Madrid: Rafael Nadal will open a tennis academy on his home island of Mallorca in 2016.
The 14-time Grand Slam winner has held a groundbreaking ceremony for the academy in his home town of Manacor.
Nadal says "this is a special day for me, this project that we have been working on for many years is finally a reality."
He says the plan is to "begin with a summer camp in 2016."
The academy will include a school where promising tennis talents can continue their regular studies.
The 28-year-old Nadal is recovering from the removal of his appendix earlier this month. He has said he will return to competition in January.
The 14-time Grand Slam winner has held a groundbreaking ceremony for the academy in his home town of Manacor.
Nadal says "this is a special day for me, this project that we have been working on for many years is finally a reality."
He says the plan is to "begin with a summer camp in 2016."
The academy will include a school where promising tennis talents can continue their regular studies.
The 28-year-old Nadal is recovering from the removal of his appendix earlier this month. He has said he will return to competition in January.
India made a positive start to their tour of Australia after rounding off the practice game against Cricket Australia XI with an allround performance as the two-day match ended in a draw here today. (Hughes Undergoes Surgery After Batting Accident)
At the Gliderol Stadium, the visitors finished at 363/8 declared after 91 overs in reply to the hosts' first-day total of 219 all out. (Clarke Ruled out of 1st Test vs India: Reports)
After the Indian bowlers, led by Varun Aaron, made full use of the seamer-friendly conditions, it was the turn of their batsmen to get in some good batting practice and get versed with the conditions on offer ahead of the four-Test series starting in Brisbane on December 4. (Steve Smith Likely to be Fit Ahead of 1st Test)
Skipper Virat Kohli top-scored on the day with 60 runs, while Murali Vijay (51), Cheteshwar Pujara (55), Wriddhiman Saha (56 not out) and Karn Sharma (55 not out) scored half-centuries.
Suresh Raina (44) and Rohit Sharma (23) were also among the runs. The day began with Vijay and Pujara at the crease and they were intent on making good use of the conditions.
They batted without any discomfort and duly notched up their half-centuries in good time, in total putting on 85 runs for the second wicket. Both batsmen retired after getting their respective fifties.
Ajinkya Rahane (1) was the only frontline batsman to have missed out on the day, as he was dismissed by 16-year-old Sam Grimwade, thanks to a diving low catch at mid-off by Ryan Carters. Sharma then came to the crease and added 47 runs with Kohli before lunch but he fell just before the break. After lunch, Kohli and Raina batted with ease and pushed the score past the hosts' first innings total. (Kohli Dares Australia Ahead of Debut as Test Skipper)
Raina was a touch aggressive, especially against the slower bowlers, and perished in the same attacking manner.
Kohli got past his fifty-run mark but didn't look in the mood to retire and continued batting. But shortly after, he got out to an uncharacteristic stroke, stepping out to the bowler only to be caught at midwicket. R Ashwin (6) missed out on some batting practice as he offered a simple return catch. But Saha and Sharma did not waste this chance to impress, the latter particularly harsh on the bowlers as he struck his runs off only 55 balls, inclusive of five fours and two sixes. ('Let Kohli Enjoy Test Captaincy')
On day one of this tour game, Varun Aaron picked up 3-72 while Bhuvneshwar Kumar and Mohammad Shami chipped in with two wickets each to restrict the hosts in 71.5 overs. Afterwards opener Shikhar Dhawan (10) was dismissed cheaply as India had finished at 55/1.
India's second and final practice match before the Test series is scheduled to start on Friday at the Adelaide Oval. It will be a two-day affair again with the Cricket Australia Invitational XI team.
Australian skipper Michael Clarke, who was asked by the national selectors to prove his fitness by playing in that tour game, has since been ruled out, leading to the assumption that he will be missing when the series gets underway next week at Brisbane.
At the Gliderol Stadium, the visitors finished at 363/8 declared after 91 overs in reply to the hosts' first-day total of 219 all out. (Clarke Ruled out of 1st Test vs India: Reports)
After the Indian bowlers, led by Varun Aaron, made full use of the seamer-friendly conditions, it was the turn of their batsmen to get in some good batting practice and get versed with the conditions on offer ahead of the four-Test series starting in Brisbane on December 4. (Steve Smith Likely to be Fit Ahead of 1st Test)
Skipper Virat Kohli top-scored on the day with 60 runs, while Murali Vijay (51), Cheteshwar Pujara (55), Wriddhiman Saha (56 not out) and Karn Sharma (55 not out) scored half-centuries.
Suresh Raina (44) and Rohit Sharma (23) were also among the runs. The day began with Vijay and Pujara at the crease and they were intent on making good use of the conditions.
They batted without any discomfort and duly notched up their half-centuries in good time, in total putting on 85 runs for the second wicket. Both batsmen retired after getting their respective fifties.
Ajinkya Rahane (1) was the only frontline batsman to have missed out on the day, as he was dismissed by 16-year-old Sam Grimwade, thanks to a diving low catch at mid-off by Ryan Carters. Sharma then came to the crease and added 47 runs with Kohli before lunch but he fell just before the break. After lunch, Kohli and Raina batted with ease and pushed the score past the hosts' first innings total. (Kohli Dares Australia Ahead of Debut as Test Skipper)
Raina was a touch aggressive, especially against the slower bowlers, and perished in the same attacking manner.
Kohli got past his fifty-run mark but didn't look in the mood to retire and continued batting. But shortly after, he got out to an uncharacteristic stroke, stepping out to the bowler only to be caught at midwicket. R Ashwin (6) missed out on some batting practice as he offered a simple return catch. But Saha and Sharma did not waste this chance to impress, the latter particularly harsh on the bowlers as he struck his runs off only 55 balls, inclusive of five fours and two sixes. ('Let Kohli Enjoy Test Captaincy')
On day one of this tour game, Varun Aaron picked up 3-72 while Bhuvneshwar Kumar and Mohammad Shami chipped in with two wickets each to restrict the hosts in 71.5 overs. Afterwards opener Shikhar Dhawan (10) was dismissed cheaply as India had finished at 55/1.
India's second and final practice match before the Test series is scheduled to start on Friday at the Adelaide Oval. It will be a two-day affair again with the Cricket Australia Invitational XI team.
Australian skipper Michael Clarke, who was asked by the national selectors to prove his fitness by playing in that tour game, has since been ruled out, leading to the assumption that he will be missing when the series gets underway next week at Brisbane.
India Cements shares closed 9 per cent lower on Tuesday even as the Supreme Court adjourned the IPL spot-fixing hearing by two days. The dip was a result of uncertainty over the future of Chennai Super Kings - team owned by India Cements of which, suspended BCCI president N. Srinivasan is the managing director. He is among 13 persons who were probed by a court-appointed inquiry committee investigating allegations of corruption in IPL 2013.
Srinivasan has been slammed by the Supreme Court for conflict of interest. The top court has taken exception to the fact that he heads Chennai Super Kings as well as the BCCI. CSK is the most successful team in the IPL, having won the title twice. Srinivasan's son-in-law Gurunath Meiyappan has been indicted by the probe panel for betting. Meiyappan has been identified as a CSK team official. According to IPL rules, CSK can face termination. (Srinivasan Slammed by Supreme Court for Conflict of Interest | IPL Spot-Fixing: A Timeline)
Financially, CSK is not very important for India Cements. During 2013-14, it contributed just Rs 166 crore in revenues, which is just 3.7 per cent of India Cements' total revenue of Rs 4,497 crore during the fiscal year. However, the termination of CSK will have a negative impact on India Cements brand, analysts say.
A possible termination may also lead to potential one-time loss for the company. India Cements had acquired CSK in 2008 for a total consideration of $91 million (nearly Rs 550 crore at 60 rupees per dollar). This money is payable over a period of 10 years to BCCI in equal instalments. (Meiyappan Indicted for Betting)
The termination of CSK will also put an end to the ambitious growth plans India Cements has planned for its cricketing franchise. In September 2014, India Cements had announced a demerger of CSK in to a wholly-owned subsidiary. (Tendulkar Tight-Lipped Over Mudgal Report)
India Cements' vice-chairman and MD Srinivasan reportedly nurtures the ambition of turning CSK in to a billion-dollar entity.
For Srinivasan, who leads the promoter group in India Cements with a 28.23 per cent stake, the stakes are higher because the Supreme Court will also decide whether he can return as the boss of BCCI, the top body that controls all cricketing activities in the country. (BCCI AGM Scheduled on December 17)
India Cements shares slumped as much as 12 per cent in intraday trade, but ended 9 per cent lower at Rs 95.35 on the BSE. The stock underperformed the broader Sensex, which closed 0.6 per cent lower.
Srinivasan has been slammed by the Supreme Court for conflict of interest. The top court has taken exception to the fact that he heads Chennai Super Kings as well as the BCCI. CSK is the most successful team in the IPL, having won the title twice. Srinivasan's son-in-law Gurunath Meiyappan has been indicted by the probe panel for betting. Meiyappan has been identified as a CSK team official. According to IPL rules, CSK can face termination. (Srinivasan Slammed by Supreme Court for Conflict of Interest | IPL Spot-Fixing: A Timeline)
Financially, CSK is not very important for India Cements. During 2013-14, it contributed just Rs 166 crore in revenues, which is just 3.7 per cent of India Cements' total revenue of Rs 4,497 crore during the fiscal year. However, the termination of CSK will have a negative impact on India Cements brand, analysts say.
A possible termination may also lead to potential one-time loss for the company. India Cements had acquired CSK in 2008 for a total consideration of $91 million (nearly Rs 550 crore at 60 rupees per dollar). This money is payable over a period of 10 years to BCCI in equal instalments. (Meiyappan Indicted for Betting)
The termination of CSK will also put an end to the ambitious growth plans India Cements has planned for its cricketing franchise. In September 2014, India Cements had announced a demerger of CSK in to a wholly-owned subsidiary. (Tendulkar Tight-Lipped Over Mudgal Report)
India Cements' vice-chairman and MD Srinivasan reportedly nurtures the ambition of turning CSK in to a billion-dollar entity.
For Srinivasan, who leads the promoter group in India Cements with a 28.23 per cent stake, the stakes are higher because the Supreme Court will also decide whether he can return as the boss of BCCI, the top body that controls all cricketing activities in the country. (BCCI AGM Scheduled on December 17)
India Cements shares slumped as much as 12 per cent in intraday trade, but ended 9 per cent lower at Rs 95.35 on the BSE. The stock underperformed the broader Sensex, which closed 0.6 per cent lower.