Mahela Jayawardene returns to Mumbai Indians as head coach
Mumbai, Oct 13: The five-time Indian Premier League winners Mumbai Indians on Sunday announced roping in former Sri Lanka captain Mahela Jayawardene as their head coach with a major overhaul on the horizon with a mega auction to follow.
Jayawardene has had a similar role with the franchise from 2017-2022 and oversaw their title-winning campaigns in 2017, 2019 and 2020-21.
Jayawardene replaces former South African wicketkeeper-batter Mark Boucher who had a two-year stint as MI’s head coach in 2023 and 2024.
Mumbai Indians qualified for the knockouts in the 2023 edition but endured a poor run this year, finishing last with only four wins in 14 matches.
“My journey within the MI family has always been one of evolution. In 2017, the focus was on bringing together a talented group of individuals to play the best cricket ever and we did very well,” Jayawardene said in a release issued by the franchise.
“Now to return, at the same moment in history, where we look ahead at the future and the opportunity to further strengthen the love of MI, build on the vision of the owners, and continue to add to the history of Mumbai Indians, is an exciting challenge I am looking forward to,” he added.
Jayawardene became MI’s global head of cricket and saw the expansion of the franchise’s other teams. He worked with the coaching staff as MI (WPL), MI NY (MLC) and MIW (ILT20) won a trophy each.
"With our global teams having found their footing within their ecosystems, the opportunity to bring him back to MI arose," said team owner Akash Ambani.
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Rupee starts 2026 on negative note; falls 11 paise to 89.99/ USD in early trade
Mumbai (PTI): The rupee started the new year on a negative note and depreciated 11 paise to 89.99 against the US dollar in early trade on Thursday weighed down by persistent foreign fund outflows.
Forex traders said the rupee entered 2026 with both challenges and cushions, while global uncertainty persists, India’s strong macroeconomic parameters and ample forex reserves provide stability.
At the interbank foreign exchange market, the rupee opened at 89.94 against the US dollar, then lost some ground and touched 89.99, registering a fall of 11 paise over its previous close.
On Wednesday, the last trading session of 2025, the rupee settled at 89.88 against the US dollar.
"While the calendar has changed, volatility is likely to persist. Under Governor Sanjay Malhotra, the RBI appears comfortable allowing the rupee to adjust with market forces, while remaining actively present to smooth excessive moves and maintain orderly conditions," CR Forex Advisors MD Amit Pabari said.
Progress on the paused India–US trade deal remains a key upside risk and could deliver a meaningful confidence boost if concluded, Pabari said. "For now, USD/INR is expected to trade in the 89.30–90.20 range in the near term," he said, adding that a sustained break below 89.30 could open the path toward 88.50.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.09 per cent higher at 98.32.
Brent crude, the global oil benchmark, was trading lower by 0.78 per cent at USD 60.85 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 194.38 points higher at 85,414.98, while the Nifty was up 47.55 points at 26,177.15.
Foreign Institutional Investors offloaded equities worth Rs 3,597.38 crore on Wednesday, according to exchange data.
