'Whichever teams have the best players they get a chance to retain them.
'There is a lot of scope for new players to come in and get their maximum value, given how the auction is structured.'
The IPL governing council on Tuesday announced that each franchisee would now be able to keep a purse of USD seven million (Rs 35 crore) to bid for players.
With Cricket Australia repeatedly stressing on the "unrealistic" challenge of hosting the 16-team T20 World Cup in October-November, the likelihood of having the IPL has increased significantly in a year thrown haywire by the COVID-19 pandemic. The ICC recently pushed its final decision on the T20 World Cup to next month but the BCCI has already zeroed in on the September-October window for the tournament.
Former India captain Sourav Ganguly on Saturday reprehended the fans booing Mumbai Indians skipper Hardik Pandya, saying it is not the fault of the player if he has replaced much-loved Rohit Sharma, who shepherded the team in previous seasons.
There was some reprieve for Hardik Pandya at last as the Mumbai Indians' captain did not face crowd hostility at the Wankhede Stadium in Mumbai during their IPL clash against Delhi Capitals on Sunday.
The stock of footwear major Bata India has been the highest gainer among larger listed footwear companies since the start of the month on expectations of a recovery in the value segment, new launches and measures by the new government to boost consumption. The third largest footwear maker by market capitalisation has been trailing its peers over the past few quarters due to the slowdown in the mass segment market which accounts for a significant chunk of its revenues.
Mumbai-based Weizmann, part of a diversified group, will take to court its former partner Western Union Holdings, the American money-transfer giant, alleging that the United States-based company has imitated its trademark and logo. This, its lawyers say, constitutes a case of infringement and dilution of its intellectual-property rights.
The value of the Indian Premier League went up 6.5 per cent to USD 16.4 billion (around Rs 134,858 crore) in 2024, according to a report by American investment bank Houlihan Lokey.
A senior police officer said that militants fired at Imtiyaz Ahmad Nadroo, 25, near his house where a telecom tower is installed.
When its founder, Raghunandan Kamath, took a calculated risk, his Bollywood customers backed him all the way, say Rohith Potti and Pooja Bhula.
Titan's October-December quarter (Q3) business update claims 22-23 per cent revenue growth in the standalone jewellery sales (excluding bullion sales), implying a 4-year compound annual growth rate (CAGR) of 21.3 per cent. Store additions also looked healthy, with 21 new Tanishq stores opened in Q3, taking the total count to 466 (+43 in 9 months of FY24) including two in the US and one in Singapore. Titan added 90 stores in Q3, pushing its total retail outlets to 2,949 (including CaratLane).
'I am honoured to be picked by the Premium Indians. I am still very new to franchisee cricket eco-system outside of India so really excited about it.'
Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.
The sharp jump in shares of Kalyan Jewellers (Kalyan) has surprised many on the Street; however, analysts believe more steam could be left in the stock as the Thrissur-based gold retailer pivots to a new asset-light network expansion model. Kalyan's stock has surged 62 per cent in the past month, even as the S&P BSE SmallCap Index has gained just 5 per cent. In its latest business update, the company said its consolidated sales grew more than consensus expectations at 31 per cent year-on-year, led by strong domestic sales regardless of the volatility in gold prices.
Rayudu pulls out of MLC due to personal reasons
His value lifestyle brand Zudio signals a coming of age of retail in small town India.
According to market experts, the buyers are expected to shell out in the "range of 500 to 600 crore INR" per team in the closed-bid auction for the women's IPL.
Global coworking player WeWork has filed for bankruptcy in the US and has also started a comprehensive reorganisation and restructuring process to cut debt and strengthen its balance sheet. NYSE-listed WeWork Inc said that its centres located outside the US and Canada will not be part of this proceedings. Softbank-backed WeWork Inc, which was once valued at $47 billion, had reported a net loss of $696 million in the first half of this year.
Except for Westlife Foodworld (Westlife), a weak 2022-23 (FY23) January-March (fourth quarter, or Q4) quarter performance and a muted near-term outlook led to a downward revision of earnings estimates for quick-service restaurant (QSR) players. Brokerages have slashed estimates by as much as 10 per cent for 2023-24 (FY24) and 2024-25 (FY25). The downward revisions have weighed on the performance of listed players, who have underperformed the market with low single-digit returns over the past month.
Star India spinner Ravichandran Ashwin on Sunday hailed United Arab Emirates (UAE)'s stunning win over New Zealand in a T20I.
The stock of Godrej Consumer Products Limited (GCPL) fell about 3.7 per cent in trade after its Q3FY24 earnings disappointed brokerages and led to downgrades. Further, the stock, after a 15 per cent run-up over the past month prior to Monday's correction, had already factored in the upside from the business front. Its peer in the consumer space, Marico, too, saw a 4 per cent drop in its stock price.
Titan posted better than expected revenue growth in the March quarter of the financial year 2022-23 (Q4FY23), powered by strong demand trends in the jewellery and watch segment. Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent. The company highlighted that new buyer growth was at 15 per cent while average ticket size was up 8 per cent.
UK fashion retailer Superdry on Wednesday said it will sell its intellectual property assets in South Asia to Reliance Retail for 40 million pounds (Rs 402 crore) through a joint venture. Superdry, whose fashion line mostly includes sweatshirts, hoodies and jackets, will own 24 per cent of the joint venture while Reliance Retail, India's largest retailer, will have the remaining 76 per cent. Under the agreement, Superdry's brand IP assets in South Asia will be permanently transferred to the new JV entity.
Adani Sportsline shelled out a massive Rs 1289 crore for the Ahmedabad team, which emerged the most expensive franchise.
The controversy surrounding the Indian Premier League's Kochi franchise took yet another political turn on Thursday as Lalit Modi was accused of working under the pressure of Gujarat Chief Minister Narendra Modi to take away the bid to Ahmedabad.
Mohammed Shami believes there is no better way to maintain optimum fitness than playing matches regularly.
HDFC Bank Q4 review: HDFC Bank's January-March quarter (Q4) results, for financial year 2022-23 (FY23), brought no cheer to investors as elevated costs, and merger-related uncertainties continue to dent the sentiment. Moreover, analysts fear that merger-related costs may put pressure on margins and cost to income ratio in the near-term, while the return on equity could moderate owing to low leverage of the parent. Analysts, therefore, opine that the stock's re-rating may be some time away. "While the risk of a de-rating on a standalone basis appears to be quite low given that the business performance is holding up well, we believe a re-rating in the stock would happen as and when more clarity emerges on the smooth transition (merger)," said a report by Sharekhan.
Indian business enterprises showed keen interest in the inaugural edition of the Sri Lanka Premier League, buying all the seven contesting franchises on offer, even as the Board of Control for Cricket in India decided not to allow its players to participate in the Twenty20 league.
The BCCI has recruited VPS Healthcare as the official COVID-19 testing agency for the upcoming IPL, where more than 20,000 tests will be conducted for nearly three months.
Rohit has been enduring a second consecutive poor IPL season with the bat
Some franchises, says Bikash Mohapatra, are uncertain whether their best interests are addressed in decision-making by the IPL's governing council.
India Head Coach Rahul Dravid said that "targeted" players for the ODI World Cup will be playing the IPL as it will help them assess their T20 skills.
'Early stages in the tournament, good batting tracks, you get to your highest score, you're playing for a new franchisee, it can only boost your confidence.'
Lakme, India's first make-up and beauty brand, turned 70 this year and is also present in Hindustan Unilever's club of brands with a turnover of over Rs 1,000 crore. Over the past seven decades, the brand has evolved and is no longer just a beauty brand, but has also transformed into a skincare brand. Lakme has increased its digital presence as well as innovations and now sees a third of its growth come from new innovations.
Quick service restaurant McDonald's India (West and South) on Thursday said it will now also display Allergen & Nutritional information for the entire menu of in-store and on McDelivery app to enable customers to make the right food choices. McDonald's India (West and South) has also eliminated artificial colours, artificial preservatives and artificial flavouring from select food items, said a statement issued by the Quick service restaurant (QSR) chain on World Health Day. "McDonald's believes that consumers should have easy access to nutritional information to help them make informed food choices.
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
Newly-formed Indian Premier League (IPL) franchise Kochi is mulling to appoint former Australian captain Steve Waugh as a key adviser and technical consultant to the team.
Gambhir said India need to identify fearless players and have a mixture of cricketers in the 50-over format.
IPL: TV remains relevant but be more takers for digital medium
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