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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Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
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MARKET EYE-Indian shares edge higher; rate-sensitive stocks lead
* The BSE index is up 0.14 percent while the NSE index gains 0.23 percent. * Interest-rate sensitive stocks gain ahead of Reserve Bank of India's policy review on Tuesday: ICICI Bank is up 1 percent, while Maruti Suzuki gains 2 percent. * Although the central bank is not expected to ease policy then, traders said the central bank could cut the cash reserve ratio or sound more dovish on inflation. * Hopes parliament will approve the Banking Amendment bill this week also seen helping shares: Union Bank of India rises 1.5 percent, while Bank of India is up 1.1 percent. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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