Word: indianism
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...hostility toward immigrants extends far beyond the points of entry. On Feb. 2, an Indian immigrant was beaten and set on fire by local youths in Nettuno, near Rome. Last month, two unidentified men in Athens threw acid on the face of a Bulgarian migrant worker. Xenophobia and competition for scarce jobs was blamed for the rampages last summer in South Africa that killed scores of immigrants from Zimbabwe and Mozambique...
Both Zardari and Kayani will seek from Holbrooke an assurance that the U.S. will pressure India to resolve Kashmir. But Indian Prime Minister Manmohan Singh is unlikely to play ball. India is intractably opposed to any outside mediation on Kashmir, and lobbied successfully to have the matter removed from Holbrooke's mandate. Especially after last November's terrorist attacks on Mumbai--blamed on a Pakistan-based group with long links to Islamabad's intelligence services--any hint of a concession to Pakistan would be hugely unpopular in India. The U.S. has some cards to play: it can offer India nuclear...
...Supreme Court ruling, officials from SEBI now have access to jailed Satyam founder and chairman Ramalinga Raju, his brother Rama Raju, and former chief financial officer Srinivas Vadlamani. Although the men are in police custody and face criminal charges, SEBI, the country's stock market regulator, is the only Indian body with the expertise to investigate allegations that Satyam officials used Byzantine accounting chicanery involving illegal transfers of money between hundreds of shell companies, possible insider trading, money laundering, and other acts to inflate the company's profits and defraud shareholders...
...blessing, SEBI may now be able to look into possible insider-trading violations revolving around the sale of 3,600,000 shares of Satyam stock in the months before the fraud came to light, as well as embezzlement and a host of other possible transgressions. According to reports in Indian newspapers, investigators for the Andhra Pradesh Crime Investigation Division have discovered Satyam funds were diverted into Maytas Properties and Maytas Infrastructure, property companies owned by the Raju family. Two senior partners of Satyam's auditors, Price Waterhouse, S. Gopalakrishnan and Srinivas Taluri, have also been arrested and charged with conspiracy...
...find a buyer for Satyam and to save some of the jobs of its 53,000 employees. In a statement released on Feb. 2, Satyam claimed to have retained 95% of its top 20 clients and to have won 15 new contracts in January. At least four groups including Indian construction and engineering giant Larsen & Toubro have shown interest in acquiring a controlling stake...