Sindhu seizes semifinal spot at Macau Open

November 27, 2015

Macau, Nov 27: Two-time defending champion P V Sindhu remained on course for retaining her women's singles title as she reached the semifinals with a hard-fought three-game win over China's Chen Yufei at the USD 120,000 Macau Open Grand Prix Gold here today.

sindhu-pti

World No. 12 Sindhu surpassed Chen 21-13 18-21 21-14 in a quarterfinal match that lasted 54 minutes to emerge as the lone Indian survivor after men's singles players B Sai Praneeth and H S Prannoy bowed out.

The two-time World Championship bronze-medallist, Sindhu will next square off against the winner of the match between Japan's Sayaka Sato and Japan's Akane Yamaguchi.

It was a disappointing day for Praneeth and Prannoy as their fight ended with losses against Malaysia's Goh Soon Huat and Indonesia's Ihsan Maulana Mustofa respectively.

Praneeth, seeded 15th, fought for an hour and 10 minutes before losing 16-21 23-21 13-21 to Goh Soon Huat, while seventh seed Prannoy squandered a first-game advantage to go down narrowly 21-18 19-21 11-21 in 59 minutes.

In women's singles, Sindhu stamped her authority early in the match as she zoomed to a 8-1 lead. However, Chen narrowed it down to 7-8 but the Indian was alert enough to soon distance herself from the Chinese, eventually pocketing the first game with a four-point burst.

In the second game, Chen showed her prowess as she opened up a narrow 5-2 lead and entered the break with a 11-7 advantage. The Chinese continued to march ahead after the interval and staved off the challenge from Sindhu, who kept breathing down her neck for most part of the game, to roar back into the contest.

In the decider, fifth seed Sindhu changed gears and didn't allow Chen to come near her as she lead 7-3 initially and kept moving ahead to eventually close the issue without much ado.

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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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