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
October 17,2024

Bengaluru, Oct 17: Karnataka chief minister Siddaramaiah on Thursday announced that all government residential schools in the state will be renamed as Maharishi Valmiki Residential Schools.

He further said that the Raichur University will be renamed as Maharishi Valmiki University, news agency ANI reported.

He made the announcement on the occasion of Valmiki Jayanti, which is celebrated to honor Maharishi Valmiki, the revered author of the Ramayana.

Earlier today, the Karnataka CM paid rich tributes to Valmiki in a series of posts on X.

"Let the life and achievements of Dalit genius, Adi Kavi Valmiki, who wrote the epic Ramayana and showed that talent is not a gift of birth, but an achievement, be an inspiration to all of us," he said.

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News Network
October 22,2024

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Bengaluru, Oct 22: Heavy rainfall has once again turned Bengaluru’s streets into rivers, with large-scale waterlogging paralyzing India’s IT capital. As residents brace for more storms, the India Meteorological Department (IMD) forecasts a day filled with thunderstorms, predicting minimum temperatures around 21°C.

"Bengaluru is expected to see a cloudy sky today, with light to moderate rainfall and thunderstorms impacting both urban and rural regions," stated the IMD. The maximum temperature is likely to reach 29°C, while the minimum will hover at 21°C.

Waterlogged streets have significantly slowed down traffic, with major bottlenecks reported along Sarjapura Road near the Wipro and RBD Layout junctions, according to police reports.

The flooding has sparked fresh criticism from opposition parties, who have seized the opportunity to target the Congress-led state government’s handling of the city's infrastructure.

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coastaldigest.com news network
October 17,2024

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Great news for Indian nationals! If you hold a tourist visa for the European Union (EU), United States (US), or United Kingdom (UK), you no longer need a pre-entry visa to visit the UAE.

Here’s a simple breakdown of what you need to know:

Who’s Exempt?

Indian nationals who:

Have a valid tourist visa for the EU, US, or UK.

Previously, only those with residence permits from these countries were exempt.

How Long Can You Stay?
 

14-Day Entry Visa: For Indian travelers (and family members) with ordinary passports and a valid tourist visa, residency, or green card from the US, EU, or UK.

> Fee: AED 100 (about INR 2,250)

Extend Your Stay: You can stay an additional 14 days.

> Fee: AED 250 (about INR 5,600)

60-Day Visa: If you plan to stay longer, you can opt for a 60-day visa.

> Fee: AED 250 (same as above)
 

Important Requirements:

Your tourist visa for the EU, US, or UK must be valid.

Your passport must have at least six months of validity.

This update, announced by the Federal Authority for Identity, Citizenship, Customs, and Ports Security, makes travel easier for Indian tourists. Enjoy your visit to the UAE!

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