Ashwin fastest to 350 Test wickets, equals Muralitharan

Agencies
October 6, 2019

Visakhapatnam, Oct 6: India's premier off-spinner Ravichandran Ashwin on Sunday became the joint-fastest to take 350 wickets, matching Sri Lankan great Muttiah Muralitharan's feat in his 66th Test.

Ashwin, who had taken his 27th five-wicket haul in the first innings of the opening Test against South Africa, castled Theunis de Bruyn with one that turned back sharply from wide outside the off-stump for his milestone wicket on day five here.

The 33-year-old took just five balls to provide India with the breakthrough in the morning session with South African chasing an improbable target of 395 runs.

The wily off-spinner has answered his critics with a stellar show in the first Test of the home season.

Ashwin, who played his first international game since December 2018, warmed the bench in the two-Test series in the West Indies in August-September with Ravindra Jadeja being the preferred choice.

Ahead of the first Test, skipper Virat Kohli had said that Ashwin remains India's go-to spinner in home conditions.

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News Network
March 22,2024

IPL.jpg

The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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