Rave party: Police question Pune team's Sharma, Parnell

May 21, 2012

rave-party


Mumbai, May 21: Two Indian Premier League (IPL) players were questioned after Mumbai Police busted a rave party here and detained about 100 people, officials said Monday.

Youngsters who were detained by the police during a raid at a rave party, being taken away in a van after a check-up at a hospital in Mumbai on Sunday evening. PTI Rahul Sharma of India and Wayne Parnell of South Africa, who play in the IPL for Pune Warriors, were questioned by police after the rave party was busted in Juhu in northwest Mumbai, a senior police official said.

"Around 58 boys and 38 girls were detained and taken to a hospital for blood and urine check-up after a rave party was busted in Juhu late Sunday."

However, police refused to confirm whether the players were involved in consuming drugs at the party. This could only be clarified after the results of the medical examination, the official said.

Police have seized around 110 grams of cocaine and over 100 grams of other restricted drugs from the party.

Even though no arrests have been made yet, police have released cricketers on bonds.

Other detainees will be released soon after the medical examination results arrive, police said.

The raid, supervised by Additional Commissioner of Police Vishwas Nangre-Patil, was conducted at the Oakwood Premier hotel near Juhu beach.


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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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