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
REUTERS SHOWCASE
 |
Deflated expectations
Breakingviews columnists discuss the implications of inflation being in decline globally. Video
Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. 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
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters