logo
DK Shivakumar Breaks Silence On Buying RCB Rumours: "Don't Even Drink..."

DK Shivakumar Breaks Silence On Buying RCB Rumours: "Don't Even Drink..."

NDTVa day ago

Karnataka Deputy Chief Minister DK Shivakumar has quashed rumours of him buying the Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB). His remark comes days after reports surfaced that RCB owners, United Spirits -- the Indian arm of UK-based Diageo Plc -- was looking to sell stakes in the franchise. However, United Spirits issued a clarification denying any such reports. "This has reference to your email communication dated 10th June 2025 seeking clarification from the Company on media reports in relation to potential stake sale of RCB. The Company would like to clarify that aforesaid media reports are speculative in nature and it is not pursuing any such discussions," United Spirits told the Bombay Stock Exchange and BSE Surveillance Department.
Now, Karnataka Deputy CM DK Shivakumar has played down the rumours of him buying RCB.
"I am not a mad man. I'm just a member of the Karnataka Cricket Association from my younger days, that's all. I don't have time, though I had offers to be part of the management... Why do I need RCB? I don't even drink Royal Challenge," Shivakumar said in a video posted by news agency ANI.
#WATCH | Delhi | "I am not a mad man. I'm just a member of the Karnataka Cricket Association from my younger days, that's all. I don't have time, though I had offers to be part of the management... Why do I need RCB? I don't even drink Royal Challenge," says Karnataka Deputy CM... pic.twitter.com/iZ1K1by206
— ANI (@ANI) June 11, 2025
Following RCB's maiden IPL title win, thousands of jubilant fans gathered outside the M. Chinnaswamy Stadium on June 4, where the official celebrations were held. However, the event took a devastating turn as the overcrowded venue led to chaos when fans attempted to forcefully enter the stadium, resulting in a deadly stampede.
Speaking exclusively to IANS, Lalit Modi expressed deep condolences to the families of the victims and labelled the incident as a case of gross mismanagement.
"First and foremost, my condolences to the families of those who lost their lives in the stampede. This should never have happened. The entire event was poorly planned and executed," Modi said.
"There is so much mudslinging and finger-pointing going on, but the issue is simple - the event should never have been allowed without proper arrangements in place. The authorities failed, and the team management should also have ensured fan safety before participating in the so-called celebrations."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

"Just 24 Or 25...": Ex-India Star's Clear Verdict On Shubman Gill Becoming Test Captain
"Just 24 Or 25...": Ex-India Star's Clear Verdict On Shubman Gill Becoming Test Captain

NDTV

timean hour ago

  • NDTV

"Just 24 Or 25...": Ex-India Star's Clear Verdict On Shubman Gill Becoming Test Captain

Former India wicketkeeper-batter Robin Uthappa has praised the selection committee for appointing a young captain in Shubman Gill for the upcoming Test series against England. Gill replaces the now-retired Rohit Sharma at the helm. Virat Kohli too is no longer part of the Test setup following his retirement from the format last month. Uthappa highlighted how Gill, 25, could end up leading the Indian team for the next decade or so if he manages to do well in England. "You have got to give tops to that selection committee because they have gone with foresight. Shubman is just 24 or 25 right now. If he gets this right, then you can see him leading the Indian Test side for the next 10 years, the next decade, and that leaves Indian cricket in great hands because he is a high-quality bat," Uthappa said on Star Sports. Uthappa praised Gill for his leadership during the recently-concluded IPL season, where he led Gujarat Titans to the playoffs after a disappointing first campaign as captain last year. "We have seen his captaincy evolve from last year to this year just in the IPL, just the way he led the Gujarat Titans, the intensity with which he functioned, the decisions he made on the field, and the way he stood up for his teammates with the umpires or anything that happened on the field," he added. Uthappa pointed a bright future for Gill as captain in international cricket. "He is going to be a great leader. He is a smart cricketer. He has got a good brain for the game. He understands his game deeply. He is very talented, and he is a nice human being. He has all the raw materials to become a really good leader," Uthappa explained. "The one thing I like about Shubman is that he will walk his talk as well. He is very organized and diligent around his training and his preparation, which will be a great example to other players. I think he is primed to take on the international scene by storm," he further pointed out.

Sensex, Nifty decline amid geopolitical tension and trade uncertainty
Sensex, Nifty decline amid geopolitical tension and trade uncertainty

Business Standard

timean hour ago

  • Business Standard

Sensex, Nifty decline amid geopolitical tension and trade uncertainty

Indian equities declined on Thursday amid uncertainty surrounding the US–China trade deal and rising geopolitical tensions. The Sensex ended at 81,692, a decline of 823 points or 1 per cent. The Nifty, meanwhile, ended the session at 24,888, a fall of 253 points or 1.01 per cent. Investors were jittery despite US President Donald Trump's claim on Wednesday that a tariff framework with China had been reached. Concerns about elevated geopolitical tensions further dented sentiment after Iran said it would strike US bases in the Middle East if nuclear talks failed. The US, in response, said its personnel were being moved out of the Middle East as it could become a dangerous place. Geopolitical tensions in the Middle East could push Brent crude prices higher—a key negative for India, which imports most of its crude oil requirements. Aviation stocks declined after a fatal crash of a Boeing 787 Dreamliner operated by Air India left more than 200 people dead. The shares of Indian aviation firms fell. The stock of InterGlobe Aviation, which owns IndiGo, dropped 2.7 per cent, while that of SpiceJet declined by 1.8 per cent. Shares of helicopter services firm Global Vectra Helicorp fell by 0.1 per cent, and those of chartered aircraft carrier Taal Enterprises declined by 3.05 per cent. In the near future, negotiations between the US and its trading partners, as well as geopolitical developments, will determine market direction. 'The Nifty has once again approached the support zone of its short-term moving average—the 20-day EMA—which currently lies around the 24,800 mark. A decisive break below this level could lead the index back into a consolidation phase. Given the prevailing uncertainty, we recommend maintaining strict stop-losses in short-term trades, particularly in the mid-cap and small-cap space. It is also advisable to avoid aggressive long positions until a clearer directional trend emerges,' said Ajit Mishra, senior vice-president – research, Religare Broking. Barring three, all Sensex constituents declined. Larsen & Toubro, which fell 2.2 per cent, was the biggest contributor to the Sensex decline, followed by Infosys, which dropped 1.4 per cent. The market breadth was weak, with 2,780 stocks declining and 1,226 advancing.

Auto sector pushes 3-step plan to cut China dependence for rare earth magnets
Auto sector pushes 3-step plan to cut China dependence for rare earth magnets

Time of India

timean hour ago

  • Time of India

Auto sector pushes 3-step plan to cut China dependence for rare earth magnets

Squeezed for supplies, automakers have made a three-pronged suggestion to improve supplies of rare earth magnets over the next three years to reduce dependence on China. The Indian auto industry made a presentation to the ministry of heavy industries last week detailing strategies to attain self-sufficiency in supply chains . It suggested incentives for Indian companies to start local assembly of rare earth magnets, recycling of used magnets and outreach to resource-rich countries such as Australia, Vietnam, Chile, and Peru to secure supplies. Over a longer 3-10 years phase, they have proposed incentives to be introduced for large industrial players to set up manufacturing units for rare earth magnets with backward integration for raw material. Auto parts makers are likely to run out of stock of rare earth magnets early next month, which is likely to affect production of about a dozen critical components that go into electric vehicle motors as well as vehicle speed detection and automatic gear shifting systems. China announced export controls on medium and heavy rare earth-related items with a view to 'safeguarding national security' on April 4 in response to US President Donald Trump's tariffs. China accounts for about 70% of global rare earth metals mining and nearly 90% of production. 'The goal should be to ensure that India develops not only downstream capabilities but also upstream processing infrastructure', automakers said in the presentation, a copy of which was reviewed by ET. 'Financial and policy support must be provided to encourage public private partnership,' to build a complete domestic value chain, it said. This would include incentives for encouraging local mining and production of heavy rare earth magnets. However, till the time local mining, ore magnet production arrangements are done, the government must undertake measures to arrange for import from non-China based sources like Vietnam, Brazil, Russia, among others. In the near-term, though, the industry has said that the Indian government engages with counterparts in Beijing to relax export restrictions and help in expediting export control licenses so that automobile production in the country is not disrupted. 'While those making electric vehicles will be particularly impacted, the restriction eventually will affect all companies as these magnets are used in several key components including in electric power steering, parts for engine cooling and sensing exhaust gas concentration, engine spark ignition, among others,' said a senior industry executive on condition of anonymity, While some parts makers in Europe recently got approvals to source rare earth magnets, their Indian arms are yet to get a go-ahead from the Chinese ministry of commerce. The issue is complicated by the tense business and political relationship between India and China, experts said. As many as 35 Indian component makers import rare earth magnets from China. In its latest report CareEdge Ratings said delays in rare earth elements (REE) shipments for Indian auto OEMs may impact electric, Internal Combustion Engine (ICE) and hybrid vehicle production starting July 2025, particularly higher-end models that depend on REE-based technologies. 'Automakers might need to shift focus to mid-range or base models to address supply disruption. However, China's recent decision to temporarily allow REE exports to top US automakers offers hope for resolving the impasse for Indian companies as well', the ratings agency said in a note Thursday.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store