The fight to clinch the Indian Premier League media rights for the next five years has been no less intense than the games themselves. And the money put on the auction table made the IPL the number two sports league in the world, with only the American National Football League ahead of it in terms of value per game. So why has the race to grab TV and digital rights grown so intense despite a drop in IPL viewership? And what do the winners have to gain?
But not all business models are as lucrative as IPL. Dozens of companies are launched each year and some return to the pavilion without playing a long game. Ravi Mittal, chairman of the Insolvency and Bankruptcy Board of India (IBBI), recently said that there should be no stigma attached to true corporate bankruptcy and businesses should be given an honorable exit. The Insolvency and Bankruptcy Code 2016 was introduced in May 2016 to address bad debt issues. But it has been plagued by high discounts for banks and delays in the resolution process. So what can be done to get a faster resolution?
Markets also take a beating when a big company goes down. Meanwhile, major benchmarks cracked around 3% on Monday. The Indian rupee also recorded a new all-time low. Against the backdrop of yesterday’s tumble and global sentiment overhang, our next report outlines what’s in store for the markets and what are the key support levels to watch?
Not only does the earth scorch and the people living in it, a good monsoon also calms the economy and the markets. Weather and economy are closely linked. In this episode of the podcast, we explain how nature still reigns over us, despite all the technological advances.
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