Sporting Financial News

Mutual fund managers continued their robust equity purchases for the fifth consecutive month in December 2023, pushing their total net equity investments over ₹1.7 trillion in the calendar year. Fund managers bought equities worth ₹230 billion (bn) until 28 December compared to ₹180 bn in November 2023, data from the Securities and Exchange Board of India (Sebi) showed. With inflows into equity MF schemes remaining positive for the past 34 months, domestic MFs have emerged as a pillar of support for the stock market.

Real estate data firm CoStar Group is moving its headquarters from Washington, D

With this year’s Super Bowl being played in Las Vegas, the nation’s gambling capitol, there was little doubt that betting on the big game would be huge

UFC 298 will take place on February 17 as MMA fighters are gearing up for the fight night in Anaheim, California, as per a report in CBS Sports. UFC 298 fight card inludes a number of prominent fighters and categories. Alexander Volkanovski will fight Ilia Topuria for featherweight title, Robert Whittaker will take on Paulo Costa for middleweights. Ian Machado Garry will fight Geoff Neal for welterweights, as per the report

Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing their prices decline instead of rise.

MS Dhoni, the iconic figure in Indian cricket, has sparked considerable interest with his latest bat sticker as the IPL 2024 approaches. As captain of the Chennai Super Kings, Dhoni appears to be gearing up for what could potentially be his final hurrah in cricket. Displaying the 'Prime Sports' logo on his bat serves as Dhoni's gesture of appreciation, reflecting his gratitude and affection for those who have supported him throughout his illustrious career. The owner of Prime Sports, Paramjit Singh, lauded Dhoni's action, describing it as a testament to their strong friendship. This act of appreciation transcended geographical boundaries, gaining recognition even from cricketing legends like Michael Hussey and Adam Gilchrist in Australia. Nevertheless, Prime Sports isn't the sole beneficiary of Dhoni's heartfelt gestures. Somi Kohli, the proprietor of 'Beat All Sports' (BAS), one of India's prominent sports manufacturing companies, disclosed Dhoni's greatness during the 2019 World Cup. Despite the tournament marking Dhoni's final appearance in Indian colors, he opted not to charge any fees for donning the BAS logo on his bat.

National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. However, it has also directed the Interim Resolution Professional (IRP), appointed by the National Company Law Tribunal (NCLT) after suspending the board of Dream 11, not to take any further steps till the next date of hearing, scheduled for February 23. A three-member bench of the appellate tribunal also issued notice to the IRP of Sporta Technologies and Resolution Professional of Reward Business Solution, directing them to file a reply within a week. «List this Appeal on 23.02.2024,» the National Company Law Appellate Tribunal (NCLAT) order said, adding that «In the meantime, the order impugned shall remain stayed. No steps, till the next date shall be taken by the IRP in the CIRP».

Sakshi Malik and Bajrang Punia on Wednesday alleged that national federation chief Sanjay Singh used devious means to get the suspension on WFI lifted by United World Wrestling (UWW) and threatened to restart their agitation against the body. The UWW on Tuesday lifted the provisional suspension on India but directed the national federation to provide written guarantees that there would be no discriminatory action against the protesting trio of Punia, Malik and Vinesh Phogat. The suspension was imposed by UWW in August last year after the WFI failed to hold elections in time. Punia, Malik and Phogat have been protesting for more than a year, demanding the arrest of former WFI chief Brij Bhushan Sharan Singh for allegedly sexually harassing women grapplers.

Sony Group and Honda Motor will introduce three electric vehicle (EV) models by the second half of this decade, the Nikkei business daily reported on Wednesday. Sony Honda Mobility will roll out a sedan in 2025, a sports utility vehicle in 2027 and a compact some time in 2028 or after in a bid to compete with Tesla, the Nikkei reported without citing its sources. A spokesperson for Sony Honda Mobility could not immediately be reached for comment.

Boston Celtics power forward Jayson Tatum announced Tuesday a gift of $1 million from the financial services company SoFi to his nonprofit

Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-Decem...

Tiger Woods might still be donning his familiar red polo shirt, but the iconic golfer has taken a bold leap forward with a new logo and clothing line partnering alongside a different company that could elevate his fashion identity

The year has kicked off well for India’s automobile industry. All major categories except one posted double-digit year-on-year growth. Retail sales of two-wheelers grew 15% in January, according to data from the Federation of Automobile Dealers Associations.

earnings for the December quarter later today, and analysts widely expect the company to report strong numbers on the back of healthy demand in the domestic market. Core Earnings Net profit for the quarter is seen rising 21.2% year-on-year (YoY) to Rs 2,428.30 crore, according to the average of estimates given by seven brokerage firms.

Zee Entertainment Enterprises has accused Walt Disney-owned Star India of violating the ICC TV rights agreement and has sought a refund of Rs 69 crore paid as part of the agreement. Zee asserted in its Q3 financial statements that it has strong grounds to counter Star India's claims in the ICC TV rights agreement matter. The company added that it has accrued Rs 72.1 crore for bank guarantee commission and interest expenses for its share of bank guarantee and deposit as per the agreement. Star India has sent letters to Zee through its legal counsel accusing the company of breaching the ICC TV rights agreement due to the non-payment of $203.5 million in the first installment of the rights fee along with the payment of the bank guarantee commission deposit of Rs 17 crore.

Tiger Woods playing his way to another major tournament victory while wearing a red polo shirt with a white Nike swoosh. That image is officially in the past, however. In January, Woods announced the end of his 27-year deal with Nike, which had made him hundreds of millions of dollars. The partnership was marked by memorable ads and, of course, the red Nike shirts that Woods wore during many final rounds on Sundays. When Woods announced the ending of his partnership with Nike, he said there would “certainly be another chapter.” On Monday, he and his new brand sponsor, TaylorMade Golf, made clear that the next chapter would again include a red polo shirt. It will be stitched with a tiger in the center, the logo for his new brand under TaylorMade: Sun Day Red.

Real Madrid will play RB Leipzig in the UEFA Champions League round 16 on Tuesday. The Spanish giant are in Leipzig and the match will take place at Red Bull Arena. UEFA Champions League round 16 match will kick off at 3 pm (ET) on Tuesday, February 13. One can watch the soccer game between Real Madrid and RB Leipzig on Paramount+. The live streaming will also be available on CBS Sports App.

By Dave Sherwood and Marianna Parraga

MUMBAI : Prime Volleyball League, India’s first private sporting league, will soon start looking at getting a strategic investor, as its valuation has more than quadrupled since its inception to over $90 million, said a top executive. Prime Volleyball was co-founded in 2021 by Indian sports marketing firm Baseline Ventures, the erstwhile promoter of the Pro Volleyball league, along with five original franchise owners of the now-defunct Pro Volleyball.

Indian community greeted Prime Minister Narendra Modi as he reached the hotel on the first day of the two-day visit to Abu Dhabi on Tuesday. Modi reached here earlier in the day to participate in the 'Ahlan Modi' ('Hello Modi' in Arabic) and address the large Indian community at the Zayed Sports City Stadium here later in the evening and on Wednesday would be inaugurating the largest Hindu temple in the UAE. As Modi reached the St Regis hotel after a bilateral meeting with Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, men, women and children alike, all dressed in their colourful best traditional wear, gathered on a flight of steps at the hotel lobby and also overlooking from the first-floor lobby, engaged in cheerfully shouted slogans such as 'Modi Hai Toh Mumkin Hai,' 'Har Ghar Modi, Ghar Ghar Modi' and even 'Ahlan Modi.' Modi responded by waving back at them.

Discover 10 best feature-rich smartwatches under ₹50,000: Our best picks for you The HAMMER Active 3.0 smartwatch boasts a 1.39-inch Radiant IPS Always On Display, making it suitable for both men and women. With Bluetooth calling and SOS functionality, it ensures connectivity and safety. Its premium build includes a metallic zinc alloy and IML shell, with dual buttons for smooth navigation.