MAM
ICL will wait for more disclosures from Modi before acting
MUMBAI: Lalit Modi’s tweets have brought life into the Indian Cricket League (ICL), the original but defunct T20 format league floated by Subhash Chandra.
Post Modi’s revelations on how the BCCI pressurised to kill the ICL, the Essel Group has said that it will wait for further disclosures from the former IPL commissioner on how they tried to sabotage the ICL, before announcing their next move.
“Essel Sports, promoter of ICL, has received lot of queries on the recent disclosures made by a former member of the BCCI, openly admitting to having initiated various actions against the ICL operations,” Essel Group head, group finance and strategy Himanshu Mody said in a statement.
“These revelations justify our position that the Twenty20 format was conceptualised and formulated for the betterment of Indian and World cricket by ICL and the Essel Group,” Mody added.
“We await the entire details to be made public as stated by the former BCCI official and will determine the next steps accordingly,” he further added.
Meanwhile, Lalit Modi, who was also part of the BCCI at that time, wrote on his microblogging site that when he was at BCCI, the mandate given then was to scuttle ICL.
“BCCI arm twisted every cricket board and ICC to change there constitution. The constitution of every board was changed and ICC made ICL redundant by its act – by making it unauthorised cricket. Worldwide anti competition laws were studied and finally though against most Laws – the ICC changed there constitution to protect its members,” Modi said.
He clarified his stance, saying that when you work for an organisation – and it gives you a mandate to do something then – its one‘s job to do that to the best of his ability.
“Yes I was part of the BCCI when we scuttled ICL. That was the mandate of the organisation. It was not my personal agenda. I have no personal issues with ICL. I am of the personal opinion that more competition in the game is good for the game and its players. I have always done what‘s required by any organization I have worked with. Well I guess I do my job well. That‘s why I give results,” Modi wrote.
He added that BCCI was afraid of Subhash Chandra‘s clout in media and ability to take over the world of cricket. “Internally we knew he would do a better job,” Modi added.
On the steps BCCI had taken, Modi wrote: “All correspondence related to scuttling ICL and any unauthorised league – will be made available on my website www.lalitmodi.com soon.”
Finally, he added that it was a “mistake to have systematically used everything in BCCI‘s arsenal to finish ICL”.
“Yes, we as BCCI called all and sundry to oppose ICL. Cricket associations were told not to give there grounds or fear loosing matches. Players were told do not play for ICL or we will black list you. This then BCCI had to implement through change of constitution. BCCI even terminated Zee Sports contract unfairly as they had launched ICL and BCCI wanted window for IPL., Which I am told is in court now. The final straw was to offer ICL players an amnesty scheme so that they would desert ICL and join IPL. Commentators were called and told do not associate with ICL or BCCI will ensure we will not take you. Umpires were told the same. It was systematically done.
BCCI than called every member of ICC to ensure that they all help in changing the ICC Constitution to outlaw ICL. ICC set up a three member committee with me, Giles Clarke president ECB and Norman Arendse president CSA to draft the new constitution. We drafted the same and then BCCI ensured it was approved and implemented with lightening speed. Result – Demise of ICL. BCCI even went to the extent of black listing suppliers like TV Production Cos, event managers who worked with ICL. ICC used Bird and Bird a UK based law firm to ensure regulations to stop ICL was made consistent globally. The three member team worked with them,” Modi explained.
However, BCCI chief Shashank Manohar refused to react on Modi’s allegations. “I don‘t want to react at all to Mr Modi. Modi seems to fascinate the media. He does not fascinate me,” Manohar said.
Brands
Netflix India names Rekha Rane director of films and series marketing
Streaming giant bets on a seasoned marketer who helped build Amazon and Netflix into household names
MUMBAI: Netflix has put a proven brand builder at the helm of its films and series marketing in India, naming Rekha Rane as director in a move that signals sharper focus on audience growth and cultural cut-through in one of its most hotly contested markets.
Rane steps into the role after seven years at Netflix, where she has quietly shaped how the platform sells stories to India. Her latest promotion, effective February 2026, crowns a run that spans brand, slate and product marketing across originals, licensed content and new verticals such as games.
A strategic marketing and communications professional with roughly 15 years’ experience, Rane has spent much of her career building technology-led consumer businesses and new categories, notably e-commerce and subscription video on demand. She was part of the early push that introduced Amazon.in, Prime Video and Netflix to Indian homes, then helped turn them into everyday brands.
At Netflix, she most recently served as head of brand and slate marketing for India from March 2024 to February 2026, leading teams across media and marketing for global and local content portfolios. Before that, as manager for original films and series marketing, she led IP creation and go-to-market strategy for titles including Guns and Gulaabs, Kaala Paani, The Railway Men* and The Great Indian Kapil Show, spanning both binge and weekly-release formats.
Her earlier Netflix roles covered product discovery and promotion in India and integrated campaign strategy to drive conversations around the content slate, product awareness and brand-equity metrics.
Before Netflix, Rane logged more than three years at Amazon in brand marketing roles in Bengaluru. There she handled national and regional campaigns for Amazon.in, worked on customer assistance programmes in growth geographies and contributed to the go-to-market strategy for the launch of Prime Video India.
Her career began well away from streaming. At Reliance Brands in Mumbai, she worked on retail marketing for Diesel and Superdry. A stint at Leo Burnett saw her work on primary research for P&G Tide, mapping Indian shoppers’ paths to purchase. Earlier still, at Orange in the United Kingdom, she rose from sales assistant to store manager, running a team and owning monthly P&L for a retail outlet.
The arc is telling. As global streamers fight for attention in a crowded Indian market, executives who understand both mass retail behaviour and digital habit-building are prized. Rane’s career sits at that intersection.
For Netflix, the bet is simple: in a market spoilt for choice, sharp marketing can still tilt the screen. And with Rane now leading the charge, the streamer is signalling it wants not just viewers, but fandom.
Brands
Orient Beverages pops the fizz with steady Q3 gains and rising profits
Kolkata-based beverage maker reports stronger revenues and profits for December quarter.
MUMBAI: A fizzy quarter with a steady aftertaste that’s how Orient Beverages Limited, the company that manufactures and distributes packaged drinking water under the brand name Bisleri closed the December 2025 period, as the Kolkata-based drinks maker reported improved revenues and a healthy rise in profits, signalling operational stability in a competitive beverage market.
For the quarter ended December 31, 2025, Orient Beverages posted standalone revenue from operations of Rs 39.98 crore, up from Rs 36.42 crore in the previous quarter and Rs 33.53 crore in the same quarter last year. Total income for the quarter stood at Rs 42.24 crore, reflecting consistent demand and stable pricing across its beverage portfolio.
Profit before tax for the quarter came in at Rs 3.47 crore, a sharp improvement from Rs 1.31 crore in the September quarter and Rs 0.39 crore a year ago. After accounting for tax expenses of Rs 0.79 crore, the company reported a net profit of Rs 2.68 crore, nearly three times the Rs 0.99 crore recorded in the preceding quarter.
On a nine-month basis, the momentum remained intact. Revenue from operations for the period ended December 31, 2025 rose to Rs 117.66 crore, compared with Rs 106.95 crore in the corresponding period last year. Net profit for the nine months climbed to Rs 5.51 crore, more than double the Rs 2.18 crore reported in the same period of the previous financial year.
The consolidated numbers told a similar story. For the December quarter, consolidated revenue from operations stood at Rs 45.06 crore, while profit after tax came in at Rs 2.06 crore. For the nine-month period, consolidated revenue touched Rs 133.57 crore, with net profit of Rs 4.49 crore, underscoring the group’s improving profitability trajectory.
Operating expenses remained largely controlled, with cost of materials, employee benefits and other expenses broadly aligned with revenue growth. The company continued to operate within a single reportable segment beverages simplifying its cost structure and reporting framework.
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7 February 2026. Statutory auditors carried out a limited review and reported no material misstatements in the results.
In a market where margins are often squeezed by input costs and competition, Orient Beverages’ latest numbers suggest the company has found a reliable rhythm not explosive, but steady enough to keep the fizz alive.
MAM
Washington Post CEO exits abruptly after newsroom cuts spark backlash
Leadership change follows layoffs, protests and a bruising battle over trust.
MUMBAI: When the presses are rolling but patience runs out, even the editor’s chair isn’t safe. The Washington Post announced on Saturday that its chief executive and publisher Will Lewis is stepping down with immediate effect, bringing a sudden end to a turbulent two-year tenure marked by financial strain, newsroom unrest and public backlash.
Lewis’s exit comes just days after the Bezos-owned newspaper announced sweeping job cuts that triggered protests outside its Washington headquarters and a wave of anger from readers and staff. While newspapers across the US are grappling with shrinking revenues and digital disruption, Lewis’s leadership had increasingly come under fire for how those pressures were handled.
The Post confirmed that Jeff D’Onofrio, a former Tumblr CEO who joined the organisation last year as chief financial officer, has taken over as CEO and publisher, effective immediately. In an email to staff, later shared by reporters on social media, Lewis said it was “the right time for me to step aside.”
The leadership change follows the announcement of large-scale redundancies earlier this week. While the Post did not officially confirm numbers, The New York Times reported that around 300 of the paper’s roughly 800 journalists were laid off. Entire teams were dismantled, including the Post’s Middle East bureau and its Kyiv-based correspondent covering the war in Ukraine.
Sports, graphics and local reporting were sharply reduced, and the paper’s daily podcast, Post Reports, was suspended. On Thursday, hundreds of journalists and supporters gathered outside the Post’s downtown office in protest, calling the cuts a blow to public-interest journalism.
Former executive editor Marty Baron described the moment as “among the darkest days in the history of one of the world’s greatest news organisations.”
Lewis defended his record in his farewell note, saying “difficult decisions” were taken to secure the paper’s long-term future and protect its ability to publish “high-quality nonpartisan news”. But his tenure coincided with growing scrutiny of editorial independence at the Post.
Owner Jeff Bezos faced criticism for reining in the paper’s traditionally liberal editorial page and blocking an endorsement of Democratic presidential candidate Kamala Harris ahead of the 2024 US election. The move was widely seen as breaking the long-standing firewall between ownership and editorial decision-making.
According to a Wall Street Journal report, around 250,000 digital subscribers cancelled their subscriptions after the paper declined to endorse Harris. The Post reportedly lost about $100 million in 2024 as advertising and subscription revenues slid.
While the wider newspaper industry continues to battle declining print advertising and the pull of social media, some national titles have stabilised. Rivals such as The Wall Street Journal and The New York Times have managed to build sustainable digital businesses, a turnaround that has so far eluded the Post despite its billionaire backing.
As Jeff D’Onofrio steps into the role, the challenge is stark, restore confidence inside the newsroom, win back readers who walked away, and prove that one of America’s most storied newspapers can still find its footing in a brutally competitive media landscape.
-
News Broadcasting6 days agoMukesh Ambani, Larry Fink come together for CNBC-TV18 exclusive
-
I&B Ministry3 months agoIndia steps up fight against digital piracy
-
iWorld1 week agoNetflix celebrates a decade in India with Shah Rukh Khan-narrated tribute film
-
iWorld3 months agoTips Music turns up the heat with Tamil party anthem Mayangiren
-
MAM3 months agoHoABL soars high with dazzling Nagpur sebut
-
iWorld12 months agoBSNL rings in a revival with Rs 4,969 crore revenue
-
MAM6 days agoNielsen launches co-viewing pilot to sharpen TV measurement
-
Film Production2 weeks agoUFO Moviez rides high on strong Q3 earnings


