The Press Editor

11228 Posts
Who is Kal Somani, the entrepreneur to buy Rajasthan Royals for Rs 15K crore?
24
Mar
By The Press Editor
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Sports

Who is Kal Somani, the entrepreneur to buy Rajasthan Royals for Rs 15K crore?

New Delhi: In a major ownership change in Rajasthan Royals, the franchise is set to be sold to a US-based Kal Somani-led consortium for a huge sum ofย  USD 1.63 billion (approx Rs 15,290 crore). The Somani consortium beat other contenders, the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal to acquire 100% ownership of the franchise. This makes RR the most expensive IPL franchise, going past the Sajiv Goenka-led RPโ€‘SG Group, which paid Rs 7,090 crore to buy Lucknow Super Giants. Somani is already a stakeholder in the Royals; however,…
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Trump wants a truce deal with Iran but Tehran may not agree to US conditions: Israeli officials
24
Mar
By The Press Editor
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World

Trump wants a truce deal with Iran but Tehran may not agree to US conditions: Israeli officials

Washington: President Donald Trump is pushing for a deal with Iran to halt the tensions in the Middle East, with the US reportedly setting April 9 as the date to end the war; however, Tehran might be unwilling to accept the conditions put forth in the fresh negotiations, Israeli officials have beenย quoted as saying by Reuters. Speaking on the condition of anonymity, the officials voiced doubts about the likelihood of success, indicating that Tehran is unlikely to agree to key US demands in any renewed negotiations. Talks between Washington and Tehran reportedly collapsed on February 28, coinciding with the outbreak…
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Powerica IPO open for subscription: Check latest GMP, price band and other details
24
Mar
By The Press Editor
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Business

Powerica IPO open for subscription: Check latest GMP, price band and other details

Mumbai: The initial public offering (IPO) of power solutions provider Powerica Ltd received a tepid response from investors on the first day of bidding on Tuesday, i.e., March 24, 2026. It has received just 1 per cent subscription so far. According to NSE data, the IPO got bids for 2,06,793 shares against 2,05,55,171 shares on offer. The portion for Qualified Institutional Buyers (QIBs) has so far not received any subscriptions. The category for Retail Individual Investors (RIIs) received 2 per cent subscription and the quota for non-institutional investors got subscribed 1 per cent. Mobilises Rs 329 crore from anchor investors…
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Rajasthan Royals sold for .6 billion, Kal Somani wins bid backed by Walmart
24
Mar
By The Press Editor
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Sports

Rajasthan Royals sold for $1.6 billion, Kal Somani wins bid backed by Walmart

Jaipur: A major ownership change is set to reshape one of the IPLโ€™s founding teams, with Rajasthan Royals moving into new hands following a high-value deal. Kal Somani, already a shareholder in the franchise, has secured full ownership after winning a competitive bidding process. The acquisition, valued at roughly USD 1.6 billion, saw the Times Group finish just behind in the race. Somani will lead a consortium backed by Walmart, marking a significant shift in the franchiseโ€™s structure and future direction. The transition will not be immediate, though, with current leadership under Manoj Badale expected to continue until the conclusion…
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Is commercial real estate a good investment amid volatility in share markets? Here’s what experts say
24
Mar
By The Press Editor
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Business

Is commercial real estate a good investment amid volatility in share markets? Here’s what experts say

New Delhi: At a time when global markets are navigating renewed turbulence, triggered by ongoing Middle East conflicts, supply chain disruptions, and persistent inflationary pressures, most asset classes have shown visible signs of strain. Yet, almost unexpectedly, commercial real estate in India has held its ground. The sector has not been immune to global headwinds, but it has demonstrated a degree of resilience that stands out in the current climate. Even though capital has become selective, Grade A office assets have not exhibited the stress one would expect. According to a recent report by JLL, India recorded office leasing of…
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Meet 80-year-old Francisco Matรญas who chooses a 105-year-old clay house in the city of Brazil over modern comforts; hereโ€™s why |
24
Mar
By The Press Editor
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Lifestyle

Meet 80-year-old Francisco Matรญas who chooses a 105-year-old clay house in the city of Brazil over modern comforts; hereโ€™s why |

In the countryside of Hidrolรขndia, life moves differently. Francisco Matรญas, known locally as Seu Chiquinho, is 80 years old and has chosen a path most people would consider unusual today. He lives in a clay house built by his father in 1920, a structure that has quietly endured for 105 years. The house is simple with thick clay walls, rustic wooden beams, and a calm that seems to wrap around the space. While Brazil rushes forward with cities growing, technology spreading, and modern conveniences everywhere, Seu Chiquinho seems to exist in another rhythm, one that values quiet, community, and the…
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Kerala CM defends his โ€˜chettatharamโ€™ remark against Sudhakaran
24
Mar
By The Press Editor
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Politics

Kerala CM defends his โ€˜chettatharamโ€™ remark against Sudhakaran

Clarifying his word "chettatharam" (meanness, cheapness, vile behavior) remark against former CPI(M) leader G Sudhakaran, the Chief Minister of Kerala, Pinarayi Vijayan, on Tuesday said that the word was not used with the intention to insult but as a reference to his former colleague's โ€œbetrayalโ€ of Marxist ideology. ย  Responding to reporters' queries on the issue at a press conference, Vijayan said that he did not refer to Sudhakaran as a 'chetta' (closely translated as a bad man). ย  "I said political 'chettatharam' (cheapness). It is a term I have used several times in the past. It does not mean…
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Manchester United announces withdrawal of key stars from national duty ahead of the international break
24
Mar
By The Press Editor
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Sports

Manchester United announces withdrawal of key stars from national duty ahead of the international break

MANCHESTER: English Premier League club Manchester United has come forward and announced that two of their star players, Benjamin Sesko and Bryan Mbeumo, will not be fulfilling their international duties with Slovenia and Cameroon for the upcoming international break.ย  As per a report, both Sesko and Mbeumo will be missing the international break due to injury problems. While Mbeumo will miss Cameroonโ€™s friendly clashes against Australia and China, Sesko will miss out on Sloveniaโ€™s clashes against Hungary and Montenegro.ย  Both decisions have been taken on a precautionary basis. Mbeumo was substituted in the second half of Manchester Unitedโ€™s recent clash…
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Will European gas prices hit 2022 peaks amid the West Asia war? Here’s what report says
24
Mar
By The Press Editor
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World

Will European gas prices hit 2022 peaks amid the West Asia war? Here’s what report says

New Delhi: A new report by ING Bank suggests that European gas prices are unlikely to return to the record highs seen in 2022 when the region faced severe disruptions after the early phase of the Russia-Ukraine conflict. The analysis notes that Europe is now structurally stronger and better supplied to absorb shocks. "We do not believe European gas prices will trade to the peaks seen in 2022; global gas markets are relatively better supplied, while a large pipeline of LNG export capacity is coming onto the market in the years ahead," the bank stated. Despite improved supply conditions, the…
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