Indian American Vivek Ranadive buys US basketball team
by IANS
Washington: Indian American software magnate Vivek Ranadive, who has become the first person of Indian descent to become the owner of a major US basketball team, plans to build the Sacramento Kings into a global brand. "It's going to be exciting," he told the USA Today after securing an agreement to buy 65 percent of the Kings from the Maloof family for a National Basketball Association (NBA) league-record valuation of...  
11:14 PM, May 17, 2013

Spot-fixing scandal is like a kick in the teeth: Warne Melbourne: Spin legend Shane Warne says the ongoing Indian Premier Legaue spot-fixing scandal is like a "kick in the teeth" for cricket. Indian pacer Sreesanth and two other bowlers from Rajasthan Royals team were arrested in a post-midnight operation in Mumbai on Thursday by Delhi Police for spot-fixing IPL matches for payments of up to Rs 60 lakhs just for giving away pre-determined number of runs in an over. "This...  
11:02 PM, May 17, 2013

Odisha chit fund scam: BJP rejects Cong demand for CBI probe Bhubaneswar: With investors across Odisha demanding action against the chit fund companies which duped them of crores of rupees, opposition BJP and Congress on Friday respectively demanded judicial probe and CBI investigation into the matter. "As one chief of an accused chit fund company has said that some ministers and MLAs are hand-in-glove with him to cheat people, the government must reveal their names and announce a judicial probe into...  
11:01 PM, May 17, 2013

The Last Word: Is the govt right to seek conciliation to resolve the Vodafone problem?

Aam Aadmi Party (AAP) National Convener Arvind Kejriwal on Wednesday attacked Law Minister Kapil Sibal over Vodafone tax case and said all the corrupt ministers have joined the Group of Ministers on CBI autonomy. ...
10:48 PM, May 17, 2013

Spurs minus Champions League still big draw: Villas-Boas Tottenham Hotspur will still be able to attract top players even if they do not qualify for next year's Champions League, manager Andre Villas-Boas said on Friday. The north London club's hopes of qualifying are hanging in the balance with them needing to win their final Premier League match of the season at home to Sunderland on Sunday while hoping bitter rivals Arsenal fail to beat Newcastle United. Tottenham, who...  
10:41 PM, May 17, 2013

Greater Noida: Woman allegedly killed for dowry Greater Noida: A newly-married woman was burnt to death allegedly by her in-laws in Jarch area in Greater Noida. Five persons, including her husband, have been booked, police said, adding that they are absconding. According to the complaint filed by father of the twenty-year-old Renu, she got married to one Dushyant in April 2012. Since her marriage, she was constantly being harassed by her husband and in-laws. Her father Deshraj...  
10:40 PM, May 17, 2013

News 360: 2 more RR players under the radar over spot-fixing

Sources said that one of the two players is an Indian while the other is an international player. ...
10:38 PM, May 17, 2013

IPL 6 spot-fixing: If found guilty, ban them for life, says Adam Gilchrist Mohali: Australian cricket great Adam Gilchrist has called for life bans if the players arrested for their alleged role in spot-fixing in the ongoing IPL are found guilty. "For my mind, any player found involved in any implications where they are proven that they have handled illegal bookmakers' bets or whatever, there is no place for them in the game whatsoever ever again. It's so clear now, we are so...  
10:32 PM, May 17, 2013

Spot-fixing scandal has caused immense distress: RR CEO Jaipur: Rajasthan Royals' CEO Raghu Iyer said the arrest of three of its cricketers for alleged role in spot-fixing in the ongoing IPL has caused "immense distress" to everyone associated with the franchise. "All of the Rajasthan Royal owners, management, captain, coach and players and staff are shocked and disappointed at the entire situation which has caused immense distress to us all," Iyer said in a statement. Errant Indian pacer...  
10:26 PM, May 17, 2013

Dancer says showgirls dressed as Obama, nuns at Berlusconi party Milan: The nightclub dancer at the centre of former Italian Prime Minister Silvio Berlusconi's "bunga bunga" sex trial told a court on Friday that guests at the media tycoon's parties dressed as nuns, nurses and US President Barack Obama. Karima El Mahroug, better known by her stage name "Ruby the Heartstealer", spoke as a witness in a trial at which talent scout Lele Mora, television anchor Emilio Fede and former...  
10:20 PM, May 17, 2013

Thane building collapse: Court refuses bail to officials Thane: A local court on Friday rejected the bail applications of four officials of Thane Municipal Corporation in a case related to last month's building collapse in the district in which 74 persons were killed. Judge KR Warrier said as the probe was on and the chargesheet was yet to be filed, bail can not be granted. He rejected the applications of Deputy Municipal Commissioners Deepak Chavan and Srikant Sarmokadam,...  
10:17 PM, May 17, 2013

Vivian Fernandes

Espresso Economics |

A 19 October, 2011 circular of the National Housing Bank says no penalty or fee for prepayment of home loans can be charged, provided the ...
10:16 PM, May 17, 2013

Food Security Bill a half-hearted attempt: BJP New Delhi: BJP on Friday made clear its reservation over the Food Security Bill being keenly pushed by the government, saying it is a "half-hearted attempt", and hit back at Rahul Gandhi for saying opposition was stalling it. Till now BJP had said it was disrupting Parliament in the second phase of the Budget session due to more pressing matter of resignation of two Union ministers - PK Bansal and...  
10:11 PM, May 17, 2013

CBI officer caught taking bribe of Rs 15 lakh New Delhi: A Central Bureau of Investigation (CBI) official, who is also the Chief Investigating Officer probing the coal block allocation scam, was caught taking a bribe of Rs 15 lakh on Friday. The CBI Internal Intelligence Unit nabbed Vivek Dutt in an operation that was personally supervised by the agency's director Ranjit Sinha. However, CBI sources said the bribe is not related to the coal scam. Rs 15 lakh...  
10:08 PM, May 17, 2013

Full text: Rajasthan Royals statement on IPL spot-fixing New Delhi: The Rajasthan Royals team on Friday issued a statement on the IPL spot-fixing incident involving three of its key players, including top bowler S Sreesanth. The statement said the team management, the coach, captain Rahul Dravid, players and staff were "shocked and disappointed at the entire situation". The statement added that the team has launched an internal probe into the matter. Below is the full text of the...  
09:41 PM, May 17, 2013

BJP seeks to keep 2G issue alive in PAC New Delhi: With the 2G spectrum issue getting caught in logjam in the JPC, the BJP on Friday sought to bring the matter to the forefront of Parliament's Public Accounts Committee saying the matter is pending and should be disposed of. The demand to settle the pending issue came at the first meeting of the newly-constituted PAC. BJP member Prakash Javadekar raised the issue of PAC's draft report on 2G...  
09:35 PM, May 17, 2013

Chargesheet in 2000 match-fixing soon: Delhi Police
by IANS
New Delhi: Riding high after the arrest of three cricketer, including India fast bowler S Sreesanth, in spot-fixing in Indian Premier League (IPL), Delhi Police are still struggling to file a chargesheet 13 years after having exposed the murky world of match-fixing in 2000. The cricketing world was shocked in 2000, when Delhi Police named the then South African captain Hansie Cronje, who died later, his team mates Herschelle Gibbs...  
09:30 PM, May 17, 2013

Day 2: How the IPL 6 spot-fixing crisis unfolded New Delhi: The second day of the spot-fixing crisis that threatens to tarnish the credibility of the Indian Premier League (IPL) and Indian cricket saw several shocking details emerge during the interrogation of the arrested Rajasthan Royals players, Sreesanth, Ajit Chandila, Ankeet Chavan and Amit Singh. Here's a breakdown of Friday's major developments. Sreesanth confesses to spot-fixing, say sources After initially being defiant, Sreesanth, the fast bowler who has played...  
09:29 PM, May 17, 2013

Cong top brass discusses way ahead on Food Security Bill New Delhi: Congress top brass, including Prime Minister Manmohan Singh and party chief Sonia Gandhi, on Friday deliberated on the way ahead on the issue of Food Security Bill. All options were considered, was the response of party sources who said no decision has been taken about the future course of action on the ambitious legislation as also on the Land Acquisition Bill. Food Minister KV Thomas was specially invited...  
09:28 PM, May 17, 2013

Gavaskar wants senior players to educate youngsters New Delhi: Former captain Sunil Gavaskar on Friday suggested that BCCI should approach senior players such as Sachin Tendulkar and MS Dhoni to bring about improvements in system so that youngsters could be stopped from going astray. "What the BCCI can do is to ask the guys on the ground, guys like Dhoni, Tendulkar, Kumble and Dravid. They should come together because they know what was exactly happening on the...  
09:05 PM, May 17, 2013