Virat Kohli slips to No.2 in ICC Test rankings

Agencies
August 14, 2018

Dubai, Aug 14: India skipper Virat Kohli dropped a spot to No.2 in the latest ICC rankings for Test batsmen, a day after his side slumped to an innings and 159-run loss to England in the Lord's Test.

Kohli, who rose to the numero-uno spot by overtaking banned Australian Steve Smith last week, scored 23 and 17 at the home of cricket, even as the visitors succumbed for 107 and 130, to concede a 0-2 lead to the hosts in the five-Test rubber. Besides Kohli, his deputy Ajinkya Rahane (23), and openers Lokesh Rahul (25), Murali Vijay (34) and Shikhar Dhawan (26) also slipped in their rankings.

However, Ravichandran Ashwin was the notable exception, moving up in the list for batsmen from 67th to 57th, with defiant innings of 29 and 33 not out.

Ashwin has also leap-frogged South Africa's Vernon Philander to grab the third position among all-rounders.

Among the bowlers, veteran quick James Anderson has become only the seventh England bowler and the first in 38 years from his country to breach the 900-point mark.

No.1-ranked Anderson's outstanding match figures of 9/43 have enabled him to reach 903 points and join a select group comprising Sydney Barnes (932), George Lohmann (931), Tony Lock (912), Ian Botham (911), Derek Underwood (907) and Alec Bedser (903), all of whom peaked at over 900 points during their careers.

Anderson now leads second-placed South Africa fast bowler Kagiso Rabada by 21 points in the bowlers' list.

India's Ravindra Jadeja and Ashwin are stable at No.3 and No.5, respectively with Philander separating the duo.

Among others, India all-rounder Hardik Pandya has moved up 25 places to take the 74th spot among bowlers.

England's Chris Woakes, who slammed an unbeaten 137 in England's only innings and chipped in with four wickets in the match, has gained 34 places to reach a career-best 50th position among batsmen while also moving up three places to 32nd among bowlers and by five places to seventh among all-rounders.

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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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