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News on Medial
Atomberg Tech joins as BCCI’s official partner for 2024-26 cricket season
Inc42
·
1y ago
Medial
Atomberg Technologies has become the official partner of the Board of Control for Cricket in India (BCCI) for the 2024-2026 cricket season. The home appliances manufacturer has signed a three-year deal with the BCCI, with the partnership starting from the upcoming T20 series against Afghanistan. Meanwhile, beverage brand Campa has also joined as an official partner of the BCCI for the matches. Atomberg recently ventured into smart locks and other home appliances and reported a net loss of INR 138.35 Cr in FY23.
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Puma India inks multi-year kit sponsorship deal with Delhi Capitals
Thehindubusinessline
·
1y ago
Medial
Sports brand Puma India has partnered with Delhi Capitals as the official kit partner for the WPL and IPL season. Puma's logo will be featured on the jerseys of both the men's and women's teams of Delhi Capitals, along with other training wear and accessories. This collaboration further strengthens Puma's presence in Indian cricket, as they are already the kit sponsor for Royal Challengers Bangalore. Puma has also associated with Bengaluru Football Club, which is owned by Delhi Capitals' parent company, JSW.
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NCLT admits BYJU’S corporate insolvency resolution process following BCCI’s plea
YourStory
·
1y ago
Medial
The National Company Law Tribunal (NCLT) has admitted the petition filed by the Board of Control for Cricket in India (BCCI) to initiate insolvency proceedings against Think and Learn Pvt Ltd, the parent company of BYJU'S. The NCLT order establishes the existence of a debt and default, allowing the initiation of the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. Pankaj Srivastava has been appointed as the interim resolution professional. Further details are awaited.
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Games24x7's five-year IPL deal is a long-term growth strategy for brand, says Saroj Panigrahi
Money Control
·
1y ago
Medial
Games24x7's My11Circle emerged as the official fantasy sports partner for the Indian Premier League (IPL) this year, surpassing Dream11 for a 5-year partnership. With a three-fold increase in marketing investment, the company aims to capitalize on the opportunity by fostering a stronger connection with cricket enthusiasts and enhancing the user experience on their My11Circle platform. My11Circle plans to engage with fans by offering additional avenues to interact with the tournament and showcase their cricket skills. The company's IPL campaign focuses on celebrating the love for the game and providing users with rewarding experiences.
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Byju’s says it’s in talks with BCCI to settle pending insolvency issue
Livemint
·
1y ago
Medial
Ed-tech firm Byju's is currently in discussions with the Board of Control for Cricket in India (BCCI) to resolve an insolvency matter filed against the company. The BCCI had filed an application against Think & Learn Pvt Ltd, the operator of Byju's, for defaulting on dues related to sponsorship rights of the Indian cricket team's jerseys. Byju's, which has been a partner of the Indian cricket team since 2019, is seeking to settle the matter with the BCCI as it faces challenges to raise funds and make payments to former employees.
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Shark Tank India: After Oyo's Ritesh Agarwal, Zomato's Deepinder Goyal joins judges panel
Economic Times
·
1y ago
Medial
Zomato founder and CEO Deepinder Goyal has joined the panel of business reality TV show "Shark Tank India 3." The official Twitter handle of the show announced Goyal's participation. Last week, Oyo founder and CEO Ritesh Agarwal was also announced as a new "shark" for the upcoming season. They will join other judges, including Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, and more. Goyal expressed his eagerness to learn and contribute on Twitter. The show features entrepreneurs seeking investments from these "sharks" for their business ideas.
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Legends League Cricket raises Rs 39 Cr from Dubai-based Brickwork
Entrackr
·
11m ago
Medial
Legends League Cricket (LLC), the cricket league featuring senior cricketers, has raised Rs 39 crore from Brickwork at the valuation of Rs 350 crore. The proceeds will be allocated towards expansion plans, LLC said in a press release. Co-founded in 2021 by Raman Raheja and Vivek Khushalani, the league has six franchises, including India Capitals, Gujarat Giants, Bhilwara Kings, Manipal Tigers, Urban Risers Hyderabad, and Southern Superstars. The league is backed by investors like Vikram Singhania, Jayant Davar, Sanjay Gupta, and Arvind Singhania. The upcoming season of LLC is a franchise format, featuring six teams composed of renowned cricket legends. Among the players expected to participate are Ross Taylor, Irfan Pathan, Harbhajan Singh, Aaron Finch and Chris Gayle. Legends League Cricket (LLC) 2024 is scheduled from September 11 to October 5, 2024, with matches, which will be held in both India and Qatar. The platform says that it has reached an impressive 1.56 billion viewers globally previous year and aims to captivate even more fans. With an expanded lineup of 34 matches featuring cricket legends, it aspires to build a landmark season, enhancing cricket’s festive spirit in the region.
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Glenn Maxwell joins as investor in Drive FITT
Entrackr
·
4m ago
Medial
Drive FITT, a membership-based sports club designed around cricket, fitness, and recovery with cutting-edge technology, has raised an undisclosed amount from Australian cricketer Glenn Maxwell. Bollywood actress Preity Zinta and Indian cricketer Shubman Gill joined as co-founders of DRIVE FITT to empower the Indian fitness market back in July 2024. Co-founded by Preity G Zinta, Shubman Gill, Mark Sellar, Deke Smith, and Vikram Aditya Bhatia, Drive FITT integrates the sport of cricket, fitness, and recovery, enhancing performance and wellness with real-time data tracking and personalized training experiences. The platform offers access to cricket training, advanced performance tracking, and recovery programs. "Joining the Drive FITT team is exciting for me. Cricket, fitness, and recovery have been essential to my journey, and this concept brings them together uniquely and innovatively. I'm looking forward to contributing my experience and helping shape a space that supports athletes at every level,” said Glenn Maxwell. With this investment, Maxwell will play an active role in shaping Drive FITT’s vision by contributing his expertise to training methodologies and player development. His commitment extends beyond financial support—he will also engage in brand advocacy, develop training content, and leverage his on-field experience to enhance the facility’s offerings. According to market research, the Indian fitness market is estimated to reach approximately $9.5 billion by the end of this year. DRIVE FITT provides different membership options, including monthly, quarterly, half-yearly, annual, and family memberships, alongside a daily pass. The daily pass will cost around Rs1,000, while monthly memberships start at Rs 7,000, and yearly memberships can reach up to Rs 35,000. Family memberships will be available for two adults and one or two children.
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Apple sues YouTuber Jon Prosser over iOS 26 leaks - The Economic Times
Economic Times
·
20d ago
Medial
Apple has filed a lawsuit against YouTuber Jon Prosser and Michael Ramacciotti for allegedly leaking details about the unreleased iOS 26. Apple accuses Ramacciotti of accessing information from a friend’s phone, an Apple employee, and sharing it with Prosser, who then featured the leaks on his YouTube channel. Prosser, known for sharing tech leaks, denies wrongfully participating in leaking iOS 26’s details, including its new features, ahead of the official release.
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India's sugar output seen rising 18 pc to 34.9 million tonnes in 2025-26: ISMA
Economic Times
·
8d ago
Medial
India's sugar production is forecasted to rise by 18% to 34.9 million tonnes for the 2025-26 season, according to the Indian Sugar and Bio-energy Manufacturers Association (ISMA). The increase offers a potential export opportunity of 2 million tonnes. Sugar production for the current 2024-25 season is estimated at 26.1 million tonnes. There's also potential for a higher diversion of sugar for ethanol production, with expected increases in key states like Uttar Pradesh, Maharashtra, and Karnataka.
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Atomberg surpasses Rs 1,000 Cr in revenue in FY25
YourStory
·
4m ago
Medial
Atomberg Technology, a consumer appliances brand, achieved over Rs 1,000 crore in revenue for the financial year 2024–25. Co-founder Sibabrata Das attributed this success to the team's ability to overcome uncertainties. The company previously reported Rs 848 crore in revenue for FY24, a significant increase from FY23, and reduced its losses by 31%. Atomberg, founded in 2012, specializes in energy-efficient products and recently raised $86 million in a funding round.
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