In a significant push to popularise cricket in the US, a $120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country's first-ever professional T20 league.
Infinite Computer Solutions, on Monday announced it has secured $6 million in funding led by the Singapore-based equity investment firm WhiteRock Partners, and said it planned to recruit 600 IT professionals in India before March end.
Infinite Computer Solutions is hiring. Sunder Rajan, ICS' general manager, human resources, profiles the kind of candidates they are looking for.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
As many as eight companies have completed their share buyback plans in the first quarter of 2014-15, purchasing stocks worth nearly Rs 222 crore (Rs 2.22 billion) which is 75 per cent of the collective target.
Top shuttlers, including Olympic champion Carolina Marin of Spain and Rio silver medallists P V Sindhu, will be for grabs when the high-profile Players' Auction for the lucrative Premier Badminton League (PBL) gets underway in New Delhi on Wednesday. Besides Marin and Sindhu, Olympic bronze winner Viktor Axelsen of Denmark will be among the 16 Olympic medallists who have confirmed their participation at the second edition of the event to be held from January 1 to 14.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Olympic champion, Spain's Carolina Marin turned out to be the costliest buy of the second edition of the Premier Badminton League (PBL), while Kidambi Srikanth fetched the highest amount by an Indian at the players' auction, in New Delhi on Wednesday.