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Reliance Industries set for face-off with Amazon over IPL telecast rights

Amazon’s rivalry in India with oil-to-retail conglomerate Reliance Industries (RIL) looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India’s premier cricket league with its hundreds of millions of viewers.

Amazon.com Inc and RIL are expected to take on India units of Sony Group Corp and Walt Disney Co for exclusive five-year TV and digital broadcast rights to the two-month series of matches, at a cost that could run to a record Rs 50,000 crore ($6.7 billion), sources familiar with the companies’ plans said. “Cricket is the second-biggest sport in the world with two-and-ahalf billion fans and IPL is like its Super Bowl," said Anton Rublievskyi, head of Parimatch, a betting company that advertised at the Indian Premier League (IPL) last year

Hinduja group's UK firm bags health agency contract worth GBP 211 mn

Hinduja Global Solutions (HGS), a business-process management firm, said on Sunday that its subsidiary has won a contract from the UK Health Security Agency (UKHSA) worth £211 million (Rs. 2,100 crore).

HGS UK will provide customer support to UK citizens for two years, with an option to extend the contract. The partnership started last week and contract will employ more than 2,000 work-at-home positions across the UK.

LIC's business plan change after IPO a threat to private firms: Report

Amendments to the surplus/profit distribution rules for IPO-bound LIC, which has already improved its margins by 700 bps to 9.9 per cent and will further rise to 20 per cent when the national insurer shifts its business mix to non-participating policies, can give nightmares to private players who have been thriving on this segment for too long, says a report.

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move.

New policy to cut green hydrogen cost by 40-50%,says Indian Oil

India's largest oil firm IOC will set up 'green hydrogen' plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units as it sees the just announced green hydrogen policy as a watershed moment in the country's energy transition that will help cut costs.

SSV Ramakumar, Director for Research and Development at Indian Oil Corporation (IOC), says the new policy will help cut the cost of manufacturing green hydrogen by 40-50 per cent.

Ashok Leyland mulls EV plant; lines up Rs 500 cr for alternative fuel tech

Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official.

The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range. The company has already announced a USD 200 million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility.

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