She was people's leader: Condolences from sports fraternity continue to pour in for Sushma Swaraj

Agencies
August 7, 2019

New Delhi, Aug 7: Condolences continue to pour in from sports fraternity for former external affairs minister and veteran Bharatiya Janata Party (BJP) leader Sushma Swaraj, who passed away following a cardiac arrest on Tuesday night.

Leaving a strong legacy behind, the BJP stalwart breathed her last at the All India Institutes of Medical Sciences (AIIMS) in the national capital on Tuesday.

India leg-spinner Poonam Yadav in a tweet said Swaraj was people`s leader who has been taken away too soon."She was a people`s leader. A rare politician taken away too soon. Rest in peace #SushmaSwaraj ma`am. Om Shanti!" Poonam wrote.

Six-time world champion boxer Mary Kom said, "Deeply grieved to hear the demise of Smt #SushmaSawraj ji. My condolences to her family in this hour of grief. May her departed soul Rest In Peace.

"Olympic champion Abhinav Bindra in a tweet conveyed, "RIP Sushma Swaraj. May God give her family the strength to overcome this irreparable loss."

Indian wrestler Babita Phogat said that the country has lost a great skilled leader. She added that Swaraj was no less than a school for women who want to step into politics. Phogat tweeted in Hindi.

Indian wrestler Sushil Kumar said, "Deeply saddened by the sudden demise of former foreign minister @SushmaSwaraj Ji. Condolences to the family. May her soul RIP."

Indian shuttler Parupalli Kashyap expressed sadness, saying, "Shocked and deeply saddened by this news. RIP @SushmaSwaraj ma`am."

Swaraj implemented the Modi-government`s foreign policy on a global scale. She also strengthened India`s fight against terrorism.

The BJP leader felt restless on Tuesday and was rushed to the hospital in an ambulance. A team of doctors tried to revive the 67-year-old for 70 to 80 minutes but failed in their attempt. Swaraj was later declared dead.

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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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