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Remove price cap and channel bundling restrictions: Broadcasters tell TRAI

The country’s leading broadcasters, including Disney-Star, Zee Entertainment, Viacom-18, Sun TV and Sony Pictures Networks India, have urged the Telecom Regulatory Authority of India (Trai) to deregulate broadcast tariff and remove restrictions on channel bundling. Submitting their recommendations under the aegis of the Indian Broadcasters and Digital Foundation (IBDF) — an apex body — on Thursday, the broadcasters said they should be allowed to offer discounts on both a-la-carte and bouquet offerings rather than operating under a price cap on channels.

Jeff Bezos, Mukesh Ambani set to battle over $7.7 bn IPL broadcast rights

Jeff Bezos and Mukesh Ambani, two of the world’s richest men, are set for another clash. This time the fight is over media rights to the Super Bowl of cricket, one of the world’s fastest-growing sporting events that draws 600 million viewers and has a brand value of almost $6 billion. The billionaires’ companies are expected to be the top two contenders at a June 12 Indian Premier League auction, which is likely to lure several bidders for separate, five-year telecasting and online streaming contracts in different geographies. The tycoons are preparing aggressive game plans to ensure a win, according to people familiar with the matter. Other fierce competitors include Walt Disney Co., which held the rights until this year’s just-concluded season, and Sony Group Corp

Akasa Air to partner Griffin for sale, leaseback of Boeing planes

Akasa Air has signed a contract with Irish leasing company Griffin Global Asset Management for sale and leaseback of five Boeing 737 Max aircraft, a statement said on Thursday. Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash that the airline has spent in buying the aircraft.

Adani group figures in Sri Lanka's parliamentary debate on electricity bill

A renewable energy deal with India's Adani group figured in Sri Lanka's parliamentary debate on the Electricity Amendment bill, which was passed in Parliament on Thursday amid resistance from Opposition lawmakers and industry trade unions. The Opposition charged that an unsolicited government-to-government agreement to build a 500 MW wind power plant in the northern coast with the involvement of the Adani Group was key to the amendments to the 1989 Act.

DMRC seeks to raise Rs 2,700-crore loan to pay

Reliance Infrastructure A month after the Supreme Court directed the Delhi Metro Rail Corp (DMRC) to bring Rs 4,600 crore out of its coffers for its long-standing liability to a Reliance Infra (RInfra) subsidiary, DMRC has written to 18 banks, inviting bids to raise a Rs 2,700-crore loan. The court had upheld a Delhi High Court order, conse-quent to which DMRC is to pay the arbitral award amount, alo-ng with interest, to Reliance In-fra-owned Delhi Airport Metro Express Private Limited (DAM-EPL) in two equal instalments.

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