Latest news with #SunGroup
Crypto Insight
4 days ago
- Business
- Crypto Insight
Vietnam deploys national blockchain for identity and records
Vietnam launched a national blockchain platform designed to serve as the backbone for its expanding digital ecosystem. On Friday, Vietnam announced the state-run blockchain network, which will verify digital transactions and records across different sectors. The new platform, NDAChain, was developed by the country's National Data Association (NDA) and will be operated by the Ministry of Public Security's Data Innovation and Exploitation Center. The government said NDAChain will address long-standing challenges of centralized data models, including cyberattack vulnerabilities, scalability and limited global integration. NDAChain 'critical' to the local digital economy Nguyen Huy, the head of technology at the NDA, said that the blockchain will be a protective layer for the nation's live data. He said it will be 'critical' to their digital society and economy. The announcement also said the blockchain will offer a 'decentralized layer of trust' for national systems, including e-government, finance, healthcare, logistics and education. However, Huy said the network is not fully decentralized. 'Vietnam has chosen a hybrid data architecture that blends centralized and decentralized components,' Huy said. NDA said the network is a layer-1 permissioned blockchain, with 49 public-private validator nodes. State agencies, including the NDA and the Ministry of Public Security, will operate these nodes. Companies like SunGroup, Zalo, Masan, MISA, Sovico and VNVC will also play a role in securing the network. Permissioned blockchain networks are blockchains that include access control layers. This allows entities to have some measure of control over what actions network participants can perform. It adds a layer of security and control, making the blockchain centralized. These node operators will share a distributed ledger for transaction records, smart contracts for automation and identity verification modules linked with Vietnam's national identity systems. The platform runs on a Proof-of-Authority (PoA) consensus protocol, enhanced with zero-knowledge proofs for security. Vietnam adopts a decentralized identity solution In addition to transaction data, the NDAChain will also power NDA DID, a decentralized identity solution implemented by the NDA. It will be used to verify counterparty identity during transactions and allow service access and digital contract signing. The Vietnamese government said the NDAKey application will allow users to verify identities in seconds, aiming to prevent scams and digital identity theft.
New Indian Express
21-07-2025
- Business
- New Indian Express
Sun TV acquisition of Northern Superchargers: A strategic analysis
CHENNAI: Sun TV's acquisition of the Northern Superchargers is a strategic move that strengthens its growing portfolio in the sports and entertainment space, creating synergies across brand identity, media rights, and cricket operations, according to analysts tracking India's media, entertainment and sports industry. Sun TV Network, through its parent company Sun Group, has acquired full ownership of the Northern Superchargers, a franchise in England's The Hundred cricket league, for approximately £100 million (around ₹1,050 crore). The acquisition includes both Yorkshire County Cricket Club's 51% stake and the England and Wales Cricket Board's (ECB) 49% share. This marks Sun Group's third major franchise investment after Sunrisers Hyderabad in the Indian Premier League (IPL) and Sunrisers Eastern Cape in South Africa's SA20 league. 'It represents a bold step toward establishing a unified global presence in the evolving world of T20 franchise cricket, while also offering financial and structural support to English domestic cricket,' said a senior analyst at a foreign brokerage firm, speaking to The New Indian Express. The move further strengthens Sun Group's 'Sunrisers' brand across key geographies and formats, enabling a cohesive global identity across India, South Africa, and the UK, the analyst added, requesting anonymity as he is not authorised to speak on specific clients. As one of India's leading broadcasters, Sun TV can also leverage this acquisition to develop exclusive sports content, enhance digital streaming opportunities, and monetise media rights across three major cricket markets. This cross-league presence enhances the brand's appeal to sponsors and advertisers, noted a senior sports analyst. With franchises in three premier leagues, Sun Group now has the opportunity to develop a global talent ecosystem—rotating players, coaches, and support staff across teams, while standardising scouting systems and performance analytics, said a well-known commentator and analyst with a leading sports network. According to industry reports, Sun TV Network becomes the first IPL franchise owner to fully acquire a team in The Hundred. The move reflects a growing trend of IPL stakeholders expanding their footprint across global T20 and franchise-based leagues, including SA20, Major League Cricket (USA), ILT20 (UAE), and the Caribbean Premier League (CPL). The acquisition also signals rising Indian influence in global cricket and sets a precedent for deeper international integration of franchise ecosystems. From an operational standpoint, the acquisition offers the potential for strong synergies. Centralising back-end functions such as marketing, logistics, and data analytics across franchises can help reduce costs and improve coordination. Sun's operational expertise from managing IPL and SA20 teams could also be applied to optimise performance in The Hundred. However, the integration is not without challenges. Merging an IPL-style franchise model with the UK's distinct cricketing traditions and regulatory framework may present both operational and perception-related hurdles. Balancing the local identity of the Northern Superchargers with the broader Sunrisers brand will require careful messaging and engagement with English fans. Moreover, with a significant investment of £100 million, achieving long-term returns will depend on factors such as on-field performance, market expansion, and successful monetisation of media and sponsorship opportunities. The deal is subject to final approvals and must navigate regulatory scrutiny from the ECB as well as international sports governance norms.
India.com
01-07-2025
- Entertainment
- India.com
Kavya Maran hits back at trolls, SRH owner says 'the cameraman always...'
Image credit: X (Formerly Twitter) In these collection of pictures, we find out all about Sunrisers Hyderabad owner Kavya Maran's reply to trolls and opinions about her viral memes. Image credit: X (Formerly Twitter) Kavya Maran is owner of Sunrisers Hyderabad team in IPL. SRH, who reached the final in 2024, finished in 6th place in the Points Table in the IPL 2025 season. Image credit: X (Formerly Twitter) Kavya Maran is daughter of Sun Group owner Kalanithi Maran. She has been involved in running of SRH since Sun Group bought the team in 2013. Kavya was only 21 years of age and fresh out of college then. Image credit: X (Formerly Twitter) Kavya Maran holds an MBA degree from New York University's Stern School of Business. She completed her schooling from Chennai. Image credit: X (Formerly Twitter) Kavya Maran is Executive Director in Sun Group. She was inducted as Additional Director in 2019 and promoted to the post of Executive Director. Image credit: X (Formerly Twitter) Kavya Maran is head of sports division of Sun Group. It owns the IPL franchise Sunrisers Hyderabad. In 2022, Sun expanded its cricket presence into South Africa's SA20 League with Sunrisers Eastern Cape. And earlier this year, it bought the Yorkshire-based Northern Superchargers in the UK's The Hundred league. Image credit: X (Formerly Twitter) Kavya Maran had a fitting reply for trolls about her viral memes. "Those are my raw emotions that you're seeing because my job has brought me to the point that I have to put myself out there. In Hyderabad, I can't do anything, I have to sit (there). That's the only place I can sit. But even when I go to Ahmedabad or Chennai, and I'm sitting many feet away, somewhere in the box, the cameraman manages to find me," Kavya said in an interview to Fortune India. Image credit: X (Formerly Twitter) Kavya Maran has reported net worth of Rs 400 crore. "When it comes to Sunrisers, I genuinely wear my heart on my sleeve. I think when you put your heart and soul into something, you naturally tend to get very personally attached to its successes and failures," Kavya said.
News18
01-07-2025
- Entertainment
- News18
Kavya Maran On Her IPL Memes: 'Even If I Sit Many Feet Away, The Cameraman...'
Last Updated: Kavya Maran explains her viral reactions during IPL matches, citing her deep attachment and the cameramen's eagerness to find her from anywhere. Businesswoman Kavya Maran, the CEO and co-owner of the Sunrisers Hyderabad (SRH) franchise, has said she understands why her animated reactions during IPL matches, which get caught on camera and end up becoming memes on the internet. She said she has put her 'heart and soul' into SRH and is 'personally attached' to its results on the pitch, which the broadcasters' cameramen make sure to hound and capture. Kavya is the daughter of Sun Group chairman Kalanithi Maran. She became an internet sensation overnight in 2023 by leading SRH's charge in the IPL auction. Since then, she's been present at the ground for almost all of SRH's matches, and her reactions to moments on the field rapidly go viral on social media. 'Those are my raw emotions that you're seeing because my job has brought me to the point that I have to put myself out there," Kavya said in an interview with Fortune India. 'In Hyderabad, I can't do anything; I have to sit there. That's the only place I can sit. But even when I go to Ahmedabad or Chennai, and I'm sitting many feet away, somewhere in the box, the cameraman manages to find me. So, I understand how it becomes memes." 'When it comes to Sunrisers, I genuinely wear my heart on my sleeve. I think when you put your heart and soul into something, you naturally tend to get very personally attached to its successes and failures," she added. SRH have one IPL title to their name — 2016. They have had quite a roller coaster journey under Kavya's tutelage. In 2023, they finished last in the points table, despite building a solid team. In 2024, they went in the opposite direction, qualifying in second and reaching the final. This year, they ended mid-table, winning six of their 14 matches and being out of the playoff race quite early. Kavya also overlooks the Sunrisers Eastern Cape franchise in the South African competition, SA20. There, they are the most successful franchise, having won the first two seasons in 2023 and 2024 under Aiden Markram's captaincy. First Published:
India.com
22-06-2025
- Business
- India.com
Dispute between Dayanidhi Maran and Kalanithi Maran is worth Rs...; who is richer among the two brothers?
Dayanidhi Maran has accused Kalanithi Maran of fraudulently acquiring 12 lakh shares of Sun TV network in 2003. DMK MP Dayanidhi Maran has sent a legal notice to his elder brother Kalanithi Maran– the billionaire chairman and founder of Sun Group, one of India's largest media conglomerates– alleging that Kalanithi committed fraud in 2003, when he received 12 lakh shares of the Sun TV network, allegedly without the board's approval. How much money is dispute worth? In the legal notice, Dayanidhi Maran claimed that before the share transfer, Kalanithi Maran did not have single share of the company to his name, but fraudulently managed to acquire 12 lakh equity shares without board approval. At the time, Sun TV shares traded at Rs 10 apiece, and the company were valued at around Rs 3000 crore. Thus the dispute between the Maran brothers is worth Rs 3000 crore. Dayanidhi alleges that in 2003, immediately after the demise of their father, Murasoli Maran, Kalanithi fraudulently registered 12 lakh shares in his name, when the family was still in mourning. Kalanithi allegedly flouted corporate laws and transferred the shares without permission from the company's board. As per Dayanidhi's notice, Kalanithi Maran has received Rs 5,926 crore as dividend in 20 years, including Rs 455 crore in 2024 alone. Who are the Sun TV stakeholders? In his notice, Dayanidhi asserted that after their father's demise, both brothers should have received and equal 50-50 stake in the company, but Kalanithi fraudulently transferred 12 lakh equity shares to his name, which gave him a 70 percent ownership in the business. His stake has currently expanded to 75 percent. Former Union Minister and DMK leader Murasoli Maran, launched TV Network in 1993, which currently operates 37 satellite channels, ranging from entertainment to news and infotainment, reaching around 14 crore viewers across the country. Over the years, the Sun Group has also expanded into radio, newspapers and DTS broadcasting. Currently, the market cap of the Sun TV network is pegged at around Rs 24,000 crore. Dayanidhi Maran or Kalanithi Maran– who is wealthier? According to Forbes, Sun Group chief Kalanithi Maran has a net worth of $2.8 billion, making him richer than his brother Dayanidhi Maran, at least on paper. Additionally, Kalanithi Maran's daughter, Kavya Maran, owns the Sunrisers Hyderabad IPL franchise, and the Maran family recently acquired a county cricket team in England for Rs 1,094 crore. Kalanithi receives an annual package of Rs 87.50 crore from Sun TV Network, while his wife Kaveri Maran, who is an executive director in the company, also gets an annual package of Rs 87.50 crore. In contrast, Kalanithi's younger brother, Dayanidhi Maran, has total assets worth Rs 11.67 crore, in addition to a bank balance of Rs 2 crore, and gold worth Rs 50 lakh, according to mandatory declarations he made ahead of the 2023 state polls. Further, Dayanidhi has invested Rs 60 lakh is shares of a few companies, and has Rs 2 lakh in PF account and an L&T policy of Rs 6 lakh. According to details, the DMK leader has movable assets worth Rs 3.65 crore and a 3,000 square feet land in terms of immovable property.
