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  • Times Mobile brings home the Pepsi IPL play


  • PUMA cashes in on Cricket fever

    MUMBAI: PUMA is all set to take cricket digital with the launch of its Facebook application - PUMA Finger Bash.

  • Rediff.com introduces new redesigned website

    MUMBAI: Rediff.com has launched the new version of its website featuring a new and enhanced homepage sporting a tiled

  • Life OK ropes in Madan Lal for its crime show

    Submitted by ITV Production on Apr 05, 2013
    indiantelevision.com Team

    NEW DELHI: Life OK has roped in ex-cricketer Madan Lal for the special episodes of its crime based drama show Hum Ne Li Hain Shapath - Cricket Special in order to cash in on the cricket fever that has gripped the country with the beginning of IPL season 6.

    The TV series will mark the debut of this legendary cricketer, who was a key member in the 1983 World Cup winners Team India.

    Hum Ne Li Hain Shapath - Cricket Special will now focus on the world of cricket and some interesting stories on and off the cricketing field.

    The veteran cricketer will play the role of a cricketing expert in the TV series and will assist the team of Shapath cops to solve cricket crimes. Madan Lal has begun shooting for the show and his episode goes on air on 6 April.

    Says Madan Lal, "This is the first time I will be seen in a TV series and the best part is that I will be seen playing myself in the show. I am hoping my audiences like and accept me in this avatar, as they always have."

    Meanwhile, TV actress Mala Salariya who was previously seen playing Ananya in Life OK?s Dil Se Di Dua?Saubhagyavati Bhava now joins the team of Shapath as a new police officer.

  • Indian M&E sector needs to look beyond cricket and Bollywood: Dominic Proctor

    MUMBAI: GroupM Global president Dominic Proctor believes that the Indian media & entertainment industry should mo

  • Capitalism can learn a lesson from sports, says Roger Martin

    Submitted by ITV Production on Oct 08, 2012
    indiantelevision.com Team

    MUMBAI: Roger Martin, the Dean of the Rotman School of Management at the University of Toronto in Canada, feels capitalism has a lesson or two to learn from sports in order to correct the discrepancies in the ideology.

    According to Martin, there are two kinds of games being played in capitalist system, the real game and the expectations games. The real game is one where organisations create real value by making real investments to create real products; on the other hand, the expectations game is one which investors buy shares in a company on the basis of expectations of likely performance of that company.

    Drawing a parallel between Cricket and democratic capitalism, Martin said, "Capitalism can learn a lesson from all modern sports - whether American football or Indian cricket for that matter. Each major spectator sport actually involves a real game and an expectations game. In the real game of cricket, batsmen, bowlers and fielders take a real pitch and play real wickets, make real outs and score real runs. Eventually there is a real winner and real loser."

    In an interview to DNA, Martin also said that there is an associated expectations game: betting on cricket matches. "In this game, imagine what will happen when the teams take the field and on the basis of those expectations place their bets. On the basis of those bets, bookmakers adjust the odds against the favourites and for the underdogs to balance the amount of money bet on either side."

    Martin believes that "betting odds in a cricket match are identical to the stock price in capitalism" as both are products of the expectations market.

    "The world of sports is clear about the relationship between the expectations market and the real market: they must be kept separate. If they are not kept separate - that is, if players in the real game are allowed to participate in the expectations game - they will wreck the real game. Cricket fans know this from the 2010-11 betting scandals in cricket in Pakistan. There key players were accused and tried for influencing the results of real games to aid bettors in making illegal profits in the expectations game."

    That‘s where the similarities between sports and capitalism end as the latter encourages its stakeholders to play in the expectations market.

    "In great contrast to the world of sports, capitalism not only allows, but also insists on the key players in the real market playing in the expectations market. CEOs and other key executives are forced to take a significant portion of their compensation by way of stock-based compensation. In doing so, capitalism threatens the health of the real game. On this front, capitalism is not as smartly managed as cricket," he avers.

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    Roger Martin
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