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Nimbus knocks HC doors fearing action by Centre

 Sports brodcaster Nimbus Communication Ltd has approached the Delhi high court seeking protection from the Centre's alleged threat to cancel its licence if it did not respond to the government's......

What happens in a Mumbai high-flyers club...

 Ranjita Ganesan visits The Indus Club, which is not just another old boys' club. Illustration: Dominic Xavier/Rediff.com Groucho Marx, the Hollywood comedian, quipped famously that he did not want......

Nimbus plans Rs 300 crore IPO

 Broadcaster Nimbus Communication, which operates sports channel Neo Sports, is in talks with banks to float an initial public offerfor nearly Rs 300 crore (Rs 3 billion). Sources said that four......

Nimbus seeks one-third cut in cricket fees

 Nimbus Communications, the telecast rights holder for cricket matches in India for five years, has proposed a one-third reduction in the fee by $180 million. As per the current arrangement, Nimbus......

Nimbus threatens to pull out of BCCI deal

Handicapped by the sports Ordinance biting into their advertising revenues, Nimbus today threatened to pull out of its Rs 2,714 crore (Rs 27.14 billion) five-year telecast deal with the Board of......

BCCI bosses spar over e-auction process

 The Board of Control for Cricket in India (BCCI) CEO Rahul Johri and acting secretary Amitabh Chaudhary sparred over e-mails with regards to the board's first-ever e-auction for the media rights......

Relief for Nimbus in bank guarantee forfeit case

 In a relief to Nimbus Communications, the Bombay High Court, on Friday, directed three banks to give the broadcast rights holder three days notice before forfeiting bank guarantee of Rs 2,000......

Nimbus 'acted in compliance of contractual obligations'

 A day after the Board of Control for Cricket in India scrapped its contract with Nimbus for defaulting on payments, the broadcast rights holder claimed it "acted in compliance of its contractual......

BCCI scraps broadcast deal with Nimbus

 The Board of Control for Cricket in Indiahas scrapped itscontract withbroadcast rights holder Nimbus for defaulting on payments, and forfeited the bank guarantee amount of Rs 2,000 crore. The......

IHF-Nimbus World Series not recognised: FIH

 In a move which could derail the ambitious plan of the Indian Hockey Federation to organise a World Series of Hockey in the country, the FIH has threatened to bar players and national associations......

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