Report Wire

Category: Sports

  • Rupee Depreciates To Fresh Low, Leaning Towards 84 Over Global Market Concern | Economy News

    The Indian rupee depreciated versus the US dollar on Monday to touch its all-time low, tracking global heavy selling in stock markets, over risks that the US may potentially slip into recession. At 12.18 pm, at the time of filing this report, the Rupee traded at 83.85 versus Friday’s closing of 83.75. It opened at 83.78, surpassing the previous lifetime low of 83.7525 from Friday. Analysts say that the Rupee’s fall is in line with the weakness in the global market, US recession fears, and add to it geopolitical tensions.

    “US recession concerns led to worries about foreign outflows from India and emerging markets,” said Mumbai-based Ajay Kedia of financial services firm Kedia Advisory. “The fall is attributed to concerns over a potential US recession, which has spurred worries about foreign outflows from India and other emerging markets. The selloff in US and Asian equities, following a disappointing US jobs report, has intensified these concerns, causing significant market jitters,” Kedia said in a report.

    The weak US jobs report released on Friday showed that the economy added only 114,000 jobs in July, significantly below market expectations of a 175,000 increase. Additionally, the unemployment rate unexpectedly jumped to a high of 4.3 per cent, and wage growth slowed more than anticipated.

    Kedia said the Reserve Bank of India might allow USD/INR to move higher to 83.90. He sees support at 83.45, and resistance at 83.95; and breaking 83.95 could push it to 84.10/84.20. Jamal Mecklai, a veteran in the financial market, said, “US recession fears, equity market collapse would create a risk-off sentiment. Equity decline could be quite serious and could last for a long time. So the rupee will naturally take some pressure. .”

    In 2022-23, the Indian Rupee was in the news cycle for a considerable part, though not for good reasons. Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure.

    Since then, the rupee has been off the news cycle, as it traded largely steady months thereafter. In 2022, the Rupee depreciated over 11 per cent on a cumulative basis, data showed. It breached the 83-mark against the US dollar in mid-October, to hit an all-time low.

    RBI’s possible intervention in the forex market to stabilize the rupee seemed to have yielded results. Typically, the RBI from time to time intervenes in the markets through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.

    The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band.

  • Neeraj Chopra Paris Olympics 2024 Schedule: When, Where And How To Watch Javelin Throw Match Live On TV, Mobile Apps, Online | Other

    India’s performance at the Paris Olympics 2024 has been less than stellar thus far, with the nation securing only three bronze medals and currently occupying the 54th spot in the medal standings. As the competition intensifies, all eyes are now on Neeraj Chopra, the reigning Olympic champion in the javelin throw. Neeraj’s remarkable gold medal win at the Tokyo Olympics has cemented his status as a national hero, and expectations are sky-high for him to replicate that success in Paris.

    Originating from a small village in Haryana, Neeraj Chopra discovered his passion for javelin throwing at a young age. His innate talent quickly became evident, and through relentless dedication and hard work, he ascended to become one of the world’s leading athletes. His historic gold medal at the Tokyo Olympics was a moment of immense pride and joy for India, and his journey has inspired countless young athletes across the nation.

    As Neeraj prepares to compete in Paris, the weight of national hopes rests heavily on his shoulders. He is acutely aware of the expectations placed upon him by the 1.4 billion people who cheer him on. Despite the pressure, Neeraj remains focused and resolute. His preparation has been intense, with rigorous training ensuring that he is in peak condition for the competition. The javelin throw event will be a significant challenge, with a host of skilled competitors vying for the top spot. However, Neeraj’s technique, strength, and mental resilience have consistently proven to be his greatest assets.

    When will Neeraj Chopra participate at Paris Olympics?

    Neeraj Chopra’s javelin throw event at the Paris Olympics is scheduled for August 6. The qualification rounds will commence with Group A at 1:50 pm, followed by Group B at 3:20 pm (local time). If Neeraj advances past the qualification round, he will compete in the final, set to begin at 11:55 pm Indian Standard Time (IST) on August 8.

    Where to watch Neeraj Chopra’s event at Paris Olympics?


    For those eager to follow Neeraj’s performance, the Paris Olympics 2024 is being broadcast live across multiple channels of the Sports18 Network in India. Sports18 1 and Sports18 1 HD will cover the event in English, with additional Tamil and Telugu broadcasts available. Sports18 Khel and Sports18 2 will provide coverage in Hindi. This comprehensive coverage will ensure that viewers can follow Neeraj Chopra’s progress live and in high definition.

    Where to live stream Neeraj Chopra’s event at Paris Olympics?


    For online streaming, fans can watch the Paris Olympics 2024 live on the JioCinema app and website, which offers free access to the games. This option provides a convenient way for viewers to watch Neeraj Chopra’s event from anywhere, ensuring that fans can stay connected to the action and support their hero as he aims to bring home another gold medal for India.

  • Zomato collected Rs 83 crore in platform fee from customers till March: Details here | Companies News

    New Delhi: Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company’s annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato’s Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24.

    “Adjusted Revenue as a percentage of GOV (gross order value), continued to increase primarily due to increase in restaurant commission take-rates, improvement in ad monetization and introduction of platform fee from Q2FY24 onwards,” the report stated.

    All of these factors more than compensated for the reduction in customer delivery charge per order due to the free delivery benefit available on Gold orders, it added. Interestingly, most late night orders in the last fiscal year came from Delhi NCR, while most breakfast orders came from Bengaluru, Zomato shared in the report.

    The food delivery aggregator began levying platform fee at Rs 2 per order last August, which has gradually been increased to Rs 6 now in key markets. Its main rival Swiggy also charges platform fee on its orders. The introduction and increase in platform fee is seen as one of the means to increase profitability by food delivery aggregators.

  • Paris Olympics 2024: Tennis star Novak Djokovic creates history, becomes the oldest Olympic gold medalist

    Paris Olympics 2024: Veteran tennis player Novak Djokovic defeated Spanish player Carlos Alcaraz in a tough match and won the first Olympic gold medal of his career. At the same time, 37-year-old Djokovic has become the oldest tennis gold medalist in Olympic history. Alcaraz, who won Wimbledon, had to settle for a silver medal in his first Olympics.

    Novak Djokovic has won 24 Grand Slams but he did not have an Olympic gold before the Paris Games. He fought hard to win against Carlos Alcaraz of Spain. The match between Novak and Alcaraz was very tough. Both the players could not break the service. Both the sets went to tiebreak. Djokovic defeated Alcaraz in straight sets 7-6 (7-3), 7-6 (7-2) in the final of the Paris Olympics.

    Djokovic lost his last three Olympic semi-finals. Djokovic was defeated in the Olympic semi-finals by Rafael Nadal in Beijing (2008), Andy Murray in London (2012), and Alexander Zverev in Tokyo (2021). He won bronze at the 2008 Olympics.

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  • How Is Jio TV Streaming Cricket On Its OTT Platform Without Permission? Cable Operators Write To TRAI | Companies News

    The All Local Cable Operators Association Delhi (ALCOA India) has raised objections to Jio TV broadcasting India-Sri Lanka ODI and T20 matches on its OTT platform without the necessary permissions. The association has labeled this action as illegal and has called on the government to take corrective measures. In a letter addressed to the Chairman of TRAI, ALCOA India’s President, Narendra Bagdi, has sought resolution for these grievances.

    In the letter, the association stated, “We All Local Cable Operator Association Delhi (ALCOA INDIA) are representative body of Local Cable Operators (LCOs / LMOs). This is to bring to your kind attention that how JIO TV is providing Linear & Live content (which is regularised by TRAI) on its OTT Platform and due to this the Cable TV Industry of INDIA is suffering very huge losses in terms of business and jobs.”

    The letter further detailed that according to data from the Broadcast Audience Research Council, the number of television households in India increased from 197 million in 2018 to 210 million in 2020. However, those using cable television services dropped from 120 million to 90 million during the same period, and this number continues to decline.

    Questioning the broadcasters, the association asked, “How are they providing linear content on OTT platform. We have raised this issue with TRAI & MIB many times earlier also but there straight reply is that OTT is not regularised. But we are not much educated and aware of the cable act as they (TRAI & MIB) are. The solution is that, all the content on Linear TV is running after getting UP linking & Down linking permissions from. MIB under cable act 1995. All this process is regulated by TRAI and approved by MIB now they can simply pass an order/regulation in which they can warn all the broadcasters {who are providing Linear content} to stop providing Linear Content (Which is. regulated under Cable Act 1995) to OTT platforms.”

    The association emphasized, that according to the uplinking and downlinking permissions granted by the Indian government, broadcasters are authorized to provide linear content only to MSOs, HITS, DTH players, and IPTV through their IRD channels. Providing linear content to OTT platforms is illegal.

    Expressing frustration over the lack of action, the association questioned, “Why is TRAI not taking action against this illegal practice that is destroying the Indian cable TV industry? For the India vs Sri Lanka series, cable TV operators pay ?19 + GST ​​for Ten Sports’ live content, while Jio TV offers it for free, leading to unfair competition that could devastate the industry.”

    The letter also addressed the unauthorized provision of linear live content for the India vs Sri Lanka series, asking if it was being done through IRD or another route. The association hopes TRAI officials can obtain this information from the broadcaster and provide a response.

    The letter highlighted that Star India Pvt. Ltd. streams linear content on its OTT platform Disney+ Hotstar, as well as on channels like Star Plus and Star Sports. Similarly, Indiacast provides linear content on Colors TV and MTV while also streaming it on Jio TV, which is not legal.

    Warning about the dangers of unregulated content, the association wrote, “The unregulated content have the negative social impact on society as all type of content are flowing freely through these OTT platforms without any check. Further the presence of all the major channels without any extra cost is luring the subscribers of cable TV especially house wives, students and young generations who are considering it as reasonable/better option than continuing with cable television. It may be noted that the major/big OTT platforms are in house. products of the Broadcasters where the content of the linear channels are being shown even before the content being telecasted on the linear TV.”

    The association also noted that many broadcasters have their own OTT platforms, where they show linear content even before it airs on linear TV. They referenced a previous complaint from April 13, 2023, about the illegal streaming of Tata IPL on Jio Cinema, which received no response from TRAI, MIB, or CCI.

  • Paris Olympics 2024: Lakshya Sen Vs Viktor Axelsen; All You Need To Know About Semifinal | Other

    On August 2, Lakshya Sen made history by becoming the first Indian male shuttler to reach the semifinals at the 2024 Olympics. In a remarkable performance, Lakshya, who has been in stellar form throughout the Paris Games, secured a comeback victory over 12th seed Chou Tien Chen of Chinese Taipei. At 22, he stands as India’s sole hope in badminton after the exits of prominent players like Satwik-Chirag and PV Sindhu.

    Lakshya Sen will face a familiar opponent in the semifinals, Viktor Axelsen. The two have a shared history, as Lakshya trained with the former World No. 1 in Dubai after being dropped from the Thomas Cup team.

    According to his coach, Vimal Kumar, Lakshya gained valuable insights from the Danish star during their training sessions. The head-to-head record heavily favors Viktor Axelsen, who has won 7 of their 8 encounters.

    Lakshya Sen’s sole victory over the current World No. 2 came in the 2022 German Open semi-finals, where he won 21-13, 12-21, 22-20. In their most recent matchup at the Singapore Open 2024, Axelsen triumphed in a closely contested round-of-32 clash, winning 21-13, 16-21, 21-13.

    The semifinal match between Lakshya Sen and Viktor Axelsen at the Paris Olympics 2024 is scheduled for August 4, Sunday, and will take place not before 12 PM IST. It will be the second semifinal of the day, following the first semifinal between Kunlavut Vitidsarn and Jia Zii Lee.

    Recapping Lakshya’s match with Chou Tien Chen, the first set was a neck-and-neck battle, creating an electrifying atmosphere throughout the arena. The intensity of the smashes from Chou and Lakshya’s elegant defensive shots was a delight for the fans. The first set began on a back-and-forth note. Chou took a couple of points, and Sen fought back, picking up two consecutive points to restore parity at 2-2.

    Three consecutive powerful smashes from Chou allowed him to enjoy a three-point buffer over the Indian shuttler.

    The lengthy rallies continued, and Lakshya started to take control in the opening set. With an exquisite crosscourt smash, Lakshya once again leveled the score at 5-5. Lakshya continued to ride high on the momentum and went ahead for the first time in the first set, 6-5. Chou quickly bounced back to restore parity after his drop shot glanced off the net, which Lakshya was unable to return.

    For the next point, a 51-stroke rally kept the fans glued to the screen. In the end, Lakshya emerged victorious and once again leveled the score at 7-7. Chou took back-to-back points, and Lakshya responded with an excellent smash to level the game at 9-9. From that point, Chou upped the ante and took five consecutive points to go ahead in the game. By claiming four consecutive points, Lakshya fought back to keep the first set alive at 15-15.

    The Indian shuttler took three consecutive points to take a step closer to making history. But Chou’s relentless attacking play helped him overtake Lakshya and seal the first set with a 19-21 win.

    After a gripping opening set, Lakshya fought hard in the second set and lured Chou into making errors. He raced to a 4-1 lead, but Chou asserted dominance with his pinpoint smashes.

    Chou went ahead with a two-point lead at 7-9. Lakshya didn’t let his shoulders drop and replied by showcasing amazing levels of athleticism. After trailing briefly, Lakshya went ahead and didn’t leave room for Chou to make a comeback. He capped off an impressive display by sealing the second set with a 21-15 win. In the decider, once again, Chou exercised early dominance, but Lakshya dug deep and overcame the challenge to become the first Indian male shuttler to reach the semi-finals of the men’s singles event at the Olympics.

  • PNB Customers Alert! Your Saving, Current Account May Get Frozen; Do This By Aug 12 To Avoid Trouble | Personal Finance News

    New Delhi: Punjab National Bank, a leading public sector lender in India has urged its customers to update their KYC (Know Your Customer) details by August 12 to avoid their accounts from getting suspended. This directive, which affects accounts that were due for KYC updates as of March 31, aligns with the guidelines set by the Reserve Bank of India (RBI).

    “As part of the KYC compliance exercise, PNB customers are requested to provide their updated information like identity proof, address proof, recent photo, PAN, income proof, mobile number (if not available) or any other KYC information to their base branch. It can be done through PNB ONE App/Internet Banking Services (IBS)/registered e-mail/post or in person visit to any branch by 12.08.2024. Failure to update KYC details within the stipulated time may result in restrictions on account operations. “, the bank stated in a notification.

    What documents do customers need to provide to complete the KYC update?

    To complete the KYC update, customers need to provide the following information: updated identity proof, current address proof, recent photograph, PAN details (Permanent Account Number), income proof, mobile number, and any other relevant details.

    What are the consequences of missing the deadline?

    Punjab National Bank also announced that customers can update their KYC details through the PNB ONE App, Internet Banking Services (IBS), registered email, post, or by visiting any branch in person by August 12, 2024. “Failure to update KYC details within the stipulated time may result in restrictions on account operations.” the bank warned.

    Can PNB customers update their KYC details online?

    PNB customers can update their KYC details online without having to visit a branch. The Reserve Bank has established guidelines to make sure the online KYC process is smooth and secure.

    As per an RBI circular, “Banks have been advised to provide the facility of such a declaration to the individual customers through various non-face-to-face channels such as registered email ID, registered mobile number, ATMs, digital channels (such as online banking/internet banking, mobile application), letter, etc., without need for a visit to a bank branch.”

  • India vs Sri Lanka 1st ODI: India and Sri Lanka’s first ODI tie, Rohit-Dubey’s brilliant performance

    India vs Sri Lanka 1st ODI: The first match of the one day series played between India and Sri Lanka ended in a tie. In the match, Sri Lanka won the toss and batting first scored 230 runs for 8 wickets in 50 overs. While chasing the target, India could only score 230 runs after losing 10 wickets in the 48th over. In the 48th over, Sri Lankan captain Aslanka got Shivam Dubey and Arshdeep Singh out on consecutive balls to tie the match. Rohit Sharma and Shivam Dubey played brilliantly in the match played at R. Premadasa Stadium in Colombo.

    Chasing the target of 231 runs, India made a brilliant start. Rohit completed his half-century in 33 balls. Opener Shubman Gill was dismissed after scoring 16 runs in 35 balls. Captain Rohit Sharma scored 58 runs in 47 balls. Both these batsmen were dismissed by Vellalage. Washington Sundar could score only five runs. Virat Kohli and Shreyas Iyer were dismissed after getting set. Kohli scored 24 runs in 32 balls and Shreyas scored 23 runs in 23 balls. There was a partnership of 57 runs between KL Rahul and Akshar. Rahul was dismissed after scoring 31 runs and Akshar after scoring 33 runs. Kuldeep Yadav was dismissed after scoring two runs.

    After this, Shivam Dubey played some big shots but he could not make the team win. India needed only five runs in the last 18 balls but Aslanka got Shivam and Arshdeep out on consecutive balls and tied the match. Shivam Dubey was out after scoring 25 runs in 24 balls. This is the second time when the match between India and Sri Lanka has ended in a tie.

    Sri Lanka, batting against India in the first ODI, scored 230 runs in 50 overs losing 8 wickets. Dunith Vellage and Nissanka scored half centuries for Sri Lanka. All the bowlers took wickets from India except Gill. Sri Lanka had lost 5 wickets at a score of 105 at one point, but with the help of Vellage and Nissanka, the team made a comeback and crossed 200. Sri Lanka won the toss and decided to bat first against India. However, this decision did not prove to be very good for Sri Lanka and Sri Lanka suffered the first setback in the third over itself.

    Mohammad Siraj gave India its first breakthrough in his second over. There was a 39-run partnership for the second wicket between Nissanka and Mendis. Kusal Mendis was dismissed after scoring 14 runs in 31 balls. Shivam dismissed him. Sadira Samarawickrama could score only 8 runs in 18 balls. Captain Charith Aslanka could score only 14 runs in 21 balls. Pathum Nissanka returned to the pavilion after scoring 56 runs in 75 balls. Janith Liyanage (20) was dismissed by Akshar. Hasaranga contributed 24 runs in 35 balls. Dunith Vellalage scored an unbeaten 67 runs in 65 balls. In his innings, he hit 7 fours and two sixes. India had earlier clean swept the three-match T20 International series.

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  • Despite Withdrawal Call, Rs 2,000 Currency Notes Worth Rs 7,409 Crore Still In Circulation | Economy News

    NEW DELHI: About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over. This essentially means 97.92 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of July 2024, the Reserve Bank of India said in an update on Thursday.

    The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue. offices of the RBI.

    Those 19 RBI issue offices are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. People from within the country can send Rs 2,000 banknotes through India Post from any post office to any of RBI Issue Offices for credit to their bank accounts in India.

    The Rs 2000 banknotes continue to be legal tender. The Rs 2000 banknote was introduced in November 2016, primarily to meet the currency requirements of the economy expeditiously after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.

    The objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, the printing of Rs 2000 banknotes was stopped in 2018-19.

  • Paris Olympics 2024: PV Sindhu Crashes Out With Loss Against He Bing Jiao | Other

    PV Sindhu’s hopes of winning a third Olympic medal lay in tatters as she made a shock exit from the Paris Games with a straight-game loss against China’s world number nine He Bingjiao in the women’s singles pre-quarterfinals on Thursday. The 29-year-old from Hyderabad failed to mount a consistent attack and was outpaced 21-19 21-14 by Bingjiao in a 56-minute round of 16 clash, which was a rematch of the Tokyo Olympic bronze medal play-off. Sindhu, who won the silver and bronze medal at the Rio de Janeiro and Tokyo editions, had topped the group to qualify for the knockout stage.

    Having entered the Round of 16 after defeating Kristin Kuuba of Estonia, India shuttler PV Sindhu was aiming to win her third consecutive Olympic medal after her success in Rio and London Olympics. (‘Men Don’t Belong In Women Sports:’ Trends On Social Media After Imane Khelif Beats Angela Carini In 46 Seconds At Paris Olympics 2024)

    Sindhu marched into the Round of 16 of the badminton women’s singles event after beating Kristin Kuuba in the final Group M match at the ongoing Paris Olympics on Wednesday. She dominated over Kuuba and won the match 21-5, 21-10 in 34 minutes at the La Chapelle Arena.

    “I want that (to win a third medal). I feel really happy when people tell me – We want that medal from you,” Sindhu said in the post-match press conference.

    “At the same time, it comes with a lot of responsibilities and pressure, but it’s important for me to stay calm and keep going, one match at a time. I can’t expect easy wins. I’ll have to fight hard to earn that medal,” the shuttler added.

    In the first game, Sindhu controlled the momentum and clinched a 21-5 win in just 14 minutes. The Indian shuttler continued her form and won the second game 21-10 in 19 minutes.

    PV Sindhu could face China’s He Bingjiao in her upcoming Round of 16 match. Earlier in the Tokyo Olympics, Sindhu beat He Bingjiao to secure the bronze medal. The Indian shuttler had earlier defeated Maldives’ Fathimath Nabaaha Abdul Razzaq in the women’s singles event. She won 21-9, 21-6 win in a game that lasted for 29 minutes. (With ANI Inputs)