Four Indian Premier League (IPL) franchise owners were on Wednesday confirmed as "strategic partners" by the England and Wales Cricket Board (ECB) for teams in 'The Hundred' and will gain operational control by October 1 this year.
Dravida Munnetra Kazhagam's Lok Sabha MP Dayanidhi Maran has accused his brother Kalanithi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action.
While GBP 50 million is earmarked for grassroots and recreational cricket, the 18 English county teams will get a share of GBP 470 million with larger pie allocated for those clubs that don't own a 'Hundred Franchise'.
At the start of the auction on Sunday, Punjab Kings had the highest funds at Rs 110.5 crore, which decreased to Rs 10.9 crore before Day 2 on Monday.
The Supreme Court on Friday got irked over a lengthy judgement penned by a single judge bench of the Delhi high court in a case related to an arbitral award involving media baron Kalanithi Maran and SpiceJet, saying there was no "application of mind". Suggesting that the case be now transferred to another judge by the Delhi HC, the top court said the judgement "has to be carefully articulated" and "the judge must apply mind to grounds of challenge and then deduce if interference is warranted". The strong observations against the single judge bench came from a bench headed by Chief Justice D Y Chandrachud during the hearing of an appeal by Kalanithi Maran and Kal Airways against a Delhi high court order setting aside an arbitral award asking the SpiceJet to refund Rs 579 crore plus interest to the media baron and his firm.
In a state that usually plumbs for a Dravidian major, three candidates have a chance of delivering for the BJP, observes A Ganesh Nadar.
The owners of IPL team Sunrisers Hyderabad, Sun TV, on Monday donated Rs 30 crore towards COVID-19 relief work being undertaken by the state and central governments along with various NGOs.
The Delhi high court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. "Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.
A senior employee of a private television channel was arrested in Chennai on following a complaint of sexual harassment against him by a former woman staffer, police said.
India's richest businessman, Mukesh Ambani is ranked at 33 with a salary of Rs 15 crore (Rs 150 million) annually.
Sun TV's stock ended the day with a loss of 4.84 per cent at Rs 392.10 on the BSE. During the day, it lost 9.54 per cent to Rs 372.70.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
The Supreme Court on Tuesday said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes between them including the row over the share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices J K Maheshwari and Hima Kohli was apprised by senior advocate Mukul Rohatgi, appearing for SpiceJet, that there were three pending issues between the low-cost airline and Maran and out of these, one has been settled on July 29. Initially, Rohatgi sought four to six week time for settling all the issues between the parties.
The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
The Indian Premier League's Hyderabad franchise, now called 'Sunrisers', have appointed former Australia cricketer Tom Moody as the team's new coach, and former India cricketers Krishnamachari Srikkanth and VVS Laxman mentors.
"I have repeatedly said I have done no wrong. A case related to this had come up before the Supreme Court last year and was heard by a bench headed by CJI T S Thakur, who had remarked that this case was made out because of political reasons," Maran, who was telecom minister between 2004 and 2007, said.
The sixth edition of the Indian Premier League kicks-off on April 3, with defending champions Kolkata Knight Riders hosting Delhi Daredevils, at the Eden Gardens, in Kolkata.
Harish Kotian takes a look at how the teams stand ahead of the sixth edition of the Indian Premier League, which commences on April 3
The sixth edition of the Indian Premier League has reached the play-off stage. Mumbai Indians will take on Chennai Super Kings in the first play-ff match in Delhi on Tuesday, May 21.
Sun TV network won the Hyderabad franchise during the bid for a new Indian Premier League team, in Mumbai, on Thursday.
The sixth edition of the Indian Premier League kicks-off on April 3, with defending champions Kolkata Knight Riders hosting Delhi Daredevils, at the Eden Gardens, in Kolkata.
Kavery Kalanithi of Sun TV Group has retained her position as country's top paid business woman although her pay package declined to Rs 57 crore in 2012, according to Fortune magazine.
In his complaint filed with city police commissionerate, Nithya Atmaprabhananda, Manager of Nithyananda's Dhyanapeeta Charitable Trust, levelled charges, including extortion, criminal intimidation and assault, among others, against Saxena, his aide Ayyappan and Tamil bi-weekly Nakheeran Editor R Gopal, among others.
With prices of new franchises dropping, the team valuations, instead of going up, seem heading south. One major reason for that could be the numerous issues the T20 league has faced over the years, and growing friction between franchises owners.
Sun TV network, the new owners of the Hyderabad IPL franchise, have been offered all the current players of the now-terminated Deccan Chargers, an official said on Thursday.
Tamil Nadu Chief Minister J Jayalalithaa on Wednesday demanded the resignation of Union Textiles Minister Dayanidhi Maran following reports that his family-owned Sun TV Network was a beneficiary of pay-offs by a Malaysian company, which benefited from equity sold by Aircel.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
The government on Tuesday faced fresh attack from the Opposition on corruption when the Bharatiya Janata Party asked Textiles Minister Dayanidhi Maran to answer charges that his family-owned Sun TV Network was a beneficiary of pay-offs by a Malaysian company which benefited from equity sold by Aircel.
Earlier, the film was to be produced by London-based Aingaran Films International (P) Ltd. Now, a press release from Sun TV Network Ltd -- one of India's largest entertainment conglomerate -- says that the movie division of Sun Pictures will produce Endhiran.
Aiming to acquire a controlling stake in SpiceJet, media magnate Kalanithi Maran on Monday launched an open offer to acquire an additional 20 per cent stake in the no-frill airline for an estimated Rs 479.29 crore (Rs 4.8 billion).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Members of the chief minister's family, including his elder son M K Azhagiri in the eye of a political storm following the attack on the Dinakaran office at Madurai, were seen in the gallery.
The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
Jahnavi Mehta. Kaviya Maran. Preity Zinta.
Maran had challenged the Madras High Court's July 25 decision setting aside a CBI court order discharging him in the case.
Thalaiva's name and photo will appear on the logo and label of the channel.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
Stocks of SpiceJet on Friday surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore (Rs 15 billion).
Impact of the slowdown is most visible among promoter/owner-CEOs
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
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