IPL mega auction to be held in Jeddah in Saudi Arabia on November 24, 25: BCCI
New Delhi, Nov 5: The mega auction ahead of the Indian Premier League 2025 will be held in Jeddah, Saudi Arabia, on November 24 and 25, the BCCI announced on Tuesday.
This is the second successive year the auction is being held overseas as Dubai hosted the previous one ahead of the IPL 2024.
The player registration officially closed on Monday and a total of 1,574 cricketers (1,165 Indian and 409 overseas) have been signed up for the auction, which will clash with the third and fourth day’s play of the first Test between India and Australia in Perth, which begins on November 22.
Each franchise will be able to form a maximum squad of 25 players (including respective retained players), and a total of 204 slots will be up for grabs from the auction.
The list includes 320 capped players, 1,224 uncapped players and 30 players from the Associate Nations.
Among capped players, 48 are from India. Moreover, 965 uncapped players of the country will also be part of the auction.
This year’s auction will feature some high-profile India stars such as Rishabh Pant, KL Rahul, Shreyas Iyer and Arshdeep Singh.
The 10 franchises will collectively have around Rs 641.5 crore to spend for the available 204 slots.
Out of those 204 slots, 70 are earmarked for overseas players.
As of now, 46 players have been retained by the 10 franchises with cumulative expenditure of Rs 558.5 crore.
Each franchise was allocated Rs 120 crore to build their squads but after the retention process, which was announced on October 31, Punjab Kings have the biggest purse -- Rs 110.5 crore.
The Punjab outfit retained just two uncapped players -- Shashank Singh and Prabhsimran Singh for Rs 9.5 crore.
Rajasthan Royals, under Sanju Samson, have the smallest purse of Rs 41 crore after retaining six players.
The Kolkata Knight Riders have also retained six players but they have a remaining purse of Rs 51 crore.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
