Realty firm Unitech has sought about $150 million from Norway’s Telenor to sell its 32.7% stake in their telecom joint venture and end the bitter dispute between two partners, an executive with direct knowledge of the development told ET. Unitech is learnt to have made this proposal to the Company Law Board, after the quasi-judicial [...]

Bought Brendon McCullum – $900,000 to Kolkata Knight Riders (base price $400,000) Ravindra Jadeja – Maximum purse of $2 million bid by Chennai Super Kings and Deccan Chargers. It goes to a tiebreaker. Bought by Chennai Super Kings for an undisclosed amount (base price $100,000). Muttiah Muralitharan – $220,000 to Royal Challengers Bangalore (base price [...]

The Kochi Tuskers Kerala franchise has been issued a suspension notice for non-payment of a bank guarantee, PTI has reported. The decision was reportedly taken by the BCCI in its Annual General Meeting in Mumbai on Monday. The consortium, which was mired in a bitter ownership dispute after its very inception, defaulted on a Rs [...]

Telecom regulator Trai has asked leading telecom service providers, including Bharti Airtel, Vodafone and Idea, to justify their decision to hike mobile tariffs by up to 20%. Recently, companies like Bharti airtel, Idea Cellular, Vodafone and Reliance Communications raised tariffs for their services by about 20% in most operating circles. Most of the companies cited [...]

Sourav Ganguly, the former India captain, has been signed by Pune Warriors as a replacement for Ashish Nehra, who was ruled out for the remainder of the 2011 season with a finger injury. Ganguly\’s contract is for a period of one year and is an IPL lifeline to the batsman after he went unsold at [...]

Live on TV Matches will be telecast at 4 pm and 8 pm on Set Max New teams Two news franchises, Sahara Pune Warriors and Kochi Tuskers will join the existing eight teams in the fourth edition of the IPL. Lesser matches Compared to 94 matches played in the last three editions, this time there [...]

Sourav Ganguly\’s chances of playing in IPL 4 have hit a roadblock with three franchises — Royal Challengers Bangalore, Mumbai Indians and the Rajasthan Royals — objecting to Team Kochi\’s belated move to sign up the southpaw, who went unsold at the players\’ auction last month. Even though under IPL rules players who remain unsold [...]

Eleven days after the auctioneer brought down his hammer for the last time at IPL players\’ auction in Bangalore, a ray of hope has emerged for Sourav Ganguly, who was ignored by all the 10 franchises. The Kochi management, who clearly showed no aptitude for team composition and failed to net a single capped Indian [...]

Unsold: Tamim Iqbal, Chamara Kapugedera, Murali Kartik, Ajantha Mendis, Graeme Swann, James Anderson, Dilhara Fernando, Luke Wright, Matt Prior, Mark Boucher, Graeme Manou, Brian Lara, Herschelle Gibbs, Jesse Ryder, Sourav Ganguly and Chris Gayle. ———— Kolkata Knight Riders Total players purchased: 8 Total Amount spent: $7,575,000 Remaining Amount: $1,425,000 Gautam Gambhir for a record $2.4 [...]

Ten teams, 350 players, 74 matches, USD 9 million salary cap for each team: the Indian Premier League (IPL) is back as the franchisees finalise the list of players they want to bid for in the auction on January 8-9 at Bangalore. Moving onto the nitty-gritty of the auction, the eight previous franchises had an [...]