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The Hindu
23 minutes ago
- The Hindu
Super League Kerala signs five-year Rs 100-crore streaming rights deal with Sports.com
a part of the USA-based SEGG Media Group, has signed a five-year global partnership with Super League Kerala that could increase the football league's viewership in a big way. 'This is a Rs 100-crore deal and the contract is for five years. The global live streaming rights are now with Mathew Joseph, the CEO of the Super League Kerala (SLK), told Sportstar on Monday. 'This is also first entry into India; it will become the exclusive OTT platform for the SLK, and it will be free of cost. That is what we are more interested in,' he added. Joseph revealed that the deal, signed in Dubai, will also help build more content around the SLK, which attracted nearly 13 million viewers for its debut season last year. ALSO READ | VP Suhair set to join Jamshedpur FC ahead of Durand Cup 'They will also help us with content creation around the SLK which they have done globally for many sports…behind the scenes, they create a lot of interesting documentaries,' said Joseph. 'This deal represents a huge leap forward for the SLK. It allows us to amplify our reach across continents while delivering world-class fan engagement and streaming experiences to millions who love Kerala football,' said Firoz Meeran, Director, SLK. 'This is more than a sports rights deal. To enter the Indian market through Kerala, a State with an electrifying football culture and millions of global fans, gives us a high-growth, cash-yielding product to launch the app with force,' Firoz added. Related Topics Super League Kerala


Hans India
23 minutes ago
- Hans India
Havells India's Q1 net profit falls 33 pc sequentially, revenue down 17 pc
Mumbai: Havells India on Monday reported a net profit of Rs 347.53 crore in the first quarter (Q1) of FY26, down 32.78 per cent on quarter-on-quarter (QoQ) basis from Rs 517 crore in Q4 FY25. Revenue from operations also dropped by 16.63 per cent, falling to Rs 5,455.35 crore from Rs 6,543.56 crore in the previous quarter, according to its stock exchange filing. Total income for the quarter also followed suit and stood at Rs 5,524.53 crore -- marking a 16.45 per cent decline from Rs 6,612.28 crore in Q4 FY25. Year-on-year (YoY), the company also saw a drop in its profit. Consolidated profit after tax (PAT) fell 14.75 per cent from Rs 407.51 crore in the April-June quarter of the previous fiscal. Revenue from operations also declined 6 per cent YoY from Rs 5,806.21 crore in Q1 FY25. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to Rs 570 crore, slightly lower than Rs 576 crore in the same quarter previous year. The EBITDA margin dropped to 5.6 per cent, compared to 9.9 per cent a year ago, as per its exchange filing. Havells attributed the weak performance to an unusually mild summer this year, which hurt demand for cooling products like fans and air coolers. It noted that while industrial and infrastructure demand remained strong, consumer sentiment was weak. "Tepid summer this year, in contrast to the strong season last year, led to significant decline in cooling products," the company said in its exchange filing. Among its segments, wires and cables performed strongly, with revenue rising 27.1 per cent to Rs 1,933 crore compared to Rs 1,521 crore a year ago. However, the lighting and fixtures business slipped 3.1 per cent to Rs 374 crore. The company also highlighted that the performance of its Lloyd brand was impacted due to unseasonal rains and a shorter summer, leading to higher inventory levels and flattish growth in the first half of the calendar year. The results were announced after market hours. Ahead of the announcement, Havells' stock closed 0.95 per cent higher at Rs 1,533 on the National Stock Exchange (NSE).


NDTV
31 minutes ago
- NDTV
After No-Show Today, Google, Meta Summoned Again By Probe Agency In Betting App Case
New Delhi: Tech giants Google and Meta have been summoned by the Enforcement Directorate (ED) yet again, directing their representatives to appear before it on July 28. This comes after both companies failed to show up today, saying they needed time to collect relevant information and required documents in connection with a probe into illegal online betting and money laundering. The ED is investigating allegations that several betting apps - already under scrutiny - were promoted through digital advertisements on platforms operated by Google and Meta. The agency suspects that the tech firms may have inadvertently played a role in enabling these apps by allowing them to run promotional content and by not adequately vetting advertisers. According to officials, representatives from both companies were expected to submit documentation related to ad revenues, business dealings, and algorithmic placements involving the betting platforms. However, citing the need for more time to compile necessary materials, they failed to appear on the designated date. Consequently, the ED has now made it mandatory for them to present themselves with all relevant documents by July 28. The probe is being conducted under the Prevention of Money Laundering Act (PMLA), and spans across multiple stakeholders, including app developers, media outlets, hawala operators, and celebrity endorsers. The agency is reportedly tracing financial trails and potential ad monetisation linked to these betting entities. This is part of a broader crackdown by the ED, which began after evidence emerged of foreign-linked betting operations using Indian platforms for illegal transactions. The Ministry of Information and Broadcasting had earlier issued advisories warning digital platforms against airing betting-related ads, but violations reportedly continued, prompting further scrutiny. So far, neither Google nor Meta has publicly commented on the summons or the investigation. The July 28 appearance is likely to be critical as the ED examines whether the tech platforms had any awareness or control over the nature of the content they were monetising - and if any compliance gaps contributed to unlawful gains. Meanwhile, the probe agency has also summoned actors Rana Daggubati, Prakash Raj, Vijay Deverakonda and Lakshmi Manchu in connection with the case. Mr Daggubati has been asked to appear before its zonal office in Hyderabad on July 23, Mr Raj has been summoned on July 30, Mr Deverakonda on August 6, and Ms Manchu on August 13. These actors were accused of promoting illegal betting apps on social media platforms.