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The <keyword id="19906063" type="General" weightage="100" keywordseo="ipl" source="keywords">IPL</keyword> mega auction 2024 kickstarted at 3 pm today at the Abady Al-Johar arena in Jeddha, Saudi Arabia. It will continue till tomorrow, and viewers can tune into Star Sports network on television and the JioCinema App. A total of 574 players were released by the respective franchise ahead of the mega auction. Of the 574 players, 366 are Indian, while 208 are overseas, including three from associate nations. The auction will see 318 Indian uncapped players and 12 uncapped overseas players in contention. There are 204 slots available, with 70 reserved for overseas players. The highest reserve price is set at Rs 2 crore, with 81 players opting for this bracket. The largest segment comprises players with a base price of Rs 30 lakh, totalling 320. The first set includes <keyword id="19904097" type="General" weightage="20" keywordseo="shreyas-iyer" source="keywords">Shreyas Iyer</keyword>, Rishabh Pant, and Arshdeep Singh, while the second features KL Rahul, <keyword id="20038368" type="General" weightage="20" keywordseo="yuzvendra-chahal" source="keywords">Yuzvendra Chahal</keyword>, Mohammed Shami, and Mohammed Siraj. The overseas marquee players are Mitchell <keyword id="19928915" type="General" weightage="20" keywordseo="starc" source="keywords">Starc</keyword>, Jos Buttler, Liam Livingstone, David Miller, and Kagiso Rabada. Several teams will deploy Right-to-Match (RTM) cards during the auction. The Kolkata Knight Riders (KKR) and Rajasthan Royals (RR), having retained six players each--the maximum allowed--will not have any RTM cards. Punjab Kings (PBKS) hold four RTMs, Royal Challengers Bengaluru (RCB) three, and Delhi Capitals (DC) two. Chennai Super Kings (CSK), Gujarat Titans (GT), Lucknow Super Giants (LSG), and Mumbai Indians (MI) each have one RTM. RTM cards enable teams to buy back released players by matching the highest bid. In this auction, the team with the highest bid can increase their offer once more, after which the team holding the RTM card can match the final bid to secure the player. The IPL 2025 Mega Auction promises to deliver high-stakes action, with marquee players and strategic manoeuvres set to enthral cricket fans. A total of 12 marquee players, including Indian stars like Shreyas Iyer, Rishabh Pant and KL Rahul have created a lot of buzz within the cricket fraternity. A total of 574 players have been shortlisted from an initial pool of 1,574 names. These players will go under the hammer from November 24-25 in Jeddah. The list includes 208 overseas players, 12 uncapped overseas talents, and 318 uncapped Indian players, according to Wisden. Here is a look at all the marquee players who will be going under the hammer: Jos Buttler (England) Buttler is one of finest white-ball batters of this generation, with 11,929 runs, eight centuries and 83 fifties to his name in 427 T20s. A T20 World Cup-winning captain for England, Buttler made a name for himself in the IPL during his stint with Rajasthan Royals (RR) from 2018 to 2024. For RR since 2018, Buttler scored 3,055 runs at an average of 41.84 and a strike rate of 147.79, with 7 centuries and 18 fifties. His best score was 124. He is the team's third-highest run-getter of all time. The IPL 2022, in which RR finished as runners-up, was the zenith of Buttler's career, as he ended up on the top of run-scoring charts, with 863 runs in 17 matches at an average of 57.53 and a strike rate of over 149, with four centuries and four fifties. His best score was 116. In the last season, Buttler scored 359 runs in 11 matches at an average of 39.88, with two centuries. Buttler also represented Mumbai Indians (MI) from 2016-17, scoring 527 runs in 24 matches with one half-century. He won the title with them in 2017. Shreyas Iyer (<keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>) Iyer has played all formats for India, proving his mettle mostly in ODI cricket, where he averages 47 and has scored five centuries and 18 fifties in 57 ODIs. In 51 T20Is for India, Iyer has scored 1,104 runs at an average of 30.66 and a strike rate of over 136, with eight half-centuries and best score of 74*. During his time with Delhi Capitals (2015-21), he earned a reputation as a fierce young leader, taking DC to finals in 2021. After joining Kolkata Knight Riders (KKR) in 2022, Iyer went one step further and won the franchise its third IPL title, its first in 10 years, this year. Throughout the season, Iyer along with mentor Gautam Gambhir, led the team's aggressive, high-scoring brand of cricket from the front. In his IPL career, Iyer has scored 2,375 runs at an average of 31.67, with a strike rate of 123.96 and 16 half-centuries. His best score is 96. In his last season for KKR, he scored 351 runs in 15 matches at an average of 39.00 and a strike rate of over 146, making two fifties. Rishabh Pant (India) The swashbuckling wicketkeeper-batter is an all-format for India and a livewire on the field. Having proven himself as a man for big stages in Test cricket, Pant's T20 game is just as solid. Though he has scored 1,209 runs in 76 T20Is at an underwhelming average of 23.25, strike rate of almost 128 and just three fifties, his overall T20 numbers are way better, having made 5,022 runs in 202 matches at an average of 31.78, strike rate of over 145, with two centuries and 25 fifties. Pant has represented Delhi Capitals (DC) for his entire IPL career since 2016, scoring 3,284 runs in 110 matches at an average of 35.31, with a century and 18 fifties. He was appointed as the team's captain in 2021 and led them to playoffs in the same season. During this last season, which marked his return from competitive cricket after a serious road accident in 2022-end, Pant scored 446 runs in 13 matches at an average of 40.54 and a strike rate of 155.40, with three fifties and best score of 88*. He was the leading run-scorer for DC. Kagiso Rabada (South Africa) The South African pacer is among the best in the world, having taken 71 wickets in 65 T20Is. He is the part of the SA team which reached the T20 World Cup finals this year and took 13 wickets in nine matches. Rabada has played T20 leagues and competitions worldwide and taken 264 scalps in 211 matches. In the IPL, Rabada has represented Delhi Capitals and Punjab Kings, having taken 117 wickets in 80 matches. With PBKS from 2022-2024, he took 41 wickets in 30 matches while with DC from 2017-2021, he took 76 wickets in 50 matches. In 11 matches last season for Punjab Kings, he took 11 wickets at an average of 33.81. Arshdeep Singh (India) A brilliant left-arm pacer for his swing and wicket-taking abilities, Arshdeep has represented India in 59 T20Is and has already taken 92 wickets at an average of 18.47, making him the most successful pacer for India in T20Is and their second-highest wicket-taker of all-time despite debuting only in 2022. The youngster was a crucial part of India's T20 WC winning squad this year and was the joint-highest wicket-taker in the tournament with 17 wickets in eight matches at an average of 12.47. Since 2019, the year of his IPL debut, Arshdeep has represented the Punjab Kings in 65 matches, taking 76 wickets at an average of 27.00 and best figures of 5/32. The season this year was his strongest-ever showing, taking 19 wickets in 14 matches at an average of 26.58. Mitchell Starc (Australia) A multi-time world champion with Australia across all formats, Starc is considered as one of the deadliest pacers of this era, having taken 681 wickets in 281 matches. In 65 T20Is for Australia, he has taken 79 wickets at an average of 23.81. in 142 T20Is played worldwide, he has taken 193 wickets at an average of 20.59 and best figures of 4/15. After two seasons with Royal Challengers Bengaluru (RCB) from 2014-15, Starc made his IPL return this year as the most expensive player ever, brought by Kolkata Knight Riders (KKR) for Rs 24.75 crores. Though he delivered mixed returns during the league stage, the 'Big Match Starc' came into play during playoffs, delivering outstanding spells of 3/34 and 2/14 against <keyword id="19959099" type="General" weightage="20" keywordseo="sunrisers-hyderabad" source="keywords">Sunrisers Hyderabad</keyword> (SRH) in the Qualifier 1 and final. He ended the season with 17 wickets in 14 matches at an average of 26.12 including a four-wicket haul. So far in his IPL career, Starc has taken 51 wickets in 41 matches. Yuzvendra Chahal (India) The Indian spin veteran is the chart-topping bowler, owning the most wickets by an Indian in T20is and by any bowler in the IPL. In the IPL, Chahal has taken 205 wickets in 160 matches at an average of 22.44, with best figures of 5/40. In 80 T20Is he has taken 96 wickets at an average of 25.09 with best figures of 6/25. Also in all of T20s, he has taken 354 wickets in 305 matches, the most by an Indian bowler. Chahal remains the leading wicket-taker for Royal Challengers Bengaluru (RCB), even after departing in 2021 following a tenure that began in 2014. In 113 matches for RCB, he took 139 wickets at an average of 22.03, with a best of 4/25. Since joining Rajasthan Royals (RR) in 2022, Chahal has helped the team reach the playoffs twice in three seasons. He is also the leading wicket-taker in IPL history, amassing 205 wickets in 160 matches at an average of 22.44, with a best of 5/44. He won the Purple Cap in 2022, his debut season with RR, securing 27 wickets in 17 matches at an average of 19.51, with best figures of 5/40. During the 2024 season, he took 18 wickets in 15 matches at an average of 30.33. Liam Livingstone (England) A T20 World Cup-winning all-rounder, Liam has scored 877 runs in 53 T20Is at an average of 27.40 and a strike rate of almost 152, with a century and two fifties. With his useful right-arm spin, he has taken 32 wickets at an average of over 23, with best figures of 3/17. He owns the record for fastest T20I ton by an England player, in just 42 balls. The batting all-rounder has played for Rajasthan Royals (RR) and Punjab Kings (PBKS) since his tournament debut in 2019, scoring 939 runs in 39 matches at a strike rate of 162.46 and six fifties. He has also taken 11 wickets. His best has come with Punjab, who signed him for Rs 11.5 crores ahead of the 2022 season, which proved to be his breakthrough, scoring 437 runs in 14 matches with four fifties and a strike rate of 182.08 and getting six wickets in 14 matches. In the last season, Livingstone scored 111 runs in seven matches at an average of 22.20, striking at over 142 and having the best score of 38*. David Miller (South Africa) An elite T20 finisher, Miller is considered as one of the modern white-ball greats for South Africa. In 128 matches for Proteas, he has made 2,473 runs at an average of 32.54, striking at almost 140, with two centuries and seven fifties. In the IPL, Miller is known for his stints with Punjab Kings, Rajasthan Royals and Gujarat Titans. His stint with Punjab from 2012-19 made him a valuable IPL commodity, as he enjoyed his peak years from 2013-15, reaching the finals in 2014. After a few years' of underwhelming performances and being benched, GT placed trust in his finishing abilities and he repaid the faith with a 481-run season in 16 matches with two fifties, playing a crucial role in the team's title win in his debut season. Miller is also known for his fine performances in knockout games. In 41 matches for GT, he has scored 950 runs at an average of 45.24, with three fifties in 38 innings and a strike rate of 145.26. In the last season, he scored 210 runs at an average of 35.00 and a strike rate of over 151, with a half-century. KL Rahul (India) A versatile batter for India across all formats. He can open, bat in middle-order, anchor and accelerate. A highly capable wicketkeeper-batter as well. He is India's fourth-highest run-getter in T20Is, scoring 2,265 runs in 72 matches at an average of 37.75, striking at almost 140 with two centuries and 22 fifties to his name. In 132 IPL matches since his debut in 2013, KL has played for Sunrisers Hyderabad, Royal Challengers Bengaluru, Punjab Kings and Lucknow Super Giants, even going on to captain the latter two teams. In 132 matches, he has scored 4,683 runs at an average of 45.47 and a strike rate of 134.61, with four centuries and 37 fifties. For LSG since 2022, he has scored 1,410 runs at an average of 41.47, with a strike rate of 130.68, two centuries and 10 fifties. He has never won an IPL title. In 14 matches last season, he scored 520 runs at an average of 37.14 and a strike rate of 136.12 and four half-centuries. His best score was 82 and he ended up as seventh-highest run-getter in the season. Mohammed Shami (India) The Indian pace veteran has represented India in all formats, having taken 448 wickets in 188 matches. His finest hour in an Indian jersey came during the 50-over World Cup at home last year, where he emerged as the leading-wicket-taker with 24 wickets in just seven matches and played a crucial role in India's runners-up finish. In IPL, Shami has played for Delhi Capitals, Punjab Kings, Kolkata Knight Riders and Gujarat Titans. He has taken 127 wickets in 110 matches at an average of 26.86. Shami was the Purple Cap holder for most wickets in GT's 2023 runners-up season and has taken 48 wickets in 33 matches at an average of 21.04 for the team. This also remains his last IPL season as he missed the previous season due to an ankle injury. Mohammed Siraj (India) Siraj is a solid all-format pacer for India, having taken 165 wickets across 91 matches, with a lot of match-winning performances in overseas Tests. He is the ICC T20 World Cup 2024 winner with the team. In his IPL career, he has played for Sunrisers Hyderabad and Royal Challengers Bengaluru (RCB) from his debut in 2017, taking 93 wickets in 93 matches at an average of 30.34. Since 2018, he has been a vital part of RCB's pace attack, having taken 83 wickets in 87 matches at an average of 31.45 and best figures of 4/21. In the last season this year, he took 15 wickets in 14 matches at an average of 33.07, playing a crucial role in the team's inspirational playoffs qualification. (ANI) A total of 1,574 players will go under the hammer in the upcoming IPL 2025 mega auction in Jeddah, Saudi Arabia on Sunday and Monday which includes 1,165 Indian players and 409 overseas players, all competing for a place in the world's premier T20 league. The comprehensive list of registered players features 320 capped players, 1,224 uncapped players, and 30 players from Associate Nations. Specifically, the breakdown includes 48 capped Indian players, 272 capped international players, 152 uncapped Indian players who previously played in IPL seasons, 3 uncapped international players with prior IPL experience, 965 uncapped Indian players, and 104 uncapped international players. Among the 409 overseas players, Australia leads with 76 registrations, followed by South Africa with 91, and England with 52. Other notable countries include New Zealand with 39, West Indies with 33, Afghanistan and Sri Lanka with 29 each, and the USA with 10 players. Players from Bangladesh (13), Ireland (9), Canada (4), Netherlands (12), Zimbabwe (8), Scotland (2), UAE (1), and Italy (1) have also registered. With each of the ten IPL franchises able to fill a maximum squad of 25 players, 204 slots will be available at the IPL 2025 player auction. The event promises to be highly competitive as teams build their rosters for the next three years.

IPL 2025: What can you expect from the mega auction at Jeddah in Saudi Arabia?

The Indian Premier League (IPL) 2024 concluded in a somewhat anti-climatic manner on Sunday, with the Kolkata Knight Riders (KKR) dominating the finals and securing their third title, leaving Sunrisers Hyderabad (SRH) with the runners-up medals. In the high-stakes final, Shreyas Iyer’s team turned the match into a one-sided showcase at the MA Chidambaram Stadium. Mitchell Starc's stellar bowling led KKR to bowl out SRH for a mere 113, setting a record for the lowest total in an IPL final. Beyond the glory of the trophy and the gleam of the winners' medals, KKR also pocketed hefty prize money for clinching the <keyword id="19911541" type="General" weightage="20" keywordseo="IPL-2024" source="keywords">IPL 2024</keyword> title. <cmsannotation type="cmsannotation" annotationid="How much prize money did KKR win after their third IPL title victory?" comment="subhead" text="How much prize money did KKR win after their third IPL title victory?">How much prize money did KKR win after their third IPL title victory?</cmsannotation> Although there's no official statement from the IPL, the prize money for this season reportedly mirrors last year's figures, with the BCCI maintaining the same prize money structure. Therefore, the total prize purse for IPL 2024 amounts to INR 46.5 crore. From this, KKR will receive INR 20 crore for their victory. Sunrisers Hyderabad, as the second-place team, will get INR 12.5 crore. Former champions Rajasthan Royals will be awarded INR 7 crore for finishing third, while fourth-placed Royal Challengers Bengaluru will take home INR 6.5 crore. As for the players, <keyword id="6354486" type="General" weightage="20" keywordseo="Virat-Kohli" source="Orion">Virat Kohli</keyword> will earn INR 10 lakh for ending IPL 2024 as the top run-scorer. Kohli clinched the Orange Cap, amassing 741 runs in 15 matches at an average of 61.75, including a century and five fifties. His highest score was 113*, and his strike rate of 154.69 marks his best in a single IPL season. <keyword id="865264" type="General" weightage="20" keywordseo="Harshal-Patel" source="Orion">Harshal Patel</keyword> of Punjab Kings secured the Purple Cap as the season's highest wicket-taker, earning INR 10 lakh. The proficient pacer finished with 24 wickets in 14 matches, boasting an economy of 9.73 and an average of 19.87. KKR veteran <keyword id="793467" type="General" weightage="20" keywordseo="Sunil-Narine" source="Orion">Sunil Narine</keyword> received the title of the Most Valuable Player of the Year for his all-round contributions, and he will take home INR 10 lakh. This marks <a href="https://www.businessinsider.in/sports/news/sunil-narine-becomes-first-player-to-win-mvp-award-in-ipl-thrice/articleshow/110453867.cms">a record third time that Narine has won the IPL MVP award</a>. He bagged his first during his debut season in 2012 for picking up 24 wickets, followed by another in 2018 when he scored 357 runs and took 17 wickets. Other award winners and their respective prize money figures are as follows: <ul><li>Emerging player of the season: Nitish Kumar Reddy (INR 10 lakh)</li><li>Super Striker of the season: Jake Fraser-McGurk (INR 10 lakh)</li><li>Ultimate fantasy player: Sunil Narine (INR 10 lakh)</li><li>Most sixes: Abhishek Sharma (INR 10 lakh)</li><li>Most fours: Travis Head (INR 10 lakh)</li><li>Catch of the season: Ramandeep Singh (INR 10 lakh)</li><li>Best pitch and ground of the season: Rajiv Gandhi International Stadium, Hyderabad (INR 50 lakh)</li><li>Fairplay award: Sunrisers Hyderabad (INR 10 lakh)</li></ul>These prize figures starkly contrast with the opening season of the IPL in 2008, when the champions were awarded INR 4.8 crore and the runners-up received INR 2.4 crore. The sheer gap between the figures of then and now illustrates the exponential growth the Indian Premier League has seen over the past decade and a half. Despite the increased prize money, the exorbitant fees for several star players across different franchises have been on a whole other level. For example, KKR signed Mitchell Starc for an astounding INR 24.75 crores this year, making him the most expensive purchase in IPL history. Following him as IPL 2024’s costliest signings were Pat Cummins at INR 20.75 crores, Daryl Mitchell at INR 14 crores, Harshal Patel at INR 11.75 crores and Alzarri Joseph at INR 11.5 crores.

IPL 2024 prize money: How much did KKR, SRH, Kohli, Harshal, Narine and others win this season?

Legendary West Indian all-rounder <keyword id="20508612" type="General" weightage="100" keywordseo="Dwayne-Bravo" source="keywords">Dwayne Bravo</keyword> has announced his <keyword id="19908343" type="General" weightage="20" keywordseo="retirement" source="keywords">retirement</keyword> from all forms of cricket, bringing down the curtains on a two-decade-long career that spanned numerous cricket leagues and international arenas. The 40-year-old World Cup winner will now embark on a new journey as a mentor for the <keyword id="19899758" type="General" weightage="20" keywordseo="Kolkata-Knight-Riders" source="keywords" meta.keywordsubtype="org" meta.entityname="Kolkata Knight Riders" meta.hostid="261" meta.entityid="Kolkata Knight Riders">Kolkata Knight Riders</keyword> (KKR), marking the end of his illustrious association with Chennai Super Kings (<keyword id="19896464" type="General" weightage="20" keywordseo="CSK" source="keywords">CSK</keyword>), where he played and coached. Bravo’s announcement came on Instagram on Thursday, where he shared his heartfelt farewell to the sport. "Today is the day I say goodbye to the game that has given me everything," Bravo wrote. "Twenty-one years as a professional cricketer – it's been an incredible journey, filled with many highs and a few lows. Most importantly, I was able to live my dream because I gave you 100 at every step." While he expressed his desire to continue, Bravo acknowledged it was time to "face reality," adding that his body could no longer withstand the strain and injuries that had come with the game. <h2>Injury shortens final <keyword id="21618603" type="General" weightage="20" keywordseo="CPL" source="keywords">CPL</keyword> stint</h2>Bravo had declared earlier this year that the ongoing Caribbean Premier League (CPL) season would be his last, but fate had other plans. A groin injury sustained while fielding in a match against the St. Lucia Kings prematurely ended his CPL stint, cutting short his farewell tournament. Reflecting on the injury, Bravo said, "My mind wants to keep going, but my body can no longer endure the pain, the breakdowns, and the strain. I can't put myself in a position where I might let down my teammates, my fans, or the teams I represent." Despite the bittersweet ending to his career, Bravo made it clear that he leaves with no regrets. "Though this ending is bittersweet, I have no regrets about my career or this decision. Now, I look forward to my next chapter. Once again, thank you. See you soon on the other side." <h2>From CSK star to <keyword id="21527152" type="General" weightage="20" keywordseo="KKR-mentor" source="keywords">KKR mentor</keyword></h2>Bravo's <keyword id="19906063" type="General" weightage="20" keywordseo="IPL" source="keywords">IPL</keyword> legacy is immense, having won three IPL titles with CSK after joining the franchise in 2011. His versatility and leadership on the field earned him a special place in the hearts of CSK fans, and his transition to the role of bowling coach for the team in 2023 was a testament to his enduring impact. However, his new role with KKR signals the end of his long-standing CSK chapter. At Kolkata Knight Riders, Bravo will replace Gautam Gambhir, who left his mentorship role to take over as India's head coach earlier this year. Venky Mysore, CEO of Knight Riders Group, expressed his enthusiasm for Bravo’s new role. "DJ Bravo joining us is an exciting development. His relentless drive to win, along with his vast experience and deep knowledge, will greatly benefit our franchise and players," Mysore said in a media release. Bravo’s responsibilities will not be limited to the IPL. He will also oversee KKR's other <keyword id="20214221" type="General" weightage="20" keywordseo="T20" source="keywords">T20</keyword> franchises, including the Trinbago Knight Riders in the CPL, Major League Cricket (MLC) in the US, and International League T20 (ILT20) in the UAE. "We’re also pleased that Bravo will be involved with our other franchises globally," Mysore added. <h2>An iconic career comes to a close</h2>Bravo’s <keyword id="20513887" type="General" weightage="20" keywordseo="cricket-career" source="keywords">cricket career</keyword> is nothing short of legendary. With 582 T20 matches under his belt, 631 wickets, and nearly 7,000 runs, he redefined the role of an all-rounder in the shortest format of the game. His influence transcended national and international boundaries, as he played for franchises across the globe and even served as a consultant for the Afghanistan men's team. Speaking about his new journey with KKR, Bravo said, "I've been part of the Trinbago Knight Riders for the last 10 years in the CPL. Having played for and against the Knight Riders in various leagues, I have a lot of respect for how they operate." The end of Bravo’s playing career signals the beginning of a new chapter in the cricketing world. For fans who have followed his journey for over two decades, his presence off the field will surely bring as much wisdom as his performances did on it. As Bravo himself said, "The Champion bids farewell," but his legacy will continue to inspire many, both within KKR and around the world. (With inputs from PTI)

“Body can no longer endure the pain”: CSK legend Dwayne Bravo retires from cricket, to join KKR as mentor

The Reserve Bank of India (<keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword>) is likely to transfer approximately Rs 1000 billion to the <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword> IN <keyword id="19965933" type="General" weightage="20" keywordseo="FY25" source="keywords">FY25</keyword> according to a report by Union Bank of India. The report highlights that RBI is anticipated to maintain a robust <keyword id="20047030" type="General" weightage="20" keywordseo="dividend" source="keywords">dividend</keyword> payout for the <keyword id="20093202" type="General" weightage="20" keywordseo="fiscal-year" source="keywords">fiscal year</keyword> 2025 (FY25). This projection represents a slight increase from Rs 874 billion transferred in the previous fiscal year. "The government has budgeted the FY25 dividend for RBI and PSU banks &amp; financial institutions at INR 1020bn, vis-a-vis INR 1044bn in FY24. In our view, a positive surprise is likely, similar to last year when initial budget estimate for overall dividend was only INR 480bn" said the report. Analysts in the report predict a potential positive surprise, akin to the previous fiscal year, when the initial budget estimate for dividends was significantly lower at INR 480 billion. Despite several factors influencing RBI's dividend calculation, such as <keyword id="21195402" type="General" weightage="20" keywordseo="interest-earnings" source="keywords">interest earnings</keyword> and foreign exchange (FX) gains, analysts predict a continuation of strong dividend figures. The majority of RBI's balance sheet, approximately 70 percent, consists of foreign currency assets, with another 20 per cent in domestic government bonds. Interest earnings from these securities are expected to range from Rs 1.5-1.7 trillion. Additionally, interest from liquidity operations has increased RBI's earnings, particularly as the banking system returned to a deficit mode from September 2023. While income gains of RBI from FX (Forex) sales decreased slightly due to lower sales volumes, they are expected to remain substantial despite a rise in the weighted average cost of <keyword id="20102143" type="General" weightage="20" keywordseo="reserves" source="keywords">reserves</keyword>. Moreover, a decline in provisions likely contributed to boosting RBI's dividend. Provisions for reserves, as per the Economic Capital Framework outlined by the Jalan committee, saw a rise in the contingency fund provision due to increased balance sheet growth. The impact of the RBI dividend announcement on markets may be limited in the near term, especially with ongoing elections potentially delaying government spending. However, if the surplus balance is utilized for activities like G-Sec buybacks, it could support the shorter end of the G-Sec curve. Overall, analysts maintain a positive outlook on longer-duration G-Secs due to favorable demand-supply dynamics. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-up-8-5g-smartphones-account-for-over-70-of-shipments/articleshow/110002512.cms" target="_blank">Indian smartphone market up 8%, 5G smartphones account for over 70% of shipments</a><a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/ipl-decoded-highest-individual-scores-in-ipl-2024-so-far-from-stoinis-to-kohli/slidelist/110008351.cms" target="_blank">IPL Decoded: Highest individual scores in IPL 2024 so far, from Stoinis to Kohli</a><a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-and-samsung-dominate-the-top-selling-smartphones-in-q1-2024/slidelist/109977094.cms" target="_blank">Apple and Samsung dominate the top-selling smartphones in Q1 2024</a>

RBI likely to transfer ₹1 trillion to government in FY25

Chennai on Sunday witnessed a rain-free morning, but cloudy weather returned ahead of the Indian Premier League (IPL) 2024 final between <keyword id="6354467" type="General" weightage="20" keywordseo="kolkata-knight-riders" source="Orion">Kolkata Knight Riders</keyword> (KKR) and <keyword id="1494441" type="General" weightage="20" keywordseo="sunrisers-hyderabad" source="Orion">Sunrisers Hyderabad</keyword> (SRH) at the <keyword id="20899355" type="General" weightage="20" keywordseo="ma-chidambaram-stadium" source="keywords">MA Chidambaram Stadium</keyword>. As per ESPNcricinfo, KKR's training session was disturbed by a sharp spell of rain lasting over an hour. However, at the time of 1 pm on Sunday afternoon, the rain peril appeared to be removed, having just a 4 per cent chance of precipitation according to Accuweather. In case the weather becomes the hurdle in the summit clash, there is a provision for a <keyword id="21810472" type="General" weightage="20" keywordseo="reserve-day" source="keywords">reserve day</keyword>. Notably, the 2023 <keyword id="19931" type="General" weightage="20" keywordseo="IPL-final" source="Orion">IPL final</keyword> in Ahmedabad went into the reserve day, where due to the rain the match was pushed to the finish of the match. In the match, Chennai Super Kings (CSK) chased down the revised total target of 171 in 15 against Gujarat Titans (GT) - at 1:35 am on what was actually day three. KKR finished the league stage on the top of the points table with nine wins, three losses and two no results, giving them 20 points. They earned a direct spot in the final by defeating SRH in the qualifier one. SRH got a second shot at the title in the qualifier two against Rajasthan Royals (RR) and they made the most of it by defeating the Men in Pink by 36 runs. Meanwhile, SRH captain Pat Cummins remarked that his golden run as captain in all formats of cricket has to end at some point in time. "It has been great. The run has got to stop at some point. It has been a great couple of years. I had not captained in T20 before this tournament. I did not know what to expect. It is quite fast-paced (in T20Is). Drawing on ODI captaincy last year, it (T20Is) did not feel too foreign," Cummins said in the pre-match press conference. The pitch for the final is a red-soil strip which was also used for CSK's match against Punjab Kings (PBKS) on May 1. On the playing surface, KKR captain Shreyas Iyer the wicket is different from what it was yesterday during the qualifier two between SRH and Rajasthan Royals (RR). "It is red soil, yesterday it was black. Looking through TV, we thought dew was going to play a role, but it did not the ball started spinning," he concluded. Irrespective of who comes out on top, the cricket fans and the sport itself will win, fortunate enough to witness what could the final game of a game-changing IPL.

IPL 2024 final: Will rain play spoilsport in blockbuster title clash between KKR-SRH?

A few years back, after a promotional event at a five-star hotel in New Delhi, <keyword id="19914485" type="General" weightage="100" keywordseo="Gautam-Gambhir" source="keywords">Gautam Gambhir</keyword> was seen smiling in the foyer — an unusual sight. A couple of journalists approached him. Known for being a non-conformist, he was in the midst of a cold war with the then officials of the Delhi and District <keyword id="19919646" type="General" weightage="20" keywordseo="cricket" source="keywords">Cricket</keyword> Association (DDCA). "You know why I don't fear anyone in this establishment? Because I am not here to earn money," he told the journalists, writes Kushan Sarkar, a special correspondent with Press Trust of India (PTI). <h2>Gambhir named new <keyword id="20147279" type="General" weightage="20" keywordseo="head-coach" source="keywords">head coach</keyword></h2> On Tuesday, Board of Control for Cricket in India (BCCI) named Gautam Gambhir as head coach of the Indian cricket team. The former opener fills gigantic shoes of the legendary Indian Mr Dependable batsman <keyword id="19923639" type="General" weightage="20" keywordseo="Rahul-Dravid" source="keywords">Rahul Dravid</keyword>, and is tasked with building on the latter's success in the recent T20 World Cup. "I have always taken pride while donning the Indian jersey during my playing days, and it is going to be no different when I take up this new role," said the 42-year-old Gambhir in a statement. <div type="image" title="Gautam Gambhir becomes new head coach of Indian men&amp;#39;s cricket team" agency="ANI" msid="111615122" hostid="261" caption="&amp;lt;p&amp;gt;Gautam Gambhir becomes new head coach of Indian men&amp;#39;s cricket team&amp;lt;/p&amp;gt;"></div> BCCI secretary Jay Shah announced that Gautam Gambhir has been unanimously appointed as the head coach. Gambhir, who scored over 10,000 international runs in his 13-year career, will travel to Sri Lanka with the team for his first assignment in late July. Iconic Indian batters Rohit Sharma and <keyword id="19907934" type="General" weightage="20" keywordseo="Virat-Kohli" source="keywords">Virat Kohli</keyword> have been rested for the white ball ODI series against the Lankans. Shah praised Gambhir as a "fierce competitor and a brilliant strategist" and expressed confidence in his ability to elevate the team's performance. "We believe he will bring the same tenacity and leadership to his role as head coach," Shah said. "He will bring out the best in our players." <h2>A new journey for the former MP</h2> Gambhir played a crucial role in India's 2011 ODI World Cup win and recently led Kolkata Knight Riders (KKR) to an <keyword id="19906063" type="General" weightage="20" keywordseo="IPL" source="keywords">IPL</keyword> title. His extensive experience in various capacities throughout his career makes him an ideal candidate for the coaching job, according to Shah. After retiring as a player, Gambhir ventured into commentary and politics, becoming a lawmaker for Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) before quitting politics in March to rejoin KKR as a mentor. BCCI president Roger Binny hailed Gambhir's appointment as marking a "new chapter for Indian cricket," emphasizing his "experience, dedication, and vision for the game." "India is my identity and serving my country has been the greatest privilege of my life. I'm honoured to be back, albeit wearing a different hat. But my goal is the same as it has always been, to make every Indian proud. The men in blue shoulder the dreams of 1.4 billion Indians and I will do everything in my power to make these dreams come true!," said Gambhir in a post on 'X'. <h2>Controversial journey of the new coach</h2> As Gambhir steps into this challenging role, his outspoken and often controversial personality will be scrutinized against Dravid's calm approach. Coming from Central Delhi's Old Rajinder Nagar — a hub for Civil Services aspirants — Gambhir never found things easy in Indian cricket. Perhaps this is why intensity became his second nature, as he had to constantly prove himself, writes Kushan Sarkar. As Delhi's skipper, he once refused to attend practice for days until Ajay Jadeja, the team coach accused of match-fixing, resigned. His remarks have often been portrayed to have reflected his belief that Mahendra Singh Dhoni gets undue credit for a single six in the 2011 World Cup final. His altercation with India's star player Virat Kohli during IPL matches (RCB Vs KKR in 2013 and RCB Vs LSG in 2023) also received widespread traction. Despite such — often controversial — actions, he is well-respected across the Indian cricket fraternity for his unflinching commitment and loyalty to his team. With the T20 World Cup win in Barbados last month, Indian cricket team gave wings to the dreams of billions of Indian cricket fans. But the win also came as a bittersweet surprise, with multiple senior players announcing their retirement — marking the end of an era in the country's cricket history. As Gambhir takes the steering wheel as the new head coach one can only wish that the journey — with all its ups and downs — turns out to a successful one for both him, and the team! <div type="Article" hostid="261" msid="111370557" title="Emotional rollercoaster: Team India&amp;#39;s historic T20I World Cup win marks a golden chapter in Indian cricket" mstype="2" mssubtype="0"><payload><![CDATA[seealso]]></payload></div> <div type="Article" hostid="261" msid="111395294" title="Jay Shah confirms Team India&amp;#39;s new head coach will join from Sri Lanka series" mstype="2" mssubtype="0"><payload><![CDATA[seealso]]></payload></div>

'Mr Intense' Gautam Gambhir succeeds 'Mr Dependable' as Indian men's cricket team's head coach

Kolkata Knight Riders (<keyword id="19924483" type="General" weightage="20" keywordseo="KKR" source="keywords">KKR</keyword>) clinched the top position on the points table in the Indian Premier League (IPL) 2024, making it the first time in the tournament's history that the Kolkata-based franchise has achieved this feat. Two teams have already qualified for the <keyword id="19911541" type="General" weightage="20" keywordseo="IPL-2024" source="keywords">IPL 2024</keyword> playoffs: KKR leads the standings, while RR is on a four-match losing run heading into the tournament's knockout rounds. With Rajasthan Royals (RR) suffering a defeat against Punjab Kings (PBKS) on Wednesday KKR sealed the top spot in the league phase of IPL 2024 for the first time in league history, while the second spot is still up for grabs. They have now left the door ajar for both <keyword id="21035867" type="General" weightage="20" keywordseo="SRH" source="keywords">SRH</keyword> and <keyword id="19896464" type="General" weightage="20" keywordseo="CSK" source="keywords">CSK</keyword> to go past them on the points table. RR, who were the only contenders capable of challenging KKR for the top spot, with four defeats in a row might lose a chance to make a top-two finish after overpowering the points table for much of the season. Meanwhile for the Royal Challengers Bengaluru (<keyword id="20282652" type="General" weightage="20" keywordseo="RCB" source="keywords">RCB</keyword>), if SRH earns at least one more point, either by a washout or a win, RCB's sole hope is to finish ahead of CSK in the points standings. That implies defeating them by at least 18 runs if they score 200. On the other hand, a win over RCB on Saturday will secure Chennai Super Kings' (CSK) qualification. If they lose by less than 18 runs (chasing 200), their NRR will remain higher than that of RCB, and they will qualify regardless of other results. If CSK loses by a wider margin, they must hope that SRH loses their remaining games and finishes behind in the run rate, in which case both CSK and RCB will qualify. CSK may potentially move into second place on the points table if RR loses their last game and SRH wins no more than one match. Then, a win over RCB might boost CSK to second place, since their NRR is now higher than that of both SRH and RR. Sunrisers Hyderabad (SRH) are just one point away from qualification. If a game gets washed out due to rain or they win even one of their remaining two games, then SRH will qualify for the playoffs. In case SRH lose both of their games and RCB beats CSK by a margin, which causes CSK's net run rate to drop below that of SRH, the Pat Cummins side will qualify for the playoffs. SEE ALSO:<a href="https://www.businessinsider.in/india/news/woman-loses-54-lakh-in-work-from-home-scam-heres-what-it-is-and-how-to-protect-yourself/articleshow/110166963.cms" target="_blank"></a> <a href="https://www.businessinsider.in/india/news/woman-loses-54-lakh-in-work-from-home-scam-heres-what-it-is-and-how-to-protect-yourself/articleshow/110166963.cms" target="_blank">Woman loses ₹54 lakh in work-from-home scam! Here's what it is and how to protect yourself</a><a href="https://www.businessinsider.in/tech/mobile/webstories/vivo-takes-the-top-spot-in-india-top-smartphone-brands-in-q1-2024/slidelist/110150830.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/vivo-takes-the-top-spot-in-india-top-smartphone-brands-in-q1-2024/slidelist/110150830.cms" target="_blank">Vivo takes the top spot in India: Top smartphone brands in Q1 2024</a><a href="https://www.businessinsider.in/tech/news/google-i/o-2024-highlights-ask-photos-ai-overviews-ai-fraud-protection-and-more-announced/articleshow/110143756.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/google-i/o-2024-highlights-ask-photos-ai-overviews-ai-fraud-protection-and-more-announced/articleshow/110143756.cms" target="_blank">Google I/O 2024 highlights: Ask Photos, AI Overviews, AI fraud protection and more announced</a>

KKR secure top spot for first time; RCB, CSK, SRH still in hunt for two remaining IPL playoff spots

New Delhi [India], March 7 (ANI): Indian wicketkeeper-batter Dinesh <keyword id="20010912" type="General" weightage="20" keywordseo="karthik" source="keywords">Karthik</keyword> is all set to call time on his Indian Premier League (IPL) career after the upcoming season, reported ESPNCricinfo. Karthik, who will turn 39 in June, will also soon make a call on his international future. The veteran started his IPL career with Delhi Daredevils (now Delhi Capitals) back in 2008 and is one of the seven players to have featured in every season of the league, along with MS Dhoni, Virat Kohli, Rohit Sharma, <keyword id="19953204" type="General" weightage="20" keywordseo="shikhar-dhawan" source="keywords">Shikhar Dhawan</keyword>, <keyword id="19976428" type="General" weightage="20" keywordseo="wriddhiman-saha" source="keywords">Wriddhiman Saha</keyword> and Manish Pandey. After his stint with Delhi Capitals till 2010, the right-handed batter had stints with Kings XI Punjab (now Punjab Kings, 2011), Mumbai Indians (2012-13), Delhi again in 2014, <keyword id="19920570" type="General" weightage="20" keywordseo="royal-challengers-bangalore" source="keywords">Royal Challengers Bangalore</keyword> (2015, 2022-present), Gujarat Lions (2016-17), Kolkata Knight Riders (2018-21). He won the 2013 IPL title with MI, which remains his only IPL title to this day. In 242 matches, Karthik has scored 4,516 runs at an average of 25.81 and a strike rate of over 132, with 20 fifties. His best score is 97*. He is the 10th-highest run-getter in league history. The previous season last year with RCB was extremely poor for Karthik, who scored 140 runs in 13 matches at an average of over just 11 with the best score of 30. It was in contrast with his 2022 season with RCB, in which he enjoyed immense success as a finisher/accelerator, scoring 330 runs in 16 matches at an average of 55.00, with a fifty and a strike rate of over 183. It was his performances in this season that earned him a call-up back into the Indian team and an inclusion in the Indian squad for the ICC T20 World Cup 2022 in Australia, where India finished as semifinalists after a ten-wicket loss to England. Karthik was underwhelming in the tournament and could not deliver as a finisher. Already a skipper for <keyword id="19896558" type="General" weightage="20" keywordseo="tamil-nadu" source="keywords">Tamil Nadu</keyword>, Karthik has also led Delhi in six matches and KKR in 37 matches between 2018-20, winning 21 matches, losing 21 and one match ended in a tie. After his current stint, fans could see Karthik in domestic cricket in India and as a commentator. He has already been working as a commentator since 2021. Karthik has represented India in 26 Tests, 94 ODIs and 60 T20Is, scoring 3,463 runs at an average of 27.70, with a century and 17 fifties. Royal Challengers will play the tournament opener against defending champions Chennai Super Kings on March 22 at Chepauk. (ANI)

Dinesh Karthik to call time on IPL career after 2024 season

<ul><li>Known for wearing his heart on his sleeves, Virat Kohli is always batting for sixes when it comes to marketing and brand endorsements.</li><li>As per Duff &amp; Phelps, a Kroll business, his brand value also remained steady at $237.7 million in 2020.</li><li>With the ongoing Indian Premier League, we talk to experts to find out what makes Royal Challenger Bangalore’s Captain Virat Kohli Indian brands favourite endorser.</li></ul>Virat Kohli, the flamboyant Indian skipper who enjoys a massive fan base across the globe, has not only emerged as one of the most gifted cricketers on the field, he is also India’s favourite brand endorser off the field. Known as the ‘run and the record machine,’ Kohli retained his top position for the fourth time in a row in Duff &amp; Phelps’ ranking with a brand value of $237.7 million in 2020. In the brandverse, he has beaten the Khans and left the whole Bollywood far behind in the last four years. He is the only sports celebrity on the top 10 list this year. Even during IPL commercial breaks, he is one of the most visible faces on television with more than 17 brands in his kitty. As per IPLomania, a syndicated study from Hansa Research, Kohli is one of the most highly-rated players in the IPL. His popularity across performance parameters, as well as image attributes, have already surpassed those of Dhoni who has unequivocally been the biggest star in the IPL over the years. India is a country that worships cricket. IPL brings a great opportunity for brands to connect with their consumers and it is during this extravaganza that celebrity endorsements see a spike on television. According to TAM Sports-IPL 13 Advertising Report, the total number of celebrities seen in ads during the IPL went up by 92% for the first four live matches, as compared to the 2019 edition. The demand for cricket celebrities is also increasing over the years. The report further stated that IPL 2020 witnessed 18 sports celebrities in ad films during the first four matches. In 2019, only four sports stars were seen during the same duration. Kohli was the second most visible celebrity during IPL season 13, contributing 16% to the ad volume. As per media reports, Kohli is also the highest-paid athlete and apart from cricket, he earns a majority of his net worth from brand endorsements. Duff &amp; Phelps and Hansa Research told us that Kohli is expected to earn around Rs 10-12 crore or $20 million per endorsement on an average. So, what makes Kohli so popular? N. Chandramouli, CEO, TRA Research said, “Virat Kohli has established his credentials with panache in his earlier cricketing innings and the seeds of his popularity lies in that. His records in today’s day of fast cricket are quite commendable too. Though he has among the lowest percentage wins as Captain of any league team, his personal performance has been extremely good and makes him desirable as a brand ambassador. The value of Virat is linked to RCB victories, but a cricket celebrity is no longer just limited to the game, and his versatility has been useful for him. While Virat has a few more cricketing years left, other talents like Devdutt Padikaal are emerging, and as we know NILF (Nothing In Life is Free), so as long as Virat continues to score in the game, he will score with the brands and fans.” “He has emerged as the primary choice of product brands to engage and attract consumers. Not only has Kohli amazed the audience with his professional laureates, his personal life has also always been in limelight. Be it his strict fitness regimen or his ‘family man’ image, many product brands have associated with Kohli to capitalize on the perception he has created over the years. Even though he may not perform at the top on the cricket field at times, he is still the most loved celebrity in the brand verse owing to the additional qualities and quirks he brings to the table, which resonates well with the product’s brand image,” said Aviral Jain, Managing Director, Duff &amp; Phelps. Kohli represents brands across categories, as mentioned below in Duff &amp; Phelps 2020 report. Some notable endorsements signed by Virat Kohli include Great Learning, iQOO, Iqoo Smartphones, Lafarge, Max Life Insurance and Vizecare. Additionally, he has been endorsing brands like Colgate, Google, Hero, Puma, Vicks, etc. He was also recently appointed as the brand ambassador by IPL’s title sponsor Vivo. Telling us what inspired the brand to choose Kohli amongst other IPL team captains, Nipun Marya, Director - Brand Strategy, vivo India said, “Cricket in India is not just a sport. It is an emotion that binds the nation together. Virat Kohli steers this passion for the sport well through his commitment and winning mentality. When it comes to making the real difference in a Cricket match, Virat is the undisputed king. His strong character on the field and captivating charm make him bring joy to millions of cricket fans worldwide, making Virat a perfect choice for vivo. The idea behind associating with a sports youth icon like Virat is to better connect with our consumers. With Virat Kohli's association, we aim to reach the millennials and technologically driven consumers, the key audience for us." Brand Endorser, another syndicated study by Hansa Research, validates Kohli’s celebrity status. A comparison of ‘Celebrity Scores’ across various parameters – Recognisability, Personality, Persuasiveness, and Likeability – puts Kohli in the same bracket as Amitabh Bachchan, Shahrukh Khan, Shahrukh Khan, and Mahendra Singh Dhoni, some of India’s most bankable celebrity endorsers. Comparing Kohli with other cricketers, V. Sudarshan, – CMO and SVP, Hansa Research said, “Virat Kohli is one of the most expressive cricketers, be on the ground or during interviews. Tendulkar was a Cricketing God for a nation that had hardly seen any sporting personalities as heroes that had a global reverence. Dhoni was a small town railway employee asserting himself by winning the world cup. Virat did neither, but has managed to become a modern role model for a new India that is unapologetically assertive and fiercely independent. In terms of performance on the field, both Tendulkar and Dhoni were superlative in their own right. This was a vital factor in their stardom and the resulting marketability. Virat has not only matched it but, arguably, gone even further in dominance. He could be one of the first batsmen to be a genuine master across all formats – Tests, ODIs, &amp; T20s. Virat’s consistency in performance, and resonance with the youth could be seen as the key ingredients that make him such a sought after sports celebrity in India.” Sudarshan also told us that Kohli earns massive amounts of money via endorsements of brands like Puma, Audi, MRF, Colgate-Palmolive, Tissot and has done shoots for many personal care companies as well. MRF signed Kohli in 2015 for a three-year period, where he reportedly received ₹8 Crore per year. <cmsannotation type="cmsannotation" annotationid="Kohli’s charm on social media" text="Kohli’s charm on social media">Kohli’s charm on social media</cmsannotation> Kohli’s social media following also increased by 46.3% from 112.8 million in 2019 to 165.0 million in 2020, revealed Duff &amp; Phelps. He has been engaging with his fans frequently through live sessions, posts, reels, etc. Here’s how his Social Media following has grown across Facebook, Twitter and Instagram over the last 3 years. “This massive social media following adds to the potential consumer base for the associated brands, especially during the lockdown when most of the brands had little to no access to the traditional channels of advertisement. As per data from Hyper Auditor, his quality audience has increased by 66.6 percent from 41.9 Mn in 2019 to 69.8 Mn in 2020. Moreover, Kohli has been engaging with his fans frequently through live sessions, posts, reels, etc. His engagement per post also increased from 2.2 percent in 2019 to 2.8 percent in 2020,” said Jain. <cmsannotation type="cmsannotation" annotationid="Will RCB’s performance impact Kohli’s brand image?" text="Will RCB’s performance impact Kohli’s brand image?">Will RCB’s performance impact Kohli’s brand image?</cmsannotation> Kohli’s IPL team, RCB’s brand value declined by 9.9% in 2020. Considering that brands chase numbers and eyeballs, will this decline in the team's value impact Kohli’s net worth this year? Jain explained, “RCB’s value decreased largely due to the impact of pandemic last year. While RCB’s value declined last year, its value may have been further impacted had RCB not leveraged heavily on Brand Kohli. A large portion of RCB’s ability to generate sponsor interests (even after below average on-field performances) is due to their association with Virat Kohli. Virat has been signed as brand ambassador of many brands since cricket has mass appeal, and fans worship him for his expertise, consistent performance and excellence in all three formats of cricket. However, his following is dependent on a lot of factors besides his professional excellence. Thus, while we agree that brands chase numbers, Virat’s brand value may not be materially impacted by the decrease in RCB’s value. Kohli’s brand image, relatability and followership continue to remain strong and we expect the same trend going forward.” Sudarshan also said that Virat Kohli’s popularity is not dependent on RCB. In fact, it’s the other way around. “RCB has been able to sustain its popularity (despite an indifferent IPL performance) because of Virat Kohli. Players like Virat Kohli and Dhoni are not dependent on the IPL to enhance their earning potential. Rather, it is the IPL that becomes a more marketable property for brand, because of the presence of such players in the league,” he added. While only time will tell whether Kohli’s RCB will bring back home ‘team of the year’ title, he will continue to be the favourite celebrity in the brandverse.

What makes Virat Kohli the most loved brand ambassador during IPL

<ul><li><keyword id="12648502" type="General" weightage="20" keywordseo="ipl-2023" source="Orion">IPL 2023</keyword> is expected to boost the revenue of fantasy sports companies to ₹2,900-3,100 crore. </li><li>Growth in fantasy <keyword id="17051681" type="General" weightage="20" keywordseo="sports-platforms" source="Orion">sports platforms</keyword> will be driven by increasing adoption in tier-2 cities.</li><li>Tier-2 and beyond cities account for over 80% of the user base.</li></ul> Fantasy sports companies like Dream11, My11Circle, MPL are set to receive a huge boost due to the ongoing Indian Premier League (<keyword id="6354312" type="General" weightage="20" keywordseo="ipl" source="Orion">IPL</keyword>) 2023. These companies are expected to earn a gross gaming revenue of ₹2,900-3,100 crore in 2023. According to a report by Redseer Strategy Consultants, the fantasy sports market has grown due to increased awareness of fantasy sports among people and increased marketing efforts by new companies. The gross gaming revenue of fantasy sports companies is expected to increase by 30 to 35%, taking it to ₹2,900-3,100 crore during 2023. The report predicts that the average revenue per user (ARPU) will increase from ₹410 during IPL 2022 to ₹440 per user during IPL 2023. In 2022, fantasy sports companies earned a gross gaming revenue of ₹2,260 crore, up from ₹1,460 crore in 2021, registering a growth of 55%. In 2022, IPL recorded a viewership of 400 million TV viewers. In 2022, 50% of the transacting users were from tier-2 cities and 31% from tier-3 and beyond cities. Metro cities and tier-1 cities contributed just 8% and 11%, respectively. <cmsannotation type="cmsannotation" annotationid="Tier-2 cities to drive growth" comment="subhead" text="Tier-2 cities to drive growth">Tier-2 cities to drive growth</cmsannotation> According to Ujjwal Chaudhry, the growth in the fantasy sports segment will be driven by increased adoption in tier-2 cities across the country and the cross-migration of users from other games. Increasing internet penetration in tier-2 and beyond cities is also expected to provide a push to the industry. Over 80% of users reportedly come from tier-2 and beyond cities. “Steep growth in fantasy sports gaming will come from tier 2 cities driven by increasing adoption of fantasy platforms and cross-migration of users from other games. Increased internet accessibility will give a push to the IPL economy,” said Chaudhry, partner, Redseer Strategy Consultants. <cmsannotation type="cmsannotation" annotationid="Government’s regulations to boost transacting users" comment="subhead" text="Government’s regulations to boost transacting users">Government’s regulations to boost transacting users</cmsannotation> The Indian government’s decision to formulate rules and regulations for Goods and Service Tax (GST) on real money gaming (RMG) platforms and Google allowing fantasy sports platforms on its Play Store will also help in increasing transactions during IPL 2023. “There has been an increase in efforts to make platforms more secure and reliable for the users. Measures like RNG certification, secure payment gateways, and fraud security, increase user trust in the platforms, and subsequently build confidence in the users to spend higher amounts on gaming,” said Saurav Kumar Chachan, director, Redseer Strategy Consultants. <cmsannotation type="cmsannotation" annotationid="Prizes like Audi cars and Mahindra Thar push users to spend more" comment="subhead" text="Prizes like Audi cars and Mahindra Thar push users to spend more">Prizes like Audi cars and Mahindra Thar push users to spend more</cmsannotation> In 2022, Dream11, a popular fantasy sports platform, offered its users rewards such as Audi cars during IPL 2022, and My11Circle, another fantasy sports platform, offered the Mahindra Thar as a reward during the 2022 World Cup. These rewards pushed users to deposit and spend more money to win these prizes. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/ashneer-grovers-new-startup-crickpe-is-a-fantasy-sports-app-that-will-also-reward-cricketers/articleshow/98964195.cms">Ashneer Grover's new startup CrickPe is a fantasy sports app that will also reward cricketers</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-check-tds-dividend-income-and-income-tax-refund-using-the-ais-for-taxpayers-app/articleshow/99025288.cms">How to check TDS, dividend income, and income tax refund using the AIS for Taxpayers app</a> <a href="https://www.businessinsider.in/tech/mobile/news/three-out-of-four-premium-smartphones-sold-in-2022-were-an-iphone/articleshow/98855033.cms">Three out of four premium smartphones sold in 2022 were an iPhone</a>

IPL 2023 to drive fantasy sports companies to ₹2,900-3,100 crore revenue, fueled by Tier-2 cities and exciting prizes

<ul><li>JioCinema will offer free 4K streaming of the Indian Premier League matches.</li><li>The platform will offer multiple camera angles, match statistics, and multi-language support.</li><li>Viacom18 had acquired exclusive digital rights for <keyword id="6354312" type="General" weightage="100" keywordseo="ipl" source="Orion">IPL</keyword> for $2.7 billion.</li></ul> <keyword id="3820" type="General" weightage="20" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>’s Viacom18 won the exclusive<a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-viacom18-bags-digital-rights-of-ipl-while-star-grabs-tv-rights/articleshow/92181172.cms"> digital rights</a> for the Indian Premier League (IPL), one of the world’s most-watched sporting events for the 2023-2027 cycle by paying a whopping $2.7 billion, and recently announced that the IPL matches will be streamed on the company’s JioCinema. Earlier, Disney+ Hotstar had the rights to stream IPL matches, and it was one of the selling points of the platform, which it advertised heavily to gain subscribers. JioCinema is taking a different path and is expected to offer free streaming to its users, meaning users will not have to pay to watch IPL matches. The <keyword id="12648502" type="General" weightage="20" keywordseo="ipl-2023" source="Orion">IPL 2023</keyword> edition is scheduled to begin on March 31, as Chennai Super Kings take on the Gujarat Titans. <cmsannotation type="cmsannotation" annotationid="JioCinema to offer free 4K streaming" comment="subhead" text="JioCinema to offer free 4K streaming">JioCinema to offer free 4K streaming</cmsannotation> JioCinema is not only going to offer content for free, but the company is also expected to offer an enhanced experience by offering 4K streaming at 60 FPS, compared to 1080p content offered by Disney+ Hotstar. Users will be able to switch between different camera angles. The company will also offer real-time match statistics such as wagon wheels, pitch heat maps, etc. Viewers can select from 12 languages, including Hindi, English, Telugu, Tamil, Gujarati, and more. The commentary, score, and statistics will all be shown in the selected language. <cmsannotation type="cmsannotation" annotationid="Initial focus on advertisements" comment="subhead" text="Initial focus on advertisements">Initial focus on advertisements</cmsannotation> According to a<a href="https://economictimes.indiatimes.com/industry/media/entertainment/media/mukesh-ambani-to-stream-ipl-for-free-after-paying-2-7-billion/articleshow/98141101.cms"> report</a> by Economic Times, JioCinema intends to offer the matches to as many people as possible with an intention to earn revenue from advertisements. The company’s executives have estimated that over 550 million viewers will watch the IPL, which will go on for nearly eight weeks. “We believe the IPL moving away from paid content is a potential threat to TV advertising in the medium term. It would be difficult for Viacom18-Jio Cinema to recover even 50% of its content acquisition cost via the digital route, if content is free at least in the near term. However, in the medium to long term, change in consumption habits and growing Smart TV penetration would lead to digital ad revenue moving closer to TV advertising, if IPL content remains free of charge,” Elara Capital said in a report. <cmsannotation type="cmsannotation" annotationid="JioCinema reportedly partners with 3 lakh housing societies" comment="subhead" text="JioCinema reportedly partners with 3 lakh housing societies">JioCinema reportedly partners with 3 lakh housing societies</cmsannotation> According to a<a href="https://www.exchange4media.com/ipl-news/ipl-jiocinema-to-reach-linear-tvs-live-stream-at-3l-housing-societies-10k-colleges-125490.html"> report</a> by e4m, as part of its strategy to reach viewers, JioCinema has partnered with 3 lakh housing societies in metro cities, 25,000 restaurants, and 10,000 colleges across the country that use JioFiber broadband to stream IPL matches. “While many of them already have big screens, at some places, we would put up our screens,” a Viacom18 official told e4m. Jio will take on existing giants such as Disney+ Hotstar and <keyword id="758541" type="General" weightage="20" keywordseo="amazon-prime" source="Orion">Amazon Prime</keyword>, which offer cricket streaming for different matches. SEE ALSO: <a href="https://www.businessinsider.in/tech/gadgets/news/four-out-of-five-wireless-earbuds-sold-in-india-in-2022-were-from-an-indian-company/articleshow/98141414.cms">Four out of five wireless earbuds sold in India in 2022 were from an Indian company</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-compare-your-tax-liability-in-old-and-new-tax-regimes/articleshow/98116217.cms">How to compare your tax liability in old and new tax regimes</a> <a href="https://www.businessinsider.in/finance/news/how-to-use-credit-card-to-make-upi-payments/articleshow/98090488.cms">How to use credit card to make UPI payments</a>

Mukesh Ambani’s JioCinema to take on Disney+ Hotstar, and Amazon Prime with free 4K IPL streaming

<ul><li><keyword id="6214644" type="General" weightage="20" keywordseo="dream11" source="Orion">Dream11</keyword> reported an operational revenue of ₹2,070 crore in FY20, compared to ₹356.5 crore reported by <keyword id="13886" type="General" weightage="20" keywordseo="chennai-super-kings" source="Orion">Chennai Super Kings</keyword>.</li><li>Dream11 allows gamers to create a team of real players for an upcoming match and compete with other fans for cash rewards.</li><li>Assam, Odisha, Telangana, Nagaland, Sikkim and Andhra Pradesh have banned real-money games.</li></ul>Even as the government of India is running after the country’s fantasy gaming segment to bring it under stricter regulations, Dream11 has crossed the revenue of many cricket teams of the Indian Premier League (IPL). The fantasy gaming company Dream11, which allows gamers to create a team of real players for an upcoming match and compete with other fans for cash rewards, recorded an operational revenue of <a href="https://entrackr.com/2021/09/dream11-revenue-crosses-rs-2000-cr-in-fy20-with-rs-181-cr-in-profits/">₹2,070 crore</a> in the financial year 2020 that ended in March last year. The Mumbai-based gaming firm is also <a href="https://www.businessinsider.in/business/startups/news/dream11-parent-company-looking-for-an-ipo-in-the-us/articleshow/82139123.cms">looking </a>to go for an initial public offering (IPO) in the United States (US). This is over five times bigger than Chennai Super Kings’ revenue of <a href="https://www.moneycontrol.com/news/business/companies/chennai-super-kings-fy21-profit-slips-20-yoy-to-rs-40-26-crore-7388721.html">₹356.53 crore</a> of FY2020. Chennai Super Kings has won three IPL trophies in the last 13 years, and has been a first runner-up five times. It also stands at the first position in the ongoing IPL 2021 series. The Mahendra Singh Dhoni-led cricket team reported a revenue of ₹253.69 crore in the financial year 2021. Dream11’s financial statement for FY21 is not yet publicly available. Dream11 claims to have crossed 110 million users in the last one year. The company also achieved over 5.3 million user concurrency in October 2020 during IPL 2020. What does Dream11 do? If India and Pakistan cricket teams are set to compete, users will select their preferred team of real players. The gamer will earn points based on the players’ performance in the real-life match. The prize includes cash rewards. ALSO WATCH: Dream11, lists out five questions startups should ask themselves before they go global <div type="Youtube" id="sPpWIpCYbN0" title="Dream11, lists out five questions startups should ask themselves before they go global" thumbUrl="https://i.ytimg.com/vi/sPpWIpCYbN0/mqdefault.jpg"></div> While the cricketers are competing on the field, the gamer just has to estimate which players are more likely to score in the sporting event. Not just cricket, Dream11 also offers football, basketball, hockey, kabbadi and more. Dream11 was founded by Harsh Jain and Bhavit Sheth about 13 years ago. The company claims to have over 100 million users registered on its platform, even though the <keyword id="12142668" type="General" weightage="20" keywordseo="dream11-app" source="Orion">Dream11 app</keyword> is not present on Google Play store due to the app store’s policies that prohibit real-money games. States like Tamil Nadu and Karnataka are considering a ban on real money gaming, saying that it’s a digital form of betting. Assam, Odisha, Telangana, Nagaland, Sikkim and Andhra Pradesh have also banned the industry altogether. However, the Supreme Court has <a href="https://m.economictimes.com/tech/startups/supreme-court-upholds-dream11-fantasy-sports-format-as-game-of-skill/articleshow/85040855.cms">decided </a>in favour of the fantasy gaming industry, calling them skill gaming instead of gambling. <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[ ]]></cdata></div> SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/salesforce-ventures-backs-indian-payments-giant-razorpay-as-it-looks-to-expand-further-outside-india/articleshow/86388953.cms">Salesforce Ventures backs Indian payments giant RazorPay as it looks to expand further outside India</a> <a href="https://www.businessinsider.in/stock-market/news/sbi-cards-adani-ports-hcl-tech-and-other-top-stocks-to-watch-out-for-on-september-21/articleshow/86386406.cms">SBI Cards, Adani Ports, HCL Tech and other top stocks to watch out for on September 21</a> <a href="https://www.businessinsider.in/stock-market/news/collapse-of-evergrande-may-haunt-tata-steel-jspl-nalco-and-other-metal-stocks/articleshow/86387294.cms">The collapse of Evergrande, one of China’s largest home developers, is “not a Lehman moment” but the fear may haunt steel and metal stocks in India</a>

Online fantasy gaming startup earns almost five times Dhoni's Chennai Super Kings

<ul><li>Cricket accounts for 85% of total spends, as other emerging sports continue to be small in comparison. Prime reason for the rise in cricket endorsements was higher number of matches and addition of new teams. </li><li>Sports celebrity endorsements too rose by a hefty 20% in 2022 to ₹749 crore. Interestingly, while cricket accounted for ₹640 crore in 2022 and grew by 18%, endorsements from other emerging sports rose by 30% to ₹14 crore. </li><li>Advertising spends by brands on television accounted for 73% of all sporting spends at ₹5,506 crore in 2022, clocking a modest growth of 9%.</li></ul>There’s no business like the ‘show business,’ they say, but the world of sports is not far behind when it comes to the mega bucks. Two years after the pandemic, the business of sports has made a remarkable comeback with sports sponsorship spends growing by a whopping 49% year-on-year to ₹14,209 crore ($1,799 million). Prior to the pandemic this figure was a tad below ₹10,000 crore. No prizes for guessing that the hero of this business is cherry and timber – cricket, which still accounts for 85% of all <keyword id="3312351" type="General" weightage="100" keywordseo="Sports-sponsorships" source="Orion">sports sponsorships</keyword>. GroupM, which released the 10th edition of the Sporting Nation Report 2023, a report on sports sponsorship in India, says that the Indian sports industry witnessed a significant growth in 2022. The overall increase in spends was due to higher number of IPL matches, the addition of two new IPL teams, the ICC T20 World Cup, Asia Cup, FIFA World Cup, and the return of emerging sports events and tournaments like PKL, marathons, Maharashtra Open and the Commonwealth Games 2022. Sports celebrity endorsements too rose by a hefty 20% in 2022 to Rs 749 crore. Interestingly, while cricket accounted for ₹640 crore in 2022 and grew by 18%, endorsements from other emerging sports rose by 30% to ₹14 crore. Prasanth Kumar, CEO - GroupM South Asia said, “The Indian sports ecosystem is experiencing a revolutionary transformation, with athletes becoming influential role models for the youth and sports sponsorships gathering immense momentum. In this scenario, brands hold tremendous potential to tap into the passion and loyalty of Indian sports fans. Despite facing unprecedented pandemic challenges, the exceptional performance of the sports industry in 2022 reflects its resilience and unwavering commitment. As we move forward, technology will play an increasingly pivotal role in content management and fan engagement, while opening new and exciting opportunities in sports. Live sports will continue to be highly coveted as monetizable properties, making it a promising sector for investment." The highlight of the report is the unprecedented growth in sports sponsorship in India, with total spends rising by 105% to Rs 5907 crore from 2021. These include spends on-ground, team and franchise. With the penetration of OTT in India, brands are likely to approach spending on sporting events differently. Clearly, the returns on sports advertising are much higher for brands given the high engagement levels. Not surprising then that sports industry spends have grown at a 14% CAGR over the last decade. <cmsannotation type="cmsannotation" annotationid="Television Vs OTT" comment="subhead2" text="Television Vs OTT">Television Vs OTT</cmsannotation> Appointment viewing is dead when it comes to entertainment. But when it comes to sports, television sponsorships continue to dominate, even if the year-on-year growth rate is in single digits. According to GroupM’s report on sports sponsorships, television was the most effective medium for brands as it gives their campaigns more depth at optimal budgets. But digital is the new kid in town. Advertising spends by brands on television accounted for 73% of all sporting spends at ₹5,506 crore in 2022, clocking a modest growth of 9%. No prizes for guessing that digital stands tall. Digital ad spends are fast catching up in sports as well, with YoY growth in digital ad spends on sports rising by 112% to Rs 2045 crore. It contributed to 27% of all media spends in 2022, against 16% just a year ago. While the confluence of cricket and TV is the sweet spot for marketing behemoths, GroupM says that it has observed a greater propensity in advertisers to experiment with involvement in online streaming of Emerging Sports where they can operate with lower ticket sizes. The report says: “If we look at cricket’s contribution across types of media, we can see that it accounts for 95% on TV, and 90% on Digital Medium! In view of the evolving consumer preferences, and the onrush of tech-driven shifts, we can expect OTT to drive a digital groundswell in sports media advertising sooner than later.” Television may be the big boy of ad spends right now, with a significantly higher share of revenues, but this is most certainly likely to change. Consumers will seek the convenience of watching their favourtite sporting events when they want and where they want. With the market share of Smart TVs set to rise fast, GroupM expects more consumers to watch live sports on a connected television set in the future. The report says: “Consumers seek convenience, and the benefits of OTT should, in due course of time, start working against the inertia of change as well. In the case of live sports, appointment viewing works very well, for we need to watch it when it is being played, and this would make these properties even more valuable.” While this consumer shift is happening on one hand, the digital medium also offers advertiser benefits. With greater control over user statistics, advertisers on sports programmes on OTT medium can target certain segments of consumers, like people watching from specific markets, or fans who are using a particular device type (like a TV instead of a mobile), using a host of criteria which can be relevant and has the potential to add to the sharpness of the profile of the audience that will be exposed to the communication. For these reasons, GroupM expects the revenue gap between the digital medium and TV to reduce in the long run. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tcs-infosys-hcl-tech-amongst-top-picks-of-analysts-heading-into-the-q4-earnings-season/articleshow/99235686.cms">TCS, Infosys, HCL Tech amongst top picks of analysts heading into the Q4 earnings season</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/after-21-growth-in-fy23-auto-sales-to-hit-slow-lane-in-fy24-fada/articleshow/99235136.cms">After 21% growth in FY23, auto sales to hit slow lane in FY24: FADA</a>

You Searched For "IPL earnings" and got 13 results

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