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Day: April 18, 2014
(Disclosure:I am market making in RBL Bank)
RBL Bank,earlier known as Ratnakar Bank, on Thursday said it had signed an agreement to become the principal sponsorand banking partner for Indian Premier League (IPL) teamDelhi Daredevils. As part of this association, the RBL Bank brand will now be seen on the Delhi Daredevils’ jerseys.
“I am personally excited with this association… This opportunity gives us a fantastic platform to present our new bank brand to the audience. The Delhi team was a natural fit because of our growing presence in the NCR (national capital region),” Vishwavir Ahuja, managing director and chief executive officer, RBL Bank, said in a statement.
The bank and the cricket team plan to do various activities through and after the tournament to leverage this partnership. Some of the initiatives involving cricket fans have been planned by both the partners and will be announced soon.
The seventh edition of IPL started on Wednesday in Abu Dhabi, United Arab Emirates, and will return to India on May 2.
“The new management at the bank is a high energy team, and we feel the great synergies with the Daredevils are bound to take this partnership far. The bank is one of India’s fastest growing, which perfectly complements the fast pace of T20cricket,” Hemant Dua, chief executive officer of Delhi Daredevils, said.
GMR Sports, Delhi Daredevils’ franchise owners, is backed by the GMR Group.-from BS
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Robert Vadra’s favorite song
They say land is gold. That's why traditional brass businessman Mr Vadra's SUV plays this on loop: Duniya pittal Di, Baby doll main sone di
— Kamakaze✒کاماکازے (@kamleshksingh) April 18, 2014
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A taciturn man in a black SUV
A taciturn man in a black SUV started buying up tracts of arid agricultural land around this small town in the western Indian state of Rajasthan in 2009.
He would sit in the parking lot outside the one-story concrete building that houses the land office and dole out cash for sellers from the back seat, according to real-estate brokers and a local government land official.
The buyer represented by the man in the SUV, according to state land records, was Robert Vadra, a member of India’s powerful Nehru-Gandhi political clan, whose Congress party leads the country today and has for much of its more-than-66-year post-colonial history.
Soon after he began buying, the federal government announced plans to promote large-scale solar-energy production, a land-intensive project for which the area was well-suited. He continued buying land, and in 2011 the state, too, announced solar incentives. The value of the land Mr. Vadra bought soared sixfold within three years, a state record of land transactions shows.-from WSJ
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Cartoon:People always assume
