Sri Lanka Financial News

Gautam Gambhir's plain-speak and Ajit Agarkar's lucidity is set to make for a heady combo as the new head coach and the chairman of selectors looked completely in sync while spelling out, in no uncertain terms, that days of cherry-picking series by citing workload management could be over. They explained certain tough calls while in a few things, they were subtle yet said enough to allow people to read between the lines.

IndiGo, Akasa and SpiceJet’s check ins have been affected due to an outage in systems which operate on Microsoft’s software. “Our systems across the network are impacted by an ongoing issue with Microsoft Azure, which has resulted in increased wait times at our contact centres and airports. You may experience slower check-ins and longer queues. We are all hands-on deck and are working relentlessly to restore stability and normalcy. Our digital team is also coordinating closely with Microsoft Azure to resolve these issues swiftly,” IndiGo took to Twitter to inform it's passengers. “State of Indigo Airlines check in counter at Sri Lanka airport. Complete mess! @IndiGo6E People standing for checkin since the past two hours, no queue management and fired up tempers,” a user on Twitter said.

Indian Navy warship INS Teg is actively engaged in a search and rescue operation off the coast of Oman after an oil tanker capsized on July 15. As of now, the mission has successfully rescued eight Indian nationals and one Sri Lankan from the stricken vessel. The Indian Navy continues to search for additional crew members who remain missing. The operation was launched immediately after the tanker capsized, with INS Teg deploying advanced equipment and personnel to locate and assist the remaining crew. The Navy has coordinated with local Omauthorities and international maritime agencies to enhance the search efforts.

Indian Ocean Region, Indian Navy deployed warship INS Teg to rescue crew members onboard a Comoros-flagged cargo vessel that capsized off Oman coast three days ago. Nine crew members — eight Indians and a Sri Lankan national — were successfully saved. «One crew member was found deceased. The search-and-rescue operations continue for the remaining members of the vessel's crew,» Oman's Maritime Security Centre said in a post on X. The nationality of the deceased person is not yet known. The vessel MT Falcon Prestige had capsized on July 14 and had transmitted a distress call around 2200 hours. The merchant vessel had a crew of 16, of which 13 were Indian seafarers.

Sri Lanka U-19 cricket captain Dhammika Niroshana was shot dead on Tuesday night near his home in Ambalangoda. Local media reported that Niroshana was with his wife and two children when an unidentified person opened fire. The 41-year-old ex-cricketer was attacked by an unidentified individual using a 12-bore firearm. The police suspect the killing is related to an underworld gang rivalry. Sri Lanka police are actively investigating the incident. Police media spokesperson Nihal Thalduwa stated, “Investigations are underway to arrest the suspect involved in the shooting which seemed to be a result of a gang rivalry.” Niroshana had returned to Sri Lanka three months ago after fleeing the country following the murder of his close friend, Dasun Manawadu, in the same area.

Duqm, the nation's Maritime Security Centre said on social media website X. The Comoros-flagged Prestige Falcon had a 16-member crew — 13 from India and three from Sri Lanka — and search and rescue operations to locate missing seafarers are underway. The incident happened Monday 25 nautical miles southeast of Ras Madrakah.

Sacred Rest: Recover Your Life, Renew Your Energy, Restore Your Sanity spoke about seven types of rest that a person needs for complete restoration of one’s overall health. These are physical rest along with mental, spiritual, emotional, social, creative and sensory rest. If you constantly feel tired even after getting in your eight hours of sleep, three litres of water, and 30 minutes of exercise, you aren’t the only one.

Adani Group expects its ports business to grow at a robust pace, with the Indian operations expected to double by volume in five years, said a senior company executive. Speaking to ET, Karan Adani, managing director of Adani Ports and SEZ (APSEZ) said the aim is to transform India's leading port operator into a global ports hub by boosting the share of international traffic. The ports business currently gets about 5% of its total volume from international operations, which it is aiming to double by 2030, said Adani. The ports business has been seeing exponential growth in the past few years, and Adani expects the trajectory to continue. «Currently, the split between our ports and logistics segment is 70:30, and we expect the same to continue because while our logistics segment is growing, so is our ports segment, and that too at a much faster pace,» he said. Revenue from the ports segment grew to Rs 20,972 crore in FY24, from Rs 17,304 crore in the previous year. On the other hand, revenue from the logistics segment grew to Rs 2,079 crore from Rs 1,744 crore in the same period.

Sri Lanka will cut power prices by 22.5% from Tuesday, the utilities regulator said, as the Indian Ocean nation attempts to ease the cost of living for millions of people amid its worst financial crisis in decades. After the crisis shrank its economy 7.8% in 2022, Sri Lanka boosted power prices by 75% that September, and by another 66% the following February, to meet the terms of a $2.9-billion bailout from the International Monetary Fund (IMF). Industries would also see a cut of about 33% in power tariffs, the regulator added, with poorer users getting a reduction of about 2,000 rupees ($7) in their bills.

Karachi: The Pakistan Cricket Board wants the BCCI to provide written proof of the Indian government's denial of permission in case the team refuses to come here for next year's Champions Trophy citing a travel ban on security grounds, a PCB source has said. The host Board also wants the matter to be sorted as soon as possible, given that the tournament is scheduled in February-March. While the ICC annual conference will be held in Colombo on July 19 doesn't have any discussion on 'Hybrid Model' about India playing their games in the UAE on its agenda, the global body as usual has earmarked additional fund in case it becomes a two-country tournament. «If the India government declines permission, it has to be in writing and it is mandatory on the BCCI to provide that letter to the ICC now,» the PCB source working closely with organizing committee told PTI.

Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade. Adani Ports and Special Economic Zone Ltd. has secured an “in-principle approval from the Vietnamese government” for a greenfield development in Da Nang, Karan Adani, managing director of the company, said in an interview. The project, which will have container terminals and multipurpose berths to handle various types of cargo, is at an early stage of planning and the total investment required hasn’t been finalized yet, he said. This will be the fourth international port asset for the Adani group after Haifa in Israel, Colombo in Sri Lanka and the Port of Dar es Salaam in Tanzania. On Friday, Adani’s new mega port in southern India saw the arrival of its maiden mother ship and the company wants to accelerate the expansion of the facility in a bid to grab a bigger share of the international maritime trade that’s currently dominated by China.

schedule of India's upcoming white-ball tour of Sri Lanka has been revised, and the start of the contest pushed back by a day to July 27, the BCCI said on Saturday. The Indians will be touring the island nation later this month for three T20 Internationals and as many ODIs. Originally, the first match — a T20 International — was to be played on July 26, but it will now be held on July 27, followed by the remaining two T20 games on July 28 and July 30, with all the ties to be played at the Pallekele International Cricket Stadium. The ODis, initially scheduled to start on August 1, will now begin on August 2, followed by the remaining matches on August 4 and August 7, with all the games to be held at R Premadasa Stadium in Colombo.

A union strike launched by railway employees has stopped trains across Sri Lanka

Sri Lanka will hand over the loss-making Mattala International Airport in Hambantota to a joint India-Russia venture «during the next few weeks» to run, Minister of Aviation Nimal Siripala de Silva said here on Wednesday. The India-Russia joint venture was awarded the management of the Mattala International Airport in Hambantota in southern Sri Lanka in April. The USD 209 million facility was once dubbed the «world's emptiest airport» due to a lack of flights. «Action will be taken during the next few weeks to handover the loss-making Mattala International Airport to a joint India-Russia venture,» de Silva told reporters. Earlier, the Sri Lankan Cabinet, which met on January 9, approved the calling of Expression of Interest by prospective parties. Accordingly, five proposals were received, and the Cabinet-appointed consultative committee decided to award a management contract spanning 30 years to Shaurya Aeronautics (Pvt) Ltd of India and Airports of Regions Management Company of Russia.

Pepsi and Coca-Cola, a staple of countless Indian television advertisements over the decades, seems set to spill over into the Indian stock markets. Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group's flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo's beverages globally, outside the US.

Zimbabwe and India will be looking to the future when they start a five-match Twenty20 international series at the Harare Sports Club on Saturday. Outgoing Indian coach Rahul Dravid described India's win in the T20 World Cup in Barbados last Saturday as the end of «a journey of two years». With the next T20 World Cup scheduled for India and Sri Lanka in 2026, the series in Zimbabwe marks the start of a new two-year journey for both sides.

Mint examines this question and more. The Shanghai Cooperation Organisation (SCO) was formed in 2001. It evolved from an earlier avatar known as the Shanghai Five, comprising Russia, Kazakhstan, Kyrgyzstan, Tajikistan and China.

Women's Asia Cup T20, which is set to take place in Dambulla, Sri Lanka from July 19. Harmanpreet Kaur will once again lead Team India in the tournament, with star opener Smriti Mandhana playing the role of her deputy. The ninth edition of the Women's Asia Cup will be played from 19 to 28 July in Sri Lanka in the T20 format.

Sunil Gavaskar has offered his advice to Rohit Sharma and co. Gavaskar suggested that Team India should focus on convincing Hardik Pandya to make a Test comeback in order to become "invincible" in red ball cricket.Also Read | Rohit Sharma's retirement: Hardik Pandya to lead India in T20Is vs Sri Lanka; KL Rahul to lead in…In an interaction with RevSportz, Gavaskar said, "I'm hoping that, in these next two months, there will be some effort made to try and convince Hardik Pandya to come back to Test cricket," "If he starts batting at no.

Gautam Gambhir. Two-time World Cup winner has been appointed head coach of the India men's cricket team in all formats, starting later this month with the limited-overs tour of Sri Lanka.

Rohit Sharma's announcement to retire from T20Is after winning the ICC T20 World Cup, all-rounder Hardik Pandya is likely to lead the Men in Blue in the shortest format of the game. Meanwhile, wicketkeeper-batter KL Rahul will lead the team in ODIs, as per the sources. «Hardik Pandya is all set to lead the Indian team in the T20, Rohit Sharma's announced his retirement. Hardik is also unlikely to be rested for the upcoming series vs Sri Lanka,» BCCI Sources told ANI. In the T20 WC, Pandya scored 144 runs in six innings at an average of 48.00 and a strike rate of 151.57, with a half-century and best score of 50*. He also took 11 wickets in eight games at an average of 17.36 and an economy rate of 7.64, with the best figures of 3/20.