Shardul Thakur confired as Bhuvneshwar's replacement

News Network
December 14, 2019

Chennai, Dec 14: Mumbai pacer Shardul Thakur has been named as the replacement for the injured Bhuvneshwar Kumar for the three-match ODI series against West Indies, beginning here on Sunday.

A BCCI press release on Saturday said the All-India Senior Selection Committee has named Thakur as the replacement for the injured Bhuvneshwar for the upcoming Paytm ODI series against West Indies.

Bhuvneshwar complained of pain in his right groin after the final T20I in Mumbai on Wednesday. He underwent an ultrasound scan conducted by a specialist and the BCCI medical team found that his sportsman's hernia symptoms have resurfaced, the release said.

A specialist opinion will now be sought, and his management plan will be decided accordingly, the release added.

The Uttar Pradesh swing bowler who made his comeback recently after being sidelined due to a hamstring injury and side-strain, has suffered a setback only three matches into his return.

This is the second change to the original squad announced by the selectors after Shikhar Dhawan was replaced by Karnataka batsman Mayank Agarwal.

Thakur had featured in Mumbai's Ranji Trophy game against Baroda in Vadodara, which concluded on Thursday.

Revised India's squad: Virat Kohli (captain), Rohit Sharma (vice-captain), Mayank Agarwal, KL Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant, Shivam Dube, Kedar Jadhav, Ravindra Jadeja, Yuzvendra Chahal, Kuldeep Yadav, Deepak Chahar, Mohammed Shami, Shardul Thakur.

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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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