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AUCKLAND, New Zealand — The New Zealand Warriors host the Manly Sea Eagles Saturday in the final round of the 2026 NRL regular season, with the Telstra Premiership’s minor premiership on the line as both clubs close out their home-and-away campaigns before the finals series begins.

Kickoff is set for 3 p.m. AEST, which translates to 5 p.m. local time in New Zealand, at Go Media Stadium, also known as Mount Smart Stadium, in Auckland. A capacity crowd is expected as the Warriors look to secure their first minor premiership by finishing atop the regular-season standings.

For fans in Australia, the match will be broadcast live on Fox League, channel 502, with streaming available through Kayo Sports beginning at 2:30 p.m. AEST, ahead of the scheduled kickoff. Kayo offers subscribers the ability to stream every match of every round live or on demand across a range of devices, giving Australian viewers flexible access to the game regardless of whether they are watching on a television, computer or mobile device.

New Zealand-based fans can watch the match live on Sky Sport Now, with the broadcast also scheduled to begin at 5 p.m. local time to coincide with kickoff. The NRL’s own streaming platform, WatchNRL, will additionally carry the match as part of its Round 27 coverage, offering an alternative streaming option for fans both within and outside Australia and New Zealand, excluding the Pacific Islands, where regional broadcast restrictions apply.

Saturday’s fixture carries significant stakes for the Warriors, who enter the match looking to claim the club’s first-ever minor premiership by finishing the regular season atop the NRL ladder. New Zealand has been in strong form heading into the final round, having sat top of the competition following a 14-point win over the Newcastle Knights in the previous round. A win over Manly would cement the Warriors’ position as minor premiers heading into the finals series, a notable achievement for a franchise that has historically battled inconsistency throughout its NRL history.

The match also holds broader significance for the finals race more generally, with several playoff positions and seedings still to be finalized as the eight qualifying clubs jockey for position ahead of the finals series. While Manly has already secured a place in this year’s finals, the Sea Eagles’ final positioning within the top eight could still be affected by Saturday’s result against the in-form Warriors.

Saturday’s fixture is one of three matches taking place as part of the NRL’s final regular-season Saturday, according to ABC Sport’s live coverage of the day’s action. Following the Warriors-Sea Eagles clash in Auckland, attention shifts to Townsville, where the finals-bound North Queensland Cowboys host the Canberra Raiders, before Cronulla hosts Melbourne at Shark Park later in the evening.

Warriors head coach Andrew Webster has overseen a significant turnaround for the club this season, with New Zealand’s push toward the minor premiership representing one of the more notable storylines of this year’s NRL campaign. Webster is also reportedly on track to become the Warriors’ longest-serving head coach, adding an additional layer of significance to the club’s strong finish to the regular season under his leadership.

Beyond the Warriors-Sea Eagles matchup specifically, Saturday’s broader NRL schedule features several additional Round 27 fixtures across the day and into Sunday. Other matches this round include the Cowboys hosting the Raiders, the Sharks facing the Storm, the Dragons taking on the Eels, and the Panthers meeting the Wests Tigers, rounding out the final weekend of regular-season action before the finals series begins.

For fans looking to follow the match through alternative means beyond a full video broadcast, ABC Sport is providing live blog and radio coverage of Saturday’s fixture as part of its broader coverage of the day’s NRL action, offering text-based updates and commentary for those unable to access the primary broadcast or streaming options.

The Warriors’ push for the minor premiership comes after a season in which the club has shown considerably improved form and consistency compared with recent years, positioning New Zealand as one of the league’s most closely watched teams heading into this year’s finals series. A strong showing against Manly on Saturday would provide further momentum for the Warriors as they prepare to open their finals campaign in the coming weeks, likely with home-ground advantage secured given their position atop the ladder heading into the final round.

For Manly, Saturday’s match against a Warriors side chasing the minor premiership presents an opportunity to build momentum of their own heading into the finals, even with their playoff position for this year already effectively locked in. The Sea Eagles will be looking to close out the regular season on a positive note as they turn their attention toward the postseason.

With three closely watched matches unfolding across the final Saturday of the NRL’s regular season, including the marquee Warriors-Sea Eagles clash with the minor premiership at stake, fans across Australia, New Zealand and beyond have a range of broadcast and streaming options available to follow all the action as the league transitions from its regular-season schedule into the finals series in the weeks ahead.

Kickoff for the Warriors-Sea Eagles match remains set for 3 p.m. AEST, or 5 p.m. local time in Auckland, with Fox League and Kayo Sports serving as the primary broadcast options for fans in Australia, Sky Sport Now covering the match for viewers in New Zealand, and WatchNRL offering an additional streaming option for those following the league’s broader international footprint as the regular season concludes and playoff positioning is finalized ahead of the postseason.

According to Kotak Securities, the implied one-year forward P/E of ITC’s tobacco business is around 11X, based on depressed FY2027-28E earnings per share compared with FY2026 levels. The brokerage said this valuation implies that the market either expects the tobacco business’ earnings to remain stagnant at low levels in perpetuity, believes the value of ITC’s non-tobacco businesses is significantly lower, or has limited appetite for the tobacco business.

Kotak’s valuation assigns a 16X multiple to September 2028E earnings for the tobacco business, resulting in a 12-month fair value of Rs 194. For the non-tobacco business, it uses 30X September 2028E EBITDA to arrive at a 12-month fair value of Rs 80. The brokerage assigns another Rs 84 to ITC’s other businesses and cash.

Tobacco business: What is the market pricing in?

Kotak Securities believes its 16X two-year forward P/E multiple for ITC’s tobacco business is reasonable. The multiple implies 4.8% growth in free cash flow to equity (FCFE) in perpetuity assuming an 11% cost of equity, and 5.8% perpetual FCFE growth assuming a 12% cost of equity.
The brokerage noted that the implied growth in net profit is similar to the PAT growth estimates for major global tobacco companies.

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Against this backdrop, the 11X implied P/E for ITC’s tobacco business in the reverse-SoTP valuation suggests that the market either expects earnings to stagnate at low levels in perpetuity or considers Kotak’s near-term earnings estimates for the business too aggressive. Kotak said its assumptions for the tobacco business should address the latter concern.

Non-tobacco business: A high multiple, but faster growth

Kotak Securities acknowledged that its 30X two-year forward EV/EBITDA multiple for ITC’s non-tobacco business may appear aggressive compared with peers, particularly after the sharp derating in their multiples over the past few months.However, the brokerage expects ITC’s non-tobacco business to deliver faster profit growth than other companies. It attributes this to likely stronger growth in several key categories where ITC has lower market shares, along with the scope for margin expansion as the business scales up.

Kotak expects strong growth in revenue and EBIT from the non-tobacco business over the next few years, even with only moderate expansion in its EBIT margin.

Splitting ITC could unlock value

Kotak Securities believes a vertical split of ITC into two separate entities, with the tobacco business housed in one and the non-tobacco businesses in another, could unlock significant value for shareholders.

According to the brokerage, the tobacco entity could attract value-oriented shareholders seeking steady growth and high dividend yields. The non-tobacco entity, meanwhile, could appeal to growth investors as well as a broader pool of investors who may otherwise be deterred by ESG concerns associated with tobacco.

The brokerage’s core argument is that ITC’s current valuation does not appear to fully reflect the value it assigns to the tobacco and non-tobacco businesses separately.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

NEWARK, N.J. — Damian Knyba pulled off a significant upset Friday night, dropping former unified heavyweight champion Andy Ruiz Jr. and winning a unanimous decision in a lopsided heavyweight main event at the Prudential Center, dealing a major setback to Ruiz’s attempted return to boxing’s title picture.

Judges scored the 12-round bout 117-110, 114-113 and 114-113, all in favor of Knyba, who improved his professional record to 18-1 with 11 knockouts. Ruiz falls to 35-3-1 with 22 knockouts, suffering just the third loss of his career.

The Polish heavyweight, standing 6-foot-7 with an 86-inch reach, used his significant size advantage over the 6-foot-2 Ruiz to control the pace of the fight from the opening rounds. Knyba threw an estimated 720 jabs over the course of the 12-round distance, using his lead hand to keep Ruiz at bay and prevent him from closing the distance needed to work effectively on the inside.

The fight’s decisive moment came at the end of the seventh round, when Knyba hurt Ruiz with a double jab-cross combination followed by a barrage of additional punches, dropping the former champion and leaving him needing to survive a difficult stretch before hearing the final bell of the round. Ruiz managed to recover and remain in the fight through the remaining rounds, but was unable to meaningfully close the gap on the scorecards against Knyba’s jab-controlled approach.

Ruiz did find moments of success during the fight, particularly in the fifth and sixth rounds, when he picked up his pace, began landing his right hand more consistently, and opened a cut on Knyba. Whenever Ruiz managed to close the distance, however, Knyba frequently tied him up in clinches, stalling Ruiz’s offensive output and limiting his ability to land sustained combinations.

Speaking after the fight, Ruiz pointed to Knyba’s clinching as a key factor in the outcome, while also crediting his opponent’s overall strategy.

“I just want to thank God, man, for this opportunity and Eddie Hearn,” Ruiz said. “I don’t know. I think it was just him holding. Every time I try to come in, he hold me really tight. And I couldn’t let my combinations go, but he played a good game plan, but I love to run it back and do things a lot different.”

Despite the loss, Ruiz insisted he remains capable of competing for a heavyweight world title, attributing much of his difficulty to the lengthy layoff heading into the fight rather than any decline in his overall ability.

“Of course I do, man,” Ruiz said when asked if he still believes he can win a title. “It was just a long layoff and it was a great opponent, you know, and I didn’t want to take an easy fight, so that’s why I took Damian and he’s a big guy, but you know, we got to take risks.”

Ruiz made clear he does not intend to retire following the setback, expressing a desire to remain active and continue pursuing another run at a heavyweight championship.

“Like I said, I want to thank God and, you know, it’s not done,” Ruiz said. “God’s not done, man. Just because of this loss, I still got it in me, man. I just need to stay active and I want to fight again. I want to fight again.”

Friday’s fight marked Ruiz’s first bout since a majority draw against Jarrell Miller in August 2024, and just his second fight over the preceding four years. Ruiz, who turns 37 in a week, famously shocked Anthony Joshua in June 2019 to become the first heavyweight champion of Mexican descent, only to lose the belts back to Joshua in a rematch roughly six months later. The seven years since that title loss have been defined more by inactivity, weight fluctuations and inconsistency than by regular competition inside the ring.

The fight represented Ruiz’s first bout under his new promotional deal with Eddie Hearn and Matchroom Boxing, a partnership aimed at helping guide him toward a second heavyweight championship run. Instead, the opening fight of that deal produced a knockdown and a loss to an opponent who had himself been stopped in his previous outing.

For Knyba, Friday’s win represents by far the most significant victory of his career, coming just months after he was stopped in the third round by interim WBC champion Agit Kabayel in January, a defeat that had put him in what analysts described as a must-win situation heading into Friday’s bout. Knyba’s win over a former unified heavyweight champion repositions him within the division after that earlier setback, and immediately raises questions about potential next steps for the Polish heavyweight, including a possible rematch with Ruiz.

Two former world champions serving as broadcast analysts during the fight suggested afterward that Ruiz should consider stepping away from the sport following the loss, according to accounts of the broadcast, though Ruiz’s own comments made clear he has no immediate plans to do so.

Elsewhere on Friday’s undercard at the Prudential Center, Vito Mielnicki Jr. defeated Austin Williams by unanimous decision in a middleweight bout, with all three judges scoring the fight 98-91. In a significant upset on the undercard, Eridson Garcia stopped heavily favored Alan Chaves by unanimous decision to win the WBO Latino lightweight title, dropping Chaves four times over the course of the bout. Super featherweight Zaquin Moses also picked up a win, stopping Angel Antonio Contreras after the fifth round when Contreras remained on his stool.

With Friday’s loss, Ruiz’s hopes of quickly returning to heavyweight title contention have been significantly complicated, even as he has indicated a clear intention to continue fighting. Given the competitive nature of the bout despite the lopsided official scorecards, a rematch between Ruiz and Knyba stands as an obvious next step for both fighters, and one that Matchroom Boxing may have strong incentive to pursue given the financial investment already made in building Ruiz’s comeback campaign around a potential second heavyweight championship run.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of IWM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I have long positions in Leverage Shares 4x Long Semiconductors ETP Securities, Leverage Shares 3x Long Memory (DRAM) ETP, and Leverage Shares 3x Long ARM ETP Securities. I am not a registered investment adviser, broker, dealer, or tax professional. This article, including any comments or replies I post, reflects my personal opinions only and is provided for informational and educational purposes. Nothing I write is investment, legal, tax, or financial advice, or a personalized recommendation to buy, sell, hold, or short any security. My views may change without notice. Nothing I write is tailored to any reader’s objectives, financial situation, risk tolerance, or portfolio. Investing involves risk, including possible loss of principal. Readers should conduct their own research and consult a qualified professional before making investment decisions.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

LONDON — Meghan Markle, the Duchess of Sussex, has paid an emotional and deeply personal tribute to Gloria Steinem, the trailblazing feminist journalist and activist who died Sept. 2 at age 92, marking the first Instagram post Markle has shared since returning to the United Kingdom with her family.

Markle shared a three-photo carousel on Instagram Thursday, featuring images of herself and Steinem sitting together beneath a tree, a photograph of Steinem embracing a young boy believed to be Prince Archie, and a black-and-white photo of the two women together on a couch. The post was set to Dolly Parton’s song “Just Because I’m a Woman,” a choice that appeared to honor both Steinem and Parton, the country music icon who died Aug. 25, within the same tribute.

Markle opened her tribute by describing the personal, private side of her relationship with Steinem, distinguishing it from the public advocacy work the two women had shared over the years.

“Privately, she was even better than you would imagine — spending Thanksgiving with our family, introducing me to one of my best friends (forever the champion of female friendship), loving our children with her whole heart, counselling me during hard times, and giving extraordinary advice and perspective with a cup of tea and an unrivalled cheekiness and wit,” Markle wrote.

Markle went on to share a specific anecdote she described as her favorite memory involving Steinem, recounting an encounter the activist once had with a stranger in New York City.

“But my very favourite story about GLO is when she was out one day in NY, and a woman approached her in absolute awe and said she wanted to introduce her young daughter to her (though she was embarrassed to say the young girl may not know who she was),” Markle wrote.

According to Markle’s account, Steinem responded to the woman with characteristic wisdom.

“Gloria replied: ‘It doesn’t matter if she knows who I am. What matters is that she knows who SHE is,’” Markle wrote.

Markle closed her tribute with a heartfelt farewell to her longtime friend and mentor.

“Rest in peace, and rest in pride. Look at what you’ve done for all of us. Thank you,” Markle wrote.

Elsewhere in the tribute, Markle reflected on Steinem’s well-known philosophy that “we are linked, not ranked,” a phrase Markle noted had also been inscribed on a bracelet Steinem once gave her, one she said she continues to wear proudly. Markle also expressed gratitude that Steinem had known, in her final weeks, precisely how loved and admired she was by those around her.

Markle and Steinem’s friendship dated back several years and included both public advocacy work and more private moments of mentorship. The two previously appeared together in a widely shared 2020 video discussing the importance of women’s voting participation, during which Steinem, then 86, welcomed Markle back to the United States following her and Prince Harry’s move to California after stepping back from senior royal duties. During that same period, the two were also photographed together cold-calling voters from Markle’s dining room table, an image that circulated widely at the time as an example of the pair’s shared commitment to civic engagement.

Steinem’s foundation confirmed her death in a statement shared through her official Instagram account, indicating she died peacefully at her home in New York City, surrounded by loved ones. Steinem, born in Toledo, Ohio, in 1934, became one of the most influential figures in the American feminist movement over the course of more than five decades of activism, co-founding Ms. magazine in 1972 and advocating throughout her career for reproductive rights and the Equal Rights Amendment.

Markle’s tribute arrives during a notable period of transition for the Duchess and her family, who recently relocated back to the United Kingdom alongside Prince Harry and their two children, Prince Archie and Princess Lilibet. The timing of Markle’s first public post since the move, dedicated entirely to mourning Steinem rather than addressing the family’s return itself, drew attention from royal commentators and fans following the family’s transition back to British life.

Separately, Smart Works, a charitable organization for which Markle has previously served as a patron, welcomed the Duchess and her family back to the country with a statement expressing enthusiasm about her return. The organization said it was “very excited to welcome the Duchess and her family back to the UK.” Markle has also served as patron of Mayhew, an animal welfare charity focused on improving conditions for dogs, cats and the broader community it serves both in London and internationally.

Tributes to Steinem have continued pouring in from across entertainment, activism and political circles in the days since her death, reflecting the breadth of her influence across generations of feminist activists, journalists and public figures. Markle’s tribute stands out among those public remembrances for its emphasis on the private, personal side of Steinem’s relationships, offering fans and followers a more intimate glimpse into the mentorship and friendship the two women shared away from their more public collaborative work on issues including voter engagement and gender equality.

Markle has not yet publicly addressed her family’s broader transition back to the United Kingdom beyond the tribute to Steinem, leaving open questions about how and when she might more directly discuss the family’s relocation, their settling-in process, and their approach to navigating British public life following years spent primarily in California since stepping back from royal duties in 2020. For now, her first public post since returning has centered entirely on honoring the memory of a woman she has described as both a trusted mentor and one of her closest personal friends.