MAM
Commonwealth chess championships from 20 April
MUMBAI: The Commonwealth Chess Championships along with the International Open Chess Tournament will be held in Mumbai at the Tulip Star Hotel in Juhu from 20-27 April. Doordarshan will air the crucial matches live.
In addition, the live webcast will take place on the Commonwealth Chess Championship site. Word will be spread across prominent chess sites about the event. The Union Bank of India is one of the associate sponsors. The Maharashtra Chess Association (MCA) chairman RM Dongre said that a title sponsor is expected to be found within the next three days.
As reported a couple of months ago by indiantelevision.com over 30 grandmasters and 50 international masters will participate. The opening event, which takes place on 19 April, sees 15-year old Koneru Humpi playing games at the same time with 20
players. She gets a shot at both the women’s as well as men’s Commonwealth title.
Another major attraction is eight-year old prodigy Prasanna Rao. He had 11 wins in as many games at last year’s Bournvita Chess Championship’s under eight for boys.
In order to boost interest among school kids in the city the event will have under 8, 10, 12,14,16 and under 19 categories. The ten rounds take place in the morning from 9-1 pm and 2-6 pm in the evening. Grandmasters participating include Uzbekistan champion
Ruslan Kasimdzhanov, Maharshtra’s Abhijit Kunte, Indian veteran Pravin Thipsay.
The prize money for the entire tournament is Rs 500,000 and the winner will get Rs 1,25,000. The Venus Chess Academy, which is affiliated to the All India Chess Federation is organising the event. The academy has acquired 2000 square feet space in Juhu and will start coaching for kids below the age of 15 from 14 April.
Brands
Oyo parent Prism appoints former Sebi chief Ajay Tyagi to Board
Former market regulator joins Prism to strengthen governance for IPO
NEW DELHI: Prism, the parent entity of Oyo, has appointed former Sebi chairman Ajay Tyagi as an independent director, as the hospitality firm gears up for its planned Rs 6,650 crore initial public offering (IPO).
Tyagi, a 1984-batch IAS officer, served as chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. His appointment is aimed at strengthening the company’s governance framework and providing strategic oversight as it moves closer to a public listing.
He joins a high-profile board that already includes several prominent names from global business and policy circles. These include Troy Matthew Alstead, former CFO and group president of Starbucks; Aditya Ghosh, co-founder of Akasa Air; Deepa Malik, paralympic athlete and Padma Shri awardee; William Steve Albrecht, professor of accountancy at Utah State University; and Bejul Somaia, partner at Lightspeed Venture Partners.
Prism founder Ritesh Agarwal, said Tyagi’s experience in capital markets regulation and public-institution stewardship will be critical as the company scales operations and enhances long-term accountability.
The company recently filed preliminary papers with Sebi to raise Rs 6,650 crore through a confidential route. Market sources estimate its valuation will be in the range of $7 billion to $8 billion.
Over the course of his career, Tyagi has held senior roles in the ministry of finance, where he oversaw investment policy and financial-sector reforms. His induction to the Prism board signals a renewed focus on aligning the company’s internal standards with the stringent requirements of public markets as it advances toward its IPO.
