NEW DELHI: Can’t get enough of your favourite cricket team? Well, you could soon have the option of becoming a stakeholder in it. In fact, cricket is all set to come to the rescue of Dalal Street, which is currently on a sticky wicket.
The franchisees of the Board of Control for Cricket in India’s (BCCI) Indian Premier League are now planning to open their account on Dalal Street with initial public offers (IPO). Teams such as Deccan Chargers, Chennai Super Kings (CSK) and Mumbai Indians are planning to cash in on their popularity to raise money in the stock market.
BCCI has already given a green signal to all the teams, allowing them to be listed on the Bombay Stock Exchange. “There are no restrictions on these franchisees in this regard. They are the owners and it’s solely up to them as to how they raise capital. It can be in form of private equity or an IPO,” said Lalit Modi, chairman & league commissioner of IPL.
Real Simple magazine has an old but good step-by-step guide to folding an unwieldy broadsheet newspaper for easy reading on the go. It’s really just a matter of a few well placed folds, but…
Smoking to be completely banned in workplaces
Economic Times - 22 hours ago
1 Jun, 2008, 1042 hrs IST, PTI NEW DELHI: Smokers beware! Hotels, airports, restaurants and…
Reliance Industries has given its chief Mukesh Ambani a hefty pay hike of about 45% taking his annual remuneration past USD10 million.