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Sean “Diddy” Combs surprised the music industry and its observers recently when he decided to transfer rights from his Bad Boy Records catalog to some of the artists and songwriters who long ago helped make him a billionaire.

₹100 crore. But this jump in the valuation of media rights for the game in India took flight only after the birth of IPL – twenty-over cricket matches (T20) played by the best in the business for privately owned teams, all set against the backdrop of Bollywood spice.

Advik Capital rights issue 2023: Advik Capital shares are one of the small-cap stock under ₹5 on Dalal street. The penny stock below ₹5 is in news as the board of directors of the company has approved rights issue proposal for up to ₹49.95 crore. The rights issue price has been fixed at ₹2.40 per equity share.

By Nandita Bose

BCCI’s international bilateral cricket matches held in India as well as domestic competitions for ₹5,963 crore for a period of five years to 2028. The bid, however, is lower by ₹175 crore than the ₹6,138 crore Disney Star had paid for the previous fiveyear cycle, a sign that the value of bilateral cricket will be under pressure due to declining viewer interest in the Test and ODI formats. It translates to a payout of ₹67.76 crore per match, about 10% higher than in the previous cycle that had more matches. BCCI secretary Jay Shah said Thursday's e-auction has propelled BCCI into the upper echelons of permatch media rights valuation. “Throughout this process, we have steadfastly upheld the principles of transparency and fairness, ensuring that all stakeholders are treated equitably,” he said. Sources close to the development said Viacom18 bid ₹3,101 crore for digital rights and ₹2,862 crore for TV rights, with the difference between the two sets of rights being a mere ₹239 crore. They added that Sony Pictures Networks India (SPNI) was the only other bidder in the fray as Disney Star sat out of the e-auction, having already committed $4.5 billion for Indian Premier League (IPL) TV rights and International Cricket Council (ICC) digital rights. One of the sources said Sony's bid of ₹5,863 crore was ₹100 crore lower than Viacom18's bid.

NEW DELHI, MUMBAI : Viacom18 Media Pvt. Ltd, a unit of Reliance Industries Ltd (RIL), secured the media rights for all bilateral cricket matches to be played in India during the next five years for ₹5,963 crore through the e-auction conducted by the Board of Control for Cricket in India (BCCI) on Thursday. The RIL-run broadcaster outbid Sony Pictures Networks India across digital and television, while the third bidder, Disney Star, placed just a couple of bids, according to two people familiar with the development.

₹5963 crore. It will pay ₹3101 crore for digital rights which is ₹35.23 per match and for TV, it will pay ₹2862 or 32.52 crore per match.

Viacom18 has won BCCI media rights for Rs 67.8 crore per match h outbidding Sony Pictures Networks India and Disney Star, sources tell Economic Times. The total value of the deal is Rs 5966 crore, sources added. The e-auction for the bilateral cricket media rights was held today. As per the tender released by the BCCI on August 2, the board had set a base price of Rs 20 crore per match for Package A, which comprises the TV rights for the Indian subcontinent. Package B, which includes global digital rights and the rest of the world TV rights, had a base price of Rs 25 crore per match. The media rights tender was floated for five years (2023-28), covering 88 matches. At Rs 45 crore per match, the overall base price worked out to Rs 3,960 crore. While lowering the base price, the BCCI has set a threshold of Rs 60 crore per match, or Rs 5,280 crore for the 88 matches.

₹48,390 crore in IPL (Indian Premier League) rights for the 2023-27 cycle. That included ₹23,575 crore from Disney Star (TV rights) and ₹23,757 crore from Viacom18 (exclusive digital rights). Later, when the ICC (International Cricket Council) auctioned its rights for four years, Disney Star was in the thick of action again, picking up the rights for $3.03 billion.

Women's Equality Day, marking the victory of the women's suffarage moment. On this day in 1920, the United States government certified the 19th Amendment to the US Constitution. Prior to this amendment, a glaring gender-based disparity persisted.

IDFC First Bank has won the title sponsorship rights for all BCCI matches for domestic and international cricket for the next three years for ₹4.2 crore per match, two people aware of the matter said. The Board of Control for Cricket in India had issued its invitation to tender for the rights earlier this month after Mastercard Inc. exited in March as title sponsor for team India.

IDFC FIRST Bank has bagged the title rights for home international series of the Board of Control for Cricket in India (BCCI), announced the Indian cricket board on 25 August, adding the private lender would pay a sum of ₹4.2 crore per international game. The BCCI said that the contract will commence for a three-year-long period starting from the three-match ODI series that India will host against Australia.

Cricket in India (BCCI) has awarded the title sponsorship rights for all BCCI international and domestic home matches to banking company IDFC First. According to sources privy to the development, IDFC First will pay Rs 4.2 crore per match, which translates to Rs 235.2 crore for the 56 matches that the Indian cricket team will play during the three-year cycle. The base price for the title sponsor rights was Rs 2.4 crore per match, which worked out to Rs 134.4 crore for the three-year period. IDFC First's per-match fee will be higher than the Rs 3.8 crore per match that MasterCard and Paytm paid during the previous cycle from September 2019 to March 2023. Apart from IDFC First, Sony Pictures Networks India was the only other bidder. It had bid Rs 2.4 crore per match, which was the base price set by the BCCI for the title sponsorship rights. Earlier, fantasy sports platform Dream11 had bagged the lead sponsor rights for the Indian cricket team for a base price of Rs 358 crore. In a statement, the BCCI said that the sponsorship and the activations around the title sponsor are aimed at enhancing IDFC First’s connection with cricket lovers across the country and beyond. The title sponsorship will kick off with the 3-match ODI series against Australia, scheduled to begin next month. The three-year title sponsor rights will kick off in September this year and end in August 2026.

British competition regulators have opened a new investigation into Microsoft’s revamped bid to buy video game maker Activision Blizzard

MUMBAI : Omnichannel pharmacy chain PharmEasy will raise ₹3,500 crore through a rights issue next week, multiple people aware of the development said, helping it repay a big chunk of its loans to Goldman Sachs. Temasek Holdings, TPG, Prosus, CDPQ, Eight Roads, LGT, Abu Dhabi sovereign wealth fund ADQ, Amansa, OrbiMed and Sunil Kant Munjal’s family office have already committed to invest as much as ₹2,000 crore, one of the people cited above said. Manipal Health Enterprises founder Ranjan Pai’s family office may invest ₹1,200 crore.

By Kate Holton and Paul Sandle

Narendra Modi today addressed Madhya Pradesh Rojgar Mela virtually. The Prime Minister congratulated newly inducted recruits on this occasion. In the program, CM Shivraj Singh Chouhan gave appointment letters to more than five thousand newly appointed teachers.

ISRO, but what's more to Chandrayaan-3?Space, the ultimate tech frontier Many may not know but space exploration has led to a large number of technological innovations which have improved daily life. Apart from the industrial use of innovation in space technology, you can find space technology in items of daily use too.

gender discrimination. "The Murugappa family is pleased to announce that its members have agreed to settle the disputes and differences between the family branch of late Mr. M V Murugappan (including Mrs.

Another rapid-fire gun device that is worrying federal government officials is being put to the test in lawsuits in New York City and Texas

North Carolina was ground zero in the nationwide fight over transgender rights with the passage of its 2016 “bathroom bill.”