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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Deflated expectations
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MARKET EYE-India's NSE stock futures breach key 6,000 level
* December futures contract for India's 50-share NSE index crosses the psychologically key level of 6,000 points for the first time since Jan. 7, 2011, extending a rally after recent reform measures were cleared by parliament. * Dealers say the milestone in futures bodes well for the main NSE index, widely known as Nifty, which has risen 27.8 percent in 2012 as of Monday's close. * Passage of banking reforms bill, due to be voted on Tuesday, and other measures would be key for sustaining the rally that has seen India outperforming BRICs by a wide margin in 2012 so far, dealers add. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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