In a landmark move for the Indian Premier League (IPL), Kal Somani has officially acquired the Rajasthan Royals for a staggering USD 1.63 billion, equivalent to approximately 15,290 crore INR. This acquisition, announced on March 24, 2026, positions Somani as a key player in the world of cricket and sports investment.

Somani, a US-based entrepreneur, has been a minority investor in the Rajasthan Royals since 2021. His extensive background includes founding successful ventures such as IntraEdge, Truyo, Truyo.AI, and Academian, showcasing his commitment to innovation and technology.

“We see huge potential with this investment, and we are excited for the future of the IPL,” Somani stated, reflecting his enthusiasm for the franchise and the league’s growth. His consortium also includes notable figures like Rob Walton and the Hamp family, further solidifying the financial backing behind this significant acquisition.

As a co-owner of the Motor City Golf Club, Somani’s portfolio extends beyond cricket, indicating a diverse investment strategy. His net worth, exceeding $110 billion, positions him among the wealthiest individuals globally, allowing for substantial investments in high-impact sectors.

The sale of the Rajasthan Royals will officially take effect following the conclusion of IPL 2026, marking a new chapter for the franchise. Observers are keenly watching how Somani’s leadership will influence the team’s performance and its engagement with fans.

Kal Somani has spent the last 15 years focusing on ventures in ed-tech, data privacy, AI governance, and sports tech, which may bring a fresh perspective to the management of the Rajasthan Royals.

Details remain unconfirmed regarding the strategic changes that may accompany this ownership transition, but the cricket community is buzzing with anticipation.

With Somani at the helm, the Rajasthan Royals are poised to explore new avenues for growth and success in the competitive landscape of the IPL.

The post Kal Somani Takes the Helm as New Owner of Rajasthan Royals appeared first on The Business News.

Daylight saving time commenced on March 8, 2026, at 2 a.m. local time, advancing clocks one hour forward. Most regions of the United States experienced a loss of one hour of sleep due to this time change.

In Boston, for instance, the sun rose at 6:09 a.m. and set at 5:41 p.m. on March 7, before the clocks moved forward. After the change, the sunrise occurred at 7:08 a.m., with sunset at 6:42 p.m. on March 8, extending evening daylight for residents.

Daylight saving time will be observed for a total of 238 days in 2026, concluding at 2 a.m. local time on November 1, 2026. This practice, which has been a topic of debate, aims to make better use of daylight during the longer days of summer.

Historically, daylight saving time was first adopted in the U.S. in 1918 as a measure to conserve fuel during World War I. Since 2007, the time change has consistently started on the second Sunday of March, a shift from the previous schedule that began on the first Sunday of April.

Prior to 1987, the Uniform Time Act of 1966 designated the last Sunday of April as the start date for daylight saving time. An experiment with year-round daylight saving time occurred in 1974 during the energy crisis, highlighting the ongoing discussions surrounding its effectiveness.

Notably, Hawaii and Arizona do not observe daylight saving time, with the exception of the Navajo Nation in Arizona. This has led to variations in timekeeping across the country, contributing to confusion and disruption.

Experts have raised concerns about the impact of daylight saving time on sleep patterns and overall health, suggesting that the clock changes can lead to increased fatigue and confusion. As the practice continues, observers are keen to see if further changes to daylight saving time legislation will be proposed.

Details remain unconfirmed regarding any potential future adjustments to the daylight saving time schedule, as discussions about its relevance and impact persist.

The post Daylight savings 2026 appeared first on The Business News.