Olympics Financial News

GoI is finally focusing its attention to ensure national sports federations serve to promote their sport and athletes rather than become a hindrance. The draft National Sports Governance Bill 2024 focuses on building institutional capacity and governance standards for national sports federations. The aim is to build a modern, flexible and empowered sports administration aligned with Olympic and Paralympic charters. This was a much-needed regulatory intervention, considering the controversies over sexual harassment, favouritism, opaqueness and misgovernance that have dogged a range of federations.

On the BSE, Olympic Cards(down 10.40 per cent), Five-Star Business Finance(down 8.18 per cent), Koura Fine Diamond(down 8.06 per cent), Vision Corp(down 7.59 per cent) and Genesys Intnl(down 7.52 per cent) were among the stocks that plunged over 5 per cent during the session.

Nike executive John Slusher is moving into the Olympic world to head the commercial arm for the 2028 Los Angeles Olympics

Bishweshwar Nandi, the coach of gymnast Dipa Karmakar who won bronze in the 2014 Commonwealth Games, joined the BJP in a simple ceremony at his residence here on Friday. Agartala Mayor and BJP MLA Dipak Majumder welcomed Nandi to the party. «I am deeply influenced by how the BJP is managing the country, whether in sports or other areas, which is why I joined the party,» said Nandi, a Dronacharya award recipient for his exceptional contributions to gymnastics. He recently participated in a virtual meeting with the Union Sports Minister to discuss India's preparations for the 2036 Olympics.

On the BSE, IndusInd Bank(down 17.92 per cent), Naturo Indiabull(down 13.69 per cent), Galactico Corporate(down 12.89 per cent), Olympic Cards(down 11.76 per cent) and Dixon Tech(down 11.69 per cent) were among the stocks that plunged over 5 per cent during the session.

Indian women's hockey team captain Rani Rampal announced her retirement on Thursday, ending a glittering 16-year career during which she became an inspiration for beating abject poverty and conservative views at a small town in Haryana where her father worked as a cart-puller. The-29-year-old will sign off as one of India's most decorated hockey players after leading the women's team to its best-ever finish at the Olympics — a fourth place at the Tokyo Games in 2021. «It's been an outstanding journey. I never thought I will play for so long for India. I have seen a lot of poverty from childhood but focus was always to do something, represent the country,» she told reporters here. A clinical forward, who made her international debut in 2008 as a 14-year-old in the Olympic qualifiers that year, Rani scored 205 goals in her 254 outings for India.

Wrestling Federation of India (WFI) on Wednesday withdrew the Indian team from the World Championship, conveying to world governing body, UWW, that the sports ministry is interfering with its autonomy. The senior World Championship in 12 non-Olympic categories is scheduled to be held in Tirana, Albania from October 28. The WFI had recently announced selection trials for the U23 and World Championship, which was challenged as contempt of court by the protesting wrestlers who questioned the legality of the selection by the suspended federation. WFI withdrew the selection trials notice and the court, on October 4, decided not to proceed with the contempt petition.

Mansukh Mandaviya on Sunday said that the nation is progressing forward under the leadership of the PM, who has set a target of making India a 'Viksit Bharat' by 2047. India is set to become one among the top ten performing countries in the world in the field of sports, said the minister inaugurating the upgraded SAI Golf Course at Kowdiar, Thiruvananthapuram. The Union Minister also emphasized the significance of the Trivandrum Golf Club as a cherished community and a symbol of sporting excellence.

Hockey India League (HIL), resurrected after seven years in cold storage, held its auctions in New Delhi last week with franchises – eight men and four women – snapping up players from across the globe. Harmanpreet Singh and Udita Duhan, current national team stars, emerged as the costliest buys at Rs 78 lakh and Rs 32 lakh in men’s and women’s leagues respectively. “It is not about the money. We are all in this for the development of the sport,” said Rahul Todi of Shrachi, owner of the Bengal Rarh Tigers franchise. While the auction was a success, there are still some lingering questions. Is the league sustainable? Can franchises make money in the long run? How will the league help the future of Indian hockey? There was already a minor setback for the organisers, Hockey India (HI); they had to reduce the number of women’s teams from six to four. However, the organisers said that the number will go back to six teams in 2026. “A lot of the current stars including Harmanpreet emerged into prominence from the Hockey India League. With back-to-back Olympic medals, there could be no better time to restart the league,” said PR Sreejesh, former India goalkeeper and Delhi SG Pipers team director, who was present for the two days of the auction before donning the hat of junior team head coach and leaving for Malaysia.

PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business

Notre Dame is gearing up to reopen its doors in December as Paris is on the verge of a remarkable eco-revival

Subscribe to enjoy similar stories. Bengaluru: Dilip Tirkey remembers the evening of 13 January 2005 like it was yesterday. Tirkey, then India’s hockey captain, created history at the Gachibowli Stadium in Hyderabad.

Julana constituency in Jind district. As of the latest updates, she is locked in a tight race against BJP candidate Yogesh Bairagi, who is currently trailing her by 38 votes.

economic welfare corporation for the state's Jain community. It was also decided to set up financial development corporations for communities like Bari, Teli, Hindu Khatik, Lonari, which are part of the OBC segment, while grants of up to Rs 10 lakh will be given to cultural and educational institutions belonging to the Buddhist community. In the cabinet meeting chaired by Chief Minister Eknath Shinde, it was decided to waive non-agricultural tax on residential buildings outside gaothans, buildings for commercial and industrial use etc. The cabinet also approved a proposal by the tourism department to enhance the jail term and fine amount for those destroying ancient and historical sites. As per the proposal, the jail term could extend up to two years and the fine would be Rs 1 lakh.

The International Olympic Committee’s three major Japanese sponsors — Toyota, Panasonic and Bridgestone — are terminating their contracts

Ticket prices for the 2026 Milan-Cortina Winter Olympics range from 30 euros ($33) for men's and women's hockey preliminary games all the way up to nearly 3,000 euros ($3,300) for the most costly seats at the closing ceremony inside Verona's Arena, a large Roman amphitheater. The most expensive sports event is the men's hockey final with prices ranging from 450 to 1,400 euros ($500 to $1,545). Local organizers announced Thursday that more than 20% of the tickets for the games in February, 2026, are available for under 40 euros ($44) and more than half are priced at under 100 euros ($110).

LeBron James said Monday the historic prospect of playing alongside eldest son Bronny for the Los Angeles Lakers has given him a new lease of life ahead of the upcoming NBA season. James, 39, will tie Vince Carter's record of playing 22 seasons in the NBA this year when he suits up for the Lakers after a summer in which he helped the USA defend their Olympic gold medal in Paris. At some point this season, James will make NBA history by playing alongside 19-year-old son Bronny, who was chosen by the Lakers with the 55th pick in the draft in June.

Subscribe to enjoy similar stories. Sonipat/Hisar/Sirsa: As night falls in Kulana village in Haryana’s Hisar district, a motley crowd of farmers and day-wage earners gathers to exchange views on the issues of the day. “Today, no one goes to sleep hungry.

Nita Ambani threw a grand birthday party for para-athlete Deepa Malik at Antila. The sports icon turned 54 on Monday. The Reliance Foundation organized an extravagant occasion known as United in Triumph to celebrate the achievements of Olympians and Paralympians who represented India this year. During the gathering on Sunday evening, the Ambanis brought birthday cakes for Malik and celebrated ace shooter Sarabjot Singh, who earned a bronze medal alongside Manu Bhaker at the Paris 2024 Olympics. Singh also turned 31. Bollywood star Ranveer Singh and singer B Praak wowed the birthday girls with a lively rendition of the birthday song ‘Baar Baar din yeh aye’ for the birthday girls. Later, Malik shared some snapshots from her memorable day. «Couldn't have dreamt of a bigger celebration of my birthday. Nita Ambani mam, at Ambani home Antilia, got the cake cutting done right at the midnight hour with B Praak and Ranveer Singh singing happy birthday along with Paris 2024 Olympians and Paralympians.» she wrote on Instagram.

My Hero Academia Season 7 is heading towards its final episodes. In My Hero Academia, there is a huge destruction in Japan which is caused by Tomura Shigaraki, All For One and other criminals, who are roaming freely in the country. Dexerto reported that All For One is currently hiding with Spinner and is planning to steal Star’s Quirk which will result in fulfilling his aim of world domination.

Leander Paes believes India needs at least a decade to produce another Grand Slam champion, urging former players to nurture young talent to transform the nation into a sports superpower capable of not only hosting the 2036 Olympics but also winning medals. «I think it's probably going to take another 10 years to produce a Grand Slam champion. I think that the focus needs to be on the grassroots base level and then the feeder system coming up, then you churn out the numbers,» Paes said on the sidelines of the auctions of the Tennis Premier League (TPL) here on Wednesday. «I 100% believe we have tremendous talent in India, but I believe it's people like myself along with the governance, along with the whole sporting fraternity, to reach out to that talent in rural areas in places where maybe those children are not as fortunate as you and I, to have the parents who gave us that platform to stand on. »I think it's a responsibility for us to reach out there and find that talent, test that talent and once you pick it, bring it into academies where you nurture the talent," added Paes, who was recently inducted into the sport's Hall of Fame.