Overview

Asian Champions Trophy: Elated Jay Shah congratulates Indian men’s hockey team for an undefeated campaign

Asian Champions Trophy: Elated Jay Shah congratulates Indian men’s hockey team for an undefeated campaign

Fresh off its bronze medal victory at the 2024 Paris Olympics, the Indian men’s hockey team kept the Tricolour flying high as it scored a 1-0 victory over China in the final of the Men’s Asian Champions Trophy at the scenic Moqi Hockey Training Base, China Daur Ethnic Park, Hulunbuir, on Tuesday.

Following the victory, the Secretary of the Board of Control for Cricket in India (BCCI) and future Chairman of the International Cricket Council (ICC), Jay Shah took to social media to congratulate the Indian team.

“I am elated to see the Indian men's hockey team's undefeated campaign at the Asian Championship Trophy 2024. @TheHockeyIndia has displayed an aggressive and dominant performance in the tournament as they clinched the trophy! Congratulations to captain @13harmanpreet and his team!

With this, India won the Men's Asian Champions Trophy for the fifth time and extended their record as the most successful nation in the competition that was introduced in 2011. Pakistan have won the title thrice while South Korea bagged their lone crown in 2021 in Dhaka. India won the title in the last edition played in Chennai in 2023, beating Malaysia 4-3 in the final.

Raina advocates for spin-heavy attack as India gears up for Bangladesh Test

Raina advocates for spin-heavy attack as India gears up for Bangladesh Test

As India prepares to face Bangladesh in the first Test of their upcoming series, former Indian cricketer Suresh Raina has recommended a bold strategy for the Indian team. Raina suggested that India should deploy a spin-dominant attack with three spinners and two fast bowlers for the match, which begins on Thursday at the MA Chidambaram Stadium in Chennai.

Raina's strategy is driven by the nature of the Chennai pitch, which he expects to favor spinners due to its black soil composition. He proposed selecting Ravichandran Ashwin, Ravindra Jadeja, and Kuldeep Yadav as the spin trio, alongside fast bowlers Mohammad Siraj and Jasprit Bumrah.

"I believe India should go with five bowling options, that is three spinners and two pacers. Mohammad Siraj has been doing very well in the past few years in Red ball cricket, we all know how good Jasprit Bumrah is, and what he has done for the Indian cricket team in the past few years barely any fast bowlers in the world of cricket has done. So with two pacers and Ravichandran Ashwin, Ravindra Jadeja, and Kuldeep Yadav India should go ahead,"

India sees 5.35 pc growth in exports at $328.86 billion in April-August

India sees 5.35 pc growth in exports at $328.86 billion in April-August

India’s total exports during the April-August period are estimated at $328.86 billion, registering a positive growth of 5.35 per cent, data by the Ministry of Commerce and Industry showed on Tuesday.

Total imports during the first five months of the current fiscal are estimated at $375.33 billion, registering a growth of 7.20 per cent.

Merchandise exports during the April-August 2024 period were $178.68 billion as compared to $176.67 billion during the same period last year, registering a positive growth of 1.14 per cent.

Lebanese army receives $15 million donation from Qatar

Lebanese army receives $15 million donation from Qatar

The Lebanese army said it received a $15 million donation from the Qatar Fund for Development (QFFD) on Tuesday.

The financial donation will be used to provide fuel for the army for three months, enhancing its ability to confront the increasing security challenges in light of Lebanon's dire economic conditions,news agency reported, citing an army statement.

In a meeting with Qatari Ambassador to Lebanon Sheikh Saud bin Abdul Rahman Al-Thani and Sultan Al-Aseeri, deputy director general of QFFD, Lebanese Army Commander Joseph Aoun expressed appreciation for "this grant, which comes in the context of the continuous initiatives by the State of Qatar, in commitment to the fraternal relations between the two sides, and to support Lebanon's security and stability during the current exceptional circumstances".

The Lebanese army has been heavily impacted by a lingering economic and financial crisis that hit the country in 2019. The crisis has caused a collapse of the Lebanese pound and a devaluation of wages for public sector employees, including military personnel.

Somalia secures grant to reform financial system

Somalia secures grant to reform financial system

The African Development Bank Group (AfDB) said it has approved a grant of $6.6 million to strengthen Somalia's financial architecture for inclusive and equitable growth.

AfDB said in a statement issued on Monday that the Somalia Financial Sector Development Project will also enhance financial sector expertise through targeted training and assistance.

The project will focus on improving the capacity of financial institutions, including the Central Bank of Somalia, the Somali Development and Reconstruction Bank, and the Financial Reporting Center, to formulate efficient credit delivery and implement anti-money laundering and counter-terrorism financing measures, news agency reported.

Gujarat: Four accused, linked to over 10 serious offences, arrested

Gujarat: Four accused, linked to over 10 serious offences, arrested

Four accused, who were linked to over 10 serious offences, have been arrested from Gujarat's Gir Somnath district.

The crackdown against the organised crime group under the Gujarat Control of Terrorism and Organised Crime (GUJCTOC) Act, led to the arrest of four out of five accused, including the Taluka Congress President, Mahesh Jethabhai Makwana, who is believed to be the mastermind behind the group's illegal activities, police said.

The Local Crime Branch (LCB) filed the complaint, which led to the action against the suspects.

Along with Makwana, the other accused include Hareshbhai Chikubhai, alias Sidhibhai Damaniya, Ramesh Virabhai Chudasama, Rafik alias Bhuro Sulemanbhai Selot Ghanchi, and Munaf alias Muno Nazirbhai Sipai. Police have already rounded up four of these individuals while further investigation is underway.

Maintain MRP to help consumers, Centre advises edible oil associations

Maintain MRP to help consumers, Centre advises edible oil associations

The government on Tuesday advised leading edible oil associations to ensure that the MRP of each oil is maintained till the availability of edible oil stocks imported at zero per cent and 12.5 per cent basic customs duty (BCD), and take up the issue with their members immediately.

This was conveyed by the government during a meeting with the representatives from the Solvent Extraction Association of India (SEAI), the Indian Vegetable Oil Producers’ Association (IVPA), and the Soybean Oil Producers Association (SOPA) here to discuss the pricing strategy.

The government has implemented an increase in the basic customs duty on various edible oils to support domestic oilseed prices.

Effective September 14, the BCD on crude soybean oil, crude palm oil and crude sunflower oil has been raised from 0 per cent to 20 per cent, making the effective duty on crude oils 27.5 per cent.

Time to tap GVCs to achieve $500 bn electronics manufacturing target by FY30: ICEA

Time to tap GVCs to achieve $500 bn electronics manufacturing target by FY30: ICEA

As the country aspires to reach $500 billion electronics manufacturing by FY30 while creating 60 lakh jobs, the India Cellular and Electronics Association (ICEA) said on Tuesday it is keen to chart out a comprehensive strategy with the government to help the industry achieve this goal.

The electronics industry is currently at around $115 billion and global value chains (GVCs) will be key to boosting production and exports from the country, said Pankaj Mohindroo, ICEA Chairman.

Mohindroo said that the electronics industry needs to grow over 20 per cent compound annual growth rate (CAGR) to achieve the target of $500 billion by FY30, adding that the association seeks to have a presentation with Finance Minister Nirmala Sitharama on the elements that are essential for the industry to achieve the outlined vision of $500 billion by 2030.

GVCs not only drive large-scale job creation but also build technology capabilities within the domestic industry.

They bring in large-scale manufacturing, driving the scale of production, reducing costs, and enhancing competitiveness, according to Mohindroo.

AIFF announces 23-member squad for Men's SAFF U17 Championship

AIFF announces 23-member squad for Men's SAFF U17 Championship

India U17 men's team head coach Ishfaq Ahmed on Tuesday named a 23-member squad for the SAFF U17 Championship Bhutan 2024 to be played at the Changlimithang Stadium in Thimphu.

India will face Bangladesh (September 20) and Maldives (Sep 24) in Group A of the SAFF U17 Championship. The semifinals will be played on September 28, followed by the final on September 30. All matches will be played at the Changlimithang Stadium in Thimphu. The tournament will be streamed live on the Sportzworkz YouTube Channel.

The India U17 men’s team is coming off two friendlies against Indonesia which it played in preparation for the upcoming SAFF Championship. After losing the first game 1-3, India fought back and recorded a 1-0 victory in the second following which the head coach hailed the team’s performances and claimed the signs were promising.

Three died in helicopter crash in Russia's Far East

Three died in helicopter crash in Russia's Far East

Three people, including a pilot and two passengers, were killed in a helicopter crash in the Amur region of Russia's Far East, rescuers confirmed on Tuesday.

According to local emergency services in the Zeya District, the Robinson R66 helicopter, which went missing on Monday, was located near the spot where its emergency beacon was activated. "The helicopter has been found, and all three aboard are confirmed dead," an official stated.

Preliminary reports show that the helicopter's emergency beacon signal was received on Monday evening before a search and rescue operation involving around 20 personnel and seven equipment units was launched.

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