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☆ Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers
▼ + stars: | 2023-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

And Ulta Beauty and Foot Locker 's shares rose this week, after the companies reported better-than-expected earnings and a strong start to holiday spending on sneakers, makeup and more. Adobe predicts that full holiday season online spending from Nov. 1 to Dec. 31 will hit $221.8 billion, which would be a nearly 5% year-over-year jump. If the estimate ends up being correct, that means shoppers still have a little more than half of their online holiday spending to go. The NRF said this week that its survey found about half of consumers' online and in-store holiday shopping remains. "People are just about tapped out, but [with] the holiday season, people are willing to even further extend themselves," he said.

Persons: Emily Elconin, That's, Dave Kimbell, Ulta, Matt Shay, Anastasiia, It's, Vivek Pandya, Pandya, Kena Betancur, Scott Wren, Wells, Shannon Stapleton Organizations: Getty, Adobe Analytics, National Retail Federation, Consumers, Walmart, Target, Adobe Digital, Adobe, Macy's, U.S . Federal, Shoppers, Reuters Locations: Oaks, Novi , Michigan, New York , New York, Wells Fargo, Macy's, Roosevelt, Garden City , New York, U.S

☆ US Thanksgiving weekend sales hit record $38 bln on big discounts - report
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a 5.4% rise. But blockbuster deals rolled out from Thanksgiving Day through Cyber Monday helped spread the holiday cheer for bargain-hunters. Sales on Cyber Monday jumped a better-than-expected 9.6% to a record $12.4 billion, as shoppers clicked "buy" on Hot Wheels toys, PlayStation 5, smart watches and kitchen appliances. Reuters GraphicsAdobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, Adobe Digital, Graphics Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ US Thanksgiving weekend sales hit record on big discounts, online boost
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

More than 200 million shoppers tapped into promotions both in-store and online during the Thanksgiving weekend, the National Retail Federation (NRF) said on Tuesday. That was a jump from the 196 million shoppers seen last year and trumped the trade association's estimates of 182 million. Online shoppers rose 3.1% to 134.2 million, making up for a slight dip in the number of customers who visited brick-and-mortar stores. The weekend saw about 121.4 million in-store shoppers, down from 122.7 million in 2022, according to the retail body. Adobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Matthew Shay, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, National Retail Federation, Shoppers, Adobe Digital, Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

☆ Deal-hunters fuel $12 billion Cyber Monday shopping spree
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Eduardo Munoz Acquire Licensing RightsNov 27 (Reuters) - After a busy holiday shopping weekend, discount seekers are expected to spend between a record $12 billion and $12.4 billion on beauty products, electronics, toys and apparel on Cyber Monday, according to Adobe Analytics. Heavy online traffic and transactions could add up to a boost in sales by U.S. shoppers of 5.4% or more, according to Adobe. Shoppers spent $10.3 billion in the weekend leading up to Cyber Monday, up 7.7% from last year as retailers offered more discounts compared to last year. More merchandise was being discounted in the weekend leading up to Cyber Monday, according to a report from LSEG. Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.

Persons: Eduardo Munoz, Vivek Pandya, Pandya, TJ Maxx, Jharonne Martis, LSEG, Rob Garf, Garf, Vanessa O'Connell, Deborah Sophia, Arriana, David Gregorio, Nick Zieminski Organizations: Workers, REUTERS, Adobe Analytics, U.S, Adobe, Shoppers, Adobe Digital, Walmart, Reuters, Costco, Commerce, Insider Intelligence, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce, Ross

A lot of the spending was driven by deals and buy-now, pay-later programs. The Fed’s “beige book” report on the economy is out on Wednesday, and that will show how inflation is affecting businesses and consumers. But consumers continue to express concern over inflation that has left overall prices higher by about 18% since 2021. “With inflation falling as the Fed keeps rates unchanged, real interest rates continue to tighten,” said Richard de Chazal, macro analyst at William Blair. But consumers remain concerned about inflation and just how much will be seen on Tuesday when the Conference Board releases its consumer confidence index for November.

Persons: SpendingPulse, ”, Vivek Pandya, Signifyd, Richard de Chazal, William Blair, “ Organizations: Adobe Analytics, Adobe Digital, Consumers, Retailers, Federal Reserve, Fed, Wells, ”, Conference Board

☆ Price-sensitive US shoppers nab early 'Cyber Monday' deals
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +3 min

[1/3] Workers select and pack items during Cyber Monday at the Amazon fulfilment center in Robbinsville Township in New Jersey, U.S., November 28, 2022. Heavy online traffic and transactions could add up to a record $12 billion outlay by U.S. shoppers on Cyber Monday, according to Adobe Analytics. "You have consumers out there who are very price-sensitive and conscientious, and who want to make sure they get the very best possible deal." Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days. Last-minute shoppers on Monday could spend $4 billion between 6 p.m. and 11 p.m.

Persons: Eduardo Munoz, Vivek Pandya, Pandya, Rob Garf, Garf, Vanessa O'Connell, David Gregorio Our Organizations: Workers, REUTERS, Adobe Analytics, Adobe Digital, Walmart, Adobe, Commerce, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce

☆ Shoppers click 'buy' as retailers slash prices ahead of Cyber Monday
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 26 (Reuters) - Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States. Despite an earlier start to retailers' holiday promotions this year, there weren't a lot of great deals initially, Garf said. And "consumers clicked the buy button," spending $16.4 billion online in the U.S. and $70.9 billion globally that day, according to Salesforce. Other firms use different measurements to gauge online shopping patterns.

Persons: Brendan McDermid, Rob Garf, Garf, Salesforce, Vivek Pandya, Pandya, Steve Sadove, It’s, Vanessa O'Connell, Leslie Adler Organizations: Westfield Shops, REUTERS, Commerce, U.S . Retailers, Adobe Digital, Adobe, Mastercard, Saks Inc, Thomson Locations: New York City, U.S, United States, Salesforce

☆ Black Friday sees record online sales of close to $10 billion, with more than half coming from mobile purchases
▼ + stars: | 2023-11-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

More than half of that revenue came from mobile purchases, an Adobe analyst told CNBC. "The paradigm has changed around the in-store Black Friday experience," he said. And more than half of that revenue, about $5.3 billion, came from mobile purchases, lead analyst at Adobe Digital Insights, Vivek Pandya, told CNBC. Adobe's report didn't track in-store retail purchases, but an analysis from Mastercard found that in-store purchases were up a little more than 1% from last year. Meanwhile, e-commerce sales jumped by 8.5%, showing once again that more shoppers are opting to make purchases online.

Persons: —, Vivek Pandya, they've, Pandya Organizations: Black, CNBC, Service, Adobe, Adobe Digital, Mastercard

☆ Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
▼ + stars: | 2023-11-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Black Friday's spending spike reflects a consumer who is more willing to spend than in 2022, when gas and food prices were painfully high. Pandya noted that impulse purchases may have played a role in the Black Friday growth since $5.3 billion of the online sales came from mobile shopping. A Mastercard analysis of this year's Black Friday sales found that in-store sales rose just over 1% versus online sales, which grew by over 8% compared to last year. Black Friday kept the momentum going from the day before on Thanksgiving when online sales totaled $5.6 billion, according to a prior Adobe analysis. The report forecasts that online shoppers will spend roughly $10 billion over the course of Saturday and Sunday, and a record $12 billion on Cyber Monday.

Persons: they're, Vivek Pandya, Pandya Organizations: Woodbury, Adobe Analytics, Adobe Digital, Adobe, Mastercard, Target Locations: Lacoste, Central Valley , New York, U.S

Overall, Adobe estimates one in five Americans plan to use buy now, pay later plans to purchase holiday gifts. Retailers have found that customers offered a buy now, pay later option are more likely to have bigger cart sizes or to convert from browsing to checking out. In its report, the Fed cites research that finds that customers spend 20% more when buy now, pay later is available. LexisNexis Risk Solutions provides many buy now, pay later lenders with alternative credit scores for assessing consumers seeking loans, including those who may not have a traditional credit score. In the past two years, Williams has used buy now, pay later plans at stores including Target, BoxLunch, EyeBuyDirect, and Skims.

Persons: Vivek Pandya, Demishia Alford, Alford, “, ”, she’ll, I’ll, I’m, ” Kevin King, Kevin, ” Alford, Jessica Sarceda, ” Sarceda, Sarceda, Allison Williams, Williams, —, ” Jinal Shah, Charles Schwab Organizations: —, Federal Reserve Bank of New, Adobe, Adobe Digital, ”, Retailers, Fed, Consumers, Walmart, LexisNexis, Solutions, Nike, Target, Zip, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Federal Reserve Bank of New York, Greensboro , North Carolina, Santa Monica , California, Amelia , Ohio

☆ India's Pandya ruled out of World Cup, Krishna joins squad
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 4 (Reuters) - India vice-captain Hardik Pandya has been ruled out of the rest of the World Cup after the all-rounder sustained an ankle injury last month, the International Cricket Council (ICC) announced on Saturday as it approved Prasidh Krishna as his replacement. Pandya injured his left ankle while trying to stop a shot with his foot on his own bowling during India's seven-wicket win over Bangladesh in Pune on Oct. 19. Pandya picked up five wickets for the hosts in their opening three matches of the World Cup tournament and pace bowler Krishna has played 17 one-day internationals and two Twenty20 matches for India claiming 33 wickets overall. Krishna will face competition from Jasprit Bumrah, Mohammed Shami and Mohammed Siraj for a spot in India's pace line-up. Semi-finals-bound India have managed well in the absence of Pandya and lead the table with seven wins from as many matches.

Persons: Hardik Pandya, Prasidh Krishna, Pandya, Krishna, Jasprit Bumrah, Mohammed Shami, Mohammed Siraj, Shrivathsa Sridhar, Michael Perry Organizations: International Cricket Council, ICC, Bangladesh, England, India, Thomson Locations: BENGALURU, India, Pune, England , New Zealand, Sri Lanka, South Africa, Kolkata, Bengaluru

☆ COVID lockdown training base kept Shami sharp for World Cup comeback
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

Shami claimed 5-54 in Dharamsala on Sunday to help the hosts to a four-wicket win and a 5-0 unbeaten record at the tournament. Shami said he would rather be training at the home pitch than taking a break from the game. "Sometimes it happens that when you are busy for 12 months, you get relaxed after going home," said the 33-year-old. Shami replaced Pandya, who injured his left ankle during India's seven-wicket win over Bangladesh last week. Shami said he had not minded sitting out India's first four World Cup matches.

Persons: India's Mohammed Shami, Rohit Sharma, Zealand's Daryl Mitchell REUTERS, Adnan Abidi, Mohammed Shami, lockdowns, Shami, Pandya, India's, Chiranjit, Robert Birsel Organizations: Cricket, ICC Cricket, Himachal Pradesh Cricket Association, New Zealand, West Indies, September's Asia, Bangladesh, Caps, England, Thomson Locations: India, New Zealand, Himachal, Dharamsala, Amroha, Uttar Pradesh, Lucknow, Bengaluru

How to Win the Restaurant Reservation Game Scoring a table in New York can seem impossible, but may be easier than you think. Meanwhile, with just three weeks to go, we’re still on the waiting list, which has grown to nearly 60 names. 3 DAYS OUT The Realist Andrew Harroz, 39, a lawyer in Oklahoma City, and his fiancée get a notification that a 5 p.m. reservation table is open. Let patience pay off Even if a restaurant is fully booked, ask to put your name on a waiting list. It’s not a great night for romance: A couple whose reservation for two included the note “Considering proposing” leave the restaurant.

Persons: Semma, seatings, Resy, Gracie de Souza, “, ”, Jatin Mallakunta, they’ll, Ash Hashmi, Santo Pesantez, we’re, Andrew Harroz, He’s, Pesantez, Roni Mazumdar, Vijay Kumar, Pandya, who’ve, Mindy Kaling, it’s, Nathan G, Christine, Nathan, he’s, ” Christine, Gillian Garcia, Hugo Rodriguez, Rodriguez, they’re, let’s, Trinity, Garcia, Arjun Kallapur, ’, Rouven Chopra, Jana Frauns, ” Mr, Chopra Organizations: Washington , D.C, American Express, YouTube Locations: New York, Semma, Indian, New York City, Greenwich Village, Resy, New Orleans, Washington ,, Manhattan, Santo, Oklahoma City, Oklahoma, Los Angeles, United States, Frankfurt, Germany

☆ India ask NZ to bat first in a clash of unbeaten sides
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Twice champions India left out an injured Hardik Pandya and fellow all-rounder Shardul Thakur bringing in batter Suryakumar Yadav and seamer Mohammed Shami. Rohit said India relished chasing on a track, where dew could make bowling difficult in the second innings. "In training yesterday we thought dew came in early," Rohit said. New Zealand, who are without regular skipper Kane Williamson, fielded the same team that beat Afghanistan in their previous match. "We would've bowled first as well due to the dew," stand-in skipper Tom Latham said.

Persons: Daryl Mitchell, Adnan Abidi, Rohit Sharma, Hardik Pandya, Shardul Thakur, Suryakumar Yadav, seamer Mohammed Shami, Rohit, India, Kane Williamson, Tom Latham, Shubman Gill, Virat Kohli, Shreyas Iyer, Ravindra Jadeja, Mohammed Shami, Kuldeep Yadav, Mohammed Siraj, Jasprit, Devon Conway, Will Young, Rachin Ravindra, Glenn Phillips, Mark Chapman, Mitchell Santner, Matt Henry, Lockie Ferguson, Trent Boult, Amlan Chakraborty, Sonali Paul Organizations: Cricket, ICC Cricket, Himachal Pradesh Cricket Association, New Zealand, India, KL Rahul, Thomson Locations: India, New Zealand, Himachal, Dharamsala, Afghanistan, Jasprit Bumrah, Zealand, New Delhi

☆ Six-hitting machine Rohit brings PlayStation-like feel to batting
▼ + stars: | 2023-10-15 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

"He was asking me the secret behind my big sixes, and if it had anything to do with the bat I use," Rohit told Pandya. The elegant right-hander overtook West Indian Chris Gayle's record of 553 sixes in international cricket heading into the match against Pakistan. After Saturday's match, Rohit also became only the third batter - after Gayle and Pakistan's Shahid Afridi - to smash 300 sixes in one-day internationals. "I have been trying to bat like this in the last two years," Rohit said of his batting approach in the World Cup. His 11 sixes from three matches in the ongoing World Cup is second only to Sri Lankan Kusal Mendis' 14 from two matches.

Persons: Narendra Modi, India's Rohit Sharma, Pakistan's Iftikhar Ahmed, Shaheen Afridi, Francis Mascarenhas, Marais Erasmus, Rohit Sharma's, Hardik Pandya, Rohit, Erasmus, Pandya, Chris Gayle's, Gayle, Pakistan's Shahid Afridi, Mendis, Dinesh Karthik, Rohit Sharma, there's, Karthik, Amlan Chakraborty, Muralikumar Organizations: Cricket, ICC Cricket, Shaheen Afridi REUTERS, Rights, Pakistan, Narendra, West, Sri, Sky Sports, Thomson Locations: India, Pakistan, Ahmedabad, Rights AHMEDABAD, Sri Lanka, Sri Lankan, Bangladesh, Pune

☆ Net run-rate concern not a factor, says India's Bumrah
▼ + stars: | 2023-10-11 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

Net run-rate could come into play later in the tournament, but Bumrah denied it was a factor in India's performance against Afghanistan. (Besides) we did not know that Rohit will give us such a headstart," Bumrah told reporters. Bumrah claimed figures of 4-39 to help restrict Afghanistan to 272-8. Just because I've taken four wickets that doesn't mean I'm very, very happy or I've done something extraordinary," he said. Reporting by Amlan Chakraborty in New Delhi; editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Arun Jaitley, Pandya, Afghanistan's Mohammad Nabi, Jasprit Bumrah, Anushree, Rohit Sharma, Bumrah, Rohit, I'm, I've, Amlan Chakraborty, Ed Osmond Organizations: Cricket, ICC Cricket, Jasprit Bumrah REUTERS, Arun, Afghanistan, Thomson Locations: India, Afghanistan, New Delhi, DELHI, New Zealand, Pakistan, Ahmedabad

☆ Rohit flattens Afghanistan as India romp to second win
▼ + stars: | 2023-10-11 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

[1/9] Cricket - ICC Cricket World Cup 2023 - India v Afghanistan - Arun Jaitley Stadium, New Delhi, India - October 11, 2023 India's Rohit Sharma in action as he hits four runs REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Oct 11 (Reuters) - World Cup hosts India cantered to their second successive win of the tournament after captain Rohit Sharma's incendiary century set up their eight-wicket thrashing of Afghanistan on Wednesday. Electing to bat, Afghanistan were 63-3 in the 14th over before skipper Hashmatullah Shahidi (80) and Azmatullah Omarzai (62) combined in a 121-run stand to frustrate India. Rohit became the first batter to smash five hundreds in a single World Cup in the tournament's previous edition in England and Wales four years ago. Rohit treated Rashid with disdain, hitting him for back-to-back fours and following it with a six, but the spinner eventually had his revenge. Rohit lost his stumps to Rashid attempting a slog-sweep but Kohli stayed put to guide India home.

Persons: Arun Jaitley, India's Rohit Sharma, Anushree, India cantered, Rohit, Virat Kohli, Hashmatullah Shahidi, Azmatullah Omarzai, Hashmatullah, Jasprit Bumrah, Ibrahim Zadran, Mohammed Siraj, Bumrah, Rahmanullah Gurbaz, Rahmat Shah, Omarzai, Pandya, Kuldeep Yadav, Fazalhaq Farooqi, Rashid Khan, Mohammad Nabi, Rashid, Ishan Kishan, Kohli, Amlan Chakraborty, Christian Radnedge, Ed Osmond Organizations: Cricket, ICC Cricket, India, Arun, India's, Wales, Thomson Locations: India, Afghanistan, New Delhi, DELHI, Saturday's, Pakistan, Ahmedabad, England

Companies Reliance Industries Ltd FollowGREATER NOIDA, India, Oct 4 (Reuters) - Indian oil refining giant Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) on Wednesday, as it makes a big push on clean energy. Reliance, led by billionaire Mukesh Ambani, displayed removable and swappable batteries for EVs that can also be used to power household appliances through an inverter at a renewable energy exhibition. The batteries can be swapped at Reliance's battery swap stations or re-charged by households using rooftop solar panels, which also it plans to sell, the executives added. Development of battery storage solutions is a part of Reliance's bigger $10 billion green push towards clean energy projects. The factory will be set up by 2026 and will make batteries and containerised energy storage solutions.

Persons: Mukesh Ambani, Arpan Chaturvedi, Aditi Shah, Dhwani Pandya, Kim Coghill Organizations: Reliance Industries, Reliance, Electric, Thomson Locations: NOIDA, India

☆ India out to end decade of hurt at home World Cup
▼ + stars: | 2023-10-01 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

India won the Asia Cup last month, beating former world champions Pakistan and Sri Lanka at the tournament, and have all their frontline players available after welcoming back Jasprit Bumrah, KL Rahul and Shreyas Iyer from injury. Rohit has spoken frequently about his desire to win a global title and even as firecrackers were going off in Colombo after the Asia Cup final the opener told fans to put their celebrations on hold until they win the World Cup. HOME ADVANTAGEHome comforts could prove crucial at the World Cup. Kohli may not get another chance to win the World Cup as he will be almost 39 by the time the next edition rolls in 2027. Perched on his team mates' shoulders on a victory lap of the world's largest cricket stadium after the Oct. 19 final would be a fitting World Cup farewell for another Indian batting great.

Persons: Rohit Sharma, Shreyas Iyer, Rohit, Shubman Gill, Virat Kohli, Ishan Kishan, Suryakumar Yadav, Bumrah, wristspinner, Pandya, Kohli, Mahendra Singh, Sachin Tendulkar, Amlan Chakraborty, Peter Rutherford Organizations: India, Asia, Pakistan, Australia, Thomson Locations: DELHI, India, Sri Lanka, Colombo, Mumbai, New Delhi

☆ Ruthless India rout Sri Lanka to win Asia Cup as paceman Siraj shines
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +3 min

Hardik Pandya bagged three wickets while Jasprit Bumrah claimed one as Sri Lanka registered their second lowest total in one-day internationals, lasting only 92 balls. India needed 6.1 overs to achieve the target for a timely boost before their home World Cup beginning next month. "It's like a dream," Siraj, who became only the fourth bowler to take four wickets in an over in ODIs, said after the Sri Lanka innings. "I got four early wickets last time I played Sri Lanka (earlier this year) but unfortunately I could not register a five-wicket haul. Bumrah removed Kusal Perera in the first over to trigger a collapse and the Sri Lanka batters looked helpless as Siraj breathed fire with the new ball.

Persons: Mohammed Siraj, Siraj, Pathum Nissanka, Sadeera, Charith, Dhananjaya de Silva, Hardik Pandya, Jasprit Bumrah, Kusal Perera, Kusal Mendis, Dushan Hemanta, Rohit Sharma, Ishan Kishan, Shubman Gill, Kishan, Gill, Chris Silverwood bemoaned, Amlan Chakraborty, Ken Ferris Organizations: Asia, Sri Lanka, Sri, Thomson Locations: COLOMBO, India, Sri Lanka, Australia, Chennai, New Delhi

Petrol vehicles have been the top sellers in recent years - increasing their market share to around 68.4% in January-July 2023 from 42.5% in 2014, according to data from automotive market intelligence provider JATO Dynamics. Cost-conscious Indians are preferring to buy petrol cars as they are cheaper than diesel, even though diesel cars offer better fuel efficiency. DIESEL VEHICLES:Tuesday's warning from minister Nitin Gadkari targeted diesel carmakers, whose market share has seen a steady decline to nearly 18% of passenger vehicles in January-July this year from 47.9% in 2014. But when it comes to luxury cars, diesel variants remain in vogue, with their market share rising to 33% so far this year from 31% in 2021. Among automakers, Mahindra and Mahindra (MAHM.NS) has the highest diesel car market share with 47% of unit sales so far this year, up from 28% in 2021.

Persons: Maruti Suzuki, Nitin, Tesla, Aditi Shah, Aditya Kalra, Mark Potter Organizations: Maruti, Tata Motors, Volkswagen, Society of Indian Automobile Manufacturers, JATO Dynamics, Mercedes, BMW, Audi, Mahindra, Hyundai, Kia, Thomson Locations: MUMBAI, China, United States, India

☆ Kohli, Rahul fire as India thump Pakistan in Asia Cup
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +3 min

Sept 11 (Reuters) - India beat rivals Pakistan by 228 runs after Virat Kohli passed 13,000 in one-day internationals en route to his 47th century and KL Rahul marked his return from injury with a ton in a lopsided Asia Cup Super Four clash in Colombo on Monday. India spinner Kuldeep Yadav (5-25) ripped through Pakistan's lineup following a brief rain interruption after Jasprit Bumrah removed Imam-ul-Haq and Hardik Pandya castled the dangerous Babar Azam. Kohli and Rahul saw off the threat of Pakistan's pace attack, missing Rauf due to a right flank problem, and the duo targeted the spinners to post 356-2 in 50 overs. Rahul and Kohli's unbeaten 233-run partnership for the third wicket was the highest stand in the Asia Cup. India, whose group meeting with Pakistan in Pallekele this month was abandoned due to rain, take on Sri Lanka on Tuesday.

Persons: Virat Kohli, Rahul, Kohli, Naseem Shah, Haris Rauf, Kuldeep Yadav, Bumrah, Haq, Pandya, Babar Azam, Rohit Sharma, Shubman Gill, Rohit, Rauf, Kohli's, It's, we've, Iftikhar Ahmed, Shadab Khan, Shreyas, carting Faheem Ashraf, Shrivathsa Sridhar, Ken Ferris Organizations: Pakistan, Asia, Thomson Locations: India, Colombo, Pallekele, Sri Lanka, Bengaluru

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Sept 8 (Reuters) - U.S. chip firm Nvidia and telecom-to-retail giant Reliance on Friday announced an AI partnership to create language models, generative apps and a cloud infrastructure platform for AI development in the South Asian nation. "Reliance will create AI applications and services for their 450 million Jio (telecom) customers and provide energy-efficient AI infrastructure to scientists, developers and startups across India," Nvidia said. Nvidia globally has a near-monopoly on the computing systems used to power services like ChatGPT, OpenAI's blockbuster generative AI chatbot. Reliance said the new AI infrastructure will speed up a range of India's key AI projects, including chatbots, drug discovery, and climate research. Separately, India's Tata Group too is set to announce an AI partnership with Nvidia later during Friday, a source with direct knowledge of the matter told Reuters.

Persons: Dado Ruvic, Mukesh Ambani, Grace Hopper Superchip, Reliance, Neil Shah, Munsif, Aditya Kalra, Sharon Singleton, Kim Coghill, David Evans Organizations: NVIDIA, REUTERS, Rights, Nvidia, Reliance, Counterpoint Research, Reuters, India's Tata Group, Thomson Locations: India, Bengaluru, Dhwani Pandya, Mumbai, New Delhi

Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, India, August 15, 2023. REUTERS/VarunVyas Hebbalalu/File Photo Acquire Licensing RightsNEW DELHI, Sept 7 (Reuters) - Singapore's investment firm Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. Ola did not respond to a Reuters request for comment, while Temasek, which is an existing investor in Ola Electric, declined to comment. Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group (9984.T), has become India's e-scooter market leader with a 32% share, competing with Ather Energy as well as companies such as TVS Motor (TVSM.NS) and Hero Electric. Valued at $5 billion last year, Ola sold around 95,000 e-scooters during April-August 2023, industry data showed.

Persons: Ola, VarunVyas, Ola Electric, Bhavish Aggarwal, Japan's, Aditya Kalra, Aditi Shah, Yantoultra Ngui, Dhwani Pandya, Rashmi Organizations: REUTERS, Temasek, Japan's SoftBank, Ather Energy, TVS, Reuters, Thomson Locations: Pochampalli, Tamil Nadu, India, DELHI, India's, Temasek, Ola

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