Olympics Financial News

Saina Nehwal and PR Sreejesh, have written a letter to the International Olympic Committee (IOC) presidential candidates, urging them to make climate action their top priority. As IOC members gather in Costa Navarino, Greece, to vote on the seven candidates next week (March 18-21), the Olympians called for stronger commitments from the IOC to cut carbon emissions, promote sustainability in host cities, set clear guidelines on polluting sponsors and use its platform to advocate for climate action. Climate impacts are «no longer a distant threat, but a current and growing harm to the sports we love and to the countries that make up our Olympic family», the letter said. The signatories include 57 Olympic champions and over 100 Olympic flag bearers. They represent some of the world's most climate-vulnerable nations, including Argentina, Aruba, the Bahamas, Cabo Verde, Colombia, Cook Islands, Eswatini, Fiji, Ghana, India, Kenya, Laos, the Marshall Islands, Nepal, Nigeria, Pakistan, Peru, Sierra Leone and Zambia. Recognizing that extreme weather events are already disrupting the Summer and Winter Olympics and affecting athlete performance and safety, the letter urges decisive action to ensure the games remain accessible and safe for future generations. Earlier this year, massive wildfires burned large areas of Los Angeles, the host city of the 2028 Olympic Games. The fires killed about 30 people, destroyed thousands of buildings, and forced tens of thousands to flee their homes.

On the BSE, Integra Capital(down 17.17 per cent), Aadi Industries Ltd.(down 12.60 per cent), Looks Health Services(down 11.82 per cent), Olympic Cards(down 11.56 per cent) and Spenta Intnl(down 10.25 per cent) were among the stocks that plunged over 5 per cent during the session.

Delhi High Court on Tuesday said Bajrang Punia, Vinesh Phogat, Sakshi Malik among others could challenge the Centre revoking the suspension of the Wrestling Federation of India (WFI). A bench of Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela also requested the single judge, hearing the wrestlers' plea against the 2023 WFI election, to expedite the proceedings. The Centre on March 10 revoked its order suspending the WFI on December 24, 2023 for lapses in governance and procedural integrity by the new body, elected on December 21, the same year, and restored its status as a national sports federation. The bench, while closing the proceedings on WFI's appeal against the single judge's order on restoring Indian Olympic Association's (IOA) ad-hoc committee to run its affairs, observed the committee had to work only till the Centre's suspension was in force. Referring to the March 10 decision, the court observed nothing remained to be adjudicated in the WFI appeal. «Needless to state, it will be open to any party, if aggrieved by the order dated March 10 passed by the sports ministry, to challenge the same before appropriate court,» it said.

Ryan Wedding's name has been added to the list of 10 most wanted fugitives wanted by the FBI for allegedly operating a drug trafficking network spanning several countries. Also known as "El Jefe", the former Olympian is currently residing in Mexico, the Department of State said on Thursday, while offering a $10 million reward for information leading to his arrest and/or conviction.

Sindhudurg, Maharashtra, parents of a 15-year-old boy were arrested after complaints that the teenager was spouting 'anti-national' slogans during last weekend's India-Pakistan cricket match. The parents were granted bail by the local court, and have been asked not to leave the area. The family's scrap shop — which allegedly didn't have the right permit and was left intact until Monday — was razed by the local council. From when was it a crime to cheer for a cricket team pitted against India, a Pakistani team included? What next? Arresting for listening to Pakistani ghazals? For having a poster of 2024 Paris Olympic gold medal-winning Pakistani javelin thrower Arshad Nadeem — and pal of India's 2023 World Champion Neeraj Chopra — on a wall? If the police had one job, it was to quell the escalating argument between the boy's family and the complainants, not, for all purposes, join the mob.

Antony James, a former Olympic swimmer, was jailed for 21 years after he was found guilty of raping two girls under the age of 18, as well as other sexual offences.

Subscribe to enjoy similar stories. Modern competitive running entered a new era in 2016, when Nike began distributing a prototype trainer to elite runners. The new shoes were designed to look like Nike’s top publicly available model, the Zoom Streak 6, but the soles featured a revolutionary new design.

Winter Olympics may be over a year away, but the US is not taking any chances in its quest to win the most number of medals. The nation’s mixed double curling trials, which are currently underway, just one example of this.

Special Olympics World Winter Games 2025, to be held in Turin, Italy from March 8 to 15. The contingent includes 30 athletes and 19 support staff, who will be participating across six disciplines — alpine skiing, cross country skiing, floorball, short-track speed skating, snowboarding and snowshoeing.

Department of Government Efficiency (DOGE), spearheaded by Elon Musk, announced Wednesday that the Social Security Administration’s move to terminate a contract dealing with the “Gender X” marker on public-facing applications will save over $1 million in taxpayer funds, according to Fox News

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman presented the Union Budget for 2025-26 on Saturday. The Budget presents a chance for the government to show its intent on some of the burning issues of our times. In this four-part series, we use charts to illustrate how the Budget performed on 15 key concerns. Part 3 looks at defence spending, trade, and India's Olympics dreams. Each topic has a pair of charts—one presenting the context the Budget faced, and the other showing what Sitharaman delivered. Also read Part 1 and Part 2. Defence priorities: India has the world’s fourth-largest military spending, and the defence ministry is one of the top ministries in terms of budget allocations.

Olympic gold medallist Neeraj Chopra recently tied the knot in an intimate ceremony, marking a significant moment in his personal life. Neeraj married Himani Mor, a young woman from Ladsoli village in Haryana’s Sonipat district. At 27, Neeraj shared pictures from the ceremony on social media, expressing his joy and seeking the world’s blessings for the couple's new journey together.

Subscribe to enjoy similar stories. In 2004, Kenya’s Paul Tergat held the marathon world record with a timing of 2:04:55, which he had set in Berlin a year earlier. That was the year India witnessed its first serious mass participation road race — then called Standard Chartered Mumbai Marathon.

Amitabh Kant, India’s G20 Sherpa and former Chief Executive Officer of the public policy think tank Niti Aayog, has emphasised the importance of increased private sector investment and state-level ownership of specific sports to advance the growth of India’s emerging sports industry, often regarded as a sunrise sector.

Indian javelin champion and double Olympic medalist Neeraj Chopra has tied the knot with Himani in a private ceremony. The 27-year-old athlete shared the joyous news on his social media accounts, posting a series of photos from the intimate celebration.

Neeraj Chopra, India’s celebrated javelin thrower and two-time Olympic medalist, has announced his marriage to Himani. The announcement was made via an Instagram post, which has since garnered widespread attention and warm wishes from fans and well-wishers. In his post, Chopra shared a picture from the wedding ceremony, accompanied by a heartfelt caption in both Hindi and English.

lunar bases, or interplanetary exploration are aspirational and require thorough analysis, according to Shrinivas R Kulkarni, George Ellery Hale professor of astronomy and planetary science at the California Institute of Technology (Caltech), US.

1972 Munich Olympics hostage crisis. The movie depicts the transformation of sports reporting into live global crisis coverage. It releases in theaters on January 17, 2025.