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Indian court issues arrest warrant for Malaysian billionaire

  Bloomberg An Indian court issued arrest warrants for Malaysian billionaire T. Ananda Krishnan and Ralph Marshall, deputy chairman at Krishnan-controlled Astro All Asia Networks Plc, in connection with an investigation into alleged phone-license corruption. Krishnan controls Malaysia’s Maxis Group. A court in New Delhi said on Saturday it will split the matters into separate cases for allegations against Krishnan ...

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Indian IPOs’ finance fetish will keep investors seduced

  Bloomberg Six years ago, India’s biggest share sale was in commodities. Now, as the IPO market heats up again, the key to investors’ hearts lies in finance. ICICI Prudential Life Insurance’s float has attracted strong demand, drawing orders of 10.5 times the amount of stock available to raise as much as 60.6 billion rupees ($909 million). It’s the nation’s ...

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Five killed in US mall shooting, gunman flees

  Los Angeles / AFP Police were searching on Saturday for a gunman who killed five people during a shooting at a mall in the US state of Washington, amid a raging national debate over gun control. Four women and one man were killed, police said in an updated toll. The man had been taken to hospital with life-threatening injuries, ...

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