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IPL 5: Kolkata Knight Riders swamp Mumbai India by 32 runs at Wankhede

Wed, 16 May 2012 18:50:00 GMT

Mumbai: Kolkata Knight Riders dished out a clinical bowling performance to beat Mumbai Indians comprehensively by 32 runs and virtually seal a berth in the four-team play-offs of IPL 5 at Wankhede stadium on Wednesday.

VIEW SCORECARD: MUMBAI VS DELHI

Chasing a modest 141, MI lost wickets at regular intervals after being 60 for one to be shot out for 108 in 19.1 overs, their second lowest total of the season after the paltry 92 made against Delhi Daredevils at this venue.

West Indian off-spinner Sunil Narine was unplayable and pushed MI to the brink with a superb haul of four for 15.

Narine was well-supported by Laxmipathy Balaji (2 for 11) and Jacques Kallis (2 for 42), while left arm spinners Shakib Al Hasan and Iqbal Abdulla too did their bit with a wicket each.

MI batsmen made a hash of what appeared to be a gettable score at the Wankhede Stadium and again the dismissal of their icon Sachin Tendulkar for 27 in the 11th over triggered a sharp collapse, which saw the home team lose their last eight wickets for just 48 runs.

The MI batsmen struggled against the varied KKR attack on a wicket that possessed no devil like in the past but provided some appreciable bounce to the spinners.

The victory helped KKR to take the second spot behind table leaders Delhi Daredevils with 19 points, while MI remained third on 18 points ahead of their final game against Rajasthan Royals at Jaipur on May 20.

KKR will face Pune Warriors in their final league game at Pune on Saturday.

Apart from Tendulkar, who hit three fours and a six in 24 balls, Dinesh Kartik (21), Rohit Sharma (12) and Ambati Rayudu (11) got starts but failed to bring Mumbai to the finishing line.

Earlier, Rudra Pratap Singh bagged two wickets in as many balls in his first over as MI restricted KKR to a modest 140 for seven.

Seeking a victory to seal a play-off berth, MI were on top from the time skipper Harbhajan Singh opted to field after winning the toss as their bowlers, led by R P Singh, kept the rival batsmen on a tight leash.

There was little of note in KKR's innings, which never kept going after the loss of opener Brendon McCullum and Jacques Kallis in successive balls to R P Singh.

Skipper Gautam Gambhir made 27 off 23 balls with a six and three fours, while Manoj Tiwary scored an attractive 41 off 43 balls with two sixes and as many fours before both threw away their wickets.

The lower order batsmen tried their bit and managed to add 46 runs in the last five overs, with Yusuf Pathan making an unbeaten 21 in 21 balls with two fours, but the score looked below par on a track that looked good for batting.

For MI, who had lost their previous home game to Royal Challengers Bangalore by a big margin, R P Singh led the bowling honours with figures of two for 33 while Lasith Malinga, Munaf Patel, Kieron Pollard and Dwayne Smith all picked up a wicket apiece.

MI began the run-chase sedately with Herschelle Gibbs and Tendulkar playing it safe. The latter was a bit fortunate when umpire Billy Doctrove did not uphold a confident shout for a leg before by left arm spinner Shakib Al Hasan, who opened the attack with Laxmipathy Balaji.

Tendulkar struck his first four only in the fifth over off Narine and then swept Iqbal Abdulla for a four. But off the last ball of the power play he lost his partner Gibbs, who went for a leg-side heave off Abdulla and was rapped on the pads in front.

Karthik, promoted to number three position in place of Rohit Sharma, looked in fine nick as he pulled and flicked Kallis for successive fours off the first two balls he faced while at the other end Tendulkar glided a short ball from the burly South African all-rounder over third man for a six to raise the team's 50 in the ninth over.

West Indian Narine scalped Tendulkar in his second spell by deceiving the master batsman with a gem of a delivery that first went away but spun back sharply to castle the stump.

Balaji soon scalped his Karthik by baiting the batsman with a short ball that he pulled to deep fine leg fielder Yusuf Pathan as MI lost two wickets for six runs in 12 balls.

Rohit Sharma, who had notched a brilliant unbeaten 109 at when the two sides met last Saturday in Kolkata, and Rayudu then tried to push the MI score along.

Rayudu showed his aggressive intent by stepping out and carting Abdulla over the long on region for a six early on. At the end of the 15th over, MI needed 61 more runs from 30 balls.

The mounting asking rate forced Rayudu to step out pre-determinedly against Shakib who bowled wide to have him stumped yards out for nine.

Big-hitting Kieron Pollard hit Shakib for a boundary soon after his arrival.

Sharma hit a glorious off-drive for four off Kallis in the next over before the South African sent back Pollard and Dwayne Smith off successive balls to push MI to the brink.

Pollard feathered a catch behind the stumps off a short ball and off the next ball Smith was trapped leg before with an incoming ball by Kallis to leave the home team at a precarious 96 for six.

Two balls later it was the turn of MI captain Harbhajan Singh to depart, caught in the deep off Narine.

The rest of the batsmen were no match as Narine sent back Rohit Sharma and R P Singh while Balaji accounted for Lasith Malinga to bring a quick end.

Efarlier, KKR were rocked on the back foot by R P Singh who packed off McCullum (1) and Kallis (0) off successive balls in his first over, and the innings' second.

While McCullum got the wrong end of a dubious umpiring decision, Kallis had his off stump uprooted by a peach of a delivery from R P Singh.

R P Singh was denied a hat-trick by Manoj Tiwary, but the scoring rate fell down because of these two quick wickets.

Gambhir, who began with a superb straight drive off the first ball of the match from Munaf Patel, was a bit fortunate not to have been dismissed on nine as he was dropped by Sachin Tendulkar at third man fence off R P Singh.

MI struck another major blow soon after the end of the strategic time-out when Pollard packed off Gambhir with a ball that held its line and took the top of his off stump.

Gambhir's stand of 38 in 42 balls for the third wicket with Tiwary helped the visitors steady their ship.

Tiwary was, however, lucky when umpire Billy Doctrove did not uphold a confident caught behind appeal by Dinesh Karthik off Pollard.

At the half-way stage of their allotted overs, the visitors had moved up to 54 for three.

The 12th over, third by Harbhajan Singh, proved fruitful for KKR when it yielded 14 runs with Tiwary cutting the off-spinner for a four and then lofting him for a six.

The Bengal batsman then stepped out to smack Malinga for a huge six over the sight screen in the next over.

At the other end, Shakib-al Hasan played a poor shot and got bowled trying to pull Dwayne Smith to an end the productive 29-ball 45-run fourth wicket partnership with Tiwary.

Tiwary too fell immediately afterwards, caught at long off by Malinga off Munaf's last over as KKR slumped to 91 for five. The foolish run out of Debabrata Das in the next over made life more difficult for the visitors.

Pathan led a charmed life. He top-edged and got a four, was caught off a no-ball and added 29 runs in 16 balls for the seventh wicket with Rajat Bhatia (12) that improved the score.

Teams:

Mumbai Indians: Harbhajan Singh (capt), Herschelle Gibbs, Sachin Tendulkar, Rohit Sharma, Dinesh Karthik, Ambati Rayudu, Dwayne Smith, Kieron Pollard, Lasith Malinga, Rudra Pratap Singh, Munaf Patel.

Kolkata Knight Riders: Gautam Gambhir (capt), Brendon McCullum, Jacques Kallis, Manoj Tiwary, Yusuf Pathan, Debabrata Das, Shakib Al Hasan, Rajat Bhatia, Sunil Narine, Laxmipathy Balaji, Iqbal Abdulla.

(JPN/Agencies)

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IPL 5: Kolkata Knight Riders swamp Mumbai India by 32 runs at Wankhede

Wed, 16 May 2012 18:50:00 GMT

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Bajaj Financial Services to raise Rs 1,000 crore

Wed, 16 May 2012 18:35:00 GMT

New Delhi: Bajaj Group's financial services holding company Bajaj Finserv on Wednesday said it plans to raise about Rs 1,000 crore through issue of securities.

The board has approved a proposal for fund raising through issue of equity shares or securities convertible into equity shares, by way of a qualified institutions placement, private placements, issuance of ADRs, GDRs among others up to an aggregate amount of Rs 1,000 crore, Bajaj Finserv said in a filing on the BSE.

Besides, the board has also approved raising authorised capital of the company from Rs 75 crore to Rs 100 crore.

Meanwhile, the company on consolidated basis posted a net profit of Rs 880.79 crore for the quarter ended March 31, 2012 against Rs 872.58 crore in the same quarter of the previous fiscal.

Total Income rose to Rs 1,752 crore during the quarter against Rs 1,317.28 crore in the same period a year ago.

(Agencies)

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Patni Computer shares to delist from NSE on May 21

Wed, 16 May 2012 18:32:00 GMT

Mumbai: Shares of IT firm Patni Computer Systems will stop trading on the National Stock Exchange (NSE) from May 21, pursuant to a voluntary delisting by the company.

The decision for these changes was announced by the India Index Services & Products Ltd, a joint venture of NSE and Crisil, which manages the various indices at the exchange.

"Securities of Patni Computer System Ltd will be suspended from trading on the NSE with effect from May 21 on account of voluntary delisting pursuant to Sebi (Delisting of equity shares) Regulations, 2009," the statement said.

In addition, the exchange has also decided to exclude Patni's scrip from CNX 200, S&P CNX 500 Index, CNX smallcap index and CNX IT index.

The exchange will include Britannia Industries, SE Investments, Jet Airways (India) and eClerx Services from CNX 200, S&P CNX 500 Index, CNX smallcap index and CNX IT index, it added.

Meanwhile, Arunsalam Jeyakumar today sold 9.90 lakh shares of Patni for Rs 513.44 apiece, valuing the deal to Rs 50.85 crore through an open market transaction.

Last week, BSE had announced to exclude Patni scrip from BSE 200, BSE 500 and BSE Mid cap indices with effect from May 14.

Last month, US-based iGate Corporation had said it will offer Rs 520 per share to shareholders of Patni to get its Indian arm delisted from stock exchanges.

In January, Patni had received shareholders' approval for delisting the company from the Indian bourses and the New York Stock Exchange.

(Agencies)

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Oriflame to launch 200 new products this year

Wed, 16 May 2012 18:30:00 GMT

New Delhi: Oriflame on Wednesday said it plans to launch around 200 new products across various segments, including hair care and fragrances, in India in 2012.

The company, which is present in the country through its wholly-owned subsidiary Oriflame India, has also roped in Bollywood actor Sonali Bendre as its brand ambassador.

"For refreshing the product portfolio this year, 200 products are being launched by the company across segments like fragrances and skin care," Oriflame India Marketing Director Sharmili Rajput told reporters here.

As part of expanding the product portfolio, the company today launched its latest range of makeup products under Oriflame Studio Artist Collection.

Speaking on the development Oriflame India Managing Director Niklas Frisk said, "...we will be looking to significantly increase our two lakh strong family, make further inroads into consumer outreach."

Oriflame markets various products including fragrances and cosmetics through its sales force in 62 countries.

(Agencies)

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CSK aim to seal playoff berth, take on wayward KXIP

Wed, 16 May 2012 18:29:00 GMT

Dharamsala: On a three-match winning streak, Chennai Super Kings will look to seal their play-off berth when they take on an erratic Kings XI Punjab in a crucial preliminary match of the IPL, on Thursday.

The tournament in its final leg, there is a mad scramble to bag the three available spots in the top-four to make the play-off cut after table-toppers Delhi Daredevils became the first team to qualify with 20 points from 14 matches.

Chennai, playing their last league match on Thursday, are on the fourth spot after eight wins and six losses that left their points tally at 17.

Kings XI Punjab also have an outside chance of making the play-offs provided they win both their remaining matches and some results go their way. Punjab are currently seventh in the list with seven wins and an equal number of losses.

Led by stand-in captain David Hussey, KXIP have the daunting task of beating tough teams such as Chennai and Delhi Daredevils.

Opener Mandeep Singh has been the prolific scorer for his team and Australian Shaun Marsh, former Pakistani all-rounder Azhar Mahmood and young South African David Miller too have shown that the home side's batting has depth.

But the defeat against Delhi in the away match would have surely affected the team's morale.

Medium pacers Praveen Kumar, Parvinder Awana and Mahmood who can bat as well, have done a decent job in the bowling department and the team's fielding, too, has improved as the tournament has progressed.

Chennai, on the other hand, have gained momentum as the tournament approaches its business end. They upstaged Kolkata Knight Riders in their previous match and that in front of a packed Eden Gardens.

And Chennai would be eyeing revenge against Kings XI Punjab for handing them a loss in front of their home fans last month.

Teams (from):

Kings XI Punjab: Adam Gilchrist (Capt.), Bipul Sharma, Paras Dogra, Harmeet Singh, Siddharth Chitnis, Love Ablish, Piyush Chawla, Amit Yadav, Parvinder Awana, Stuart Broad, Azhar Mahmood, Bhargav Bhatt, Ryan Harris, Vikramjeet Malik, Paul Valthaty, Sunny Singh, Shalabh Srivastava, Rajagopal Sathish, Nitin Saini, Nathan Rimmington, Abhishek Nayar, David Miller, Mandeep Singh, James Faulkner, Praveen Kumar, Shaun Marsh, Dimitri Mascarenhas, Ramesh Powar.

Chennai Super Kings: Mahendra Singh Dhoni (Capt.), Michael Hussey, Murali Vijay, Suresh Raina, Ravindra Jadeja, Srikkanth Anirudha, Dwayne Bravo, Albie Morkel, Ravichandran Ashwin, Ben Hilfenhaus, Shadab Jakati, Doug Bollinger, Francois du Plessis, George Bailey, Scott Styris, Suraj Randiv, Abhinav Mukund, G Vignesh, Joginder Sharma, Kuthethur Vasudevadas, Subramaniam Badrinath, Sudeep Tyagi, Yo Mahesh and Wriddhiman Saha.

(Agencies)

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GMR Infrastructure raises Rs 200 crore from ICICI Bank

Wed, 16 May 2012 18:28:00 GMT

Mumbai: GMR Infrastructure on Wednesday said it has raised Rs 200 crore through allotment of secured non-convertible debentures to ICICI Bank Ltd.

"... the debenture allotment committee of the board of directors of the company has allotted 2,000 secured non-convertible debentures of face value of Rs 10,00,000 each, aggregating to Rs 200 crore to ICICI Bank on May 16, 2012," it said in a filing to the BSE.

This is the second such fund raising from ICICI Bank by the Hyderabad-based infrastructure firm in the last 3 months.

On February 25, the company had raised Rs 350 crore from the private sector lender by allotting 3,500 non-convertible debentures of face value of Rs 10,00,000 each.

Debenture is a debt instrument that is not secured by physical asset or collateral and is backed only by the general creditworthiness and reputation of the issuer.

Shares of the company today fell 4.80 per cent to close at Rs 19.85 apiece on the BSE.

(Agencies)

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Nokia loses top handset maker position to Samsung

Wed, 16 May 2012 18:25:00 GMT

New Delhi: Korean electronics giant Samsung has dethroned Finnish major Nokia as the top mobile handset maker with sales of 86.6 million units in 2011, research firm Gartner said on Wednesday.

Samsung, with a sales growth of 25.9 percent, had a market share of 20.7 percent in January-March 2012 quarter, while Nokia (with 83.2 million units sold) had a share of 19.8 percent in the same period, Gartner said in a statement.

Nokia's mobile handset sales decreased 22.7 percent from the first quarter of 2011.

Worldwide sales of mobile phones dipped two percent to 419.1 million units in first quarter of 2012, the first time since second quarter of 2009 when the market exhibited a decline.

"Global sales of mobile devices declined more than expected due to a slowdown in demand from the Asia/Pacific region. Q1, traditionally the strongest quarter for Asia, driven by Chinese New Year, saw a lack of new product launches from leading manufacturers, and users delayed upgrades in the hope of better smartphone deals arriving later in the year," Gartner Principal Research Analyst Anshul Gupta said.

The arrival of new products in mature markets based on new versions of the Android and Windows Phone operating systems (OSs), and the launch of the Apple iPhone 5 will help drive a stronger second half in Western Europe and North America.

"However, as we are starting to update our market forecast, we feel a downward adjustment to our 2012 figures, in the range of 20 million units, is unavoidable," he said.
Sales of smartphones drove the mobile phone market, reaching 144.4 million units in the first quarter of 2012, up 44.7 percent year-over-year.

Samsung took back the world's No 1 smartphone position from Apple, selling 38 million smartphones worldwide in the reported quarter.

Its Android-based smartphone sales in the first quarter of 2012 represented more than 40 percent of the Android-based smartphone sales worldwide, while no other vendors achieved more than a 10 percent share of the market, Gartner said.

The combined market share of Apple and Samsung increased to 49.3 percent, up from 29.3 percent in Q1 2011, widening their lead over Nokia, which saw its smartphone market share drop to 9.2 percent.

"Smartphone sales are becoming of paramount importance at a worldwide level. For example, smartphone volumes contributed to approximately 43.9 percent of overall sales for Samsung as opposed to 16 percent for Nokia," Gupta said.

RIM sold 9.9 million mobile handsets in Q1 2012, with its global share declining to 2.4 percent as competition increased in its international market strongholds.

In the smartphone OS market, Android accounted for more than half of all smartphone sales (56.1 percent) in Q1 2012.

iOS (Apple's operating system) had a 22.9 percent market share, while Symbian, RIM and Bada had a share of 8.6 percent, 6.9 percent and 2.7 percent, respectively.

Microsoft had a share of 1.9 percent in Q1 2012.

(Agencies)

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IGP case: HC directs CBI to file counter affidavit by May 30

Wed, 16 May 2012 18:21:00 GMT

Chennai: The Madras High Court on Wednesday directed the CBI to file by May 30 its counter affidavit to a bail petition by IGP (Armed Police) Pramod Kumar, arrested for allegedly receiving money from an investment firm.

Vacation Judge Justice T Mathivanan adjourned the petition to May 30.

Kumar has been charged, along with others, with making some subordinates receive about Rs 2.85 crore on his behalf from Paazee Forex Pvt Ltd, which had defaulted in repayments to depositors, to allegedly protect three directors of the firm.

A woman had also alleged that she was kidnapped and sexually abused by some policemen involved in the case.

The CBI had registered a case against Kumar and charged him and other policemen with extortion and criminal intimidation under Sections 4 of the Tamil Nadu Prohibition of Harassment of Women (Amendment) Act.

Kumar has also been booked under sections 7 and 13 (2) read with 13(1)(d) of the Prevention of Corruption Act.

In his bail application, Pramod Kumar submitted that he has been in jail for about a fortnight. CBI had questioned him for five days and police custody was over.

The IPS officer said he would abide by any condition that the court may impose on him if released on bail.

Kumar, then IGP (West Zone) Coimbatore when the case was registered, was arrested in New Delhi on May 2 on the charge of entering into a conspiracy to get a bribe of Rs 10 crore from Paazee Forex Trading company to protect its directors facing charges of duping depositors of Rs 826 crore in 2009.

CBI has charged Kumar with abusing his official position and making his subordinates and accomplices extort money from Paazee Group of companies to safeguard its directors. He was on the run for a long time and the Madras High Court had turned down his anticipatory bail plea last month.

(Agencies)

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VIEW SCORECARD: KOLKATA VS MUMBAI

Wed, 16 May 2012 18:21:00 GMT

Mumbai Indians (1st Inning)	108-10(19.1)	Runs	Balls	4s	6s	SR
Herschelle Gibbs	lbw b Iqbal Abdulla	13	24	1	0	54.16
Sachin Tendulkar	b Sunil Narine	27	24	3	1	112.5
Rohit Sharma	c Brendon McCullum b Sunil Narine	12	14	1	0	85.71
Dinesh Karthik	c Yusuf Pathan b Lakshmipathy Balaji	21	26	3	0	80.76
Ambati Rayudu	st Brendon McCullum b Shakib Al Hasan	11	8	0	1	137.5
Kieron Pollard	c Brendon McCullum b Jacques Kallis	8	5	1	0	160
Dwayne Smith	lbw b Jacques Kallis	0	1	0	0	0
Harbhajan Singh	c Manoj Tiwary b Sunil Narine	1	2	0	0	50
Lasith Malinga	c Manoj Tiwary b Lakshmipathy Balaji	8	6	0	1	133.3
RP Singh	c Iqbal Abdulla b Sunil Narine	3	5	0	0	60
Munaf Patel	Not Out	0	0	0	0	0

Extras: 5 ( b0 ,nb 0 ,w 2 ,lb 3 )
Total:108/10 (19.1)| Curr. RR: 5.63

FOW:26/1 ( Herschelle Gibbs , 6),60/2 ( Sachin Tendulkar , 11),66/3 ( Dinesh Karthik , 12.5),83/4 ( Ambati Rayudu , 15.3),96/5 ( Kieron Pollard , 16.4),96/6 ( Dwayne Smith , 16.5),97/7 ( Harbhajan Singh , 17.1),104/8 ( Rohit Sharma , 17.5),108/9 ( Lasith Malinga , 19),108/10 ( RP Singh , 19.1)

Kolkata Knight Riders (Bowling)	O	M	R	W	Nb	Wd	RPO
Lakshmipathy Balaji	4	0	11	2	0	0	2.75
Shakib Al Hasan	4	0	25	1	0	0	6.25
Sunil Narine	3.1	0	15	4	0	0	4.74
Iqbal Abdulla	4	0	22	1	0	0	5.50
Jacques Kallis	4	0	32	2	0	0	8.00

Kolkata Knight Riders (1st Inning)	140-7(20)	Runs	Balls	4s	6s	SR
Gautam Gambhir	b Kieron Pollard	28	23	3	1	121.7
Brendon McCullum	lbw b RP Singh	1	5	0	0	20
Jacques Kallis	b RP Singh	0	1	0	0	0
Manoj Tiwary	c Lasith Malinga b Munaf Patel	41	43	2	2	95.34
Shakib Al Hasan	b Dwayne Smith	13	12	1	0	108.3
Yusuf Pathan	Not Out	21	21	2	0	100
Debabrata Das	run out	2	3	0	0	66.66
Rajat Bhatia	c Dinesh Karthik b Lasith Malinga	12	7	2	0	171.4
Sunil Narine	Not Out	9	6	2	0	150
Lakshmipathy Balaji
Iqbal Abdulla

Extras: 11 ( b1 ,nb 1 ,w 7 ,lb 2 )
Total:140/7 (20)| Curr. RR: 7.00

FOW:6/1 ( Brendon McCullum , 1.2),6/2 ( Jacques Kallis , 1.3),44/3 ( Gautam Gambhir , 8.3),89/4 ( Shakib Al Hasan , 13.2),91/5 ( Manoj Tiwary , 14.1),96/6 ( Debabrata Das , 15.4),125/7 ( Rajat Bhatia , 18.1)

Mumbai Indians (Bowling)	O	M	R	W	Nb	Wd	RPO
Munaf Patel	4	0	17	1	0	0	4.25
RP Singh	4	0	35	2	0	0	8.75
Lasith Malinga	4	0	32	1	0	0	8.00
Kieron Pollard	3	0	20	1	0	0	6.67
Harbhajan Singh	3	0	24	0	0	0	8.00
Dwayne Smith	2	0	8	1	0	0	4.00

Kolkata Knight Riders : Brendon McCullum, Debabrata Das, Gautam Gambhir, Iqbal Abdulla, Jacques Kallis, Lakshmipathy Balaji, Manoj Tiwary, Rajat Bhatia, Shakib Al Hasan, Sunil Narine, Yusuf Pathan

Mumbai Indians : Ambati Rayudu, Dinesh Karthik, Dwayne Smith, Harbhajan Singh, Herschelle Gibbs, Kieron Pollard, Lasith Malinga, Munaf Patel, Rohit Sharma, RP Singh, Sachin Tendulkar