SunRisers Hyderabad has the biggest purse while Kolkata Knight Riders has the slimmest purse.
Ahead of the high-octane clash, here are some key players to look out for:
Veteran opener David Warner produced a feisty unbeaten 89 as Australia registered an emphatic eight-wicket win against West Indies to boost their semi-final hopes, at the T20 World Cup, in Abu Dhabi on Saturday.
'Right now I think Finchy (Aaron Finch) is doing a great job, Painey is doing a great job. So, that gives Pat Cummins the opportunity to learn and watch and sit back and see how he feels about that role and experience a few different things'
Gujarat Lions' star performer Aaron Finch is confident that their team can win five out of the next six matches to make it to the play-offs of the Indian Premier League after comprehensively defeating Royal Challengers Bangalore.
He came out with a plan and that plan was to use his brute force to smash bowlers all around the park to take his team home to victory.
Carey was named a co-vice captain of the limited-overs sides captained by Aaron Finch during the home summer, and has impressed with his glovework during recent series against Pakistan and India.
Steve Smith has branded India favourites to win the T20 World Cup after Virat Kohli's side outclassed Australia in a warm-up match on Wednesday.
Dashing opening batsman David Warner won his third Allan Border Medal, while Ellyse Perry claimed her second Belinda Clark Award at the Australian Cricket Awards, in Melbourne, on Monday.
The visitors chose to bat first and set West Indies a target of 190 after Marsh struck six sixes and four boundaries, while skipper Aaron Finch scored 53 runs off 37 balls.
Kedar Jadhav and Mahendra Singh Dhoni struck unbeaten fifties to help India pull off a tricky chase and beat Australia by six wickets in the first One-day international on Saturday.
David Warner thanked Virat Kohli for his playing jersey
The third and deciding one-dayer will be played in Bengaluru on Sunday.
Cricket is "insignificant" compared to the bushfires raging in his country at the moment, Australia captain Aaron Finch said on Friday, hoping to bring smiles on the faces of those affected by the tragedy, with good performances against India. The bushfires have shocked the world and prompted an outpouring of support from celebrities, athletes and leaders around the world.
Marcus Harris, Aaron Finch and Travis Head all made half-centuries but none of them was able to really put their foot down on the gas as India pegged the Australians back on a grassy, drop-in wicket that occasionally played a few tricks.
Having gone down swinging in an enthralling Adelaide Test, Australia barely have time to pick themselves up off the canvas before another potentially bruising contest against a confident India in Perth.
Australia will open their campaign in the T20 World Cup against South Africa in the first game of the Super 12 stage at the Abu Dhabi Stadium on October 23.
With 10 points, KKR, however, are on the brink of elimination.
IMAGES from Day 1 of the 2nd Test played at Optus Stadium in Perth on Friday
Kane Williamson is still holding the pole position among Test batsmen while Pat Cummins (908) has a significant (48 points) lead at the top among bowlers over India's Ravichandran Ashwin (850).
Australia left-arm spinner Ashton Agar took a career-best 5-24, including a hat-trick, as they thrashed hosts South Africa by a massive 107 runs in the first Twenty20 International at The Wanderers in Johannesburg on Friday. After being sent in to bat, Australia amassed 196 for six in their 20 overs as South Africa struggled with their line and length and missed a number of catches in the field in what was a sloppy display. The home side were in early trouble in their reply when they lost mainstay Quinton de Kock in the first over and it became a precession after that as Agar helped bowl the hosts out for 89, a record low for South Africa.
With no Jasprit Bumrah in the Indian line-up, the 'Men In Blue' are missing a trick. And despite Mohammed Shami's brilliance in the warm-up game against Australia on the other day in Brisbane, the bowling unit doesn't inspire much confidence.
Steve Smith and David Warner's first batting partnership on home soil since their ball-tampering suspensions helped Australia to a series-sealing nine-wicket victory over Sri Lanka in Brisbane.
RCB suffered four consecutive defeats to finish the league stage at the fourth spot, SRH registered a hat-trick of wins to edge past Virat Kohli's men in the standings.
Bangladesh mounted a spirited chase in pursuit of a 382-run victory target but finished on 333-8 to succumb to their third defeat in six matches.
The purists might be worried about the impact of Twenty20 on players' technique, but India all-rounder Ravindra Jadeja feels that the shortest format has had no effect of the cricketers' skills as they are well-trained to shift gears whenever required.
Meet the winners of the past seven editions of the T20 World cup.
Delhi Capitals will look to put the 'no-ball' controversy behind and gain much needed momentum against another side seeking course correction, the Kolkata Knight Riders, in the Indian Premier League.
Pakistan captain Babar Azam has surpassed India's Virat Kohli in becoming the world No.1 T20I batter for the longest period of time after he maintained his top spot in the latest ICC T20 batting rankings.
'Definitely Virat Kohli. He's No 1'
With this victory, Australia won the three-match T20I series against Pakistan by 2-0 as the first match was washed out.
IMAGES from the 3rd ODI between India and Australia played in Bengaluru on Sunday
Chris Gayle smashed 67 off 38 balls as the West Indies sealed a six-wicket win over Australia in the third Twenty20 international in St Lucia on Monday to take an unassailable 3-0 lead in their five-match series.
India have surged to the second spot in the ICC's latest T20I rankings after they completed a 3-0 clean sweep over Sri Lanka in the shortest-format on Sunday.
Rajneesh Gupta lists the Australian players's T20 Internationals records updated after the game against Pakistan in the T20 World Cup.
Australia head coach Justin Langer feels the Indian Premier League is an excellent platform to prepare for the T20 World Cup but conceded that health is paramount as the the T20 league may become another casualty of the COVID-19 pandemic. The 13th edition of IPL was originally scheduled to start on March 29 in Mumbai but it was postponed to April 15 to contain the spread of the COVID-19 pandemic, which has killed more than 24,000 people worldwide.
While the return of pace spearhead Anrich Nortje, who had been nursing an injury, bolstered the bowling unit, the South African, who hasn't bowled since the T20 World Cup in November, looked understandably rusty.
In other big movements, Punjab Kings have released their last edition's captain Mayank Agarwal, while West Indies skipper Nicholas Pooran was released by Sunrisers Hyderabad.
Aaron Finch and his men arrived in India as clear underdogs, having endured a wretched couple of years in the format during which they lost six ODI series in a row and were ravaged by a ball-tampering scandal.
Virat Kohli's tourists are the second ranked ODI side in the world and will be looking to get into their groove in the three 50-over and three Twenty20 matches that precede the four-match Test series around the new year.