BANGALORE, India - The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years.
Satyam's shares plunged almost 80 percent. India's biggest corporate scandal in memory threatened future foreign investment flows into Asia's third-largest economy and cast a cloud over growth in its once-booming outsourcing sector.
Bombay's main benchmark index tumbled 7.3 percent and the Indian rupee fell.
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