Spot-Fixing Scandal
Scandal engulfs Indian cricket; web of players, bookies faces scrutiny
Cricket, the "gentleman's game", has been hit by a series of gambling-related scandals in international matches in recent years. But S.Sreesanth's case is the first time allegations of "fixing" in the IPL are being heard in a court of law, despite a huge, illegal betting industry that has grown up around the tournament. Full Article
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MARKET EYE-India shares flat; HUL, Tata Motors fall
* The BSE index is down 0.07 percent and the 50-share NSE index falls 0.15 percent. * Trading remains weak despite Finance Minister P Chidambaram reassuring foreign investors on budget and rating on Tuesday, with traders focusing on RBI's policy review next week. * Leading the fall, Hindustan Unilever drops 4.5 percent on a slew of downgrades that came a day after the company reported slower-than-expected volume growth and a hike in royalty payments. * Tata Motors shares fall 2.3 percent as traders cite concerns over December quarter earnings. * Syndicate Bank shares fall 7.2 percent after adjusted profits missed estimates, dealers said. * However, ZEE Entertainment shares gain 2.3 percent after the company reported higher-than-expected margins and net profit, which stood at 1.93 billion rupees in the December quarter. (manoj.dharra@thomsonreuters.com; manoj.dharra.thomsonreuters.com@reuters.net)
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