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NEW DELHI: Pakistan, the defending champions, have been knocked out of the ICC Champions Trophy 2025 after suffering back-to-back defeats against New Zealand and India, respectively.
Their early exit was sealed when New Zealand defeated Bangladesh on Monday, eliminating Pakistan from the tournament before the knockout stage. With that, Pakistan became the third host nation, after India and South Africa, to be eliminated in the group stage of the tournament.
In a dead rubber on Thursday, Pakistan will lock horns against Bangladesh in their final group-stage match of the tournament.
Over the years, different nations have hosted the ICC Champions Trophy, with varying levels of success for the home teams.
In 1998, Bangladesh was awarded hosting rights to promote cricket in the country, though they did not participate as they were not yet a Test-playing nation. Despite devastating floods threatening the tournament, it went ahead, with 10% of gate revenue donated to flood relief efforts.
In 2000, Kenya hosted the event but was eliminated in the pre-quarter-finals after an eight-wicket loss to India, with Rahul Dravid starring with the bat and Anil Kumble winning Player of the Match.
In 2002, Sri Lanka hosted and topped their group, eventually reaching the final against India. However, rain on both the final and reserve days forced the teams to share the trophy.
England hosted the 2004 edition, reaching the final but losing to the West Indies.
In 2006, India hosted the tournament but failed to progress past the group stage, finishing behind Australia and the West Indies.
South Africa hosted in 2009 but had a disappointing campaign, finishing fourth in their group and failing to advance.
England and Wales hosted again in 2013, with India defeating the hosts in the final to claim their second Champions Trophy title.
In 2017, England once again hosted but were eliminated in the semi-finals by Pakistan, who went on to win their maiden Champions Trophy.
Now, in 2025, Pakistan hosted the tournament but suffered an early exit, marking another instance where the host nation failed to capitalise on home advantage.

The Foreign, Commonwealth and Development Office said the latest set of sanctions will target producers and suppliers of machine tools, electronics and dual-use goods for Russia’s military, including microprocessors used in weapons systems.

“These are based in a range of third countries including Central Asian states, Turkey, Thailand, India and China, which is the largest supplier of critical goods for Russia’s military,” the FCDO said.

Inussia Impex Private Limited, described as an India-based company that has exported “Common High Priority goods, including western-produced microelectronics” to Russia, appears on a list of companies named by the FCDO under the heading of “International enablers and suppliers to the Russian Defence Sector”.

It came as British Prime Minister Keir Starmer virtually addressed a meeting of European leaders hosted by Ukrainian President Volodymyr Zelensky to stress that US President Donald Trump had “changed the global conversation” around the conflict and created an opportunity.

Ahead of his all-important bilateral talks with Trump in Washington on Thursday, the British prime minister was keen to stress the importance to “keep dialling up the economic pressure” on Russian President Vladimir Putin.

“Russia does not hold all the cards in this war because the Ukrainians have the courage to defend their country, because Russia’s economy is in trouble,” said Starmer.

“So we must increase the pressure even further to deliver an enduring peace, not just a pause in fighting… we’re announcing the UK’s largest package of sanctions since the early days of the war, going after Russia’s shadow fleet and going after companies in China and elsewhere who are sending military components,” he said.

According to the FCDO, for the first time the UK is using new powers to target foreign financial institutions supporting Russia’s war machine, including Kyrgyzstan-based OJSC Keremet Bank, disrupting Moscow’s use of the international financial system to support its war efforts.

“As the world marks the grim milestone of Putin’s full-scale invasion entering its fourth year, we cannot and will not turn our backs on Ukraine in their fight for our shared security,” said Foreign Secretary David Lammy.

“Lasting peace will only be achieved through strength. That is why we are focused on putting Ukraine in the strongest possible position,” he said.

The UK claims its new sanctions package will put further pressure on Putin’s energy revenues, a vital source of his funding for the war with Ukraine. Additionally, 14 “New Kleptocrats” – some of whom are fronting strategic sectors of Russia’s economy such as Roman Trotsenko, one of the wealthiest men in Russia worth GBP 2.2 billion – are also on the sanctions list. Kleptocracy is a reference to the wealthy Russian oligarchs believed to be funding Russia’s conflict in Europe.

Simultaneously, the UK Home Office has announced a move to widen travel sanctions against such Kremlin-linked elites.

“My message to Putin’s friends in Moscow is simple: you are not welcome in the UK,” said UK Security Minister Dan Jarvis.

“These new measures send a powerful message that we will do what it takes to turn the tables on Putin’s aggression,” added UK Defence Secretary John Healey.

This article was generated from an automated news agency feed without modifications to text.

The brokerage firm CLSA believes Tesla’s potential entry into India could accelerate the premiumisation of the car market. According to the brokerage firm, Tesla which is likely to enter the Indian markets, is unlikely to pose a significant challenge to the domestic players in the country like Maruti Suzuki, Hyundai, Tata Motors, and Mahindra & Mahindra in the near term.

“We do not believe that Tesla’s entry would have any significant impact on Maruti Suzuki, Hyundai Motors India or Tata Motors,” said the brokerage in its report.

CLSA: Tesla’s impact, limited competition for mass market

Despite Tesla’s global dominance in the EV market with a 15% share and major sales in China (40%) and the US (35%), its impact in India may remain limited. India’s EV penetration currently stands at just 2.4%, which is significantly lower than China (30%) and the US (9.5%).

CLSA expects EV adoption in India to increase to 15% by FY28 and 25% by FY30 due to new launches, price convergence between EVs and internal combustion engine (ICE) vehicles, and stricter emission norms (CAFE III and IV).

CLSA: Import duties and manufacturing challenges

Tesla’s cheapest model in the US costs around $35,000, which is approximately Rs 29 lakh in the Indian currency, whereas the average selling price of cars in India is around $14,000, that is, Rs 11.6 lakh).

The high import duties, 110% for cars priced above $40,000 and 60% for those below $40,000, make direct imports unviable.

“In comparison, the Indian BEV market is nascent, with just c.2.4% EV penetration today. However, with new launches in coming months by key players, continued convergence in prices between ICE and EVs and the government’s stringent emission norms (CAFE III and CAFÉ IV), we believe BEV penetration is set to move to c.15% by FY28 and c.25% by FY30. Thus, even if we assume Tesla gains market share of c.10-20% in EVs by FY30, it would imply overall PV share of c.2-5%,” added the brokerage in its report.

CLSA: Pricing challenges, still a premium product

Even with a potential reduction in import duties to 15to 20%, the on road price of Tesla’s Model 3 in India would be around Rs 35 to Rs 40 lakh. CLSA notes that this pricing would be 20-50% higher than models like the Mahindra XUV 9e, Hyundai e-Creta, and Maruti Suzuki e-Vitara, making it less attractive to mass-market buyers.

“We believe that if Tesla positions itself with Model 3 at an on-road price that is c.20-50% higher than models like Mahindra XEV 9e, e-Creta, e-Vitara etc, it would not significantly impact domestic EV models. Factors such as spacious interior, features, aesthetics, better resale value visibility and right pricing are the key drivers in car purchase decisions, regardless of the powertrain, in our view,” added the brokerage in its report.

A Harley-Davidson-like challenge?

“Currently, Tesla’s Model 3 and Model Y are the most affordable models in its portfolio, priced at around US$35k in the US at factory level. Thus, Tesla either needs to sell the same models with reduced features to lower cost for the Indian market or incur losses. We believe the situation would be similar to the question of acceptance of Harley X440 bikes by Indian consumers, which are priced c.20% higher than RE Classic 350, with sales figures of c.1,500 units and c.28,000 units per month, respectively,” noted the brokerage further in its report. 

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PM Modi cited World Bank’s recent Global Economic Prospects report, which said that India will remain the fastest-growing major economy for the next two years.

India will remain the world’s fastest-growing economy in the near future, prime minister Narendra Modi said on Monday, and pointed to the World Bank’s ‘confidence’ in the country.

“World Bank has expressed confidence that India will continue to be the world’s fastest -growing economy in the coming years,” PM Modi said in Madhya Pradesh’s capital Bhopal, where he inaugurated the mega ‘Invest Madhya Pradesh – Global Investors Summit-2025.’

The World Bank had recently said in its Global Economic Prospects report that India will remain the fastest-growing major economy for the next two years.

In 2022, India overtook the United Kingdom as the fifth-largest economy, and is only behind the United States, China, Germany, and Japan.

PM Modi has repeatedly asserted that during his ongoing third term, which he clinched in June last year, the country’s economy will be the third-largest globally.

PM calls Madhya Pradesh a ‘preferred business destination’

PM Modi also unveiled 18 new policies of the Madhya Pradesh government, which is led by his Bharatiya Janata Party (BJP).

He noted that Madhya Pradesh, with its strong talent pool and thriving industries, is becoming a ‘preferred business destination.’

“The speed of development in Madhya Pradesh has doubled after the formation of the ‘double engine’ government in the state,” he said, invoking the term coined by him to pitch for his idea of having the same party (BJP) in power, both at the Centre and a state.

The prime minister also mentioned that Madhya Pradesh, a BJP-led state since the early 2000s, is among the states playing a leading role in India’s electric vehicles revolution.

(With PTI inputs)

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India News Live: Stay informed with our live blog covering India’s latest in politics, economy, crime, and general news. Get real-time updates on political developments, financial trends, crime reports, and important events across the country. Stay connected with the most crucial stories shaping India, all in one place.

India v Pakistan: As Rohit Sharma, Virat Kohli and co, led India to a victory against neighbour and bitter cricketing rival Pakistan, memes flooded social media.

India triumphed over Pakistan by six wickets, thanks to a stellar performance from Virat Kohli, in a thrilling encounter at the ICC Champions Trophy 2025, at the Dubai International Cricket Stadium on February 23.

The buzz has been ongoing since last evening, with even brands, corporates and official accounts joining in the fun. We take a look.

Blinkit says ‘Sorry, not sorry…’

Poking fun at the “broken TVs” in Pakistan due frustration from to the cricket match loss to India, quick delivery app Blinkit took to social media platform X (formerly known as Twitter), to apologise for being unable to deliver replacement televisions for likely customers in the neighbouring country.

The company captioned the photo meme, depicting a billboard apology to Pakistani cricket fans saying: “Sorry Pak fans we can’t deliver a TV to you in 10 minutes” and captioned it as “Sorry, not sorry” (sic)

Delhi Police Jokes ‘…Hope those were TVs breaking’

Meanwhile, Delhi police also took to its official account to join in on the ribbing, saying, “Just heard some weird noises from the neighbouring Country. Hope those were just TVs Breaking.” (sic)

The account also congratulated the Indian cricket team and Virat Kohli for their performance yesterday, with hastags such as “#INDvsPAK #ViratKohli #TeamIndia #BleedBlue #51stODI #CongratulationsTeamIndia” (sic)

How Pakistani Media Reacted to India’s Triumph…

The Pakistani media reacted quickly to their country’s defeat, hailing ace batter Virat Kohli’s performance and headlining their articles as ‘Virat Does a Kohli’.