Rights Financial News

₹15 lakh. The board is yet to take a call if it is going to be an e-auction or a closed one and whether there will be a single auction for composite rights or digital and television to be sold separately.

Board of Control for Cricket in India (BCCI) has issued a tender for Media Rights for BCCI International and Domestic Matches, and it is seeking bids from reputable organisations. The ITT will be available for purchase till August 25. The BCCI said that the detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, rights and obligations, etc.

Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction of its team’s games amid waning interest from firms who had recently competed fiercely for the wildly successful Indian Premier League. The proposed starting date of the auction process for the media rights of the so-called bilateral series, played by the Indian team against other countries, for the next five years is postponed by at least two weeks as the Board of Control for Cricket in India reaches out to more firms to drum up interest in the property, according to people familiar with the matter. The lukewarm response by media firms ahead of the auction highlights the struggle to make money amid weak advertising revenues, with the shorter-format IPL being the top cricket property garnering higher viewership over the years. The sale process is running two weeks behind a timeline suggested by its adviser, Ernst & Young, under which auctions would have been completed by August end, they said. EY expects the sale of rights to 102 matches to raise at least $750 million, almost the same price for what it was sold five years back, the people said, asking not to be named as the information is not public. In contrast, the rights to IPL, which was auctioned last year, had surged almost threefold from the previous offering. The IPL remains one of the world’s most popular sporting contests and is still garnering the most eyeballs among cricket events. Last year, BCCI raised record amounts of money by selling media rights for the IPL through an auction as Viacom 18 Media Ltd., controlled by billionaire Mukesh Ambani, and Walt Disney Co. outbid rivals, including Sony Group Corp.

₹1 lakh and will be available for purchase for the next three weeks. In September 2022, Mastercard had temporarily taken over from Paytm (One97 Communications Ltd), which had signed a deal with the board for ₹326.80 crore in 2019. Paytm was to fork out ₹3.8 crore per match, about 58% higher than the earlier ₹2.4 crore deal, but in July 2022, the company requested BCCI to assign the rights to Mastercard till March 2023.

BCCI events. The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, rights and obligations, etc.

Qantas has accused Sydney Airport of “demonising” its biggest customer after it suggested the country’s largest airline was hoarding landing slots in a bid to prevent competitors from adding more flights to Australia.

The Human Rights Foundation (HRF) is offering Bitcoin (BTC) bug bounties in a bid to improve Bitcoin and the Lightning Network.

Small-cap stock below ₹5: GG Engineering shares are one of those small-cap stocks listed on Dalal Street that has declared rights issue. GG Engineering rights issue 2023 opened for investors on 20th July 2023 and the offer will remain open till 31st July 2023. The small-cap company with a market cap of around ₹102 crore aims to raise 49.88 crore from its rights offer.

By Milana Vinn and Anirban Sen

wrestling fraternity's wrath for accepting exemption from the Asian Games trials, Vinesh Phogat and Bajrang Punia on Monday said they are hurt that young wresters dragged them to the court but are at the same time delighted to see the junior grapplers starting to fight for their rights. The IOA ad-hoc panel conducted trials in all 18 categories for the Hangzhou Games but decided to give direct entries to Bajrang (65kg) and Vinesh (53kg), triggering angry reactions from many in the wrestling fraternity. Junior wresters Antim Panghal and Sujeet Kalkal approached the Delhi High Court, appealing that the exemption be set aside but their petition was dismissed.

cybercrime bill currently under discussion in parliament, warning it would «undermine free speech online». The bill would «pave the way for an alarming surge in online censorship», said a joint statement by 14 non-governmental organisations, including Human Rights Watch and digital civil rights group Access Now.

Migrants in Tunisia’s port city of Sfax who are aiming to make Europe their new home are now sharing the burden and the blame for escalating tensions deeply tinged with racism amid the fears of European leaders who are trying to stanch the numbers of p...

Ahmedabad: Seacoast Shipping Services Limited, a leading single-window logistics services provider headquartered in Ahmedabad, is providing an opportunity for both existing and non-existing shareholders to participate in the company’s growth by applying for shares in its ongoing Rights Issue. The Rights Issue of 20,20,05,000 fully paid-up equity shares commenced on July 21 and will remain open for subscription until August 2. Shareholders holding shares in the company on the record date of July 13 are entitled to three rights shares for every five shares held by them.

Transport Minister Catherine King says she will review whether Turkish Airlines can add more flights to Australia, blaming the carrier for failing to submit a formal request before it was set to announced expanded services.

maternity leave to female employees is not just a violation of their rights but an assault on their dignity and right to life. As per ToI report, Justice Sashikanta Mishra ordered that maternity leave is an inherent right of every woman employee and cannot be denied on technical grounds, as it goes against the natural order of life. The case in question involved Swornalata Dash, an assistant teacher at the Practicing Girls’ High School, Keonjhar, an aided educational institution.

One of the world’s biggest airlines, Turkish Airlines, has been forced to put its plans of expanding services into Australia indefinitely on hold after it failed to win government approval in time for an expected launch of highly sought after capacity to Europe from Melbourne and Sydney.

A British court granted an appeal on July 20 that gave Craig Wright the right to argue in a litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection. 

gig workers of the state will be registered with all the aggregators of the state. The aim of the bill is to set up a welfare fee deduction mechanism that will be integrated with the aggregator app. In case an aggregator fails to comply with the provisions of the act, the bill mentions ₹5 lakh penalty for the first offense and ₹50 lakh penalty for the subsequent offense.

New Delhi: With state run ONGC Videsh Ltd (OVL) yet to get the equity rights for its shares in Sakhalin-1, the overseas arm of Oil and Natural Gas Corporation (ONGC) has not received any dividend payments, said two people aware of the development. The issue of India’s most lucrative energy equity buy overseas has been raised with Rosneft and at various levels in the Russian government but is yet to be resolved. The stake sale was purchased ONGC’s subsidiary for $331 million in 2001 that has yielded manifold returns.

WASHINGTON (Reuters) -The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration's efforts to boost clean energy.

₹2.1 crore), and top teams of the country." The tournament will be played in Delhi between 4-26 August with 24 teams in the fray. The last edition of the tournament had witnessed record viewership with more than 100 million views on the live game streaming platform, Loco. Last season, the tournament had an overall prize pool of ₹1.5 crore.