India crush Australia by an innings and 132 runs

Garvit Narang

Nagpur: The Indian spin twins, Jadeja & Ashwin, played a crucial role with the ball, while Rohit’s ton closed the half-open gates of comeback for the Aussies

On Saturday, India won the first test of the Border-Gavaskar trophy convincingly with an innings and 132 runs within three days, handing Australia an embarrassing defeat. The first test was noth- ing more than a onesided affair, where the hosts completely sidelined the opponents in both batting and bowling departments. India has taken a confidence boosting 1-0 lead in the four-match contest.

After an unforgettable 36 all-out performance by India in the first test of 2020-21 Border-Gavaskar Trophy, the Indian team came back strongly and brought the reputed possession home. Be- fore the start of the first test of this edition at Vidarbha Cricket Sta- dium in Nagpur on February 9, the cricket fraternity had split reac-

INDIA (W) VS PAK (W)

T20 WC TODAY tions on whether India will be able to retain the trophy being the hosts.

India women’s cricket team are set to begin their campaign in the T20 World Cup in South Africa on Sunday. Harmanpreet Kaur-led India will play against Pakistan women in their first match at the tournament. A total of ten teams from across the globe are getting featured in the competition and they have been divided into two groups- A and B.

While the India’s goto bowlers Ravindra Jadeja and Ravichandran Ashwin broke the backbone of the Australian batting order with a fifer each in the first and second inning respectively, the skipper Rohit Sharma led from the front with a ton and set the platform for Jadeja (70 in 185 balls) and Axar Patel (84 in 174 balls) to chip in with impressive halfcenturies to take the team’s first innings to- tal to 400.

On the other hand, Australia, led by the pace spearhead Pat Cummins, could only manage 177 and 91 in the first and second innings respectively. Debutant Todd Murphy was the pick of the bowlers, claiming 7 wickets in the only Indian inning.

Indian all-rounder Ravindra Jadeja was awarded the Man of the Match award for his 7 wickets and 70 runs with the bat.

Managing Director, Saab India Technologies, Mats Palmberg said.

reserve found is of best quality’

Jammu (PTI): The country’s first lithium reserve, found in Jammu and Kashmir, is of the best quality, a senior government official said here on Saturday, as upbeat villagers expressed hope the discovery will bring them a bright future.

The 5.9-million ton reserve of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in Reasi district by the Geological Survey of India (GSI).

JK LAKSHMI CEMENT

Q3 RESULTS: NET PROFIT UP 24%

New Delhi: JK Lakshmi Cement recorded an increase in Net Sales by 25 per cent to Rs1488.53

Crore in Oct-Dec ’22 from Rs1193.41 Crore in the corresponding Quarter Oct-Dec ’21. In spite of unabated rise in fuel prices, JK Lakshmi Cement improved its profitability on account of higher volume, improved efficiency parameters, optimization of sales and product mix. EBITDA rose to Rs175.20

Crore in Oct-Dec ’22 from Rs162.84 Crore in October-Decmber ’21. —ANI

M&M POSTS 14% GROWTH IN THIRD QUARTER

Profit

Warren Buffet’s “Never bet against America” statement underscored his long-held belief in the American dream and its capacity to unleash human potential. Well, now the same can be said for India. India, replaced the UK last year and became the fifth-largest economy in 2022. In the last 30 years, India has stood out among other emerging markets, growing resiliently throughout all ebbs and flows

As the world teethers around recessionary fears, India has emerged as a bright spot. The resilience it has demonstrated in the past two years is a testament to its arrival on the world stage. China now has taken a back seat not just because of its covid zero policy-led slowdowns but because of structural flaws in its real estate market and the tech crackdown.

Mumbai: Mahindra & Mahindra has posted a 14% rise in its profit after tax to Rs2,044 crore for quarter ended December 2022, against Rs1,337 crore in the year-ago period. As per company, the revenue surged 41 per cent to Rs21,654 crore in the reviewed quarter, against Rs15,349 crore in the corresponding period the previous year. The company also said its revenue from its Auto and Farm business also went up 42 per cent to Rs 21,074 crore in the reviewed period. —ANI

GST COMPENSATION: CENTRE OWES OVER `2.4K CR, SAYS WB investment funds (AIFs), pension funds, and portfolio management services (PMS) grew from Rs. 63 lakh crore in FY2017 (41% of GDP) to Rs. 135 lakh crore in FY2022 (57% of GDP). This has helped the financialization of savings.

Global leaders and economists deeply believe in India’s strong ability to be the best bet to attract global investments amidst the China+1 theme gaining ground.

India is expected to record a GDP growth of 7% in FY 2022-23, making it the fastest-growing economy in the world. Its booming startup and investments from corporates into green energy, deep tech, and technology will drive India to its short-term goal of being a $7 trillion economy by 2030 very soon at this rate.

India’s index has massively outperformed compared to China’s and the MSCI Emerging Market index. While Nifty is up by 70% in the last 5 years, MSCI Emerging Markets and China’s Hang Seng Index are down by 14% and 28% respectively. This underscores the growth potential and hence the premium India should command versus its peers.