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.
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.
Low-cost carrier Simplify Deccan will be rebranded Kingfisher Red, a separate brand identity from Vijay Mallya-promoted full-service carrier Kingfisher Airlines.
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.
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.
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.
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.
The transaction, which values Air Deccan at Rs 155 a share, would be through allotment of non-preferential shares to UB
A superb all-round show by Andrew Symonds helped Deccan Chargers beat Kings XI Punjab by six runs in the Indian Premier League match at the Barabati stadium, in Cuttack, on Friday.
A stock bonanza awaits Adam Gilchrist and his Deccan Chargers teammates who fashioned a great turnaround in the IPL franchise team's fortunes to win the title in the second edition of the Twenty20 League, in South Africa in April-May. 'As and when we go public we will set aside a portion of the stock for the players,' Deccan Chargers chairman V Shankar said.
Kolkata Knight Riders jumped to third place in the points table after recording a five-wicket win over Deccan Chargers in a rain-affected low-scoring Indian Premier League match in Cuttack.
Adam Gilchrist scored a whirlwind 85 off 35 deliveries as Deccan Chargers beat Delhi Daredevils by six wickets in the first semi-final of the Indian Premier League on Friday.
Ryan Harris was instrumental in Australia's clinical show in New Zealand almost three weeks back. Three weeks later, he carried his bowling form on to the Indian Premier League, helping Deccan Changers a convincing six-wicket win against Chennai Super Kings.
Gandhi maintained when he submitted the complaint application against Bhide, the police said they would seek legal opinion before moving forward in the matter.
'Nonchalance is a way of life for him'
Deccan Chronicle holds 80 per cent stake in Deccan Chargers and had paid $107 million for the IPL franchise.
Their survival in the Indian Premier League at stake, former champions Deccan Chargers face an uphill battle as they take on a spirited Kolkata Knight Riders in Hyderabad on Tuesday.
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