MAM
Eventfaqs Media acquires majority stake in Sportzpower
MUMBAI: In a plot twist worthy of a prime-time sports drama, Eventfaqs Media has levelled up by acquiring a majority stake in Sportzpower—the B2B media brand that’s been quietly powering India’s sports, gaming, and esports chatter since before it was cool. It’s a move that blends backstage brilliance with front-page action, and positions both companies to tackle the subcontinent and the middle east like a well-coordinated tag team.
The announcement dropped on 11 April 2025, but the game plan is far from a last-minute Hail Mary. Eventfaqs, the heavyweight in India’s events and experiential marketing circuit since 2007, has made it clear: this acquisition is about scaling the turf and owning the spotlight across new markets.
“We are very excited to take a majority stake in Sportzpower and partner with the brand to assist it in achieving its goals,” said Eventfaqs Media MD Deepak Choudhary. “It is a unique collaboration that will benefit both the brands in our quest to be the leaders in our businesses in the sub-continent and the Middle East markets.”
Founded in 2008, Sportzpower built its niche through deep dives into India’s sports industry—be it cricket, football, golf or esports—delivering analysis, forums, newsletters, and more to the suits behind the stadium lights. With their signature single-sport knowledge series and dedicated forums like India Football Forum and India Pro Leagues Forum, they’ve made business-speak out of sport-speak.
Sportzpower co-founder Thomas Abraham called the deal “a thrilling moment”, adding, “It comes at an opportune time as the sports sector is growing at a scorching pace in India, and the middle east countries are now establishing their interest and growing in multiple sports, including cricket.”
Meanwhile, fellow co-founder C.P. Thomas sees the move as a launchpad. “This collaboration… will propel Sportzpower to play a pivotal role in shaping the narrative in India and beyond for these new-age industries,” he said. Translation: it’s not just about reporting the news—it’s about making it.
The synergy here isn’t just corporate fluff. Eventfaqs brings its multi-channel muscle—across digital, print, and live events—to help Sportzpower step into the international arena with bigger conferences, broader audiences, and brighter lights. And with gaming and esports booming faster than a T20 innings, timing couldn’t be sharper.
The goal? To become the dominant voice in the B2B media landscape of sport, gaming, and experiential marketing.
Think less press release, more power play.
Brands
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.
