Author: Akancha Mishra

According to the 2024 IPL Brand Valuation Study by American investment bank Houlihan Lokey, the Indian Premier League’s (IPL) business value has increased by 6.5% year-on-year to US$ 16.4 billion, while its stand-alone brand value has risen by 6.3% to US$ 3.4 billion. This growth can be attributed to a US$ 6 billion media rights deal with Disney Star and Viacom18 in 2022 and a US$ 300 million title sponsorship deal with Tata Sons in 2023. Harsh Talikoti, Senior Vice President of Corporate Valuation Advisory Services at Houlihan Lokey, noted that the IPL has solidified its position as a premier…

US President Joe Biden and Prime Minister Narendra Modi are scheduled to meet at the G7 Summit in Italy, as confirmed by the White House on Wednesday. National Security Advisor Jake Sullivan highlighted their recent conversation where Biden congratulated Modi on his reelection for a third term as Prime Minister. During a press briefing, Sullivan mentioned, “President Biden spoke with President Modi by phone while we were in Paris to congratulate him on the election outcome and his third term as Prime Minister.” He expressed expectation that Modi would attend the summit, pending formal confirmation from India, indicating an anticipated…

Panneer Selvam, a professor of civil engineering at the University of Arkansas, has achieved the distinction of being named a Fellow of the Engineering Mechanics Institute (EMI). This esteemed honor is given to individuals who have made noteworthy contributions to engineering mechanics and have shown exceptional leadership in the field, as highlighted in a press release by the Engineering Mechanics Institute. Selvam, who has been a part of the University of Arkansas faculty since 1986, is recognized for his pioneering work in computational mechanics, wind engineering, and structural dynamics. His university profile underscores his reputation as a leading expert in…

Renowned spiritual leader Rajinder Singh will host an event in Toronto to spread joy, impart spiritual wisdom, and foster community connections. This anticipated gathering offers residents of Toronto and the Greater Toronto Area (GTA) a chance to directly experience his transformative teachings. Scheduled for June 29 and 30, the event includes an English public talk on ‘Meditate to Experience Spiritual Love’ and a Hindi public talk with English translation focusing on meditation techniques. Both sessions will be held at the Delta Hotels Toronto Airport. Participants can anticipate spiritual enlightenment and learn a simple yet potent meditation method suitable for people…

The Association of Indians in America (AIA) NY chapter hosted its Annual Gala led by Dr. Jagdish K. Gupta, aiming to raise funds for the 37th Deepavali Fest and the ‘AIA-Educational Project.’ The Gala gathered 200 community members, including past presidents and Advisory Board of Trustees members, on June 2, 2024, at Leonard’s Palazzo Exquisite Banquet Hall. Honorable Senate Majority Leader Chuck Schumer graced the event as Chief Guest of Honor, lauding India-US ties and recognizing Indian contributions to education and healthcare. New York State Assemblyman David Weprin, an esteemed guest, highlighted his support for the Indian community and cultural…

JPMorgan Chase (JPM.N) taps former PayPal executive Sri Shivananda as its latest CTO, with a focus on maximizing its $17 billion technology budget. Shivananda, set to begin later this month, replaces A.J. Lang, who is retiring. He will report to Lori Beer, the bank’s global chief information officer (CIO), who is also a member of the operating committee. Beer stated that Shivananda’s history of business growth and innovation positions him well to address JPMorgan’s complex technological challenges. Additionally, Beer recently brought in two senior leaders from Amazon: Manoj Sindhwani as CIO for the chief data and analytics office in April,…

In accordance with India’s enduring commitment to its ‘Neighbourhood First’ policy and the ‘SAGAR’ vision, leaders from neighboring nations and the Indian Ocean region have been invited as distinguished guests to Prime Minister Narendra Modi’s swearing-in ceremony on Sunday. These dignitaries include heads of state from Sri Lanka, Maldives, Bangladesh, Mauritius, Nepal, and Bhutan. The Ministry of External Affairs (MEA) announced that they have all accepted the invitations. The ceremony, scheduled for June 9, 2024, follows the General Elections 2024. The MEA highlighted the event’s significance, stating it underscores India’s priority to its ‘Neighbourhood First’ policy and ‘SAGAR’ vision. In…

The USA pulled off a monumental upset in the T20 World Cup with a thrilling Super Over victory against Pakistan in Texas. The match extended to a Super Over after both teams scored 159 runs in their allotted 20 overs at Grand Prairie Stadium. Co-hosts and debutants USA managed to tie Pakistan’s score by scoring 14 runs in the final over. In the Super Over, the USA batted first and set a tough target by scoring 18 for one. Aaron Jones added 11 runs before getting run out, with an additional seven runs from extras. Pakistan’s Iftikhar Ahmed managed five…

US President Joe Biden extends congratulations to Indian Prime Minister Narendra Modi and his National Democratic Alliance (NDA) for their election victory, securing 293 seats in the 543-member parliament, enough to form a government. Biden, in a post on X (formerly Twitter), underscores the growing friendship between the two nations and their shared future potential. Meanwhile, British Prime Minister Rishi Sunak conveys his congratulations to Modi during a telephone call, wishing him success for his third term. Sunak emphasizes the strong friendship between the UK and India, expressing optimism about its continued prosperity under Modi’s leadership. French President Emmanuel Macron…

Credit rating agency ICRA has recently revised its forecast for steel demand growth in the current fiscal year, increasing its estimate to 9-10%. This upward revision reflects the strong performance of the sector in recent months, with domestic steel consumption registering a growth of 11.3% between February and April 2024. According to ICRA, the steel industry has experienced its fastest growth in three years, driven by robust government capital expenditure and strong demand from other sectors such as housing and real estate. The agency’s report highlights that the steel industry has seen significant growth in recent years, with a consumption…