Airtel Will Now Sponsor Team India
In a tough competition between the giant businesses houses, as well as chief telecom product like Idea and Aircel, and firms like Future Group, Hero Honda and Micromax. Telecom Company Bharti Airtel today succeeded the Indian cricket team’s abode series funding rights for a phase of three years.
Airtel won this funding right for all the three set up of games that is for test, one day and also for T-20 cricket tournament. The phase of its sponsorship will start from September 1st this year and will end on 31st march 2013. According to the deal Airtel will be paying an amazing amount of Rs 3. 33 crore, per game, which will be played during this period.
The deal was confirmed following a meeting of BCCI advertising group. After the meeting BCCI secretary N Srinivasan quoted that “Bharti Airtel has won the Series Sponsorship Rights for the period of 2010-2013 with a bid amount of 3.33 crore per Test/ODI/T20 International,”
Airtel succeeded the title from World Sports Group (WSG). And now the telecom giant is entitled to promote and advertise its brand and product on vital site at the ground. Even the stumps during the match played in this three year will carry the name of Airtel.
UK Increased Aid To Pakistan
Britain government is ready to increase its fund given to Pakistan only if the victim country gives assurance that the fund given to her is invested in the right way and it actually reaches the right person even at the ground level. United Kingdom has increased the initial amount of 30 million pound to 64 million pound which is actually double of the previous amount
Andrew Mitchell, who is secretary of International development UNO, today visited Pakistan to investigate the investment and expenditure of the British aid. He saw how the country is helping the flood victims through the donation she is getting from the country worldwide. After the thorough survey he returned back to New York to prepare the official report which he will be submitting to the concerned International organization.
If British government finds the reports and investigation to the point then only she will be increasing the aid given to the Pakistan twice of the previous amount. The help given by the UK is likely to assist millions extra in the exaggerated country.Mitchell told the UN General Assembly that it was “improper” that the global society is not helping as it should be and requested the contributor to do more for the country which is at its worst.
He assured an additional 33 million pounds to assist the downpour sufferers in Pakistan.Mitchell also cleared that the aid will be given only to executing partners as like NGOs and UN agencies.Fresh financial support will also facilitate public to reconstruct their life following the flooding, especially to farmers by providing seeds and grains so that they can revive harvesting and farming.
“It is intensely disheartening that the worldwide global country has woken late and in fact, under estimated the natural disaster.The Royal Air Force and British 15 million agenda is helping the country in constructing the broken bridge and in transporting important utensils like tents and refuge kits.
Bombay Stock Exchange Retail Investors Sold Stocks To Book Profits After Two-Session Strong Rally
In early trade as funds and retail investors sold stocks to book profits after two-session strong rally the Bombay Stock Exchange benchmark Sensex on Friday fell by over 76 points. In the previous two sessions the barometer had gained over 405 points.
It was reported that by 24.70 points, or 0.35 per cent, to 5,515.50 points, the wide-based National Stock Exchange index Nifty also declined. Broker asserted profit-booking by investors after good profit in earlier two sessions pulled the Sensex downwards. They further added, weak cues from Asian markets dampened the sentiment.
The Japanese Nikkei index fell by 1.39 per cent in morning trade and on the other hand Honk Kong’s Hang Seng Index was down by 0.69 per cent. In Thursday’s trade the US Dow Jones Industrial average ended by 1.39 per cent down.
Governing Council Of The Indian Premier League Is Meeting In Mumbai
On Friday the Governing Council of the Indian Premier League is meeting in Mumbai. They have to approve the account of IPL – III and to finalise the number of matches to be held in the 2011 edition of the Twenty20 League.
To decide on the series sponsors for Tests, ODIs and Twenty20 International for the period 2010 – 2013, in this regard the Cricket Board’s marketing committee would meet on Friday. BCCI said, Telecom service providers Idea Cellular and Airtel, along with Karbonn handset manufacturers and Micro Max, are in the skirmish for securing the series sponsorship rights.
The third meeting which is scheduled for the day is of finance committee of the BCCI’s. The highly popular IPL will features 10 teams from the next edition after addition of Kochi franchise and Sahara Pune Warriors, while eight teams were in the skirmish in the first three editions.
In terms of the number of matches sources say the organizers may go for shorter edition. They said, “Playing 94 matches are not possible especially in the month of April-May-June when IPL-IV is to be held. May be we will go for 73 – 74 matches in all”.
BP Under Accusation To Hold The Critical Oil Spill Data
The company that owned the oil rig accuses BP of withholding the crucial data regarding the oil spill. This hampers the investigation process. This is cited from the confidential document of the associated press.
As per the strict words of the BP attorney – Oil giant has in its sole possession information key to identifying the cause “of the tragic loss of eleven lives and the pollution in the Gulf of Mexico.”
The letter further said – “This is troubling, both in light of BP’s frequently stated public commitment to openness and a fair investigation, and because it appears that BP is withholding evidence in an attempt to prevent any entity other than BP from investigating the cause of the April 20 incident and the resulting spill”