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Daily Briefing: The MI magic behind IPL 2025 retentions

In today’s edition: What Indian firms on US sanctions list do; PM Modi on ‘one nation, one secular civil’ code; A key pattern in cyber fraud cases

top news todayTop news on November 01, 2024.

As we celebrated the festival of lights in various ways, the Indian Army shared pictures of Indian and Chinese soldiers exchanging sweets at several areas along the Line of Actual Control (LAC). This comes just a day after the two countries completed the process of disengagement at two friction border points. It seems like it was indeed a happy Diwali at the border as well.

The festive season is on, in full swing, with food—sweet, savoury, and deep-fried— taking centrestage. If you are keen to make your celebrations healthier, today’s special episode of our 3 Things podcast might have some tips for you.

🚨Big Story

On Thursday, the 10 Indian Premier League franchises announced their list of retained players. This comes ahead of the mega-auction and a fresh three-year cycle, starting with the IPL 2025 edition.

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Core strength, tight: How the Mumbai Indians (MI) held on to their most sought-after stars after a nightmarish season is a fascinating IPL retention story. In a nutshell, what worked for MI to retain its best was a bunch of wounded players keen to bring back glory to the city that won five IPL titles so far.

The order of retention – with fine balance and nuanced signalling – looks like this on paper:

  • The world’s best all-format bowler Jasprit Bumrah is the most valuable player with the highest retention pay (Rs 18 crore).
  • The two captains – Hardik Pandya for MI last season and Suryakumar Yadav for India’s T20Is – are on par at Rs 16.35 crore.
  • As for Rohit Sharma, who retired from T20 cricket after leading India to the T20 World Cup, gets Rs 16.30 crore.

Calling the shots: Now, it was Rohit who made the complex task of grading their equally important players easier for the franchise, as per sources involved in MI retention discussions. Three from the core group– Rohit, Surya and Hardik–agreed that Bumrah had to be the top retention player. A string of honest conversations, large-heartedness of players and a consensus among players of putting collective goals ahead of team hierarchy seems to have paid off.

Big let-go(s): Among the skippers, Delhi CapitalsRishabh Pant, and KL Rahul who captained LSG since their inception, Royal Challengers Bengaluru’s Faf du Plessis and Kolkata Knight RidersShreyas Iyer are back in the auction pool. Iyer led the Knight Riders to the IPL 2024 title, with the now-Indian coach Gautam Gambhir in tow.

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RCB’s hopes up: RCB has opted to retain Virat Kohli for the next three-year cycle, making him the most expensive Indian retention at Rs 21 crore. In an emotional message to fans, he spelt out the targets for the franchise, starting with winning the title “at least once”. Kohli, per media reports, is set to return as captain of the IPL franchise he’s played for since 2008.

P.S. Chennai Super Kings (CSK) fans can rest easy and gear up for Thala as MS Dhoni has been retained for Rs 4 crore under the new uncapped player rule.

⚡Only in Express

Over nine years ago, the world pledged to slash emissions drastically. With global emissions still on the rise, it has failed miserably to do so, and the target of keeping global warming below 1.5 degrees seems beyond hope. In two weeks, countries assemble for yet another climate conference, but the minimal progress made till now paints a grim picture for the future of climate action.

📰 From the Front Page

Electronic components, aircraft parts, machine tools— this is what 19 Indian entities facing sanctions from the United States supply to Russia. Amidst the war with Ukraine, a number of US’s Russia-related sanctions pertain to the export of dual-use goods, used for both civil and military applications.

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“Our attempts at unity are now going to result in one nation, one election which will strengthen democracy in India and bring the optimal outcome of the resources… We are moving towards a one nation, one civil code…’

This is what Prime Minister Narendra Modi said at the National Unity Day celebrations in Gujarat on Thursday, where he called for a “secular civil code” to “eliminate discrimination” and strengthen unity.

📌 Must Read

Market pulse: In the backdrop of the stock market falling by more than 7 per cent over the last month, domestic institutional investors (DII), led by insurance companies and mutual funds, made a net investment of Rs 98,400 crore in the cash market. DIIs invested Rs 463,984 crore in the secondary market since November last year, making Samvat 2080 the record year of investment by domestic institutions.

On shaky ground: Following the nomination deadline for the Maharashtra Assembly polls, the ruling Mahayuti alliance and the Opposition Maha Vikas Aghadi (MVA) find themselves on shaky ground. Both camps are facing a host of rebels who have the potential to damage the electoral prospects of their candidates.

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Looking for answers: Wild elephants are dying under mysterious circumstances in Bandhavgarh Tiger Reserve, leaving wildlife officials in a frenzy. On Thursday, the death toll of these tuskers rose to 10, after officials stumbled upon the dead body deep inside the forest during a combing operation. Going by “circumstantial evidence”, the creatures are showing strains of toxicity in their stomach, and it is suspected that they consumed kodo millets.

⏳ And Finally…

‘Sleep with your camera on’

The staging is elaborate: a backdrop resembling a police station; high-profile names dropped on the go; central investigative agencies, and even the Supreme Court invoked. The fear is the weapon: The threats range from arrests to jail time, and sometimes to life itself. But what’s all this for? This is a key pattern that has emerged in investigations into cyber fraud cases.

That’s all for today.

Until tomorrow
Vibha B Madhava and Ayesha

Vibha B Madhava is a sub-editor at the news desk for IndianExpress.com. She is interested in writing about gender, culture and politics of ableism. Having specialised in digital journalism, she is keen to explore various forms of interactive, multimedia storytelling. Apart from that, she also likes to experiment with social media. Qualification, Degrees/other achievements: Bachelor's degree in Media and Communication from Manipal Institute of Communication, Manipal Academy of Higher Education. PG Diploma in Integrated Multimedia Journalism from Asian College of Journalism, Chennai. With The Indian Express, this is Vibha's first stint in pursuing journalism in a full-time capacity. Previous internship experience: Deccan Herald, Bengaluru; The News Minute, Bengaluru; The Mojo Story; Radio Indigo 91.9 and Fever FM 94.3 (Hyderabad) You can find her on Twitter as @VibhaBMadhava , on LinkedIn (Vibha B Madhava), or write to her at vibha.madhava@indianexpress.com. ... Read More

Ayesha works as a Senior Sub Editor at indianexpress.com news desk. She is interested in current affairs, climate change, politics and artistic expression of all kinds. She did a Bachelor's in Liberal Arts, with a major in English and a minor in Politics, from King's College London. At Express, she writes for the morning newsletter, The Daily Briefing, and a weekly climate newsletter, The Icebreaker. Previously, she worked at The Quint. You can reach out to her at ayesha.jain@indianexpress.com.   ... Read More

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