logo
Preity Zinta didn't act in single scene but turned Rs 35 crore into Rs 3500000000 through…, in IPL 2025 her team can…

Preity Zinta didn't act in single scene but turned Rs 35 crore into Rs 3500000000 through…, in IPL 2025 her team can…

India.com13-06-2025
When the IPL began in 2008 the BCCI was bringing industrial houses and Bollywood stars as investors. Among them was Preity Zinta, who invested a portion of her wealth in IPL.
Till then she was famous for her blockbuster hits in Bollywood. Later on she distanced herself from movies and entered in business. IPL Returns
Preity Zinta invested Rs 35 crore to become the owner of a team. This was none Punjab Kings (PBKS) which was known as Kings XI Punjab. Her Rs 35 crore investment gave her 23% stake in the team. How Rs 35 crore Became Rs 350 crore?
Eighteen years later, the returns on Preity's IPL investment can surprise you. Her initial Rs 35 crore investment has grown massively and is now valued at Rs 350 crore.
Preity Zinta's earnings are also linked to the success of the overall IPL event. Over the years, the league's popularity grew. The value of TV rights, ratings, and broadcasting time slots increased which indirectly benefited IPL teams and their owners as well.
According to a Business Today report, Preity Zinta's wealth growth through IPL is a case study for investors. In just over 15 years, her returns are higher than many other regular investments. This success is also because of building the team and hard work of the player. Punjab Kings 2025 Earnings
The report also highlights that in the 2024 season the team was at ninth position. But still Punjab Kings earned Rs 664 crore in revenue with a profit of Rs 252 crore. Now that the team is reaching the finals in the 2025 season as runners-up it can increase its profits more.
Punjab Kings is now more than just an IPL team. It is also becoming a global brand with investments in other cricket leagues worldwide. The team has a presence in the Caribbean Premier League, where it owns the Saint Lucia Kings franchise.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RBI bars foreclosure charges on floating rate loans to micro, small businesses
RBI bars foreclosure charges on floating rate loans to micro, small businesses

India Today

time24 minutes ago

  • India Today

RBI bars foreclosure charges on floating rate loans to micro, small businesses

The Reserve Bank of India has barred banks and non-banking financial companies (NBFCs) from charging prepayment penalties on floating rate loans to micro and small enterprises (MSEs), effective for all loans sanctioned or renewed on or after January 1, directive, issued under the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025, follows a supervisory review that found divergent practices among lenders. The review revealed that several institutions were levying prepayment charges inconsistently and, in some cases, including restrictive clauses in loan agreements to discourage borrowers from switching to other lenders offering better the importance of "easy and affordable financing" for MSEs, the central bank noted that such clauses often led to customer grievances and disputes, particularly when borrowers sought to refinance their loans at lower interest to the new rules, no prepayment charges will be allowed on floating rate loans to MSEs or to individuals borrowing for business purposes. This applies regardless of whether the loan is prepaid in part or full, and irrespective of the source of funds used to make the prepayment. The exemption will apply from the first day of the loan, with no lock-in exception has been made for certain categories of lenders, including small finance banks, regional rural banks, state and central co-operative banks, and NBFCs in the middle regulatory layer, which are already barred from levying prepayment penalties on loans up to Rs 50 lakh. This framework will continue unchanged for these the case of cash credit and overdraft facilities, the RBI has clarified that no prepayment charges will apply if the borrower informs the lender of their intention not to renew the facility within the agreed period and ensures that it is closed by the due strengthen transparency, the central bank has directed lenders to clearly disclose all applicable prepayment terms in the sanction letter, loan agreement and the Key Facts Statement (KFS), wherever applicable. Retrospective charges will not be allowed, and lenders cannot reintroduce any fees that were previously borrowers were already exempt from prepayment penalties under earlier rules. With this move, the RBI is extending similar protections to small businesses, which often face tighter credit conditions and limited ability to negotiate loan decision follows public consultations on a draft circular issued in February and is part of the RBI's broader effort to standardise customer-facing terms and reduce friction in the credit market.- Ends advertisement

NFO Alert: Invesco Mutual Fund launches Income Plus Arbitrage Active Fund of Fund
NFO Alert: Invesco Mutual Fund launches Income Plus Arbitrage Active Fund of Fund

Time of India

time30 minutes ago

  • Time of India

NFO Alert: Invesco Mutual Fund launches Income Plus Arbitrage Active Fund of Fund

Live Events Invesco Mutual Fund has announced the launch of its new fund Invesco India Income Plus Arbitrage Active Fund of Fund , an open-ended fund of fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage new fund offer or NFO of the fund is open for subscription and will close on July Read | Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest? The fund is designed to provide investors with a smarter and simpler alternative to traditional debt investments, according to a press release by the fund fund aims to generate income by investing in a dynamic mix of actively managed debt-oriented schemes and equity arbitrage schemes, offering a unique blend of stability, tax efficiency, and operational ease. The fund is ideal for investors seeking low-risk income with enhanced tax efficiency in the long term, the release 60-65% will be invested in debt-oriented schemes, with a primary focus on Invesco India Debt Fund, based on market opportunities in high-quality corporate bond funds that invest in AAA-rated corporate bonds and sovereign the current market dynamics, large allocation will be done in Invesco India Corporate Bond Fund (allocation to debt schemes will be less than 65%) which as of now provides participation in AAA rated corporate bonds largely in 2-5 year space and G-Sec in 5-15 year fund will invest 35–40% in Invesco India Arbitrage Fund, which captures price differentials between cash and derivatives markets with fully hedged equity held for over 24 months are taxed at a 12.5% long-term capital gains rate, compared to traditional debt funds taxed at slab rates, the release Read | JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing 'With the evolving investment landscape, conservative investors are seeking options that align with their risk tolerance while enhancing tax efficiency. As the fixed income market remains in a sweet spot, the Invesco India Income Plus Arbitrage Active Fund of Fund offers a smart alternative to traditional debt investments—an efficient combination of arbitrage and fixed income strategies that provides relatively lower risk & a better tax efficiency,' said Vikas Garg , Head of Fixed Income & Fund Manager, Invesco Mutual minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. No exit load will be charged to investors.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Vaibhav Suryavanshi And India U-19 Team Spotted Watching IND vs ENG Test At Edgbaston
Vaibhav Suryavanshi And India U-19 Team Spotted Watching IND vs ENG Test At Edgbaston

India.com

time33 minutes ago

  • India.com

Vaibhav Suryavanshi And India U-19 Team Spotted Watching IND vs ENG Test At Edgbaston

In a heartwarming moment of inspiration and pride, India's rising cricket star Vaibhav Suryavanshi and his U-19 teammates were spotted in the stands at Edgbaston, closely watching India take on England in the second Test. The presence of the young cricketers at the iconic venue drew attention from fans and cameras alike, especially after Suryavanshi's blistering knock just a day earlier. From Field Heroics to the Stands Vaibhav Suryavanshi, just 14 years old, made headlines recently with his explosive innings in the third Youth ODI against England. He hammered 86 runs off just 31 balls, including a record-breaking 9 sixes, the most by an Indian U-19 player in a Youth ODI innings. His powerful performance helped India secure a win and take a 2-1 lead in the five-match series. Recognizing the importance of exposure to top-level cricket, the BCCI arranged for Suryavanshi and the U-19 squad to attend the Edgbaston Test, giving the boys a chance to observe how seasoned players like Shubman Gill, Jasprit Bumrah, and others handle the pressures of the international stage. Learning from the Best Suryavanshi's presence at Edgbaston was more than ceremonial; it was strategic. Coming off a blazing innings and already dubbed a "future star" by Indian fans, the teenager had a front-row seat to Gill's historic double century. Watching his senior counterpart score 269 as captain in English conditions offered a valuable lesson in temperament, shot selection, and building an innings at the highest level. As cameras panned to the stands, viewers saw Suryavanshi attentively observing the game, smiling, clapping, and absorbing every moment with his U19 teammates.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store