Will Ishan Kishan get Rs 15.25 crore for one year, or for three years? Do the players get their IPL payments, whether it is in full or in part, and what is the payment schedule? Harish Kotian/Rediff.com explains all you need to know about IPL player payments.
Worried about Shiv Sena's threat to Australia's cricketers, Ricky Ponting and his teammates may skip this year's Indian Premier League, according to media reports.
The promoters of King's XI Punjab have applied to the Cricket Board seeking permission to sell 93 per cent of their stake in the Indian Premier League franchisee and the matter would come up before the IPL's Governing Council meeting later this month.
Future Consumer Enterprise Ltd, the food and FMCG arm of Kishore Biyani-led Future Group, on Friday acquired south India-based convenience store chain Nilgiris for nearly Rs 300 crore (Rs 3 billion).
BCCI president Shashank Manohar on Wednesday made light of IPL Commissioner Lalit Modi's move for disclosing the ownership pattern of IPL franchisees, wondering what was he doing for the last three years.
Lalit Modi may now be a pariah in Board of Control for Cricket in India circles, but if Kings XI Punjab co-owner Ness Wadia is to be believed, the IPL franchisees still long for the league's suspended commissioner. Wadia spoke fondly of 'family friend' Modi, lamenting how he has been 'hung without trial' by the media and expressing confidence that 'he would be back soon'.
Summary of sports events and persons who made news on Friday
"The aim is to build a network of around 30,000 broadband kiosks across India within a period of two years. We will set up the kiosks through franchisee in rural areas," a senior BSNL official said on Monday.
Delhi Capitals badly missed Rabada's services in the game against CSK in Chennai on Wednesday, when they were handed a massive 80-run loss. It was the first time this season Rabada missed a game.
Organised players have been the biggest beneficiaries after the lockdowns were lifted. Given real estate is not as expensive now, players want to take advantage of the trend.
State run MTNL has taken to the franchise route to sell its 3G services in Delhi and Mumbai and has floated a global Expression of Interest for 3G Services Franchisee.
With a sum of US $13.59 million in their pockets, eight Indian Premier League franchisees will buy 17 players from a pool of 50 when the second edition of the players' auction gets underway in Panaji, Goa, on Friday. IPL chairman Lalit Modi revealed plans about extending the franchisees' catchment areas to neighbouring countries and announced that a 'One Over Eliminator' will replace the 'Bowl-Out' to determine the outcome of a tied match.
And despite a slowdown, media planners say advertisers are pouring in over Rs 600 crore (nearly half the ad budget for cricket in 2009). This represents a more than 10 per cent increase over last year's spends on television, co-branding of teams and marketing, among others.
"We plan to open another 50,000 exclusive outlets in rural areas by next year under the brand name 'ItzCash Point'and 'ItzCash World', besides opening franchisee network up to 12,000," ItzCash Vice-President, Marketing, Shekher Srivastava told PTI on Tuesday.
The league is expected to start on April 18, 2008 and will feature eight franchised city teams, who will compete for the grand prize of US $ 3 million.
The BCCI is looking at the September-October window for hosting the IPL, which has been postponed indefinitely due to the pandemic.
The Anil Ambani group company is in advanced talks with France Telecom for a branding, marketing and franchisee agreement. The company plans to launch the brand by the second quarter of FY09, according to sources close to the development. Initially, the Orange may be launched on RCom's CDMA network -- spanning across 23,000 towns and 5 lakh villages in India -- and later extended to its 8 GSM circles. The Indian company has a total of 44.5 million subscribers in India.
Several industry verticals such as food and beverage, education, fashion and tourism are leveraging their growth by franchising their products under various formats.
Bringing a local or non-Chinese partner onboard opens up the possibility of legal recourse to have the ban diluted or revoked. However, the process of going through a review committee and setting up local servers might take at least 3-6 months.
Smartron is part of a new wave of IoT startups.
The CEOs and owners, most of whom are yet to reach UAE, are also allowed in the bio-bubble but any SOP violation will send them into a seven-day quarantine.
International coffee chain Starbucks will send a revised application to the department of industrial policy and promotion for an entry into the Indian market.
'The way he has been interacting with everybody, be it the masseur or the assistant manager or the driver of the bus, or the new players who have not been part of the IPL before, he is making an effort to reach out to them and give them confidence.' 'That speaks a lot about the man that he is.'
Petroleum products company Shell India Marketing Pvt Ltd (Shell Marketing) said on Thursday that it would follow the "company-owned retailer-operated" model to set up a network of petrol pumps across the country.
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
The number of matches in the tournament will come down by 44 per cent, from 60 to 34, if the tournament is played among six instead of eight teams.
Earlier, there were reports about Pantaloon tying up with the Seattle-based coffee chain Starbucks for its India foray.
The duration of a game of cricket is set to shrink further with England and Wales Cricket Board planning an even shorter format where two teams will face 100 balls in an innings.
The Indian arm of the UK-based retailer for expecting mothers and kidscare Mothercare Plc is on an expansion mode in India.
Struggling batsman Virender Sehwag, who has not been retained by his IPL franchisee, is hoping that Delhi Daredevils will get him back in the side when the players' auction take places next month.
Smith, who is back in action after serving a one-year ban for his role in the ball-tampering scandal, has been made the leader of the team once again. The announcement was made ahead of Royals' clash against Mumbai Indians in Jaipur.
A combo pack of ITC-owned Aashirvaad atta and spices including chili, coriander and turmeric powders will be available on Domino's app. The service will be available in Bengaluru first and will then be expanded to Noida, Mumbai, Kolkata, Chennai and Hyderabad.
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore.
How to shield brand McDonald's? While consumers may have ignored the legal battles plaguing the franchise in north and east India, closure of restaurants is not something they are likely to ignore.
Wrapped in blue and orange wax paper, it's a familiar sight on the shelves of kirana stores across the country. Given how well travelled and mobile it is - starting its journey in Chennai, then turning to Singapore and now landing in Mexico - you could say it lives up to its name: Modern. Modern Food Enterprises, the company that manufactures and sells the bread in question as well as other bakery products under the "Modern" brand name, has recently been sold to the world's largest baking company, Grupo Bimbo, for an undisclosed amount. This latest transaction is the second change of guard at Modern within five years and third since the government divested the company at the turn of the century. At a time, when the National Democratic Alliance government has decided to privatise, or shut down, public sector enterprises except for those deemed strategic, Modern makes for a promising case study of how divestment led to the brand's growth, both in revenue and reach.
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