HP, Autonomy scam: Mphasis shares fall

Nov 21 2012, 11:12 IST
Comments 0
SummaryA massive accounting scandal at HP's British software unit Autonomy is being alleged.

* Shares in Indian software and back office provider MphasiS fall 2.8 percent after majority owner Hewlett-Packard Co (HP) took a $8.8 billion writedown after alleging a massive accounting scam 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.

Stocks More on Mphasis

Company INFO More on Mphasis

Ads by Google

More from Business

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...