UAE played role in bringing down tension between India and Pakistan: Senior Emirati diplomat
Dubai, Apr 15: The United Arab Emirates played a role in bringing down the tension between India and Pakistan and getting their bilateral ties back to a "healthy functional relationship", Emirati ambassador to the US Yousef al-Otaiba has said.
"They might not sort of become best friends but at least we want to get it to a level where it's functional, where it's operational, where they are speaking to each other," al-Otaiba said during a virtual discussion with Stanford University's Hoover Institution on Wednesday.
India and Pakistan in a surprise announcement said on February 25 that they have agreed to strictly observe all agreements on ceasefire along the Line of Control (LoC) in Jammu and Kashmir and other sectors.
Al-Otaiba himself brought up the issue while responding to a question, acknowledging his country's role in "bringing Kashmir escalation down" between the two neighbours.
"We try to be helpful where we have influence with two different countries. So, India and Pakistan was the most recent one , he said.
"We don't think they are going to become the most favoured nation to each other, but I think it's important for them to have a healthy functional relationship," he added.
In New Delhi, asked about media reports that backchannel talks between India and Pakistan were going on for more than a year, External Affairs Ministry spokesperson Arindam Bagchi did not give a direct reply.
"If you talk about channels of communication on this issue, let me just recall that our respective high commissions exist and are functioning. So that is a very effective channel of communication," Bagchi said on April 9.
India has told Pakistan that it desires normal neighbourly relations with Islamabad in an environment free of terror, hostility and violence. India has said the onus is on Pakistan to create an environment free of terror and hostility.
On the same day, Pakistan Foreign Office spokesman stopped short of categorically denying its involvement in some kind of backchannel talks with India.
Foreign Office spokesperson Zahid Hafeez Chaudhry at the weekly press briefing on April 9 was asked by several journalists about reported backchannel talks with India.
Instead of rejecting it outrightly he said: States have their ways and means to communicate which remain available even during wars. Therefore, whether any talks are taking place between India and Pakistan is not important.
He added that the real issue was what should be discussed between the two countries and how the dialogue could be made meaningful and result-oriented dialogue.
Ties between India and Pakistan nose-dived after a terror attack on the Pathankot Air Force base in 2016 by terror groups based in the neighbouring country.
Subsequent attacks, including one on Indian Army camp in Uri, further deteriorated the relationship.
The relationship dipped further after India's war planes pounded a Jaish-e-Mohammed terrorist training camp deep inside Pakistan on February 26, 2019 in response to the Pulwama terror attack in which 40 CRPF jawans were killed.
The relations deteriorated after India announced withdrawing special powers of Jammu and Kashmir and bifurcation of the state into two union territories in August, 2019.
Last month, Pakistan's powerful Army chief General Qamar Javed Bajwa said that it was time for India and Pakistan to "bury the past and move forward as he asserted that the peace between the two neighbours would help to unlock the potential of South and Central Asia.
The powerful army, which has ruled Pakistan for more than half of its 70 plus years of existence, has hitherto wielded considerable power in the matters of security and foreign policy.
Gen Bajwa's remarks came a day after Prime Minister Imran Khan made a similar statement.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Aditya Birla Group-led consortium acquires RCB for USD 1.78 billion
Bengaluru (PTI): A consortium led by the Aditya Birla Group (ABG) on Tuesday acquired 100 percent equity stake in IPL franchise Royal Challengers Bengaluru for a whopping USD 1.78 billion (approximately Rs 16,706 crore) from its current owner the United Spirits Limited.
Other parties involved in the group are -- Blackstone’s perpetual private equity strategy, BXPE, a firm of which Viral Patel is the CEO, Bolt Ventures, owned by American investor David Blitzer, and media conglomerate Times of India.
“United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100 percent equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium,” the USL said in a statement.
“The consortium comprises Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy, BXPE (Blackstone) for a total consideration of INR 166.6 bn in an all cash transaction,” the statement added.
The transaction includes RCB's men’s and women’s (WPL) teams.
“RCSPL owns and operates Royal Challengers Bengaluru (RCB) franchises that participate in the Indian Premier League (IPL) and Women’s Premier League (WPL).
“Upon completion of this transaction, the consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and WPL franchise,” said the USL.
The announcement also concluded the strategic review of RCSPL that was initiated by USL on November 5, 2025.
The United Spirits Limited is a subsidiary of UK-Diageo, and they were keen to move away from RCB as the team was not central to their business plans.
Commenting on the transaction, Praveen Someshwar, MD & CEO, USL, said: “This transaction marks an important milestone for USL as we sharpen focus on our core beverage alcohol business to unlock its true potential. RCB has grown into the most prominent and commercially successful franchise in the IPL and WPL.
“We are excited for the future of RCB under the stewardship of the new owner. As Sports enters a new phase of growth in India & globally, we believe this is in the best interest of the franchise and our stakeholders.”
Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past 2 decades, the IPL has morphed to become a global sporting powerhouse that has changed the face of Indian cricket creating enormous value for India.
“RCB, as one of the most compelling franchises in modern sport, offers the Aditya Birla Group a distinctive platform to extend its legacy of institution-building into the arena of global sport.”
As per the sale agreement, Aryaman Vikram Birla, ABG’s director, will be the chairman of RCB while Satyan Gajwani of Times of India will be his deputy.
Aryaman Birla, said: “It is a privilege to come together in this partnership to shape the next phase of growth for RCB. This partnership brings together a deep understanding of sports, media and consumer businesses.
“Together, we will continue to Play Bold -- on the pitch, in the community, and for the fans who make RCB what it is.”
Gajwani, Chairman, Times Internet Limited, said: “RCB is the reigning champion and the most popular brand in the IPL. We will build RCB into a global sporting institution, while remaining rooted in Bengaluru and Karnataka and its incredible fanbase.”
Blitzer hoped to build on RCB’s recent success.
“RCB has a world-class fanbase, and the IPL is one of the great growth stories in global sport. Having invested in clubs and leagues around the world, I believe the opportunity at RCB stands out.
We look forward to working alongside our partners and the BCCI to build on the franchise’s championship success,” he said.
Patel praised the RCB as one of the strongest sporting brands in the world.
“We are excited to invest in RCB, building on Blackstone’s long-standing commitment to India. RCB stands out as one of the most popular sports franchises in the world with a powerful brand, a loyal fan base, and multiple avenues for growth,” he added.
However, formalities such as ratification from the BCCI, IPL Governing Council, its WPL counterpart and the Competition Commission of India are still pending.
Earlier, IPL franchise Rajasthan Royals was acquired by US-based Kal Somani-led consortium for USD 1.63 billion (approx Rs 15,290 crore),
The Somani-led consortium includes Rob Walton from the Walmart family and Hamp family (Ford motor company).
Somani is an Arizona-based tech entrepreneur who has founded IntraEdge (technology services and solutions), Truyo.Ai (data privacy rights and AI governance) and Academian (edtech services).
The other contenders to buy the team, which won the inaugural trophy in 2008, were the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal.
