Top news of the day

4. Deccan Chargers removal costs BCCI Rs 4,800 cr
  • The termination of Deccan Chargers (DC), one of the initial eight teams of the IPL, is likely to cost the BCCI Rs 4,800 crore after the court-appointed arbitrator passed an award in favour of the erstwhile owner of franchise, Deccan Chronicle Holdings Limited (DCHL). It’s been a long-drawn dispute since the Hyderabad-based media group had challenged the ‘alleged illegal termination' of an IPL team franchisee by the BCCI.
  • The board had announced termination of DC on Sept. 15, 2012, after DHCL had failed to furnish a bank guarantee of Rs 100 crore from a nationalised bank to the BCCI in 2012, following which the board issued a showcause notice to the company. The company had 30 days to rectify the deficiency. However, a day before the notice period was supposed to end the franchise was cancelled following an emergency meeting of the league’s governing council.
  • Terming this termination as illegal the Hyderabad based company had moved Bombay High Court against the termination. However a new tender was floated by BCCI for the Hyderabad franchise and was awarded to the Kalanithi Maran-owned Sun TV Network. The name was subsequently changed to 'The Sunrisers'.
  • Eight years back, the high court had appointed retired justice CK Thakkar as a sole arbitrator. And on Friday, DCHL won the arbitration against the board. The dues including interest have to paid by September 2020.
  • DCHL had acquired the rights of Hyderabad franchise for $107 million in 2008 for a period of 10 years. The team played for five seasons, winning the 2009 edition of IPL played in South Africa.
  • DC was the second team to be terminated from the IPL after Kochi Tuskers Kerala. Earlier in 2017, a similar arbitration case was won by the owners of now terminated Kochi Tuskers Kerala, wherein the BCCI was asked to pay Rs 850 crore. The matter is still pending.

5. Which billionaire’s first enterprise was Microcomp, selling teledigital calculators?
  • Clue 1: The 74-year-old was born in Moolaipozhi Village in Tamil Nadu.
  • Clue 2: Nicknamed by friends as ‘Magus’ (Old Persian for ‘Wizard’), he was awarded the Padma Bhuhan in 2008.
  • Clue 3: According to the Bloomberg Billionaires Index, he’s the third-richest Indian after Mukesh Ambani and Azim Premji, with a networth of $15.5 billion.

9. The world’s first-ever 3-team cricket match!
Cricket South Africa marks its return to training-and-play with an experimental format, in collaboration with the company 3TeamCricket. The Solidarity Cup will feature three teams of eight players playing against each other in the same match today at the SuperSport Park in Centurion. And here’s how it’ll work: 

  • The match will be played over 36 overs in two halves of 18 overs.
  • In the first half, each team faces 6 overs from one of their opponents. In the second, each team resumes batting, facing another 6 overs, but this time from their other opponents.
  • A draw will be conducted to ascertain which team will bat, bowl or sit in the dug-out in the first half. In the second half, the team that finished with the most number of runs in the first half, will bat first. In the case of a tie, the order of the first half will be reversed.
  • In the second half, teams bat in order of the highest scores in the first half. If scores are tied, the order is reversed.

Still with us?

  • After the fall of the 7th wicket, the last batsman stands alone. However, he can only score in even numbers.
  • If a team loses all of its wickets in the first half, it forfeits its remaining overs in that half with the last not-out batter to resume the innings in the second half.
  • Each bowling team has the use of one new ball for their full 12 overs.
  • A maximum of three overs per bowler is allowed, in any permutation. An incomplete over due to the fall of the seventh wicket is deemed to be completed with dot balls.
  • Most runs wins gold, second wins silver, and third bronze.
  • If teams are tied for most runs, Super Overs will decide gold; if all three teams tie, all get gold.
  • Answer To NEWS IN CLUES
    Untitled (3)

    Shiv Nadar. The HCL Technologies co-founder has stepped down from the position of chairman of the board of directors. His daughter Roshni Nadar Malhotra, who held the position of a non-executive director, will succeed him with immediate effect. She also becomes the first woman to head a listed Indian IT company and will continue as CEO of HCL Corporation, the holding company for all the group entities. Nadar will continue to be the managing director of the company with his designation as the chief strategy officer. 

    Times of india headlines

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