Tata Group Acquires IPL Title Sponsorship For INR 2,500 Crore For The Next Five Years

Tata Group will continue to be the title sponsor of the India Premier League (IPL) for the next five years (2024–2028). The conglomerate acquired the deal for a record-breaking amount of Rs. 2,500 crore ($300 million). In addition to 2021, Tata Group served as the title sponsor for 2022 and 2023, for the men’s IPL and the women’s Premier League.

IPL has become the world’s richest T20 tournament, as the acquisition price is the highest in the history of the league, and its brand value is estimated to be $8.4 billion.

The IPL chairman, Arun Singh Dhumal, said, “The record-breaking sum of Rs. 2500 crore by TATA Group is a testament to the immense value and appeal that the IPL holds in the world of sports.”

Meanwhile, BCCI secretary Jay Shah said in a statement that the unprecedented amount represents a new benchmark in the history of the league. Furthermore, it will reaffirm India’s IPL status as a leading international sporting event.

Other league boards find it challenging to compete with the lucrative multi-league contracts offered by the Indian IPL. However, this may exacerbate concerns about the priority of Twenty20 competitions by players over international cricket.

Congo President Felix Tshisekedi Take Over Office For The Second Term

On Saturday, Felix Tshisekedi was sworn in as the president of the second-largest country in Africa, the Democratic Republic of the Congo. The 80,000-seat Martyrs sports stadium in Kinshasa was chosen by the leader known as “Fatshi” for the inauguration event.

Despite the political unrest in the country, he will take on the position for a second five-year term. 

He won reelection with more than 70% of the votes, but the opposition parties refused to acknowledge his win due to several election irregularities in December. However, the authorities swiftly refuted the allegations of fraudulent votes. According to the election commission, nearly 18 million votes were cast, representing a 40% voter turnout.

Multiple polling locations commenced operations belatedly, while others remained closed entirely and were short on supplies. The election monitoring organisation CENCO characterised the legislative and presidential elections as an electoral catastrophe.

The 60-year-old was sworn in against Joseph Kabila for the first time in January 2019. During his first tenure, he pledged to end the 25-year conflict in the East and improve living conditions in the DRC but failed to do so. He seeks to provide free primary medications once more for the current term and has requested an additional mandate to “consolidate” the gains.

PM Modi To Mark A Spectacle Consecration Ceremony Of Shri Ram Janmbhoomi

PM Narendra Modi will hold an extravagant inauguration ceremony at Ramjanmbhoomi to welcome Lord Ram’s return to Ayodhya after a wait of more than 500 years.

Following centuries of oppression by a particular community and colonial powers, Ayodhya is finally ready to move Ram Lalla from a broken tent to a temple. The original temple was razed by the Mughals in 1528, and the Babri Masjid was built on it.

PM Modi is scheduled to arrive in Ayodhya on Monday at 10:25 am and will reach Shri Ram Janmabhoomi at 10:55 am. He will perform the Pran Pratishtha ceremony at 12:05 pm with a team of priests led by Lakshmikant Dixit.

The specific time and date are chosen as per Hindu mythological history. It is believed that Lord Vishu took one of his incarnations on this particular Karma Dwadashi, Mrigashira Nakshatra, and Indra Yog Day. Shri Ram is also one of Shri Vishu’s incarnations. Thus, this date plays a significant role in the inaugural ceremony.

The consecration ceremony will be performed in the Abhijit Muhurat, which is considered one of the most auspicious muhurats in Hindu traditions. The muhurat will last 84 seconds between 12:29:08 p.m. and 12:30:32 p.m.

Dubai’s GDP Surge 3.3% In 2023 With D33 Model

According to the recent data released on Sunday, Dubai’s GDP grew by 3.3 per cent between January and September 2023. The information was made public by the state’s new agency, WAM.

During this period, accommodation and food service saw a hike of 11.1%, transportation and storage by 10.9%and information and communication by 4.4%.

D33, a ten-year economic strategy that aimed to double Dubai’s economy and position it among the top four global financial centres, was unveiled in January of last year. The initiative also encompassed one hundred transformation projects, such as expanding Dubai’s foreign trade by twofold, incorporating an additional 400 cities into its foreign trade map, and establishing ‘Sandbox Dubai’ to facilitate the testing and commercialization of novel technologies, thereby establishing Dubai as a prominent centre for innovation.

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, VP and PM of the UAE and Ruler of Dubai, launched it. Foreign trade is anticipated to increase to AED 25.6 trillion, FDI to AED 650 billion, government expenditure to AED 700 billion, private sector investment to AED 1 trillion, and domestic demand for goods and services to AED 3 trillion. Digital transformation projects are anticipated to generate an annual contribution of AED 100 billion.

EAM S Jaishankar To Represent India At 19th NAM Summit In Uganda

On Thursday, External Affairs Minister S Jaishankar visited Kampala, Uganda, for a two-day summit of the Non-Aligned Movement (NAM). His visit is part of a two-nation tour of Uganda and Nigeria.

Dr. S. Jaishankar will lead the Indian delegations to the 19th summit of the Non-Aligned Movement on January 19–20. It is expected that he will meet with Ugandan leaders and counterparts from several other NAM members. Later, Minister of State for External Affairs V Miraleedharan will represent India at the G-77 Third South Summit on January 21 and 22.

On his arrival today, Dr S Jaishankar shared a post on X along with some photographs. He tweeted that it was an honour to represent India at the summit and thanked the host government for the warm welcome. He also thanked the African Union for hosting the summit.

To support Uganda in hosting the NAM and G77 grouping summits, India has donated 10 buses, 5 ambulances, 10 tractors, and a few flag poles.

The NAM Summit is held under Uganada’s leadership and will bring together 120 developing nations. The summit’s theme is “Deepening Cooperation for Shared Global Affluence.” The summit will hold official discussions between ministerial and senior officials.

Bangladesh Foreign Minister To Visit Delhi On February 7

Bangladesh’s newly appointed Foreign Minister, Hasan Mahmud, is scheduled for a three-day visit to New Delhi on February 7. It will be Mahmud’s first bilateral visit to India after his appointment.

On Monday, the Indian High Commissioner to Bangladesh, Pranay Verma, extended the invitation on behalf of the Indian External Affairs Minister, and in return, Memon accepted the invitation. His first diplomatic meeting was with the Indian High Commissioner in Dhaka. After the meeting with the new FM, the Indian High Commissioner in Dhaka said that India is very hopeful and confident to achieve greater momentum in the India-Bangladesh partnership after the new term of Bangladesh.

Mahmud stated in an interview that he expected New Delhi to be his first stop on a bilateral visit at a mutually convenient time. He was later asked if he would meet the Indian Prime Minister during his visit, to which he replied that the planning is still at an early stage and nothing has been finalised yet.

On Sunday, Dr Jaishankar took to his official X account and congratulated Hasan Mahmud on his appointment as the Foreign Minister of Bangladesh. He looks forward to working together with his counterpart to strengthen the India-Bangladesh friendship.

Praggnanandhaa Surpasses Vishwanath Anand To Become India’s No. 1 Chess Player

Chess prodigy R Praggnanandhaa surpassed his idol Vishwanathan Anand to become India’s No.1 chess player. He was ranked No. 1 in FIDE’s live ratings for his new total of 2748.3, which is slightly above Anand’s 2748 score.

On Tuesday, the 18-year-old from Chennai became the second Indian to beat reigning world champion China’s Ding Liren at the Tata Steel Chess Tournament in Wijk aan Zee, Netherlands. By using the black pieces, he played a flawless game in the classical format. He had also previously defeated Ding last year on the same occasion to become No. 2. While achieving his present rank, he has become the only Indian after Anand to reach the final of the Chess World Cup.

With his sensational win, he entered the fourth round by ranking 2.5 points with one victory and three draws. Currently, he is behind Alireza Firouzja (3 points) from France and Anish Giri (3.5) from the Netherlands.

Praggnanandhaa’s ranking comes months after his impressive performance in the 2023 FIDE World Cup, where he finished runner-up. Although he lost to renowned player Magnus Carlsen, he caught everyone’s attention with his valiant efforts in Baku.

PM Modi Releases Stamps Dedicating To Ram Mandir, Lord Hanuman, And Shabri

On Thursday, Prime Minister Narendra Modi unveiled commemorative postage stamps dedicated to Shri Ram Janmabhoomi Mandir and a book of stamps related to Lord Ram.

The Ram Mandir, Choupai “Mangal Bhavan Amangal Hari,” the Sarayu River, the Sun, and sculptures within and outside the temple are just a few of its many highlights. It consists of six stamps in total. It includes Lord Ganesh, Ram Temple, Lord Hanuman, Kevatraj, Jatayu, and Ma Shabri.

The gold leaf depicting sun rays and Chaupai is included in the pattern, giving the small sheet an imposing appearance and reflecting Panchbhutas. Panchbhutas are the five elements of the physical world: earth, water, fire, air, and sky.

The book covers stamps issued by more than 20 countries, including the United States, New Zealand, Singapore, Canada, Cambodia, and the UN, which demonstrate Lord Rama’s appeal to various communities worldwide.

The much-awaited Ayodhya’s Ram Mandir ‘Pran Pratishtha’ celebration is all set to welcome more than 7,000 guests, including saints, politicians, businessmen, and celebrities. Meanwhile, Prime Minister Narendra Modi will be the chief guest of the extravagant “Pran Pratishta’ ceremony, which will take place on January 22.

India Seeks $100 Billion Annual FDI In Coming Years- IT Minister

India’s Minister of Information Technology, Ashwini Vaishnaw, made a significant announcement about India’s aim to attract $100 billion in annual Foreign Direct Investment (FDI) in the next few years.

In an interview at the ongoing World Economic Forum in Davos, Switzerland, he presented a comprehensive growth strategy with a vision of a consistent growth rate of 6–8% for the next ten years. This strategy will primarily focus on increasing manufacturing, uplifting the bottom of pyramids, investing in digital and physical infrastructure, and enhancing trouble-free business processes.

Vaishnaw said that since PM Modi took office in 2014, India has been a magnet for foreign investment, and major players like Apple, Samsung, Kia, and Airbus have made substantial investments in India. Despite previously criticising Modi’s protectionist policies, India recorded $ 33 billion in foreign direct investment inflow in the first half of 2023-2024, whereas, it was $ 71 billion in FDI in 2022-2023. He emphasised that, according to investors, India is currently the most important investment destination.

The RBI increased its growth forecast for the current financial year to 7 per cent from 6.5 per cent. Meanwhile, as per the National Statistics Office, India’s GDP is expected to increase by 7.3 per cent, making it the fastest-growing economy.

Japan’s Highly Anticipated Lunar Mission ‘Moon Sniper’ Set For Soft Landing

Japan is all set to attempt its historic touchdown on the lunar surface this weekend with its ‘Moon Sniper’ spacecraft. Moon Sniper is one of the highly anticipated feet for Japan after its two previous failed lunar missions.

Japan aims to become the fifth nation to achieve the big feet needed to make a soft landing on the rocky surface. The nations that have achieved a soft landing are the United States, the Soviet Union, China, and India.

Japan’s Smart Lander for Investigating the Moon (SLIM) was carefully designed to accomplish the soft landing. Developed by JAXA, SLIM is equipped with a rolling robot.

On Saturday, it will start at midnight Japan time (1500 GMT, Friday) and should touch down in around 20 minutes if everything goes well. It is targeting a smaller area of 100 metres, which is considered a much smaller than usual landing zone. The landing site is anticipated to be a crater where the mantle, the innermost layer of the moon’s crust, is accessible from the surface. JAXA has already accomplished a precise landing on an asteroid; however, the Moon presents a more difficult task due to its higher gravity.