Ad Here  
More Shakti to resource mobilisation... ONGC at KG Basin Readers' Mail The sea- saw battle continues... The rise and fall of Annamalai University Which side are you, Montek? This scant respect for Law Recognition to role of NBFCs.... Where is Rajaji? Music happens No mega rail project for Tamil Nadu Fall in crude prices help in oil sector reform The star of Spencers is no more TIAM turns a full cycle Focus on quality of power - its only around 170-180V Cutting the nose to spite the face Godspeed, Chief Minister JJ The rise and rise of KCP The power-full Hindujas Waning interest in public discussions… For whom the MIDS bell tolls? Tribute – UCAL Selvan… Of course, Gujarat is vibrant Online not in line with brick and mortar businesses... An informal presentation - analytical, forward locking... Make standards certification mandatory... Telangana in top gear… TN accounts for the largest recruits by the IT sector Not just in-laws (and outlaws); they’ve renowned academics at the helm! Silver Years of Madras Musings Sweet news for TN sugar mills Road development slows down Naidu will soon build a new Hyderabad CIPET hqrs to stay at Guindy – for the present? Tatas moving out of urea production... Poor quality of university VCs Building loyalty through the stomach Return to king coal for urea... Like Hinduism: many paths to reach God... Delhi returns to BJP The Gulf aviation boom A welcome initiative by the judiciary Funding the un-funded GM Technology at last! Fortune 500 review There was flood of milk. Reason: no milk commissioner! Small units prefers to remain small... Revving up the manufacturing sector Come elections, come advertisements... Contrarian cousins Delhi Chalo... When Ratan Tata visited SRM When the President was rendered homeless… Dr C Rangarajan returns to Chennai Solar, solar everywhere … A think tank for Chennai Sweeter prospects for sugar Tax agriculture A Grand Finale for SN’s MS centenary at the US… Where a state respects its litterateurs… A rich pool of talent not utilised…. Paytm karo... Sri Lanka votes for change Bihar – Nitish Kumar adopts the Lalu model Measuring roof tops in terms of KW/MW Editor's Notes Cement prices continue to rise… When online building permits work…. WTO Meet: resolved to meet again The Jan Dhan bonanza Mu Sigma – is no more Permanent secretariat for TN GIM L&T: focus on infrastructure and more infrastructure… How Air-India loses customs... Banning booze... A friendly business group Remembering Indira Sivasailam... Intellectual of rare qualities Maximising the micro pricing … Put expensive assets created to use... …and of a popular trade leader The why of tax incentives For whom the bell tolls? More tributes to GR More heat than light Protest masters... IPL type auction for VCs? Don’t seem to feel the pulse… Liberal imports idling indigenous capacities A more liberated TN… Modi storms Silicon Valley Increasing non co-operation of state leaders Land reclamation from sea appears cheaper! Solar thermal shines… Tough task taking states together The ‘Jayanthi Tax.’ Mersal magnified Kinetic Karnataka All eyes on Sankara Nethralaya GNS - 100: our first subscriber Towards speedy justice The Ports’ Pasha expands into Tamil Nadu A glass full of corruption Wanted: a second airport for Chennai Gas is the way forward Boy, can you beat these? Alexa – Talking Wikipedia Quality education through the PPP mode Poor representation for Kerala and TN in Cabinet Insurance companies bleeding, yet no decision on increasing FDI limit! Modi and the lady An enemy’s enemy is a friend Welcome changes that testify to Jayalalithaa’s return to health West Bengal: mindless malignancy Computation of GDP – conundrums continue Shipping woes of Chennai companies Marketing expert Balagopal is no more Shaming of Tamils by Tamil farmers at Delhi Shale gas and its shallow future Rs.1600 crore paper board plant of TNPL to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Multi-faceted Venkat Haul over the coal L&T- the specialty of special purpose vehicles Wise Presidents Infrastructure funding – lessons learnt Breaththrough in malaria control When TN politicians can emulate Kerala's TN-leverage strength of BHEL, NLC... Quality silica from Neyveli Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai When nations steal growth from one another… Limit foreign borrowings to hi-tech, export potential projects... IPL - no surprise this scam Secularism and anti-Hinduism Five star activism stalls development activity Air Asia India will set new benchmarks for budget travel Nuclear power at the nucleus CRS, a jewel among managers, is no more. London, London Narayan CII projects higher growth… Another Indian music maestro at the UN Auto components surge… TGS- The king storyteller Lalu’s envy, India’s pride Airlines in India: cost and space Bihar elections - the Rajaji formula worked Kulandai was a giant Fortune for Indian Airlines Tribute – Manikam Ramaswami Excel Generators provide the vital back-up An inexplicable neglect A yen for wastage… Streamlining mandatory third party cover The ‘Ayyo-yes’ is no more TN – agglomerate land holdings without alienating ownership S V Raju – a ‘good’ true liberal Why this malaise in medical education? Adapt Vajpayee dinner diplomacy A professional at the helm of IRDA... Welcome GST F C Kohli - his concerns all embracing R Sridhar steps down as CEO of Shriram Capital Welcome thrust on trade in Modi’s foreign visits... Gay abandon in pricing Eternal support for capitalisation of PS banks Plummeting profits of PSBs When small is no larger beautiful.. The balancing act Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Valli, they are more marginalised MHC should not return to its old indisciplined ways PPP mode for upgrading Corporation Hospitals Parliament in paralysis... TELANGANA at last…BUT Revive development banks... He saved millions from starvation... The Swadeshi Trump Roaring Ro-Ro facility Scientists urged to take up farmer-oriented research Russi Mody – a tribute Tribute Noble nonagenarians... Shanti and Sadhana through Music Demise of a media baron... Naidu’s return augurs well for Seemandhra A Grand Finale for SN’s MS centenary at the US… PC’s preference for professionals S Ramanathan – a versatile musician, musicologist Tribute – M V Murugappan China invests in India Preserving for the future Things happen by accident and not by design... No Maha Koottani in TN... Cleaning Ganga – relocate tanneries and install electric crematoria SoA @ 80 Rahman at CIC Reliance’s TV – 18 ready to launch Tamil News Channel Why land prices zoom in TN? A proud Madrasi Odisha: spectacular win by Naveen Patnaik Fuel for thought Lesson from Chandrababu Naidu Pharma – overdose of copying EVM is tamper-proof EEC at the National Media Centre Build close rapport with business leaders Delhi is distant Moily’s bold thrust Discoms deserve better… More Shakthi to Das’ elbow Diamond jubilee of Egmore Samskrt School Convulsions in The Hindu Editor's Says A C Muthiah – his munificent bequeaths to science Strengthen the base... Padma Bhushan for A Ramakrishna Vibrant Gujarat Delhi is distant… The brown list of Venkitaramanan Robber barons everywhere Making ‘my Amaravati’... New IT products of Ramco in the pipeline… Inflation: are we emulating Argentina and Brazil? No engine for this car CSR and CMI: promise of another Srinivasan Ramanujan... B H Kothari - a tribute Tatas moving out of urea production... Should we change the official year? Welcome focus on core competence Medical costs hit the roof... Muffled voices for merit… The few handicaps... Polls and promises Engineering seats go abegging He continues the focus on social amelioration Adharma of opposition politics IAS invades NDDB... Tihar, Puzhal not different from Parappana Agrahara Kudos to NDTV... The nuclear option Align crops to agro climate endowments… Whistle-Stop Tour of Raghuram Rajan Colour-Chem’s colourful KRVS
IPL - no surprise this scam
“A BILLION betrayed for a few lakhs” is how the Times of India called it. The Hindu wrote, “Sreesanth puts IPL in a spot, fans in a fix.” That way, one needs to be neither shocked nor surprised. It was just waiting to happen.

The Indian Premier League (IPL) has been the most prolific revenue stream in recent years. It pulls crowds in the thousands on ticket prices that are astronomical. There are constant efforts at expanding the contours of entertainment: if in the earlier years it was a threesome cheerleaders of buxom, sexy dancers, today this includes dancers with local cultural flavours more fully clad. From the drinks served and the food offered to television ads, everything is expensive. With flourishing businessmen and superstars as team owners and with players bought through auctions, there is money all over the place.

In a system where players are bought on vastly varying prices, there is bound to be heartburn on the part of those at the lower rung. A few players at the top have been bought at million dollars, and those at the bottom paid just a few lakhs of rupees. Plus those bought at high prices may perform poorly compared to those at the bottom.

Purchases are made based on past performance and the stature of a player rather than his current capabilities. Like: Ricky Ponting bought for $400,000 by the Mukesh Ambani-owned Mumbai Indians. His record has been consistently poor despite the glamour of his opening the innings with the other celebrity Sachin Tendulkar. This most illustrious pair has been a disaster for MI in all the initial games featuring them. Mercifully, Ponting opted to sit on the bench and the Indian God of cricket still struggles to show consistency.

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236