'Day 1 of IPL media rights e-auction closes at over Rs 42,000 cr & more'

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LATEST   Day 1 of IPL media rights e-auction closes at over Rs 42,000 crore   That’s a 1.2x jump over the total base price of Rs 32,890 crore and a 2.5x jump over the Rs 16,348 crore Star India paid for the rights five years ago.

LATEST   Top-10 most valued firms lose Rs 2.29 lakh crore in m-cap; LIC worst hit   IT bellwethers TCS and Infosys lost Rs 45,746.13 crore from their cumulative market cap. The valuation of TCS stood at Rs 12,31,398.85 crore, while that of Infosys was Rs 6,21,502.63 crore.

MARKETS   FPIs pull out Rs 14,000-cr from Indian equities in June   With this, net outflow by foreign portfolio investors (FPIs) from equities reached Rs 1.81 lakh crore so far in 2022, data with depositories showed.

LATEST   Development of villages must to make India $5 trillion economy: Amit Shah   "If villages are prosperous, self-reliant and with good facilities, the country will be prosperous. It will help achieve the dream of Atmanirbhar Bharat (self-reliant India) and making India a five trillion dollar economy," Shah said.

LATEST   Tencent buys stake worth $264 mn in Flipkart   Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around $264 million, as per last valuation of $37.6 billion disclosed by the e-commerce firm in July 2021.

LATEST   Indian students leaving Ukraine will be accepted by Russian varsities: Diplomat   Roman Babushkin, Deputy Chief of Mission of Russian Embassy in New Delhi, said the students would be admitted to Russian universities where they can continue with their respective courses from where they were left off without losing out on the previous years of study.

LATEST   Govt's health schemes yielding good results: Union MoS Pravin Pawar   "Every scheme and policy of the Narendra Modi government is targeted towards the uplift of the poor. Seva (service) is the goal of this government and we are strengthening the implementation of the schemes," the Union minister added.

LATEST   Power demand jumps by 45,000 MW in a year; ensuring 23-23.5 hour supplies: Power Minister   India's electricity demand on June 9 was recorded at an all-time high of 2,10,792 megawatts, and 4,712 million units of electricity were consumed.

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