Skip to main content

IPL 2020: BCCI Has Not Got Government Permissions as Yet, IPL GC Also ‘Uncertain’



The Indian government is yet to give a go ahead for shifting the 13th edition of the Indian Premier League (IPL 2020) to UAE. It’s been more than 10 days since the Board of Cricket Control of India (BCCI) has applied for the government permissions. But the concerned ministries are yet to give the green signal to the league in UAE. Without the government permissions, neither the league dates can be officially announced or schedules can be finalized. Even the official paperwork with the Emirates Cricket Board is also pending without the go ahead from the Indian government. 
 
The BCCI is in complete fix at this stage. The franchise, broadcaster and other stakeholders are ‘getting jittery’ with each passing hour. Neither the BCCI or any other stakeholder involved can finalize the logistics for the league which is just 48 days away. Without the official nod from the government, now there will be even question mark over the relevance of the IPL Governing Council meeting scheduled for Sunday afternoon. 
 
“We were expecting that all permissions will come in before the end of this week but now it seems it will take few more days to get the nod from the government. It’s a mammoth task to shift the entire tournament to UAE. Whole lot of logistics has to be planned. It’s getting more challenging with everyday. But hopefully we should get official permissions soon”, said one of the senior BCCI functionary. 
 
Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience 
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Comments

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res