Sporting Financial News

Ecommerce company Amazon India is set to tweak its seller fee structures with effect September 9, with several categories seeing a reduction in commissions in the run up to the festive season. The firm has reduced commissions in the range of 3-12% for 59 sub-categories, Amazon India's director of selling partner services, Amit Nanda, told ET. The reduction is focused on products with low average selling price (ASP), he said. «We wanted to help our sellers in planning for their Diwali and other festive sales… we're hoping sellers will find it as cheap, if not cheaper, to sell some products on Amazon compared to their offline channels,» Nanda said. In March, ET reported about Amazon increasing commissions in the range of 10-30% across major segments. At the time, it had shifted several categories like car electronics, keyboards and mouses, and personal care appliances from a single flat commission to a tiered system based on ASP. This time, categories like apparel, home furnishing, fashion and sports will see a reduction in seller commissions.

Chelsea under their American investors will be a fascinating case study about running a soccer club. Because no one in England or beyond has ever seen anything like what has been happening at Stamford Bridge over the last two years. Just take this in: Chelsea has spent nearly $1.3 billion on 39 players across five transfer windows since a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly and Clearlake Capital bought the Premier League club from its long-time owner, Russian oligarch Roman Abramovich, for $3.2 billion in May 2022. Throw in the club having four different full-time managers in this period — plus another coach on a temporary basis — and the revolving door at Chelsea, a six-time English champion and two-time European champion, simply hasn't stopped spinning.

Montreal billionaire André Desmarais has joined one of the consortiums angling to build and jointly operate the federal government’s new high-frequency electric railway.

select matches of Premier League 2024/25 in 4K resolution. The platform is the official streaming partner of Premier League in India. The top-tier Premier League began on August 17 with the highly anticipated opening fixture between Manchester United and Fulham. Throughout the season, Disney+ Hotstar will stream over 100 matches in 4K on LR (living room) devices that are 4K-enabled. This feature will be available to Disney+ Hotstar users with a premium subscription via the English-language audio feed. This strategic selection ensures that fans will have the opportunity to witness some of the most thrilling and high-octane football action in the league, all in 4K resolution.

JSW Sports and Inspire Institute of Sport (IIS) founder Parth Jindal has led a fresh round of funding in PadelPark India, a comprehensive ecosystem and market leader dedicated to the sport of Padel in India. PadelPark India will deploy the fresh funding in scaling up its infrastructure and enhancing the offerings of its academy and events. It plans to establish more than 100 Padel clubs across the country over the next few years through a combination of owned and franchise-run centres. The company is on track to deliver 40 Padel Courts in the next three months, open 15 Padel Centres/clubs in the next 60 days, and train 250 people from next month.

Also read: Perfect outdoor escapes: In search of wild greens Trail running has shown gradual growth over the last few years in pockets of the country with plenty of races in the Himalaya and the Western Ghats, while a few runners like Kieren D’Souza and Sannat Sachdev have shifted base to the mountains to train and race internationally— Kieren moved from Bengaluru to Manali; Sannat from Jaipur to Bir. “The standards are very high globally and we are just about catching up. In other countries, there are loads of local races and trail running clubs.

₹39 crore in funding from Dubai-based real estate company, Brickwork Development. This investment values the retired cricketer league at ₹350 crore and will support it as it prepares for its next season from 11 September, according to the company. The upcoming season will be held in India and Qatar and will feature six teams composed of recently retired international cricketers.

BookMyShow, the leader in India’s entertainment ticketing market, could face intense competition from Zomato, which is acquiring Paytm's ticketing business for Rs 2,048 crore and plans to build it into the company’s third main consumer vertical. BookMyShow, whichposted nearly Rs 1,000 crore in fiscal 2023 revenue and is profitable, will try to protect its market share by using its clout with suppliers and other stakeholders, and leveraging exclusive contracts with multiplex chains, event organisers, sporting bodies, artists and theatre companies among others, analysts and industry executives said. Meanwhile, Gurugram-based Zomato will seek to utilise profit from its other mature businesses like food delivery to scale the going-out segment that includes the dining out and entertainment ticketing verticals.

Warner Bros. Games has unveiled the trailer for «Harry Potter: Quidditch Champions.» The game features beloved characters like Harry Potter, Ginny Weasley and Draco Malfoy playing the popular wizarding sport.

Diana Pundole, a devoted mother of two and a dedicated teacher from Pune, has shattered the glass ceiling by claiming the national championship title in the saloon category at the MRF Indian National Car Racing Championship 2024, held in Chennai. Diana's journey to the top is nothing short of extraordinary. Her passion for racing ignited eight years ago when she received an unexpected call from Coimbatore inviting her to participate in a car racing championship. At that time, she was one of 200 women selected from across India to undergo rigorous trials as part of a national talent hunt. Despite facing skepticism and numerous challenges, Diana's determination propelled her forward, eventually earning her a spot among the top six contenders.

Sumit Antil, left for the Paris Paralympics in advance to get acclimatised to the conditions. The 16 para athletes will stay at hotels in Paris for a few days before entering the Games Village on August 25, three days before the Opening Ceremony. The likes of Antil, who is bidding to become the first Indian to defend his Paralympics gold, will train at facilities near the French capital to acclimatise with the weather conditions there. Para athletics events will be held from August 30 to September 8, the closing day of the Paralympics, at Stade de France, the same venue where the able-bodied athletes competed during the Paris Olympics.

Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps. Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers. Neither the companies nor the regulator have commented as the process is confidential.

Zomato's shares surged 3% following its acquisition of Paytm's ticketing business, marking a strategic expansion into the event and travel booking sectors. This move has sparked optimism among analysts, with brokerages setting target prices as high as Rs 335 for the stock. On Wednesday, the company's board of directors approved a share purchase and subscription agreement with One 97 Communications (Paytm operator), Wasteland Entertainment Private Limited (WEPL), and Orbgen Technologies Private Limited (OTPL) to acquire their entertainment ticketing business.

₹25,000 can be daunting. These devices combine functionality with style, catering to a wide range of needs and preferences.To simplify your search, we’ve curated a list of the top 5 smartwatches that excel in features, design, and performance—all within an affordable budget.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

The explosion of online sports betting is taking a toll on personal finances, particularly among those who are financially distressed.

The Premier League has been a rich hunting ground for Americans over the past two decades, with almost half the 20 clubs under their control as it started a new season. The interest was turbocharged when a group led by billionaire Todd Boehly acquired Chelsea two years ago.

Forcas Studio issue, which opened for bidding on August 19, was subscribed 182 times on Wednesday so far, the final day of the bidding process. This was led by strong demand from retail and non-institutional investors. As of 12:45 pm, the retail investor category booked strong demand, bidding for 43.15 crore shares by 2.67 lakh applicants. The non-institutional investor (NII) category witnessed a bid for 15.21 crore shares, while the qualified institutional buyers had bid for 2.83 crore shares.

Motorola, launched the Moto g45 5G in India on August 21. The budget smartphone, featuring the Qualcomm Snapdragon 6s Gen 3 chipset and a 5,000mAh battery, is priced at Rs 9,999, including all offers. It will be available for purchase on the company's official website, Flipkart, and select retail stores starting August 28. The Moto g45 5G is equipped with the Qualcomm Snapdragon 6s Gen 3 chipset and supports 13 5G bands. Operating on Android 14-based HelloUI, the device features a 5,000mAh battery and sports a 6.5-inch display with a 120Hz refresh rate, protected by Corning Gorilla Glass 3. The smartphone supports Dolby Atmos surround sound and Hi-Res audio. For photography, the Moto g45 5G features a dual-camera setup on the back, with a 50-megapixel primary sensor and a 2MP depth-sensing sensor. On the front, it has a 16MP camera sensor.

sports retailer Decathlon on Wednesday said it will invest 100 million euros (around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations. The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee. The company plans to have a network of 190 stores, having presence in over 90 stores in next 5 years as part of its expansion, he added. Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company.

ICC T20 World Cup match in New York between arch-rivals India and Pakistan has received a «satisfactory» rating from the governing body of the sport. The highly-anticipated match between these two arch-rivals at New York's Nassau County International Stadium was a low-scoring thriller. After being cleaned up for 119 runs, with Rishabh Pant scoring 42, Pakistan could manage only 113/7 in their quota of 20 overs, with Jasprit Bumrah bowling a game-changing spell of 3/14 in four overs. The drop-in pitches in New York were under scrutiny throughout the tournament because of low-scoring matches and uneven, unpredictable bounce. During the Sri-Lanka South Africa clash, SL could score only 77 runs in 19.1 overs and SA chased down the target in 16.2 overs.