Budget 2017: From highway to e-way media sector searches for sops
MUMBAI: The Indian government today unveiled a roadmap for financial year 2017-18 that covers areas from “highways to
MUMBAI: Vijay Mallya Formula One venture Force India is all set to get a 50 million pound fund infusion following its strong showing on the grid this year.
"We had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a 50 million pound capital investment programme for the team," Mallya who is the team principal said in a preview for Sunday?s season-ending Brazilian Grand Prix.
Mallya did not give any details about the time frame for the latest investment.
"We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid," he added.
Liquor baron Mallya is principal of the Silverstone-based team that has Subroto Roy-promoted Sahara Group as a stakeholder.
Sahara had last year invested $100 million in Force India for a 42.5 percent stake. As per the deal, the money would be paid in three tranches over three years with the final instalment due in 2013.
MUMBAI: Faced with liquidity crunch, the owners of Royal Challengers Bangalore and Deccan Chargers have defaulted on salary to players.
Incidentally, the two teams have been put on the block by their owners Vijay Mallya-owned UB Group and Reddy family owned Deccan Chronicle Holdings, which publishes Deccan Chronicle.
According to reports, South African players like Dale Steyn, JP Duminy and Juan Theron are yet to get full fees and only received part payment. All the three players belong to Deccan Chargers.
RCB?s foreign players like captain Daniel Vettori, AB de Villiers and all-rounder Andrew McDonald are believed to have not been paid, along with some members of the support staff.
The domestic Indian players of both Deccan Chargers and Royal Challengers Bangalore are also bearing the brunt.
"Nobody has come back to us, to let us know what is going on. The people, at the moment, are in the dark," a player had been quoted as saying.
According to the agreement signed between the player, the franchise and the IPL, the player receives 15 per cent of his fee for the season by 1 April (before the IPL or early into it), 50 per cent by 1 May (during the IPL or towards its end), 20 per cent after the Champions League T20 and the remaining 15 per cent by 1 December.
MUMBAI: English GEC Big CBS Prime which targets upper class males has announced the launch of two new shows.
?Made to Order? and ?Big Style Icon? are tailored keeping in mind the infotainment preferences of men who live in style. The shows focus on the hottest properties in the Indian real estate market and a peek into the world of the elite, respectively.
?Made to Order? will take its viewers on a journey with a tour into the best real-estate properties money can buy.
Big Style Icons profiles the lavish lives of society?s elite and the brands which are their favourites. The show will feature the men who are known for their style quotient with hand-picked style icons which will see the likes of Vijay Mallya, Yash Birla, Shah Rukh Khan, MS Dhoni and Atul Kasbekar to name a few. The show will focus on an Icons? favorite brands, preferred machines, his style statement and his workout den.
"The properties offer a platform for marketers from the real estate, home fittings, high-end fashion brands and premium products, as the channel ensures reach to a large relevant audience base with minimal spill-over," the channel said.
The channel also airs shows like ?Survivor?, ?Hawaii 5-0?, and ?The 4400?. The two new shows are designed to give viewers an up-close and first-ever look into the lives of the rich and famous.
There will also be a multi-faceted promotional campaign for both these shows. The properties will be promoted and marketed across multi-media platforms of television, radio, OOH, print and social media platforms.
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