Shreyas Iyer, Prithvi Shaw Lead Mumbai To Vijay Hazare Trophy Final

Agencies
October 17, 2018

Prithvi Shaw and skipper Shreyas Iyer smashed half-centuries as Mumbai brushed aside Hyderabad by 60 runs in a rain-marred contest to move to the summit clash of the Vijay Hazare Trophy, on Wednesday.

Chasing 247, Mumbai were placed comfortably at 155 for two when rain halted play. Iyer (55 not out) and Ajinkya Rahane (17) were at the crease with their unbeaten third wicket stand of 73 runs. The game never resumed after that and Mumbai were declared winners via VJD method. Left-arm spinner Mehdi Hasan struck twice, dismissing openers Rohit Sharma (17) and Shaw (61 off 44 balls) to leave Mumbai at 82 for two after their 73-run opening stand.

Shaw's knock had eight fours and two sixes. Shaw had hit a century on Test debut in Rajkot against West Indies. He amassed 237 runs in the series with an average of 118.50 and strike rate of 94.04 to be adjudged Man-of-the-series.

Earlier, Hyderabad posted 246 for eight after Rohit, Rayudu scored a 132-ball 121, which went in vain. The knock was studded with eight boundaries and four sixes.

Hyderabad had a dismal start with openers Tanmay Agarwal (11) and Akshath Reddy (7) returning to the pavilion early. Rayudu and Bavanaka Sandeep (29) then stitched a vital 50-run stand for the third wicket.

Mehdi Hassan made 23 off 17 to help Hyderabad put on board a respectable total. For Mumbai, Tushar Deshpande was the lead wicket-taker with three wickets for 55 runs and Royston Dias bagged two for 43.

Pacer Dhawal Kulkarni, Shivam Dubey and Shams Mulani snapped a wicket each.

Brief Scores: Mumbai 155/2 (Prithvi Shaw 61, Shreyas Iyer 55 not out; Mehdi Hassan 2/23) beat Hyderabad 246/8 (Rohit Rayudu 121 not out, Bavanaka Sandeep 29; Tushar Deshpande 3/55) by 60 runs (VJD Method).

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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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