01/09/2009
Shares in fraud-hit Indian IT giant Satyam slump 70 pct (AFP via Yahoo! News)
Shares in troubled Indian outsourcing giant Satyam Computers slumped over 70 percent in opening trade Friday, as investors dumped the stock on fears over the company's future, dealers said.
MORE INFO
|
01/09/2009
Indian Company Fights to Survive (New York Times)
While the Indian outsourcing company Satyam struggles to pay employees, investors prepare to sue its auditor, PricewaterhouseCoopers.
MORE INFO
|
01/09/2009
Buy ‘Quality’ Indian Stocks After Satyam, Credit Suisse Says (Bloomberg)
Jan. 9 (Bloomberg) -- Investors should own shares of Indian companies with “good corporate governance” as Satyam Computer Services Ltd.’s accounting scandal may prompt disclosure of more one-time losses, Credit Suisse Group said.
MORE INFO
|
01/08/2009
Indian PM says terrorism, extremism won't destabilise country (AFP via Yahoo! News)
Indian Premier Manmohan Singh said Thursday that India would work with the international community to deny militants "launching pads" for attacks, and that they would not destabilise the country.
MORE INFO
|
01/09/2009
Indian bond yields steady after inflation data (Reuters via Yahoo! Philippines News)
MUMBAI, Jan 9 (Reuters) - Indian federal bond yields were barely moved after inflation data on Friday, but concerns about fresh debt supplies weighed.
MORE INFO
|
01/09/2009
Indian Rupee Declines Against Dollar (Nasdaq)
(RTTNews) - Friday, the Indian rupee opened lower against the US dollar. The rupee dipped to 49.30 per dollar by about 11:05 pm ET. If the Indian currency weakens further, 49.4750 is seen as the next target level.
MORE INFO
|
01/09/2009
Indian agents blamed for stranded Indian workers (The Star)
CHENNAI: Unscrupulous Indian manpower agents are to be blamed for the increasing number of Indian workers stranded in Malaysia without jobs, Indian Overseas Minister Vayalar Ravi said in Chennai.
MORE INFO
|
01/08/2009
Nepal's PM reinstates Indian priests after protests (AFP via Yahoo! News)
Nepal's Maoist prime minister has temporarily reinstated a group of sacked Indian priests at the Himalayan nation's holiest Hindu shrine after protests forced riot police to intervene.
MORE INFO
|
01/09/2009
FBI seeks to question more individuals in Indian custody (rediff.com)
The Federal Bureau of Investigation, which is helping Indian intelligence agencies and police in probing the Mumbai terror attack, has sought permission from New Delhi to interrogate more persons in Indian custody.
MORE INFO
|
01/09/2009
Indian IT experts in UK shocked over Satyam collapse (The Times of India)
LONDON: A large number of Indian software professionals working in Britain are in a state of shock over the developments in Satyam, with many former employees continuing to repose faith in its founder and chairman, Ramalinga Raju.
MORE INFO
|