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Indian Premier League (IPL) auction is underway and the ten franchises are battling it out in the arena to build their squads for the next three years.A total of 1,574 players will participate in the IPL 2025 mega auction today and tomorrow in Jeddah, Saudi Arabia. The player pool consists of 1,165 Indian players and 409 overseas players, of which 320 players are capped, 1,224 are uncapped, and 30 are from Associate Nations. A total of 204 slots are available across the ten IPL franchises, with a maximum squad size of 25 players per team.List of Players sold Arshdeep Singh sold to Punjab Kings for a whopping sum of Rs 18 crore via Right To Match.Kagiso Rabada sold to Gujarat Titans for Rs 10.75 crore.Shreyas Iyer sold to Punjab Kings for Rs 26.75 crore.Jos Buttler sold to Gujarat Titans for Rs 15.75 crore. Mitchell Starc sold to Delhi Capitals for Rs 11.75 crore.Rishabh Pant sold to Lucknow Super Giants for Rs 27 crore.Mohammed Shami sold to Sunrisers Hyderabad for Rs 10 crore.David Miller sold to Lucknow Super Giants for Rs 7.5 crore.Yuzvendra Chahal sold to Punjab Kings for Rs 18 crore.Mohammed Siraj sold to Gujarat Titans for 12.25 crore.Liam Livingstone sold to Royal Challengers Bengaluru for Rs 8.75 crore.KL Rahul sold to Delhi Capitals for Rs 14 crore.Harry Brook sold to Delhi Capitals for Rs 6.25 crore.Aiden Markram sold to Lucknow Super Giants for Rs 2 crore.Devon Conway sold to Chennai Super Kings for Rs 6.25 crore.Rahul Tripathi sold to Chennai Super Kings for Rs 3 crore.Jake Fraser-McGurk sold to Delhi Capitals for Rs 9 crore via RTM.Harshal Patel sold to Sunrisers Hyderabad for Rs 8 crore.Rachin Ravindra sold to Chennai Super Kings for Rs 4 crore via RTM.Ravichandran Ashwin sold to Chennai Super Kings for Rs 9.75 crore.Venkatesh Iyer sold to Kolkata Knight Riders for Rs 23.75 crore.Marcus Stoinis sold to Punjab Kings for Rs 11 crore.Mitchell Marsh goes to Lucknow super Giants for Rs 3.40 crore.Glenn Maxwell sold to Punjab Kings for Rs 4.2 crore.Quinton de Kock sold to Kolkata Knight Riders for Rs Rs 3.6 crore.Phil Salt to join Royal Challengers Bengaluru for Rs 11.50 crore.Rahmanullah Gurbaz goes to Kolkata Knight Riders for Rs 2 crore.Ishan Kishan sold to Sunrisers Hyderabad for Rs 11.25 crore.Jitesh Sharma sold to Royal Challengers Bengaluru for Rs 4 crore.Josh Hazlewood bought by Royal Challengers Bengaluru for Rs 12.5 crore.Prasidh Krishna sold to Gujarat Titans for Rs 9.5 crore.Avesh Khan sold to Lucknow Super Giants for 9.75 crore.Andre Nortje sold to Kolkata Knight Riders for Rs 6.5 crore. Jofra Archer bought by Rajasthan Royals for Rs 12.50 crore.Khaleel Ahmed sold to Chennai Super Kings for Rs 4.8 crore.T Natarajan goes to Delhi Capitals for Rs 10.75 core.Trent Boult bought by Mumbai Indians for Rs 12.50 crore.Maheesh Theekshana goes to Rajasthan Royals for Rs 4.4 crore.Rahul Chahar to play for Sunrisers Hyderabad for Rs 3.2 crore.Adam Zampa joins the Sunrisers Hyderabad for Rs 2.4 crore.Wanindu Hasaranga sold to Rajasthan Royals for Rs 5.25 crore.Noor Ahmad to join Chennai Super Kings for Rs 10 crore.Atharva Taide bought by Sunrisers Hyderabad for Rs 30 lakh.Nehal Wadhera goes to Punjab Kings for Rs 4.20 crore.Angkrish Raghuvanshi sold to Kolkata Knight Riders for Rs 3 crore.Karun Nair goes to Delhi Capitals for Rs 50 lakh. Abhinav Manohar will play for Sunrisers Hyderabad for Rs 3.2 crore.Nishant Sindhu to join Gujarat Titans for Rs 30 lakh.Sameer Rizvi goes to Delhi Capitals for Rs 95 lakh.Naman Dhir sold to Mumbai Indians for Rs 5.25 crore.Abdul Samad to play for Lucknow Super Giants for Rs 4.2 crore.Harpreet Brar bought by Punjab Kings for Rs 1.5 crore.Vijay Shankar goes to Chennai Super Kings for Rs 1.2 crore.Mahipal Lomror to join Gujarat Titans for Rs 1.7 crore.Ashutosh Sharma bought by Delhi Capitals for Rs 3.8 crore.Kumar Kushagra to play for Gujarat Titans for Rs 65 lakh.Robin Minz sold to Mumbai Indians for Rs 65 lakh.Anuj Rawat goes to Gujarat Titans for Rs 30 lakh.Aryan Juyal joins Lucknow Super Giants for Rs 30 lakh.Vishnu Vinod bought by Punjab Kings for Rs 95 lakh.Rasik Dar goes to Royal Challengers Bengaluru for Rs 6 crore.Akash Madhwal sold to Rajasthan Royals for Rs 1.2 crore.Mohit Sharma joins Delhi Capitals for Rs 2.2 crore.Vijaykumar Vyshak bought by Punjab Kings for Rs 1.8 crore.Vaibhav Arora sold to Kolkata Knight Riders for Rs 1.8 crore.Yash Thakur to play for Punjab Kings for Rs 1.6 crore.Simarjeet Singh bought by Sunrisers Hyderabad for Rs 1.5 crore.Suyash Sharma goes to Royal Challengers Bengaluru for Rs 2.6 crore.Karn Sharma to join Mumbai Indians for Rs 50 lakh.Mayank Markande joins to Kolkata Knight Riders for Rs 30 lakh.Kumar Kartikeya Singh to play for Rajasthan Royals for Rs 30 lakh.Manav Suthar bought by Gujarat Titans for Rs 30 lakh.Rovman Powell sold to Kolkata Knight Riders for Rs 1.50 crore.Faf du Plessis sold to Delhi Capitals for Rs 2 crore.Washington Sundar sold to GT for Rs 3.20 crore.Sam Curran sold to Chennai Super Kings for Rs 2.40 crore.Marco Jansen goes to Punjab Kings for Rs 7 crore.Krunal Pandya sold to Royal Challengers Bengaluru for Rs 5.75 crore.Nitish Rana sold to Rajasthan Royals for Rs 4.20 crore.Ryan Rickleton sold to Mumbai Indians for Rs 1 crore. Josh Inglis sold to Punjab Kings for Rs 2.60 crore.Bhuvneshwar Kumar sold to Royal Challengers Bengaluru for Rs 10.75 crore.Gerald Coetzee goes to Gujarat Titans for Rs 2.40 crore.Tushar Deshpande sold to Rajasthan Royals for Rs 6 crore.Mukesh Kumar sold to Delhi Capitals for Rs 8 crore via RTM.Akash Deep goes to Lucknow Super Giants for Rs 8 crore.Allah Ghazanfar sold to Mumbai Indians for Rs 4.80 crore.Deepak Chahar sold to Mumbai Indians for Rs 9.25 crore.Lockie Ferguson sold to Punjab kings for Rs 2 crore.Shubham Dubey bought by Rajasthan Royals for Rs 80 lakh.Anshul Kamboj to join Chennai Super Kings for Rs 3.4 crore.Himmat Singh to play for Lucknow Super Giants for Rs 30 lakh.Shaikh Rashid sold to Chennai Super Kings for Rs 30 lakh.Arshad Khan bought by Gujarat Titans for Rs 1.3 crore.Swapnil Singh sold to Royal Challengers Bengaluru for Rs 50 lakh.Gurnoor Singh Brar to join Gujarat Titans for Rs 1.3 crore.Mukesh Choudhary goes to Chennai Super Kings for Rs 30 lakh.Zeeshan Ansari to play for Sunrisers Hyderabad for Rs 40 lakh.M Siddharth will play for Lucknow Super Giants for Rs 75 lakh.Digvesh Singh goes to Lucknow Super Giants for Rs 30 lakh.Manish Pandey to join Kolkata Knight Rider for Rs 75 lakh.Sherfane Rutherford bought by Gujarat Titans for Rs 2.6 crore.What happened at Retentions?Earlier in October, the teams had announced their retained players and used up a little amount from their Rs 120 crore wallet. Now, Punjab Kings (PBKS) is left with the highest purse with ₹110.5 crore, Delhi Capitals and Royal Challengers Bengaluru (RCB) have ₹73 crore and ₹83 crore, followed by Lucknow Super Giants (LSG) and Gujarat Titans (GT) with ₹69 crore each. Chennai Super Kings (CSK) have ₹55 crore remaining, while Mumbai Indians and Sunrisers Hyderabad have ₹45 crore each. Rajasthan Royals, meanwhile, have the smallest purse of ₹41 crore. The Right-To-Match (RTM) Card Returns in IPL AuctionThe RTM card, used in earlier auctions, is back with a new twist: Teams can bid to reclaim a player from their 2024 squad. If the previous team matches the winning bid, the bidding team gets one final chance to raise the price further without any limit.Teams were allowed to retain up to 6 players using RTM and direct retention. Only 5 capped players and 2 uncapped players can be retained.Interestingly, teams like KKR and RR, which have already retained 6 players, cannot use RTM cards.Complete List of retained playersMumbai Indians: Jasprit Bumrah, Suryakumar Yadav, Hardik Pandya, Rohit Sharma, Tilak VarmaKolkata Knight Riders: Rinku Singh, Varun Chakaravarthy, Sunil Narine, Andre Russell, Harshit Rana, Ramandeep SinghChennai Super Kings: Ruturaj Gaikwad, Matheesha Pathirana, Shivam Dube, Ravindra Jadeja, MS DhoniRajasthan Royals: Sanju Samson, Yashasvi Jaiswal, Riyan Parag, Dhruv Jurel, Shimron Hetmyer, Sandeep SharmaRoyal Challengers Bengaluru: Virat Kohli, Rajat Patidar, Yash DayalDelhi Capitals: Axar Patel, Kuldeep Yadav, Tristan Stubbs, Abishek PorelGujarat Titans: Rashid Khan, Shubman Gill, Sai Sudharsan, Rahul Tewatia, Shahrukh KhanLucknow Super Giants: Nicholas Pooran, Ravi Bishnoi, Mayank Yadav, Mohsin Khan, Ayush BadoniPunjab Kings: Shashank Singh, Prabhsimran SinghSunrisers Hyderabad: Heinrich Klaasen, Pat Cummins, Abhishek Sharma, Travis Head, Nitish Kumar Reddy

On November 21, many Indians woke up to a breaking news that severely impacted the stocks of one of India’s largest business conglomerates and wiped out $12.4 billion from the fortune of one its wealthiest businessmen, Gautam Adani. Known as a symbol of India's rapid rise on the global economic stage, Adani’s financial empire was rocked once again by a fresh set of controversies, signaling that his troubles may not be over anytime soon.Just as Adani's group had managed to bounce back from the blow delivered by American short-seller Hindenburg Research in January 2023, which accused the company of stock manipulation and fraud, it was now faced with another challenge. On the heels of this recovery, the conglomerate was hit with new charges, this time related to a $250 million bribery scandal. The charges, filed in a U.S. court, accuse Gautam Adani of orchestrating a massive bribery scheme to secure power supply contracts, a scandal that further tarnishes the reputation of his business empire.According to the US indictment, Adani misled U.S. investors with falsified documents and concealed transactions while raising funds over several years. The scheme allegedly involved more than $2 billion raised through loans and bonds, some of which were from American financial institutions, all built on false claims related to anti-bribery practices and reports of an ongoing bribery probe.In response to the allegations, the Adani Group rejected the charges. A statement from the company described the accusations as "baseless" and said they will pursue all available legal avenues to contest the claims. Despite this strong rebuttal, the damage to Adani's stock prices was already done, with shares of Adani Group companies plunging by as much as 20% on November 21 alone.However, the shockwaves did not stop there. The latest developments have led to fresh legal complications for Gautam Adani and his family. From the massive financial losses to the expanding legal entanglements, the once-unstoppable rise of the Adani Group is now overshadowed by a series of controversies and accusations. These cascading troubles highlight the mounting challenges Gautam Adani and his business empire face.Adani summoned by US SECSummonses were issued to Gautam Adani and his nephew, Sagar Adani, by the U.S. Securities and Exchange Commission (SEC). The SEC has accused the Adani Group executives of paying bribes to secure solar power contracts, and the Adanis have been ordered to respond to these allegations within 21 days.The summons, sent through the New York Eastern District Court, warns that failure to respond could result in a default judgment being entered against the accused. The SEC charges are separate from those brought by the U.S. Department of Justice, but they both relate to the same massive bribery scheme involving corrupt practices and misleading financial statements.Also Read: Adani Bribery Case: US SEC summons Gautam Adani, nephew SagarNew twist in India for AdaniAs if the U.S. charges weren't enough, a new twist has emerged in India. A new application was filed on Saturday in the Indian Supreme Court seeking to add new documents related to the US indictment against the Adani Group in an ongoing case. The petitioner, Vishal Tiwari, requested that two critical documents—the U.S. court indictment and the SEC’s complaint—be included in an ongoing case, alleging stock manipulation by the Adani Group. The first document is a formal indictment from a U.S. court, which charges Gautam Adani, his relative Sagar Adani, and other executives with orchestrating an extensive bribery scheme. The second document Tiwari has requested to be submitted is a complaint from the U.S. Securities and Exchange Commission (SEC), which accuses the Adani Group of securities fraud. The SEC claims that Adani executives misled investors and financial institutions by providing false information to secure funding for solar projects, all while knowing that some of the capital was linked to corrupt practices.Also Read: New application filed in SC against Adani Group in connection with the US indictment orderThis request follows a broader investigation by the Securities and Exchange Board of India (SEBI) into allegations of stock manipulation and market irregularities, sparked by the publication of the Hindenburg Report in January 2023. The petition argues that the findings from the U.S. legal documents could serve as critical evidence to strengthen SEBI’s ongoing investigation into the Adani Group’s business activities.Sebi probe against Adani, funding hits and more agoniesThe Securities and Exchange Board of India (SEBI) has initiated an inquiry into the U.S. allegations against the Adani Group, focusing on false statements made to Indian stock exchanges, particularly regarding the non-disclosure of U.S. investigations, according to sources familiar with the matter. SEBI has requested information from the stock exchanges about Adani Green Energy's communications related to the U.S. investigations, they added, and is considering launching a formal investigation once it receives the relevant reports from the exchanges.SEBI is scrutinizing potential violations of disclosure rules by the conglomerate, as it failed to share critical price-sensitive information, the sources said. The regulator, however, did not respond to queries on the matter.Also Read: Sebi begins inquiry into alleged false statements by Adani GroupIn the meantime, the Adani Group's may face funding challenges. Some global banks are now considering halting fresh credit to the conglomerate. While these banks are not looking to pull back on existing loans, multiple discussions have taken place among senior executives regarding the latest allegations and how they may impact Adani’s financial stability.Also Read: Global banks weigh halting fresh credit to Adani after U.S. indictmentRatings agencies have also weighed in, further complicating matters for Adani. S&P Global Ratings downgraded the outlook for three of Adani's key companies—Adani Green Energy, Adani Transmission, and Adani Total Gas—from “stable” to “negative,” following Moody’s announcement that the latest developments were credit-negative for the Adani Group. These changes signal growing concerns about the group's ability to maintain its financial position in the wake of these scandals.On the international front, Adani Group's challenges continued to mount. Kenyan President William Ruto announced on November 21 that he had ordered the cancellation of two major deals with the Adani Group. The deals, which included a $700 million contract for power transmission lines and a proposal to expand Kenya’s main airport, were terminated amid growing scrutiny of Adani’s business practices. This marks another blow to the Adani Group’s expansion plans in Africa, a region that had been a key focus of its global strategy.Also Read: Kenya cancels power transmission deal with Adani following US bribery charges