As the helicopter carrying top Indian opposition leader Narendra Modi descended toward a rally in the grounds of the turreted Bangalore Palace, the crowd of more than 300,000 erupted in applause and chanted his name.
An Indian court found politician Lalu Prasad, an ally of Prime Minister Manmohan Singh, guilty of embezzlement in a 17-year-old graft case that may redraw alliances before national elections due by May.
Adelphia Communications Corp. was illegally coerced through the use of commercial loans by Citigroup Inc. , Credit Suisse Group AG and other banks trying to get lucrative investment banking work, a lawyer seeking recovery for the defunct cable television company’s creditors said.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
India’s political opposition splintered less than a year before the next election as the largest ally of the Bharatiya Janata Party severed ties over its aversion to the growing power of Gujarat leader Narendra Modi.
India’s Bihar began a month of elections today that will test whether doubling economic growth is enough to get its chief minister re-elected in a state where caste and class allegiances have dominated.