News of all that's transpired on and off the football field
Given the hydrogen connection, it's ironic that Hindenburg Research released a long report, accusing the Adani group of financial manipulation, observes Devangshu Datta.
US-based boutique investment firm GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore ($1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani's group.
Two men alleged to be members of an illegal betting syndicate based in Singapore were charged with conspiracy to defraud on Thursday as part of a match-fixing investigation into English lower league soccer.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
After a tumultuous past few days that almost halved value of the Adani group, embattled tycoon Gautam Adani-led conglomerate had some pressure eased on Friday as two global rating firms stuck with their calls on its credit profile and its French partner backed its investments in the group firms. Also for the first time since January 24, shares of the group's flagship firm Adani Enterprises ended in positive territory after erasing an intraday loss of 35 per cent. Adani Ports and SEZ also ended 8 per cent higher. This is after a over $100-billion rout in value of group stock since the US short seller Hindenburg Research accused Adani group of stock manipulation and accounting fraud.
Both the Securities and Exchange Board of India and the Reserve Bank of India were trying to find if Puri was also involved in front-running and used his information on positions taken by Citi for placing bets, said an official with one of the regulators.
Footballers who take part in match-manipulation risk losing their careers if caught but those who induce the players and set up the fix do so at almost no risk to themselves, according to FIFA's head of security Ralf Mutschke.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
The 13th edition of the IPL is being held in the UAE in a bio-secure environment, which has significantly reduced the chance for persons with dubious credentials approaching the player directly.
The Kerala High Court on Wednesday issued notice to India cricket captain Virat Kohli and the state government in a plea seeking ban on online gambling in the state.
The Justice RM Lodha Committee on Monday submitted its report suggesting reforms in the Board of Control for Cricket in India (BCCI) to the Supreme Court. The committee, which was last year appointed by the apex court to make recommendations to the BCCI in order to prevent frauds and conflict of interest in cricket administration, recommended sweeping reforms for the controversy-ridden board.
To a specific question on the change in RBI's stance from "neutral" to "accommodative", Das said it means that there will not be any rate hike from here on.
A British legal expert has said that if the Scotland Yard police decides to lodge a case against Pakistan's alleged 'spot-fixers', it would possibly falter amid the vagaries of the courts.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
For the week, the Sensex recorded a gain of 131.39 points, or 0.38 per cent; while Nifty gained 38.75 points, or 0.37 per cent.
Former BCCI secretary Jaywant Lele says the Bombay high court has taken a very correct decision. 'The judges appointed in the two-member committee were the people of N Srinivasan.'
Why is the Indian cricket team still using the Board of Control for Cricket in India (BCCI) logo which resembles 'Star of India' honour given by the British to their favourite princes in colonial times?
Roma teenager Afena-Gyan plays down apparent racist remark.
The market last tumbled 10% or more in December 2016 following demonetisation. The decline was followed by a sharp rebound. This time the chances of such a v-shaped recovery are less.
Before participating in such a scheme, do a detailed background check of the company's credentials, especially if the promised returns are unrealistic.
Not to say that India couldn't have handled the situation better, but on average, it didn't do anywhere near as badly as the naysayers make it out argues Rajeev Srinivasan.
The ban results from a penalty Lamptey awarded to South Africa in a 2-1 win over Senegal in a 2018 World Cup qualifier in November.
The Supreme Court refused to entertain a plea seeking stay on the Board of Control for Cricket in India elections scheduled to take place on May 22.
For some, he's a bully and probable 'blackmailer' who targeted the rich and famous, especially in Bollywood, for fame, and allegedly, ransom. For others, he's finally the one brave narc who decided to do his job, no matter how powerful his quarry, observes Shekhar Gupta.
Jaitley, who headed the DDCA between 1999 and 2013, has been under opposition attack even though he has maintained his innocence.
Narayanswami Srinivasan suffered a major setback on Thursday as the Supreme Court barred him from contesting any election of the Board of Control for Cricket in India on grounds of conflict of interest.
Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
The fate of Indian Premier League teams -- Chennai Super Kings and Rajasthan Royals -- will be known on Tuesday when the Supreme Court-appointed high-level Committee headed by former Chief Justice of India R M Lodha will pronounce the quantum of punishment against their franchisees and their team officials Gurunath Meiyappan and Raj Kundra for betting during the sixth edition of the T20 tournament in 2013.
A flavour-of-the-season approach does not work in investing, suggests Deepesh Raghaw.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
'NiMo having skipped, the next best bet is a high-profile banker.' 'Ms Usha happens to be in the wrong place at the wrong time.' 'Ms Usha's crime? That's as thin as it gets.'
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
Match-fixing bill passed unanimously and a match-fixer in New Zealand could face up to seven years in prison.
A common factor that binds all these men is greed.
Claiming to have been vindicated after the Supreme Court barred N Srinivsan from contesting BCCI Presidential elections owing to conflict of interest, sacked IPL commissioner Lalit Modi said the verdict will clean up corruption in the game.
The Supreme Court said purity of cricket has to be maintained and all persons at the helm of its affairs should be above suspicion.
There are times when a customer books a cab and is charged for the ride, but the driver doesn't show up. It is one of the many hacks that cab drivers use.
