Yuvraj Singh can heal now, says family after domestic violence case was closed

Agencies
September 12, 2019

Sept 12: Yuvraj Singh’s name was dragged for “malafide” reasons in the domestic violence case against his brother Zoraver but with the matter recently settled after an apology by the accuser, the family on Wednesday said he can now begin to “heal”. Yuvraj was named in the domestic violence case filed by Zoraver’s estranged wife Akanksha Sharma.

After a four-year legal battle Akanksha and Zoraver got divorced earlier this month and the former apologised to Yuvraj and his family for making false allegations against them. Zoraver and Akanksha’s marriage lasted a mere six months.

“Finding no other way to escape the process of law against her, Ms. Akanksha Sharma has apologised and admitted all her allegations to be false and incorrect and withdrawn the same,” the family stated.

Yuvraj and his mother Shabnam Singh were named in the domestic violence complaint filed by Akanksha in a Gurugram court in October 2017.

“The only perspective that we wish to put forth is that we were vulnerable targets as one of the family members i.e. Yuvraj Singh was, and is adored and loved by millions,” said Yuvraj’s familty in a statement.

“His great reputation was put at stake for personal malafide reasons in the most unfair manner in the hope of gaining some kind of advantage which was not otherwise due.

“We can only feel proud of Yuvraj Singh yet again, who has always decided to fight back with unshakable faith in God and the judiciary of this great country,” it added.

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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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