Enforcement Directorate

ED raids Vivo, other Chinese firms in money laundering case

The Enforcement Directorate (ED) on Tuesday conducted raids at nearly 40 locations in Uttar Pradesh, Madhya Pradesh, Bihar, and in southern states, in connection with a prevention of money laundering case linked to Vivo and associated Chinese firms. Jul 6, 2022
IPL 2022

IPL teams commanding higher valuations than global football counterparts

Revenue CAGRs of Manchester United (MANU), Juventus and Borussia Dortmund have been at 1.1 per cent, 4.7 per cent and 4.0 per cent, in the past seven years, with a TTM price-to-sales of 2.4x, 1.7x and 1.1x, respectively. Conversely, IPL teams' revenue CAGR has been more than 10 per cent in the past seven years, commanding a much higher valuation than football counterparts, mainly due to higher revenue growth and stellar viewership. Jun 4, 2022