The Supreme Court on Thursday observed that Board of Control for Cricket in India (BCCI) chairman Anurag Thakur prima facie appears to have committed matter of perjury in relation to demanding an intervention via a letter from the International Cricket Council (ICC) in order to sidestep the implementation of the Justice (Retd.) R M Lodha-led committee recommendations.
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
Batting great Sachin Tendulkar and Dilip Vengsarkar are among 39 international players eligible to vote in the Mumbai Cricket Association (MCA) elections, scheduled to be held in Mumbai on October 4.
The fierce litigious fight for little-known Birla Corporation marked the first major controversy for this storied and reserved business family.
Board of Control for Cricket in India president Anurag Thakur conceded that the current crisis facing the BCCI is not in the best interest of cricketers but the Board will have to keep everything on hold till Supreme Court gives it's verdict on January 3.
Shapoorji, Kalpataru, Godrej pursuing Rs 60,000 crore opportunity in the region
The BCCI on Sunday announced an open tender process for allocating the cash-rich Indian Premier League's global broadcasting rights, a move that conforms to the Lodha Committee recommendations on transparency. "We are happy to announce the tender process for IPL Global Media Rights (TV and Digital)," BCCI President Anurag Thakur announced in a press conference in New Delhi.
The legal battle for the Rs 5,000 crore (Rs 50 billion) worth assets of M P Birla group has entered a crucial stage with the main arguments for claimant Rajendra S Lodha's probate petition for Priyamvada Birla's purported will about to begin soon.
The Working Group set up to look into the implementation of the findings of Lodha Committee report on IPL spot-fixing scandal met representatives of Mumbai Indians and KXIP co-owner Ness Wadia, who stated that he is not in favour of inviting foreign teams to fill the void.
The sale of the Lincoln House in the Breach Candy area of south Mumbai, which used to house the US consulate, to the billionaire chairman of the Pune-based Serum Institute, makes it the largest real estate deal in the country's financial capital.
Lodha, Birlas file caveats in court; Birlas say will may be fabricated.
Ajay Shirke raised termination issue, doesn't find support during the IPL Governing Council meeting in Mumbai.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
The Supreme Court bench comprising of Chief Justice T S Thakur and Justices A M Khanwilkar and D Y Chandrachud warned if there is a false statement given by BCCI office bearers on affidavit, then perjury or contempt proceedings could be initiated.
Former president Sharad Pawar may have made a comeback in the Mumbai Cricket Association after being elected unopposed on Friday, but the Union Minister for Agriculture announced that he has no plans to return to the Board of Control for Cricket in India set-up.
Terming the Indian Premier League spot-fixing and betting scandal as "unfortunate", former India batsman V V S Laxman on Wednesday said the Board of Control for Cricket in India is capable of restoring the credibility of Indian cricket.
Former IPL commissioner Lalit Modi described the two-year suspension of Chennai Super Kings (CSK) and Rajasthan Royals (RR) as the "first honest decision taken on Indian cricket".
The Madhya Pradesh Cricket Association (MPCA), which held its AGM on Monday, has decided that the erstwhile committee under the chairmanship of Jyotiraditya Scindia will continue to carry on its usual function in the State Association. With no nominations against the Scindia group and a Lodha Panel directive, which states that no elections should be held unless the first set of reforms are put in place, the general body said that it is only appropriate that old committee under the leadership of Scindia continues.
Justice Sengupta 'released' the matter before the start of the hearing on Monday, citing 'compelling circumstances' without giving further details.\n\n
While Pilot, who declared a week ago that he was placing no conditions for returning to the government, reportedly doesn't want a berth for himself, he has sought places for his followers.
In mid-2020, when Kushal Pal Singh, the undisputed king of India's vast real estate market, relinquished the top post at the country's largest realtor, he left behind an empire that is best compared to the Greek myth of the Phoenix. Once the leader of Delhi's organised real estate market, DLF's steep decline in the 1970s and its majestic rise since has often been cited as a business resurrection story. Now, a year after his departure from the helm of affairs, history seems to be repeating itself at the real estate major. In the 1970s, it was the government prohibitions that had forced DLF to venture into uncharted territory; some five decades later, the Delhi-headquartered firm has set its eyes on another growth trajectory that holds immense potential.
Shift to new business model to help companies cut capital cost, increase margins.
Prime property rates in South Mumbai at Rs 60,000 a sq ft remain high despite a slowing realty market.
Former India captain Sunil Gavaskar along with other enlisted in the Board of Control for Cricket in India's panel of commentators will have to sign an undertaking that they don't have any 'Conflict of Interest' as per the recommendations by the Lodha Panel.
Rajendra S Lodha, the chartered accountant who has staked claim on the Rs 5000 crore (Rs 50 billion) assets of the M P Birla group
Sharjeel Usmani, the son of Assistant Professor Tariq Usmani of the AMU's Department of Geography, was picked by the Uttar Pradesh's anti-terrorist squad (ATS) sleuths from his uncle's house in Azamgarh on Wednesday and was subsequently produced in a court in Aligarh which remanded him in judicial custody, they said.
In a scathing report submitted in the apex court, the two-member COA -- comprising Vinod Rai and Diana Edulji -- has asked that "governance, management and administration" of the Board be handed over to them along with a professional group headed by CEO Rahul Johri till the elections are held.
To energise a dull real estate market, Mumbai developers are lining up prelaunches of residential apartments. This is a popular way to raise funds before construction begins.
The two troubled Indian Premier League franchises, Chennai Super Kings and Rajasthan Royals, can breathe easy as members of the Board may not push for their termination at the Working Committee meeting to be chaired by newly appointed President Shashank Manohar in Mumbai on Sunday.
Ranbir-Hrithik also grooved together!
India may have to pull out of next year's Champions Trophy in England if the Board of Control for Cricket in India implements Justice RM Lodha Committee recommendations in toto, Board president Anurag Thakur warned on Monday.
Expressing dissatisfaction over the high court's verdict of dividing the 2.77 acre disputed site into three parts among Muslims, Hindus and Nirmohi Akhara, different religious groups have approached the apex court.
The BCCI will not be terminating Chennai Super Kings and Rajasthan Royals but will only be suspending the two franchises for a period of two years from the Indian Premier League (IPL) as per recommendations of the Supreme Court-appointed Lodha Committee.
Flight of high-paying banking jobs to other European cities will hurt the prospects of Indian real estate developers and desis in the hospitality business in the UK, says Kunal Bose.
The much-anticipated legal battle between the Birlas and their auditor Rajendra S Lodha over the control of M P Birla group could not begin on Monday as a Calcutta high court judge declined to hear the matter on personal grounds.
International Cricket Council chairman Shashank Manohar on Wednesday said that he is following the developments in the Board of Control for Cricket in India and that a 'strong BCCI' based on solid governance foundations is good for the game.
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