Latest news with #Srihari
Fashion Value Chain
21 hours ago
- Business
- Fashion Value Chain
CoinSwitch Sets New Standard in Derivatives Trading with Crypto Options Launching at Lowest Fees
CoinSwitch, India's largest crypto trading platform with over 2 crore users, announces the launch of Crypto Options for its users. Designed to meet the needs of a new generation of traders, this new offering brings together industry-low fees, real-time settlement, and 24×7 trading access in all market conditions, delivering a powerful and seamless experience for users looking to explore advanced trading strategies. With the introduction of Crypto Options, CoinSwitch is redefining how Indian users engage with crypto derivatives. These option contracts give users the right, but not the obligation, to buy (via call options) or sell (via put options) a crypto asset at a predetermined price before a set expiry date. Some of the key features include: Multiple Expiries: Users can choose from 11 expiry options, including daily, weekly, monthly, and quarterly alternatives offering much more flexibility than the traditional equity markets Lowest Fees in the Industry: Users can now enjoy maximum profitability with trading fees starting at just 0.015% – the lowest in the crypto industry 24×7 Trading: Users can trade around the clock with no market closures, ensuring continuous access to opportunities across all market conditions-be it bullish, bearish, or sideways Minimum Investment: Users can start trading with a small lot size; as small as 1 USDT (approx. Rs. 90), making it accessible for every trader Instant Settlement: Users can settle their trades instantly with seamless trading experiences – an advantage not typically available in traditional equity markets High Implied Volatility: Users can now take advantage of annual volatility ranging between 50% and 75%, unlocking higher trading potential 'Crypto options open up a whole new world of trading opportunities-whether youre looking to hedge your portfolio or make the most of market volatility,' saidBalaji Srihari, Vice President, CoinSwitch. 'With this launch, we're aiming to strike the right balance-offering experienced users the advanced tools they need, while also making the experience intuitive and seamless for those who are just starting to explore. Our goal is simple: to make advanced trading more accessible, and a lot less intimidating for our users,' he added. Unlike equity options, CoinSwitch's Crypto Options come with no market closures, lower barriers to entry, and streamlined execution-making them a uniquely powerful instrument for both seasoned traders and new users exploring derivatives. For more information, please visit About CoinSwitch Founded in 2017, CoinSwitch is Indias largest crypto trading platform and a pioneer in shaping the country's crypto ecosystem. With over 2 crore users, CoinSwitch operates a regulatory-compliant platform that simplifies and enhances crypto trading for both retail and professional investors. Backed by global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India to the tune of $300 million, CoinSwitch offers 350+ coins on its platform. CoinSwitch is a PeepalCo product and is ISO/IEC 27001:2022 certified and Financial Intelligence Unit – India (FIU- IND) registered. About PeepalCo PeepalCo is a house of brands serving India with tailored wealth-tech products aimed at Making Money Equal for All. Founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, PeepalCos products include CoinSwitch and Lemonn. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
The Hindu
4 days ago
- Sport
- The Hindu
Why is Srihari Nataraj's gold-winning effort in 200m freestyle not classified as National Record?
Srihari Nataraj won the gold medal in 200m men's freestyle at the Singapore National Swimming Championship on Sunday. The 24-year-old, who represented India at the Tokyo and Paris Olympics, clocked 1:48:66s at the Singapore Sports School. This time was faster than the existing National Record which was set by Sajan Prakash in 2018. However, Srihari will not be credited with the NR with his performance. What is the difference between National Record and Best Indian Performance in swimming? Srihari's timing in Singapore was fast enough to earn it the 'Best Indian Time' or the 'Best Indian Performance. But, despite it being quicker than Sajan's existing National Record in 200m freestyle (1:50.35s), which was set in 2018, Srihari will not be the holder of a new NR. Why? Because the Swimming Federation of India (SFI) doesn't count the timings in overseas events for National Records. According to SFI senior vice-president Virendra Nanavati, a timing will only be considered as a National Record if its set in the National Aquatics Championships organised by SFI. This can happen in three age categories: sub-junior, junior, and senior. If an Indian swimmer does well in any other internationally-recognised event, even if it is the Olympics or the Asian Games, their timings will be called as a 'Best Indian Performance'.
Indian Express
20-05-2025
- Sport
- Indian Express
Grandmaster Shyamsundar Mohanraj is on a quiet quest to produce more Indian GMs
'I was super desperate to start producing grandmasters for the country,' declares GM Shyamsundar Mohanraj in a soft, yet determined, voice right after guiding Srihari LR on his quest to become a grandmaster. Last week, the Chennai-based Srihari became India's 86th grandmaster, separated from India's 85th by a gap of just over a year. 'It's been a year since India has had a GM. In India we have too many talented players so it's a pity that we have not had a GM for so long. There are so many guys who are within touching distance of the title,' he laments. The grandmaster title is the one of the hardest-earned ones in the sport of 64 squares. It's a recognition of talent and aptitude but has to be earned by earning three norms at three different tournaments and crossing a rating threshold of 2500. Srihari's 10-month-long struggle to get the final grandmaster norm reminded Shyamsundar of his own long wait to get past the finish line. The story goes that back in 2012, he had ticked off all three norms, but his coronation as a grandmaster was held up because he was just 0.2 points away from the 2500 rating. 'I know the pain of the players who struggle so hard to become grandmaster. I was 2499.8 at some point and needed just 0.2 points. It took me six months to get that 0.2 rating. There were times when I was going to play in a tournament and had I withdrawn from that, I would have become a GM because the ratings would have been rounded off to 2500 in the next published rating list. But that's not how I wanted to become a grandmaster. Becoming a grandmaster is just one of the things in chess. I knew I would become a GM anyway. But my goal was not just to become a GM. I wanted to become a GM in a proper way,' Shyamsundar tells The Indian Express. He has brought this never-settle quality in his coaching as well and is hoping to influence his wards. When Srihari became a GM last week, in his post on Instagram wishing the teenager, Shyamsundar reminded him that now the time had come to focus on the next goal. As he explains, these days becoming a grandmaster comes with certain perks and financial opportunities that could sidetrack you and make you ease up on the hunger to forge ahead. He's already mapped out the changes he wants Srihari to bring in his playing style: trying to make him a more universal player, rather than just being a solid player. 'Being solid is good, but it's not enough for anyone to get to the next level,' he says about Srihari. 'I want to make him a universal player, good at dynamics and positional chess. It's tricky, because I want him to lose his ability to grind out results. I want to fine-tune his way of playing.' The other lesson Shyamsundar, who is an Asian Junior Champion and Commonwealth medalist, learnt from his own career was how to deal with the pressure that comes when you're close to the finish line. He admits that the pressure to get the GM title took a toll on him. He had sponsors promising him to invest in him once he became a GM. But that thought of getting the title quickly weighed heavy on his mind. Eventually, when he reached there six months later than he could have, and looked back, there were no sponsors in sight. Eventually, as a GM, there was a phase where he played with no job and no sponsors backing him. Every game won in a tournament would help plot an assault on a tournament in the future. A loss would pinch the pocket. Having experienced these pressures first-hand, he made the conscious decision to take a break from his academy Chess Thulir in Chennai and travel to UAE for three tournaments over a 45-day period — Sharjah and Dubai following the Al Ain event — with a merry gang of six players: two GMs (Bharat Subramaniam and Pranav V) and four IMs (Srihari, Muttaiah, Aswath S and Ilamparthi AR.) All four, he stated, were close to becoming GMs with most of them needing one or two norms. They train hard, but also spend plenty of time playing other sports and cooking in each other's company to take the edge of their professional pursuit. He has gathered a band of talented youngsters who are all on the ascendancy. Aswath S last month won the Grenke Open in Germany despite being seeded 38th after scoring 8/9 and securing his first norm. He also crossed 2500 so he needs just two norms to become GM. Muthaiah AL also has two norms, and needs just 30 rating points and a final GM norm. Ilamparthi has two norms and has crossed 2500 so he's awaiting just one more norm. At the recent event in Al Ain, he took down grandmaster Tabatabaei M Amin, and just when it looked like he could get his final norm too, he faltered. 'Ilamparthi was ill at the end of the tournament so he could not convert winning positions. If he had, India could have had two GMs being confirmed on the same day,' says Shyamsundar. Since the pandemic, the world has looked towards Chennai as the world's fastest churning conveyor belt of grandmasters. From the much-vaunted houses of RB Ramesh, Srinath Narayanan and Vishnu Prasanna have arrived the country's top talent causing seismic tremors in the sport. Gukesh, the youngest world champion in the history of the sport, and Leon Luke Mendonca worked with Vishnu. Ramesh shaped the world-beating sibling duo of Praggnanandhaa and Vaishali besides players like Aravindh Chithambaram and Karthikeyan Murali besides also working with Leon. Srinath moulded players like Arjun Erigaisi and Nihal Sarin. Now, in the form of Shyamsundar comes another grandmaster from India's in-between generation — the group between Viswanathan Anand and the golden gen of Gukesh-Pragg-Arjun — to step up to create more grandmasters.
Indian Express
17-05-2025
- Sport
- Indian Express
Srihari LR, the grinder who became India's 86th grandmaster
About two years ago, a teenager arrived at grandmaster Shyamsundar Mohanraj's house for a routine one-to-one session. But in the span of a few hours, some things about the boy became apparent to Shyamsundar: he was one of the most positive-thinking players he had met, and he was a grinder on the board, looking to fight on even if chess theory suggested that the game was destined to end in a draw. About two years after Shyamsundar became that teenager's full-time coach, that boy, Srihari LR, assured himself the grandmaster title with an incredible performance at the Asian Individual Men's Chess Championship, which ended on Thursday at Al-Ain in the UAE. The Chennai-based Srihari, thus, becomes the country's 86 grandmaster. All top chess players have ingredients that helped them zoom to the top. The biggest attributes that have helped Srihari get to the GM title, his coach says, are his confidence and his ability to draw water from stone by grinding it out on the board until the opponent errs. These attributes were apparent from very early on when they worked together. 'Srihari was quite a confident child when I first met him! And he was also an extremely solid player, who didn't lose very often, even when playing against stronger opposition. So, this was a very good quality. But since then, he's sharpened these things and made it stronger over a period of time,' Shyamsundar told The Indian Express from UAE. 'While he was good in tactics and calculations, I liked his quality of grinding out results. He really can grind something out of nothing against tougher oppositions.' Shyamsundar explained that last month, Srihari was competing in a tournament in Hungary where he was playing a game where a draw seemed a foregone conclusion since there was a rook and four pawns on the board. But Srihari had kept on battling to the point that his opponent had erred and suddenly the Indian had an edge. He also added that Srihari's confidence in his own abilities helps him rarely have any self-doubt during games. And even if there is a defeat, he's not someone who takes them to heart. Getting to the grandmaster title became a bit of a challenge for Srihari: he got his first GM norm at the Qatar Masters in 2023 and the second at the Chennai GM Open in 2024. And while he had crossed the 2500 rating threshold in the published ratings in August 2024, it took him almost 10 months to take the final step. 'It's always tricky to get the final norm for all players. Your need to earn that final norm makes you take certain risks in games even if the tournament situation suggests otherwise. He struggled for nearly 10 months to a year to get his final norm. It was very challenging. He tried playing in many round robin events (to get the final norm over with) but they did not work out well,' said Shyamsundar. After the third norm was achieved, Shyamsundar posted a curious message on his Instagram post while congratulating India's 86th GM. Besides the usual congratulatory message, Shyamsundar added: 'Time to focus on the next bigger goal.' Ask him what he meant by the 'next bigger goal', Shyamsundar said that he wanted to make Srihari a 'more universal player'. His reasoning for this is that after becoming a grandmaster, Srihari will now play much better rated players who are unlikely to make mistakes even if Srihari tries to pressure them by grinding out a result. 'My next bigger goal is to fine-tune his way of playing. I'm trying to focus on the next larger picture: For that, I wanted to change some of his playing style,' Shyamsundar said before elaborating: 'Being solid is good. But only solid is not good enough to reach the next level. So, I have to bring in some dynamic play in him. Slowly, I want to make him a universal player: a player who is good at positional chess. It's a bit tricky and very challenging because in this process, I also want to ensure that he doesn't lose his solid chess, the ability to grind out results. So, it's a bit tricky. But it's not very very difficult either.' Amit Kamath is Assistant Editor at The Indian Express and is based in Mumbai. ... Read More
Hindustan Times
15-05-2025
- Sport
- Hindustan Times
Group prep, cricket sessions & a coach on a mission: How India got its 86th GM
Bengaluru: In the oasis town of Al-Ain in Abu Dhabi, a group of young Indian chess players from Tamil Nadu have been training together, exchanging opening ideas, rigging up quick cricket sessions with squeeze balls and exam pads inside their coach's hotel room, and chasing GM norms. One of them — 19-year-old Srihari LR — checked off his final GM norm at the Asian Individual Men's Chess Championship, held in the eastern part of the UAE, becoming India's 86th Grandmaster. Between 2020 and 2023, India churned out 19 Grandmasters. Seven of them in 2023 alone. In 2024, just one new Indian GM was added – 32-year-old Shyaam Nikhil, whose final GM norm arrived after over a decade. After over a year's wait, India now has a new GM. Srihari picked up his first GM norm in 2023 and crossed 2500 Elo in the published ratings (one of the requirements for a GM title) last year. He arrived in Al-Ain in the hunt for his final GM norm. Academy mate Ilamparthi AR too had similar ambitions. The 16-year-old, though, ended up missing it after a draw in the penultimate round. The Sharjah Open, which starts on May 16, is his next best bet. For coach Shyam Sundar, the decision to leave his academy in Chennai behind and travel with six of his trainees — four International Masters and two Grandmasters, Bharath Subramaniyam and Pranav V, who became world junior champion in April — for a slew of tournaments in the Middle East for over a month (starting with the Baku Open in late April to the Dubai Open ending in early June) stemmed from what he describes as 'desperation'. 'It's been a while since India has had a GM,' Shyam told HT, 'We need a steady trickle of new GMs to get more players into the game. It's hard to be away from my academy for over a month but I was super desperate to create new GMs. I thought I'd travel with the players and see what best I can do. Having a coach around can make a difference. Apart from Ilamparthi, there's Aswath who needs two more GM norms and Muthaiah who needs one norm and roughly 15 Elo points.' In Al-Ain, Srihari faced Grandmasters in eight of the nine rounds, defeating both former and reigning world junior champions — Abhijeet Gupta and Pranav — and losing only one game, to fellow Indian PA Iniyan in the final round. Srihari earned his first GM norm at the 2023 Qatar Masters, a tournament where he was paired against a certain Magnus Carlsen in Round 1. What followed was an instructive lesson for the young Indian and a fine 23-move win for the five-time world champion. The Indian teen's second GM norm came at the 2024 Chennai GM Open. 'Chasing GM norms often takes a toll on players,' says coach Shyam, 'Srihari tried his luck in round robin events earlier to get his final norm, but it didn't work out. The pressure builds as the wait grows. It can affect the way you play too. Srihari, for instance, is an extremely solid player. But after his second GM norm, perhaps the pressure to get to a GM title soon led him to change his style and be more dynamic. It backfired so I asked him to hit pause and just get the final norm out of the way rather than changing his style under pressure.' To get the group to blow off steam between rounds, the 32-year-old coach kept up their cricket-playing tradition. a regular fixture at the 'Chess Thulir' academy. When they were huddled together with laptops discussing openings, Shyam's spacious hotel room in Al-Ain served as the setting for two-hour cricket games with soft foam squeeze stress balls and clipboard exam pads for bats. 'Sometimes these guys carry TT rackets to serve as bats,' says Shyam, 'but this time we used exam pads. It's also a way to get them to bond, and not let the pressure of norms get to them.' Apart from Bharath, the others don't have sponsors covering expenses. 'So, we divide it up among ourselves since we're travelling together.' On days any two of his trainees play each other, Shyam usually sits it out and lets them make their own decisions. He's pleased with what he's built so far. 'What really moved me was seeing these guys share their PGN files with each other on our Whatsapp group during the tournament. It's pretty rare to see players do that.'
