New Money in Indian Economy
The Indian big money pie has seen a great rise in the recent times. The most notable among them being IPL, Bollywood and Reality TV where the biggest of them all is the Bigg Boss. Much action has taken place in all these segments in the past few days. Let's have a round-up:IPL - Sun has set on the Deccan Chargers
As the Sun TV network buys out the Hyderabad team replacing the debt-loaded Deccan Chronicle Holdings Limited for 85.05 crores in fresh bids called by BCCI. This amount represents almost twice the amount paid by the last owners of the Hyderabad-based team which was brought by Deccan Chronicle Holdings Limited. A break-up of the tale that broke out on the Deccan Chargers has been provided below:- The Deccan Chargers team was terminated from IPL after it fails to provide requisite gurantee to BCCI
- Legal wrangling follows the termination. However, BCCI sees its own wishes through in Courts as the Courts rule in favour of termination.
- BCCI calls for fresh bids.
- BCCI is richer by double the amount it would have earned from Deccan Chronicle Holdings Limited.
