Ace investor Rakesh Jhunjhunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjhunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the volumes which they can deliver. It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses. Jhunjhunwala cited the case of DLF, saying the stock price plummeted to Rs 80 from Rs 1,300 per piece to illustrate the risks associated.
Sankaranarayanan feels the Supreme Court still has a role to play in the matter and should take appropriate steps, otherwise all its efforts to reform the BCCI's administrative structure would go waste.
Jatin Paranjpe and Gagan Khoda are set to be removed from the BCCI senior selection panel after the Board was clearly told to trim to the panel to three members in place of five, as recommended by the Supreme Court-appointed Lodha Committee.
The Supreme Court today warned three top BCCI office bearers of serious consequences if they do not give suggestions on the cash-rich cricket body's draft constitution, in accordance with its judgement.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
The Board of Control for Cricket in India president Anurag Thakur, on Saturday, sought to justify its rejection of some of the major recommendations of Supreme Court-appointed Lodha Committee, saying that "it is upto the members of the Board to accept or reject them".
11 people died on Friday and some more were taken ill after allegedly consuming spurious liquor sold by a licensed vendor in Aligarh, a senior official said.
This will be the second meeting of the IPL GC headed by former Test batsman Brijesh Patel
'You hold the meeting. Act on the Lodha committee's recommendations as to which will be implemented and which will not be implemented. You send only your office bearers. Do not send N Srinivasan and Niranjan Shah. We do not want to make it adverserial," it said, adding, "we do not want the meeting to be stalled'
While the bond market is relatively conservative about their interest rate expectations, the currency market seems to be projecting that interest rates should be much sharper
India are likely to rest most of their senior players during the T20I series against New Zealand at home, which starts less than a week after the final of the T20 World Cup next month.
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.
In its 17-page Status Report, the COA has sought directives from the apex court on three issues.
CoA head Vinod Rai had on September 8 informed that the draft for the new constitution of the BCCI has been made and it will be submitted in the court before September 19.
The Supreme Court refused to entertain a plea seeking stay on the Board of Control for Cricket in India elections scheduled to take place on May 22.
The Delhi High Court on Wednesday placed Hockey India under a three-member Committee of Administrators (CoA) to run its day-to-day affairs
Sports Minister Vijay Goel has refused to comment on the possibility of Supreme Court initiating contempt proceedings against BCCI President Anurag Thakur, saying that his ministry has nothing to do with the matter.
Disgraced former Indian Premier League Chairman Lalit Modi took to social media to slam BCCI bigwigs Anurag Thakur and Rajiv Shukla for not implementing the Lodha Committee recommendations.
Subramanian Swamy, in his plea, has alleged that there are no allegations against either Narayanswami Srinivasan or against any members of CSK and hence the ban imposed by the Justice Rajendra Mal Lodha panel is "illegal, arbitrary and unreasonable".
BCCI's national selection panel is set to shrink in the wake of Supreme Court's order to implement the Lodha Committee reforms and both Gagan Khoda and Jatin Paranjpe will have to leave as they don't conform to the set norms.
The fierce litigious fight for little-known Birla Corporation marked the first major controversy for this storied and reserved business family.
The Income Tax Appellate Tribunal has accepted BCCI's submission that the latter's objective is the promotion of cricket and it enjoys the power of holding IPL for achieving its objective, reports Indivjal Dhasmana.
Former India captain Sourav Ganguly termed the suspension of Chennai Super Kings and Rajasthan Royals as bad news, but expressed hope that the Indian Premier League will be back on track soon.
Board of Control for Cricket in India president Anurag Thakur's affidavit, to be submitted in the Supreme Court, will be the focal point of discussions when the BCCI's affiliated units meet for a Special General Meeting (SGM) in New Delhi on Saturday to deliberate upon implementation of the Lodha Committee reforms.
The BCCI wants that the president and secretary be allowed to serve two consecutive terms
The Board of Control for Cricket in India (BCCI) is not doing any business and is discharging a public function which makes it subject to rule of law, the Supreme Court was told on Wednesday.
The match was over as a contest after Jharkhand scored a mammoth 880 in their first innings - the tournament's fourth highest score on an Eden Gardens belter against a Nagaland attack in which five out of seven bowlers were hit for a not-so-pleasing "hundred".
The Congress MLAs who have been appointed advisers are Jitendra Singh, Rajkumar Sharma and Danish Abrar. Independent legislators Babu Lal Nagar, Sanyam Lodha and Ramkesh Meena have also been appointed advisers to Gehlot, according to a list released by the Chief Minister's Office.
The selection committee meeting to pick the Indian team for the one-day series against England will go ahead on Friday despite the BCCI being hit by administrative crisis following the latest Supreme Court order. The BCCI announced that the selection panel headed by former India wicketkeeper MSK Prasad will gather in Mumbai on Friday to pick the Indian team for England series, comprising three ODIs and as many T20 Internationals, starting January 15. The selectors will also pick the India A squad for two warm-up matches against England to be held at CCI, Mumbai.
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.
The Board of Control for Cricket in India (BCCI) on Wednesday moved the Supreme Court seeking disbursal of an amount of approximately Rs 1.33 crores for the remaining two Tests between India and England to be held in Mumbai and Chennai. The apex court has decided to hear the plea at 3 p.m. today (Wednesday). The two Test matches of the ongoing five-match series are slated to be held at the Wankhede Stadium, Mumbai (December 8-12) and MA Chidambaram Stadium, Chennai (December 16-20).
According to a report in the Indian Express newspaper, the decision to call off the tour was taken following Justice L M Lodha committee's direction to banks to freeze the accounts of the BCCI.
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.
In a landmark judgement, the Supreme Court on Monday removed Board of Control for Cricket in India president Anurag Thakur, while secretary Ajay Shirke was also removed from his post.
'Sikkim, with a population of 1.6 million, now has a cricket association.' 'But the MCA representing Mumbai and Thane, despite a population of 15 million, has lost its separate identity.'
In the wake of the Supreme Court-appointed Justice RM Lodha committee's landmark verdict on the Indian Premier League spot-fixing case announced on Tuesday, Sundar Raman, the Chief Operating Officer of the IPL, has said that he is awaiting the investigating officer's report on the same.
A couple of days after convincing former India captain Rahul Dravid to take up the responsibility, the BCCI on Sunday issued advertisement for the post of head coach and three support staff as per Lodha Committee mandated constitution.
Right ahead of her first India tour, the Duchess of Cambridge Kate Middleton showed us how to dress diplomatically!
Vinod Rai, former Comptroller and Auditor General of India, former India women's captain Diana Edulji and banker Vikram Limaye were present at the meeting held at the IDFC Bank's premises in suburban Bandra-Kurla Complex.
Summing up the state of affairs in turmoil-hit BCCI, names of office-bearers have been wiped off the cricketing body's official website. While the names of the sacked BCCI president Anurag Thakur and Ajay Shrike were taken off bcci.tv on Tuesday, the website has removed the entire list of its office-bearers and various committees on Wednesday. A click on all important committees including the working and selection committee drew a blank.
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