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Nine years ago, I was a part of the very first IPL auction. And it was a fascinating experience, given the enormously powerful and yet diverse forces in play at the table. Film stars, business moguls and powerful sports administrators, each with their own philosophy and bidding style. Seen many great decisions and some terrible mistakes. The six IPL auctions I attended at the table gave me some fascinating insights about this strange monster which is the IPL auction, which actually has no real parallel in sport. Here are a few. Nobody wins in an ego fight, except other teams: Every once in a while, two extremely powerful and successful individuals start bidding for the same player. And backing down is just not in their genes. At some point it stops becoming about the player and becomes a personal clash of wills and the money goes beyond control. The only people who really benefit are the other teams, as one of the two is going to hugely overpay for the player. Even the player does no...

Bank Strike: Which banks are open today and what services are affected Bank operations will be imapcted today as the public sector banks are on a one-day strike. Nine bank unions have called for a day-long protest to press for several demands including wage revision and accountability of top executives in view of mounting bad loans in the banking sector. Most of the public sector banks including State Bank of India, Punjab National Bank and Bank of Baroda have informed the customers that functioning of their branches will be affected. However, the services of private lenders like HDFC Bank, ICICI, Axis Bank, Kotak Mahindra Bank are expected to stay unaffected but may have slight delay in cheque clearances. The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the sector comprises of nine unions in the banking sector -- namely AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO. Bank employees and officers in all public sector banks, including SBI, all ...

Latest news Government to release first GDP growth estimates after demonetisation, here’s what to watch out forMalayalam actress opens up about assault, thanks everyone in inspiring postRamjas protest LIVE updates: D Raja, Sitaram Yechury join march against ABVPGurmehar Kaur faces rape threat, Minister Rijiju asks who’s polluting her mindChina to build first underwater platform in South China Sea Donald Trump got something from Xi Jinping on agreeing to One China policy: White HouseGovernment to release first GDP growth estimates after demonetisation, here’s what to watch out forMalayalam actress opens up about assault, thanks everyone in inspiring post PrevNext Stop Home BusinessCompanies Defence to be biggest business for Reliance Infra: Anil Ambani Defence to be biggest business for Reliance Infra: Anil Ambani Anil Ambani also said there is over Rs 70,000 crore worth of offset obligation which is yet to be executed, which is a big playing field for Indian private sector. 0 SHAR...

A senior BJP Minister in Maharashtra Tuesday said his party and Shiv Sena are natural allies who should put aside their differences and join hands once again to rule the Mumbai civic body, where elections threw a fractured mandate. Chandrakant Patil, who holds the PWD portfolio, also asserted there was no threat to the BJP-led Government in the State. “BJP and Shiv Sena are natural allies. That is why leaders of both the parties should not make any ‘amangal’ (unholy) alliance and continue their traditional alliance which has been there for the last 20-25 years (in Mumbai),” Patil said. Watch What Else Is Making News Ramjas College Ruckus: DU Students, AISA Members Attacked by ABVP Leaders, FIR Registered “It is obvious it will take some time to come out of the pre-poll and post-poll bickering between the two parties. Even in our homes, if we quarrel with our brother, it takes time to patch-up,” Patil said. “Therefore, there is no need for anyone (in Opposition) to rejoice (at Sena...