A three billion dollar deal is too big to ignore as authorities target revamp of the Davis Cup but doing away with the home and away format is not "ideal" since it is the DNA of the competition, says India's captain Mahesh Bhupathi.
The International Tennis Federation (ITF) will put to test a proposal to create a season-ending World Cup of Tennis, featuring 18 nations.
The matches will be played over a week at a single venue in the traditional week of Davis Cup final in November, abolishing the home and away format for ties in the elite World Group.
The idea, approved by the ITF Board of Directors, will be put to vote in August in Orlando and needs two-thirds majority to become a reality.
The revamp idea has come after the ITF struck a deal with investment group Kosmos, founded and run by Spanish international and FC Barcelona footballer Gerard Pique. It is expected to pump in $3 billion into the tournament in a 25-year period.
It's being speculated that sponsors and corporate lobbies are putting pressure on the ITF to get more top players to participate in Davis Cup. There are instances when top players, in the wake of an already crammed schedule, have skipped ties.
Bhupathi said, Davis Cup was still "relevant".
"Davis Cup is special and all the top players have committed to it at some point. Like every sport, tennis needs to be driven by innovation and revenue and if there is a three billion dollar opportunity there is no way it can be ignored regardless of the sentiment," Bhupathi said.
"Top players always play for their country when they are fit and healthy. A case in point is Rafa (Rafael Nadal) who just played even when he missed Indian Wells and Miami (Masters events). It's not about Davis Cup. If a player is injured or tired they miss the biggest events in the world as well like you saw at the London Masters few years in a row," he argued.
However, Bhupathi, winner of 12 Grand Slam titles, said doing away with the home and away ties is not a great idea.
"It will not be ideal because playing at home and dealing with the challenges in away ties is part of the Davis Cup DNA that makes the competition exciting,"Bhupathi said.
The tennis world is split on the issue with some of the top players such as Nadal voicing their support for it while a few like Nicolas Mahut, Greg Rusedski and Todd Woodbdrige saying it will kill the very essence of the tournament.
India's top player Yuki Bhambri differed from his captain and said having a World Cup was not a bad idea.
"If it is a World Cup then yes, doing away with home and away format, is okay," Yuki, a key member of Indian team, said.
"Everyone has opinion. Some say it might benefit some say it won't. I think a lot more ATP points need to be added and it always helps to increase the prize money. Another idea could be to have Davis Cup every two or three years. Right now a country wins in November and is back in February to play the first round again," Yuki made his point.
Former national champion Ashutosh Singh, also a former member of Indian Davis Cup squad, though was not supportive of the changes.
"On one hand, ITF president David Haggerty says we wants to popularise the sport and expand it further, bring in more numbers but on the other hand, he proposes to take away the viewership and hosting possibilities from a majority of nations, in effect limiting it's outreach. It will be death of Davis Cup
"I don't understand why the ITF wants to compete with ATP in every aspect ? ITF has a much bigger role and an even bigger responsibility than ATP in maintaining the essence of sport.
"The International Olympic Committee counts ITF as a stakeholder and not ATP. So, the current president wants to go opposite to what the Olympic charter says?," he asked.
He further said the money should not be a factor in every decision.
"If money is what makes you happy, you'll never be happy, as money is just numbers and numbers never end. But hopes, dreams, aspirations do crash at some point if one sees the ways blocked in front of him."
Singh also criticised the move to limit the number of ranked players on ATP to only 750.
"ITF will need to co-operate with ATP and WTA at some levels since these three bodies are responsible for governing and running the sport but if you've only 750 ranked players, the relegation and qualifying ties at zonal levels will have only amateurs representing the countries," he feared.
Heidi Klum and daughter Leni walked the Venice Film Festival red carpet in matching corset-style gowns.
The supermodel opted for a blush pink silk design, while Leni wore an inky black version.
Both gowns were created by Italian lingerie brand Intimissimi, for which they are ambassadors.
The mother-daughter duo previously fronted a controversial campaign for the same brand.
Heidi Klum's Venice Film Festival appearances always generate headlines, but this year she doubled the impact by walking the red carpet with her daughter Leni. The pair stunned in co-ordinated gowns from Italian intimates brand Intimissimi, bringing high fashion and red carpet glamour together in one of the festival’s most talked-about moments. Their matching corset silhouettes highlighted the duo’s modelling credentials and added a striking family twist to the opening night of the prestigious event.
Heidi and Leni Klum pose together in co-ordinated Intimissimi gowns at the Venice Film Festival Instagram/heidiklum
What did Heidi Klum wear at the Venice Film Festival?
For the opening night on 27 August, Heidi Klum chose a blush pink silk gown featuring corseted boning, a plunging neckline and a sheer bodice. The dress also showcased a dramatic thigh-high slit and hip cut-out, adding a lingerie-inspired edge. She paired the look with diamond chokers and styled her hair in rocker-style waves with new bangs, completing a striking combination of Old Hollywood glamour and modern sensuality.
Arriving at the festival by boat, Heidi shared behind-the-scenes photographs on social media showing her preparation at her Venetian hotel. Her posts included affectionate moments with Leni, with the caption that she was “having the best time with my baby” at the festival.
At just 21, Leni Klum is following closely in her mother’s modelling footsteps. On the red carpet she mirrored Heidi’s gown in a bold black version, also by Intimissimi. The design featured the same sheer corsetry and plunging neckline but offered a slightly younger twist, with symmetrical hip cut-outs and strappy sandals.
Leni accessorised her look with an emerald and diamond necklace, contrasting the darker gown with a pop of colour. She wore her hair in soft waves, echoing her mother’s style while adding her own youthful touch. Together, the pair created a co-ordinated but distinctive appearance that quickly became one of the highlights of the Venice Film Festival’s first night.
Leni Klum mirrors her mother’s red carpet style in a striking black corset gown at VeniceInstagram/heidiklum
Why is the Heidi and Leni Klum appearance significant?
This Venice outing is not the first time the duo have collaborated with Intimissimi. In 2022, Heidi and Leni starred together in a lingerie campaign for the Italian brand, which received mixed reactions. Their latest red carpet moment is seen as an extension of that partnership, bringing the lingerie-inspired designs into a high-profile international film setting.
For Heidi, the event underlined her ongoing relevance in fashion, while for Leni it marked another high-profile step in her rising career. Their joint appearance shows the generational handover in the modelling world, with Leni carving her own identity while still closely linked to her mother’s legacy.
Which other stars were spotted at the Venice Film Festival?
The 82nd Venice Film Festival, which runs from 27 August to 6 September, attracted global stars to Italy’s most glamorous red carpet. Cate Blanchett, Tilda Swinton and Julia Roberts were also photographed arriving for premieres, with Roberts making headlines for her quirky cardigan covered in portraits of Italian director Luca Guadagnino.
The festival opened with the premiere of Paolo Sorrentino’s La Grazia, a drama exploring political and personal dilemmas in Italy. With its combination of star power, fashion statements and cinematic showcases, Venice once again affirmed its position as one of the world’s most influential cultural events.
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Ahaan Panday says years of blind optimism kept him going before Saiyaara
Ahaan Panday opens up on being ‘wronged’ before his Bollywood debut
Actor admits he spent years in ‘blind optimism’ waiting for launch
Saiyaara has become the highest-grossing love story in Indian cinema history
The Mohit Suri directorial collected £53 million (₹563 crore) worldwide
Bollywood newcomer Ahaan Panday has revealed that he felt “wronged” by people in the industry before finally making his long-awaited debut with Mohit Suri’s Saiyaara. The 27-year-old actor, who comes from the well-known Panday family, said he lived in “blind optimism” for four to five years as projects kept falling through. Despite setbacks, Ahaan maintained that he never became bitter and channelled his struggles into his performance.
Ahaan Panday says years of blind optimism kept him going before Saiyaara Instagram/ahaanpandayy
Why was Ahaan Panday’s debut delayed for so long?
Ahaan was initially expected to be launched much earlier under Yash Raj Films, but several projects were shelved before they could take off. Speaking to The Hollywood Reporter India, he admitted:
“Have I felt wronged by people? Yes, I have. It wouldn’t be right for me to get personal about that, but as an actor, that’s where you take inspiration from. I just kept putting myself into different things. The first four-five years, I was entirely delusional, and people around me could sense it.”
The actor revealed he worked as an assistant director on The Railway Men while waiting for his break, using the experience to keep his morale intact.
Ahaan Panday revealed he worked as an assistant director before landing his debut role Instagram/ahaanpandayy
Did personal struggles affect Ahaan Panday’s journey?
Alongside professional delays, Ahaan also dealt with a personal tragedy; the passing of his grandmother, whom he called his “backbone.” He said she was the only person who called him a hero every day at home and losing her left him shattered.
He recalled: “My confidence started to break after that. The only way I could deal with it was to keep working. To even be on a film set was a privilege. I was never bitter because millions dream of this opportunity.”
This resilience, he said, helped him stay focused until the right opportunity arrived.
How did Yash Raj Films and Mohit Suri shape his launch?
Eventually, YRF head Aditya Chopra reached out to Ahaan’s parents, assuring them he would be launched under the banner. That led to Saiyaara, directed by Mohit Suri and co-starring fellow newcomer Aneet Padda.
For Ahaan, joining YRF was also deeply personal. His grandmother, who nicknamed him “Raj,” had dreamed of him becoming a Yash Raj hero. “It was instinctive for me to say yes. I grew up on this cinema. My Hindu name is Yash, my sister’s name is Chandni, we were filmy YRF lovers. Somewhere, I did this for her,” he explained.
Released earlier this year, Saiyaara has become a record-breaking success. The romantic drama is now the highest-grossing film headlined by newcomers and the biggest love story in Indian cinema history.
The film has grossed an estimated £53 million (₹563 crore) worldwide, making it the second-highest-grossing Indian film of 2025 so far. Its success has firmly established Ahaan as one of Bollywood’s most promising new actors.
Though the actor has not announced his next project yet, industry watchers believe Ahaan’s grand debut has positioned him strongly for future big-ticket films. With Saiyaara breaking records and his candid reflections on the struggles behind the glamour, Ahaan has become a name audiences are eager to follow.
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Jio Platforms includes India’s largest telecom operator, Reliance Jio Infocomm, with more than 500 million users. (Photo: Reuters)
RELIANCE Industries plans to take its telecom and digital arm, Jio Platforms, public by mid-2026, chairman Mukesh Ambani said on Friday. The announcement sets a new timeline for the long-awaited IPO of a business analysts value at over $100 billion.
At its annual general meeting (AGM), Reliance also announced the launch of an artificial intelligence unit in partnership with Google and Meta.
Ambani had first indicated plans in 2019 to list Jio within five years. On Friday, he told shareholders the company is preparing to file for an IPO next year.
Reuters reported in July that Jio decided against launching an IPO in 2025. Analysts at the time valued the company at over $100 billion.
Jio Platforms includes India’s largest telecom operator, Reliance Jio Infocomm, with more than 500 million users. Backed by investors such as Meta, Google and KKR, the business is central to Ambani’s move to diversify Reliance beyond oil and chemicals into retail, consumer and technology. AI and international expansion are now key areas of growth.
Reliance is also investing $8.8 billion in its chemicals business. It expects retail to grow sales by nearly 10 per cent a year on a like-for-like basis and plans to add 2,000–3,000 new stores annually.
“Jio is not being fully valued within Reliance's broader petrochemicals and retail portfolio, and a separate listing would help unlock higher value for the telecom and digital unit,” said Saurabh Parikh, senior analyst at ICRA Ltd.
AI Unit with Meta and Google
Reliance and Meta announced a new AI joint venture with an initial investment of around $100 million. Meta CEO Mark Zuckerberg told the AGM the venture will provide Meta’s open-source AI models to Indian businesses.
Google will partner with Reliance to deploy AI across energy, retail, telecom and financial services. It will also set up a Jamnagar Cloud region dedicated to Reliance, Google CEO Sundar Pichai said at the meeting.
The partnerships come as India-US relations face tensions following US President Donald Trump’s decision to impose 50 per cent tariffs on Indian exports in response to India’s purchase of Russian oil.
Reliance runs the world’s largest refining complex in Gujarat and is India’s biggest buyer of Russian oil.
(With inputs from agencies)
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The top model could match the PS5 Pro at around £699.99
Reports suggest Sony is planning three versions of its next console
One model, codenamed Canis, could function as both a handheld and a docked console, similar to Nintendo Switch
The flagship version, Orion, is expected to be the main high-spec console
Pricing speculation indicates the top model could match the PS5 Pro at around £699.99
Fresh rumours claim Sony is preparing a dockable handheld version of its next-generation console, the PlayStation 6. The device, reportedly codenamed Canis, is said to target the same hybrid market as Nintendo’s Switch and the expected Switch 2.
Details of the rumour
The information comes from YouTube channel Moore’s Law is Dead (via Push Square), which suggests Sony will release three versions of the PS6:
orion – the flagship high-powered console
canis (handheld) – a portable system that can be docked to play on a television
canis (console) / ps6 s – a smaller console variant sharing much of the handheld’s specifications
Both canis models are rumoured to be closer in performance to the PS5 and PS5 Pro, with incremental improvements rather than a major leap in hardware power.
Strategy and market positioning
If accurate, the move would signal a shift in Sony’s approach, focusing less on raw power and more on flexibility between console and handheld play. Analysts suggest this could help Sony compete directly with Nintendo’s hybrid systems, while also offering lower-cost alternatives alongside the premium model.
Price speculation
According to reports, the flagship orion may be priced similarly to the PS5 Pro, at around £699.99. If so, cheaper handheld and compact versions could be critical in attracting wider consumer interest.
Still early days
It remains early in development, and no official details have been confirmed by Sony. Industry insiders caution that such rumours should be treated carefully until the company announces concrete plans.
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Eli Lilly has agreed a discounted supply deal for its weight-loss drug Mounjaro
Eli Lilly had announced a steep price rise of up to 170% for Mounjaro.
A new discount deal with UK suppliers will limit the increase for patients.
Pharmacies will still apply a mark-up, but consumer costs are expected to rise less than initially feared.
NHS pricing remains unaffected due to separate arrangements.
Eli Lilly has agreed a discounted supply deal for its weight-loss drug Mounjaro, easing fears of a sharp rise in costs for UK patients. The new arrangement means that, from September, pharmacies and private services will face smaller wholesale increases than first expected, limiting the impact on consumers.
Why the price rise was announced
Earlier this month, Eli Lilly said it would raise Mounjaro’s list price by as much as 170%, which could have pushed the highest monthly dose from £122 to £330. The company argued that UK pricing needed to align more closely with higher costs in Europe and the United States.
Discount deal for UK suppliers
The revised agreement will see the top-dose price set at £247.50 for suppliers. While pharmacies and private providers will still add their own margins, the increase for patients is now likely to remain under 50% for higher doses, and even lower for smaller doses.
Eli Lilly confirmed:
“We are working with private providers on commercial arrangements to maintain affordability and expect these to be passed onto patients when the change is effective on 1 September.”
Impact on consumers
Around 1.5 million people in the UK are currently on weight-loss drugs, with more than half using Mounjaro. Most of these patients—around 90%—pay privately through online services or high street pharmacies.
Prices vary between providers, depending on the level of lifestyle and dietary support offered alongside the injections.
Olivier Picard of the National Pharmacy Association said:
“This rebate will mitigate some of the impact of the increase, but patients should still anticipate seeing a rise in prices from 1 September.”
NHS pricing unchanged
The deal does not affect the NHS, which has secured its own heavily-discounted price for patients prescribed the weekly injection.
Mounjaro works by helping patients feel fuller for longer, reducing food intake and supporting weight loss of up to 20% of body weight.