Leisure, Lifestyle & Wellness
BCCI’s probe panel for IPL spot-fixing illegal, says Bombay High Court

Just two days back, the probe panel has given a clean chit to Srinivasan, Gurunath Meiyappan, as well as Raj Kundra of Rajasthan Royals in the spot-fixing and betting charges in the IPL cricket tournament

The Bombay High Court on Tuesday held the two-member probe panel set up by it to look into spot-fixing and betting charges in the Indian Premier League (IPL) cricket tournament as illegal and unconstitutional. This is supposed to a severe blow to Board of Control for Cricket in India (BCCI), and its president-in-exile N Srinivasan.


Just two days back, the probe panel in its report gave a clean chit to Srinivasan, his son-in-law and owner of Chennai Super Kings team Gurunath Meiyappan, as well as Raj Kundra, owner of Rajasthan Royals and husband of actor Shilpa Shetty.


A Division Bench of Justices SJ Vazifdar and MS Sonak while allowing a public interest litigation (PIL) filed by the Cricket Association of Bihar and its secretary Aditya Verma, said the constitution of the probe panel was 'illegal and unconstitutional'.


The PIL challenged the constitution of the two-member commission, set up by the BCCI and IPL Governing Council to probe allegations of betting and spot fixing.


The petition alleged blatant bias by former BCCI President Srinivasan in the light of mounting allegations against himself and in constituting the probe panel as he is the vice-chairman and managing director of India Cements Ltd, which owns the IPL team — Chennai Super Kings.


The PIL urged the court to direct BCCI to recall its order constituting the probe panel and instead the court shall form a panel of retired judges as it may deem fit to hold inquiry against Meiyappan, India Cements Ltd and Jaipur IPL Cricket Pvt Ltd with regard to their involvement in spot-fixing and betting.


Hackers bring down website of New Zealand PM

The hacktivist group was protesting the plans to allow New Zealand's intelligence agency to spy on local residents

Anonymous, the hacker-activist (hacktivist) group on Tuesday briefly crashed website of New Zealand Prime Minister John Key. The hacktivist group was protesting the plans to allow New Zealand's intelligence agency to spy on local residents.


A group identifying itself as Anonymous NZ posted a clip on YouTube saying it had attacked Key’s website www.johnkey.co.nz and 12 others linked to the ruling National Party to show its opposition to 'a despicable piece of legislation'.


“John Key make no mistake the majority of New Zealanders oppose this bill. Due to your own arrogance and your unwillingness to listen to the people we have decided to take direct action,” the group said in a message posted on the site.


New Zealand’s intelligence service, the Government Communications Security Bureau, is currently barred from spying on New Zealand citizens or residents.


The bill is currently before Parliament and expected to pass by a single vote, although groups ranging from the Law Society to Internet giants Facebook and Google have raised concerns about the proposal.


Key’s website was operating normally by afternoon and the prime minister condemned the hackers. Speaking with Radio New Zealand, he said, “(It’s) pretty juvenile behaviour in my view. These people are obviously doing something that’s both illegal and inappropriate. They’re trying to make their own political point, but their point is wrong.”


Key argues the restriction should be removed so it can cooperate more closely with agencies such as the police and military in an increasingly complex cyber-security environment.


Reliance Power Q1 net profit flat at Rs240 crore as sales decline

Reliance Power reported benign earnings for its June quarter due to lower sales off-take. It has also commissioned the 45 megawatt wind plant in Vashpet

Reliance Power Ltd reported a flat net profit for the first quarter to end-June on lower sales. For the quarter to end-June, the Reliance-Anil Dhirubhai Ambani (R-ADA) group company said, its consolidated net profit remained flat at Rs240.06 crore from Rs239.50 crore, while its consolidated net sales declined 1.2% to Rs1,122.85 crore from Rs1,135.75, same period last year.

JP Chalasani, chief executive of Reliance Power, said, “The regulatory approval for selling power on the cost-plus basis from the 600 megawatts (MW) Butibori power project would page the way for substantially mitigating the sectoral challenges such as fuel and commercial risk for the plant and I am confident of improved performance once the off-take commences.”

During the quarter, the company commissioned the 45MW wind project in Vashpet. The company also generated a record 20 million units at its Dhursar solar plant. Meanwhile, its 1,200MW Rosa power plant operated at an availability of 100% at a plant load factor of 72%.

The company said that the construction activities are in progress for the second 660MW unit of the 3,960MW Sasan ultra mega power plant (UMPP) and the project is on track to be commissioned ahead of bid schedule. Similarly, the construction work is in full swing at the 100MW concentrated solar power project in Dhursar, Rajasthan, the R-ADA group company said.

Reliance Power closed Tuesday 3.5% down at Rs72.3 on the BSE, while the 30-share Sensex ended the day 1.3% down at 19,348.




4 years ago



4 years ago

Reliance Power's Q1 Net flat due to drop in coal prices

Power Generators profit should go up on lower coal prices, is there something wrong?


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