IPL Media Rights Auction Live Updates: E-Auction underway; Sony, Zee, DisneyStar, and Viacom18 in the fray

IPL Media Rights Auction Live: Four top broadcasters are in the fray for TV and digital rights-rights including DisneyStar, Sony Pictures Networks India (SPN), Reliance-owned Viacom18 and Zee Entertainment Enterprises (ZEE). They will start placing bids for the five-year rights of the biggest sporting property in India today, starting 11 am.

While some reports said the winning bids could hit the ₹60,000-65,000 crore mark, experts polled by ET put them closer to ₹48,000-50,000 crore for the 2023-27 rights cycle. At the reserve price, the BCCI will get about ₹36,000 crore, more than double the DisneyStar’s ₹16,347.5 crore winning bid last time around.

There are four specific packages in which e-auction will be conducted or 74 games per season for a five-year period from 2023-2027 with a provision of increasing the number of matches to 94 in the final two years.

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AAP announces new office bearers for Gujarat

Aam Aadmi Party has appointed Kishorbhai Desai as the State President (Frontal Organisation) & Manoj Sorathiya as the State General Secretary.

PM’s silence Prophet Mohammad remark row baffling: P Chidambaram

Congress leader P Chidambaram today said that prime minister Narendra Modi should have spoken immediately after offensive utterances, and that his silence on the matter is ‘baffling’. He also said that every effort should be made and will be made to forge unity among Opposition parties in presidential election.

AAP Gujarat leader Isudan Gadhvi appointed as the National Joint General Secretary of the Aam Aadmi Party; Indranil Rajguru appointed as the National Joint Secretary.

PM to visit Maharashtra on Tuesday; will inaugurate Jagatguru Shrisant Tukaram Maharaj Temple

Prime Minister Modi will visit Maharashtra on June 14 and at around 1:45 PM, he will inaugurate Jagatguru Shrisant Tukaram Maharaj Temple in Dehu, Pune, a Prime Minister’s Office (PMO) statement said. At around 4:15 PM, the prime minister will inaugurate Jal Bhushan Building and Gallery of Revolutionaries at the Raj Bhawan in Mumbai, it said. Thereafter, at around 6 PM, Prime Minister Modi will participate in Dwishatabdi Mahotsav of Mumbai Samachar at Bandra Kurla Complex in Mumbai.

McDonald’s in Russia reopens under new ownership, will be renamed as Vkusno & Tochka

McDonald’s last month said it was selling its restaurants in Russia to one of its local licensees, Alexander Govor. The deal marked one of the most high-profile business departures since Russia sent tens of thousands of troops into Ukraine on Feb. 24.

McDonald’s iconic ‘Golden Arches’ have been taken down at sites in Moscow and St Petersburg, where they will make way for a new logo comprising two fries and a hamburger patty against a green background. The reopening will initially cover 15 locations in Moscow and the surrounding region.

IPL media rights may soar up to 4x: Brokerage Elara Capital

Brokerage Elara Capital expects media rights for the Indian Premier League (IPL) to soar up to three to four times to Rs about 50,000-60,000 crore in the next cycle – which is 2023-2028.

This would be an astounding growth for the world’s biggest and cash-rich T20 league, whose broadcasting rights were sold for Rs 16,300 crore in the previous cycle (2018-2022).

The brokerage expects T20 leagues’ annual media rights to hit Rs 10,000 crore-mark, which was Rs 3,220 crore in the last cycle and Rs 820 crore in the first cycle.

IPL Media Rights Auction: Base price starts from Rs 33 crore

The process has been divided into a total of four packages (A, B, C and D). The package A is exclusive for TV for the Indian subcontinent while package B is for digital only grouping for the same region. For Package A, i.e TV rights, base price is fixed at Rs 49 crores per match for 74 matches, and Package B- Digital rights has a base price of Rs 33 crores.

All you need to know about IPL Media Rights Auction

There are four specific packages in which e-auction will be conducted or 74 games per season for a five-year period from 2023-2027 with a provision of increasing the number of matches to 94 in the final two years.

The process has been divided into a total of four packages (A, B, C and D). The package A is exclusive for TV for the Indian subcontinent while package B is for digital only grouping for the same region.

The current bidders will win the rights to broadcast the league for a five-year cycle, which will start with the 16th edition of the tournament in 2023 till 2027.

Viacom18 will likely be the most aggressive bidder In IPL media rights auction

Viacom18 will likely be the most aggressive bidder In IPL media rights auction

BCCI could fetch $7.7 billion from IPL media rights

This year the BCCI is capitalising on its audience by splitting media rights into four agreements. Packages include the sole rights on television in the Indian subcontinent, broadcasts for the rest of the world, digital broadcasting and a bespoke package for special matches such as play-offs.

IPL Media Rights Auction today

Four top broadcasters are in the fray for TV and digital rights-rights holder DisneyStar, Sony Pictures Networks India (SPN), Reliance-owned Viacom18 and Zee Entertainment Enterprises (ZEE). They will start placing bids for the five-year rights of the biggest sporting property in India today, starting 11 am.

Goal of USD 5 trillion GDP appears to be case of ‘shifting goalposts’: P Chidambaram

Two new COVID-19 cases in Andamans

The Union territory now has six active cases, while 9,920 people have recovered from the disease, including one in the last 24 hours. A total of 129 patients have succumbed to the infection thus far.

Maharashtra’s Thane district reports over 500 new COVID-19 cases for 3rd day

The district had reported 531 new cases of coronavirus on Friday and 513 infections on Thursday, as per official data. There was no fatality on Saturday and the death toll in the district remained unchanged at 11,895, the official said, adding that the COVID-19 mortality rate in Thane stood at 1.67 per cent.

Delhi’s Karol Bagh fire now under control, 15-16 shops affected

Divisional fire officer, SK Dua said that the fire has now been controlled in which 15-16 shops have been affected. He added that some internal fire continues and that parts of buildings on fire falling off, creating issue in dousing fire. Currently, 200 firemen are trying to douse the fire.

Shiv Sena to participate in Opposition meeting on June 15

Shiv Sena leader Sanjay Raut today confirmed that someone from the party will attend the Opposition leaders’ meeting called by Mamata Banerjee on June 15 ahead of Presidential polls. “Uddhav Ji has received an invite to June 15 meeting in Delhi. As we will be in Ayodhya at that time, a prominent leader of our party will take part in the meeting,” Raut told ANI.

Japan, China agree to boost defence dialogue

Japanese Defence Minister Nobuo Kishi said on Sunday that he agreed with his Chinese counterpart to promote dialogue and exchanges. Japan warned against China’s attempts to change the status quo in the South and East China Sea, and said peace and security of the Taiwan Strait was important not only to Japan but to the international community, Kishi told reporters of his meeting with Chinese Defence Minister Wei Fenghe in Singapore.

304 accused arrested so far in Uttar Pradesh in connection with June 10 protests

ADG Law & Order Prashant Kumar told ANI that a total of 304 accused have been arrested till 8 am today, in the wake of protests in the state on June 10 which includes 91 from Prayagraj, 71 from Saharanpur, 51 from Hathras, 34 from Moradabad, 15 from Ferozabad, & 34 from Ambedkarnagar. 13 FIRs have been registered in the cases.

195.07 crore Covid shots given in India so far

The cumulative doses administered in the country so far under the nationwide COVID-19 vaccination drive has exceeded 195.07 crore, according to latest govt data.

India’s Covid daily positivity rate at 2.71 per cent

The daily positivity rate was recorded at 2.71 per cent while the weekly positivity rate was also recorded at 2.02 per cent, the Union Health ministry said today. The number of people who have recuperated from the disease surged to 4,26,52,743, while the case fatality rate was 1.21 per cent.

4.880 kg Charas seized by NCB Mumbai

NCB Mumbai seized 4.880 kg Charas on June 10 and arrested two persons the next day. The seized drugs were concealed in a special cavity made inside a water purifier. The parcel was destined for Australia, said the agency.

71 people have been arrested so far, in connection with Saharanpur violence: Uttar Pradesh Police

Latest on Covid

Single day rise of 8,582 new COVID-19 infections, four fatalities push India’s tally of cases to 4,32,22,017, death toll to 5,24,761, according to latest govt figures. Active COVID-19 cases has also risen to 44,513 from 40,370, the Union Health Ministry said today.

West Bengal Police tell Suvendu Adhikari not to visit Howrah protest site

Contai Police Station, Purba Medinipur, has written Leader of Opposition in West Bengal Assembly and BJP leader Suvendu Adhikari and has advised him “not to visit Howrah Rural Police District where Section 144 CrPC is in effect”. Adhikari is scheduled to visit the Howrah protest site today.

Beijing’s bar-related Covid cases rise to 115

The cases have been found citywide, including 107 visitors to the bar in Chaoyang district, two staffers and six close contacts, Xinhua news agency quoted Liu Xiaofeng, deputy head of the Beijing municipal disease prevention and control centre, as sayingat a press conference. It is expected that more cases related to the cluster will be found, and the risk of the virus resurgence spreading is high, Liu added.

India reports 8,582 fresh COVID19 cases today

India has now 44,513 active Covid cases, according to the latest data of Union Health Ministry.

Maharashtra sees marginal dip in COVID-19 cases

Maharashtra on Saturday saw a marginal dip in COVID-19 cases, with the state reporting 2,922 fresh infections, 159 less than the previous day, and one fatality due to the infection, the state health department said. Of the fresh cases, Mumbai reported 1,745 new COVID cases in the last 24 hours. Maharashtra on Friday recorded 3,081 new Coronavirus infections and zero deaths.

One dead in Mumbai building collapse incident

A part of a building collapsed in Navi Mumbai yesterday, injuring seven persons. One of the injured has succumbed to his injuries.

South Korea to boost defence capacity to counter North

South Korean Defence Minister Lee Jong-sup said on Sunday that his country would dramatically enhance its defence capabilities and work closely with the United States and Japan to counter North Korea’s nuclear and missile threat. The United States warned this month that North Korea is preparing to conduct a seventh nuclear test, and says it will again push for United Nations sanctions if that happens.

Grenade defused by NSG in Delhi

Delhi Police today revealed that a grenade was recovered and later defused by an NSG team in the Yamuna Khader area under the Mayur Vihar Police Station limits on Saturday. An FSL examination is now being conducted, cops told ANI.

Two arrested in connection with Jama Masjid protests

DCP Central District Shweta Chauhan told ANI that two persons have been arrested by central district police last night in connection with protests at Delhi’s Jama Masjid on Friday. People in large numbers protested at Delhi’s Jama Masjid over inflammatory remarks by suspended BJP leader Nupur Sharma and expelled leader Naveen Jindal, on Friday.

Massive fire breaks out in the Gaffar market, Karol Bagh in Delhi

India and South Africa to play second T20 international match in Cuttack today

The Rishabh Pant-led India are playing the ongoing series against Proteas without their key players — Rohit Sharma, Virat Kohli, KL Rahul, Jasprith Bumrah, Suryakumar Yadav, Ravindra Jadeja and Kuldeep Yadav — due to rest and injury issues. India lost the first match to South Africa by seven wickets.

China reports 275 new COVID cases for June 11 vs 210 a day earlier

Mainland China reported 275 new coronavirus cases for June 11, of which 134 were symptomatic and 141 were asymptomatic, the National Health Commission said on Sunday. That was up from 210 new cases a day earlier – 79 symptomatic and 131 asymptomatic infections, which China counts separately.

China says it will ‘fight to the very end’ to stop Taiwan independence

China will “fight to the very end” to stop Taiwan from declaring independence, the country’s defence minister vowed Sunday, as tensions soar with the United States over the island. “We will fight at all cost and we will fight to the very end. This is the only choice for China,” Defence Minister Wei Fenghe told the Shangri-La Dialogue security summit in Singapore.

Telangana: Situation under control in Adilabad after tension over social media post

The police officials informed that members from one community staged a protest in front of the One town police station after a local posted a social media status. “We’ve registered a case under relevant sections of IPC against one person (who posted the post on social media) for hurting religious sentiments and have arrested the accused. The situation is now under control,” said Superintendent of Police (SP) Adilabad, D Uday Kumar Reddy.The police resorted to lathi-charge onto the protestors so as to bring the situation under control. The officials also said that a curfew might be imposed if the locals engage in another such act.

Internet services resume in Jharkhand’s Ranchi

The district administration had suspended the internet services on June 10 after the protest over the controversial remarks by suspended BJP leader Nupur Sharma turned violent.

Delhi records 795 fresh COVID-19 cases

As many as 795 fresh COVID-19 infections were recorded in Delhi in the last 24 hours, as per the Delhi government health bulletin on Saturday. According to the health bulletin, there have been 556 recoveries and zero COVID-19 deaths in the national capital in the past 24 hours. As per the latest data, currently, 2,247 COVID-19 cases are still active in the city, with which its case fatality rate stood at 4.11 per cent.

Fire breaks out at factory in Ghaziabad; No injuries reported

A fire broke out at a soap manufacturing factory in Ghaziabad’s Bulandshahr road industrial area, informed the officials on Sunday. 20 fire tenders were engaged in the dousing operation. “Fire has been brought under control. No casualty or injury has been reported,” said Sunil Kumar, an official from the fire department. Further details are awaited.

Ukraine War: Russia said to be using more deadly weapons in war

Ukrainian and British officials warned Saturday that Russian forces are relying on weapons able to cause mass casualties as they try to make headway in capturing eastern Ukraine and fierce, prolonged fighting depletes resources on both sides.

Russian bombers have likely been launching heavy 1960s-era anti-ship missiles in Ukraine, the U.K. Defense Ministry said. The Kh-22 missiles were primarily designed to destroy aircraft carriers using a nuclear warhead. When used in ground attacks with conventional warheads, they “are highly inaccurate and therefore can cause severe collateral damage and casualties,” the ministry said.

Piyush Goyal to lead Indian delegation in WTO meet today

Union Minister for Commerce and Industry Piyush Goyal will lead the Indian delegation at the 12th WTO Ministerial Conference which will begin today, June 12, in Geneva, Switzerland. He will be participating in close door session on challenges to multilateral trading system & will be delivering a speech in this session. He will also attend a reception hosted by chair Kazakhstan today.

Three terrorists killed in Pulwama

Security forces today gunned down three terrorists in J&K’s Pulwama. IGP Kashmir Vijay Kumar said all the three were locals and were linked with terror outfit LeT. “One of them has been identified as Junaid Sheergojri, involved in the killing of our colleague Martyr Reyaz Ahmad on May 13,” he told ANI.

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