World Sport Group India (WSG), the sports marketing partner of the Board of Control for Cricket in India (BCCI), is in talks with three more sponsors, one each from the banking, petroleum and airlines industries to sign deals worth $200 million (about Rs 800 crore) for ground sponsorship of the Indian Premier League (IPL) matches. These sponsors will have an opportunity to exclusively advertise their brands on the grounds for five years.
Move aimed at reducing tax exemptions ahead of Budget 2008-09.
Most IPL team captains need to be told that respecting your people is not some fuzzy new-age management fad.
It is curious that while 'low cost' medium and fast bowlers have performed almost as well as their 'auctioned' counterparts, 'low cost' batsmen have been unable to match the performance of their more successful seniors
Jeev Milkha Singh retained his 60th place to remain the highest ranked Indian golfer but compatriot Jyoti Randhawa slipped two rungs to 108 in the latest world golf rankings issued on Monday.
Shane Watson currently tops the list, with Adam Gilchrist in second place. Michael Hussey and Matthew Hayden are still in the top 10 although they played just four matches.
Commercials aired during the original show time will also be re-run without charging advertisers additional fee, said sources. In other words, an advertiser will get three times more air time on Star Plus for the same amount it had paid originally.
"We are looking at how we can bring back skill sets developed by Indians overseas," Rajiv Singh, vice-chairman of DLF, said in an interview with the Financial Times. "Our desire is to have a very highly motivated and trained labour force come back and work for us."
After the playing ground and television, the marketing of the DLF Indian Premier League has moved to cyberspace. Some of the teams have drawn up plans to beef up their web presence with new interactive features. GMR Holding's Delhi Daredevils team plans to introduce a 3D interactive feature on its portal for e-learning in sports.
The consortium of Sony Entertainment Television and World Sports Group, which paid BCCI $60 million (Rs 240 crore) as the telecast rights fee for the first season of the Twenty 20 league has already recovered its money. Sony-WSG will together earn around Rs 380 crore (Rs 3.8 billion) worldwide from the league. Sony is confident of selling 11,800 seconds across 59 matches, at a premium. Vodafone, Godrej, Hyundai, Coca-Cola & Max New York and StanChart has already booked spots.
Having cleared over 200 special economic zone proposals, the Board of Approval will take up 46 fresh cases on Friday.
India's booming real estate sector has more than doubled the number of billionaires from this space in just 12 months, with DLF's Kushal Pal Singh emerging "the world's richest real estate developer." Among 54 Indian billionaires identified by Forbes magazine, there are seven real estate developers with a net worth of over a billion dollar each.
Marylebone Cricket Club and the DLF Indian Premier League on Wednesday announced a ground-breaking partnership to support the MCC Spirit of Cricket initiative at the inaugural season of the highly anticipated league to be held across eight cities in India between April 18 and June 1. The pioneering agreement will see each of the eight Indian franchises sign an MCC Spirit of Cricket Declaration at the opening ceremony.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In a notice to the stock exchanges a few days ago, DLF declared that it was going to consider international acquisitions and investments in development projects abroad. Ansals API tied up with Malaysia's UEM Group to form a 60:40 joint venture company, Ansal Api-UEM Contracts Pvt Ltd, which could bid for government projects in Malaysia, as also projects worldwide.
Powered by surging markets, seven companies, Reliance Communications (R-Com) and stock market debutant DLF among them, have joined the Rs 1 trillion (Rs 1,00,000 crore) club in terms of market capitalisation. New entrants are hard-core engineering and mining companies like National Mineral Development Corporation (NMDC) and Bhel - both in the public sector - and L & T. Bharti Airtel, SBI and ICICI Bank are other entrants.
Dinesh Karthik topped the bidding in the fifth round of the players' auction in the DLF Indian Premier League after Delhi bought him for US $5,25,000 ahead of South African veteran Mark Boucher. Boucher, one of the top wicketkeepers in world cricket and renowned for his hard-hitting batting, was second-best in the fifth round after Bangalore purchased him for US $4,50,000 against his base price of US $2,00,000, the same as Karthik.
South African all-rounder Jacques Kallis stole the show in Round 4 of the DLF Indian Premier League players' auction with a winning bid of US $9,00,000 by billionaire Vijay Mallya's Bangalore franchise. Kallis, who was priced at US $2,25,000, beat West Indies' dashing opener Chris Gayle, who was bought by Kolkata franchise for US $8,00,000.
Bharatiya Janata Party termed the Haryana government's approval to the land deal between Robert Vadra and DLF as its "parting gift" to the Gandhi family and questioned the Bhupinder Singh Hooda dispensation for displaying "haste" in clearing it.
The Board of Approval on Tuesday cleared 10 special economic zone proposals, including three Mukesh Ambani-promoted IT zones in Navi Mumbai.
High lending rates triggered by Reserve Bank's tight monetary policy have tranquilized the country's property market, but demand will surge once rates dip, real estate firm DLF Ltd's chairman K P Singh said on Tuesday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Most of the 30-Sensex constituents led by M&M, Adani Ports, BhartiAirtel, Bajaj Auto, Hero MotoCorp, ICICI Bank, Sun Pharma, Cipla, HDFC Ltd, ONGC and Hind Unilever were trading in negative terrain, falling by up to 5.77 per cent.
Designed in-house by Orra, a jewellery house that specialises in diamonds, the IPL trophy is pure bling.
The stock market rout has caused the country's five richest, led by Reliance Industries Chairman Mukesh Ambani, to lose more than $10 billion in just about a fortnight.
Puravankara Projects scores better than its peers on growth and profitability.
The Paisa Vasool Index takes a look at the fast and medium fast bowlers who provide the best value for money in the IPL.
Reliance Power is being touted as India's biggest ever IPO with an estimated size of over $3 billion, surpassing just over $2 billion raised by DLF. This would be the first ever IPO from Anil Ambani group after being carved out from the erstwhile Reliance empire in 2005.
If franchise owners like Mukesh Ambani, Vijay Mallya or Shahrukh Khan want real numbers to tell them which of their players have really been paisa vasool (good value for money) this index below provides the answers.
Even though IVR Prime appears way too expensive going by the price-earnings multiple, it is reasonably priced for its net asset value.
Shah Rukh Khan's Kolkata Knight Riders have signed on Zapak Digital Entertainment, a Reliance Anil Dhirubhai Ambani Group (ADAG) venture, to develop online games for them. As part of the exclusive one-year tie-up, Zapak will create a cricket gaming zone on the official website of the Knight Riders and is said to make an investment of Rs 1 crore (Rs 10 million) in the deal. The exact value of the deal is not known. The portal has already gone live with two games.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Vijay Mallya, whose team Royal Challengers will take on Shah Rukh Khan's Kolkata Knight Riders in the inaugural match in Bangalore, has already got busy counting the cash.
Golf Course Road in Gurgaon symbolises smart new India like almost everything does in this Haryana boom-town. Swish, glass-cladded IT, ITeS offices; big, and bigger, malls; and a series of premium, gated residential complexes along the broad, dusty avenues here -- DLF BelAir, Parsvanath PrideAsia, EmaarMGF's Palm Springs, etcetera, etcetera. It is thus only fitting that something called "Street of Dreams" should be located along this road.
As companies put up glitzy boards and promotional hoarding, residents have watched in horror as the strain of this development begins to affect their lives.
As many as 237 formally-approved zones are pending final notification, while another 81 fresh proposals are waiting to be approved.
Real estate developer BPTP Group has won the right to develop 94 acres of commercial land at Noida for Rs 5,006 crore. Country's largest realty company DLF and Omaxe were the other contenders. BPTP's winning bid was nearly 70 per cent more than the reserve price of Rs 2960 crore for the land parcel. The commercial complex at Noida will cater to the shoppers living along and commuting via the expressway. BPTP recently bought a 30 acres plot at Hyderabad for about Rs 666 crore.
The Sensex opened with a negative gap of 207 points at 9,084.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
The company proposes to issue 130 crore equity shares of Rs 2 each, which would constitute 11.5 per cent of its post issue share capital, Reliance Energy, the parent company, said in a filing to the Bombay Stock Exchange.
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