Google has signed an agreement to invest $4.5 billion (INR 33,737 crore) in Jio Platforms Ltd, taking a 7.73 percent stake in the company, pending regulatory review in India. This is the first investment from the Google For India Digitization Fund announced earlier this week, which aims to accelerate India’s digital economy over the next […]
NFL, Oakley to come out with face shields to protect players
The NFL and Oakley have partnered to ensure player safety amid the coronavirus pandemic by creating face shields for the players’ helmets. The NFL and the players’ union agreed to several protocols in a 42-page document last week, including team travel, media and treatment response. They have also updated the facilities protocol, specifically addressing training […]
Saudi Arabia cancels BeIN’s broadcast license permanently
Saudi Arabia has banned the licence of Qatari broadcaster beIN Sports, which has been barred from broadcasting in the Kingdom since mid-2017 due to a dispute with Qatar. The General Authority for Competition (GAC) said: “The GAC had conducted inquiries and investigations regarding complaints filed against BeIN Sports. The result of such investigation have been […]
Flipkart raises $1.2bn equity round from Walmart to power e-commerce in India
Flipkart Group closed an additional $1.2 billion equity round to support continued development of its eCommerce marketplace as India emerges from the Covid-19 crisis. The investment is led by Walmart, Flipkart Group’s majority owner, along with a group of existing shareholders and values the company at $24.9 billion post-money. It will be funded in two […]
Diageo creates a 100% plastic free paper-based spirits bottle
Diageo has created the world’s first ever 100% plastic free paper-based spirits bottle, made entirely from sustainably sourced wood. The bottle will debut with Johnnie Walker, the world’s number one Scotch Whisky, in early 2021.It has been created through a new partnership with Pilot Lite, a venture management company, to launch Pulpex Limited, a new […]
Sponsorship in Sport: Is the True Cost of Covid-19 Even Money?
Sponsorship deals play a vital role in the world of sport. The financial backing of individual performers and teams from brands is paramount to the long-term survival of sports we know and love. But the coronavirus pandemic has thrown a proverbial spanner in the works for brands who heavily invest in athletes, teams, and events […]
Hero MotoCorp named as the title partner of Hero Open
Hero MotoCorp has been announced as the Title Partner of the Hero Open – the second of six events in the European Tour’s new UK Swing. Originally announced as the English Open, the newly named Hero Open takes place at the Marriott Forest of Arden, Birmingham, England from July 30 – August 2. The announcement […]
FIBA Esports Open clock over 5 million social media views
FIBA Esports Open 2020 gauged over 5 million social media views just on the FIBA social media channels and National Federations. Spain alone generated 2.1 million impressions, 1.7 million views and 9.8 million viewed hours while reaching 1.4 million unique viewers just on their Twitter account. Since the conclusion of the inaugural event, FIBA now […]
Manchester City’s two-year ban overturned by CAS
Manchester City’s two-year ban from the Champions League for the breach of Uefa’s financial fair play rules has been overturned by the court of arbitration for sport (CAS). The CAS panel further reduced the club’s fine to €10m (£9m) from €30m. In 2014, City were fined £49m by UEFA – £32m of which was suspended […]
Google to invest $10bn in India Digitization Fund to accelerate India’s digital economy
Google CEO Sundar Pichai has announced a $10 billion Google for India Digitization Fund to help accelerate India’s digital economy. Today, 26 million SMBs are now discoverable on Search and Maps, driving connections with more than 150 million users every month. What’s more, small merchants across the country are now equipped to accept digital payments. […]