TMS Ep560: Saudi eyes IPL, Virat Kohli, Samvat 2079, FTX-Sam Bankman-Fried

Saudi Arabia reportedly wants to move IPL into a holding company and acquire a significant stake in it. And that stake’s worth could be as high as 5billion Dollars. Reports also claim that the kingdom’s de-facto ruler wants to expand IPL into other countries, on the lines of the English Premier League. But why do Saudis want a piece of IPL pie? 

Any discussion on IPL would be incomplete without the mention of Virat Kohli. The star batter who has scored maximum runs in this format. And in T20 too. Just last week, Kohli scored his 49th ODI century, equalling the record of his cricketing role model Sachin Tendulkar. In our next segment, find out if Kohli is the greatest ODI batter?

Like its cricket team, India’s financial markets too are on a roll. Despite aggressive interest rate hikes worldwide, and geopolitical crisis, Indian markets are ending Samvat 2079 with sparkling returns. The benchmark indices are up about 10% each, while the broader market indices have zoomed over 30%. Here's a wrap on the outgoing Samvat, highlighting key events that unfolded during the year, and the biggest wealth builders and destroyers during the period.

After stocks, let us see what is happening in the crypto space. Erstwhile crypto king Sam Bankman-Fried was convicted of wire fraud and conspiracy to launder money last week. He now faces up to 115 years in prison. Bankman-Fried was the founder of the now-bankrupt crypto exchange FTX. Here's the entire Bankman-Fried-FTX saga and more.