MAM
Entries invited for Cannes scholarship
MUMBAI: The Times Group, the official representative of Cannes in India, along with The Advertising Club Bombay, is holding a contest to provide students an opportunity to earn the prestigious Cannes Lions Academy Diploma.
The applicants will have to appear for a written test on 3 May 2003, followed by the making of a theme based creative ad at a venue to be announced later, states an official release. The short-listed candidates will be required to participate in a group discussion, followed by an interview 10 May 2003, the release adds.The winner will be declared on 12 May s2003.
While the contest is open only to Ad Club student members, others can also participate by paying a registration fee of Rs 200 before 30 April 2003 between 10.30 am to 3.00 pm.
The winner will get an all expenses paid seven-day trip to the Cannes Advertising Festival plus the Cannes Lions BA Scholarship involving one week of training under Michael Conrad who was earlier with Leo Burnett Worldwide.
Applicants must possess a valid passport and be final year students of an applied commercial art course, BMM( Bachelor of Mass Media), B.Com (vocational advertising) or fine arts degree course.
Brands
RPSG’s Sudhir Langer exits days before IPL 2026
Timing sharpens focus on stake sale buzz and LSG’s tightening financial playbook
MUMBAI: RPSG ( RP-Sanjiv Goenka) Ventures has sprung a late leadership surprise just as the IPL drumroll begins. Sudhir Langer will step down as whole-time director and from the board effective March 31, days after the 2026 Indian Premier League season kicks off on March 28.
The timing is hard to ignore. RPSG Ventures owns Lucknow Super Giants, and Langer’s exit lands in a narrow pre-tournament window when operational focus is typically at its peak.
The move also coincides with chatter around a potential stake sale. According to a Moneycontrol report, the RPSG Group, led by Sanjiv Goenka, is exploring options to offload up to a 15 per cent stake in the franchise. There has been no official confirmation.
RPSG had acquired the Lucknow franchise in November 2021 for Rs 7,090 crore, among the highest bids in IPL history. The team operates under RPSG Sports Private Limited and carries a sizeable annual franchise fee obligation of Rs 709 crore through FY31.
Financials underline both scale and strain. The franchise remains heavily reliant on central revenue distribution from the Board of Control for Cricket in India. In H1 FY26, it received Rs 399 crore as its share of franchise rights, compared with Rs 458 crore in FY25, the single largest contributor to income.
Total revenue for H1 FY26 stood at Rs 495.9 crore, with profit at Rs 63.7 crore. Yet FY25 saw a softer showing: revenue fell about 20 per cent to Rs 557 crore, weighed down by fewer matches and a lower league finish in the 2024 season. Growth has since been modest, with H1 FY26 revenue rising roughly 3 per cent year on year.
That leaves LSG balancing on a familiar IPL tightrope: strong central inflows, volatile on-field-linked earnings and a hefty fixed fee burden.
With a leadership exit, stake-sale speculation and a new season about to begin, Goenka’s cricket bet is entering a decisive phase—where timing, performance and capital strategy will all have to click.
