MphasiS falls on HP's $8.8 bln writedown

Wed Nov 21, 2012 11:04am IST

Employees work on their computer terminals on the floor of an outsourcing centre in Bangalore February 29, 2012. REUTERS/Vivek Prakash/Files

Employees work on their computer terminals on the floor of an outsourcing centre in Bangalore February 29, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Stocks

   

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.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared