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The Comptroller & Auditor General (CAG) on Friday slammed the Maharashtra government for losing nearly Rs.49.99 million (Rs.4.99 crore) in 2008 by not levying entertainment tax on the Indian Premier League (IPL) tourney.

Consumer products giant Videocon group is still in talks to own one of the Indian Premier League (IPL) franchisees, group chairman Venugopal Dhoot said in Chandigarh on Thursday.

The former president of the Board of Control for Cricket in India (BCCI), A.C. Muthiah, on Friday moved the Supreme Court challenging the norms that permit office bearers to hold franchises for Indian Premier League (IPL).

After a visit to the Mumbai offices of Indian Premier League (IPL), the tax administration proposes similar investigations in other cities as well to ascertain the source of funds of various franchises, officials in New Delhi said.

Corporate Affairs Minister Salman Khurshid on Monday ruled out suo-motu action by his ministry to probe alleged violations by the Indian Premier League (IPL) and its franchises and said it was for the regulators to take a call and ask for any action.

Finance Ministry Pranab Mukherjhee Monday said a thorough probe had been ordered on the source and uses of funds by the franchises of Indian Premier League (IPL) and that no one guilty of wrong-doing will be spared.