MARKET EYE-India's MphasiS falls on HP's $8.8 bln writedown
* Shares in Indian software and back office provider MphasiS fall 2.8 percent after majority owner Hewlett-Packard Co took a $8.8 billion writedown after alleging a massive accounting scandal at its British software unit Autonomy. * The news sent HP's shares, which owns 60.5 percent stake in MphasiS, plunging 12 percent to a 10-year low. (email@example.com)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow