1983 World Cup Winners Kapil Dev & Co.

Real facts about Inflation

t's interesting to put a context to numbers, news headlines and indeed, data in general.

Did you know: Onions + Potatoes < Chicken

In the Wholesale Price Index, which is our only real measure for Inflation at this point, each item is "weighted" to resemble what India might spend. Every item gets a weight which reflects the importance of the price movement of that item, and the weights add up to 100.

Onions, our pet headline, have gone up substantially, which hurts a heck of a lot, you think. But let's look at the weights of Onion compared to, say, other things in the general "Food" area.

(Data: Office of the Economic Adviser)

Effectively, we weigh Onions very low — lower than Potatoes, Eggs, Ghee, Rice and everything else on this graph.  Potatoes and Onions together are no match for Chicken in the WPI. Chawal and Atta are what make us tick, you might think, but it's the cows that block your highway that are far more important —  Milk is bigger than Rice and Wheat combined. Did you know?

Or, perhaps, it wasn't the onion's weightage; perhaps it was the fact that the prices moved So much, that even someone at the RBI mentioned it in their press conference yesterday. But that seems to be a media creation, because the data shows we need to be worried about other things. Here's the Year on Year price increase in different commodities between December 2009 and December 2010, appropriately multiplied by the WPI change.

(Data: Office of the Economic Adviser)

We should be worried about those cows, really. Look at what Milk has done! And I sympathize with SUVs, and People who buy cotton shirts and yes, those Chicken Do Pyaaza eaters.

Did you know: Apple's Cash Hoard can buy any Indian Company, save one.

Recently Apple declared its results in the US, and highlighted in them was the small point that they have cash reserves of $59.6 billion. That, if converted to Indian Rupees at Rs. 45 per dollar, gives them enough money to buy, uhm, nearly any listed Indian company.

(Data: NSE, Apple Data releases)

Note: That is just the cash they have; not their own market cap, which is considerably higher. (Apple has no debt) Also note that this is just a theoretical discussion — there is no way that Apple will actually buy any of these companies because it would a) drive up the price beyond their reach, b) change the dollar-rupee equation and c) are you kidding me.

But it provides a context. Financial superpower-dom is at least a while away.

Did you know: It's all in the Options.

Markets have been really active recently, and more and more Indians are buying stocks every day. Or so we think when they show us figures like Rs 140,000 crores traded every day" and so on. But on a closer look, the trading volumes are slightly skewed.

(Data: NSE)

Compared to 2007, Cash and Index Futures turnover are largely the same; Stock futures have taken a bit of a beating (even though a lot more securities exist today) and the big gainer has been Index Options. But that isn't really turnover. Let me explain.

When you buy an option, you pay just the premium — you might pay Rs. 50 to buy a 6,000 Call Option on the Nifty; i.e. you can buy Nifty at 6,000 even if it went to 6,500 — and make the difference. What is recorded as turnover isn't the Rs. 50 — it's the 6,000. And a number of options are bought and sold deep-out-of-the-money — that is, options very far away from the current price. So even if the premium exchanged was Rs. 100 crores, the turnover might show 10,000 crores. Notional values inflate turnover figures substantially.

A good portion of these turnover figures are inflated anyway. A number of intraday traders are given 4x to 10x leverage, even in the cash market, by brokers to do two-way transactions within the trading day; that is, they put up 10,000 rupees and they can buy and sell stocks worth 100,000 rupees, if they square off the transaction within the trading day. This obviously adds to turnover as well, but it is more tangible than options turnover.

Last World cup for Tendulkar, Ponting and Muralidharan

This Is the last World Cup for these three legend Cricketers, so all the best to you Guys

IBM's bonanza for its Indian employees

New Delhi, Jan 31 (PTI) Technology giant IBM today said it will give USD 1,000 worth of shares to its over one lakh employees in India as part of its centennial celebrations.

IBM, which will celebrate a hundred years of existence on June 16 this year, will give each of its employees globally a USD 1,000 stock bonus.

"IBM employees globally, except those at the executive level, will receive USD 1,000 in stock bonuses," an IBM India spokesperson said.

He, however, declined to comment on IBM''s India headcount, since the company does not disclose country-level employee numbers.

However, industry analysts peg the strength of the company''s India-based workforce at over one lakh. IBM has four lakh employees globally.

"The company is still working on the eligibility criteria for the bonus. However, one of the criteria is that the person has to be an employee (full-timers and part-timers included) of IBM or its wholly-owned subsidiaries before December 31, 2010," he said.

Eligible IBM employees will be offered ''restrictive stock units'' (RSU), under which the employee will be promised returns on the stocks awarded without actually owning them.

This means that at a stock value of USD 159 (on January 28), the USD 1,000 stock bonus will translate into 6-7 stock units.

Also, since these stock incentives will not vest until 2015, anybody quitting the company before June 16, 2015, will no longer be eligible to receive shares.

IBM reported revenues of about USD 100 billion and record free cash flow of USD 16.3 billion in 2010.

Useful Helpline Sites for Tri VAlley University Students

indianembassy.org

minca@indiagov.org

edu@indiacgny.org

Friends, If you want know any information just go through this sites i hope this sites may helpful to you

Thank you

Sensex: Bad Run Continues

 Investors have lost a whopping amount of nearly Rs 11,00,000 crore in the stock market in less than three months since Diwali last year, with over Rs 3 lakh crore being wiped out in the past three days alone.

The stock market today plunged to its lowest level in nearly five months after three consecutive days of fall -- a period during which the benchmark Sensex plummetted by about 755 points, including a 288-point dip witnessed today.

Total investor wealth, measured in terms of cumulative market value of all listed stocks, today itself fell by over Rs 1,32,000 crore -- taking the loss for past three days to over Rs 3,00,000 crore amid macro-economic concerns emanating from inflationary and governance deficit related factors.

Mobile tariffs may go upward in coming Days?

In a major shift in policy that may make mobile telecom services costly, Telecom Minister Kapil Sibal today said henceforth all operators would have to pay market price for initial as well additional spectrum.

Delinking spectrum from the licences in the aftermath of the 2G scam, Sibal said, "In future, the spectrum will not be bundled with licence. The licence to be issued to telecom operators will be in the nature of ''Unified Licence'' and the licence holder will be free to offer any of the multifarious telecom services.

Apple Ipods now Available India

Apple is finally launching its much-awaited tablet iPad in India. The company has tied up with government-run Bharat Sanchar Nigam Limited to launch the tablet in the country.

The Wi-Fi version of the iPad will be priced between Rs 26,000 and Rs 33,000,  while the 3G+Wi-Fi version will be priced between Rs 33,000 and Rs 44,000. Both versions will come in three capacities, 16GB, 32GB and 64GB.

General keyboard shortcuts

General keyboard shortcuts

• CTRL+C (Copy)
• CTRL+X (Cut)
• CTRL+V (Paste)
• CTRL+Z (Undo)
• DELETE (Delete)
• SHIFT+DELETE (Delete the selected item permanently without placing the item in the Recycle Bin)
• CTRL while dragging an item (Copy the selected item)
• CTRL+SHIFT while dragging an item (Create a shortcut to the selected item)
• F2 key (Rename the selected item)
• CTRL+RIGHT ARROW (Move the insertion point to the beginning of the next word)
• CTRL+LEFT ARROW (Move the insertion point to the beginning of the previous word)
• CTRL+DOWN ARROW (Move the insertion point to the beginning of the next paragraph)
• CTRL+UP ARROW (Move the insertion point to the beginning of the previous paragraph)
• CTRL+SHIFT with any of the arrow keys (Highlight a block of text)
• SHIFT with any of the arrow keys (Select more than one item in a window or on the desktop, or select text in a document)
• CTRL+A (Select all)
• F3 key (Search for a file or a folder)
• ALT+ENTER (View the properties for the selected item)
• ALT+F4 (Close the active item, or quit the active program)
• ALT+ENTER (Display the properties of the selected object)
• ALT+SPACEBAR (Open the shortcut menu for the active window)
• CTRL+F4 (Close the active document in programs that enable you to have multiple documents open simultaneously)
• ALT+TAB (Switch between the open items)
• ALT+ESC (Cycle through items in the order that they had been opened)
• F6 key (Cycle through the screen elements in a window or on the desktop)
• F4 key (Display the Address bar list in My Computer or Windows Explorer)
• SHIFT+F10 (Display the shortcut menu for the selected item)
• ALT+SPACEBAR (Display the System menu for the active window)
• CTRL+ESC (Display the Start menu)
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• F10 key (Activate the menu bar in the active program)
• RIGHT ARROW (Open the next menu to the right, or open a submenu)
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• F5 key (Update the active window)
• BACKSPACE (View the folder one level up in My Computer or Windows Explorer)
• ESC (Cancel the current task)
• SHIFT when you insert a CD-ROM into the CD-ROM drive (Prevent the CD-ROM from automatically playing)
• CTRL+SHIFT+ESC (Open Task Manager)

Boost your metabolism with Yoga

Partner yoga is a great way to get creative and enjoy practicing yoga. It allows you to connect with your partner-physically and mentally. You can workout together with you spouse, friend or anyone else. What is great about working with a partner is that you can do the same pose at the same time, intertwine a pose to create a new pose or just support each other during a routine.

Partner yoga also helps increase your strength because it allows you to use your partner's weight to increase resistance. It also helps you with proper alignment, balance and concentration. Besides, it great fun.

1. Chakrasana

Lie on your backs, bend your knees and place the feet flat on the floor. Press the feet into the floor for support, inhale and lift the hips up, rolling the spine off the floor. Place the palms underneath the shoulders and press and straighten the arms to lift the shoulders and head off the floor. Hold the position for 30 seconds.

Benefits: This asana strengthens and tones the muscles of the abdominal region and helps regulate the digestive function. It also acts as a natural stimulant for the thyroid and pituitary glands.

2. Sarvangasana

Lie on the mat and raise your hips and legs to a 90 degree angle. Make sure only your upper backs are in contact with the mat and hold hands for balance. Your legs should act as support for one another. Now, one of you can bend your knees to further stretch the hamstrings and support the other better.

Benefits: This asana helps you in cure ailments related to bronchitis, asthma, heavy breathing and shortness in breath. It also aids digestion.

3. Ekpadhalasana

Lie in a supine position on the mat. Hold hands for balance and raise your legs to a 90 degree angle. Make sure only your upper backs are in contact with the mat. Now that you legs are up, slowly bring your opposite towards the floor. Hold that position for 10 seconds, return to the starting position and repeat with the other leg.

Benefits: The Ekpadhalasana variation tones and strengthens your leg muscles, improves sense of balance and helps sharpen.

4. Matsyasana

Lie down in a supine position on the floor, keeping your forearms in place and puffing up your chest. Drop the crown of your head back to the floor to open your throat. Hold the position for 20 seconds. To come out, press into your forearms and raise your head off the mat.

Benefits: This asana is excellent for strengthening your lower back muscles, abdominal muscles and boosting the respiratory and digestive systems.

5. Bhujangasana

Place two mats on the floor and lie down in a prone position. Place your hands on the sides, just next to your chest, with your palms firmly pressed on the floor. Using your hands for support, slowly lift your torso off the ground and looking up to the ceiling. Feel the stretch in your back. Hold the position for 30 seconds.

Benefits: This move stretches the muscles in the shoulders, chest and the abdominal area. It also firms up and tones the buttocks while stimulating the organs in the abdomen.

Expressions from Republic Day

Addl Collector burnt alive by mafia in Maharashtra

Mumbai, Jan 25 (PTI) An additional district collector was today burnt alive allegedly by petrol and diesel mafia at Manmad in Maharashtra''s Nashik district, police said.

Additional District Collector Yashwant Sonawane was accompanied by his personal assistant and driver when the shocking incident took place at a roadside Dhaba near Manmad town, about 260 KM from here.

"Preliminary reports say Sonawane had gone there to conduct a raid on petrol and diesel mafia. There some people, believed to be associated with the mafia, who set him on fire causing his death," Additional Director General (Law & Order) K P Rahuvanshi told PTI.

Another report said Sonawane had stopped at a roadside hotel on way to a certain place to oversee security arrangements for an event when he found people adulterating fuel.

Sonawane objected to it, leading to a scuffle during which he was set ablaze resulting in his death.

HAPPY REPUBLIC DAY

Padma Awards Announced By the Central Govt

The President of India has approved the conferment of PadmaAwards-2010. This year the President has approved 128 awards including one duo case (counted as one) and 12 in the category of Foreigners/ NRIs/ PIOs/ Posthumous. These comprise 13 Padma Vibhushan, 31 Padma Bhushan and 84Padma Shri Awards. There are 31 ladies among the awardees.

Padma Vibhushan:  from Andhra Pradesh

Shri A Nageshwara Rao                              Art- Cinema                    

Shri Palle Rama Rao                                     Science and Engineering        

Padma Bhushan:  from Andhra Pradesh

Dr. K. Anji Reddy                                            Trade and Industry- Pharmacy     

Dr. Gunapati Venkata Krishna Reddy               Trade and Industry      

Padma Shri :  from Andhra Pradesh

Shri Gajam Govardhana                                    Art - Handloom Weaving          

Prof.(Dr.) E.A. Siddiq                              Science and Engineering - Agricultural Science

Shri Narayan Singh Bhati                                 Civil Services

Shri Vangipurapu Venkata Sai Laxman            Sports - Cricket

Shri Gagan Narang                                          Sports - Shooting

Prof. (Dr.) Pullella Srirama Chandrudu             Literature and Education- Sanskrit

Prof. Koneru Ramakrishna Rao                       Literature and Education

Hmmmm…….Special case is that:

Our S.P.Balu is nominated by Tamilnadu Government..and he got

Padma Bhushan :

Dr. S.P.Balasubrahmanyam         Art - Playback Singing, Music Direction & acting 

 Congrats to all the respectable professionals.

Interpol's most wanted Indians

Between January 2008 and September 15, 2010, Interpol issued Red Corner notices for 338 Indian nationals. A Red Corner notice allows a warrant issued by a national authority to be circulated worldwide, with the request that the wanted person be arrested with a view to extradition. Earlier, Interpol had issued 495 Red Corner notices against Indians worldwide between 2001 and 2007.

Interpol, the world's largest international police organisation, has 188 member nations. It facilitates cross-border police cooperation. Interpol statistics put India in the big league of crime-exporting nations. Out of a list of 7,858 wanted persons, 369 are Indians. That is a higher number than notices issued to persons from the United States (321), China (216), Pakistan (160), the UK (58), Canada (98), Australia (24), Saudi Arabia (27) and Japan (13).

According to the Central Bureau of Investigation (CBI), the "probable reason" for the high number of wanted criminals of Indian origin "could be that most of these subjects are expatriates and living in other countries temporarily for employment purposes".

The list of countries where most of these Indian nationals have committed crimes includes the United Arab Emirates, Oman, Qatar, Saudi Arabia, Canada and the United States.

INDIA TODAY petitioned the CBI under the Right to Information Act (RTI) for details on the most recent Red Corner notices. According to the CBI reply, of the 338 Red Corner notices issued between 2008 and 2010, only 86 were for crimes committed in India. That means only 25 per cent of the total Red Corner notices against Indians originate because of a crime in their home country. In other words, three-fourths of the crimes committed by Indians that led to Red Corner notices against them, were abroad.

The Red Corner notices against Indian nationals are issued by the General Secretariat of Interpol, Lyon, France, on the recommendation of the CBI, which also acts as the National Central Bureau (NCB) for Interpol.

"Our Interpol wing furnishes the details of all Red Corner notices to the Bureau of Immigration-under the Ministry of Home Affairs-for issuing Look Out Circulars (LoC) against such persons," says a senior CBI official. "The LoCs issued by the Bureau of Immigration are circulated to all immigration checkpoints/border posts in India."

While the premier investigating agency has information about 11 such wanted persons who were arrested in India, it does not have any information about criminals who may have been arrested abroad. Says CBI Deputy Inspector General Anurag, "No such database on the arrest of criminals of Indian origin worldwide is available. However, 11 criminals were arrested during 2010, all of whom were wanted in India and against whom Red Corner notices were issued."

Dawood Ibrahim, arguably one of India's most wanted men and the reason for much friction with Pakistan, has been the subject of a Red Corner notice for long. He is also the subject of another notice called the Interpol-United Nations Security Council Notice, issued to "individuals associated with Al Qaeda and the Taliban, as listed by the UNSC." There are many more Indians to give him company in the red corner.

Legalities stop us from disclosing black money info: Pranab

New Delhi, Jan 25 (PTI) Unfazed by opposition attacks and questions from Supreme Court, Government today maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

Finance Minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government''s fall.

"Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework," he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained some foreign entities on black money stashed away abroad.

However, he said Double Taxation Avoidance Agreement (DTAA) and Exchange of Taxation Information Agreement are two instrumentalities under which information can obtained and the government has already amended pacts with 23 countries to get information from banks.

"But the problem is information which we have obtained has come under some conditions of secrecy. Today, if we disclose tomorrow other countries will not give me the information raising an accusing finger that you do not meet international commitments," he said.

However, Mukherjee said "there is a way. As and when the Income Tax Authorities will be in a position to prosecute cases against tax evaders you will come to know".

"Even I have no intention or authority of knowing the names (of those who have stashed black money abroad). The Income Tax officers have statutory powers under which they perform their duties and they are outside the purview of the administrative control of the ministry," Mukherjee said

Top five IT companies to hire 1.8 lakh persons in 12 months, says Infosys

Indian IT sector seems to have come back to its record-breaking hiring days, with a top industry player Infosys projecting up to 1.8 lakh employees being hired by the five largest companies alone this year.

"Growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months," Infosys CEO Kris Gopalakrishnan said here.

Such large-scale hiring activities were last witnessed in 2007 by Indian IT companies, after which they had to cut back on hiring and even prune their existing headcount to cope up with the economic slowdown.

"In 2008, the industry saw growth coming down to single digit. Most IT companies stopped hiring employees and stopped expanding," Mr. Gopalakrishnan said at a discussion on 'sustainable Development Strategies' organised by College of Architecture here last evening.

Mr. Gopalakrishnan said that the growth was now back in the sector and the companies were expanding their headcount.

He further said, "The IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around five lakh employees in 1999 and today, the industry employs around 2 million employees."

The highest-ever hiring in the IT space was seen in 2007, when more than four lakh jobs were created in Indian IT space by all the companies together.

TCS to hire 37,000 from campuses next fiscal

Mumbai: IT major Tata Consultancy Services (TCS), today said it plans to hire 37,000 professionals for its domestic and overseas markets through campus placements in the next fiscal.

"We plan to hire 37,000 professionals through campus recruitments in FY 12. We have so far visited 171 institutions pan-India," TCS Head (Global Human Resources), Ajoyendra Mukherjee, told reporters here.

"Our hiring ratio will be around 54:46 trainee and lateral respectively," he said.  The company had hired 27,500 professionals through campus recruitment last year.

"The demand is strong and we hope it will continue to grow in the coming days," he said.

The country's largest software exporter said it has hired 50,000 personnel in the nine-month period ended December 2010 and expects to add another 12,000-15,000 in Q4.

TCS added 20,219 people (gross) during the quarter (Q3 FY 11), its highest addition yet, taking its total headcount to 1,86,914 at the end of the December quarter.

"Given the strength of business demand, we have exceeded the hiring target of 50,000 employees we had set for this fiscal year," Mukherjee said.

TCS CEO and Managing Director, N Chandrasekaran , had yesterday said the company faces the major challenge of attrition.

"Our short-term challenge is we have to continue to retain people although the attrition rate has come down in Q3 FY 11," Chandrasekaran had said.

Big Fraud in US Around 1599 Students are cheated by the TRI VALLEY UNIVERSITY

Washington, 25 January 2011: Hundreds of Indian students, mostly from Andhra Pradesh, face the prospect of deportation from the US after authorities raided and shut down a university in the Silicon Valley on charges of a massive immigration fraud.

The Tri-Valley University in Pleasanton, a major suburb in San Francisco Bay Area, has been charged by federal investigating authorities with being part of an effort to defraud, misuse visa permits and indulge in money laundering and other crimes.

According to a federal complaint filed in a California court, the University, which was raided and shut down last week, helped foreign nationals illegally acquire immigration status. The university is said to have 1,555 students. As many as 95 per cent of these students are Indian nationals, the complaint said.

Investigations by Immigration and Custom Enforcement (ICE) found that while students were admitted to various residential and online courses of the university and on paper lived in California, in reality they "illegally" worked in various parts of the country as far as Maryland, Virginia, Pennsylvania, and Texas.

ICE has called it as a "sham university." The ICE investigations found that more than half of these students were reported to be residing in a single apartment located in Sunnyvale California.

During the course of the investigation ICE found that the university gave the residential address of its students in order to conceal that they did not live in California, said the court papers. For a student to maintain an active immigration status, they must show proof that they are making reasonable process towards completing coursework and physically attend classes.

Federal investigating authorities are now sweeping out on each of those students, who paid lakhs for obtaining students visa and also students work permit. Several of them have been interrogated, creating a panic reaction among the Indian student community.

Many of the students from Andhra Pradesh, who were planning to join the university for the new semester, have cancelled their US travel plans. Classes were scheduled to start on January 10 after the winter break.

It is understood that many of these students are planning to leave the country as soon as possible as they are being interrogated.

There are unconfirmed reports of some of the students being detained and deportation process has been started against them. Once the university has been shut down, the students who come on F-1 visa, lose their status within a stipulated time. These students have been making desperate calls to Indian- American immigration attorneys.

"We have received verification that ICE has detained some of the students and placed them in removal proceedings," Murthy Law Firm, a popular immigration attorney firm among Indian-Americans, said in a posting on its website.

On January 20, 2011 the Murthy Law Firm received numerous phone calls from students registered at Tri-Valley University in Pleasanton, California, it said in its posting.

"Some of the F-1 Tri-Valley students may have options to try to change status in the United States. Some are potentially eligible to request a change to H-4 or other dependant statuses.

"Others might be eligible for H1B status through employers, but may not have enough time to file for the soon-to-be reached FY 2011 H1B cap. Those who have previously held H1B status and do not need cap numbers would not face this problem," advised the Murthy Law Firm.

Tri-Valley University, on its website, says that it is a Christian Higher Education Institution aiming to offer rigorous and excellent quality academic programmes in the context of Christian faith and world view. It offers a wide range of courses. According to the complaint, the university and its founder Susan Su have made millions of dollars in tuition fee for issuing visa-related documents that enabled hundreds of foreign nationals to obtain illegal student immigration status.

Calls were made to various telephone numbers listed on the Tri Valley website but either the voice mail box was full or the number was not accepting any new calls.

According to the court document, ICE began its investigations in May 2010. In February 2009, the university received necessary permission to issue visas for 30 students and in May that year it had some 11 active students who had F-1 visas. The number jumped to 939 by May 2010.

Wish You a Happy Pongal to All

IPL-4 Auction: Teams and list of players

Bengaluru: Following is the list of players, the franchisee and the amount auctioned for IPL-4.

Deccan Chargers
Dale Steyn $1.2 million (200,000)
Kevin Pietersen: $650,000 (400,000)
Cameron White: $1.1 million (300,000)
Kumar Sangakkara: $700,000 (300,000)
JP Duminy: $300,000 (200,000)
Shikhar Dhawan: $300,000 (100,000)
Ishant Sharma $450,000 (200,000)
Pragyan Ojha $500,000 (200,000)
Amit Mishra $300,000 (100,000)

Money spent: $5.5 million
Money available: $3.5 million

* * *

Kolkata Knight Riders
Gautam Gambhir: $2.4 million (200,000)
Yusuf Pathan: $2.1 million (300,000)
Jacques Kallis: $1.1 million (300,000)
Brad Haddin $325,000 (200,000)
Shakib Al Hasan: $425,000 (200,000)
Brett Lee $400,000 (400,000)
Eoin Morgan $350,000 (200,000)
Manoj Tiwary 475,000 (100,000)

Money spent: $7.58 million
Money available: $1.42 million

* * *

RCB

Tillakaratne Dilshan $650,000 (400,000)
Zaheer Khan: $900,000 (300,000)
AB de Villiers: $1.1 million (400,000)
Daniel Vettori: $550,000 (400,000)
Saurabh Tiwary: $1.6 million (100,000)
Dirk Nannes $650,000 (200,000)
Cheteshwar Pujara $700,000 (100,000)

Money spent: $7.95 million
Money available: $1.05 million

* * *
Mumbai Indians

Rohit Sharma: $2 million (200,000)
Andrew Symonds: $850,000 (300,000)
David Jacobs: $190,000 (20,000)
James Franklin: 100,000, (100,000)

Money spent: $7.64 million
Money available: $1.36 million

* * *
Pune Warriors
Yuvraj Singh: $1.8 million (400,000)
Graeme Smith: $500,000 (400,000)
Robin Uthappa: $2.1 million (200,000)
Angelo Matthews: $950,000 (300,000)
Tim Paine: $270,000 (100,000)
Ashish Nehra $850,000 (200,000)
Nathan McCullum 100,000 (100,000)
Callum Ferguson $300,000 (100,000

Money spent: $6.87 million
Money available: 2.13 million

* * *
Team Kochi
M Jayawardene: $1.5 million (400,000)
VVS Laxman: $400,000 (300,000)
Brendon McCullum: $475,000 (400,000)
S. Sreesanth: $900,000 (200,000)
RP Singh: $500,000 (200,000)
Parthiv Patel: $290,000 (100,000)
Ravindra Jadeja: $950,000 (100,000)
Steven Smith: $200,000 (200,000)
Muttiah Muralitharan $1.1 million (300,000)
Ramesh Powar $180,000 (100,000)
Brad Hodge $425,000 (200,000)
Money spent: $6.92 million
Money available: $2.08 million

Delhi Daredevils
Irfan Pathan: $1.9 million (300,000)
David Warner: $750,000 (200,000)
Naman Ojha: $270,000 (100,000)
James Hopes: $350,000 (200,000)
Morne Morkel $475,000 (100,000)
Aaron Finch $300,000 (100,000)
Money spent: $5.48 million
Money available: $3.15 million

* * *
Chennai Super Kings

Michael Hussey: $425,000 (200,000)
Wriddhiman Saha $100,000 (100,000)
Dwayne Bravo: $200,000 (200,000)
Doug Bollinger $700,000 (200,000)
R. Ashwin $850,000 (100,000)
S. Badrinath $800,000 (100,000)
Money spent: $7.58 million
Money available: $1.42 million

Rajasthan Royals
Ross Taylor: $1 million (400,000)
Rahul Dravid: $500,000 (400,000)
Johan Botha: $950,000 (200,000)
Paul Collingwood $250,000 (200,000)
Money spent: $5.8 million
Money available: $1.2 million

Kings XI Punjab
Adam Gilchrist: $900,000 (400,000)
David Hussey: $1.4 million (300,000)
Dinesh Karthik $900,000 (200,000)
Shaun Marsh: $400,000 (400,000)
Stuart Broad: $400,000 (400,000)
Abhishek Nayar: $800,000 (50,000)
Praveen Kumar $800,000 (200,000)
Ryan Harris $325,000 (200,000)
Piyush Chawla: $900,000 (100,000)
Money spent: $6.83 million
Money available: $2.17 million

 

Gambhir is top scorer with $2.4 mn in IPL 4 Auction

Gambhir bagged $2.4 million from Kolkata Knight Riders, which in turn proved to be the highest bid for the day besides being the most expensive in the brief history of the league, tripping past the previous highs of Andrew Flintoff and Kevin Pietersen (both at $1.55 million) in 2009 and M.S. Dhoni ($1.5 million) in 2008.

Team India proved why it is in number 1 position in test Rankings

Cape Town test ends in a draw, England win the Ashes, Anil Kumble quits IPL and lots more. Take a look.

Match Drawn, Series Even

The third and final Test match between India and South Africa ended in a draw. Chasing 340 for a win, Gautam Gambhir top-scored with 64 as India decided to play for a draw. Jacques Kallis was declared the Man-of-the-Match and the Man-of-the-Series. India have enough reason to cheer as this is the first time they have drawn a Test series in South Africa.

Set a daunting target of 340 for a win, India opted to play safe and bat their way to a draw in the third and final cricket Test against South Africa to end the high-profile series 1-1 here. The Indians never made an effort to chase down the stiff target and the batsmen played out time to crawl to 166 for three in their second innings before play was called off to mark the end of a fascinating three-match series.

Although the Indians could not achieve their dream of a maiden away series win over South Africa, it was a creditable achievement for the visitors as they drew a Test series for the first time on the African soil. The result also meant that India maintained their number one ranking. The visitors lost the first Test in Centurion by an innings and 25 runs but showed great character to bounce back and win the second Test in Durban by 87 runs.

The Indians could have entertained hopes of going for the target had Virender Sehwag (11) fired but the dashing opener fell cheaply to end the series without too may runs to his credit. Gautam Gambhir defied an elbow injury and played a resolute knock of 64 to be the highest scorer in the second innings. Sachin Tendulkar (14) and VVS Laxman (32) were at the crease when play was called off after 82 overs.