MAM
Maruti in $ 1 million sponsorship deal for cricket World Cup website
MUMBAI: ICC internet partner Indya.com kicked off its campaign for the globe’s biggest cricketing carnival with the official launch today of its World Cup dedicated website cricketworldcup.com.
The launch coincided with the confirmation that car major Maruti had come on board the site as presenting sponsor for cricket’s headline event. In what is being termed as the biggest online advertising deal negotiated in India in recent times, Maruti has committed somewhere in the region of $ 1 million (Rs 45 million) for the privilege of owning “most of the real estate” on the site, sources close to the developments say.
Ajay Vidyasagar, Star India executive vice-president content and communications, while refusing to offer any comment on the size of the deal, said: “Maruti has made a significant investment in partnering with us and this is the only engagement we are announcing for the present.”
“Maruti has always been at the cutting edge of technology and have always been open to explore and experiment with new ideas,” NDTV Media CEO Raj Nayak, whose company has been given the mandate to sell advertising for Indya.com for the World Cup, said. “I think this is a testimony to the power of the worldwide web,” Nayak added.
It may be recalled that earlier, the sponsorship packages on offer involved one presenting sponsor and four associate sponsors. This has all changed because of the size of the deal Indya has negotiated with Maruti. There will now be far less inventory available for other potential sponsors than had been originally envisaged, Vidyasagar explained.
Speaking about cricketworldcup.com, Vidyasagar said, “We are committed to provide the most comprehensive and definitive website of the game during the tournament and assure our users an online experience that they will find unparalleled.
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Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
