PremierLtd. News

Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter's stake was set to decrease to 66%. The company projected revenue growth driven by India's push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and internal accruals.

Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter's stake was set to decrease to 66%. The company projected revenue growth driven by India's push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and internal accruals.

Disney+ Hotstar launched 4K streaming for select matches of the Premier League 2024/25 season for premium subscribers in India. Starting with Manchester United vs. Fulham on August 17, the platform will broadcast over 100 games in 4K. The season runs from August to May with both weekend and midweek fixtures.

Manchester United fell deeper into the red in the third financial quarter of a tough season, with the English Premier League club confirming job losses on Wednesday and an increase in ticket prices.

United Spirits (USL) saw a significant boost in net profit in 2023-24, with about 16% attributed to its cricket team, Royal Challengers Bangalore (RCB), whose revenue more than doubled. RCB's revenue surged to Rs 650 crore, with a net profit of Rs 222 crore, largely due to increased central rights income from the BCCI. USL, the largest liquor maker in India, reported sales of Rs 25,724 crore, with a net profit of Rs 1,312 crore.

Oregon State University (OSU) is seeking partnerships with Indian Institutes of Technology (IITs) and Indian Institute of Information Technology (IIITs). OSU president Jayathi Y Murthy announced they will visit IIT-Kanpur, IIT-Delhi, IIT-Madras, IIT-Hyderabad, and IIIT-Hyderabad to find research commonalities in AI and sustainability. The collaboration aims to enhance academic exchanges tackling challenges like AI and climate research.

Diageo first bought a stake in USL in 2012, taking its holding to a majority by the following year. Mallya stepped down from USL in 2016 and left India that year amid loan repayment troubles at Kingfisher Airlines. At the time, USL had nearly two dozen subsidiaries, joint ventures and associate companies, half of them in the UK, where Mallya has currently exiled himself.

The commercial value of India's T20 World Cup winning team is expected to soar into billions, surpassing the IPL's brand worth. Key players like Hardik Pandya, Jasprit Bumrah, and Surya Kumar Yadav are set to see a significant increase in their market valuation.

Real estate developer Sobha announced a 6:47 rights issue at a premium of Rs 1,641. The record date for the same is June 19

American investment bank Houlihan Lokey has issued the 2024 IPL Brand Valuation Study, its comprehensive report into the business enterprise and brand values of the Indian Premier League (IPL)

During the recent IPL season, jersey sales across 10 teams surged to around 140,000 units, indicating a rising trend in fan merchandise adoption. playR, the official merchandise partner for several teams, reported selling 100,000 units, with a significant portion being jerseys. Online sales accounted for 50%, reflecting growing team loyalty among fans.

Top broadcasters like Star India, Sony Pictures Networks India, Zee Entertainment, and Sun TV Network saw ad revenue remaining flat or shrunk in FY24 due to the exit of new-age advertising and the shift of ad dollars to digital due to free cricket streaming by JioCinema and Disney+ Hotstar.

As the Indian Premier League (IPL) playoffs commence, bars, pubs, and cafes are capitalizing on the surge in fan interest. The ongoing heatwave is driving cricket enthusiasts to seek air-conditioned comfort in these establishments rather than enduring the sweltering stadiums. Businesses are offering live screenings, stadium-like atmospheres, sports menus, cocktails, and team merchandise. Despite alcohol-free dry days during elections in Mumbai and Delhi-Gurgaon, establishments expect strong turnout, emphasizing the social experience.

Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.

The TV reach of IPL for the first 51 matches has already surpassed the previous season's audience reach of 505 million. The digital reach of the IPL is also poised to beat the previous season's figure of 450 million, having already touched 383 million for the first 29 matches.

King Khan has pocketed the most endorsement money this IPL season, followed by Ajay Devgn. Big cricketing names are not far behind too, with Virendra Sehwag, Ravichandran Ashwin and Hardik Pandya each bagging a good many endorsement deals.

T20 World Cup: Disney+ Hotstar announced that Indian smartphone users can stream the ICC Men’s T20 Cricket World Cup for free on their OTT platform, following the success of a similar model during the ODI World Cup and Asia Cup. The T20 World Cup 2024 will be held in the USA and the Caribbean, featuring 20 teams across multiple venues. Scheduled to start on June 2, shortly after the Indian Premier League, the event is highly anticipated by fans, especially those supporting the Indian cricket team led by Rohit Sharma.

Star India's sports business operating loss reached $342M for six months till March 30, surpassing $228M last fiscal. Walt Disney's revenue hit $504M, with costs at $786M due to IPL cricket programming expenses. Ad revenue doubled to $221M.

Kia unveiled teaser images of the upcoming EV3, a compact SUV with dynamic styling and Star Map lighting. The design is inspired by the flagship EV9. The global premiere is set for May 23rd.

Green energy stocks surge on Dalal Street with up to 600% returns fueled by India's renewable energy growth. Investors eye opportunities in the sector, driven by ambitious targets, support from Morgan Stanley, and initiatives like the rooftop solar scheme under Pradhanmantri Suryodaya Yojana.

Green energy stocks surge on Dalal Street with up to 600% returns fueled by India's renewable energy growth. Investors eye opportunities in the sector, driven by ambitious targets, support from Morgan Stanley, and initiatives like the rooftop solar scheme under Pradhanmantri Suryodaya Yojana.

The China Association of Automobile Manufacturers and the National Computer Network Emergency Response Technical Team/Coordination Centre of China on Monday published a list of 76 models of intelligent connected vehicles that meet the country's auto data security requirements, including those from Tesla.

Broadcasting rights for the IPL, which are among the most lucrative in the country, are set to get consolidated from next year. Will this consolidation rain sixes for broadcasters, or will it impact the advertising run rate?

Disney Star drew 450 million viewers for the first 26 Indian Premier League (IPL) matches, with 188 billion minutes of total watch time. Cumulative reach and TVR rose 8% and 15% compared to the previous edition, with the Mumbai Indians vs. Royal Challengers match attracting the highest viewership.

The top five categories present in IPL 2024 together comprised 52% share of ad volumes, with Ecom-Gaming leading the list. The Ecom-Gaming category dominated the category list in all 15 matches of IPL 2024. Apart from Ecom-Gaming, the top five categories included Range of Food Products, Pan Masala, Cellular Phones-Smart Phones, and Securities/Sharebroking Organisation.

Tata Play and Star Sports have partnered to introduce targeted advertising during live sports broadcasts, starting from this IPL season. This industry-first move allows advertisers to reach premium audiences in India's top metro cities. The introduction of addressable ads for unconnected boxes during live IPL matches is a groundbreaking development in the Pay TV sector, offering advertisers the opportunity to target specific audiences based on region and income group.

The communication to all alcohol companies and industry associations arrives shortly before the launch of the IPL, a period when such advertisements are prominently broadcasted and promoted on social media platforms. Due to the prohibition of liquor advertisements, companies resort to surrogate advertising campaigns as an alternative method to promote their products.

JioCinema, the official streaming platform for IPL, will showcase five brands in its advertiser innovation, Brand Spotlight during the opening game on March 22. The featured brands will debut their IPL 2024 campaigns within the first five overs, offering exclusive insights and stories to viewers.

Sugar Cosmetics' co-founder Vineeta Singh's LinkedIn post with actor Kareena Kapoor Khan and designer-entrepreneur Masaba Gupta and others watching a Women's Premier League (WPL) match last week went viral. So did pictures of actor Katrina Kaif watching a match to support the UP Warriorz team wearing Kay Beauty jerseys, the name of her cosmetics label which has associated with the team as title sponsor in partnership with beauty platform Nykaa.

Rx Propellant, a prominent life sciences infrastructure platform in India, has leased a 1.3 lakh sq. ft. R&D facility called Nextopolis to GV Research Platform (GVRP), a leading contract research organization (CRO) in the biopharma industry. The deal, worth Rs 162 crore for a 10-year occupancy, marks the largest transaction in India's life sciences real estate sector.

Property Share plans to tie up warehousing assets in tier I and tier II cities, aiming for an AUM of over Rs 1,000 crore. It owns three warehousing assets in the UK and is raising capital against its first India warehousing asset in Jaipur, rented to Flipkart.

The rates of Zee's prime-time advertisement packages range from ₹16 crore to ₹35 crore, according to Ashish Sehgal, the company's chief growth officer, ad sales. In comparison, rival Disney Star's IPL packages are priced between ₹83 crore and ₹167 crore. Disney Star is also looking to broaden its IPL advertiser base by offering customised packages.

The proposed merger of Walt Disney and Reliance in India faces antitrust scrutiny over market power, particularly in cricket. Concerns arise over the advantage the entity will have on raising prices for advertisers. Assessment on the TV side could become easier. Disney and Reliance could face heat on key TV channel offerings.

The Women's Premier League (WPL) is predicted to generate up to Rs 125 crore in sponsorship revenues for the Board of Control for Cricket in India (BCCI) and its five teams. Central sponsorships could generate Rs 50 crore, while team sponsorships could earn Rs 50-65 crore. Experts suggest that team sponsorship revenue could be higher due to better performance. The WPL franchises include Delhi Capitals, Gujarat Giants, Mumbai Indians, Royal Challengers Bangalore, and UP Warriorz.

Nine major companies, including Dream11, Ceat, Saudi Tourism, Aramco, Mastercard, RuPay, PhonePe, MyCircle11, and DP World, have purchased the tender document for the IPL associate and special partner slots. Among them, five are existing sponsors of the IPL. Dream11 and MyCircle11, both fantasy sports companies, are expected to compete against each other.

According to PMAR 2024, AdEx is expected to rebound in 2024, growing at 12% to reach Rs 1.11 lakh crore driven by digital advertising. Madison World Chairman Sam Balsara expressed concern about India Inc's focus on quarterly profits. The Indian Premier League (IPL) significantly boosted advertising on Connected TV.

Officials are also weighing other options and may announce some of them as soon as this week if approved by the top leadership, the people said. The plans are still subject to change. The China Securities Regulatory Commission didn’t respond to a request for comment.

While the gloom adds impetus for the People's Bank of China to lower interest rates, investors say the monetary authority has less room to cut than its major global peers, whose borrowing costs are now at multi-year highs.

AIIMS and Ram Manohar Lohia Hospital in New Delhi will have a half-day closure on January 22, 2024, due to the celebration of Ram Lalla 'Pran Pratishtha' at Ayodhya. However, critical clinical services will continue. The closure is in accordance with the Government of India's declaration. The closure will be until 14:30 hrs and all staff members have been informed about it. The 'Pran Pratishtha' of Shri Ram Lalla at Ayodhya's temple will take place on January 22, with Prime Minister Narendra Modi and a team of priests leading the rituals.

Nithin Kamath said that there was a mismatch between the priorities of IIT, IIM students with those of Zerodha.