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«We expect the Board of Control for Cricket in India (BCCI) to garner 1.6-1.9x of base price (approximately 32% higher than earlier cycle rights on a like-to-like basis, as the number of matches has come off by 15% vs the earlier cycle), as the current base at Rs 450 million per match is already 25% lower than the last cycle’s price of Rs 600 million,» Analyst Karan Taurani wrote in the report. The combined base price of TV and digital stands at Rs 3,960 crore for 88 matches to be played in the next five year cycle of 2023-2028. The TV and digital rights carry base price of Rs 20 crore and Rs 25 crore per match, respectively, Elara noted. Elara said the BCCI expects at least Rs 60 crore per game at the auction, which translates into a base price of Rs 5,280 crore via the eAuction process.«It may cancel the process if the numbers are not breached,» Taurani said.

Parliament passing the contentious Delhi services bill, Rajya Sabha MP Kapil Sibal on Tuesday took a swipe at the Centre, saying they don't tolerate «single engine» governments anywhere in India. Parliament on Monday passed the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, that gives the central government control over bureaucrats in the Delhi government with the Rajya Sabha approving it with 131 votes in favour and 102 against.

PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform. PayPal USD is issued by Paxos Trust Company and backed by dollar deposits and similar cash holdings, the online payments giant said in a release. It comes as the cryptocurrency industry is suffering hard times after the spectacular collapse of FTX and various legal cases against the sector's biggest players. As the biggest cryptocurrencies are famously volatile, entrepreneurs invented a theoretically more reliable alternative known as stablecoins.

India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.

tech groups on Monday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it takes effect on Jan. 1. NetChoice, a national trade association that includes major tech platforms, and Chamber of Progress, a tech-industry coalition, said in a joint court filing that «Montana's effort to cut Montanans off from the global network of TikTok users ignores and undermines the structure, design, and purpose of the internet.» TikTok, which is owned by Chinese tech giant ByteDance, filed a suit in May seeking to block the first-of-its-kind U.S.

Amazon.com is set to meet next week with the U.S. Federal Trade Commission (FTC) ahead of a potential long-awaited antitrust lawsuit against the retailer, according to a source familiar with the matter. The FTC began probing Amazon during former President Donald Trump's administration when the government decided to investigate Amazon, Google, Faceboook and Apple for allegedly breaking antitrust law.

Elon Musk and Mark Zuckerberg, two of the tech industry's most prominent figures, have engaged in a playful yet intriguing exchange that has left the world wondering if a face-off of epic proportions is in the making. While the prospect of a physical showdown between the billionaire titans remains uncertain, their online banter has sparked a fire of speculation and entertainment across the digital landscape. The saga commenced back in late June when Musk, the innovator behind X, expressed a playful challenge in response to news about Meta's upcoming Threads, a potential Twitter competitor.

Sales spiked by up to 25% last weekend sequentially over the previous weekend, retailers and brands said. Online platforms such as Amazon running its Independence Day sales saw a surge in laptop sales following the government announcement, industry executives said. The sales momentum is continuing even on Monday, they said.

insurers to better manage their long-term liabilities is reporting a volume surge, pointing to the likelihood of lower borrowing costs for the Centre — and the broader economy — as insurance companies buy into the instrument for its inherent structural flexibility. Latest data published by the Clearing Corporation of India, which hosts the trading platform for government bonds, showed transactions in Separate Trading of Registered Interest and Principal Securities, or STRIPS, surged over three-fold in the first quarter of the current fiscal year.

In a breakthrough for crypto casino adoption, Mega Dice is leading the way by opening the world’s first licensed crypto casino accessible via the Telegram app. 

Activision has officially declared that this year's installment of the popular game series, Call of Duty, will follow up on the events of the previous year's game. The new release, titled Call of Duty: Modern Warfare 3, is set to hit the market on November 10, as announced in a brief teaser released on Monday.

Investing.com — It’s the Saudi playbook: Cut production when demand is bad and punish your best customers (Asians) who are beholden to you. 

Asteroid City," which has been written and directed by Wes Anderson, will be available for streaming on Peacock exclusively from Friday, August 11. The movie follows other recent hits like The Super Mario Bros. Movie and Renfield on the platform. It arrives on Peacock a month after its digital release through premium video-on-demand services.

NEW DELHI : The Institute of Chartered Accountants of India (ICAI), the accounting rule maker and self-regulator of auditors, is likely to flag concerns about the preparation of financial statements by Think & Learn Pvt. Ltd, which runs the Byju’s online tutoring platform, to the ministry of corporate affairs after a review of its FY20 and FY21 accounts, two people aware of the development said.

NEW DELHI : The Lok Sabha on Monday passed the landmark Digital Personal Data Protection (DPDP) Bill amid loud protests from the Opposition. The bill, which sets stiff penalties for data breaches, comes six years after the Supreme Court ruled that privacy was a fundamental right. It will now go to the Rajya Sabha for its approval.

Reliance Industries Ltd (RIL) has seen a substantial uptick in incidences of “voluntary separation" in its retail and telecom divisions in 2022-23. Attrition rates rose by 64.8% over FY22, according to the annual reports of the conglomerate. Although the conglomerate spanning oil to telecommunications boosted its hiring efforts, the momentum was lost following its acquisitions as operational redundancies led to duplication of roles across various functions, said three people aware of the development.

Adani Energy Solutions (AESL), the transmission and distribution business arm of the Adani Group, said it has achieved financial closure for its $1 billion (about ₹8,268 crore) green high voltage direct current (HVDC) link project, which will increase renewable energy supply to Mumbai. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for the company's under-construction transmission assets portfolio.

One 97 Communications Ltd, parent of Paytm, said founder and chief executive officer Vijay Shekhar Sharma had bought Antfin’s 10.3% stake in the fintech platform, public investors were elated. One Communications’ shares ended about 7% higher on Monday.

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