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India crush Pak for stronger hold in Asia Cup

3 weeks 6 days ago
India turned up in style at the Dubai International Cricket Stadium, handing Pakistan a crushing seven-wicket defeat in their Asia Cup Group A clash on Sunday. From the very first over, the contest looked one-sided, with India’s bowlers dictating terms and the batters wrapping things up with ease.Pakistan’s decision to bat first backfired almost instantly. Hardik Pandya struck with the very first legal delivery of the game to remove Saim Ayub, before Jasprit Bumrah got rid of Mohammad Haris in the following over. At 6 for 2, Pakistan were already on the back foot, and India never let them recover.Kuldeep Yadav was at his magical best, finishing with figures of 3 for 18, while Axar Patel chipped in with 2 for 18. The duo squeezed Pakistan’s middle order, leaving them struggling to find momentum. Only Sahibzada Farhan showed some resistance, grinding his way to 40 from 44 balls.Late in the innings, Shaheen Afridi swung his bat with freedom, smashing 33 not out off just 16 deliveries. His knock ensured Pakistan at least crossed 125, finishing on 127 for 9 in their 20 overs.India vs Pakistan: Chasing Made EasyIndia’s reply was clinical. Skipper Suryakumar Yadav anchored the innings with an unbeaten 47 off 37 balls, while Abhishek Sharma’s blazing 31 from just 13 deliveries provided the fireworks. Tilak Varma also chipped in with a steady 31, guiding India towards the target with calm assurance.The chase was wrapped up in just 15.5 overs, with India cruising to 131 for 3 and sealing a dominant win.India vs Pakistan: Brief ScoresPakistan: 127/9 in 20 overs (Sahibzada Farhan 40, Shaheen Afridi 33*; Kuldeep Yadav 3/18, Axar Patel 2/18)India: 131/3 in 15.5 overs (Suryakumar Yadav 47*, Abhishek Sharma 31, Tilak Varma 31; Saim Ayub 3/35)

Russia witnesses growing interest in Hindi

3 weeks 6 days ago
Three decades after the Soviet Union collapse, Russia is witnessing a growing interest in students wanting to learn Hindi and the government is increasing the number of institutions teaching the language. Russia's Deputy Minister of Science and Higher Education, Konstantin Mogilevsky said "We want more of our students to learn Hindi". "India is the world's most populous country today, and more and more Indians are starting to use Hindi in their daily lives instead of English. We need to learn Hindi and other Eastern languages," Mogilevsky told the Russian News Agency TASS. Russia's Higher Education and Science Ministry has registered a growing interest in students wanting to learn Hindi and is already taking steps to extend the number of educational institutions teaching the language. Indira Gaziyeva of Russian State University of Humanities (RSUH) said the Russian print and electronic media "mostly reflects the Indian realities through the Western narrative". "The younger generation of Russians are taking interest in deeper study of modern India and its ancient civilisational heritage," she said. The Russian Ministry of Education and Science plans to create more opportunities for students to study oriental languages. In particular, this concerns Hindi, the demand for which among modern students has already grown significantly. "Young people who want to study Hindi today have more opportunities than before. In Moscow alone, there is MGIMO School of International Relations, RSUH, the Institute of Asian and African Studies of Moscow State University and the Moscow State Linguistic University," Mogilevsky was quoted as saying by TASS. "Hindi is also taught at St. Petersburg State University, Kazan Federal University and other universities.The number of students enrolled in Hindi courses is increasing, and the number of groups is two to three times larger," he added. After the Soviet collapse, the oldest boarding school teaching Hindi in Moscow was shut down by the city government, because it found teaching Hindi redundant at a time when Radio Moscow had shut its Hindi broadcasts and "Progress" and "Raduga" publishing houses had ceased to publish translations of Russian authors. The Moscow International Book Fair held earlier this month had invited India as the " Guest of Honour Country". Local scholars of India had warmly welcomed the release of the unique "Hindi-Russian Idioms Dictionary", a collective project of several Indian scholars and translators containing around 2000 Hindi idioms. "Throughout our work we kept in mind that the dictionary is bilingual and is being made for those learners of Hindi whose language, traditions, geographical topology etc. are quite different from ours, and the meanings given in the dictionary should very clearly explain when and how each idiom can be used," one of the lead compilers of the dictionary Pragati Tipnese told PTI. She told about the immense interest in the Hindi-Russian Idioms dictionary from Russian institutions that teach Hindi and said the Indian Council of Cultural Relations (ICCR) is considering to help them to procure this dictionary.

British boxer Ricky Hatton, 46, dies: Report

3 weeks 6 days ago
British boxer Ricky Hatton has died at the age of 46, the BBC reported on Sunday. Former world champion Hatton won titles at light-welterweight and welterweight, before retiring in 2012. He had been due to make a comeback for an event in Dubai later this year. Greater Manchester Police said in a statement that a body had been found on Sunday morning at an address in Hyde in the northern English city. "The death is not being treated as suspicious," the police spokesperson said. Hatton had 45 wins in 48 bouts over his career but in the years after he retired he said he had tried to kill himself several times and had been open about his struggle with depression, drink and drugs. "I was coming off the rails with my drinking and that led to drugs. It was like a runaway train," he told BBC radio in 2016. Hatton's best performance came in 2005 when he stopped Australian Kostya Tszyu to add the IBF light-welterweight title to the WBU belt he already held. He had a perfect 43-0 record until he was floored by Floyd Mayweather Jr in Las Vegas in 2007 and was never the same again.

Warren Buffett’s cautionary tale: Why investors still chase ‘oil in hell’

3 weeks 6 days ago
Warren Buffett has long warned that markets are not always rational, and one of his most enduring illustrations is a parable handed down from his mentor, Benjamin Graham: “Oil discovered in hell.”The story goes like this. An oil prospector arrives at the gates of heaven, only to be told by St. Peter that the section reserved for oil men is already full. The prospector asks to deliver just four words to those inside. Granted permission, he shouts, “Oil discovered in hell.” Instantly, every oil man rushes off, leaving heaven empty. When St. Peter offers the prospector a place, he declines, reasoning he might as well follow the others, after all, there may be truth in the rumour.A parable with teethBuffett, the chairman and CEO of Berkshire Hathaway, had invoked this story not as comic relief but as a sharp commentary on investor behavior. “If there was oil discovered in hell,” he once said, “all of the oil men would march there.”The lesson, Buffett explained, is that markets are often driven less by careful analysis than by crowd psychology. Fear of missing out, the belief that someone else knows better, and the pull of the herd can overwhelm reason. Even the prospector, who invented the rumour, ultimately succumbed to the same irrational lure.Crowd over calculationsFor Buffett, the tale underscores a truth about institutional investing. Despite armies of analysts and sophisticated models, large investors frequently “chase trends, follow the herd, or act on speculation rather than fundamentals.” He has often noted that stocks heavily owned by institutions are “frequently among the most inappropriately valued.”Buffett’s retelling of Graham’s parable serves as both warning and guidepost: even professionals with deep resources can abandon discipline when speculation appears more enticing.A timeless warningThe story resonates far beyond its humorous surface. Markets today, whether in energy, technology, or digital assets, often trade on narratives rather than numbers. Just as Graham’s oil men abandoned heaven for a rumour of riches, modern investors are lured by bubbles, booms, or untested innovations.For Buffett, the moral remains clear. Investing requires resisting the stampede and grounding decisions in intrinsic value and patience. “Oil discovered in hell” is not just a story. It is a reminder that markets can tempt even the most disciplined to leave heaven in pursuit of illusions.Also read | Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

IFC set to book multibagger gains in Tata Capital IPO

3 weeks 6 days ago
The International Finance Corporation is set to pocket hefty returns from Tata Capital's upcoming USD 2 billion (Rs 17,000 crore) initial public offering, as the World Bank Group arm looks to trim its stake in the non-banking finance company.The International Finance Corporation (IFC) will offload 3.58 crore shares in the offering, exiting part of an early bet on Tata Capital's cleantech business made in 2011, according to the updated draft red herring prospectus (DRHP).Tata Capital is likely to launch its USD 2 billion initial public offering (IPO) in the first half of October after the Reserve Bank of India (RBI) granted an extension to list its shares on bourses, people familiar with the matter said.Earlier, the non-banking finance company was given time till September 30 to list on stock exchanges.IFC, the World Bank Group's private sector arm, partnered with Tata Capital in 2011 to set up Tata Cleantech Capital Ltd (TCCL), with the mandate to finance renewable and sustainable infrastructure projects. At the time, clean energy in India was still regarded as a subsidy-reliant sector.Over the past decade, TCCL has emerged as a key green financier, backing over 500 renewable projects across solar, wind, biomass, small hydro, water treatment, and electric mobility.Further, the company has sanctioned more than 22,400 MW of clean energy capacity and built one of the most comprehensive cleantech portfolios in the country. By FY25, the cleantech and infrastructure finance loan book had crossed Rs 18,000 crore, growing at a CAGR of nearly 32 per cent over the last two years, draft papers showed.Following a merger of TCCL with Tata Capital, IFC now holds 7.16 crore shares, or about 1.8 per cent in the parent NBFC. Of this, its plans to offload 3.58 crore shares in the upcoming IPO.IFC had entered at an adjusted price of around Rs 25 per share, valuing its overall investment at roughly Rs 179 crore. At the rights issue price of Rs 343 per share, this stake is worth nearly Rs 2,458 crore, translating into a notional profit of about Rs 2,278 crore. Delivering nearly 13 times, the investment in Tata Capital has been highly rewarding for IFC.The potential gains are based on the rights issue valuation. The IPO price is expected to be higher, which could further enhance IFC's returns, people familiar with the matter said.In July, Tata Capital raised Rs 1,752 crore through a rights issue priced at Rs 343 per share.The upcoming IPO will comprise a fresh issue of up to 21 crore shares and an offer for sale (OFS) of up to 26.58 crore shares, including 23 crore shares from promoter Tata Sons and 3.58 crore shares from IFC, as per the updated draft papers filed in August.Promoter Tata Sons owns 88.6 per cent of Tata Capital.Proceeds from the fresh issue will be deployed to augment Tier-I capital and fuel lending growth.If successful, the IPO will become the largest public issue in India's financial sector. It will also mark the Tata Group's second public listing in recent years, following the debut of Tata Technologies in November 2023.The IPO is being undertaken in line with the RBI's listing mandate for upper-layer NBFCs, which requires them to be listed within three years of classification. Tata Capital was designated as an upper-layer NBFC in September 2022.
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