Businesses on winning pitch as IPL final scores big with fans
Business Standard|May 27, 2024
At 3:30 pm on Sunday, about four hours before the Indian Premier League (IPL) final between Kolkata Knight Riders (KKR) and Sunrisers Hyderabad (SRH), Rajesh Naik from Kadapa, Andhra Pradesh, stood at the entry gate of MA Chidambaram Stadium in Chennai.
SHINE JACOB, AKSHARA SRIVASTAVA & ISHITA AYAN DUTT
Businesses on winning pitch as IPL final scores big with fans

Naik and his friends had driven some 260 kms to witness the swinging deliveries of Mitchell Starc, the classical wristy shots of Shreyas Iyer, the mighty sixes of Heinrich Klaasen, and many other iconic players in action.

Naik was not alone. From Kashmir to Kanyakumari, the country was united by cricket yet divided by the allegiance to SRH and KKR. The buzz around the IPL final in Chennai was marred by the impending Cyclone Remal.

The cricketing extravaganza, with a brand value of $11 billion, turned out to be not just a fiesta for cricket lovers. It became a business opportunity for everyone, from five-star hotels to cafes to street vendors, across the country on Sunday.

When the match started, more than 20 million people were watching it on JioCinema, and another 500-600 million were expected to have seen it on Star Sports. IPL 2023 had registered 505 million viewers on television. SRH were bundled out for 113 at the time of going to press.

In terms of business generated, consider the cases of Praveen Kumar, a vendor selling jerseys outside Chepauk Stadium, and Indian cricket icon Virat Kohli's restaurant chain, One8 Commune. Kumar, who was selling jerseys at 200 each, indicated that his sales doubled on the final day. Meanwhile, the One8 Commune restaurants in Mumbai and Hyderabad were packed on Sunday night.

هذه القصة مأخوذة من طبعة May 27, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 27, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Investing for children: Buy house or opt for MFs?

I was speaking to Meera and her spouse, Karan, about their financial plan.

time-read
3 mins  |
June 17, 2024
Failure to report foreign income leads to loss of DTAA benefit
Business Standard

Failure to report foreign income leads to loss of DTAA benefit

Not reporting foreign assets and income may also result in penalty and even jail sentence

time-read
4 mins  |
June 17, 2024
Sparks fly after Musk's EVM post, Chandrasekhar offers 'tutorial'
Business Standard

Sparks fly after Musk's EVM post, Chandrasekhar offers 'tutorial'

Tesla and SpaceX Chief Executive Officer (CEO) Elon Musk has said that electronic voting machines (EVMs) should be eliminated as they are prone to \"getting hacked\" by humans or AI (artificial intelligence).

time-read
2 mins  |
June 17, 2024
Fresher hiring in IT sector tumbles to 2-decade low
Business Standard

Fresher hiring in IT sector tumbles to 2-decade low

India's software services companies have hired between 60,000 and 70,000 freshers in FY24, the lowest intake in two decades, according to HR firm Xpheno.

time-read
3 mins  |
June 17, 2024
Business Standard

DAUGHTERS INC

The unfolding succession at several Indian family businesses is shining the spotlight on daughters

time-read
4 mins  |
June 17, 2024
Is Nabfid the answer to India's infra woes?
Business Standard

Is Nabfid the answer to India's infra woes?

Though earlier such attempts had failed, Nabfid should succeed as the ecosystem is changing

time-read
5 mins  |
June 17, 2024
Fintech's time and tide for turning
Business Standard

Fintech's time and tide for turning

A self-regulatory framework will reshape how the sector does business but it must find people who will helm the system

time-read
4 mins  |
June 17, 2024
Seven things digital lenders must do to manage risks
Business Standard

Seven things digital lenders must do to manage risks

Every adversity brings with it the seed of an equivalent advantage, said Napoleon Hill in his bestselling book Think and Grow Rich.

time-read
2 mins  |
June 17, 2024
Macrotech and Oberoi Realty elevate Mumbai skyline with highrise sales
Business Standard

Macrotech and Oberoi Realty elevate Mumbai skyline with highrise sales

ARCHITECTS OF MARKET DOMINANCE: Leading largecap realty stocks with 29% to 33% gains in recent surge

time-read
2 mins  |
June 17, 2024
Business Standard

Unveiling a champion: How this fund beats the rest

HDFC Flexi Cap Fund, launched in January 1995, has consistently ranked in the top 30th percentile of the flexicap fund category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters through March 2024.

time-read
1 min  |
June 17, 2024