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Staff associations of mainstream lenders and regional rural banks at loggerheads over merger proposal
The All India Regional Rural Bank Employees Association strongly opposes the merger proposal, citing concerns about the treatment of RRB employees and the lack of tangible benefits from such mergers. They assert that the proposed merger is objectionable and anti-employee, highlighting historical mistreatment by larger banks and the absence of real relief for RRB staff.
New Zealand tightens rules for foreign workers looking to sponsor dependants
New Zealand has implemented new immigration rules restricting foreign workers in certain roles from sponsoring their dependents for visas, aligning with economic priorities. Changes affect Accredited Employer Work Visa holders at ANZSCO levels 4 and 5 without residency pathways. Existing visa holders and those meeting specific criteria remain unaffected.
Bank Unions write to Finance Minister for merger of RRBs with Sponsor Banks
The merger of Regional Rural Banks with Sponsor Banks, as demanded by bank unions, aims to enhance efficiency, viability, and sustainability in the banking sector. This strategic move will not only improve employee skills and governance but also mobilize deposits, streamline credit delivery, and benefit the rural population significantly.
Aditya Birla Capital to sponsor Indian team at Paris Olympics 2024
Aditya Birla Capital has partnered with the Indian Olympic Association as the Official Sponsor of Team India at the Paris Olympics 2024. The partnership includes launching a marketing campaign featuring India’s leading athletes and brand activations to generate nationwide support for the Indian Olympic contingent.
Water crisis in Delhi sponsored by BJP, alleges AAP's Sanjay Singh
AAP Rajya Sabha MP Sanjay Singh accused the BJP of deliberately creating a water crisis in Delhi to keep residents thirsty, claiming it was a conspiracy by the ruling party. Singh alleged Haryana, controlled by BJP, was withholding water supply to Delhi, leading to shortages. He criticized BJP leaders and the LG for exacerbating the crisis and urged for accountability from top BJP officials.
H-1B visa holders who moved to Canada on special work permits can now sponsor dependents
Family members of H-1B visa holders can apply for TRVs and study permits through the IRCC Portal. The Canadian government launched a new work permit program for US H-1B visa holders in 2023, offering opportunities for work and potential residency. The initiative saw overwhelming interest, with all 10,000 permits quickly claimed.
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Disney Star onboards 19 sponsors for ICC Men's T20 World Cup 2024
Disney Star announced 19 sponsors for the ICC Men’s T20 World Cup, including Dream 11, Maruti, and more. The tournament, starting on June 1 and featuring 20 teams, will have 55 matches played across the US and West Indies. Matches will be broadcast on Star Sports and streamed for free on Disney+ Hotstar.
LIC thinking of diving into health insurance pool, eyeing acquisitions
LIC is considering entering the health insurance sector, as reported by Times of India, quoting LIC chairman Siddhartha Mohanty. Mohanty stated that LIC is evaluating potential acquisition opportunities in this regard. This move aligns with expectations of the government permitting composite insurance companies in the sector.
PM Modi-led govt reshaped Budget in last 10 years: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman highlighted that over the past decade, the Modi government has transformed the Union budget from a simple expenditure record into a strategic roadmap for equitable distribution. The minister emphasized the government's commitment to optimizing the utilization of taxpayers' money by ensuring it is allocated for the most effective purposes.
US House passes crypto bill despite warnings from SEC
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
Israeli army raids West Bank's Jenin, Palestinians say seven killed
Israeli forces raided Jenin in the occupied West Bank, killing seven Palestinians, including a doctor, and injuring nine others. The operation targeted militants, with several Palestinian gunmen shot, according to the Israeli army. No Israeli casualties were reported. The raid highlights ongoing tensions in the West Bank, a territory seized by Israel in 1967 that Palestinians seek for a future state. U.S.-brokered talks on a two-state solution have been stalled since 2014.
As 'Nandini' sponsors T20 WC teams, Siddaramaiah says 'will take co-op brand to the world'
The Karnataka-based Nandini dairy brand has been announced as the official sponsor of the Scotland cricket team in the upcoming T20 World Cup in the US. Chief Minister Siddaramaiah praised the move as a significant step in making Nandini a global brand. The company, known in countries like Malaysia, Vietnam, Singapore, USA, Dubai, UAE, and UAE, is the second largest dairy co-operative in South India. KMF has 16 Milk Unions covering all districts of Karnataka.
Puma to sponsor 400 Indian athletes, signs deal with Athletics Federation of India
PUMA India has signed a multi-year deal with the Athletics Federation of India to exclusively supply performance kits, speed suits, and travel gear to Indian athletes in track & field, jumps, throws, cross country running, and marathons at domestic and international tournaments. The deal will benefit stars like Neeraj Chopra and Kishore Kumar Jena. The partnership a focuses on enhancing athlete performance and creating a culture of excellence within India's sporting community.
56% of online shoppers found ratings on eComm sites to be positively biased: LocalCircles survey
The survey assumes significance given that the government is considering making it mandatory for e-commerce companies to comply with quality norms for consumer reviews after a voluntary push failed to effectively curb fake reviews.
Advertisers make a killing this IPL
The TV reach of IPL for the first 51 matches has already surpassed the previous season's audience reach of 505 million. The digital reach of the IPL is also poised to beat the previous season's figure of 450 million, having already touched 383 million for the first 29 matches.
USA Cricket ropes Amul as lead arm sponsor of men's team for T20 WC
Amul partners with USA Cricket for ICC T20 World Cup 2024. USA debuts in Dallas, TX. Amul sponsors Netherlands' team too. USA Cricket chairman Venu Pisike said, "Amul's extensive track record of sponsoring cricket teams underscores its commitment to nurturing talent, encouraging sportsmanship, and uniting communities globally. Collaborating with esteemed brands like Amul inspires us to strive for excellence both on and off the field."
T20 World Cup: Amul to sponsor USA, South Africa cricket teams
Indian dairy company Amul has been named the Lead Arm sponsor of the USA cricket team in the upcoming T20 World Cup, starting in June. The USA will make its tournament debut as one of the co-hosts, with matches set to commence on June 1. Amul's global presence extends to the USA, where Amul milk is now available for purchase. The USA has recently emerged victorious against Canada, showcasing their potential in the cricketing arena.
IPL rights: Will consolidation rain sixes for broadcasters, or will it hit advertising run rate?
Broadcasting rights for the IPL, which are among the most lucrative in the country, are set to get consolidated from next year. Will this consolidation rain sixes for broadcasters, or will it impact the advertising run rate?
Karnataka Milk Federation to sponsor Ireland, Scotland cricket teams
The Karnataka Milk Federation, known for its 'Nandini' brand, will sponsor Scotland and Ireland cricket teams in the 2024 T20 World Cup to enhance global brand visibility. While this move has faced criticism, KMF Managing Director M K Jagadish defended it, emphasizing the aim to expand Nandini's reach internationally despite objections like TV Mohandas Pai's questioning of funds allocation.
Punjab Kings eyes 8-10% increase in sponsorship revenue
The franchise has roped in Dream11 as the title sponsor, replacing EbixCash. KentRO, BKT Tyres, Jio, Hindware, and All Seasons are the principal sponsors. It also has partners like Astral Pipes, Lava Mobile, Avon Cycles, Timex, Dazller, Campa Cola, Advance Laminates, Polaroid, and FanCode.
Disney Star, Viacom18 on a slow start this IPL season as most companies tighten ad budgets
The media-buying head of another firm said the number of clients spending on IPL has seen a decline, prompting Disney Star and Viacom18 to lower their sponsorship outlays. "The subdued market has forced Disney Star to lower the sponsorship outlays by 30-40%," the person said.
US sanctions Chinese cyberespionage firm, saying it hacked US energy industry
China state-sponsored malicious cyber actors remain one of the greatest and most persistent threats to U.S. national security, the Treasury said. The cyber security industry has labeled such entities advanced persistent threats (APTs), and the government also uses that acronym. Treasury said APT31 is a collection of Chinese intelligence officers working for the Hubei branch of China's Ministry of State Security (MSS) who carry out cyberespionage campaigns on behalf of the state.
Pakistan sponsoring terrorism at 'industry level', India 'will not skirt' this problem anymore: Jaishankar
Pakistan is sponsoring terrorism at an industry level, according to External Affairs Minister S Jaishankar. Jaishankar, during a Q&A round in Singapore, emphasized that India is not to overlook terrorists and will not skirt this problem anymore. He questioned how to deal with a neighbor who uses terrorism as an instrument of statecraft. Jaishankar said that India must find a way to address the menace and not give the other country a free pass.
Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist
Ukraine is considering dismantling its "sponsors of war" blacklist and related website, which expose companies doing business with Russia. This move follows pressure from countries like China and France. The list, though lacking legal standing, has caused embarrassment for around 50 major companies. The decision reflects Ukraine's need to soften its stance amid waning global support for its war effort. The list's future is uncertain, with the possibility of it being transferred to the Ukrainian military intelligence agency.
BCCI to set up IPL fan parks in 50 cities
IPL fan parks will feature live action, music, merchandise, food courts, and games, besides fun activations from IPL's official sponsors. In 2023, the BCCI revived IPL fan parks after three years, staging them in 45 cities.
IPL: Star Sports, Tata Play partner to offer targeted advertising starting with Indian Premier League
Tata Play and Star Sports have partnered to introduce targeted advertising during live sports broadcasts, starting from this IPL season. This industry-first move allows advertisers to reach premium audiences in India's top metro cities. The introduction of addressable ads for unconnected boxes during live IPL matches is a groundbreaking development in the Pay TV sector, offering advertisers the opportunity to target specific audiences based on region and income group.
Indian sports industry clock 11 per cent growth in revenue to ₹15,766 crore in 2023
Media spends on sports fell 1% to ₹7,494 crore last year due to a 16% decline in TV ad revenue to ₹4,620 crore, according to the latest edition of the India Sports Sponsorship Report by GroupM ESP. The lower TV ad revenue represents the ad revenue loss suffered by Star Sports from the Indian Premier League (IPL) in 2023.
Ahead of second season, Major League Cricket signs Cognizant as title sponsor
MLC expands Cognizant's sports sponsorship portfolio, including the PGA, LPGA, Aston Martin Formula 1 team, SailGP, and English Football Association, aligning with the company's passion for sports, showcasing technology-sports parallels, and increasing diversity. Six teams from MLC's inaugural season will return in 2024, featuring returning superstar players like Rashid Khan, Faf du Plessis, Marco Jansen, Quinton de Kock, Haris Rauf, and Sunil Narine.
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