Pune, Rajkot new teams for 2016 Indian Premier League

India’s cricket board has chosen two new franchises for the Indian Premier League (IPL) in a bidding contest on Tuesday, replacing a pair of teams suspended over a 2013 spot-fixing and betting scandal and netting between Rs.340 crore andRs.360 crore in auction proceeds.
Delhi-based mobile phone maker Intex Technologies and Kolkata-based New Rising, owned by CESC Ltd chairman Sanjiv Goenka, became the latest companies to join IPL, the ninth edition of which will be played from 9 April to 29 May.
Intex, represented by its director Keshav Bansal, bagged the Rajkot franchise and New Rising the Pune franchise.