Bindra shoots down gold in Asian Air Gun Championships

September 28, 2015

New Delhi, Sep 28: Beijing Olympics champion Abhinav Bindra clinched the gold, while London Games bronze medallist Gagan Narang failed to finish on the podium, in the men’s 10m Air Rifle event of the Asian Air Gun Championships here today.

Bindra
The 32-year-old Bindra, who won gold in 2008 Olympics in 10m Air Rifle event, shot 208.3 to bag the top prize ahead of Kazakhstan’s world number eight Yurkov Yuriy (206.6) and Korea’s Yu Jaechul (185.3) on the first day of competition, at the Dr. Karni Singh Shooting Range.

Narang, who won a bronze in the same event in 2012 London Olympics, finished fourth with a score of 164.5 while another Indian, Chain Singh was two places below at seventh after notching up 122.7.

Narang started on a good note, shooting 10.6 and 10.6, but fell behind in the following attempts while Chain Singh was out after a shoot-off with Korea’s Kim Dajin.

Bindra, however, maintained his consistency and was way ahead of the rest of the pack when the finals ended.

“A lot of training has gone into it. I am always trying to do the best I can. It may look easy but I can guarantee it’s very, very tough,” Bindra said after his triumph.

“It’s always good to win medals. I can’t call it a practice, but yes it’s good preparation for Rio Olympics because there were medals at stake. When there is a medal involved we can’t call it practice because there is varying degree of pressure,” he said.

Asked if there’s rivalry with Narang, Bindra responded in the negative.

“There is no rivalry with Gagan, it’s only for the media. We are well entertained by our sport,” said Bindra.

India’s rifle coach Stanislav Lapidus was never in doubt about Bindra’s chances in the tournament.

“There was no doubt about his result, I was expecting it, but with Gagan, it was different. He is preparing for the future,” Lapidus said.

India won the gold medal in the 10m air rifle team event too with Bindra, Narang and Chain Singh shooting a total of 1868.6. The Korean team of Kim Dajin, Yu Jaechul and Chain Singh (1859.1) finished second and Saudi Arabia’s Mesfer Abound Alammari, Faiz Anazi Ali and Mubarak Mesfer Aldawsari (1824.8) took the third spot.

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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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