New IPL teams: RPSG Group claims Lucknow for Rs 7,090-cr; CVC Capital gets Ahmedabad

News Network
October 25, 2021

New Delhi, Oct 25: Kolkata-based business tycoon Sanjiv Goenka's RPSG Group claimed the Lucknow franchise for a whopping Rs 7,090 crore while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5,600 crore offer as the eagerly-awaited two new IPL teams were unveiled in Dubai on Monday, PTI reported.

The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.

"Yes, RPSG had the highest bid of INR 7090 crore while CVC had the second highest bid at Rs 5600 crore. The BCCI stand to earn around $1.7 billion from the deal," a senior BCCI source present in Dubai told PTI on conditions of anonymity.

IPL will be a 10-team league from 2022. The two cities were favourites in terms of stadium capacity as Narendra Modi Stadium in Motera has more than 100,000 capacity while the Ekana Stadium in Lucknow has 70,000 capacity. The other cities in the hunt are Indore, Guwahati, Cuttack, Dharamsala and Pune.

"For BCCI and the cricket world, the addition of two new IPL teams -- Lucknow and Ahmedabad -- is a great value addition. It is a great achievement for us. UP got its first team & Ahmedabad also got a team, they've the best stadiums," said BCCI Vice-President Rajeev Shukla.

"We're extremely happy that Indian cricket is growing forward. That is what is important for us. We look at Indian cricket and that's what our job is. The more Indian cricket prosperous, the better it is," said BCCI President Sourav Ganguly on the addition of two new IPL teams

The mega auction for the 15th edition of the Indian Premier League, IPL 2022, will be held later this year in December.

22 companies had picked up tender document worth Rs 10 lakh but with base price for new teams pegged at Rs 2,000 crore, there were expected to be only five to six serious bidders in fray.

The BCCI had also allowed a consortium of up to three companies/individuals to bid for a franchise.

However, in case of an individual or company, that particular entity's annual turnover should be minimum Rs 3,000 crore and in case of consortium, each of the three entities should have an annual turnover of Rs 2,500 crore.

Goenka owned the Pune Franchise Rising Pune Supergiants (RPS) for two years and is also the owner of ISL franchise ATK Mohun Bagan.

There has been buzz that Lancer group, which is owned by Manchester United owner Avram Glazer, has also picked up the bid document. Gautam Adani and his Adani Group were also expected to bid for the Ahmedabad franchise.

The other notable companies which are in fray comprise Kotak group, pharmaceutical majors Aurobindo Pharma and Torrent group.

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News Network
November 26,2021

New Delhi, Nov 26: The Centre will resume regular international flights from December 15, barring 14 countries, people familiar with the development said on Friday. 

The countries which do not feature on the list are the UK, France, Germany, Netherlands, Finland, South Africa, Brazil, Bangladesh, Botswana, China, Mauritius, New Zealand, Zimbabwe and Singapore, sources said. 

The decision has been taken in consultation with the health ministry in light of the Covid situation across the world, especially the emergence of new variants. On Thursday, South Africa confirmed a new variant of Coronavirus which is believed to be more transmissible and vaccine-evasive. 

The variant has been reported in Botswana and Hong Kong as well apart from South Africa. India is not resuming regular international flight operations with Botswana and South Africa.

With some of the countries on the list India has a travel bubble that permits a certain number of flights a week, which will continue, officials explained.

Regular international flights operations were suspended in March 2020 owing to the Coronavirus pandemic. The civil aviation ministry started Vande Bharat flights to ferry Indians who got stuck in other countries during the pandemic. After the Vande Bharat flights, the ministry entered into air bubble agreements with some countries allowing international travel.

With the number of Covid cases steadily going down and the vaccine coverage in the country going up, the Centre was mulling easing restrictions regarding international travel. Two days ago, civil aviation secretary Rajiv Bansal said the ministry is working towards allowing international passenger flights from this year-end.

Civil aviation minister Jyotiraditya Scindia too recently expressed the ministry's keenness to resume normal international travel operations. “We are evaluating the process. We are coming back to normalcy. First, we allowed 100% passenger capacity in our domestic flights and now we allowed in-flight meals in those flights," Scindia said at an industry summit.

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News Network
November 27,2021

Bengaluru, Nov 27: Taluk panchayat and Zilla panchayat polls are likely to be held in Karnataka in February 2022 as the committee formed for delimitation of panchayat constituencies is expected to submit its report in January, according to Rural Development & Panchayat Raj Minister K S Eshwarappa.

Speaking to media persons in Davangere on Saturday, he said, the Congress party has fielded people who have no link with the party as its nominee in the legislative council polls. "It has given tickets to people in many constituencies only because they have money. This is harmful to democracy."

He said, "JD(S) leader H D Kumaraswamy stated that the party would take a call on supporting the party in constituencies where JD(S) has not fielded candidates a few days before the polls.

"I expect JD(S) to back BJP in such constituencies as Congress is the major political rival for it in Karnataka." 

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News Network
November 30,2021

Allahabad, Nov 30: Sharjeel Imam's speech at the Aligarh Muslim University neither gave the call for anyone to bear arms nor incited any violence as a result of it, the Allahabad High Court has said granting him bail in a sedition case.

Justice Saumitra Dayal Singh granted bail on Saturday to Imam who was booked under sections 124A, 153A, 153B and 505(2) of the IPC at Civil Lines Police Station in Aligarh district of Uttar Pradesh.

"Having heard learned counsel for the parties and having perused the record, without referring to the exact allegation made against the applicant, it may be noted that on an undisputed basis neither the applicant called anyone to bear arms nor any violence was incited as a result of the speech delivered by the applicant," the judge said in the bail order.

"In view of the above, without expressing any opinion on the final merits of the case, let the applicant involved in the aforesaid crime be released on bail on his furnishing a personal bond of Rs 50,000 with two sureties of the like amount to the satisfaction of the court concerned," the judge said.

Imam was arrested on the false charge of making inflammatory speech at the Aligarh Muslim University (AMU) during the protests against the Citizenship (Amendment) Act.

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