Controversy's favourite child commended and condemned in equal measure, IPL chief Lalit Modi rose meteorically but his fall was no less spectacular as he was booted out of the very empire he created.
Beleaguered Indian Premier League chairman Lalit Modi made an emotional speech at the Twenty20 Leagues' inaugural awards function in which he thanked Board of Control for Cricket in India, among others, for making his seven-year-old dream come true.
Even as IPL franchise owners continue to face the heat from income tax authorities amid allegations of financial irregularities, netizens are making quick bucks after buying their favourite teams in the virtual world.
The battle for control of the Indian Premier League (IPL) is now headed for the courts. IPL chairman and commissioner Lalit Modi is likely to approach the Bombay High Court on Friday to prevent a meeting of the League's governing council scheduled for Monday.
A defiant Indian Premier League Commissioner Lalit Modi on Wednesday made it clear that he will not attend the April 26 IPL Governing Council meeting convened apparently to decide his fate, saying he considers it 'unauthorised'.
Lalit Modi's days as the IPL Commissioner appear to be numbered as the BCCI's top brass has more or less made up its mind to remove the high-flying administrator who has triggered a political storm and brought the BCCI under the Income Tax scanner.
The session of the 342-member Assembly commenced on Monday evening as the Paksitan People's Party-led coalition said it has drawn up an "unimpeachable" chargesheet listing allegations of misconduct, violation of Constitution and financial irregularities against Musharraf, who turned 65 on Monday.
Ending its uncomfortable journey in India after eight years, Malaysia-based AirAsia Group on Wednesday said it has exited AirAsia India by selling its remaining 16.67 per cent stake to Tata Group-owned Air India for Rs 155.64 crore. Later in the day, Air India said it has begun the process of creating a single low-cost carrier subsidiary by merging AirAsia India and Air India Express. A working group consisting AirAsia India CEO Sunil Bhaskaran and Air India Express CEO Aloke Singh has been formed for the two carriers' integration, which is expected to take approximately 12 months, it added.
As a fallout of the financial irregularities in Satyam Computer Services, a section of the United Progressive Alliance government is in favour of cancelling the award of the Hyderabad Metro Rail project. The project was won by the Nava Bharat-led consortium, in which Maytas Infra, a listed firm related to Satyam's promoters, is one of the partners.
On the last day of Satyam's stint in India's benchmark indices - the Bombay Stock Exchange Sensex and the National Stock Exchange S&P CNX Nifty - its shares turned out to be a punter's delight.
Kejriwal's apology spree began last month, with "sorries" to the BJP's Nitin Gadkari, the Congress's Kapil Sibal and the Akali Dal's Bikram Singh Majithia.
Under-fire from all quarters in the wake of Lalit Modi's alleged financial irregularities in the running of the Indian Premier League, the BCCI is planning to form a small sub-committee to run the Twenty20 league in future, according to sources.
The Board of Control for Cricket in India top brass is in no mood to consider embattled Indian Premier League commissioner Lalit Modi's plea to defer the Governing Council meeting by five days and made it clear that it will go ahead as per schedule.
IPL Commissioner Lalit Modi was questioned by IT and Enforcement Directorate officials on Thursday.
With all eyes on the Congress's next step in Rajasthan after Sachin Pilot's fast in Jaipur on Tuesday, AICC in-charge of state Sukhjinder Singh Randhawa on Wednesday said he agrees with the issue of corruption taken up by Pilot but the manner in which it was raised was not right.
Initially, she was summoned by the agency on Monday but it was deferred by a day.
He has not been issued fresh summons and it is understood that his questioning has ended, at least for now.
Nirmala Sitharaman said in Lok Sabha that in case of medical emergencies, marriages and other crisis situations, a depositor of the Maharashtra-based PMC Bank can withdraw up to Rs 1 lakh by invoking the 'hardship provisions' of the RBI.
The Delhi high court, on Tuesday, dismissed as "premature" the plea of former Indian cricketers Kirti Azad, Bishan Singh Bedi and others seeking a court-monitored probe by CBI or SIT into the alleged financial irregularities in the Delhi and District Cricket Association.
The five-member jury presided over by Group Captain Ganesh pronounced the verdict.
A special court in Mumbai has said that Shiv Sena MP Sanjay Raut dealt with some "unaccounted money" for purchasing plots at Kihim near Alibag in Raigad district, but the same cannot be "thrown in the stock of proceeds of crime (POC) under the provisions of the Prevention of Money Laundering Act (PMLA)".
"It was an emotional and touching moment for me to be welcomed by everyone. It was a grand reception for me and this was only possible because of the good relationship I shared with the members and the staff," Dungarpur said after being elected president of the 75-year-old institution.
Former Cricket Board President Raj Singh Dungarpur has been suspended from the Cricket Club of India for two years by the club's Executive Committee.
The Income Tax Department has detected "concealment of income" to the tune of Rs 17 crore after recent raids on institutions linked to former Maharashtra home minister Anil Deshmukh and his family members, official sources claimed on Monday.
Over 60 per cent voter turnout was recorded on Monday in 49 constituencies in six states and two Union territories in the fifth phase of Lok Sabha elections, with Baramulla in Jammu and Kashmir recording its highest-ever voting percentage.
Headmaster of an upper primary school in Kerala was on Saturday sentenced to one-year imprisonment by a lower court in connection with a case of burning the National Flag on Republic Day in 2005.
Chirag Daruwalla, who is following in the footsteps of his famed astrologer father, the late Bejan Daruwalla, makes his predictions for the New Year.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
Amid speculation over his whereabouts, B Ramalinga Raju, who stepped down as chairman of Satyam Computer after admitting to financial irregularities, is believed to have left for the United States in connection with a court case.
Reacting to the BCCI's claim, Jagmohan Dalmiya said that he still continues to be Cricket Association of Bengal president.
Lalit Modi transferred his 2,000 shares worth Rs 114,000,0 (as of Friday) in his name to son Ruchir Kumar Modi.
The regional manager of Maharashtra State Road Transport Corporation, Capt V V Ratnaparkhi, has been suspended for his alleged involvement in a recruitment scam, financial irregularities and misuse of official vehicles.
While extending the custody, the court noted that the ED has made 'remarkable progress' in the investigation.
Agrasain Gehlot has been asked to depose before the investigating officer on Wednesday in Delhi under the Prevention of Money Laundering Act, they said.
The trio for alleged involvement in various financial irregularities and administrative lapses
The Supreme Court on Friday stayed Delhi high court order directing Monopolies and Restrictive Trade Practices Commission to investigate allegations of financial irregularities by Star Plus television channel in its game show Kaun Banega Crorepati.
A two-judge bench asked Dalmiya to reply to the show cause notice by March 24.
Modi said Congress's 'politics begins and ends with one family'.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances