A higher-than-expected consumer price inflation (CPI) print for March in the US has dashed hopes of an interest rate cut by the US Federal Reserve (US Fed) in June. Analysts now expect the US central bank to start cutting rates in September, provided inflation remains in check and oil prices remain supportive. The markets, analysts believe, partially factored in this possibility.
England all-rounder Tom Curran has been banned for four Big Bash League (BBL) matches after being found guilty of intimidating an umpire in a pre-match dispute, although the sentence will be appealed by Sydney Sixers, as reported by ESPNcricinfo.
David Warner credits daughters for his Big Bash League return
Notwithstanding the windfall tax placing a cap on profits, oil and gas producers like Oil India (OIL) and Oil and Natural Gas Corporation (ONGC) have done well in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23). ONGC faces the drag of poor results from its subsidiary Hindustan Petroleum Corporation, and in comparative terms, OIL is better off. Standalone net sales in Q3FY23 stood at Rs 5,900 crore - up 57 per cent year-on-year (YoY), up 2 per cent quarter-on-quarter (QoQ).
With as many as fourteen Australians taking part in the inaugural edition of the Women's Premier League, CA CEO Nick Hockley was happy to see the growth of women's cricket.
He is an acclaimed T20 freelancer but white ball commitments for England is still a priority for Liam Livingstone, one of the world's most destructive batters in the shortest format.
R Ashwin feels Pakistan will be the side to beat in Asia Cup and consistent performances from Babar Azam and Mohammad Rizwan will make them even more dangerous in the continental event.
'You're rubbing shoulders with AB (de Villiers) and Virat (Kohli) for two months, talking to them while watching other games. It's just the greatest learning experience that any player could ask for.'
A lot of focus is on how Australia will cope with the dangerous Ravichandran Ashwin on turning tracks in India.
The 45-year-old coach said that while Maxwell was eager to get back into action as quickly as possible, his rehabilitation will take time because of the severity of the injury and the metal rod inserted in his foot.
Top Australian women cricketers could earn more than A$1 million ($666,600) a year with increases from a new pay deal.
From delivering food to delivering nightmares to opposition batters, Paul van Meekeren has made a name for himself.
The 36-year-old's selection as a "gold" pick for the Adelaide Strikers in Sunday's BBL draft presented a conflict with his central contract with New Zealand Cricket (NZC), which ran to next July.
Pakistan chief selector Wahab Riaz, who had slammed fast bowler Haris Rauf for opting out of the Test series in Australia, has now defended the NOC given to him to play in the Big Bash down under.
Blessed with a glut of superb all-rounders in B Sai Sudarshan, Abhinav Manohar and Vijay Shankar, as well as bowlers like Rahul Tewatia and Rashid Khan who can smoke the opposition bowling when the situation demands, Gujarat look set to put on another big show for their fans this season.
'You're not going to appoint Warner captain of any Australian team, are you? He's too old'
IPL team owners have also bought all six franchises of South Africa's new domestic T20 league, while three IPL franchise owners
Paine has also been recently announced as an assistant coach for Australia A ahead of their upcoming series against New Zealand A which is set to begin next week.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
Indian imports of Russian crude oil may stabilise or even decline in 2024 from record 2023 levels amid shrinking discounts, lower output, and a rebound in West Asian supplies, according to the ship-tracking data and industry executives. This may impact the billions of dollars in annual savings that India made last year. Imports of Russian oil jumped by a record 140 per cent in calendar 2023 to 1.79 million barrels a day (b/d) from 740,400 b/d in 2022, when Russia marched into Ukraine in February, and from just 102,000 b/d in 2021, according to the data from Paris-based market intelligence agency Kpler.
Cricketing landscape is changing fast, need to strike balance: Williamson
"You look at the CPL which becomes more important with the next World Cup being there in the Caribbean, and how many players can you get put into that tournament to get an idea of conditions. It is an advantage,"
Institutional shareholders of Reliance Industries Limited (RIL) are expecting big-ticket announcements from the company, including timeline for listing of its telecom and retail subsidiaries. They expect this to unlock value in the company, which has seen a sharp fall in market valuation on Friday. This is due to windfall tax imposed by the Centre on refiners and oil producers.
"I think it's important that you need to have everything that you need to do, so that come 2024, you are well prepared to take on a World Cup event,"
Foreign portfolio investor (FPI) flows into India may remain tepid in 2022, said a recent note by Goldman Sachs, who now peg the foreign portfolio investment into India at $5 billion in 2022, down from their earlier forecast of $30 billion with risks skewed to the downside. "There has been $15 billion of equity outflows YTD in India already, and the IPO of the largest insurance company has been pushed out. "Additionally, with no mention of India's inclusion in global bond indices in the Union Budget, there are risks to our already conservative base case assumption of an announcement of India's likely inclusion into the GBI-EM Global Diversified Bond Index in Q4-2022," wrote Andrew Tilton, Goldman Sachs' chief Asia-Pacific economist in a co-authored report with Santanu Sengupta and Suraj Kumar.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
Rauf currently represents the Melbourne Stars in the Australian Big Bash League (BBL).
The new law will come into force with immediate effect, said the MCC.
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
Ahead of the inaugural edition of the Women's Premier League, Royal Challengers Bangalore named Ben Sawyer as head coach.
Disillusioned with the 'politics' in South African cricket administration, Brian McMillan decided to stay away from the game.
Perth Scorchers' opener Michael Klinger was given out on the seventh ball of an over with umpires failing to realise their mistake.
Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row. This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability.
The left-handed batter and India vice-captain was signed up in the recent auction, in Mumbai, for Rs 3.40 crore, the highest price for a player in the WPL auction.
Reigning Women's Big Bash League champions Sydney Thunder today confirmed having interest in Harmanpreet Kaur but denied signing the India all-rounder, contrary to media reports.
Shimron Hetmyer's Rs 8.50 crore annual IPL fees earned from Rajasthan Royals or Andre Russell's Rs 16 crore retention fee from Kolkata Knight Riders is an indication how cricket's financial landscape has changed and playing for the West Indies isn't a motivation anymore.
Russian traders have started asking for payments in ruble for their exports to India in a move that could derail trade between the two countries which gathered pace after the war in Europe. This is because Indian importers are unable to pay in ruble. The India-Russia trade gathered pace after Vladimir Putin invaded Ukraine in February this year. In the April-June quarter, India's imports from Russia were valued at $9.27 billion, up 369 per cent year on year.
A rejuvenated David Warner said he has "parked" the acrimony over his permanent leadership ban and is focused on helping Australia take series wins in India and the Ashes next year.
