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Following championship win, Cavs fans set new record in merchandise sales

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LeBron James hoists the Larry O'Brien Trophy while stepping off the Cavaliers plane after Cleveland returned home from winning the NBA Finals.

LeBron James hoists the Larry O’Brien Trophy while stepping off the Cavaliers plane after Cleveland returned home from winning the NBA Finals.

CLEVELAND (Diya TV) — After the Cavaliers captured Cleveland’s first professional sports championship in 52 years, fans busted out their laptops and smartphones and began ordering their commemorative championship hats, T-shirts and magazines.

A lot of them.

According to Fanatics, the nation’s largest online seller of sports merchandise which also runs the NBA Store in Manhattan and the league’s official online shop, Cavaliers fans bought twice as much championship swag in the first 24 hours after the win than Warriors fans had the year previous. Moreover, officials from Fanatics said Cavaliers fans have purchased more gear less than two days after winning a title than Warriors fans did for a full week following their championship last season.

“The response to the Cavaliers winning their first NBA title, and the city taking home their first championship in 52 years, has been overwhelming, both inside of Ohio and around the entire country,” said Jack Boyle, president of merchandising for Fanatics. “When you combine the global star power of LeBron and what he has meant to his city with the thrilling 3-1 [series] comeback, the nation was glued to this series and they are responding by purchasing more championship gear than any other NBA Finals in history.”

Cleveland-based T-shirt company Fresh Brewed Tees set an all-time sales record for all vendors at Cleveland Hopkins Airport, according to the company’s founder, Tony Madalone.

“We’ve done six figures in sales since the game ended,” Madalone said. “We saw similar demand to when LeBron came home. But this will be much longer and sustainable.”

Some of Madalone’s most popular shirts have been his “God Loves Cleveland” and “Two Won Six,” which refers to the city’s area code.

“I’ve been in Cleveland my whole life and I’ve never seen anything like this,” Madalone said. “Grown men crying, strangers hugging and high-fiving and every person in Cavs gear. It’s incredible.”

Sales of Cavaliers gear was “trending towards this being the largest [NBA] championship event in company history,” according to a Dick’s Sporting Goods company official.

Business

Indian IT companies curb H-1B premium processing

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H1-B visa premium processing

MUMBAI (Diya TV) — Indian IT services companies are not racing to use a H1-B visa premium processing option as in years past due to a changing business model and higher rejection rates.

Google announced a $1 billion commitment to help alleviate Silicon Valley’s housing crisis, saying they will add about 20,000 homes. While the housing plan is welcomed, many critics are upset that Google is able to do this because they exploit tax loopholes to shelter billions of dollars in revenue.

PG&E, the California public utility blamed for igniting several wildfires caused by downed power lines that killed dozens and destroyed thousands of homes, agreed to pay $1 billion in damages to local governments.

Laxman Narasimhan will becoming CEO of consumer goods group Reckitt Benckiser this fall.

He was Chief Commercial Officer at PepsiCo.

And India’s lunar lander will launch this July for the moon, and will launch its first mission to study the sun in 2020. ISRO is also planning to have a space station for India by 2030.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Business

India blocks entry of a Palestinian rights group into the U.N.

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Modi blocks Palestinian Rights

WASHINGTON (Diya TV) — Israeli Prime Minister Benjamin Netanyahu thanked Indian Prime Minister Narendra Modi on Twitter for India’s support in blocking the entry of a Palestinian rights group into the UN.

The U.S. Chamber of Commerce’s U.S.-India Business Council held day one of the India Ideas Summit, convening government officials from the U.S. and India, as well as business executives and thought leaders from around the globe. Google CEO Sundar Pichai and NASDAQ CEO Adena Friedman won Global Leadership Awards respectively.

And U.S. Secretary of State Mike Pompeo spoke as well, highlighting what he hope to accomplish during his visit to India in a few weeks.

Warriors star forward Kevin Durant announced on Instagram he had successful Achilles tendon surgery in New York surrounded by family and friends. His team will square off against the Raptors tomorrow night for Game 6 of the NBA Finals. Diya TV will be there with pregame and postgame analysis.

And Ravi Kapur and Jonathan Choe will take you inside TD Garden in Boston where St. Louis Blues are looking for their first Stanley Cup and the Boston Bruins are looking to add to their collection.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Basketball

Trump calls 50% tariffs by India on US motorcycles unacceptable

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Indian Tariffs unacceptable

WASHINGTON (Diya TV) — President Trump said though India reduced import tariffs on American motorcycles from 100 percent to 50 percent, it is still too high and not acceptable to him.

The Michigan Board of Education voted to approve new social studies standards, which now include Sikhism for the first  time. The new standards will give more than 1.4 million public school students in Michigan context about the Sikh community.

In a list compiled by the New York Times, Palo Alto Networks CEO Nikesh Arora and j2 Global CEO Vivek Shah are two of the top ten highest paid CEO’s amongst U.S. publicly traded companies.

While Arista Networks CEO Jayshree Ullal, Syntel co-founder Neerja Sethi and Confluent co-founder Neha Narkhede are among the richest self-made women according to Forbes.

And Ravi Kapur and Jonathan Choe will recap an eventful night in Toronto, where the Golden State Warriors held off the Raptors in Game 5 of the NBA Finals, after losing their star Kevin Durant to an Achilles injury.

Ravi Kapur & Alejandro Quintana contributed to this report.

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