The relationship between Sahara Group and the Indian Cricket Board had turned from bad to worse in the past month but after a "couple of not so cordial telephonic conversation" between the owners of Pune Warriors and the board top brass that had telling effect.
Pune Warriors India will finally get to play at home this Indian Premier League as the Rs 260-crore international cricket stadium -- just 20kms from the city -- is set to be inaugurated in Pune, on Sunday.
Air Sahara has introduced new direct and connecting flights from Mumbai, Delhi and Lucknow to various destinations across India.
Ending weeks of speculation, the Board of Control for Cricket in India on Saturday indicated in clear terms that Pune Warriors, owned by the Sahara Group, will play all their IPL home games this season at Pune only.
Pune Warriors India are set to play their IPL home matches in Ahmedabad after deciding to move away from their original home city of Pune following a dispute with the Maharashtra Cricket Association.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
The apex court had also asked Sahara Group to provide it within two weeks the list of "unencumbered properties" which can be put for public auction to realise the remaining over Rs 14,000 crore
Stung by Sahara's pullout as sponsor of Indian cricket team and owner of IPL franchise Pune Warriors, the BCCI on Monday took a more re-conciliatory stand towards the aggrieved corporate giant, saying it was ready to sit across the table and sort out all the matters.
Leg-spinner Amit Mishra produced a stunning performance, taking four wickets in five deliveries, including a hat-trick, as Sunrisers Hyderabad pulled off an incredible 11-run victory over Pune Warriors in the Pepsi Indian Premier League, in Pune, on Wednesday.
Aaron Finch (64) struck a half century as Pune Warriors notched up their first win of the season with an easy seven-wicket victory over Rajasthan Royals in their Pepsi IPL match on Thursday.
The bench asked the official liquidator, attached with the Bombay high court, to auction Aamby Valley properties, estimated to be worth Rs 34,000 crore, and directly report to it
Federation of International Cricketers' Associations CEO Tim May has expressed concern over Sahara India's withdrawal of its franchise, Pune Warriors, from the Indian Premier League.
Owners of Pune-based Serum Institute of India, the Poonawalla's have thrown the hat to acquire the iconic Grosvenor Hotel in UK from Sahara Group.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
After selling land in Gurgaon for Rs 1,211 crore recently, the Sahara group is believed to have finalised two more realty deals, one in Mumbai and another in Jodhpur, for Rs 1,250 crore.
The permission came after the court was satisfied that the transactions were in accordance with its June 4 order.
Income Tax department raided office of the Sahara Group, owner of IPL's Pune team, at Aliganj in Lucknow on Thursday.
All-rounder Parveez Rasool on Tuesday became the first cricketer from Jammu and Kashmir to bag an Indian Premier League (IPL) contract, signing up with Pune Warriors for the 2013 season.
Australia captain Michael Clarke has been signed by Pune Warriors India for the forthcoming season of the Indian Premier League.
The Supreme Court on Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore (Rs 100 billion) for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
Having lost three successive matches, Pune Warriors will look to arrest the slide when they take on neighbours Mumbai Indians in an Indian Premier League match at the Subrata Roy Sahara Stadium on Thursday.
Buoyed by an upset win over Mumbai Indians in their tournament-opener, Pune Warriors will look to affirm their superiority over Kings XI Punjab when the two teams lock horns in the fifth edition of the Indian Premier League at the newly-constructed Subrata Roy Sahara Stadium in Pune on Sunday.
Images from the Indian Premier League match between Pune Warriors India and Chennai Super Kings on Tuesday.
Debutants Pune Warriors commenced their Indian Premier League campaign with a resounding seven-wicket victory over Kings XI Punjab at their home venue -- the D Y Patil Stadium in Navi Mumbai -- on Sunday.
A whopping Rs 9.66 crore bid for Robin Uthappa was one of the surprises of Saturday's Indian Premier League players' auction but his buyer Pune Sahara Warriors justified the spending saying the stumper-batsman is worth the huge amount.
Images from the Indian Premier League match between Pune Warriors and Royal Challengers Bangalore, on Thursday.
Pune and Kochi are the two teams for the forthcoming editions of the Indian Premier League, commissioner Lalit Modi announced in Chennai, on Sunday. Sahara successfully won the Pune franchise after they bid the highest amount of US $370 million, while the Kochi team was won by a consortium Rendezvous Sports for a whopping amount of $333 million.
Star India Pvt. Ltd. was awarded the team sponsorship rights of the Indian team on Monday for a period of three years after Sahara's bid was declared ineligible by the BCCI in Chennai.
Australian all-rounder Steven Smith has replaced compatriot Mitchell Marsh in the Pune Warriors India squad for IPL-5, which kicks off on April 4.
Mumbai Indians inched closer to earning a play-off berth as they rode on a disciplined bowling performance to eke out a five-wicket win over Pune Warriors in a Pepsi Indian Premier League (IPL) match on Saturday.
Looking to raise funds to ensure release of its chief Subrata Roy from jail, Sahara has sold a big land parcel at the outskirts of the national capital for Rs 1,211 crore to Gurgaon-based developer M3M India Ltd.
The troubles regarding Indian Premier League doesn't seem to end as Sahara Pune Warriors failed to pay the full franchise fee for the current year which resulted in BCCI encashing the bank guarantee casting a shadow on its future in the cash-rich league in coming years.
Former South African paceman Allan Donald, who was recently appointed as bowling coach of the Pune Warriors, said it will be a 'pity' if the reconciliation efforts between the BCCI and his IPL side fail.
I did not take up research for any award.' 'What is more important is the medicine that I have developed.' 'This helps the patient recover and the family is happy that their relative has survived and they go back to their lives.
BCCI is pleased to have sorted out all the issues with the Sahara Group but insisted that they have not bent rules and the matter has been resolved within the framework of rules and regulations.
With the brand that IPL has become, there is considerable interest from corporate India for investing in the biggest T20 competition in the world.
The liquidator said the properties are being sold under two distinct phases over a period of two days
Five of these have wound up since, according to records of the Ministry of Corporate Affairs
Former India skipper Sunil Gavaskar feels BCCI could have postponed the Players' Auction for the 5th edition of Indian Premier League after they came to know about Sahara India's decision to snap its sponsorship contract with Team India and also pull out of the IPL.
Actress Priyanka Chopra, Bipasha Basu, Neha Dhupia, Sameera Reddy perform at the event.
