Reuters Market Eye - The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday. Earnings will be key, with Coal India Ltd , State Bank of India Ltd and Jet Airways Ltd set to report next week. Investors will also be eyeing whether strong foreign buying continues. Overseas investors were net buyers for 21 consecutive sessions as of Thursday, bringing their net purchases for the year to about $13 billion, according to regulatory data. ...
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- Warne says IPL spot fixing scandal 'kick in the teeth' for cricket ANI
Australian spin great Shane Warne has said that the Indian Premier League spot-fixing scandal felt like a kick in the teeth for the game of cricket. More »
- Shots fired at Cannes film festival, actors flee for cover Reuters
A man was arrested at the Cannes film festival on Friday after firing a starting pistol during a live TV broadcast on the palm-lined waterfront, sending actors More »
- Aarushi Murder Case: Rajesh Talwar deposes before Ghaziabad court ANI
Accused of killing his 16-year-old daughter Aarushi in the month of May 2008, Dr, Rajesh Talwar, a dentist, deposed before the designated court at Ghaziabad, Uttar More »
- Supreme Court says will not interfere in functioning of GoM on CBI autonomy ANI
The Supreme Court has refused to interfere in the functioning of the Group of Ministers (GoM) examining the issue of CBI's autonomy. More »
- 'Saddened' Gilchrist demands life bans for 'IPL spot-fixers' if found guilty ANI
Australian legend Adam Gilchrist has expressed his disappointment at the spot-fixing scandal of the Indian Premier League and has demanded life bans for the More »
- CBI to move Supreme Court next week to seek removal of 'tainted' officer ANI
The Central Bureau of Investigation (CBI) has said that it will approach the Supreme Court on Monday with a petition to remove from service its own Superintendent More »
- Manmohan Singh only power centre in UPA Govt.: Digvijay Singh ANI
Congress general secretary Digvijaya Singh has said that Prime Minister Manmohan Singh is the only power-centre in the UPA Government and calls all shots. More »
- Former Bihar MP Pappu Yadav acquitted in Sarkar murder case ANI
Controversial former Rashtriya Janata Dal (RJD) Member of Parliament Pappu Yadav was acquitted Friday by the Patna High Court in connection with the 1998 murder of More »
- Fergie slams Man City for 'not so surprising' Mancini sacking ANI
Retiring Manchester United boss Sir Alex Ferguson has criticised arch rivals Manchester City for sacking Roberto Mancini from the post of manager, although he More »
- ATM heist: India's IT sector in unwelcome spotlight Reuters
By Swati Pandey and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation. Global banks that ship work to be processed in India, either in-house or to big IT services vendors, were already under pressure to step up oversight of back-office functions after a series of scandals last year. Last week, U.S. ...
- Real and Mourinho contemplate "disastrous" season Reuters
By Iain Rogers MADRID (Reuters) - Real Madrid and Jose Mourinho were sifting through the debris of what the Portuguese coach termed a "disastrous" 2012-13 campaign after Friday's King's Cup final defeat left the world's richest club without a major trophy for the season. The 2-1 reverse to Atletico Madrid at their own Bernabeu stadium meant Mourinho, widely expected to move on at the end of this term, finished a season without significant silverware for the first time in his otherwise glittering career. ...
- Tata Motors subsidiary issues $280 mln senior notes Reuters
MUMBAI (Reuters) - Tata Motors Ltd said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million of senior notes due 2018. The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel conglomerate Tata Group, said in a statement on Saturday. Net proceeds from the issue will be used to redeem preference shares issued to Tata Motors and for general corporate purposes, the company said. ...
- Dane Hoyer Larsen elected BWF president Reuters
By Angie Teo KUALA LUMPUR (Reuters) - Badminton's world governing body (BWF) will create a separate commission to deal with match-fixing problems, Poul-Erik Hoyer Larsen said after being elected president on Saturday. Denmark's 1996 Olympic men's singles gold medallist Hoyer Larsen beat Indonesian Justian Suhandinata to claim the role after an election at the BWF headquarters in Kuala Lumpur. The 47-year-old, the only European to win a badminton gold at the Olympics, will replace South Korea's Kang Young-joong who vacated the post after eight years at the helm. ...
- France's Hollande's signs gay marriage law Reuters
PARIS (Reuters) - French President Francois Hollande has signed into law a bill allowing same-sex marriage, making France the 14th country to legalise gay weddings. France's official journal announced on Saturday the bill had become law after the Constitutional Council gave it the go-ahead on Friday. The bill, a campaign pledge by the Socialist president, has been for months hotly contested by many conservatives in France, where allowing gay marriage is one of the biggest social reforms since abolition of the death penalty in 1981. ...
- Suspected Islamist gunmen assassinate Yemeni colonel Reuters
ADEN (Reuters) - Gunmen shot dead a senior Yemeni military intelligence officer who had been targeted for assassination by al Qaeda-linked militants, a local security official said. Colonel Abdullah al-Rabaki was walking home in the city of Mukalla in Hadramawt Province late on Friday when the gunmen shot him six times with a revolver fitted with a silencer, the official said. They escaped on a motorbike. Leaflets from Islamist militants allied to al Qaeda had previously been circulated in the city on Yemen's south coast, calling for Rabaki's assassination, the official said. ...
- France's Hollande's signs gay marriage bill into law Reuters
PARIS (Reuters) - French President Francois Hollande has signed into law a bill allowing same-sex marriage, making France the 14th country to legalise gay weddings. France's official journal announced on Saturday that the bill had become law after the Constitutional Council gave the go-ahead on Friday. The bill, a campaign pledge by the Socialist president, has been hotly contested in France where allowing gay marriage is one of the biggest social reforms since abolition of the death penalty in 1981. ...
- North Korea fires three short-range missiles Reuters
SEOUL (Reuters) - North Korea fired three short-range missiles from its east coast on Saturday, South Korea's Defence Ministry said, but the purpose of the launches was unknown. Launches by the North of short-term missiles are not uncommon, but the ministry would not speculate whether these latest launches were part of a test or training exercise. "North Korea fired short-range guided missiles twice in the morning and once in the afternoon off its east coast," an official at the South Korean Defence Ministry spokesman's office said by telephone. ...
- Hopes fade for those still trapped in Freeport Indonesia mine Reuters
JAKARTA (Reuters) - Freeport McMoRan Copper & Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing. Freeport closed the world's second largest copper mine on Wednesday, a day after a tunnel fell in on 38 workers undergoing training. Five are known to have died. Several of the 10 rescued are still in hospital. The Grasberg mine in West Papua is in one of the most remote regions of the Indonesian archipelago. ...
- Tata Tele (Maharashtra) share sale cancelled Reuters
NEW DELHI (Reuters) - Tata Sons Ltd, the promoter of Tata Teleservices (Maharashtra) Ltd , cancelled a share auction it had launched in the telecommunications carrier on Friday after most bids were below a floor price set by the company. Tata Sons had planned to sell 51.6 million shares or a 2.7 percent stake in the phone company and increase the public holding to 25 percent in line with rules issued by the stock market regulator. ...
- Northeast Japan jolted by M5.9 quake, no tsunami warning Reuters
TOKYO (Reuters) - An earthquake with a preliminary magnitude of 5.9 jolted northeastern Japan on Saturday, but no tsunami warning was issued, the Japan Meteorological Agency said. Tokyo Electric Power Co's two nuclear plants in Fukushima reported no new irregularities after the quake, Kyodo news agency said. Onagawa nuclear plant in Miyagi prefecture further north also detected no irregularities, operator Tohoku Electric Power Co said. In Miyagi prefecture, where the shaking was the strongest, there were no information on injuries, Kyodo added. ...
- Australia to investigate Warner's Twitter rant Reuters
(Reuters) - Cricket Australia is to investigate an extraordinary Twitter outburst by opening batsmen David Warner that attacked two senior Australian cricket journalists. The 26-year-old Warner criticised News Limited journalists Robert Craddock and Malcolm Conn in an expletive-filled tirade, which has created headlines in Australia. "Cricket Australia is aware of comments made on David Warner's Twitter account overnight," Cricket Australia said in a statement on Saturday. "Cricket Australia is attempting to contact Warner and will continue to investigate the matter. ...
- EXCLUSIVE - EU cites Chinese telecoms Huawei and ZTE for trade violations Reuters
By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ...
- Amid frenzy over map apps, new focus on 16th century world view Reuters
By Deborah Zabarenko WASHINGTON (Reuters) - As online titans compete to deliver instant maps to smartphones, the Library of Congress in Washington is focusing attention on an antique "cosmology" printed in 1507 that serves as America's birth certificate. The black-and-white map created by Martin Waldseemuller, a French cleric, was the first time the name America had appeared on any map. Waldseemuller was prescient enough to show the Rocky Mountains and the Pacific Ocean at a time when no one else in Europe thought they were there. ...
- SBI's overseas business margins under pressure: Chairman IANS
Kolkata, May 18 (IANS) Public sector lender State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the lender's margins in overseas business were under pressure.
- UP murder suspect dies due to acid injection, 3 suspended IANS
Lucknow, May 18 (IANS) A murder suspect was given injections of acid and kerosene during police questioning in Uttar Pradesh, following which he fell sick and died in a hospital here. Three errant policemen were suspended, an official said Saturday.
- Punjab, Haryana stare at lower wheat arrivals IANS
Chandigarh, May 18 (IANS) What was supposed to be a bumper crop with a record target for wheat procurement has turned out to be a dampener with much lower quantities of wheat arriving in grain markets across Punjab and Haryana - the country's breadbasket.
- Sensex rallies for 5th straight week; up 164 points IANS
Mumbai, May 18 (IANS) Key indices of Indian equities markets rallied for the fifth week in a row, with the benchmark Sensex gaining 164 points in the weekly trade as a sharp drop in inflation boosted hopes of an early rate cut by the Reserve Bank of India.
- Ritu Beri gives thumbs up to Vidya, Sonam's Cannes look IANS
New Delhi, May 18 (IANS) Bollywood actress Vidya Balan and Sonam Kapoor may have received a mixed reaction for their red carpet appearances at the 66th Cannes International Film Festival but world renowned fashion designer Ritu Beri feels proud about their ensemble selections.
- BAI president elected to BWF Executive Council IANS
New Delhi, May 18 (IANS) Badminton Association of India (BAI) president Akhilesh Das Gupta was Saturday elected to the Badminton World Federation (BWF) Executive Council by a record number of votes in the quadrennial elections at Kuala Lumpur.
- George Michael out of hospital IANS
London, May 18 (IANS) Singer George Michael, who was hospitalised after he suffered a head injury following a severe car crash, has been discharged.
- Saradha Group promoter sent to judicial custody till May 31 IANS
Kolkata, May 18 (IANS) Rejecting the bail plea of Saradha Group promoter Sudipta Sen and one of his close aides, a local court in West Bengal Saturday remanded them to judicial custody.
- Stressful job might take life IANS
London, May 18 (IANS) A stressful job can change the way body handles fat, resulting in raised cholesterol levels and even a heart disease, almost fatal for anyone.
- North Korea launches three missiles IANS
Seoul, May 18 (IANS) North Korea Saturday launched three short-range guided missiles into the Sea of Japan, Yonhap News Agency reported, citing South Korea's defence ministry.
- Ashmit was never my friend: Veena Malik IANS
Mumbai, May 18 (IANS) Pakistani actress Veena Malik, who was linked to actor Ashmit Patel post their "Bigg Boss 4" stint, says he was never her friend and that she only believes in maintaining friendship with her career.
- PM to attend SEBI silver jubilee May 24 IANS
Mumbai, May 18 (IANS) Prime Minister Manmohan Singh will attend the silver jubilee celebrations of market regulator Securities and Exchange Board of India (SEBI) here Friday, an official said here.
- 'Ishkq In Paris' has scenes from Preity, director's life IANS
Mumbai, May 18 (IANS) Bollywood actress Preity Zinta says certain scenes in "Ishkq in Paris" are inspired by her life. The film also has bits from director Prem Raj's life.
- Indians to field first against Kings XI IANS
Dharamsala, May 18 (IANS) Mumbai Indians won the toss and elected to field against Kings XI Punjab in their Indian Premier League (IPL) clash here at the Himachal Pradesh Cricket Association Stadium here Saturday.
- Siddaramaiah expands ministry, leaves out 'mining-tainted' aspirants IANS
Bangalore, May 18 (IANS) Karnataka Chief Minister Siddaramaiah Saturday inducted 28 members into his five-day-old ministry, keeping out two strong but mining-scam hit aspirants for cabinet berths.
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