Olympics Financial News

World Nomad Games, often described as the Olympics of Central Asia, are just around the corner, ready to bring together the diverse and historically rich cultures of nomadic peoples from across the globe. From September 8 to 13, Astana, the capital of Kazakhstan will host this. The World Nomad Games are a competition and are a celebration of the ancient sports and lifestyles that have been passed down through generations. Over 2,000 participants from around 100 countries will converge in Astana to compete in 21 sports that reflect the skills and traditions of nomadic peoples. The fifth World Nomad Games in Astana will showcase not only sporting events but also intellectual disciplines. This year’s program includes exotic sports such as mas-wrestling, the national sport of Yakutia; Ovari, an intellectual game from West Africa; and Mangala, a strategic game from Türkiye. Ovari, an intellectual game from West Africa, was first documented by English explorer Richard Jobson in 1620.

Olympics, wrestler Vinesh Phogat said that her fight against the Wrestling Federation of India (WFI) would continue and hoped that «truth will prevail». Hundreds of supporters had gathered outside the IGI airport here on Saturday to give a rousing welcome to Vinesh who was disqualified for being overweight after reaching the 50kg final at the Olympics. Vinesh's appeal against her disqualification was rejected by the ad-hoc division of the Court of Arbitration for Sport (CAS). On her way to Balali from Delhi, Vinesh was felicitated by her supporters and khap panchayats in several villages as it took her almost 13 hours to cover 135 kms.

Manu Bhaker, who made history as the first Indian to win two medals at a single Olympic Games since independence, also carries a tattoo that reads "Still I Rise." Interestingly, she discovered this phrase on Pinterest following her disappointing pistol malfunction at the 2021 Tokyo Olympics. In an interview with the Times of India, Manu revealed, «I don't know whose words these are, but now they are mine.» This phrase is inspired by Maya Angelou’s iconic poem, «Still I Rise,». The lines, «You may write me down in history with your bitter, twisted lies, you may tread me in the very dirt, but still, like dust, I’ll rise,» have been a beacon of hope and strength for countless individuals worldwide. After Tokyo, where Manu faced harsh criticism and even lost her spot in the national squad for the 10m air pistol event, Manu felt the need for a constant reminder to stay resilient. In January 2022, she decided to get the words «Still I Rise» inked on the back of her neck—a place where the tattoo would be symbolic.

shooter Manu Bhaker's coach Jaspal Rana has slammed the national federation's «ever-changing» Olympic selection policy, saying that it has hurt some of the most promising talents in the past and will damage more youngsters if there is no consistency going forward. Rana, a pistol legend in his own right who won three Asiad gold medals in the 2006 edition, hardly minced words as he questioned the federation's tendency to make last-minute changes to its policy, and its stubborn refusal to acknowledge or facilitate the presence of shooters' personal coaches at national camps and trials. He made these observations during a visit to PTI headquarters with Bhaker, who won bronze medals in 10m air pistol and 10m air pistol mixed team (alongside Sarabjot Singh), for an interaction with its editors on Friday. «The (federation's) selection policy changes every six months. I met the sports minister and told him 'get the selection policy from the federation. Let them decide… whatever they decide, right or wrong, we are not discussing that, and then stick to it'.

Eric Lamaze owed the plaintiffs more than $786,000.The case lasted 15 years and Lamaze had argued he couldn’t take part because he had terminal cancer – but another judge in the same case ruled the evidence Lamaze submitted to prove he was receiving treatment wasn’t “credible or reliable.”“I’ve carried the weight of this on my shoulders,” Karina Frederiks, the daughter of the plaintiffs, said while growing emotional, minutes after the Aug. 8 ruling.Her family’s stable, Iron Horse Farm, sued Lamaze in 2010, initially claiming he sold them three horses for show jumping who couldn’t perform as promised before narrowing the case down to two horses in question.Lamaze denied any wrongdoing in his defence statement.An Ontario judge ruled in the stable’s favour, noting Lamaze failed to appear in final proceedings.The lawsuit was one of many involving the Olympic equestrian gold medallist.

(This story originally appeared in on Aug 17, 2024)

Indian politics doesn't even take tea breaks. The latest parliamental drama is a squabble over who sat where at the 15th August bash at Red Fort.

Olympics medalists Neeraj Chopra and Manu Bhaker has increased significantly after companies reach out to them to tap into their popularity and connect with a wider audience. Hockey goalkeeper P R Sreejesh, shuttler Lakshya Sen and shooter Arjun Babuta too are seeing an increased demand from the companies. Post Chopra’s silver medal, his brand value has seen an appreciation of 40-50 per cent. This was his second consecutive Olympic medal after having won a gold medal in Tokyo Olympics 2024. The Ambala boy’s endorsement fees were already at a premium, estimated at Rs 4 crore annually per brand, reported TOI. The 26-year-old Javelin thrower is already endorsing a raft of products across 21 categories, including sports lifestyle, audio and smartphones, he is now being approached by more brands across segments – from automobiles to financial services, real estate, logistics and quick commerce, Divyanshu Singh, COO at JSW Sports which manages Chopra’s portfolio told TOI.

Independence Day, Prime Minister Narendra Modi's address from the Red Fort was accompanied by an unusual focus on Leader of the Opposition Rahul Gandhi. Seated in the second last row, Gandhi was positioned next to Olympic hockey forward Gurjant Singh. This seating arrangement, which deviated from traditional protocol, has generated considerable social media discussion. Seating Protocol and Changes Typically, the Leader of the Opposition in the Lok Sabha, whose rank is equivalent to that of a Cabinet Minister, is given a seat in the front row during Independence Day celebrations. However, this year’s front rows were allocated to Olympic medallists. Olympic gold medalists Manu Bhaker and Sarabjot Singh, as well as members of the bronze-winning hockey team, including captain Harmanpreet Singh and PR Sreejesh, occupied these prime seats. According to sources from the Ministry of Defence, which organizes the Independence Day event, Rahul Gandhi was placed in the fifth row as the front rows were reserved for the athletes. The Ministry stated that Gandhi did not request any special arrangements.

Anant Ambani and Radhika Merchant were recently seen shopping for jewelry in Panama during their honeymoon. A video uploaded on Instagram captures the newly married couple inside a jewelry store, where they cheerfully posed with the store's staff. Radhika Merchant chose a laid-back look, wearing a striped t-shirt paired with white pants and sporting relaxed, beachy waves. She kept her appearance understated by not wearing any jewelry. Anant opted for a tropical print shirt, which has quickly become a hallmark of his style. Anant is the younger son of Mukesh Ambani, the chairman of Reliance Industries, and his wife, Nita Ambani.

US stock market, chipmaker Nvidia gained over 6% Tuesday. As the market improved considerably after tanking, Nvidia shares soared and closed at $116.14. The price of the chipmaker stock has doubled in value since the beginning of the year. According to 'Invesopedia', Nvidia will report its earnings for the quarter on August 28. The market analyst and share market strategists expect an earnings-fueled post-market move could potentially mark «the technical low for the largest index weights and AI darlings,» ahead of a September rally.

Ukrainian Army used the battery fire or the hydrogen tank explosion technique to convert a civilian Toyota Mirai car into a hydrogen and plastic explosive that wreaked havoc. It was not a thermonuclear device or a hydrogen bomb, no fissile material was used. It was made using a fuel tank from a hydrogen car. However, the Ukrainian Army foiled the Russian efforts to take the town of Vovchansk and pushed them to a plant north of the river.

Vinesh Phogat's petition against her disqualification at the Paris Olympics, Indian Olympic Association (IOA) confirmed on Wednesday. IOA President Dr PT Usha has expressed her shock and disappointment at the decision of the Sole Arbitrator at CAS to dismiss Phogat’s application against the United World Wrestling (UWW) and the International Olympic Committee (IOC). The Indian wrester was disqualified by the IOC for weighing 100 grams more than permissible limit moments before her gold medal bout.

Imane Khelif earned a gold medal in Paris, the boxer who faced international scrutiny and misconceptions about her sex is likely to name Elon Musk and JK Rowling in her complaint against «cyber bullying», according to Variety. Khelif, who had been in the docks before over her gender eligibility, faced severe criticism after defeating Itanian boxer Angela Carini in an opening-round bout in just 46 seconds at the Olympics. After winning gold in the Olympics, Khelif filed a legal complaint in France. «JK Rowling and Elon Musk are named in the lawsuit, among others,» attorney Nabil Boudi told Variety on Tuesday. Boudi also said that former US President Donald Trump would be part of the probe. However, he said it wasn't clear if he would be named in the complaint.

Olympics and baseball is heading toward another reconciliation in 2028. That leads to the inevitable discussion of what the rosters could look like. Commissioner Rob Manfred said last month he was open to the possibility of major leaguers participating, but recent history suggests some obstacles. Baseball was dropped after the 2008 Games, returned in 2021 in Japan, then was left out this year in Paris.

As the Olympics close in Paris, Los Angeles has now taken the torch

PR Sreejesh is a big fan of former India head coach Rahul Dravid's coaching philosophy and would similarly like to mentor the talented juniors with an aim to create a solid feeder system for national hockey team. Just like Dravid worked his way up the ranks, first working with India's U-19 boys, followed by rising stars in A team and subsequently the senior team, the 'Custodian of India's dreams' won't mind working in the pathways system before being the chief national coach during the 2032 edition in Brisbane. «I want to become a coach. That was always my plan but now there is a question of when. After retirement, family comes first. I need to talk with them if they are OK with this. Now you have to listen to your wife a little bit,» Sreejesh told PTI editors at its headquarters here on Tuesday. If he decides to take up coaching, Sreejesh is clear in his mind how to go about in the new role.

For many Olympians, winning gold is the dream come true, but a secure financial future soon becomes the dream once the Star-Spangled Banner is played and the tears are dry.

Vinesh Phogat's fate who was disqualified from the Paris 2024 Olympics gold medal match in the 50kg freestyle wrestling category is now in the hands of Court of Arbitration for Sport (CAS) who will deliver its verdict on August 13. While the hearings are completed and only the verdict is left, there might be a crucial 'loophole' in the United World Wrestling (UWW) rulebook that could potentially benefit Phogat, according to media reports. According to current regulations, Phogat’s disqualification was due to her failing the weigh-in by a mere 100 grams. UWW rules state that no exceptions can be made for such violations, which seemingly rules out the possibility of awarding Phogat a silver medal. However, an intriguing loophole in the rulebook might offer Phogat a chance.

England Cricket Board (ECB) and Cricket Scotland opened the talks of introducing the Great Britain (GB) men's and women's teams for the next Los Angeles Olympics in 2028. Cricket is brought to the marquee event for the first time since 1900 and the decision to bring it back came last year. The details of the event are not yet confirmed but the International Cricket Council (ICC) has suggested a six-team tournament for both the categories. The tournament will be played for a week and the matches for the teams are likely to take place consecutively rather than «With the Los Angeles Olympics four years away, it's very early stages, but we're talking to Team GB and Cricket Scotland about the next steps we need to take. Once again Great Britain's Olympians have captured the national imagination with their exploits in Paris this year, and we look forward to working together to compete when cricket returns to the Olympic stage in 2028,» an ECB spokesperson told ESPNcricinfo.

India looks forward to bidding for the Olympics 2036, French President Emmanuel Macron said that India has the «capacity» to organise such events. Speaking to Jio Cinema, Macron said he believes in India's future. He added that the Olympics is fierce competition. «First of all, I am a strong believer in your country and the future of your country. And what you can build and your capacity to organise such events. I think this is a fierce competition. You should not underestimate that fact. I remember that seven years ago when we went to Lausanne, we did compete with the US at that time — Los Angeles. And we found this agreement at the end, it was, it is still a great cooperation. So, competing, by itself, is clearly a great preparation,» Macron said.