Cricket in India has yet again attracted top dollar, this time for the Indian Premier League (IPL). In the process, BCCI has ensured that Mukesh Ambani will lock horns with Vijay Mallya while Shah Rukh Khan will face off against Preity Zinta as their teams take to the field.
The Reliance Industries chairman has acquired the Mumbai franchise in IPL for $111.9 million over a 10-year period while the flamboyant chairman of UB Group has won the Bengaluru franchise for $111.6 million. Both Mr Ambani and Mr Mallya had bid more than twice the floor price of $50 million per franchise set by the board. SRK’s Red Chillies Entertainment won the Kolkata franchise for $75 million.
The Board of Control for Cricket in India (BCCI) launched the Indian Premier League (IPL) on September 14, 2007. Based on the lines of the English Premier League (EPL) and the National Basketball League , the IPL is said to be the brainchild of BCCI vice-president Lalit Modi. The idea was first floated in 1996 but was shot down as the board felt it would go against the zonal system of domestic cricket. The project moved into top gear when the Zee group launched a rival Indian Cricket League on similar lines in April 2007.
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It's not just the Tata Group which has seen the enormous potential of the Rs 1 lakh-car market. Bajaj Auto has taken up the challenge of making India's cheapest car.
www.onlinebooks.com ---online books
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For the first time in history, the Digital Library of India is digitizing all the significant works of Mankind. Click Here to know More about DLI 
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The car is smaller than a Maruti 800, but has 21 per cent more volume or space inside than the 800. The dealer price of the car will be Rs 1 lakh, plus value-added tax (VAT) plus transport charges.[Photo][Photo]The car's dashboard features just a speedometer, fuel gauge, and oil light. The car does not have reclining seats or radio. The shock absorbers are basic. It will sport a 30-litre fuel tank and 4-speed manual gearshift. One of Nano's three versions will come with air conditioning, but will have no power steering. It will have front disk and rear drum brakes. The company claims mileage of 23 km per litre. The Nano, designed with a family in mind, has a roomy passenger compartment with generous leg space and head room. It can comfortably seat four persons. Four doors with high seating position make ingress and egress easy. Yet with a length of 3.1 metres, width of 1.5 metres and height of 1.6 metres, with adequate ground clearance, it can effortlessly manoeuvre on busy roads in cities as well as in rural areas.