Washington: Indian American software magnate Vivek Ranadive, who has become the first person of Indian descent to become the owner of a major US basketball team, plans to build the Sacramento Kings into a global brand.
"It's going to be exciting," he told the USA Today after securing an agreement to buy 65 percent of the Kings from the Maloof family for a National Basketball Association (NBA) league-record valuation of $535 million. "We're going to build a global brand with the Kings. We're going to give the fans the product that they deserve," the minority owner of Golden State Warriors said on achieving his longtime goal.
The development came just a day after NBA owners officially rejected a bid by the Maloofs, who have owned the team since 1998, to relocate the Kings from Sacramento, California, to Seattle, Washington. "It's a little bittersweet, obviously because I'm a huge Warriors fan and I have a lot of friends here," Ranadive told USA Today Sports. "I'm very, very excited to start the new (challenge)."
Ranadive, who left India as a 17-year-old to attend MIT and later founded his $4 billion company in Silicon Valley, Tibco, has the sort of competitiveness and deep pockets that could lead one of the league's most poorly run franchises back to respectability, the USA Today said. NBA Commissioner David Stern has made a concerted effort of late to grow the game in Ranadive's native India, where "basketball is but a blip on their sporting
11:14 PM, May 17, 2013
New Delhi: India is likely to press for access to Tahawwur Hussain Rana, and wife and two girlfriends of Mumbai attack terrorist David Headley during Home Minister Sushil Kumar Shinde's visit to the United States next week. Government sources said though India got access to Headley, who carried out a recce of the 26/11 targets for the Pakistan-based terror outfit Lashkar-e-Taiba, the US has not given any opportunity to question...
08:00 PM, May 16, 2013
New Delhi: With BJP's debacle in Karnataka following corruption charges clearly on his mind, new Chief Minister Siddaramaiah on Wednesday said he will have people with clean image in his Cabinet to be formed in a couple of days. 64-year-old Siddaramaiah, who took over as the Chief Minister on May 13, reached Delhi on Wednesday afternoon and will hold consultation with central leadership on the composition of his Cabinet. "Right...
06:40 PM, May 15, 2013
Mumbai: Himachal girl Kangna Ranaut entered filmdom with hit crime-romance 'Gangster - A Love story' and the actress, whose latest release 'Shootout At Wadala' also did well, feels gangster thrillers are lucky for her. "I think gangster-based films are very lucky for me. My debut film 'Gangster' in 2006 was successful, then came 'Once Upon A Time In Mumbaai' and now 'Shootout At Wadala'," the 26-year-old said here Tuesday at...
04:20 PM, May 15, 2013
New Delhi: Oil Ministry's proposal for an across-the-board near doubling of natural gas prices has been rejected by the Cabinet Secretariat saying a ministerial panel headed by Defence Minister AK Antony did not have powers to do so. The Ministry had sent a draft proposal for the consideration of the Empowered Group of Ministers (EGoM) to price all domestically produced natural gas - be of state-run ONGC or private sector...
04:18 PM, May 15, 2013
New Delhi: External Affairs Minister Salman Khurshid will visit Saudi Arabia on May 24-27, the first visit by an Indian foreign minister in the last five years, during which the kingdom's Nitaqat work policy, regional and international issues would be discussed. Then external affairs minister Pranab Mukherjee had visited Saudi Arabia in 2008. Khurshid's visit comes days after the trip of a high level Indian delegation, led by Overseas Indian...
11:40 PM, May 14, 2013
Critically acclaimed actor Rajesh Sharma, who has acted in films such as "Maachis", "Ishqiya", "No One Killed Jessica", "The Dirty Picture" and "Luv Shuv Tey Chicken Khurana", joined IBNLive readers for an interaction on his future projects and his experience of acting in the Bengali film "Kagojer Nouka (Paper Boat)" which is based on the chit fund bust in eastern India. Q. Will this movie have English subtitle..for those who...
03:25 PM, May 14, 2013
Dhaka: Thousands of mourners gathered on Tuesday at the wreckage of the Bangladesh's worst building disaster to offer prayers for the 1,127 people who died when the eight-storeyed structure collapsed in April. The Islamic prayer service was held a day after the army ended the nearly three week, painstaking search for bodies among the rubble and turned control of the site over to the civilian government for cleanup. A statement...
03:21 PM, May 14, 2013
Mumbai: 'The Bachelorette India - Mere Khayalon Ki Mallika', an upcoming reality series, is in search of a new host and the production house is reportedly approaching actor Ayushmann Khurrana for it. According to sources, the production house first approached Ronit Roy to host the show, but the actor refused to take up the offer as he is busy with other projects. It is said that the production house is...
12:09 PM, May 14, 2013
Guwahati: The recent Delhi gangrape shook the conscience of the nation, President Pranab Mukherjee on Monday said and underlined the need to ponder and "reset the moral compass" of the society during this difficult time. "Sometimes certain events shake the national conscience. Recently the brutal rape on a young woman in Delhi shook the conscience of the whole nation and it compelled us to sit back and think where we...
09:25 PM, May 13, 2013
Telugu actor Gopichand tied got married to Reshma yesterday. The wedding was a grand affair and took place at the N-Convention hall in Hyderabad. Several top notch film and politicians attended the marriage. Gopichand's wife Reshma is the niece of hero Sreekanth. The guest list included Muralimohan, Pawan Kalyan, Krishnam Raju, Prabhas, Jagapathi Babu, Allu Arjun and his wife, Balakrishna's wife Mrs Vasundhara, Sreekanth, Rana, Siddharth, Rajasekhar, Aadhi, Gopimohan, Brahmanandham,...
01:25 PM, May 13, 2013
New Delhi: President Pranab Mukherjee on Sunday said nursing has evolved into a modern medical profession and nurses have become an indispensable part of the country's health care system. "Nurses form a large part of the health workforce and are the backbone of the health care system. They are pivotal in the hospital-doctor-patient paradigm," the president said while presenting the National Florence Nightingale awards to nursing personnel here on the...
05:59 AM, May 13, 2013
Cast: Akkineni Naga Chaitanya, Sunil Varma, Tamannaah Bhatia, Andrea Jeremiah, Ashutosh Rana, Rama Prabha, Brahmanadam, Raghu Babu, Jayaprakash Reddy, Vennela Kishore and Srinivasa Reddy Director: Kishore Kumar Pardasani Rating: 2 out of 5 I think we have come to the point in Indian cinema where there is no room for logic, thanks to commercialism. We are a century old industry and yet take pride in celebrating mediocrity because we have...
07:21 PM, May 12, 2013
Dubai: Malayalam super star Mohanlal was among the list of personalities from the Malayalam film industry to receive awards at the inaugural Indian Movie Awards in Qatar (IMAQ 2013) at a function in Qatar's capital, Doha Others who received awards at the event Friday were actors Prathap K Pothan, Biju Menon, Salim Kumar, T G Ravindranathan, music director M Jayachandran, upcoming talents Fahad Fazil, Reema Kallingal, Isha Talwar, Aju Varghese,...
10:35 AM, May 12, 2013
Mumbai: National-award winning actress Kangana Ranaut, who registered her first hit this year with 'Shootout at Wadala', says the ups and downs in her filmy career have all been worth it as she got to work with big names and bigger projects. After tasting success with 'Gangster', 'Fashion', 'Once Upon A Time In Mumbai', 'Raaz-2', 'Tanu Weds Manu', the 26-year-old also went through her share of flops in 'Tezz', 'Miley...
12:03 PM, May 11, 2013
Actor Siddharth and Hansika Motwani are acting as the lead couple in a film titled 'Something Something'. Actress Khusboo's hubby Sunder C is the director of this film and the audio launch of this bilingual film will be done on 12th of this month. The latest news is that Rana Daggubati and Samantha have played guest roles in this film. Siddharth has finished the dubbing for the film and the...
06:47 PM, May 10, 2013
