Ad Here  
He continues the focus on social amelioration Music happens CIPET hqrs to stay at Guindy – for the present? Editor's Says Online not in line with brick and mortar businesses... Build close rapport with business leaders A glass full of corruption Excel Generators provide the vital back-up S V Raju – a ‘good’ true liberal A rich pool of talent not utilised…. The brown list of Venkitaramanan No Maha Koottani in TN... Inflation: are we emulating Argentina and Brazil? Sweet news for TN sugar mills Contrarian cousins Towards speedy justice Come elections, come advertisements... Solar, solar everywhere … Lesson from Chandrababu Naidu IPL - no surprise this scam Diamond jubilee of Egmore Samskrt School Where a state respects its litterateurs… Focus on quality of power - its only around 170-180V MHC should not return to its old indisciplined ways The power-full Hindujas Tribute – UCAL Selvan… Fortune 500 review Tough task taking states together F C Kohli - his concerns all embracing Mu Sigma – is no more China invests in India Polls and promises The Swadeshi Trump Of course, Gujarat is vibrant More tributes to GR Medical costs hit the roof... When online building permits work…. He saved millions from starvation... All eyes on Sankara Nethralaya Haul over the coal Delhi Chalo... Noble nonagenarians... No engine for this car When nations steal growth from one another… Lalu’s envy, India’s pride Welcome focus on core competence A yen for wastage… Kulandai was a giant A professional at the helm of IRDA... …and of a popular trade leader TIAM turns a full cycle IAS invades NDDB... Like Hinduism: many paths to reach God... Boy, can you beat these? Whistle-Stop Tour of Raghuram Rajan Cleaning Ganga – relocate tanneries and install electric crematoria Vibrant Gujarat Fall in crude prices help in oil sector reform The few handicaps... Maximising the micro pricing … Bihar elections - the Rajaji formula worked A friendly business group Banning booze... The star of Spencers is no more Rs.1600 crore paper board plant of TNPL Infrastructure funding – lessons learnt Pharma – overdose of copying Tribute When the President was rendered homeless… S Ramanathan – a versatile musician, musicologist Streamlining mandatory third party cover The Ports’ Pasha expands into Tamil Nadu Where is Rajaji? Which side are you, Montek? Remembering Indira Sivasailam... Measuring roof tops in terms of KW/MW Kudos to NDTV... More Shakti to resource mobilisation... CII projects higher growth… R Sridhar steps down as CEO of Shriram Capital Should we change the official year? Air Asia India will set new benchmarks for budget travel Poor quality of university VCs ONGC at KG Basin Kinetic Karnataka Plummeting profits of PSBs Alexa – Talking Wikipedia Tribute – M V Murugappan Padma Bhushan for A Ramakrishna For whom the MIDS bell tolls? TN accounts for the largest recruits by the IT sector Paytm karo... The sea- saw battle continues... A Grand Finale for SN’s MS centenary at the US… When small is no larger beautiful.. Tatas moving out of urea production... Don’t seem to feel the pulse… GNS - 100: our first subscriber Wise Presidents 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 Fuel for thought Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Quality silica from Neyveli Discoms deserve better… An enemy’s enemy is a friend PPP mode for upgrading Corporation Hospitals Road development slows down Protest masters... Cutting the nose to spite the face Align crops to agro climate endowments… Five star activism stalls development activity The Gulf aviation boom Limit foreign borrowings to hi-tech, export potential projects... A Grand Finale for SN’s MS centenary at the US… Computation of GDP – conundrums continue Shaming of Tamils by Tamil farmers at Delhi Tribute – Manikam Ramaswami Convulsions in The Hindu More Shakthi to Das’ elbow L&T- the specialty of special purpose vehicles Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Moily’s bold thrust Liberal imports idling indigenous capacities Shale gas and its shallow future Solar thermal shines… IPL type auction for VCs? Recognition to role of NBFCs.... Not just in-laws (and outlaws); they’ve renowned academics at the helm! Make standards certification mandatory... Wanted: a second airport for Chennai Adharma of opposition politics Welcome GST TELANGANA at last…BUT Tatas moving out of urea production... Adapt Vajpayee dinner diplomacy Demise of a media baron... Multi-faceted Venkat Godspeed, Chief Minister JJ CRS, a jewel among managers, is no more. Shipping woes of Chennai companies Quality education through the PPP mode Sweeter prospects for sugar L&T: focus on infrastructure and more infrastructure… Marketing expert Balagopal is no more Poor representation for Kerala and TN in Cabinet When Ratan Tata visited SRM Things happen by accident and not by design... Revving up the manufacturing sector A more liberated TN… CSR and CMI: promise of another Srinivasan Ramanujan... Insurance companies bleeding, yet no decision on increasing FDI limit! WTO Meet: resolved to meet again Building loyalty through the stomach Muffled voices for merit… Sri Lanka votes for change Auto components surge… A think tank for Chennai Land reclamation from sea appears cheaper! Tax agriculture Rahman at CIC This scant respect for Law The ‘Ayyo-yes’ is no more Mersal magnified Russi Mody – a tribute TGS- The king storyteller The rise and fall of Annamalai University PC’s preference for professionals Welcome changes that testify to Jayalalithaa’s return to health Readers' Mail Gay abandon in pricing Valli, they are more marginalised Why land prices zoom in TN? Naidu will soon build a new Hyderabad Strengthen the base... Making ‘my Amaravati’... B H Kothari - a tribute Waning interest in public discussions… TN – agglomerate land holdings without alienating ownership No mega rail project for Tamil Nadu Modi and the lady EVM is tamper-proof A proud Madrasi Roaring Ro-Ro facility Intellectual of rare qualities Dr C Rangarajan returns to Chennai The Jan Dhan bonanza TN-leverage strength of BHEL, NLC... Shanti and Sadhana through Music An inexplicable neglect Why this malaise in medical education? Fortune for Indian Airlines The nuclear option Another Indian music maestro at the UN London, London Narayan The rise and rise of KCP Bihar – Nitish Kumar adopts the Lalu model Eternal support for capitalisation of PS banks Breaththrough in malaria control SoA @ 80 The ‘Jayanthi Tax.’ Parliament in paralysis... Engineering seats go abegging Nuclear power at the nucleus A welcome initiative by the judiciary Scientists urged to take up farmer-oriented research Reliance’s TV – 18 ready to launch Tamil News Channel Modi storms Silicon Valley Airlines in India: cost and space Return to king coal for urea... How Air-India loses customs... Permanent secretariat for TN GIM Naidu’s return augurs well for Seemandhra Revive development banks... Silver Years of Madras Musings Editor's Notes New IT products of Ramco in the pipeline… Odisha: spectacular win by Naveen Patnaik Small units prefers to remain small... The why of tax incentives Gas is the way forward Delhi returns to BJP Preserving for the future An informal presentation - analytical, forward locking... Secularism and anti-Hinduism Colour-Chem’s colourful KRVS EEC at the National Media Centre West Bengal: mindless malignancy GM Technology at last! Funding the un-funded The balancing act Delhi is distant Welcome thrust on trade in Modi’s foreign visits... More heat than light There was flood of milk. Reason: no milk commissioner! Tihar, Puzhal not different from Parappana Agrahara Telangana in top gear… For whom the bell tolls? When TN politicians can emulate Kerala's Put expensive assets created to use... Robber barons everywhere Delhi is distant… Cement prices continue to rise… A C Muthiah – his munificent bequeaths to science Increasing non co-operation of state leaders
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