Sindhu makes shocking first round exit from Denmark Open

Agencies
October 16, 2018

Odense, Oct 16: Star Indian shuttler PV Sindhu crashed out of the Denmark Open with a stunning opening-round loss to American Beiwen Zhang in the women's singles event, here on Tuesday.

Third seed Sindhu lost 17-21 21-16 18-21 to Zhang in a hard-fought opening encounter that lasted 56 minutes. 

This is the third consecutive time that Sindhu has lost to Zhang. The American shuttler defeated Sindhu in the Indian Open final in February earlier this year.

Rio Olympics silver-medallist Sindhu is going through a difficult phase after winning the silver medal in the Jakarta Asian Games.

She was knocked out in the second round of the Japan Open after a straight-game loss to Gao Fangjie.

The script played out similarly in the China Open, where the 23-year-old suffered a 11-21 21-11 15-21 loss to world no 6 Chen Yufei of China in the quarterfinals.

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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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