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Satyam may finalise bid criteria next week (Reuters)

Posted: 19 Feb 2009 01:54 AM CST

Reuters - Details and criteria for prospective bidders for a stake in Satyam Computer Services could be finalised next week, a member of the fraud-hit firm's government-appointed board said on Thursday.

Inflation at 3.92 pct on Feb. 7 (Reuters)

Posted: 19 Feb 2009 12:35 AM CST

Reuters - India's wholesale price index rose 3.92 percent in the 12 months to Feb. 7, below the previous week's annual rise of 4.39 percent, government data showed on Thursday.

Heaters cool demand for hazardous Kashmir fire pot (Reuters)

Posted: 19 Feb 2009 12:30 AM CST

Reuters - Modern heaters are cooling the appeal of a traditional heating pot used for centuries in Kashmir to ward off the cold, but they're also making the harsh winter safer for many people.

Gold futures continue record-breaking spree (Reuters)

Posted: 18 Feb 2009 11:48 PM CST

Reuters - Gold continued its record-breaking spree on Thursday as investors poured money into the safe haven asset due to deepening global recession, analysts said.

Pakistan mulls sending Mumbai investigators to India (Reuters)

Posted: 18 Feb 2009 11:37 PM CST

Reuters - Pakistan is "seriously considering" an Indian request to send investigators to India to share information on the Mumbai attacks, Prime Minister Yousaf Raza Gilani said on Wednesday.

Cleric leads "peace march" through Pakistan's Swat (Reuters)

Posted: 18 Feb 2009 10:36 AM CST

Reuters - A radical cleric at the vanguard of a struggle for Islamic law in Pakistan's restive Swat valley led a "peace march" on Wednesday to plead with the Taliban to stop fighting.

Boy marries dog in Orissa to ward off tiger attacks (Reuters)

Posted: 18 Feb 2009 08:36 AM CST

Reuters - An infant boy was married off to his neighbours' dog in Orissa by villagers who said it will stop the groom from being killed by wild animals, officials and witnesses said on Wednesday.

RBI says has room to cut rates if needed (Reuters)

Posted: 18 Feb 2009 07:14 AM CST

Reuters - India has room to cut interest rates but the question is when and whether it should do so and by how much, and falling inflation does not automatically mean rates will drop too, Reserve Bank of India (RBI) Governor Duvvuri Subbarao said on Wednesday.

India's GM cotton plantation seen rising (Reuters)

Posted: 18 Feb 2009 08:06 AM CST

Reuters - Indian farmers will grow genetically modified cotton on 90 percent of the area under cotton cultivation in two years, a group that advocates the use of such crops said on Wednesday.

Reliance to begin gas supplies by April - Deora (Reuters)

Posted: 18 Feb 2009 05:37 AM CST

Reuters - Reliance Industries is expected to begin supplying gas from its deepwater block in the Krishna Godavari basin off India's east coast by April, Oil Minister Murli Deora said in a statement on Wednesday.

Satyam seeks nod for auction, capital raise (Reuters)

Posted: 18 Feb 2009 07:43 AM CST

Reuters - Fraud-hit Satyam Computer Services Ltd has sought approval from the Company Law Board to hold an open auction to find a buyer and to increase its authorised share capital, a senior board member of the outsourcing firm said on Wednesday.

RBI: total deficit may reach 10 pct of GDP (Reuters)

Posted: 18 Feb 2009 06:05 AM CST

Reuters - India may see a further downturn in investment demand before it turns up and growth may moderate more than expected, while this year's total fiscal deficit could reach 10 percent, Reserve Bank of India governor Duvvuri Subbarao said on Wednesday.