The business value of the league, popularly called the IPL, surged to a record $18.5 billion last year, U.S.-based investment bank Houlihan Lokey says.
Open offers this calendar year, following attempts at acquisition and takeover, came in at more than two a week. There were 121 such open offers to acquire additional shares following a substantial acquisition or change of control, shows the data compiled by primedatabase.com.
Dominic Xavier highlights the CVC India needs.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row and dividends remain his main source of earnings. Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
The FIR, filed in December 2022 by M G Nagaraja, alleged that the 24-year-old Paris Olympian, along with his brother Chirag Sen, had fudged their age to get into playing age-group tournaments since 2010.
Healthcare and energy conglomerate Torrent Group has acquired majority stake in IPL franchise Gujarat Titans.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
The high point of the 19 Shastri months was the 22-day war that he fought against great odds and won in principle, even if military historians often call it a stalemate. Pakistan saw a great opportunity to conquer Kashmir and lost. It was the last time they had the relative strength militarily and diplomatically to take Kashmir. Shastri's resolve buried that dream forever, points out Shekhar Gupta.
He said the country needs to have "zero tolerance" for corruption in the administrative ecosystem and this would work for the idea of a developed India.
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time.
Virtually addressing a joint conference of the CVC and the CBI at Kevadia in Gujarat, Modi said no matter how powerful a person may be, stern action should be taken against those who work against the interest of the nation or its people.
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
In the order, the CVC has outlined procedure for government organisations for obtaining vigilance clearance for retired-babus before employing them.
A bench headed by Chief Justice Ranjan Gogoi ordered that the confidential CVC report be given to Verma in a sealed cover and asked him to respond to it by Monday, also in a sealed cover. It will take up the matter on Tuesday.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fourth straight year in a row while his children earned a sitting fee and a commission for being on the board of India's most valuable company. Ambani, 67, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
The top court said former Supreme Court judge A K Patnaik will oversee the CVC inquiry.
The CVC is awaiting sanction to prosecute nine employees of PNB and 2 other banks who were booked by the CBI for their alleged involvement in corruption.
The world's largest retailer entered India in 2007.
The CVC had received a complaint accusing Goswami of influencing decisions linked to Sinh and an enquiry in the case is going on, official sources said.
The CVC is launching on Thursday a new portal 'Vig-Eye' (vigilance's eye) on the Internet on which the citizens can upload videos or audios direct from their mobiles on the occasion of the UN-designated International Anti-Corruption Day.
'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
The IPL's two new teams -- Sanjiv Goenka's RPSG Group for the Lucknow franchise and CVC Capital's Ahmedabad received formal clearance from the BCCI after the IPL's Governing Council met on Tuesday.
The Supreme Court on Wednesday asked the Centre to take its prior "leave" before going ahead with the appointment of the Central Vigilance Commissioner and Vigilance Commissioner and also sought records pertaining to the selection process in a sealed cover.
The Bharatiya Janata Party on Tuesday cornered the government for 'defending' Chief Vigilance Commissioner P J Thomas in the Supreme Court, asking Prime Minister Manmohan Singh and Congress President Sonia Gandhi as to what was the 'compulsion' to defend the 'tainted' official and attack the upright comptroller and auditor general.
While Lok Sabha Speaker is yet to decide on Leader of Opposition, the Centre on Monday went ahead with the process of appointment of Central Vigilance Commissioner and sought nominations of eligible candidates from all secretaries.
The Central Vigilance Commission has come out with a stunning report on the "public-private partnership" model of the nexus between corporates, politicians and bureaucrats to perpetrate large-scale corruption.
The Central Vigilance Commission has sought information regarding complaints of irregularities committed by the registrar of the All India Institute of Medical Sciences, Health Minister Anbumani Ramadoss said on Friday.
Citing overlapping of functions, a parliamentary committee on Monday recommended integrating Central Vigilance Commission and anti-corruption wing of the Central Bureau of Investigation to work directly under the command and control of Lokpal to deal with corruption cases.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
Vigilance Commissioner Suresh N Patel was on Wednesday appointed as the Central Vigilance Commissioner, a year after the post fell vacant.
The Central Vigilance Committee has sought loan data from United Bank
Chowdhury, the leader of the Congress in Lok Sabha, was suspended on Thursday for allegedly attacking Prime Minister Narendra Modi and disturbing the ministers.
Former IPL boss Lalit Modi has questioned the entry of private equity firm CVC Capital Partners in the Indian Premier League due to its investments in companies linked to betting activities.
India achieved a major milestone in its vaccination programme against COVID-19 as the cumulative vaccine doses administered in the country surpassed the 200-crore mark on Sunday.
It could well be the last mega auction the BCCI may conduct, as most of the original IPL franchises want it discontinued.
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