Monday, August 24
New Delhi: The BCCI has more than doubled the match fees of women cricketers and officials in domestic cricket, a move triggered by India's maiden ODI World Cup triumph and aimed at creating a more equitable pay structure across the circuit. The substantial hike was approved by the Board's Apex Council. As per the revised structure, senior women cricketers plying their trade in domestic tournaments will now earn Rs 50,000 per day, a significant jump from the existing Rs 20,000 (Rs 10,000 for reserves) per match day. For senior women's domestic one-day tournaments and multi-day competitions, players in the first XI will receive Rs 50,000 per day, while those in reserves will be paid half the amount at Rs 25,000 per day. In national T20 tournaments, first XI players will earn Rs 25,000 per m
Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing on Monday, seeks to allay the Warner Bros board's doubts about Paramount's financing and the lack of full Ellison family backing, which had pushed it toward the competing cash-and-stock offer from Netflix.Warner Bros shares rose nearly 4%, while Paramount added about 3%. Warner Bros and Netflix did not immediately respond to requests for comment.Paramount said the amended terms do not change the $30-per-share all-cash offer even as the fight for Hollywood's sought-after assets heats up, with control of Warner Bros' vast
Stock broking platform Groww on Monday said it has launched 'Groww Lite', a web-based emergency trading portal, to safeguard users during platform outages and technical glitches. The new portal enables users to close or exit their open trading positions even if the main Groww app or website is temporarily inaccessible during an outage, the stock broking platform said in a statement. The launch comes in the wake of recent large-scale internet disruptions, including a Cloudflare-related outage that impacted access to multiple digital services. By introducing Groww Lite, the company is creating a fail-safe channel for users to retain control over their trades during critical market hours, even under outages or technical glitches. The new trading platform is a secure, desktop and mobile web-ba
Mumbai: The Reserve Bank of India (RBI) may reduce the repo rate by 25 basis points (bps) in its February monetary policy meeting, taking the benchmark rate down to 5 per cent, according to a report by Union Bank of India.The report highlighted that there is scope for a final 25 bps rate cut either in February or April 2026, given the central bank's dovish policy guidance. It noted that the RBI has made multiple references to benign inflation conditions and subdued underlying price pressures. The report added that if the impact of around 50 bps inflation from gold is adjusted, inflation pressures appear even more moderate."We see scope for final 25bps rate cut in Feb or April 2026. Given the dovish policy guidance, we cannot rule out the possibility of a final 25bps rate cut in Feb'26 meet
China's economy grew by just 2.5% to 3% in 2025, the Rhodium Group think tank estimates, roughly half the pace implied by official data, driven by a collapse in fixed-asset investment in the $19 trillion economy over the second half of the year.Policymakers are expected to announce that China met its full-year growth target of "around 5%" when top leaders gather in March for their annual parliamentary session and unveil the next five-year plan, touting robust exports in the face of a tariff war with the U.S. and weak domestic demand.But there will be around half a trillion dollars in lost demand unaccounted for, according to a report released by Rhodium Group on Monday.China's National Bureau of Statistics did not immediately respond to a request for comment.If accurate, the
