IPL-2024 to kick-start 2-month spending boom in poll-bound India

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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 17,2025

military.jpg

Gaza Strip: In what is being described as one of the deadliest escalations yet, the Israeli military has launched a massive ground and air campaign under the name "Gideon's Chariots" — a biblical-sounding operation aimed at “conquering” Gaza and placing it under full Israeli control.

The operation, approved by Prime Minister Benjamin Netanyahu’s Security Cabinet on May 5, marks the first official declaration of Israel’s intent to seize and retain the entire Palestinian territory of Gaza — a move that is being widely condemned as open occupation.

In the past 24 hours, the Israeli army claimed to have made the “first moves” of this campaign, launching extensive bombardments and deploying ground forces to seize what it calls “strategic areas” of Gaza.

According to the Israeli statement, Operation Gideon’s Chariots is intended to fulfill all of Israel's war goals — including the release of hostages and the defeat of Hamas. But the brutality on the ground tells a different story.

In just three days, over 370 Palestinians have been killed, according to Gaza’s Health Ministry. On Friday alone, at least 74 Palestinians, most of them women and children, were confirmed dead. The Indonesian Hospital in Beit Lahia reported receiving 30 bodies and dozens more injured, as Israeli bombs rained down on densely populated neighborhoods.

In one of the most harrowing nights, Israel reportedly dropped over 40 U.S.-made bunker buster bombs near the European Hospital in Khan Yunis, claiming to target underground resistance tunnels.

Eyewitnesses describe scenes of horror — bloodied children, overwhelmed hospitals, and entire families buried under rubble. Gaza’s northern regions have become apocalyptic wastelands, while the Israeli military openly speaks of pushing civilians southward, raising fears of a full-scale ethnic cleansing.

The latest wave of bloodshed comes amid U.S. President Donald Trump’s visit to the region, drawing sharp criticism over Washington’s continued support for Israel’s military campaign.

Since the October 7, 2023 outbreak of war, over 53,000 Palestinians have been killed in Gaza. While a brief ceasefire deal was brokered in January, it was quickly shattered, and Israel resumed its attacks on March 18, ignoring calls for a renewed truce.

Now, with “Gideon’s Chariots” in motion, the question looms large: Is this the final phase of Gaza’s destruction — or a turning point that will awaken the world’s conscience?

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 13,2025

Udupi, May 12: A tragic incident unfolded at a wedding in Nandikur, Udupi district, when a four-year-old boy, Vasudeva, drowned in a temple pond near the venue.

According to a police complaint filed by Satyanarayana, 38, a resident of Kurkalu village in Kaup, the child had accompanied his mother, Soumya, and siblings—Vaishnavi (10) and Vishnu Priya (1)—to attend a wedding at the Sri Durgaparameshwari Temple Hall in Nandikur.

At approximately 2:00 p.m. on Sunday, Soumya was feeding her infant daughter inside the hall while Vasudeva remained nearby. After tending to the baby, she stepped away briefly to wash her hands, during which time she noticed that Vasudeva was missing.

A frantic search ensued involving family members and others at the venue. About 15 minutes later, at around 2:15 p.m., Vasudeva was found unresponsive in the temple pond adjacent to the hall. Bystanders pulled him from the water and attempted resuscitation.

He was immediately rushed to a private hospital in Udupi, where doctors declared him dead on arrival. Despite this, the family sought further medical assistance at a hospital in Manipal, but physicians there also confirmed that he had passed away.

The Padubidri police have registered a case and are investigating the incident.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
May 15,2025

Bengaluru, May 15: The Karnataka Lokayukta police on Thursday conducted simultaneous raids across multiple districts, including Bengaluru and Mangaluru, targeting government officials suspected of possessing disproportionate assets (DA).

According to Lokayukta police, the raids were carried out on properties linked to seven government officials in Bengaluru city, Bengaluru Rural, Tumakuru, Yadgir, Mangaluru, and Vijayapura districts.

The officials under the scanner are:

Murali T.V., Additional Director, Directorate of Urban and Rural Planning

H.R. Nataraj, Inspector, Legal Metrology, Bengaluru

Anant Kumar, Second Division Assistant, Taluk Office, Hoskote (Bengaluru Rural)

Rajshekar, Project Director, Nirmiti Kendra, Tumakuru

Manjunath, Survey Supervisor, Dakshina Kannada (Mangaluru)

Renuka Satarle, Officer, Dr. B.R. Ambedkar Abhivrudhi Nigama, Vijayapura

Umakanth, Officer, Shahpur Taluk, Yadgir district

Raids were conducted at 12 locations in Bengaluru city, eight in Bengaluru Rural, seven in Tumakuru, five in Yadgir, four in Mangaluru, and four in Vijayapura.

The raids followed complaints alleging corruption and accumulation of assets disproportionate to known sources of income. A preliminary investigation was carried out into the assets of the officials, their families, and close relatives, after which separate DA cases were registered at respective Lokayukta police stations.

The coordinated operation began at 6 a.m. and was conducted under the supervision of superintendents of police from the respective districts. Deputy superintendents, police inspectors, and other staff were also involved in the raids.

Authorities have not yet disclosed the details of movable and immovable assets seized during the operation. Further information is expected following the completion of assessments at the raided sites.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.