
PGTI announces golf league; more prize money
The PGTI held a press conference on Saturday to announce the prize money for the second half of the golf season in India, and onboarding new sponsors like Indian Oil and Amul to PGTI events. The premier golf body of India announced that there would be a minimum of 15 tournaments in the second half of the season from August to December with a total prize money of Rs 17 crores. This takes the total season's prize money to Rs 33 crores and does not include the Indian Open and the DP World India Championships. It was also announced that the prize money for the current season had risen by Rs 8 crores from last season.
The crowning event for the PGTI will be the DP World India Championships, where newly-minted Masters winner Rory McIlroy is set to headline the field at the Delhi Golf Club. With a prize purse of $4 million, that event will be the richest ever golf event to be staged in India.
Johl also announced that India would host three NextGen events with prize money of Rs 20 lakh in Patna, Lucknow and Bhubaneswar.
The talks for a new league are ongoing as well, and PGTI CEO Johl said that the league would take place this year itself.
'We have got very good offers and in the next few weeks we will sign a deal. It will be the PGTI League and it will only be for professional players. The league has to be about pro golfers and can't have amateurs in it,' Johl added.
Franchise based model
Johl also spoke about the format he envisaged for the league, saying it would be a franchise based model.
'In my opinion, it would be head-to-head games between players from different franchises. Can you imagine Gaganjit Bhullar playing Jeev Milkha Singh one-on-one? That's golf and that's what we're trying to do with the league,' said Johl.
Also present at the press conference was PGTI president Kapil Dev. The former India captain said that his organisation had no issues with IGPL and praised the organisation for bringing more cash into the sport. He then said that his responsibility wasn't to take care of twenty top golfers but rather 250 golfers from the country.
'I think loyalty is very important. Like the cricket board has established themselves, we want to establish ourselves. This organisation looks after all professionals, not just a group of people,' said the 1983-World Cup winning captain at the press conference.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
11 minutes ago
- India.com
BSNL's Rs 1 plan to give tough competition to Mukesh Ambani's Jio, Sunil Mittal's Airtel; offers unlimited.., last date to avail offer...
The Bharat Sanchar Nigam Limited (BSNL) has introduced a new digital revolution. The state-owned telecommunications firm has disrupted private operators by offering an unbelievable plan of just Rs 1. The offer gives users 30 days of validity, unlimited calling, and 2GB of daily data. BSNL announced this new plan in conjunction with Independence Day celebrations. This affordable offer will be attractive to many users as BSNL seeks to expand its market in this competitive industry. Through its official X (previously Twitter) account, BSNL announced its new 'Freedom Offer.' The state-run telecommunications organization has detailed that users will receive 'True Digital Freedom' for just Re 1. This plan offers 30 days of validity, with daily 2GB high-speed data, unlimited calling across India, and free national roaming. Users will also receive a plan that allows for 100 free SMS per day. Sharing a post on X(previously Twitter), BSNL India wrote, 'Azadi ka plan at just Rs. 1/- & get true digital freedom with BSNL. With 30 days of unlimited calls, 2GB data/day, 100 SMS/day, and a free SIM. Applicable for new users only.' The offer will be valid till August 31, 2025. Check the benefits below: Get 2 GB/day Unlimited voice 100 SMS/day 30-day validity Free Sim Customers are advised to walk into their nearest BSNL CSC or retailer.


Time of India
11 minutes ago
- Time of India
FPIs offload Rs 17,741 crore in July, trend may reverse after trade tensions wane
As foreign portfolio investors (FPIs) became net sellers in the Indian equity market in July, analysts said on Sunday that continuous FPI inflows can be expected once global trade tensions settles. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As foreign portfolio investors (FPIs) became net sellers in the Indian equity market in July, analysts said on Sunday that continuous FPI inflows can be expected once global trade tensions made a total outflow of Rs 17,741 crore last month, marking a shift after three consecutive months of inflows during April, May, and June, according to data released by saw the highest FPI inflows so far in 2025, while January witnessed the largest sell-off, with net selling of Rs 78,027 crore worth of outflows."FPIs sold equity worth Rs 31,988 crores through the exchanges in July. This selling takes the total sale figure for 2025 to Rs 13,1876 crores. However, the FPI strategy of buying equity through the primary market also continued in July, with a monthly buying figure of Rs 14,247 crores," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments total investment of FPIs through the primary market in 2025 till date reached Rs 36,235 crores. This is a steady trend reflecting the FPI preference for fair valuations, Vijayakumar week, US President Donald Trump gave Russia a 10-12 day deadline to end the war in Ukraine, failing which could result in additional sanctions and secondary tariffs on countries that trade with Russia, pushing oil prices higher. This move has impacted market sentiments in the short-term, Vijayakumar said."The sharp appreciation in the dollar index to 100 is a headwind, which can impact FPI inflows in the near term. Market perception suggests that following the initial chaos, a deal will be reached between India and the U.S. after the next round of negotiations. A steady trend of FPI flows will emerge after the dust settles," Vijayakumar added."FPI selling in information technology (IT) stocks pushed down the IT index, and the uncertainty relating to pharmaceuticals impacted the pharma index, too, despite the good results from many companies in the sector," he added.
&w=3840&q=100)

Business Standard
11 minutes ago
- Business Standard
PM to inaugurate Bengaluru's Yellow Line Metro on Aug 10: Tejasvi Surya
BJP leader Tejasvi Surya on Sunday announced that Prime Minister Narendra Modi will inaugurate the Yellow Line Metro Rail on August 10. In a post on X', the Bengaluru South MP said, PM Sri @narendramodi Ji will inaugurate the all important Yellow Line metro on August 10. On behalf of all people of Bengaluru, I thank PM for always prioritising infrastructure development of our city." The Yellow Line is expected to benefit nearly eight lakh commuters and ease traffic congestion in key areas, including the notorious Silk Board junction. According to Surya, pubic transport is the only long-term solution to Bengaluru's traffic woes. With the August 10 inauguration, the Metro project would meet the August 15 deadline. He credited the timely launch to Modi's personal push to ensure that the line is open to public without any further delay. Surya, who is also the BJYM national president, quoted Union Urban Affairs Minister Manohar Lal Khattar, who said on X', I am pleased to announce that the Hon'ble Prime Minister of India has kindly agreed to inaugurate 19.15 km Yellow Line from RV Road to Bommasandra of Bangaluru metro with 16 stations at the cost of Rs 5,056.99 crore and lay the foundation stone of 44.65 km of Bangalore phase-3 at the cost of Rs 15,611 Crore on 10th August 2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)