IPLचा मोठा धमाका! शेतकऱ्याच्या मुलाने ऑनलाईन जिंकले 4 कोटी रुपये, पण हातात किती येतील?
Ipl 2025 Dream11 Winner Up Farmers Son Mangal Saroj Win 4 Crore Gets 2 44 Crore After Tax Deduction
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
36 minutes ago
- Time of India
Royal Challengers Bengaluru stake sale on cards? Diageo weighs options in IPL winner RCB; may seek valuation of $2 billion
RCB, an original IPL franchise with Virat Kohli as one of its key players, was first owned by Vijay Mallya. (PTI photo) Diageo Plc is exploring options regarding its ownership of the Royal Challengers Bengaluru (RCB), the Indian Premier League cricket franchise, according to individuals knowledgeable about the situation. RCB achieved their maiden IPL victory recently. RCB, an original IPL franchise with Virat Kohli as one of its key players, was first owned by Vijay Mallya, who ran the now-defunct Kingfisher Airlines Ltd. that ceased operations in 2012. The team subsequently came under Diageo's ownership following their acquisition of Mallya's spirits operations. Diageo, the UK-based spirits company, has initiated consultations with potential advisers to evaluate various options, including the possible stake sale of a portion or the entirety of the club, according to a Bloomberg report. Through its Indian subsidiary, United Spirits Ltd., Diageo could value the franchise at approximately $2 billion, according to these individuals quoted in the report. The sources indicated that the final decision remains pending and the company might opt to retain ownership. On Tuesday morning, United Spirits' shares rose by up to 3.3% in Mumbai trading, reaching a five-month peak following reports of the potential transaction. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Good News: You May Be Richer Than You Think Undo These developments coincide with the Indian health ministry's efforts to prohibit the promotion of tobacco and alcohol brands in the IPL, alongside restricting sports personalities from indirect endorsement of other unhealthy products, the report said. In India, direct advertising of tobacco and alcohol products is forbidden, although companies like Diageo have marketed alternative products such as soda using prominent cricket players. The increasing value of IPL teams has transformed them into highly desirable sports investments. A potential sale could establish new pricing standards for future transactions in this rapidly expanding sports league. The IPL has developed into a significant entertainment and advertising platform, comparable to the National Football League and English Premier League in commercial value. Its condensed, three-hour matches attract vast audiences across India and internationally. Diageo faces challenges in its primary market, the US, where tariffs and reduced consumer spending affect premium spirits sales. A potential sale could provide capital whilst the company focuses on core operations and evaluates its global asset portfolio, the report said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
37 minutes ago
- Economic Times
United Spirits shares gain 3% on reports of potential RCB stake sale by parent Diageo
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of United Spirits Ltd (USL) jumped as much as 3.2% to hit a day's high of Rs 1,644 on the BSE in Tuesday's session, following a Bloomberg report that its parent company Diageo Plc is considering a potential stake sale in the IPL 2025-winning franchise, Royal Challengers Bengaluru RCB ).According to the report, Diageo is exploring various options for its ownership in the high-profile cricket team, which it controls through United Spirits. The British liquor giant is reportedly in discussions with advisers to evaluate the sale of either a partial or full stake in familiar with the matter indicated that Diageo may seek a valuation of up to $2 billion for the the deliberations are still at an early stage and no final decision has been made, the possibility of a stake sale has drawn strong market development comes amid rising regulatory scrutiny in India over the indirect promotion of alcohol and tobacco brands in sports. India's health ministry has been pushing to curb such promotions in the IPL, prompting companies like Diageo to reassess their brand exposure through sports ownership has had a storied past. Originally acquired by beer baron Vijay Mallya, the franchise became part of Diageo's portfolio following its acquisition of Mallya's spirits recently clinched its first-ever IPL title in 2025, a milestone that has significantly boosted the team's brand value and commercial news of a possible sale also comes in the wake of a tragic incident during RCB's victory celebration in Bengaluru, where a stampede led to the deaths of at least 11 people. The event has drawn criticism from local authorities, increasing pressure on the franchise's management and its corporate watchers believe that a sale could reshape IPL franchise valuations, especially given the league's meteoric rise as one of the fastest-growing sports properties in the world. The Indian Premier League is now valued at over $6.2 billion, with short-format matches drawing massive viewership both in India and Diageo, which is facing headwinds in its largest market, the U.S., due to slowing premium liquor sales and tariff impacts, a divestment could free up capital and help streamline its global operations.
Time of India
40 minutes ago
- Time of India
United Spirits shares gain 3% on reports of potential RCB stake sale by parent Diageo
Shares of United Spirits Ltd (USL) jumped as much as 3.2% to hit a day's high of Rs 1,644 on the BSE in Tuesday's session, following a Bloomberg report that its parent company Diageo Plc is considering a potential stake sale in the IPL 2025-winning franchise, Royal Challengers Bengaluru ( RCB ). According to the report, Diageo is exploring various options for its ownership in the high-profile cricket team, which it controls through United Spirits. The British liquor giant is reportedly in discussions with advisers to evaluate the sale of either a partial or full stake in RCB. Sources familiar with the matter indicated that Diageo may seek a valuation of up to $2 billion for the franchise. While the deliberations are still at an early stage and no final decision has been made, the possibility of a stake sale has drawn strong market interest. The development comes amid rising regulatory scrutiny in India over the indirect promotion of alcohol and tobacco brands in sports. India's health ministry has been pushing to curb such promotions in the IPL, prompting companies like Diageo to reassess their brand exposure through sports sponsorships. RCB's ownership has had a storied past. Originally acquired by beer baron Vijay Mallya, the franchise became part of Diageo's portfolio following its acquisition of Mallya's spirits business. RCB recently clinched its first-ever IPL title in 2025, a milestone that has significantly boosted the team's brand value and commercial appeal. The news of a possible sale also comes in the wake of a tragic incident during RCB's victory celebration in Bengaluru, where a stampede led to the deaths of at least 11 people. The event has drawn criticism from local authorities, increasing pressure on the franchise's management and its corporate stakeholders. Also read: Sebi probes Jane Street's derivative trades over 3 years: Sources Industry watchers believe that a sale could reshape IPL franchise valuations, especially given the league's meteoric rise as one of the fastest-growing sports properties in the world. The Indian Premier League is now valued at over $6.2 billion, with short-format matches drawing massive viewership both in India and internationally. For Diageo, which is facing headwinds in its largest market, the U.S., due to slowing premium liquor sales and tariff impacts, a divestment could free up capital and help streamline its global operations. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
