first_imgDREAM TEAM: (From left) Dravid, Kumble, Akram and Younis will represent AsiaThe stunning millennium stadium in Wales, originally meant for soccer and rugby, is becoming an increasingly popular venue for another unlikely sport: international indoor cricket or power cricket.The retractable roof allows play in England’s unpredictable weather, which is why,DREAM TEAM: (From left) Dravid, Kumble, Akram and Younis will represent AsiaThe stunning millennium stadium in Wales, originally meant for soccer and rugby, is becoming an increasingly popular venue for another unlikely sport: international indoor cricket or power cricket.The retractable roof allows play in England’s unpredictable weather, which is why DP Cricket, a sports marketing agency, is planning a power cricket tournament on January 25 and 26 between Asia and the Rest of the World.Asia will comprise six Pakistani and six Indian players, including Wasim Akram, Waqar Younis, Inza-mam-ul-Haq, Azhar Mahmood and Shahid Afridi from Pakistan, and Anil Kumble, Rahul Dravid, Mohammed Kaif, Yuvraj Singh, Dinesh Mongia and Virender Sehwag from India.The Rest of the World team will include Courtney Walsh, Stephen Fleming, Nathan Astle and Lance Klusener. It doesn’t get better than this. Last year’s match – when it was held for the first time – lived up to expectations.Says Walsh, former West Indies captain: “I am delighted to play in the international indoor matches at the Millennium Stadium. I have fond memories of playing Test and county cricket in England – but not the time spent in pavilions waiting for the rain to stop. Indoor cricket guarantees action for players and fans alike, and is an exciting way forward.”Exciting or not, the shorter version of one-day cricket is certainly gaining popularity. Each game lasts approximately five hours and in power cricket rain never stops play.last_img read more

first_imgA Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration HONG KONG (Reuters Breakingviews) – The boring Hong Kong dollar has been more exciting of late. A couple months after a U.S. hedge fund manager targeted the currency, it is moving sharply. Two giant upcoming stock sales are a major factor, but the recurring phenomenon flags a peculiarity of the system. Since late May, Hong Kong’s dollar has been on a relative tear for a currency that trades in a narrow band against the U.S. dollar, to which it is pegged. It touched its strongest level in two years last week. The three-month Hong Kong Interbank Offered Rate ticked up to 2.7%, outstripping the equivalent U.S. dollar Libor rate of 2.3%. At least some of the buzz can be chalked up to brewer Anheuser-Busch InBev’s Asian business seeking to raise nearly $10 billion in Hong Kong. Alibaba is also eyeing a listing on the local exchange that could pull in another $10 billion. Previous share offerings, including China Literature’s heavily subscribed one in 2017, have caused similar rate bounces. The two mega-deals come during peak dividend season for Hong Kong-listed Chinese companies; they’ll fork out almost $19 billion in July, Morgan Stanley analysts estimate. The upshot is that many of the city’s dollars are being snapped up at once. It’s a reminder of a local oddity. Issuers descend on the city to flog securities denominated in local dollars to investors who also hail from abroad. When combined with Hong Kong’s outsized financial sector – the $4 trillion total market capitalisation is more than 1,000% of local GDP, compared to about 150% for the United States, according to World Bank data – it means an occasional scramble for the money. There’s no obvious immediate threat to the peg. The sharp movements do, however, provide a reminder of Joseph Yam’s warning about how Chinese capitals flows could cause volatility to become more pronounced and even dangerous. The former head of Hong Kong’s de facto central bank said it is “unrealistic” to expect a currency designed for a 7-million-person economy to service the international investing needs of more than a billion people. Being a financial gateway has its rewards, but also some potentially mounting risks.BreakingviewsReuters Breakingviews is the world’s leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.last_img read more

first_imgThe Supreme Court of India (file photo)   –  RAJEEV BHATT Published on SHARE SHARE EMAIL COMMENT COMMENTS May 06, 2019 Tamil Nadu The Supreme Court, on Monday, stayed the disqualification proceedings against two AIADMK MLAs, who were served notice by the Tamil Nadu Assembly Speaker for allegedly indulging in “anti-party” activities.The notices were served under the anti-defection law.Also read: TN Assembly Speaker issues notice to 3 pro-Dhinakaran AIADMK MLAsA bench of Chief Justice Ranjan Gogoi and Justice Deepka Gupta also issued notices on the plea filed by two AIADMK MLAs V T Kalaiselvan and E Rathinasabapathy. “Notice. Stay of proceedings,” the bench said.Also read: TN Speaker Dhanapal can’t act against AIADMK MLAs, says StalinOn April 30, A Prabhu (Kallakurichi), Kalaiselvan (Vriddhachalam) and E Rathinasabapathy (Aranthangi) were served notices by Assembly Speaker P Dhanapal, seeking an explanation for allegedly siding with Amma Makkal Munnetra Kazhagam (AMMK) leader TTV Dhinakaran.Out of the three MLAs, two lawmakers have approached the Supreme Court challenging the notice served to them. SHARE DMK AIADMKlast_img read more

first_imgMadhya Pradesh: Prisoner gets 1-year jail for attacking inmate over comment on Honeypreet InsanA court in Sagar district of Madhya Pradesh has sentenced a prisoner to one year in jail for attacking an inmate during an argument over Honeypreet Insan, the adopted daughter of jailed Dera Sacha Sauda chief Gurmeet Ram Rahim Singh.advertisement Press Trust of India SagarJuly 13, 2019UPDATED: July 13, 2019 19:50 IST A court in Madhya Pradesh sentenced a prisoner to one year in jail for attacking an inmate during an argument over Honeypreet Insan. (File Photo)HIGHLIGHTSA court in Sagar district of Madhya Pradesh has sentenced a prisoner to one year in jailThe prisoner has been sentenced for attacking an inmate over an argument on Honeypreet InsanHoneypreet Insan is the adopted daughter of jailed Dera Sacha Sauda chief Gurmeet Ram Rahim SinghA court in Sagar district of Madhya Pradesh has sentenced a prisoner to one year in jail for attacking an inmate during an argument over Honeypreet Insan, the adopted daughter of jailed Dera Sacha Sauda chief Gurmeet Ram Rahim Singh.On September 27, 2017, Mukesh Raikwar (26) had attacked fellow prisoner Pratap Rajput in Sagar’s Central Jail with a tin dustbin after the latter spoke ill of Insan while watching television news about Rahim Singh’s conviction for rape in Panchkula in Haryana, said District Prosecutor’s Media In-charge Brajesh Dixit.”Rajput said Insan would have to pay the price for her misdeeds. This irked Raikwar who attacked Rajput. The jail authorities lodged a case against Raikwar in Gopalganj Police Station,” he said.On Friday, First Class Judicial Magistrate Karnal Singh Shyam sentenced the accused to one year in jail under section 324 (causing hurt by dangerous weapons or means) of the IPC, Dixit said.ALSO READ | MP government set to boost job opportunities up to 70% for youthALSO READ | Ram Rahim’s Honeypreet Insaan has no money to hire lawyerALSOWATCH | Jaipur minor rape: CCTV footage shows abduction of 7-year-old girlFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byPrakriti Sharma Nextlast_img read more