According to sources, Videocon, Jaypee Associates, Sahara, Adani Group and a conglomerate in the construction business from Pune will be placing bids. The IPL will be accepting the bids for the two new teams on March 21 at 10 am. The bids will be opened and the winner will be declared at 11 am on the same day.
INOX has denied the claims made in a complaint to the stock market regulator by Reliance MediaWorks that Fame India promoters sold their stake in that company to INOX at an unduly low price, far lower than what RMW was willing to pay.
Entertainment content (movie and music) will be 10-15 per cent more expensive, following the proposals of the Finance Bill 2010.
Market participants say the focus of Finance Minister Pranab Mukherjee will be on fiscal deficit, more so in the wake of the recent debt crisis in some Europeon countries.
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