Tag: Global Chess League

  • Fyers makes its winning move with American Gambits

    Fyers makes its winning move with American Gambits

    MUMBAI: Check, mate, and market ready! Fyers, India’s tech-driven brokerage and investment platform, has announced a strategic move of its own, becoming the title sponsor of the American Gambits, one of the most dynamic franchises in the Global Chess League.

    The three-year partnership brings together two worlds that thrive on foresight, discipline, and data-driven precision. The announcement, held in Bengaluru, also marked the unveiling of the team’s official jersey, in the presence of American Gambits co-owner Prachura PP; Fyers co-founder and CEO Tejas Khoday; and Fyers SVP and marketing head Lucky Saini.

    “Fyers embodies the same spirit that drives the American Gambits: strategic thinking, precision, and bold decision-making under pressure,” said Prachura PP. “This partnership is not just about sponsorship, but about shaping chess into a modern, data-driven, aspirational sport.”

    A chess enthusiast himself, Tejas Khoday drew parallels between the game and investing. “Every move in chess mirrors the mindset needed in trading, thinking ahead, assessing risk, and staying calm under pressure. This partnership celebrates that shared discipline and strategic intelligence,” he said.

    Adding to that, Lucky Saini noted, “Both chess and investing reward focus, timing, and calculated risk-taking. Through this partnership, we aim to inspire people to think strategically, both on the board and in the markets.”

    Team co-owner and cricketer R Ashwin welcomed Fyers to the Gambits family, calling the association “a step toward building a robust and inspiring ecosystem for the sport.”

    The Global Chess League returns for its third season in Mumbai from 13 to 24 December 2025, and with Fyers joining the Gambits, the game is about to get even more strategic, both on and off the board.

     

  • Tech Mahindra Global Chess League to live stream on JioCinema from 3 October

    Tech Mahindra Global Chess League to live stream on JioCinema from 3 October

    MUMBAI: Chess lovers can rub their hands in glee. For all those who missed watching the Indian grandmasters and international masters take India to a record win at the FIDE Chess Olympiad, here’s a chance to make up for that lost opportunity. 

    The Global Chess League (featuring five-time world champion, Viswanathan Anand, current world No 1 and five times world champion Magnus Carlsen), which is a joint venture between Tech Mahindra and FIDE , is to be streamed live on Jio Cinema between 3 and 12 October. 

    “We are delighted to continue our association with the world’s largest franchise chess league. Indian chess is at an exciting juncture, and we believe GCL will play a part in fuelling the growth of the sport furthermore,” says Viacom18 Sports Head of Strategy, Acquisitions & Partnerships Hursh Shrivastava. “JioCinema will enable the league to reach a wider audience. We remain steadfast in our endeavour to innovate and engage sporting fans.”

    Adds Global Chess League CEO Sameer Pathak:, “We are delighted to have JioCinema onboard once again. Their support in the past season as streaming partners was tremendous and it allowed us to accomplish our mission of reaching the masses. We are delighted to extend our association with them in the second season as we continue our mission to spread chess across the world and set new standards for fan engagement.”

    The league is being held at Friends House in London and features six teams with six players in each team. Among the franchises figure: Triveni Continental Kings, Alpine SG Pipers, Ganges Grandmasters, PBG Alaskan Knights, American Gambits and UpGrad Mumba Masters. Each team – having two superstar women, an icon, two superstar male players and a player born in 2003 or later (prodigy)- necessarily have to play 10 matches since the Tech Mahindra Global Chess League is a double round-robin tournament between six teams. 

    An icon will play on board no 1, two male players on board no 2 and 3, two female players on board no 4 and 5, and one player born in 2003 or later will play on board no 6. All players of a particular team will play with the same color which the team gets. In the first match between the teams, this shall be determined by a drawing of lots or similar method of chance held 30 minutes prior to the scheduled start time. In the second match between the teams, the teams shall play with the other colour.

    Teams will also play in a fixed board order which cannot be changed after the draw of lots. The time control will be 20 minutes with no increment. Instead of simultaneous start of all six games, it will be staggered start – two games will start after the interval of every two minutes. 

    Game points (GP) are awarded in the following way: four GP for a game won with black (including forfeit wins); three GP for a game won with white (including forfeit wins); one GP for drawn game and  zero GP for a lost game. Match points (MP) are awarded in the following way: three MP for the team that scores more GP than their opposing team;  one MP for a team that scores the same GP as their opposing team and zero MP for the team that scores fewer GP than their opposing team.

    The Ganges Grandmasters has opted for Viswanathan Anand as its icon player; Alpine SG Pipers for Magnus Carlsen; UpGrad Mumba Masters for Maxime Vachier-Lagrave; Triveni Continental for Alireza Firouzja; American Gambits for Hikaru Nakamura and PBG Alaskan Knights for Anish Giri.

    The teams are as follows:

    Alpine SG Pipers has GM Magnus Carlsen, GM R Praggnanandhaa, GM Richard Rapport, GM Yifan Hou, GM Kateryna Lagno and GM Daniel Dardha on their squad.

    The Triveni Continental Kings has GM Wei Yi, GM Firouzja Alireza, GM Radjabov Teimour, GM Kosteniuk Alexandra, GM Gunina Valentina and  GM Sindarov Javokhir.

    PBG Alaskan Knights has world rapid 2019 champion GM Nodirbek Abdusattorov and world rapid women 2022 champion, GM Zhongyi Tan,  GM Anish Giri, GM Shakhriyar Mamedyarov, IM Alina Kashlinskaya and GM Nihal Sarin.

    American Gambits, a new team in the league replacing Chingari Gulf Titans, has ‘speed king’ GM Hikaru Nakamura, FIDE world cup 2021 winner GM Jan-Krzysztof Duda, GM Yangyi Yu, two-time consecutive world blitz women’s champion, IM Bibisara Assaubayeva, GM Elisabeth Paehtz and GM Jonas Buhl Bjerre.

    Upgrad Mumba Masters features  GM Vidit Gujrathi, GM Koneru Humpy, GM Harika Dronavalli, GM Maxime Vachier-Lagrave, GM Peter Svidler and GM Raunak Sadhwani.

    Finally, Ganges Grandmasters has  GM Viswanathan Anand, GM Arjun Erigaisi, GM Parham Maghsoodloo, GM R Vaishali, IM Nurgyul Salimova and GM Volodar Murzin.

    The opening ceremony was held on 2 October, with the first round commencing on 3 October at 1:15 pm London time (5:45 pm  IST). The second match starts at 3:55 pm LT  (8:25 pm IST) and  the third at 5:15 pm LT  (9:45 pm IST).  While the same schedule will be followed on all days, there will be an additional game on 4,5,6 October at 2:30 pm LT (9:30 pm IST).  The final is scheduled to be played on 12 October with the first game at 1:15 pm LT (5:45 pm IST) and the second one at 2:35 pm LT (7:05 pm IST).

    The Global Chess League also is looking to set benchmarks for tech innovations in the sport as Tech Mahindra will explore unique fan engagements to promote the game, particularly across London and the UK by leveraging next-gen technologies such as AI, metaverse, AR/VR, among others.
     

  • Union Budget 2024: Record Rs 3442 cr boosts India’s sports sector

    Union Budget 2024: Record Rs 3442 cr boosts India’s sports sector

    Mumbai: During her speech, the finance minister Nirmala Sitharaman stated, “The country is proud of our youth scaling new heights in sports. The highest-ever medal tally in Asian Games and Asian Para Games in 2023 reflects a high confidence level. Chess prodigy and our Number-One ranked player Praggnanandhaa put up a stiff fight against the reigning World Champion Magnus Carlsson in 2023. Today, India has over 80 chess grandmasters compared to little over 20 in 2010.”

    Sports budget allocation 2024-25

    •    Khelo India: Rs 1045 Cr
    •    SAI: Rs 822 Cr
    •    National Sports Development Fund: Rs 18 Cr

    Here are the post-budget reactions of India’s sporting business stakeholders

    Punit Balan Group chairman & managing director Punit Balan shared his thoughts on the budget allocation stating, “The government’s proactive stance towards sports through this increased allocation of funds will provide the impetus for Indian athletes to shine brightly in international competitions, contributing to the continued growth and success of the country’s success on the global stage. With the Paris Olympics looming on the horizon, we are confident that our youth will make it the best-ever campaign for India.”

    Reflecting on the government’s sustained commitment to the growth of sports in India, Ultimate Kho Kho CEO and League Commissioner Tenzing Niyogi highlighted, “Last year, we witnessed a Rs 300 crore increase in sports allocations, which contributed to India’s success in the Asian and Para-Asian Games. The government’s continued commitment is evident in the latest budget, with a total allocation of Rs 3442 crores, which reflects a significant increase from the previous year’s budget. The increased allocations not only boost the morale of our athletes but also serve as a testament to the government’s vision for developing and nurturing sporting talent. As India gears up for the upcoming Paris Olympics, this heightened financial support will pave the way for a promising era for sports in the country.”

    One of the key beneficiaries of this augmented budget is Khelo India, which has received a significant increase from Rs 880 crores to Rs 900 crores.

    “The substantial allocation in this year’s budget not just for the sports sector but also for Khelo India will play a pivotal role with regard to grassroots development. This support for our athletes across all sporting disciplines will facilitate more participation and lead to more medals at the Olympics and other international tournaments,” commented U Mumba CEO Suhail Chandhok.

    Concurring with him, Yuva Kabaddi Series CEO Vikas Gautam emphasised, “The commendable allocation in this year’s budget marks a significant stride towards transforming India into a sporting powerhouse. By prioritising grassroots infrastructure via increasing the Khelo India budget, we are not just investing in facilities but nurturing the latent talent that resides in every corner of our nation. This budget reflects a visionary approach, recognizing that the true potential of our athletes lies in the foundation we build for them today. It’s a resounding commitment to creating a robust sports ecosystem and with our combined efforts I hope this will fuel the aspirations of our youth and propel India to new heights on the global stage.”

    Gamepoint co-founder & CEO Aditya Reddy believes that the impact of sports extends beyond the field, offering massive economic opportunities.

    “PM Narendra Modi during the inauguration of the Khelo India Youth Games in Chennai stated that the government has resolved to make the country an important centre of the global sports ecosystem. He also highlighted that sports was not just limited to the field, but also presents a huge economic opportunity, he said the country’s sports-related industry will be worth at least Rs 1 lakh crore in a few years. Given the positive approach of the government towards sports, we hope that post the Lok Sabha elections, the new government will increase the budget allocation and announce new measures for the growth of Indian sports,” noted Aditya Reddy.

    Alongside the increased budget allocations, FM Nirmala Sitharaman praised the achievements of the country’s youth in sports and highlighted the confidence level reflected in India’s highest-ever medal tally at last year’s Asian and Para Asian Games during her speech.

    In addition, she proudly stated that India now boasts over 80 Chess Grandmasters which is a significant increase from just over 20 in 2010 and sparked optimism among the country’s sporting business stakeholders.

    Punit Balan, whose PBG-owned team Balan Alaskan Knights competed in the inaugural Global Chess League (GCL) last year said, “Our FM, Nirmala Sitharaman, acknowledging the remarkable achievements of our youth in sports, particularly in chess, reflects the bright future of the sport in our nation. We take pride in Raunak Sadhwani, the prodigy of Balan Alaskan Knights, being one of India’s 80 Grandmasters.”

    The positive sentiments were echoed by Suhail Chandhok who expressed, “As mentioned by FM Nirmala Sitharaman, Indian athletes have been making their presence felt on the International stage and that is a significant indication of our country becoming a sporting powerhouse. Our upGrad Mumba Masters’ grandmasters Vidit Gujrathi, Harika Dronavalli, and Koneru Humpy securing Medals at last year’s Asian Games 2022 have brought immense pride to Indian chess, with Vidit also going on to secure a place in the prestigious Candidates tournament.”

    With the continued support from the government, the sports sector in India is poised for further development and a bright future for athletes across various disciplines.