India now No. 1 team in all formats of cricket

News Network
February 15, 2023

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Dubai, Feb 15: India on Wednesday claimed the top spot in the latest ICC Test rankings to become the number one ranked side in all three formats of the game.

India’s big innings and 132-run win over Australia in the first Test catapulted the ‘Men in Blue’ to the top spot, dislodging the Pat Cummins-led team.

Already the top T20 side, India had reached the number one spot in ODIs last month after beating New Zealand 3-0.

India (115) are four rating points ahead of Australia (111) in the Test rankings and a win in the second Test, starting Friday, will not only consolidate their top spot but also aid their push for entering second consecutive World Test Championship Final.

India need to win the four-match Border Gavaskar Trophy 3-1 or 3-0 to make the final.

Among individuals, India off-spinner Ravichandran Ashwin jumped to the second spot in the Men’s Test Bowlers Rankings following his eight-wicket show against Australia in Nagpur.

Left-arm spinner Ravindra Jadeja, who made a successful comeback after almost five months due to a knee injury, has moved up to the 16th position, courtesy his player-of-the-match winning effort in the Border-Gavaskar Trophy series-opener.

The spin duo haunted Australia in the first Test between by sharing 15 wickets between them as India won by an innings 132 runs inside three days.

Ashwin ensured India wrapped up a stunning victory before tea on the third day, as the veteran off-spinner took 5/37 in the second innings to go with 3/42 earlier in the match.

The 36-year-old is 21 rating points behind Australia captain Pat Cummins and is contention to return to the No.1 ranking for the first time since 2017.

While Ashwin stepped up in what turned out to be the last session of the Test, Jadeja did the damage on the first day with 5/47, including the prized wickets of Steve Smith and Marnus Labuschagne.

Jadeja then took 2/34 in the second Australian innings. Australia were bowled out for just 91.

Among other Indian bowlers, pacer Jasprit Bumrah, who too has been out of action since September last due to a lower back stress fracture, is placed fifth.

In the Test batting chart, India captain Rohit Sharma has been rewarded for his match-defining ton in Nagpur. He gained two spots to be at number eight.

Rohit came to the crease after Australia were all out for 177 in their first innings, then made the wicket look all-but tame with an assured 120 that set the tone for the rest of the match.

Wicket-keeper Rishabh Pant, who will be out of action for an indefinite period following his horrific car accident, is the other Indian batter in top-10. He is placed seventh.

In contrast Australian openers David Warner and Usman Khawaja have paid the price for being dismissed cheaply twice.

Warner has fallen six places to 20th after his scores of 1 and 10, while Khawaja has dropped two spots to 10th after only making 1 and 5 in the first Test.

Australian duo of Marnus Labuschagne and Steve Smith occupy the top two position with Pakistan captain Babar Azam in the third spot.

India all-rounder Axar Patel has leaped six places to seventh in Test all-rounder rankings after coming to the crease at a tense 240 for 7. He hit a patient 84 for his highest score in the format.

The second Test between India and Australia will be played in New Delhi from Friday. 

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News Network
March 18,2023

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Mangaluru, Mar 18: A male passenger who had arrived by an international flight was caught smuggling gold by concealing it in the diaper of his 21-month old daughter at the Mangaluru International Airport (MIA) in a recent incident, a customs release here said on Saturday.

The gold, in the form of paste, was kept in pouches inside the diaper. However, it was detected by officials during checking.

In another incident, a male passenger had hidden the gold in paste form and tied it across his waist like a belt. Another person hid gold in paste form in his rectum.

In all, customs officials at the MIA have seized 1,606 gm of gold worth Rs 90.67 lakh from March 1 to 15 this year, the release said. All the three passengers have been arrested and further investigations are on.

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News Network
March 15,2023

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Bengaluru, Mar 15: Karnataka Congress President DK Shivakumar today sought the arrest of Praveen Sood, the state's Director General of Police. The Congress leader claimed that the DGP had been protecting the ruling BJP government and filing cases against leaders from his party.

"This DGP is nalayak (useless). Immediately, there should be a case against him. And he should be arrested. The election commission should remove him," Mr Shivakumar said.

"He has finished three years in service. How many days do you want to keep and worship him? He has been filing cases only against Congress. He has registered more than 25 cases against us," he added.

He said that Congress will take action against him if they come back to power. Elections to the 224-member Karnataka assembly are set to be held before May 2023.

The Congress has set a target of winning at least 150 seats in the 224-member Assembly, to come to power in Karnataka, with a clear majority.

While JD(S) has already announced the first list of 93 candidates for Assembly polls, BJP and Congress are yet to announce their list.

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News Network
March 19,2023

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New Delhi, Mar 19: Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.

The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat.

But after Hindenburg Research's January 24 report alleging accounting fraud, stock manipulations and other corporate governance lapses chopped off about $140 billion from the market value of Gautam Adani's empire, the apples-to-airport group is hoping to claw back and calm jittery investors and lenders through a comeback strategy.

The comeback strategy is based on addressing investor concerns around debt by repaying some loans, consolidating operations, and fighting off allegations.

The group has denied all allegations levelled by Hindenburg. As part of this, projects are being re-evaluated based on cashflow and finance available.

And of the projects the group has decided not to pursue for the time being is the 1 million tonne per annum Green PVC project, two sources with knowledge of the matter said.

The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis.

In the mails, seen by PTI, the group has asked them to "suspend all activities of the scope of work and performance of all obligations" for Mundra Petrochem Ltd's Green PVC project "till further notice."

This is the following "unforeseen scenario". The management, it said, was "re-evaluating various project/s being implemented at group level in different  business verticals. Based on future cashflow and finance, some of the project/s are being re-evaluated for its continuation and revision in timeline."

Reached for comments, a group spokesperson said AEL will be evaluating the status of growth projects in primary industry vertical over the coming months.

"The balance sheet of each of our independent portfolio companies is very strong. We have industry-leading project development and execution capabilities, strong corporate governance, secure assets, strong cashflows, and our business plan is fully funded. We remain focused on executing our previously outlined strategy to create value for our stakeholders," the spokesperson said.

"AEL will be evaluating the status of growth projects in the primary industry vertical over the coming months".

The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 KTPA (kilo tonne per annum) requiring 3.1 million tonne per annum (MTPA) of coal that was to be imported from Australia, Russia and other countries.

PVC is the world's third-most widely produced synthetic polymer of plastic. It finds wide applications - from flooring, to making sewage pipes and other pipe applications, in insulation on electrical wires, packaging and manufacture of aprons etc.

Adani Group had planned the project as PVC demand in India at around 3.5 MTPA was growing at the rate of 7 per cent year-on-year. With near stagnant domestic production of PVC at 1.4 million tonne, India is dependent on imports to keep pace with the demand.

The Hindenburg report had alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices. The group has denied all Hindenburg allegations, calling them "malicious", "baseless" and a "calculated attack on India".

As part of the comeback strategy, the group has cancelled a Rs 7,000 crore coal plant purchase as well as shelved plans to bid for stake in power trader PTC to conserve expenses. It has repaid some debt and pre-paid some of the finances raised by pledging promoter stake in group companies.

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