Spot-fixing scandal: BCCI chief's son-in-law arrested
NEW DELHI - Mumbai Police apprehended Gurunath Meiyappan, a key official of the Indian Premier League's (IPL) Chennai franchise, late on Friday in connection with a spot-fixing scandal that has also led to the arrest of three cricketers.
AirAsia India launch seen in Q4; may order 50 more jets
MONACO - AirAsia, which smashed order records for Airbus jets to become Asia's largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, Chief Executive Tony Fernandes said.
Iraq violence presents new test for U.S.
Saddled with Middle East problems ranging from Iran to Syria and beyond, President Barack Obama now faces one that is both old and new: Iraq. Full Article | Related Story
Tracking Sensex: Top losers, gainers this week
It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent. Here are the top five Sensex gainers and losers for the week ending May 24. Full Article
Bayern meet Dortmund in all-German final
Tens of thousands of Germans will descend on London's Wembley Stadium later on Saturday (1845 GMT) when four-times winners Bayern Munich take on domestic rivals Borussia Dortmund in the Champions League final. Full Article | Tradition meets modernism
Yahoo joins growing list of bidders for Hulu
Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources said. Full Article
Latest Headlines
Collaboration key to Bollywood’s global appeal, says actor Irrfan
Bollywood actor Irrfan is doing his bit to help Indian films reach more audiences worldwide by goading local movie producers to collaborate, find new markets and swap its Bollywood image for a more universal language of cinema. Read on for excerpts from an interview by Shashank Chouhan. Full Article
OPINION
Revenge of the markets
For months, markets have been dancing to central bankers' tune, but that may now be changing. It must have been fun to be a central banker in the early part of 2013. That seems to have ended rather abruptly in the 24 hours beginning with the Bank of Japan's disappointing response to bond market volatility and including Ben Bernanke's anodyne but market-roiling comments on Wednesday on the possibility of a policy taper. Full Article
The many interpretations of Ben Bernanke
The reaction to Federal Reserve Chairman Ben Bernanke's tediously familiar statement, and release of the equally repetitive minutes of the last Fed meeting, was some of the wildest gyrations seen in the world’s financial markets for months. Why did the financial world react in this manic-depressive way to a statement that was bland and predictable? Commentary
Prosperity without power
In Moscow, they are “non-Soviet Russians.” In New Delhi, they are a “political Goliath” that may soon awake. In Beijing and Sao Paolo, they are lawyers and other professionals who complain about glacial government bureaucracies and endemic graft. Across the BRIC nations, frustrated members of the middle class are demanding change, but traditional power holders remain entrenched. Commentary
Breakingviews
Blame Japan’s debt on companies, not the state
Japan’s government is up to its neck in debt. That, however, is not because the government has been overly profligate, but because Japanese companies have been deleveraging for a long time. If Prime Minister Shinzo Abe’s policies revive private investment, the government’s track record suggests it will tighten its belt. Full Article
Bollywood fashion at Cannes
Remember fashion’s golden rule: you are what you wear. The Bollywood brigade at this year's Cannes Film Festival may seem a bit like the contestants in the national costume round of a beauty pageant. Keeping their identity intact while representing their country on an international platform is praiseworthy, but is it making a fashion statement? Blog
Beckham's final 81st minute
In his last match as a professional footballer, Beckham did everything to be a key player on the pitch. Thanks to him his team was able to score. However, there was something different this time. You could see his desperation to score, a need to shine, and an attempt to make those final minutes on the pitch last as long as possible. Full Article
Travel
48 hours in Spain's capital Madrid
Despite its world-class museums, good climate and arguably Europe's best nightlife, Spain's capital, located right in the centre of the country, is often overlooked in favour of its beachside sister, Barcelona. Full Article
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