Star Financial News

OTT platforms, Board of Control for Cricket in India (BCCI) set a higher base price for digital rights compared with TV. It has also reduced the overall base price to ₹45 crore per match for upcoming media rights cycle. The base price stood at ₹61 crore per match for Disney star paid in the recent cycle.

BCCI) has set a higher base price for digital rights compared with TV while lowering the overall base price to Rs 45 crore per match for the upcoming media rights cycle compared to Rs 61 crore per match that Disney Star paid in the recently concluded cycle. In cricket, the base price for digital rights has never been higher than TV rights in the past. As per the tender released by the BCCI on Wednesday, the board has set a base price of Rs 20 crore per match for Package A, which comprises the TV rights for the Indian subcontinent.

HoYoverse, has garnered a considerable player base since its launch a few months ago. As newcomers join the game daily, a common query arises: Can this game be enjoyed offline? Amidst its widespread popularity, ‘Honkai: Star Rail’ stands as a solo gaming experience, devoid of multiplayer or co-op features. This characteristic has prompted inquiries regarding its offline playability.

By Sarah N. Lynch and Jacqueline Thomsen

Leah Remini has filed a lawsuit against the Church of Scientology, alleging «psychological torture», 'intimidation' and 'harassment' for over 10 years. The television star, known for shows such as Saved By The Bell and The King of Queens, joined the controversial church as a child. As a grown-up member, she quit in 2013 and has been speaking against Scientology ever since Leah Remini’s documentary against Scientology won at the Emmy Awards, according to reports. The actor was so affected that she co-created and hosted an anti-Scientology documentary series, titled «Leah Remini: Scientology and the Aftermath». The docu series was telecast from 2016 to 2019 and went on to win two trophies at the Emmy Awards.

WWE SummerSlam has been known for concluding significant feuds and delivering unforgettable moments and matches that have become legendary. Among the many remarkable aspects of SummerSlam, it's impossible not to acknowledge the incredible returns of WWE stars that the event has witnessed. Throughout its illustrious history, SummerSlam has witnessed several standout returns that have left a lasting impact. As we approach the 2023 SummerSlam event, let's take a moment to revisit some of the most significant comebacks in the event's history.

MUMBAI : Billionaire Anil Agarwal-led Vedanta Ltd’s shares plunged 9% in intraday trade to ₹247.60 apiece on exchanges after S&P Global Ratings downgraded the parent firm Vedanta Resources Ltd’s credit outlook from stable to negative on Thursday when Twin Star Holdings Ltd, promoter of Vedanta, sold 15.4 crore shares worth ₹3,983.1 crore in the company to raise funds for repaying dues. While marquee investors including Societe Generale and Copthall Mauritius Investment Ltd bought 2.94 crore and 8.48 crore Vedanta shares from Twin Star at ₹258.5 apiece respectively, in a statement put out in Singapore, S&P Global Ratings downgraded Vedanta Resources citing increased funding risks. The rating agency has affirmed ‘B-’ long-term issuer credit rating for the London-based parent firm.

₹247.60 apiece on exchanges on Thursday after S&P Global Ratings downgraded the parent firm Vedanta Resources Ltd’s credit outlook from stable to negative on Thursday when Twin Star Holdings Ltd., promoter of Vedanta, sold 15.4 crore shares in the company worth ₹3,983.1 crore to raise funds for repaying dues. Marquee investors including Societe Generale and Copthall Mauritius Investment Ltd bought 2.94 crore and 8.48 crore Vedanta shares from Twin Star at ₹258.5 apiece respectively. Shares of Vedanta Ltd ended 6.65% down at ₹254.05 apiece on NSE, which is 1.72% lower than the floor price at which Societe Generale and Copthall Mauritius Investment purchased the shares from Twin Star.

The Greta Gerwig directorial created history by becoming the first female lead film to get the biggest opening. It will create a record again if it reaches 1 billion dollars by the end of its third weekend worldwide. The Warner Bros. and Margot Robbie production is still running successfully in theaters worldwide. If all goes well, by the coming Sunday that is August 7, the Barbie movie will have hit the $1 billion mark worldwide! Stateside Barbie will make $55 million on its third weekend, and easily cross $400 million by August 3, the film’s 14th day of release. As a comparison, Top Gun: Maverick and The Super Mario Bros Movie took 18 days to get to that mark at the US domestic box office. Stateside, Top Gun: Maverick ended with $718.7 million, while Super Mario ended with $574.1 million. Market predictions say Barbie could end around $600 million. By August 2, Barbie collected $850 million at the worldwide box office. Barbie's second Monday in the US at $15 million was also the best non-holiday second Monday ever in movie history. Barbie’s second Tuesday at $15.25 million is again the best non-holiday second Tuesday.

The latest federal indictment of former President Donald Trump poses an unprecedented test of the Justice Department’s ability to build a persuasive case not just for 12 jurors but also for the history books. In seeking to do that, prosecutors will face a number of hurdles in court, including showing that Trump’s actions were criminal as opposed to protected free speech. On the issue of whether it can persuade the public of the righteousness of its prosecution, the Justice Department has taken on a huge and politically polarizing target in an atmosphere already ripe with mistrust over its motivations.

Here’s what Macquarie’s small-cap analysts were talking to clients about on Thursday.

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

₹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.

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Hero MotoCorp: Enforcement Directorate seized cash and jewellery worth ₹25 crore during raids against top officials of Hero MotoCorp. The law enforcement agency also found "incriminating" documents in the residences and offices of executive chairperson Pawan Kant Munjal and others. This comes a day after ED conducted searches at Chairman Pawan Munjal's premises on August 1 located in Delhi and neighbouring Gurugram, and also registered a case against him under the Prevention of Money Laundering Act (PMLA), reported news agency PTI.

Twin Star Holdings — one of the promoters of Anil Agarwal-owned Vedanta Ltd — will be selling a 4.3% stake in the company through block deals Thursday, documents reviewed by ET showed. The shares will be sold at a floor price of ₹258.50 a share, which translates into more than a 5% discount to Wednesday's closing price of ₹272.80 on the National Stock Exchange.

Link Group will plummet to a bottomline loss of $418 million in the 12 months to June 30 because of heavy one-offs and provisions stemming mainly from a messy exit from a troubled United Kingdom business.

Gabby Windey openly discussed being in a relationship with a woman for the past few months. The 32-year-old Bachelorette alum made this revelation on 'The View' over a year after her split from fiancé Erich Schewer in November 2022. Gabby expressed her desire to live authentically and share her truth, which is why she had been more private about her new relationship, considering it a significant and important conversation to have. Following the interview, Gabby took to her Instagram and posted a series of photos with her girlfriend, comedian Robby Hoffman, confirming the news further. She captioned the pictures, stating, «Told you, I'm a girls' girl,» and even shared an intimate photo of herself and Robby on her Instagram Story. Gabby explained that she came to the realization of her desire to date women after a hectic period that included her time on The Bachelorette and Dancing With The Stars. The process of self-discovery and embracing her truth involved working through some challenging emotions. When asked about her feelings after sharing the exciting news, Gabby expressed that coming out felt like a «weight lifted», and she was delighted to share this part of her life with her fans. inquired about Gabby's future dating preferences, to which she sweetly responded that she believes her girlfriend might be the one for her. Having started her journey in «The Bachelor» franchise during season 26 as a co-runner-up to Clayton Echard, Gabby later appeared as a co-lead in season 19 of The Bachelorette, where she got engaged to Erich, who was unaware of her current relationship with a woman. Unfortunately, the engagement ended less than two months after it began.

Kylie Jenner and Timothée Chalamet are still very much a couple, contrary to recent reports suggesting they had ended their relationship. Despite not being seen together in public recently, sources close to the couple have assured TMZ that they are still together and the breakup rumors are false. The couple has been known to keep their relationship private, and since reports of their dating began circulating in early April, they have managed to keep most details of their romance away from the public eye. While there might not have been recent public appearances together, insiders have made it clear that everything is fine between them. TMZ's sources advised fans to be cautious about believing everything they read and clarified that Kylie and Timothée are indeed still a pair. So, it seems like the two stars are going strong despite any speculations suggesting otherwise. Before her relationship with Timothée Chalamet, Kylie Jenner was in an on-again, off-again romance with Travis Scott. The couple, who share two children, Stormi and Aire, started dating in 2017. After a brief split in October 2019, they reconciled in May 2021. In February 2022, Kylie and Travis welcomed their second child, Aire. Despite enjoying parenthood together, rumors of Travis having an affair began to circulate. Rojean Kar claimed that Travis pursued her shortly after Kylie gave birth to Aire. However, Travis vehemently denied these allegations. Despite his denial, the couple decided to end their relationship before the year's end, with reports of spending the winter holidays separately.

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

MUMBAI : Anil Agarwal’s Twin Star Holdings Ltd, a promoter entity of Vedanta Ltd, aims to sell a 4.3% stake in the Indian mining company for ₹4,136 crore as part of the billionaire’s plan to reduce debts and transform his Vedanta group into a pure-play green energy and non-ferrous business. According to the terms of a deal brokered by JP Morgan India Pvt. Ltd, Twin Star Holdings will sell 160 million shares in Vedanta to institutional investors at a minimum of ₹258.50 each, a 5% discount to Wednesday’s closing price of ₹272.15 on National Stock Exchange of India Ltd.