Shreyas Iyer becomes most expensive IPL buy at Rs 26.75 crore, goes to PBKS
Jeddah (Saudi Arabia) (PTI): India batter Shreyas Iyer became the most expensive player in the history of IPL as Punjab Kings broke the bank to buy him for Rs 26.75 crore in the tournament's mega auction here on Sunday.
Iyer surpassed the record held by Australian pacer Mitchell Starc, who was bought by Kolkata Knight Riders for Rs 24.75 crore in the last auction.
Among others, Left-arm seamer Arshdeep Singh's consistency earned him a massive bid of Rs 18 crore, also from Punjab Kings via the Right to Match card, while South African speedster Kagiso Rabada was bought for Rs 10.75 crore by Gujarat Titans.
Iyer, the former Kolkata Knight Riders captain, started with a base price of Rs two crore.
Delhi Capitals had the bid at Rs 26 crore for him but PBKS raised the amount to get the player.
Chennai Super Kings started with the first bid for Arshdeep, whose base price was also Rs two crore.
Eventually, after an intense bidding war, the seamer was bought back by Punjab, who exercised the right to match option to complete the deal, having released him earlier.
This is the second time an IPL auction is being held outside the country after last year's event in Dubai.
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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.
