Newsbytes

ICC prize money for winner of Champions Trophy 2025

The return of the Champions Trophy for the first time since 2017 will see the winners of the eight-team tournament earn $ 2.24 million, as well as the trophy they will lift on March 9, as stated in a release from ICC. The runners-up will receive $1.12 million, while the losing semi-finalists walk away with $560,000 each, from the total prize pot of $ 6.9 million, a 53 per cent increase from the 2017 edition, the release added.

Every match counts at the Champions Trophy and each group match win is worth more than $34,000 to the victorious team. Teams that finished fifth or sixth will each earn USD 350,000 while the seventh and eighth-placed sides take home $ 140,000. In addition, all eight teams are assured of $ 125,000 each for competing in the Champions Trophy 2025. The first global cricket tournament to be hosted in Pakistan since 1996 promises to be a thrilling two-week competition, with matches played in Karachi, Lahore and Rawalpindi.

Adani-backed firm in race for SSLV project

Adani Group is a finalist, alongside two government-linked groups, to take over private production of India’s Small Satellite Launch Vehicle. The SSLV, developed by the Indian Space Research Organisation, is a low-cost vehicle capable of deploying satellites of up to 500 kg (1,100 pounds) into low-Earth orbit, or LEO - the most sought after segment of the satellite launch market. After its first successful launch in 2023, the government moved to transfer the vehicle’s production and technology to private industry as part of a broader push to expand India’s commercial space sector. That move has been the highest-profile piece of India's privatisation efforts, which the government hopes will help the country claim a greater share of the booming global satellite launch market, dominated by private players such as SpaceX. About 20 companies initially expressed interest in bidding for the SSLV, the first privatisation of its kind. The three finalist consortiums include Alpha Design Technologies, in which Adani Defence Systems and Technologies owns a stake; state-backed Bharat Dynamics Limited; and Hindustan Aeronautics Limited. The winning company is expected to pay India's space agency about 3 billion rupees ($30 million) for the SSLV, covering design know-how, manufacturing processes, quality-assurance training, and up to 24 months of technical support or two successful launches.

NOTA records lowest percentage share in 2024 poll