More bad news for Preity Zinta after IPL 2025 final loss, PBKS will lose Rs...
Preity Zinta's Punjab Kings have lost in IPL final for second time. After losing IPL 2014 final, PBKS also lost IPL 2025 final to RCB by six runs in Ahmedabad on Tuesday.
Preity Zinta's Punjab Kings have got Rs 12.5 crore from BCCI for finishing runners-up in the IPL 2025 season.
Preity Zinta's Punjab Kings have suffered a loss of Rs 7.5 crore after IPL 2025 final. If they had won their maiden title, PBKS would have got Rs 20 crore instead of Rs 12.5 crore as runners-up.
Punjab Kings brand value would have jumped 15 per cent if they won IPL 2025 final, according to media reports. IPL 2025 champions RCB's brand value has jumped 10 per cent.
Preity Zinta's PBKS have suffered Rs 128 crore loss in brand value potentially after losing the IPL 2025 final. PBKS brand value would have been Rs 996 crore as opposed to Rs 867 crore currently.
Punjab Kings are currently in 9th place among IPL teams in brand value while RCB are in second place, even before the IPL 2025 title win.
Punjab Kings had finished on top of Points Table after league stage in the IPL 2025 season. But PBKS both Qualifier 1 and final to RCB.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
38 minutes ago
- Time of India
Summer 2025 footfall at Kol restos and bars beats pre-pandemic high
1 2 Kolkata: Footfall across Kolkata restaurants is the highest this summer since the pandemic, with most eateries across south and central Kolkata seeing a full house during lunch and dinner. Online orders saw a major spike over the last fortnight. The rise in footfall was around 20% compared to last summer, according to Hotel and Restaurants' Association of Eastern India (HRAEI) president Sudesh Poddar. While the summer vacation is on, the weather, though warm, was better than last summer when the city was gripped by a heatwave. These factors may have contributed to a footfall spurt, felt Poddar. "While footfall rise every summer, this year it was around 20% more compared to last May-June. Unlike 2024, it rained more often this time, making it a comfortable to dine out. It also helped that the IPL playoffs were played till this week. It always attracts the young who love to couple cricket with eating out," said Poddar. Oudh 1590 and Chapter 2 have seen steady growth in footfall since the beginning of May. "It has been rising steadily, and it helped that we had our biryani festival on throughout last month. Summers are usually good for sales, but this year it was even better, possibly due to the improved weather. Despite the occasional scorching period, people have been gorging on biryani and other north Indian fare. At Chapter 2, sales have been moderately higher than last summer's as well," said Shiladitya Chaudhury, co-founder and owner of Oudh and Chapter 2. Park Street has seen a larger crowd during both lunch and dining hours since mid-May, said restaurateurs. Peter Hu has seen a waiting crowd every evening over the last month. "This has been the best summer since the pandemic, and the footfall was 15% higher. We've had people waiting to get in even on weekdays. One reason could be the weather, which has been more bearable than the last two summers. Secondly, along with the younger generation, the elders, too, are now more into eating out. Online orders, too, have increased," said Siddharth Kothari of Peter Hu. At Mocambo and Peter Cat, waiting crowds have gotten progressively bigger over the last fortnight. "We had full attendance throughout the day since the beginning of May. It has really been a good summer so far, easily the most crowded since the pandemic across all our outlets, including Peter Cat," said Mocambo and Peter Cat owner Nitin Kothari. "We had a near-full attendance even during weekdays since last Sunday. Food sales have jumped appreciably. Liquor sales have dipped since we have more families coming in now. But that has been more than made up by the higher footfall and larger food orders," said Pratap Daryanani, owner of Oasis on Park Street. Footfall has been driven by a bigger family crowd, said Poddar, who owns Songhai, MS Bar & Lounge, and Manthan.
Time of India
38 minutes ago
- Time of India
Tax evasion a national crime, take stern action against fake firms: CM
1 2 Lucknow: Chief Minister Yogi Adityanath on Saturday directed officials to act against shell companies and fake firms that are deriving undue benefits against the rules. He said that such acts were an attempt to misuse the facilities meant for genuine traders and the matter should be dealt with seriously. The CM, while conducting a high-level review of the state tax department, directed officials to ensure transparency in tax collection and adopt a policy of technological efficiency and strict enforcement. Calling the act of such companies 'unforgivable', Yogi said, "Tax evasion is a national crime that negatively impacts development plans and welfare schemes." Stressing that GST is a consumer-based tax system, he noted that areas with higher population density were naturally expected to generate increased tax revenues for the state coffers. He instructed officials to develop special strategies for zones where tax collection is below average. Yogi directed that information on suspicious firms registered under central GST (CGST) be shared with the higher authorities in Delhi for cancellation of their registration. He ordered in-depth departmental investigations for firms under state GST (SGST). Upon encountering anomalies, officials would be given a free hand to register a criminal case and prosecute such people accordingly. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo Insisting on the on-site inspection at the time of registration of new firms, Yogi said, "Fake companies should not be allowed to obstruct the rights of honest taxpayers. Such inspections are essential to ensure that genuine businesses can operate fairly and without interference." During the meeting, officials informed the CM that nearly Rs 18,162 crore was collected through GST and VAT tax components in April and May of the 2025-26 financial year. The target for the year assigned to the department is Rs 1.76 lakh crore. Appreciating the progress, the CM directed officials to achieve the target through regular monitoring. The CM praised the achievements of 14 zones, including Lucknow, Ayodhya, Bareilly, Agra, Ghaziabad, Gautam Budh Nagar, Meerut, Jhansi, and Saharanpur divisions, for achieving increased targets. In contrast, officials in Varanasi, Prayagraj, Kanpur, Etawah, Aligarh, and Moradabad were reprimanded for collecting less than 50% of the stipulated target. He said that a detailed report should be prepared covering the role of officials deputed in the low-performing regions and sent to the govt. He emphasized that revenue was not just a number, but the foundation of development, and every officer should carry out their duties with responsibility and sensitivity. "In areas with weak tax collection, additional, joint, and deputy commissioners should personally engage with traders to build trust, cooperation, and a sense of compliance among the taxpayer community," said Yogi.
Mint
40 minutes ago
- Mint
Best stock recommendations today: MarketSmith India's top picks for 9 June
On Friday, the Nifty 50 surged 1.02% to close above 25,000, driven by the RBI's unexpected 50-basis-point repo rate cut and a 100bps CRR reduction, aimed at boosting liquidity and economic growth. This aggressive monetary easing lifted investor sentiment and triggered strong buying, especially in rate-sensitive sectors like realty, financials, autos, and metals. The RBI's shift to a neutral stance further supported the rally, resulting in broad-based market participation. Two stock recommendations for today, 9 June, by MarketSmith India: KEI Industries Ltd (current price: 3747.8) Why it's recommended: Strong market position, diversified revenue streams, strong product portfolio, and innovation Key metrics: P/E: 49.96 | 52-week high: ₹5,039.70 | Volume: ₹158.97 crore Technical analysis: Reclaimed 200 EMA Risk factors: Raw material price fluctuations, competitive pressure Buy at: ₹3,747.8 Target price: ₹4,290 in three months Stop loss: ₹3,490 Also Read: United Spirits is on a high after RCB's IPL win, JP Morgan upgrade and UK FTA. Can it keep buzzing? Bajaj Housing Finance (current price: ₹125.66) Why it's recommended: Strong market position, strong financial performance Key metrics: P/E: 174.44, 52-week high: ₹ 188.50, volume: ₹ 262.89 crore Technical analysis: Reclaimed 100-EMA Risk factors: Interest rate risk, regulatory risks, macro-economic risks Buy at: ₹125.66 Target price: ₹150 in three months Stop loss: ₹115 Nifty 50: How the benchmark index performed on 6 June On Friday, the Nifty 50 opened on a subdued note and witnessed volatility during the initial hour of trade. However, sentiment improved significantly following the RBI policy announcement, propelling the index past 25,000 intraday. The day's price action resulted in the formation of a strong bullish candlestick on the daily chart, with the index closing near the session's high. All major sectoral and broader market indices ended in positive territory. Notably, Nifty Realty, Metal, Banking & Financials, and Auto sectors outperformed, while Pharma, Energy, and FMCG lagged. The broader market participation remained robust, with the advance-decline ratio improving to 4:3, reflecting a healthy market breadth. From a technical perspective, the Nifty 50 is now trading above all its key moving averages across multiple timeframes, indicating underlying strength. The relative strength index (RSI) has turned upward and is currently hovering near 60, reflecting improving momentum. However, the MACD continues to display a negative crossover and has yet to confirm a sustained bullish trend. On a positional basis, a golden crossover, where the 50-DMA crosses above the 200-DMA, has occurred on the daily chart, signalling a potential resurgence of medium- to long-term bullish momentum. Also Read: Can this microfinance lender lead the industry's turnaround in FY26? As per O'Neil's methodology of market direction, the market status has been downgraded to "Uptrend Under Pressure" from 'Confirmed Uptrend" on 4 June. The Nifty 50 ended the session around 25,000 with a positive bias. However, for the index to exhibit further bullish strength, a sustained breakout and close above 25,200 is essential. Post-RBI policy announcement, overall market sentiment has turned positive, thereby increasing the likelihood of a near-term breakout. A decisive move above 25,200 could accelerate the upward momentum, potentially driving the index toward 25,700–25,800 in the coming weeks. On the downside, immediate support is placed near 24,500. How did the Nifty Bank perform yesterday? On Friday, the Nifty Bank decisively broke above 56,000, following the RBI policy announcement, after consolidating for five consecutive weeks. The index closed near the day's high in uncharted territory, registering a gain of 1.47% and forming a strong bullish candlestick on the daily chart. Additionally, a breakout above an ascending triangle pattern on the daily timeframe was observed, supported by robust price and volume action. On a weekly basis, the index advanced approximately 1.48% and formed a bullish candlestick, reinforcing the positive momentum. From a technical standpoint, the index is now trading above all its key moving averages across multiple timeframes, supported by strong positive momentum. The daily and weekly relative strength index (RSI) are trending upward, reflecting strengthening buying interest. Notably, the MACD has formed a positive crossover on the weekly chart, reinforcing the bullish trend. However, on the daily timeframe, the MACD continues to exhibit a negative crossover and would need to turn positive to confirm short-term strength. Additionally, the ADX/DMI indicator on the weekly chart also signals a firm bullish trend, further validating the upward bias. According to O'Neil's methodology market direction, the Nifty Bank has recently transitioned from an 'Uptrend Under Pressure" to a more constructive phase of a 'Confirmed Uptrend," highlighting renewed strength and resilience in the broader trend. Also Read: Russia-Ukraine war escalation: Impact on the Indian stock market The index is currently trading with a positive bias across multiple timeframes and is now navigating uncharted territory. As long as it remains above 56,000, the overall outlook remains positive. The recent breakout indicates potential for the index to advance toward 58,500–59,000 in the near term. Conversely, a breach below 56,000 could lead to a phase of sideways consolidation. Notably, the RBI's recent policy measures have had a significant positive impact on the sector, and it is likely to remain buoyant in the coming weeks. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
