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Time of India
3 hours ago
- Business
- Time of India
RCB to be sold after historic IPL 2025 win? Owner Diageo breaks silence
Image credit: BCCI/IPL Diageo India, the Indian branch of UK-based Diageo Plc and owner of the Royal Challengers Bengaluru (RCB) IPL franchise, has firmly rejected rumors of selling the team. In a letter addressed to the Bombay Stock Exchange (BSE) and its Surveillance Department on Tuesday, June 10, a Diageo India representative stated that the media reports suggesting a potential sale are purely speculative. "The company would like to clarify that the aforesaid media reports are speculative in nature and it is not pursuing any such discussion," Mital Sanghvi, the company secretary, informed the regulating body of the Indian Stock Market. "This is for your information and records." Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! According to a Cricbuzz report, Diageo's statement was in response to a query from the Bombay Stock Exchange (BSE), where the company is publicly listed. Since speculation about a possible sale of the RCB franchise began circulating, shares of United Spirits — the Diageo-owned company that holds RCB — have seen a notable uptick. On Tuesday, Bloomberg reported that Diageo is considering selling the RCB franchise. The report surfaced shortly after RCB's maiden IPL title win on June 3 — a milestone achieved after 17 years — followed tragically by an incident in Bengaluru on June 4, where celebrations turned fatal, leaving 11 dead and many injured. Virat Kohli's love for 'dhaba' food, priority for family & more | RCB bus driver shares stories Though Diageo officially dismissed the sale reports as "speculative," the ambiguity of their statement has sparked deeper speculation. A seasoned voice in India's sports business ecosystem suggested that 'being a public company, there will be a lot of pressure on reputational damage,' hinting that Diageo could be weighing its options more seriously than publicly admitted. There are also murmurs about Diageo valuing the RCB franchise at around USD 2 billion. While some industry insiders view that figure as inflated — especially when compared to Torrent's acquisition of Gujarat Titans at approximately INR 7500 crore (around USD 1 billion) — others disagree. Lalit Modi , the architect of the IPL, told Cricbuzz that a USD 2 billion valuation for RCB is quite realistic. 'A particularly special feeling': Andy Flower hails Virat Kohli, RCB after historic title win "I will not be surprised if it is sold for a higher price," he remarked, adding that comparing the RCB valuation to that of the newer Gujarat franchise isn't an apples-to-apples comparison. "I will not be surprised if it is sold for a higher price," he said , stating that the valuation of GT cannot be compared here since it was a one-year-old deal. The sale report remains speculative, as clarified by the Diageo official in the response to the BSE. "No decision is final and they may decide against selling the team, the people said, asking not to be named as the details are private," the Bloomberg report says.
Entrepreneur
2 days ago
- Business
- Entrepreneur
The Rise of Anish Singh Thakur: The Boomingbulls Story
"I never make any scripts. I just go there, use my real-time experience, and then give them the best knowledge and value," said Anish. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When Anish Singh Thakur first dipped his toes into the volatile waters of cryptocur rency back in 2017, he wasn't thinking about building India's most followed trad ing education platform. Like many others, he was simply a young man swept up in the Bitcoin boom. "We all got excited and we invested in Bitcoin," he recalls. "I made a lot of money... 10 lakh rupees, which is a good amount in India when you're young." At the time, Anish wasn't even trading himself. He had handed his capital to a friend and shared the profits. It was fast, easy money—until it wasn't. "Suddenly a bear cycle came and everything crashed down," he says. "Not everything was lost, but it went downhill." That initial success followed by sharp losses was a crash course in market reality. It also marked the beginning of Anish's transformation from an excited speculator into a system-driven trader and educator with a global vision. Post-crypto, he moved to the Indian stock market. But here too, he ran into trouble. "People were calling, saying, 'Just deposit money, and we will trade for you.' I trusted them, put money in my account, and again, I made profits first, but then they made losses." The cycle repeated, each time more punishing. "Somebody called me again. I deposited a lot of money. I lost everything again," he recounts. Burned and bitter, Anish realized there was only one way for ward; he had to learn to trade himself. And so began the grind. YouTube tutorials, Amazon book hauls, and seminars like Finbridge in Mumbai became his class rooms. He threw himself into learning the craft, all while becoming increasingly disil lusioned by what the market was offering: overpriced, incomplete courses wrapped in slick marketing. "Once you buy their course, then you have to buy one more, then an advanced course, then another." That frustration planted the seeds for Booming Bulls Academy. In 2020, while COVID-19 shut the world down, Anish launched his YouTube channel, armed with clarity of purpose: to teach real trading in a real voice, without gimmicks or endless upsells. "If I learn, maybe one day I'll open a channel," he had thought. "Everyone is just giving small insights on YouTube, not at all helpful." His channel exploded. What set him apart wasn't just his transparency or live trading videos, a rarity in India at the time, but his plainspoken style. "My most important quality is that I talk in a very easy way... especially in Hindi. It's very easy for people to understand." In just over a month, he hit 100,000 subscribers. The Booming Bulls YouTube channel now sits at over 2.6 million followers, and at its peak, the academy was training thousands of students online and hundreds more across 12 physical centers. But as Booming Bulls grew, Anish began to see another opportunity, not in education, but in capital management. His early vision had always been to build a serious trading institution, not just a school. That vision is now, taking shape in Dubai, where he is building a professional trading floor with a seating capacity for 40-50 traders. "Now my vision has changed," he explains. "I am making much more money through trading than my training academy." That might sound like a bold statement, but it's underpinned by years of refinement. Anish's trading style has evolved from chaotic gut calls to precise, system-based strategies. "Now I am more of a system trader," he says. "I created three criteria. If all match, I trade. If not, I do nothing." No more gambling. No FOMO. Just probability, backtesting, and risk control. "In 1,000 trades, we might be profitable in 500, losing in 500. But in the losses, we lose $100. In the win, we make $200-$300." It's a mature, methodical mindset, a far cry from the fast and loose trading that once burned him. The risk is still there, but it's calculated. Rational. Controlled. Anish believes system trading is the future for anyone who wants to be consistently profitable. "Most people fail because they are discretionary traders. They trade based on feeling. Ninety percent of those traders fail." He emphasizes that trading is not a get-rich-quick scheme. "New people think with $1,000 they can make $1 million. This is not the case. You are going to lose money in the beginning. That's your training." For Anish, capital is king. Big returns require big capital. And success requires time. "You give three years for a degree, two years for postgrad. But in trading, people give one month and sk why they're not making money." He also wants young traders to treat trading like a profession. "You will give time to engineering or business degrees. But in trading, nobody wants to give one or two years." He likens early trading losses to tuition fees. You pay with your mistakes, and with every mistake, you either get smarter or get out. It's a crucible, and he's seen many get burned. "People are breaking their SIPs, mutual funds, asking their parents for money. That is very wrong." Today, Booming Bulls is shifting into a new phase. The physical academies are being shut down. "It's not about money," he says. "It's about time and vision. My vision has changed." His focus now is scaling his private trading operation. A new trading floor in Dubai's JBR district is under construction, with dedicated depart ments for algo trading, gold, and risk management. Anish and his team will initially deploy $1 to $2 million of his personal capital in 2025, scaling up to $5 million, then $10 million, and ultimately eyeing $100 million. This shift isn't just financial; it's strategic. With AI and algorithmic trading gaining traction, he sees automation as the key to long-term profitability. "Trading is hard because of emotions," he says. "But if a robot is doing it for you, there are no emotions." His team has already automated several indicator-based strategies, and though price action systems are tougher to code, they're working on that too. "It's simple. The buttons I click to buy or sell—we're automating that." He sees immense promise in removing the human factor. "It will cut the losses when they are small. It will hold your profits until they become big. Simple risk-reward ratio game." Still, Anish isn't abandoning education entirely. The new vision includes free, high-quality content on YouTube aimed at reaching 10 million people. "There are free courses on my channel. Technical strategy, risk management, it's all there." The goal isn't just about views or fame, though he's candid about enjoying both. "Everyone likes to be famous," he admits. But there's more to it. "People want to connect with me. They want to learn from my struggles." The channel remains a key platform for inspiring India's youth, many of whom jump into trading without understanding its complexity. "Don't think it is like gambling or a get-rich-quick scheme," he warns. "Get some capital for experimentation. Learn to generate ROI. Then think about bigger capital." Despite the explosive growth and bold plans, Anish remains clear-eyed about the grind. He admits that no piece of advice could have truly prepared him. "Even if someone gave me the best advice, I wouldn't have listened. All the mistakes I made, they made me who I am." That authenticity—rare in a landscape crowded with polished personas and rented Lamborghinis—may be the core of Booming Bulls' appeal. It's not just about profit. It's about process, discipline, and growth. As he steps into this new chapter, Anish Singh Thakur is ready to rewrite what it means to be a trader in India. "I want my public image to be that of a trader who is trading on YouTube live and promoting education also," he says. That dual identity, as trader and teacher, performer and professional, has carried him this far. But even as he expands operations and starts deploying millions of dollars, some things haven't changed. The foundation is still there: real trades, real results, real talk. In his own words: "I never make any scripts. I just go there, use my real-time experience, and then give them the best knowledge and value." For a world increasingly jaded by hype, that might just be the most valuable strategy of all.
Reuters
6 days ago
- Business
- Reuters
Indian equity benchmarks set to open higher tracking Asian stocks
June 5 (Reuters) - India's benchmark indexes are likely to open higher on Thursday, mirroring gains in Asian peers, while Treasury yields and the U.S. dollar dipped. Gift Nifty futures were trading at 24,733.5 as of 8:00 a.m. IST, indicating a firm start above Nifty 50's (.NSEI), opens new tab previous close of 24,620.2. MSCI Asia ex Japan (.MIAPJ0000PUS), opens new tab was up 0.8%, led by South Korean shares, which rose to an 11-month high on post-election optimism, and Hong Kong stocks. U.S. stocks ended mixed overnight, while Treasury yields and the dollar fell, as data showed a contraction in the services sector for the first time in a year. Investors now await U.S. employment data due later in the week. Yields move inversely to prices, and lower yields bode well for equities in emerging markets such as India. Foreign investors snapped a three-day selling streak in India on Wednesday as they bought shares worth 10.76 billion rupees ($125.3 million), as per provisional data. Meanwhile, domestic institutional investors remained buyers for the twelfth session in a row. Back home, investors are waiting for the Reserve Bank of India's policy decision on Friday, where it is widely expected to cut key lending rates by 25 basis points for a third straight meeting. ** Hindustan Aeronautics ( opens new tab says it is in talks with General Electric engines for the LCA Mark 2 aircraft, adds it is not negotiating with any other companies for the engine ** The National Company Law Tribunal approves the merger of Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer ( opens new tab ** Force Motors ( opens new tab posts rise in both domestic and total sales in May ** Gland Pharma ( opens new tab says France's medical regulator issued a final report with 11 observations for Cenexi's manufacturing unit
Times of Oman
6 days ago
- Business
- Times of Oman
Trade deal hopes with US lent support to Indian stocks; Sensex rises after 3-day slump
New Delhi: Snapping three-day losses, Indian stock benchmarks settled in the green on Wednesday, on hopes that the India-US trade deal is on the anvil as was indicated by Trump's commerce secretary. Firm US stock indices also lent support to Indian stock benchmarks. The Sensex is now some 5,000 points below its all-time high of 85,978 points. At one time, it had fallen about 13,000 points from its high. FPI buying has supported the indices of late. Most of the sectoral indices were in the green today, with Nifty metal and Nifty oil and gas rising the most. Global gold prices were also in the green today. At the time of filing this report, per ounce gold was quoted at USD 3,384, up 0.2 per cent. Going ahead, investors now await further updates on India-US trade deal negotiations and the RBI monetary policy outcome on Friday. "The strong fundamental factors that will support the market are India's robust and improving macros and sustained flows into mutual funds, particularly the SIP inflows which are steady and growing. This reflects the coming of age of the Indian retail investor," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. "An important takeaway from the Q4 results is the outperformance of the midcaps relative to largecaps and smallcaps," Vijayakumar added. "Since CPI inflation in India is benign the rate cutting cycle has more room to go with minimum two more rate cuts in 2025." Another good news for the financial markets is that foreign portfolio investors (FPIs) have turned net sellers in Indian stock markets for the second straight month in May. FPIs had fuelled the latest bull run in the stock market, after a sharp slump. Indian stock markets outperformed global markets over the past few weeks, as volatility continued to reign in global markets over possible forthcoming US reciprocal tariffs. A comfortable inflation number in India also somewhat supported the domestic equity indices. In 2024, Sensex and Nifty accumulated a growth of about 9-10 per cent each. In 2023, Sensex and Nifty gained 16-17 per cent, on a cumulative basis. In 2022, they gained a mere 3 per cent each.
Skift
03-06-2025
- Business
- Skift
The Leela Has Soft Debut, but Now Has IPO Cash
The Leela did everything right - the product was impeccable and the marketing was on-point. But it might have been betrayed by the intimidating "largest-in-Indian-hospitality" IPO size. The Leela's parent company Schloss Bangalore debuted on the Indian stock exchanges Monday at INR 406 ($4.74) - 7% below its IPO price. By Tuesday's close, it had only modestly recovered. The muted investor response comes despite high anticipation for the $400 Million IPO of the luxury chain – the largest in the Indian hospitality industry. Other recent travel IPOs
