InfoAnda - India hit by growing banking scandal, shares fall |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Web address controversy deepens after U.S. warning | | 24 March 2012
Obama says mortgage program to help up to nine million | 19 February 2009
TV shows may see post-election ratings growth | Entertainment | | 3 November 2008

US airport security staff touch a nerve | 18 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : India hit by growing banking scandal, shares fall |

Edition: U.S. Article Comments (0) Email Print Reprints Read Exclusive: Corruption charges to feature in WikiLeaks release 24 Nov 2010 UPDATE 2-Oracle ruling slams SAP's reputation 24 Nov 2010 South Korea strengthens military near border after attack | 2:30am EST N.Korea warns of new attacks for Seoul "provocations" 24 Nov 2010 Analysis: N.Korea crisis latest blow to Obama's nuclear agenda 24 Nov 2010 Discussed 192 Obama’s Democrats in disarray over expiring tax cuts 96 Obama’s 2012 re-election prospects uncertain: poll 67 Wesley Snipes ordered to prison for tax conviction Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 S. Korea: shelling 'provocation' Tue, Nov 23 2010 Technology In cyber warfare, policy lags technology Cyber warfare techniques might be leaping forward and nations ramping up spending on digital defenses and new electronic weapons, but the policy frameworks and philosophy for their use lag well behind. Full Article Pentagon says "aware" of China Internet rerouting FCC mulls web traffic rules for December meeting India hit by growing banking scandal, shares fall Tweet This Share on LinkedIn Share on Facebook NEW DELHI (Reuters) - Shares in Indian state-run financial firms named in a bribery scandal fell sharply on Thursday, a day after eight top officials were arrested in India's third biggest corruption scandal in the past few months. The Delhi-based... Related News Indian shares rise; cos under federal probe fall Wed, Nov 24 2010 Suzlon, Lavasa among named in India bribery scam-reports Wed, Nov 24 2010 Top India banks, fin firm execs held on bribery charges Wed, Nov 24 2010 UPDATE 2-Top India banks, fin firm execs held on bribery charges Wed, Nov 24 2010 Indian agency arrests bank execs on bribery charges Wed, Nov 24 2010 Analysis & Opinion Bank index falls on probe report Between the lines: Obama’s comments on Kashmir Related Topics World » Stocks NEW DELHI | Thu Nov 25, 2010 12:14am EST NEW DELHI (Reuters) - Shares in Indian state-run financial firms named in a bribery scandal fell sharply on Thursday, a day after eight top officials were arrested in India's third biggest corruption scandal in the past few months. The Delhi-based Central Bureau of Investigation (CBI) said on Wednesday the officials received bribes valued at hundreds of millions of dollars. The arrests come on the heels of an alleged multi-billion dollar telecoms corruption scam that has forced the telecoms minister to resign and has paralyzed the Indian parliament. The government and one of the companies whose executive was arrested said the alleged corruption were of an individual nature. "It is an insignificant amount... it is individual personal greed, it is not systematic failure," R. Gopalan, secretary financial services told NDTV broadcaster late on Wednesday. Those arrested included the chief executive of LIC Housing Finance and senior officials at state-run Central Bank of India, Punjab Natinal Bank and Bank of India, the CBI said. Shares in LIC Housing Finance fell more than 10 percent, while Punjab National Bank and Bank of India were down 3 percent and 2.3 percent respectively. Stocks later rebounded. Government officials contacted by Reuters said there were no special meetings planned to discuss the bribery case. The officials, who asked to remain anonymous, said the federal investigative agency CBI would be handling the case. The individuals under arrest received bribes from private finance firm Money Matters Financial Services, which acted as a "mediator and facilitator" of corporate loans and other facilities, the CBI said on Wednesday. The CBI did not provide financial details of the charges. Analysts said many corporate houses could also be probed for possible involvement. Analysts said they did not expect any major repercussions from the scandal, although the government is already on the defensive over a separate telecoms scandal and a corruption scam involving the Commonwealth Games last October. "We don't think it'll turn into a major political issue, although the Indian government's reputation has been damaged," said Taipei-based Michael Huang, portfolio manager of Yuanta India Fund. "Banking shares and the broader stock market will continue to be hit. We'll take this chance to buy Indian shares at dips," he said. Telecoms Minister Andimuthu Raja was forced to resign more than a week ago after a state audit accused his ministry of selling licenses and spectrum too cheaply in 2007-2008, potentially depriving the state of $39 billion in revenues. The opposition has disrupted business in parliament since November 9, demanding the Congress party-led coalition government agrees to a full parliamentary investigation into alleged corruption in the telecoms ministry. That has weakened the government's ability to move key economic measures and delayed legislation, although the government is not at risk of collapsing. 1 2 Next World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 25 November 2010
British students clash with police at second fees protest
Bombs kill three, injure 22 in north Iraq
Branson launching digital magazine for iPad
Radical Lebanon cleric Bakri bailed from jail
Rio drug gangs battle police, 13 people killed |
Elections mask where real power lies in Egypt
Taiwan students risk jail over Facebook 'vote sale'
Many cancers detected late in US: study
'Tunnel of truth' for air travelers is a long way off
Cuba deal boosts China's Latin American oil plans |
Data brightens outlook for US economy
Syrian court questions detained blogger: rights groups
Afghan prosecutor announces new election probe
Greenhouse gases 'rise to record levels in 2009'
French PM Fillon says to keep up pace of reform |
Moroccan nationalists 'hack Algerian embassy website'
Madoff trustee seeks $2 bln in UBS fraud case
U.N. mulls 2,000 extra troops for Sudan vote: envoys |
Afghanistan releases majority of election results
US unemployment claims fall dramatically
Auschwitz museum creates online Holocaust course
EU slams Ivorian poll commission for obstruction |
Some Israelis doubt their airport security travels |
Five Somalis convicted in U.S. court for piracy |
Fashion industry's coming of age on show in Paris
US-ENTERTAINMENT Summary
George W. Bush memoir sells more than one million copies
China, Russia ink deals worth 8.5 billion dollars: Wen
Turkish-German family drama wins European film prize
Garbage exhibition opens in Romanian shopping mall
S.Korea raises port security, no maritime disruption
Defense companies eye niche technologies for growth |
Bristol Palin's star fades in TV dance contest
Pakistan slashes development to meet IMF targets
Spanish novelist Ana Maria Matute wins Cervantes prize
China central bank warns of growing inflationary pressure
Bikini-clad cheer squads add spice to beach volleyball
Divergent paths for US consumers as holidays near
India arrests 8 banking officials in bribery bust
Susan Boyle tops Rihanna on album chart |
Wesley Snipes asks bail while appeals tax convictions |
Getting inside the head of film director Tim Burton |
Controversial Dancing final seen by 24 million |
George W. Bush memoir sells more than one million copies |
Rapper DMX denied bail, remains in Arizona jail |
Gawker.com and Sarah Palin book publisher settle dispute |
Lebanese PM voices support for Hariri tribunal
South Korea strengthens military near border after attack |
Afghanistan unveils final results from fraud-marred vote
'Fallout: New Vegas' ups the ante with downloads
British students clash with police during fees protest
Cholera-hit Haiti needs nurses, doctors: U.N. |
US worried over WikiLeaks big release of diplomatic cables
General strike cripples debt-hit Portugal
US-TECH Summary
Afghan prosecutor announces new election probe
U.S. Court Sentences Somali Men To Life For USS Nicholas Attack
Oracle ruling slams SAP's reputation
Militants kill 5 elders in north Afghanistan
New Zealand mourns death of 29 coal miners |
Susan Boyle Earns Second Week At #1, Jackie Evancho Debuts On Billboard Albums Chart
FCC mulls Web traffic rules for December meeting
U.S. Court Summons ISI Chief, LeT Leaders In Mumbai Attacks
Defense companies eye niche technologies for growth
Militants kill 4 elders in north Afghanistan
U.S. Braces For Another WikiLeaks Release
Lebanese PM voices support for Hariri tribunal |
Drop In Jobless Claims Push Stocks Up
Siddle takes hattrick in Ashes Test
Protest Fizzles for Opting Out of Airport Security Checks
U.S., South Korea Set New War Games After North’s Attack
Kingdom of Tonga holds first popular vote
Ahead of Thanksgiving, GM Announces $163 Million Plan To Save 164 Jobs
US 'Honeymoon Killer' flies out of Australia
Study: Daily Dose Of Antiretroviral Drugs Lowers Chance Of Catching HIV By 40 Percent
Irish government faces election backlash after fiscal pain |
Indian premier's 'Mr Clean' image takes a battering
Colorado Under Mountain Blizzard Warnings
Myanmar's Suu Kyi to appeal in party dissolution case
DiCaprio says "Inception" script was "confusing"
US, Japan affirm co-operation over N.Korea
S.Korea strengthens military near border
Pre-wedding brunch leads to "Hangover II" mayhem
US designates 'critical' polar bear habitat in Arctic
N.Zealand PM demands answers as nation mourns
Ex-U.S. House leader Tom DeLay guilty of money-laundering
Cash-strapped Philippine ex-leader Estrada to sell home
Powerful storm to bring snow, ice to the Dakotas
N.Korea warns of more strikes as US carrier heads in
Jury convicts Tom DeLay in money laundering trial
India hit by growing banking scandal, shares fall |
Minimum and maximum temperatures in Celsius
Japan October export growth slows, worries deepen
Japan's frilly 'maids' go grey
New Zealand mourns death of 29 coal miners
The great "Contender"
Mobile phone firms face big govt charges in India
DiCaprio says "Inception" script was "confusing"
Japan export growth slows in October
Pre-wedding brunch leads to "Hangover II" mayhem
Seoul shares turn lower; Hyundai E&C, Woori gain
Kanye West set to bounce Susan Boyle from No. 1
NZ 2013 govt bonds yield 4.26 pct at tender
Viewership soars for "Dancing" finale
Korea Hot Stocks-Hyundai E&C rallies after sharp fall
Warner Bros. has trademarked "Quidditch" lingerie
KOREA MARKETS-Shares, bonds steady; won down over Korea tensions
"Hurt Locker" lawsuit enters dangerous territory
Shakira nets 500,000 euros for charity with Spanish TV ad
Korea fund buys stake in Canadian oil sands firm
Slim chance of nuclear cyber raid in closed N.Korea
Pre-wedding brunch leads to Hangover II mayhem |
DiCaprio says Inception script was confusing |
The great Contender
Hurt Locker lawsuit enters dangerous territory |
Warner Bros. has trademarked Quidditch lingerie |
Kanye West set to bounce Susan Boyle from No. 1 |
Afghan prosecutors open criminal probe into vote
Maliki named Iraq PM for second term, urges unity
Sony eyes December launch of e-readers in Japan
Egypt to have at least 64 women MPs after election
Sony to return to Japan e-reader market in December
Irish bailout talks continue as PM faces new setback
Iraqi PM Maliki asked to form new government
No risk of euro zone breakup in Irish crisis: EU |
Toyota still in 'crisis' one year after recalls
Another war in Sudan could cost $100 billion
New corruption scandal deals blow to India's image |
Afghan prosecutor: 2 election workers arrested
French chemistry professor fined for deadly lab blast |
Pakistan, Afghanistan to begin joint drug ops
Sony eyes December launch of e-readers in Japan
South Africa judge drops charges in mine tycoon killing |
Sony to return to Japan e-reader market in December
Dutch seek fugitive Nazi criminal from Germany |
OPINION: Close the book on Chinglish
Israel plans holding facility for illegal migrants |
Afghan, Pakistan agree on coordinated anti-drug raids |
Thai PM confident of growth
Egypt detains 156 protestors over church riots |
Hello Kitty castle on the way to Beijing
Canadians see Afghan army progress, support needed |
Airport protest never takes off, few delays seen
Thailand grills officials 'who issued birth certificates to abortion survivors'
FEATURE: Telling it like it is
China says Vatican 'violating' religious freedom
Bunny-crushing videos stir Chinese online anger
Bruce Lee biopic tracks action hero's early life
Smartphones, Twitter top Japan hit product survey |
New corruption scandal deals blow to India's image
Experts say publicist's murder is "solvable"
Gawker.com and Sarah Palin book publisher settle dispute |
Sony to return to Japan e-reader market in December |
Oakley Capital buys into Time Out for online growth |
Q+A-Why are U.S.-S.Korea drills so sensitive?
Pakistani stocks edge lower; rupee eases vs dollar
Pakistan's OGDCL, PPL mull bid for BP local assets-sources
China students on rampage over canteen price hikes
Mazda to recall over 72,000 cars due to defects
India housing loan scam hits property, bank stocks
Philippine economy slows after election splurge
KOREA MARKETS-Stocks, won end up, reverse early losses
BRIEF-Moody's says Korean ABS performance remains stable
Experts say publicist's murder is solvable |
Bruce Lee biopic tracks action hero's early life |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01