Indian cricket is finding itself in a tight spot right now but its position as the Number 1 sport in India is not under any threat. While other sports are becoming popular with some advertisers, no brand manager can afford to look away from cricketers.
Himani Chandna Gurtoo reports.
Hit wicket, but far from out
Indian-American tech tycoon Vivek Ranadive has become the majority stakeholder in the NBA’s Sacramento Kings and will keep the team in the California capital.
Tata Motors today said it has raised 350 million Singapore dollars (about
Rs. 1,525 crore) through issue of securities in Singapore, mainly for redemption of preference shares.
Diversified business conglomerate ITC today posted a 19.4% year-on-year rise in its net profit for three months from January till March 2013 to R1,927.98 crore, from Rs. 1,614.36 crore during the same period last year, driven by robust performance in cigarettes, FMCG and agriculture businesses.
Hyderabad-based technical publishing and events firm OMICS Publishing Group has moved to sue a Colorado University faculty member seeking damages worth $1 billion (Rs 5,400 crore) after his blog posts questioned the credentials of its scientific publications.
Yahoo! has begun talks with the popular blogging platform Tumblr about an acquisition or strategic alliance, the technology website AllThingsD reported today.
The country's largest cigarette maker, ITC Ltd, posted a 19.5% jump in quarterly net profit on Friday, meeting market expectations. ITC said net profit rose to 19.28 billion rupees ($352 million) for the quarter ended March 31.
Shares in JM Financial Ltd rose as much as 10% at the pre-open today after the company said yesterday former Citigroup chief executive Vikram Pandit was buying a stake in the Indian financial services company.
A $1.6-billion writedown of its goodwill and assets in its European operations last Monday has triggered fresh speculation that Tata Steel is poised to divest more assets and factories in Europe.
HT reports.
The sell-off chorus gets louder
It was a tough quarter for Wal-Mart Stores Inc. The world's largest retailer reported today that its first-quarter profit edged up slightly, but the company struggled with a sales slump in its namesake business.
A federal judge in Kansas City, Kansas, ordered Dow Chemical Co to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents.
A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.
Heineken UK has acquired a 3.21% stake in Vijay Mallya’s flagship United Breweries, which owns best-selling beer brands such as Kingfisher and Zingaro, among many others, the company said in a regulatory filing with the Bombay Stock Exchange.
Subway, the US-based restaurant chain, is now looking at increasing its vegetarian options to suit the Indian palate in a plan to grow the number of outlets to 4,000 over a decade from the current 350,
Rachit Vats reports.
The Audit Bureau of Circulations (ABC) on Wednesday released the circulation figures for the period of July–December, 2012. Average certified copies of Hindi language dailies was over 15 million and together with weekly newspapers and magazines it was over 17 million.