Spot-Fixing Scandal
BCCI chief's son-in-law arrested
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. Full Article
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MARKET EYE-Indian shares edge higher; telecom stocks gain
* The BSE index gains 0.25 percent and the NSE index is up 0.13 percent, after falling for five consecutive sessions. * Asian shares steady on Friday after falling nearly 2 percent this week on worries about the looming U.S. "fiscal cliff". * Telecom shares extend gains after a tepid demand in a 2G airwave auction raises hopes for lower prices: Bharti Airtel gains 1.6 percent, while Idea Cellular advances 1.2 percent. * Some recent under-performers gain on short-covering: Infosys gains 1.1 percent after falling 2.8 percent so far this month as of Thursday's close. (manoj.dharra@thomsonreuters.com)
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