Reuters Market Eye - Shares in software and back office provider MphasiS (MBFL.NS) fall 2.8 percent after majority owner Hewlett-Packard Co (HPQ.N) 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.
Trending On Reuters
Indian consumers offer a glimmer of hope for the Indian economy, which grew at a slower-than-expected annual rate of 7 percent in the June quarter. Full Article