MUMBAI: Uday Kotak on Tuesday warned that the world is “at a very important cusp of the return of global colonialism… in 2026 we are at one such cusp,” drawing parallels between historical imperial expansion and current geopolitical shifts, while urging India Inc to reset its approach to innovation, manufacturing and energy security.Speaking at the FICCI foundation day event, Kotak said the fact that we are at this cusp was very clear last night in US President Donald Trump’s speech in the White House. “He made two points. One, he said whoever wins the war keeps the spoils, and two, if the US gets control of the Straits of Hormuz, it will charge a rent. You are getting back to a world of true colonialism,”said Kotak.According to Kotak, the global balance of power is shifting towards a few dominant nations. “At this stage there are at least three powers with significant leverage over others… one is US, second is China and third rising because of geopolitics may be even Russia,” he said, adding that these developments point to a world increasingly shaped by power rather than rules.He compared the present moment with the rise of British colonial rule in India, highlighting how technological superiority drove expansion. “In the early stages, the East India Company was a pure trading company… then they had a superior technology—of guns and gunpowder… this technology gave them leverage,” he said, explaining how trade eventually turned into territorial control. “Through that you saw a trading company become the British Empire in India,” he added, cautioning that similar patterns may now be re-emerging in different forms.Kotak also flagged changing assumptions around global safe havens, particularly in the Middle East. “We have assumed that many cities in the Middle East are safe… are we beginning to re-examine our assumption,” he said, noting that investors who moved for “safer, sounder and tax efficient” environments may now need to reassess those decisions.Kotak called for higher spending on innovation, warning that “we believe we can buy technology… but where is the Atmanirbhar Bharat truly,” and urged IT firms to shift from services to products, noting that “hardly any of them move to ‘productise’ themselves.” He stressed prioritising national interest in areas like energy, asked “how are we going to put country first,” flagged a $116 bn trade deficit with China, and highlighted the gap in mid-sized manufacturing “between Rs 100 crore to Rs 1,000 crore.” Calling this a turning point, he said, “we have to capture this opportunity with a sense of paranoia and purpose.”He framed the current situation as a choice between cyclical recovery and structural disruption, warning businesses against ignoring tail risks. “Even if it is a low probability event it is a high impact event… whatever low probability you put to scenario two do not put it to zero,” he said, referring to the possibility of a structural break from the post-1945 global order.

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Aminul Islam Bulbul, and Tamim Iqbal

NEW DELHI: The Bangladesh government on Tuesday appointed former cricketer Tamim Iqbal as the president of the Bangladesh Cricket Board (BCB), and dissolved the current board of directors of the country’s cricketing body.The current president of BCB, Aminul Islam Bulbul, has been removed by the country’s National Sports Council (NSC), which formed an ad-hoc committee to run the day-to-day affairs till fresh elections are held.This development comes days after the BCB reached out to BCCI requesting the revival of bilateral ties.Tamim, 37, is the youngest BCB chief and will lead an 11-member ad-hoc committee that includes former Bangladesh captain Minhajul Abedin and former cricketer and TV commentator Athar Ali Khan.As per a report by news agency PTI, Bulbul was removed primarily due to the fiasco during the T20 World Cup where erstwhile interim government advisor Asif Nazrul didn’t allow the national team to visit India for the global event.Nazrul’s stand was to shift Bangladesh’s games from Kolkata and Mumbai to Sri Lanka as a mark of protest for removal of Mustafizur Rahaman from the IPL.During the whole issue, Bulbul was a mere bystander and over the past few days, six directors of the BCB resigned because of him.Former Bangladesh skipper and country’s greatest opener Tamim Iqbal has been named as head of the 11-member ad-hoc committee, whose duty would be to hold the cricket board’s election in the next 90 days (three months).According to NSC Director Aminul Ehsan, the decision to dissolve the current BCB board and put forth an ad-hoc committee has been informed to the International Cricket Council (ICC).While the ICC charter doesn’t allow government or external interference in board matters, it is unlikely that the global body will ban the Bangladesh board as a timeline to hold the elections has already been announced by the NSC.The 11 member ad-hoc committee comprise Tamim Iqbal (president), Athar Ali Khan, Rashna Imam, Mirza Yasir Abbas, Syed Ibrahim Ahmed, Minhazul Abedin Nannu, Ishrafil Khusroo, Tanzim Choudhury, Salman Ispahani, Rafiqul Islam, Fahim Sinha.

NEW DELHI: Legendary Sunil Gavaskar has sparked a fresh debate in IPL 2026, urging the Board of Control for Cricket in India (BCCI) to crack down on players who do not fully perform their designated roles — with KKR all-rounder Cameron Green emerging as a talking point for not bowling due to workload concerns.In his column for Sportstar, Gavaskar questioned the growing trend of all-rounders featuring purely as batters, despite being picked for their dual skillsets. “A bowler can bowl only four overs in a match… what is stopping them from doing so in the game?” he wrote, in a stinging critique of workload management narratives.‘If not fit, don’t play’Gavaskar made it clear that players who are not fully fit should step aside before the tournament begins. “It is only fair that a player not fit from day one should withdraw and give the franchise the chance to pick someone else,” he stated.The former India captain dismissed the argument that franchises were informed in advance. “To suggest that the franchise was ‘informed before’ is not a great excuse,” he added, questioning the timing and transparency of such disclosures. After Ajinkya Rahane’s jibe of “ask CA” over Cameron Green not bowling, Cricket Australia issued a clarification, stating that the franchise had been informed beforehand about the situation.His remarks come amid criticism of teams like Kolkata Knight Riders and Sunrisers Hyderabad, who have struggled with bowling combinations, partly due to key players not being available to bowl.‘Time for BCCI to step in’Drawing parallels with existing rules, Gavaskar suggested stricter intervention from the BCCI. “Maybe the BCCI needs to step in and… introduce something similar for players who are not available from the first game,” he wrote, referring to the two-year ban imposed on overseas players who pull out after being bought at auctions.He stressed that franchises, which invest heavily in players, deserve complete commitment. “Don’t the franchises… deserve full commitment?” he asked, highlighting the financial and emotional investment teams make.

Other cricket boards milking money for IPL NOCs

Gavaskar further disclosed that the IPL has not only been lucrative for overseas players but has also turned into a significant revenue stream for their respective cricket boards. A lesser-known aspect is that boards receive around 10% of a player’s auction fee as part of the No Objection Certificate (NOC) process.The scale of earnings is substantial. As per Gavaskar, in recent seasons, 16 Australian players have been signed for a combined Rs 121.65 crore, while 12 English players have fetched Rs 68 crore. New Zealand’s 12 players have earned over Rs 33 crore, South Africa’s 17 players around Rs 71 crore, and eight West Indies players close to Rs 59 crore. These figures translate into sizeable returns for their respective boards.What makes this arrangement stand out is its uniqueness. No other T20 league globally shares player auction revenues with cricket boards in this manner.

The Middle East conflict, now in its sixth week, continues to send shockwaves across the world. From energy supply disruptions to rising fuel prices, several countries are being forced into emergency measures such as work-from-home policies and cost hikes. Meanwhile, the Gulf region is witnessing a split oil reality! While for some producers, soaring crude prices cushion export losses, others are facing sharp drops in revenues.The disruption followed US and Israeli airstrikes on Iran at the end of February, after which Iran effectively shut the Strait, a route for about a fifth of global oil and LNG flows. It later allowed vessels without US or Israeli links to pass, enabling limited transit, though markets continued to face “unprecedented disruption.”