ICC Rankings: Virat Kohli's Team India maintains top position in Test cricket following annual update

May 19, 2017

Dubai, May 19: India retained its top position in ICC Test ranking with 123 points -- a clear six point lead over second placed South Africa.

champions

The Proteas (117 points) have reduced the gap with India to six points while nine points now separate third-ranked Australia from seventh-ranked Sri Lanka as per latest ICC release.

The 9th ranked Bangladesh trailing eighth-ranked West Indies by six points.

India has gained one ranking point while South Africa has leaped from 109 to 117 points. This jump means the pre-update gap of 13 points has now been trimmed to just six points.

While India and South Africa have made upward movements, Australia, England and Pakistan have headed in the opposite direction.

Australia has retained its third place but has plummeted from 108 points to 100 points, England has stayed in fourth position but has slipped to 99 points after conceding two points, whereas Pakistan has dropped behind New Zealand in sixth place after conceding four points to sit on 93 points.

The swings for Faf du Plessis' and Steve Smith's sides have come after South Africa's 2-1 loss to Australia and Australia's 5-0 series win over England in 2013-14 have both been dropped for calculation purposes.

Sri Lanka is seventh on 91 points (up by one), West Indies eighth on 75 points (up by five), Bangladesh ninth on 69 points (up by three) and Zimbabwe 10th with zero points (down by five).

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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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