Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Tata Group retains IPL sponsorship rights for record $300m

The money-spinning championship has hundreds of millions of viewers worldwide. (AFP)
  • Tata Group already holds the title sponsorship for the IPL and its sister competition, the Women's Premier League, which staged its first tournament last year
  • The IPL attracts cricket's top international stars with bumper salaries, and features 10 sides competing in the sport's hugely popular Twenty20 format

New Delhi, India – Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for five years, for a record sum of $300 million, the national cricket board said on Saturday.

Tata already holds the title sponsorship for the IPL and its sister competition, the Women’s Premier League, which staged its first tournament last year.

Board of Control for Cricket in India (BCCI) Secretary Jay Shah said the “unprecedented financial commitment reflects the immense scale and global impact of the IPL on the international sports stage”.

The IPL attracts cricket’s top international stars with bumper salaries, and features 10 sides competing in the sport’s hugely popular Twenty20 format.

The money-spinning championship has hundreds of millions of viewers and pioneered the T20 franchise model in cricket, which has since been replicated around the world.

Last June, BCCI sold the broadcast rights for the next five IPL seasons to global media giants for an eye-watering $6.2 billion.

IPL chair Arun Singh Dhumal said the Tata group’s IPL title sponsorship for 2024-28 “reaffirms the IPL’s position as a premier sporting event with global impact”.

T20 cricket is set to feature as one of five new sports at the 2028 Olympic Games in Los Angeles after being approved by the International Olympic Committee last year.