Latest news with #KKR
India Today
an hour ago
- Entertainment
- India Today
Stupidity and the C word: Shreyas Iyer's and the philosophy of Langda Tyagi
If Langda Tyagi were a cricket fan, he'd be tempted to remind Shreyas Iyer of his iconic philosophy - only a thread separates stupidity and the C word. Pull the string and you struggle to figure out what's stupidity and what's cricket. For nothing else explains Shreyas Iyer's cricket current evidence, Iyer is one of Indian cricket's bahubalis, a worthy successor to Virat Kohli's Omkara. He has the same swag, the same middle-finger-up mindset, and the game to back it up. His big-game performances reveal, if not rival, the Kohli template - hunger to fight for India's honour, and decimate the 2023 Cricket World Cup, he amassed 530 runs in 11 innings at an average of 66.25, with a strike rate of 113.24, including two centuries and three fifties. He was the first middle-order batter to score over 500 runs in a single World Unsung ICC Hero In the 2025 ICC Champions Trophy, Iyer scored 243 runs at an average of 48.60, with three fifties, emerging as India's top batter and the tournament's second-highest run-scorer, contributing significantly to India's title win. His ability to dominate spin and deliver in high-pressure knockout games was key to India's triumph. But his performance was forgotten like Bipasha Basu's item numbers in Omkara - entertaining but just a rite of in Bollywood, cricketing fame is reserved for the A-listers. Iyer's contributions have been eclipsed by the defiance of Kohli, the derring-do of Rohit, the magic of Jasprit Bumrah, and the T20 brilliance of Surya Kumar as Dolly Mishra says in Omkara, even when the moon's half, it is still the L FactorIt is evident Iyer has the wretched luck of Langda Tyagi, the sharpshooter upstaged by a college kind in Vishal Bharadwaj's cult classic career has been plagued by injuries and off-field controversies. From the cusp of greatness, he has been pulled back many in the IPL, Iyer keeps reminding us of his resilience and luck - the lack of it. He is a successful IPL captain – the only one to lead three franchises to the play-off stage. His batting has the same selfless spirit that defines Rohit Sharma's exploits. And, like Bumrah, he is an exemplar of come-backs - someone who has risen above recurrent injuries and reclaimed his uncelebrated 2020, Iyer became the only captain to guide Delhi Capitals to their maiden IPL final, where they lost to Mumbai 2021, a shoulder injury forced him to miss the first half, with Rishabh Pant taking over as captain. Despite returning for the second half, DC management retained Pant as captain (who ditched them later.)In 2022, Kolkata Knight Riders acquired and appointed him captain. After a disappointing 2022, Iyer missed the next season due to a back injury, with Nitish Rana leading returned in 2024 to lead KKR to their third IPL title, their first in a decade. But Iyer was surprisingly released by KKR before the 2025 auction, reportedly due to a 'lack of communication' with the Iyer was dropped from the BCCI central contract, allegedly for ignoring domestic cricket. It was punishment for a luxury that has been offered to many other contemporary entire idea of domestic cricket has been shown up for what it is—a farce. Many consistent performers on the domestic circuit are ignored in favour of IPL performances. In hindsight, it seems, his exclusion was just a ruse to sideline him for reasons the future would Omission Test SquadIyer's Test career is a testament to his fate, written perhaps with, as Langda ruminates, an equine Iyer has played 14 Test matches and batted in 24 innings, scoring 811 runs at an average of 37 with 1 century and 5 Read: Gautam Gambhir avoids question on Shreyas Iyer's Test exclusion: I am not selectorHis average is better than half the Indian side touring England this summer. The only explanation for his exclusion is his perceived weakness against short balls. But Iyer's recent exploits suggest he has worked on this defining principle behind the selection of the Indian squad for England is hope, the optimism that players with a lesser record despite more opportunities will recent form, record, and experience made Iyer a safe bet for the as Omkara opined, Sarat ghodon pe lagate haiSandipan Sharma, our guest author, likes to write on cricket, cinema, music and politics. He believes they are Watch
India Today
an hour ago
- Sport
- India Today
Ashwani Kumar's growth impresses Jayawardene: He's handled every challenge well
Mumbai Indians (MI) head coach Mahela Jayawardene was full of praise for left-arm seamer Ashwani Kumar, following his marvellous show in the ongoing season of the Indian Premier League 2025 (IPL 2025). Kumar has scalped nine wickets from six innings so far at an average of 19.66. He registered figures of 1/28 in 3.3 overs in the Eliminator fixture against Gujarat Titans (GT) and dismissed Shahrukh made his debut in the ongoing season against Kolkata Knight Riders (KKR) and picked up 4/24 in three overs, winning the Player of the Match award. Amid Ashwani's rapid rise, Mahela Jaywardene extolled the 23-year-old seamer, mentioning his ability to rise to every challenge.'Ashwani is a great talent. This season, he's handled every challenge we've thrown at him really well. He hasn't played much state cricket, but the skill was obvious when we first saw him. We've given him simple plans to avoid confusion, and he's had strong support from players like Boom (Bumrah), Deepak, and Hardik. Execution under pressure is what matters, and he's done that,' Jayawardene said in the post-match press conference. Furthermore, Jayawardene said that it's just the beginning and there's a lot more to come from in the GT game when he came on as a concussion sub, and in the KKR game, he bowled brilliantly. We use him tactically based on opposition, and he continues to learn. This is just the beginning — there's much more to come from Ashwini, and we're committed to grooming him the right way,' he also scalped 2/28 in Match 56 against Gujarat Titans (GT), albeit in a losing cause. Meanwhile, Mumbai Indians beat GT by 20 runs in the Eliminator fixture. After opting to bat first, MI posted a massive score of 228/5 in their allotted 20 overs as Rohit Sharma played a magnificent innings of 81 (50).In reply, GT were restricted to 208/6 in their 20 overs and got knocked out of the tournament. They will next take on Punjab Kings (PBKS) in Qualifier 2 on Sunday, June updated on IPL 2025 with India Today! Get match schedules, team squads, live score, and the latest IPL points table for CSK, MI, RCB, KKR, SRH, LSG, DC, GT, PBKS, and RR. Plus, keep track of the top contenders for the IPL Orange Cap and Purple Cap. Don't miss a moment!
Time of India
8 hours ago
- Business
- Time of India
PE-VC investments in May CY2025 hit hard, down to $1.5bn
Chennai: Private equity-venture capital (PE-VC) investments in May witnessed a sharp fall. It fell 48% over April (CY2025) at $2.9 billion and plunged by $2.3 billion when compared with May last year (CY2024) at $3.8 billion. The investments as on May 30, 2025, exclude those from the real estate sector. 'Buyouts have been a key driver of the value of PE investments in recent years. Even in the first quarter of 2025, global PE firms like KKR and TPG, as well as home grown firms like Multiples PE and Everstone have executed significant such control transactions. The pace of large buyout announcements have significantly slowed down in the last couple of months - contributing to the decline in PE investment value,' Arun Natarajan, founder, Venture Intelligence told TOI. Assuming the global economic turbulence settles down, we can expect more confident bets by both Indian and international investors, he added. In May, Porter, an on-demand logistics platform, raising $200 million in a Series F round led by Kedaara Capital and Wellington Management topped the PE-VC investments. It was followed by private equity fund Norwest announcing that it has led a Rs 1,465-crore investment in the non-bank lender IKF Finance. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologista recomenda: simples truque elimina o fungo facilmente Acabe com o Fungo Undo Growth in the PE-VC investment sector was also flat during the Jan-May period of CY2025 at $13.5 billion against $13.2 billion during the corresponding period last year, data released by research firm Venture Intelligence on Friday showed. It was dominated by institutional investments in late stage companies that are more than 10 years old at $3.9 billion. Apart from global macro uncertainty, factors including shift in investors sentiment, who are being more cautious with capital deployment influenced investments, according to analysts. Ashutosh Kumar Jha- general partner at Expert Dojo, a US-based startup accelerator and VC firm said, many VC and PE funds have shifted their focus from volume to value. 'These dips aren't always bad news. Sometimes, they just mean investors are thinking harder about where to place their bets.' Noting that dominance of late-stage deals indicate that investors are doubling down on companies that have proven business models and closer to profitability or IPOs, he said, 'Growth looks flat, but this phase could be laying the groundwork for a healthier and more disciplined investment cycle in the second half of the year,' he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
15 hours ago
- Business
- Time of India
Dalmia Bharat gets SC relief in ₹500 crore KKR investment tax dispute
The Supreme Court has put a hold on income tax reassessment proceedings against Dalmia Bharat and its subsidiaries. This involves a Rs 500 crore investment by KKR Mauritius Cement Investments in Dalmia Cement back in 2010-2011. The court is seeking a response from the income tax department regarding the reassessment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Supreme Court on Friday stayed the income tax department 's decision to initiate reassessment proceedings against Dalmia Bharat and its two subsidiaries - Dalmia Cement (Bharat) and Dalmia Power - for assessment year issue relates to an investment of Rs 500 crore made by KKR Mauritius Cement Investments KKR ) in Dalmia Cement (Bharat) in financial year 2010-2011 (Assessment Year 2011-2012). KKR was allotted 37.92 million equity shares, accounting for 14.99% of the stake in the company. The shares were bought back by Dalmia Bharat (DBL) in 2016 for Rs 1218 crore.A Bench led by Chief Justice BR Gavai sought response from the income tax department on three separate appeals by Dalmia group firms challenging the Madras High Court's order upholding the income tax department's reassessment and its two subsidiaries argued that the transaction of the alleged purchase of shares by DBL from KKR is not even applicable in the relevant AY - 2011-2012 as there wasn't even a buyback. It was a simple sale transaction from KKR to DBL, senior counsel D Seshadri Naidu, appearing for the companies, submitted that even the jurisdictional requirement of Section 147 of the Income Tax Act, as to 'where income chargeable to tax has escaped assessment' is not satisfied in the Reasons for Reopening (Explanation 2 to section 147 of the IT Act).The Reasons for Reopening do not even justify reopening of the assessment after a period beyond four years, the appeals filed through counsel Mahesh Agarwal from the fact that all investments were through banking channels and RBI approvals, the investment itself was disclosed in the audited accounts with the Ministry of Corporate Affairs (compliances under Companies Act, 1956) and Reserve Bank of India for compliances under Foreign Exchange Management Act, 1999, the companies said.'Details of KKR's investments in petitioner, therefore, have been disclosed to various regulatory authorities, including the tax authorities in the relevant AY 2011-2012,' the appeals stated, adding that the Reasons for Reassessment are 'wholly vague and ambiguous.'Dalmia told the SC that no income is alleged to have escaped assessment on account of the investment KKR. On the contrary, the department had alleged that the shareholding of KKR in DCBL has been bought back by DBL from KKR at a value more than Rs 1200 crore and the whole transaction needs to be investigated properly to find out if any black money has been used and whether transaction had escaped any income tax Assessing Officer (AO) had proposed to reopen the tax assessments of the three companies as this amounted to round-tripping, the counsel the tax reassessment proposal, the companies had moved a single-judge bench of the HC, which had ruled against reopening on the grounds that Dalmia Cement (Bharat) had disclosed the investment made by KKR in their tax returns. However, the division bench ruled to the contrary relying on the AO's materials that prima facie indicated that KKR was a shell company and there was also round tripping.
Bloomberg
a day ago
- Business
- Bloomberg
Thames Water Enters Key Month to Hammer Out Terms of Rescue Deal
Thames Water's financial rescue is entering a decisive month, as suitors haggle over creditor losses and the future of the indebted utility. US infrastructure giant KKR & Co. and a group of the company's creditors including Silver Point Capital and Elliott Management are due to submit their plans for fixing Thames to regulator Ofwat by the end of Friday. Negotiations are expected to run throughout June with agreement in summer — but for that, the successful bidder will need to cut a deal with the debtholders that currently control the company on the scope of their losses.
