that this title win is only the second for India and ended a 17-year drought in this format of the game, one that has lasted since India’s win in the inaugural edition of the championship in 2007.

India is one of the most active countries for Threads, which has notched over 175 million monthly active users globally, according to social media giant Meta. The update assumes significance as it marks the completion of nearly one year since Meta officially launched rival to Twitter (now X). «With a 175 million actives, we're seeing Threads become a place where people feel comfortable sharing their thoughts and ideas. India is one of the most active countries for Threads globally,» Meta said in a release.