Chinese smartphone manufacturer Vivo has opted out of the Indian Premier League 2020 title sponsorship after a disagreement with India’s cricket board over a discount on the sponsorship fee.
Top officials in the Board of Control for Cricket in India told ET that Vivo had been looking for a reduction in the sponsorship sum due to the Covid-19 disruption.
The move came less than 48 hours after the IPL governing council announced that all the sponsors of the league would be retained. Officials said Vivo executives had been trying to get some clarity on IPL since June, but BCCI did not pay any attention.
Once it was clear that the league would not be played in India, Vivo decided to invoke clauses of their agreement that allow it to renegotiate the deal if IPL moves out of the country.
A massive explosion rocked Beirut, flattening much of the city's port, damaging buildings across the capital, and sending a giant mushroom cloud into the sky.
The blast struck with the force of a 3.5 magnitude earthquake and it was heard and felt as far away as Cyprus more than 200 kilometres (180 miles) across the Mediterranean.
The cause of the blast was not immediately known, but initial reports suggested a fire had detonated a warehouse at the port. The explosive such as Sodium and Ammonium nitrate are alleged to have been detonated.
Prime Minister Narendra Modi has laid a foundation stone for the construction of Ram temple at Ram Janmabhoomi site that's been at the center of the country's most politically and culturally divisive land dispute.
For decades, Hindu groups have campaigned for a temple to Lord Ram be built at the site where a 16th-century mosque stood before it was demolished in 1992.
After years of legal battles, the Supreme Court in November 2019 granted Hindu groups permission to build the Ram Temple at the centuries-old Ayodhya holy site, effectively ending the dispute.