Miscellany

Miscellany

Bidding war continues for BCCI media rights

On an inconclusive day two of the BCCI media rights e-auction, the cash registers continued to ring. Cash rich BCCI, smug that its experiment of an e-auction is working well, is expected to pouch a veritable bonanza from the three-way race between Star, Sony and newbie Reliance Jio, which will continue on Thursday. Already, it has virtually doubled what it earned from the previous cycle of media rights after two days of bidding for the next five years of Indian cricket.

Google Tez goes past Paytm in transaction value

Within a few months of its launch, Google Tez has grabbed the leadership position in the payment app/mobile wallet space, overtaking Paytm. But industry experts find that incentives offered by Google Tez are leading to

Hiring may rise on economic growth

Hiring activity in the country is likely to get a boost this year in key sectors such as manufacturing, technology, renewable energy, among others, due to robust economic growth, according to recruitment firm Michael Page India.

“With the Indian government constantly pushing reforms to receive economic growth through proactive measures, we are anticipating these optimistic trends to continue across the key sectors,” its managing director Nicolas Dumoulin said.

The report, employment outlook 2018, has compiled employment figures from its database in the last 12 months.

E-auction of BCCI media rights stops at Rs 4,442 crore on Day 1

Cricket makes the mare go round with money strapped on her back. Cash rich BCCI is set for another big bonanza as prognosticated by FC on Tuesday morning with Star, Sony and Jio engaged in a bidding war for the Global Consolidated Media Rights (GCR) for the 2018-2023 cycle of India’s home bilateral series, which is currently valued at Rs 4,442 crore, after the end of the opening day of the first ever e-auction.

Surfing Net while flying fine, but no mobile chat: DoT

If you thought you will be able to talk to your dear ones on phone while flying, you are in for disappointment at least for now. The Department of Telecom (DoT) has grounded the Trai proposal on allowing mobile services onboard aircraft.

Excitement around H-1B visa losing sheen

The process of filling petitions for H-1B visas for the season 2018-2019 has just begun amid unprecedented scrutiny. The screening process is indeed going to be very stringent and many immigration attorneys in the US are expecting highest level of visa rejections this time.

Race to be first with 5G intensifies

The Trump administration’s concern about China’s growing technology clout is putting even more pressure on US wireless carriers in their marketing battle over which company will be the first to offer 5G.

Star, Sony, Google, Facebook in fray for media rights

Recession proof Indian cricket will once again test new frontiers on April 3 when the first ever e-auction bidding process for BCCI media rights commences at 2 pm IST. The winner takes all for the next five years, broadcasting a total of 102 matches, which will form part of the ICC’s Future Tours Programme (FTP) from April 15, 2018 to March 2023.

Pfizer seeks another miracle drug

It has been 20 years since Viagra was introduced, and Pfizer is still searching for another drug with as much earning power as the revolutionary blue erection pill.

If anything, the chances for another miracle drug may be waning as the pharmaceutical giant constrains its research and development budget amid broader cost-cutting efforts.

Pfizer forecasts it will spend $7.4 to $7.9 billion this year on R&D, compared with $7.7 billion last year, according to projections released in February.

Road gets tougher for electric car innovator Tesla

Tesla, which until recently had been seen as cruising to a bright future, has suddenly hit a rough stretch as fresh concerns over the future of autonomous vehicles have exacerbated worries over its ability to hit production targets.

Shares in the California electric car innovator skidded 7.7 per cent on Wednesday at the close, a day after an 8.22 per cent slide. The declines have wiped out some $9 billion in market value.

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