Latest news with #Chokshi
The Hindu
27-06-2025
- Sport
- The Hindu
SFI harbours medal hopes at Asian swimming championships in Ahmedabad
Entrusted with the responsibility of hosting the first edition of the Asian championships since 2016, the Swimming Federation of India (SFI) is not only looking at showcasing its organisational ability but also backing its divers and water polo teams to achieve worthwhile results in the continental event when it takes place in Ahmedabad in October. Competing alongside top countries such as China, Japan and South Korea at the newly-built 'world class venue,' India is pinning its hopes on its divers. 'There's reasonable expectation that we may have a medal in diving. We've sent our divers for a one-month training programme in Malaysia, where they can get a little bit of informal judging. Their scores can be realistically projected. An Australian coach (Shannon Roy) is working with them, particularly in the men's synchronised diving event, where we are targeting a medal. They were supposed to go to Australia for a competition, but couldn't get visas. We are looking at other competitions,' SFI secretary Monal Chokshi told Sportstar. 'We are having a water polo camp (for 25 men and 25 women) from January in Bangalore. We will be selecting the best 14 and four reserves. We are planning to send them to an eastern European country for training in the last one month of preparation. ALSO READ | Mind and body are in sync, I've developed as an athlete: Srihari Nataraj 'We will bring back one of the coaches (Babovic Miodrag and Anderic Nemanja) who were working with our teams for the Asian Games preparation, but the teams were not cleared. This Asian championships is going to be also the Asian Games qualifier with the top-six qualifying. After 1986, we have never played at the Asian Games. So we hope to break that jinx.' The SFI expects good performances from four swimmers. 'In terms of medals, we are very unsure. We have good prospects. Srihari (Nataraj), Benedicton Rohit has performed exceptionally well. We have seen some great performances from Shoan Ganguly as well as Aryan Nehra. We'll be holding the India camp for two months at the same venue,' said Chokshi. With a new swimming pool set to be inaugurated in Ahmedabad in a few days, Chokshi believes that it will help India in bidding for the 2030 Commonwealth Games and the 2036 Olympics. Chokshi said in this backdrop 'the ecosystem was very receptive to the thought of hosting a large international event' and hosting the Asian championships would 'demonstrate our capacity to hold international events'. 'Across all disciplines we would have roughly about 1500-1600 athletes (from diving, swimming, water polo and artistic swimming). The competition is staggered because it's a single 50m pool, a warm-up pool of 25m and a diving well. The swimming and diving events will start on September 26,' informed Chokshi.
India Today
16-05-2025
- Business
- India Today
Why the middle class is chasing expensive brands, explains market expert
Once upon a time, luxury brands like Louis Vuitton, Rolex, and Gucci were only for the ultra-rich. But that's no longer the case. Today, it's common to see luxury items with people from regular, middle-class backgrounds, salaried professionals, freelancers, and even to investor and market expert Abhijit Chokshi, it's not that luxury became cheaper, it's that the middle class became more eager to look wrote on X, '75% of all luxury spending comes from the middle class. In 1995, Louis Vuitton sold a 40,000 handbag to only an elite, old-money audience. In 2025, they sell Rs 2.8 lakh handbags to salaried 30-year-olds, financing it over EMIs.'He added, 'What changed? Luxury didn't become cheaper. The middle class became addicted to looking rich. A thread on how luxury became a trap disguised as a flex for people chasing status and not true wealth.' Chokshi explained that in 1995, a Louis Vuitton handbag cost about Rs 40,000 and was bought only by India's elite families. Now, in 2025, the same brand sells bags for Rs 2.8 lakh and people are buying them on fact, about 75% of all luxury spending now comes from the middle class, he mentioned. This change isn't about income growth. It's about how social media, clever marketing, and peer pressure have created a desire to show off success, even if it's not explained that the industry played on people's need for status and belonging. In today's world, people buy expensive watches, designer bags, or branded clothes not for comfort or quality, but to post pictures, gain followers, and feel noticed. Luxury has become less about wealth and more about there's a hidden cost. Many are buying these high-priced items on EMIs or credit cards. That means more debt and less money going into savings or the next time someone is tempted by a designer label, they should pause and consider whether it's for personal satisfaction or public Watch
Yahoo
13-05-2025
- Business
- Yahoo
Northland initiates CoreWeave coverage with Outperform rating, sees $80 PT
-- Northland Capital Markets initiated coverage on CoreWeave Inc (NASDAQ:CRWV) Tuesday with an Outperform rating and a 12-month price target of $80, citing the company's leadership in purpose-built AI infrastructure. Analysts highlighted CoreWeave's rapid rise as a vertically integrated cloud provider focused on high-performance workloads like large language model training and inference. Northland analyst Nehal Chokshi points to CoreWeave's advanced Platform-as-a-Service (PaaS) offerings, which are evolving into a full-scale AI-as-a-Service (AIaaS) platform. This includes infrastructure designed with low failure rates and high parallel processing efficiency, optimized for hosting compute-intensive workloads. 'CoreWeave's rapid rise reflects its positioning as a generational infrastructure provider purpose-built for AI,' Chokshi wrote. The analyst emphasized the company's differentiated architecture and software layers as critical enablers for AI-native enterprises and research institutions. CoreWeave's customer base includes AI startups, foundation model developers, and research labs, all of which depend on stable, scalable GPU resources. Long-term customer contracts designed to maximize GPU utilization give the company margin visibility lacking in legacy cloud consumption models, according to the note. In addition to infrastructure, CoreWeave has been scaling managed services around Kubernetes orchestration, AI workflow optimization, and latency-sensitive image processing. Chokshi views these offerings as essential for supporting a multi-tenant AI platform and improving developer adoption. Despite broader volatility in the cloud sector, analysts remain bullish on CoreWeave's first-mover advantage in GPU cloud, and see strong momentum across its customer pipeline. The company is reportedly nearing breakeven and may explore future capital markets initiatives to sustain growth. With AI infrastructure demand surging, Northland sees CoreWeave as a long-term platform winner. The $80 price target reflects the firm's confidence in CoreWeave's positioning, execution, and expanding addressable market. Related articles Northland initiates CoreWeave coverage with Outperform rating, sees $80 PT Airbnb expands offerings with new services, experiences, and redesigned app Robinhood surges nearly 10% on WonderFi deal; Mizuho sees Canada growth potential Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-03-2025
- Business
- Yahoo
Big plans near Boise Airport revived after divisive fraud, stolen idol lawsuits. Why?
Your trip to or from the Boise Airport may look a little different in the future. Plans for a big nearby redevelopment with a 183-unit apartment complex, a 240-room hotel and a 12,000 square-foot Hindu temple have resumed after a divisive court battle stalled them. The developments would transform the decaying Ramada by Wyndham Boise hotel and Saffron Indian Bar and Grill at 3300 S. Vista Ave. — the last property you pass while driving down Vista before crossing Interstate 84 to get to the airport. The site is directly across the street from a Del Taco and Super 8 by Wyndham Boise. The site also includes America's Best Value Inn at 2525 Sunrise Rim Road and Lotus By Hotel Inn at 3302 S. Vista Ave. All would be demolished for the development. The plans drew controversy in 2023 while its owners applied for the redevelopment with former Mayor David Bieter and his employer, Salt Lake City-based Gardner Co. Lawsuits alleged that the property owners had illegally taken control of the property and that they had taken sacred Hindu idols. As of March 10, both lawsuits had been settled with confidential agreements, allowing the development to move forward, according to Steven Weiland, a Boise lawyer who represented the property owners in both lawsuits. Though the project saw some opposition from nearby neighbors, the biggest roadblock for the project came when Las Vegas businessman Hitesh Chokshi sued Boise Management Inc., which owns the properties, along with its property manager, Jayant Patil, and a local owner named Rakesh Kothari. The lawsuit alleged a veritable shopping list of offenses including breach of contract, unjust enrichment, forgery and wrongful conversion of property. A judge threw out most of the allegations in October 2023, saying that Chokshi never had a direct, personal ownership interest in the properties. Chokshi and his company, Utah TM Hospitality, 'undisputedly sold the hotel properties for $6.5 million to Boise Management, in which he has never had an interest,' according to the judge's ruling. Chokshi had asked the court to remove Patil and Kothari from their positions and undo the sale of the property. The judge excoriated Chokshi, saying that his complaint wasn't 'a model of clarity' and that 'Utah TM Hospitality has no evident grounds for asking to have the sale undone.' Chokshi amended his complaint but settled the case over a year later after a one-day court trial on March 3. Chokshi said by phone that they had settled the case with a confidential agreement and could not comment. 'Basically at its core was who owned the holding company for these hotels when the hotels were sold to my client in 2020,' said Wieland, the lawyer representing Patil, Kothari and Boise Management. 'The short version of it is that my client bought a 50% interest in this holding company in 2018 under a promissory note. The seller hired an attorney and under threat of litigation got my client to pay off that note.' 'That same attorney filed a lawsuit after the note had been paid off … saying that note was fraudulent.' In the second lawsuit, Kothari sued four people for defamation in June 2022 after they had posted in a Facebook group that he was refusing to return sacred Hindu idols owned by the Hindu Educational Society of Idaho, or HESI. The society denied the claims and countersued Kothari, his spouse, Patil and 15 Idaho organizations they had organized. Baranikumar Sivakumar, a Boise resident who co-founded the society in July 2020, met Kothari in 2021. The society agreed to rent a ballroom at the Ramada by Wyndham Boise with him to house the idols after a car crashed into a building the society used for religious and cultural services. Patil organized a new religious nonprofit, Boise Hindu Temple Inc., 10 days after HESI moved its idols. But a dispute over how to use the space led Patil to send an email 'demanding' that the society cease all events indefinitely, stop accepting donations, stop sending messages to the community and stop using the Ramada as its registered address. Patil and Boise Hindu Temple kept the idols at the property and blocked members of HESI from entering the ballroom or retrieving them. Patil told the Statesman in 2023 that the idols were communal property and were never owned by HESI, though he would not show the Statesman proof of ownership or a donation slip. That case was closed in November after the parties reached a settlement. 'That one was worked out amicably,' Wieland said. 'The idol situation has been resolved.' The project had all, or nearly all, of the approvals it needed when the lawsuits were filed, he said. 'We're looking forward to moving on and redeveloping that property, which is really a good thing for the community and that neighborhood,' Wieland said. 'I think everybody agrees that those hotels need to be redeveloped.' Wieland noted in 2023 that the hotels were at the end of their productive lives and that nobody thought the hotels were the nicest in town. But the owners needed to keep prices low to make them profitable, which he said tended to attract more-difficult customers. Data obtained by the Statesman from the Boise Police Department through a public records request showed the extent of those difficulties. Boise police were called to the three properties nearly 2,000 times between January 2020 and Oct. 7, 2023 — an average of about 44 calls per month. The calls include 219 for welfare checks, 114 for suspicious subjects or vehicles, 57 for suicidal subjects or attempts, 54 for trespassing, 53 for fights, 46 for narcotics, 12 for fraud and nine for rape. 'These issues have been ongoing for years, and the only way to truly resolve them is to tear down the existing hotels, which is exactly what we're trying to do,' Wieland said then. The development plans would radically change the landscape. According to Gardner Co.'s 2023 plans, construction on the apartments, hotel and Hindu temple would work in three phases. The developers would start with the 183-unit apartment complex, which would include 125 one-, 53 two-, and five three-bedroom units. Thirty-seven of the units would also be reserved as workforce housing for those earning 100% or less of the area median income. In 2025, 100% of the area median income in Boise was $69,115 for a one-person household and $88,880 for a three-person household, according to the city of Boise. To qualify as affordable housing, rents are capped at 30% of income. That means a one-person household would pay a maximum of $1,728 per month in rent and a three-person household would pay $2,222. Area median income changes depending on the number of people in a household. A full list can be found by visiting and searching for 'income guidelines.' The second phase would see the demolition of the motels and construction of a new, five-story hotel that includes a restaurant, meeting space, lounge, board rooms and recreation space. The final phase would focus on the two-story Hindu temple. Bieter said Gardner Co. would meet with the owners over the next several weeks to discuss the project. 'We are pleased with the end of the litigation,' Bieter said by email. 'Now that the project is fully entitled and the litigation resolved, we will be focused on the financing of the project.' One of Idaho's most influential families pivots to luxury real estate. Where, and why? Neighbors fought Nampa family's planned development. Then they fell in love with it. How? A popular SE Boise bridge nearly collapsed in January. It's now reopen. 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