Deccan Chronicle Group has put Deccan Chargers, the Hyderabad-based Indian Premier League (IPL) cricket team, on the block within 10 months of acquiring it.
Andrew Symonds's half-century and a superb spell from Pragyan Ojha enabled Deccan Chargers outclass Delhi Daredevils by 11 runs and storm into the semi-finals of the Indian Premier League, in Delhi, on Sunday.
Private sector helicopter charter company Deccan Aviation on Monday announced the launch of helicopter charter service from the Bangalore International Airport to select locations in the city.
Simplifly Deccan, the low-cost carrier (LCC) brand formed after the merger of full service airline Kingfisher and the LCC Air Deccan, may soon cease to exist.
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
The IMD issued a 'red alert' for Pune district and asked people to take precautions.
Rohit Sharma's half-century and a splendid performance from their bowlers saw Deccan Chargers beat Royal Challengers Bangalore by 13 runs in the Indian Premier League in Nagpur on Monday. Set 152 for victory, Bangalore lost wickets at regular intervals and were bundled out for 138 in 19.4 overs.
The defending champions had to win their last five games to make it to the semi-finals and against all expectations, they made it to the last four. It was a virtual quarter-final against Delhi Daredevils in Delhi on Sunday and it was Deccan, who thrived under pressure to register an important 11-run victory.
The BCCI on Saturday sought to justify the decision to terminate the IPL contract of debt-ridden Deccan Chargers, saying it was compelled to take action after the beleaguered franchise claimed that it had not committed any breaches and threatened to take legal recourse.
Andrew Symonds was once again the star performer for Deccan Chargers as they beat Delhi Daredevils by 10 runs in the Indian Premier League at the Barabati stadium in Cuttack, on Sunday. Symonds took three for 21 in his four overs, including two wickets in his final over, to follow up on the brisk 35 from 24 balls he made with the bat.
T Suman's brisk half-century and three wickets from Ryan Harris saw Deccan Chargers outclass Chennai Super Kings by six wickets in the Indian Premier League in Nagpur, on Saturday. Suman top-scored with 55 from 44 balls and Andrew Symonds hit a quick to take Deccan to 139 for four in 19.1 overs after being a set a modest 139 for victory.
With combined accumulated losses of around Rs 2,000 crore (Rs 20 billion), the new entity created by the merger of unlisted Kingfisher Airlines with Deccan Aviation will have many strengths, but its balance sheet will not be one of them.
Beleaguered Indian Premier League (IPL) franchise Deccan Chargers' inability to find a buyer has put the Board of Control for Cricket in India (BCCI) in a quandary.
The cash-strapped Deccan Chargers will remain terminated from the IPL after the Bombay high court on Thursday set aside a status quo order passed by an arbitrator on cessation of its membership in the league.
In a sudden move, the Board of Control for Cricket in India on Friday terminated the contract of Deccan Chargers after an emergency Governing Council meeting of the Indian Premier League, in Chennai.
Ace Indian shuttler Saina Nehwal will promote Indian Premier League champions Deccan Chargers after she was made brand ambassador of the media group which owns the team. The 20-year-old Hyderabadi signed a three-year deal with Deccan Chronicle at a glittering function in Hyderabad on Saturday.
In a first by an Indian firm, Deccan Aviation chief Capt GR Gopinath on Friday announced the launch of Deccan Express Logistics, an air cargo and express logistic service on domestic and international routes.
Low-cost carrier Simplify Deccan will be rebranded Kingfisher Red, a separate brand identity from Vijay Mallya-promoted full-service carrier Kingfisher Airlines.
AB de Villiers blasted a whirlwind 17-ball 47 at the death after Tillakaratne Dilshan's 54-ball 71 to help Royal Challengers Bangalore notch up a sensational five-wicket victory over Deccan Chargers in their Indian Premier League match in Bangalore.
Deccan Airlines has announced a new commercial policy for cancellation of tickets and rescheduling of tickets, with the aim of offering passengers more flexible travel options.As against the earlier policy where passengers wishing to cancel their tickets were provided credit voucher, passengers under the new cancellation policy would receive cash back against all ticket cancellations, a Deccan release said.
Low-cost carrier Deccan Aviation is considering rationalisation of some of its routes as a cost-cutting measure in the backdrop of a hike in aviation turbine fuel (ATF) prices, a top company official said.
Deccan Chronicle Holdings has restarted efforts to sell its Indian Premier League franchise Deccan Chargers, and is in talks with Perth businessman Vikas Rambal and Adani Group, sources with direct knowledge of the talks, told Reuters.
The board of Deccan Aviation, India's largest budget carrier, will meet in Bangalore on Wednesday to consider the merger with the UB Group's Kingfisher Airlines, which bought a stake in the carrier recently.
Merged entity to be named Kingfisher Airlines.
Shikhar Dhawan's fighting half-century went in vain as Kolkata Knight Riders produced a clinical performance to beat a struggling Deccan Chargers by 20 runs in an Indian Premier League match in Hyderabad on Tuesday.
After strong statements to the contrary, UB Group chairman Vijay Mallya on Tuesday said that he was considering the merger of Kingfisher Airlines with budget carrier Simplifly Deccan (earlier Air Deccan), in which the former bought a 26 per cent stake in June. Mallya said Kingfisher had asked consulting firm Accenture to study the integration of the two airlines, including the possibility of a merger.
Discussions have been initiated to sell the company to a Mumbai-headquartered, highly diversified, multi-billion dollar corporate group which has interests in retail and logistics, among various others.
At least 10 firms, including a few media houses and some of the leading private equity funds, are said to be in the race to acquire a majority stake in Hyderabad's Deccan Chargers, the Indian Premier League cricket team currently owned by the Deccan Chronicle group.
Although defending champions Chennai Super Kings are a formidable force at home, Deccan Chargers can topple them if they combine their batting and bowling units effectively, feels the Chargers vice-captain Cameron White.
Deccan is planning to travel international routes from August from three destinations in India.
Royal Challengers Bangalore ended their campaign on a high, crushing Deccan Chargers by nine wickets in the third place play-off match in the Indian Premier League in Mumbai, on Saturday. Chasing 83 for victory, Bangalore cruised to 86 for one in 13.5 overs and won with 37 deliveries to spare to seal a place in the Champions League Twenty20 tournament.
With the inauguration of a direct flight from Delhi to Srinagar, Deccan Aviation, which operates Air Deccan, on Tuesday announced that the low-cost airline would concentrate on increasing the connectivity within Jammu and Kashmir.
Images from the Indian Premier League match between Deccan Chargers and Rajasthan Royals in Nagpur, on Monday.
The Deccan Chronicle Holdings Limited (DCHL) on Thursday issued a tender notice inviting bids from prospective buyers for its IPL franchisee Deccan Chargers, which is currently in a financial mess.
Angelo Mathews's superb all-round performance saw Kolkata Knight Riders stun defending champions Deccan Chargers by 11 runs in the opening match of the third season of the Indian Premier League, at the DY Patil Stadium in Mumbai, on Friday. Mathews hit an unbeaten half-century and then took one wicket for 27 runs in four overs as Deccan Chargers were restricted to just 150 for seven in their 20 overs in reply to Kolkata's 161 for four.