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
Breakingviews columnists discuss the implications of inflation being in decline globally. Video
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Adani Port surges on Abbott stake sale plan
Reuters Market Eye - Shares in Adani Ports and Special Economic Zone Ltd (APSE.NS) gain 5.2 percent a day after the company says it will sell a majority stake in Australia's Abbot Point port to the Adani family.
Abbot Point reported a loss of 670 million rupees for the October-December quarter, Adani said on Monday.
Adani Port's stake sale in its Australian port would reduce the Indian company's consolidated debt by around 110 billion rupees, while the reinvestment of the cash flows for domestic growth opportunities would be a positive, brokerage Edelweiss says in an email to clients.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this