Saudi Arabia eyes $5 billion stake in $30 billion Indian Premier League

News Network
November 3, 2023

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Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter.

Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, the report said.

The talks were held when the crown prince visited India in September, the report said, adding that the kingdom proposed investing as much as $5 billion into the league and help lead an expansion into other countries.

The Board of Control for Cricket in India (BCCI), the custodian of the IPL, did not immediately respond to Reuters' request for a comment.

IPL is one of the richest leagues in the world and has been attracting top players and coaches to India since its inaugural edition in 2008. 

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News Network
March 1,2025

The Trump administration has given the go-ahead for a nearly $3 billion arms sale to Israel, sidestepping the standard congressional review process to expedite the delivery of 2,000-pound bombs widely used by the Israeli military in its ongoing onslaught in the Gaza Strip.

In a series of notifications sent to Congress on Friday, the State Department has reported it has approved the sale of more than 35,500 MK 84 and BLU-117 bombs and 4,000 Predator warheads worth $2.04 billion to Israel.

Secretary of State Marco Rubio “has determined and provided detailed justification that an emergency exists that requires the immediate sale to the Government of Israel of the above defense articles and defense services in the national security interests of the United States, thereby waiving the Congressional review requirements,” the department said.

Deliveries are set to begin next year, it said.

According to the same statement, Rubio has also approved another munitions sale to Israel worth $675.7 million to be delivered starting in 2028.

The Israeli regime has extensively used the MK 84, also known as the 2,000-pound bomb, in its genocidal wars against the people of Lebanon and Palestine, including the assassination of top Hamas and Hezbollah leaders.

Last May, the previous US administration attempted to curb Israel’s military aggression in Rafah, a city in southern Gaza, by imposing a temporary ban on the sale of 2,000-pound bombs.

This effort, however, proved futile in halting the invasion, as the US continued to supply other weapons to the Israeli regime.

On February 25, Trump’s National Security Adviser, Michael Waltz, rescinded the ban to allow the State Department to resume the sale of the bombs to the regime.

The State Department has also approved the sale of Caterpillar D9 Bulldozers and related equipment for an estimated cost of $295 million to Israel.

The Israeli regime has used D9 bulldozers to demolish thousands of Palestinian homes in the occupied West Bank and Gaza.

The Office of the UN High Commissioner on Human Rights has advised Caterpillar Inc. that by supplying the bulldozers to the regime, it is complicit in human rights violations.

D9 has been involved in several incidents of civilian deaths, including in 2023 when it was used against the refugees sheltering outside the Kamal Adwan Hospital.

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Media Release
March 14,2025

Thiruvananthapuram/Kochi: Tushar Gandhi, the great-grandson of Mahatma Gandhi, on Friday said that he will neither retract his recent statements against the RSS and BJP nor will he apologise for them, while the two saffron outfits demanded that he be arrested for his remarks.

Gandhi, during the recent unveiling of a statue of the late Gandhian P Gopinathan Nair at Neyyattinkara in Thiruvananthapuram, had referred to the BJP and RSS as "dangerous and insidious enemies" who have entered Kerala.

He had also termed the RSS as "poison", following which BJP-RSS workers shouted slogans and blocked his car.

On Friday, speaking at an event in Aluva near Kochi, Gandhi said that once he said "those things", he does not believe in retracting them or apologising for them.

"What this incident has done is strengthen my resolve to continue to expose the traitors. This is a fight which is even more essential than the freedom fight. We have a common enemy now, the Sangh. They must be exposed," he said.

He also said that he was worried that "the descendants of my great grandfather's murderers" will go to Mahatma Gandhi's statue and fire bullets at it "as they are habituated to do".

The BJP hit back at him by saying that he is just someone who was "by default" born as a descendant of Mahatma Gandhi and has been trying to "monetise" his great grandfather's name.

Former Union Minister of State and BJP leader V Muraleedharan alleged that Tushar Gandhi has been for several years trying to "monetise" Mahatma Gandhi's name.

Muraleedharan, speaking at a BJP protest against Tushar Gandhi at Neyyattinkara, further said that those who invited him for the statue unveiling probably were not aware of his background.

He further said that just because Tushar has the Gandhi name, it does not entitle him to the same respect or honour reserved for the Father of the Nation.

He demanded that Tushar Gandhi be arrested for his statements based on the BJP's complaint.

The BJP leader also criticised the Pinarayi Vijayan government for arresting five RSS-BJP workers a day ago for raising slogans against Mahatma Gandhi's grandson.

A case was registered against the five people under Sections 189(2), 191(2), 190, and 126(2) of the Bharatiya Nyaya Sanhita (BNS) on charges of unlawful assembly, rioting, and wrongful restraint.

According to the police, a small group of people, allegedly linked to the Sangh Parivar, raised slogans against Tushar Gandhi at the end of a function he attended at Neyyattinkara on Wednesday evening.

Vijayan had strongly condemned the alleged "Sangh Parivar attack" on Tushar Gandhi, stating that actions that suppress freedom of expression cannot be allowed in a democratic society.

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Agencies
March 5,2025

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Bengaluru: Actor Ranya Rao, stepdaughter of a senior IPS officer, was just moments away from clearing airport security at Bengaluru’s Kempegowda International Airport when the Directorate of Revenue Intelligence (DRI) swooped in. What followed was a dramatic bust—gold bars worth ₹12 crore, allegedly being smuggled, were recovered from her and her accomplices.

The 33-year-old actress, who debuted in the 2014 Kannada film Maanikya, had landed in Bengaluru on Monday aboard an Emirates flight from Dubai. According to officials, she was accompanied by two individuals carrying the smuggled gold in briefcases. They had nearly cleared security and were about to exit when DRI officers, acting on specific intelligence, intercepted them and launched a search.

Gold Concealed on Person

A thorough examination led to the discovery of 14.2 kg of gold ingeniously hidden on her person. "The contraband, valued at ₹12.56 crore, was seized under the provisions of the Customs Act, 1962," the DRI stated.

More Gold, Cash Found at Her Home

The investigation didn’t stop at the airport. Authorities then searched Ranya Rao’s residence on Lavelle Road, Bengaluru, where she lives with her husband. There, they uncovered additional gold jewelry worth ₹2.06 crore and Indian currency amounting to ₹2.67 crore, bringing the total seizure in the case to ₹17.29 crore.

"The lady passenger has been placed under arrest under the relevant provisions of the Customs Act, 1962, and remanded to judicial custody. This marks a significant blow to organized gold smuggling networks," the DRI statement added.

Frequent Gulf Trips Raised Suspicion

According to reports, Ranya Rao had been making frequent, short trips to Gulf countries, which eventually put her under the DRI’s radar.

Ranya is the stepdaughter of a senior IPS officer. Her stepfather remarried after his first wife’s death, and Ranya is one of two daughters from her mother’s previous marriage.

With a 14.2 kg gold seizure, this is one of the biggest smuggling busts at Bengaluru airport in recent times, reinforcing the DRI’s crackdown on illicit gold trade.

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