It's India against New Zealand in first semifinal, hosts England face Australia in other

Agencies
July 7, 2019

Manchester, July 7: It's going to be India versus New Zealand in the first semifinal of the ICC World Cup on Tuesday, with hosts England taking on five-time defending champions Australia in the other on Thursday.

The 45-game group stage ended with the match between Australia and South Africa.

Australia, India, England and New Zealand knew prior to Saturday's final group matches that they would be in the top four and that all that was to be decided was the end of group standings.

India's seven-wicket win over Sri Lanka at Headingley ensured that they ended on a winning note and leapfrogged Australia after their 10-run defeat by South Africa.

India's win and Australia's defeat meant that the 2011 winners topped the group and face fourth place New Zealand at Old Trafford.

It will be an intriguing match-up as these two sides have not played each other at this World Cup. Their game at Trent Bridge on June 13 was abandoned without a ball bowled. 

India finished the group stage with just one defeat to England to finish on 15 points from their nine matches. While after a good start to this World Cup, New Zealand lost three games to Pakistan, Australia and England and ended on 11 points from their nine games.

Rohit Sharma is India's dangerman with the bat with 647 runs in the group stage while Black Caps captain Kane Williamson has 481 runs.

Australia's defeat in their final game means they slipped down to second at the end of the group stages and set up a meeting with England.

Aaron Finch's men beat England by 64 runs at Lord's at the end of June.

Captain Finch (507) and David Warner (634) have been Australia's stars with the bat while Joe Root (500) and Bairstow (462) are England's leading run scorers.

With the ball, Mitchell Starc has 26 wickets at this World Cup, while England's Jofra Archer has 17.

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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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