Yahoo! News: India Top Stories - Reuters

Mukesh Ambani back in telecoms with Infotel (Reuters)
Cup party starts, mourning Mandela absent (Reuters)
StanChart India makes muted debut; no IDR rush seen (Reuters)
Sorry Barack, I'm watching World Cup, says Biden (Reuters)
Broadband auction throws up surprise winner (Reuters)
India interviews Headley about 2008 Mumbai attacks (Reuters)
Water level in reservoirs up in wk to June 10 (Reuters)
April factory output soars; inflation eyed (Reuters)
No need to quicken monetary tightening - Ahluwalia (Reuters)
Buffett lunch gets $1.5 mln bid, auction ends soon (Reuters)
Mandela relative's death clouds cup start (Reuters)
BP shares in focus after U.S. doubles spill estimate (Reuters)
Reliance Ind buys majority stake in Infotel - CNBC (Reuters)
Reliance Ind in talks to buy Infotel - source (Reuters)
Buffett lunch bid reaches $900,100, one day to go (Reuters)
NBA - Celtics out-hustle Lakers to tie finals at 2-2 (Reuters)
Bharti wins India broadband spectrum in 4 circles - TV (Reuters)

Mukesh Ambani back in telecoms with Infotel (Reuters)

Posted: 11 Jun 2010 09:21 AM PDT

Reuters - Billionaire Mukesh Ambani's Reliance Industries made a dramatic return to telecoms, agreeing to buy Infotel Broadband, which was the only company to win a nationwide licence in India's broadband wireless spectrum auction.

Cup party starts, mourning Mandela absent (Reuters)

Posted: 11 Jun 2010 09:13 AM PDT

Reuters - Drummers and dancers wowed fans at South Africa's Soccer City stadium in a glittering prelude to Friday's World Cup kickoff, but Nelson Mandela's absence after a family tragedy cast a cloud over the party.

StanChart India makes muted debut; no IDR rush seen (Reuters)

Posted: 11 Jun 2010 09:13 AM PDT

Reuters - Standard Chartered's issue of Indian depositary receipts, the first in Asia's third-largest economy, closed below their offer price on their debut, doing little to boost the chance of another issue.

Sorry Barack, I'm watching World Cup, says Biden (Reuters)

Posted: 11 Jun 2010 07:29 AM PDT

Reuters - An unabashed U.S. Vice President Joe Biden told President Barack Obama on Friday he was sorry for leaving him behind to manage the oil spill but was thrilled to be watching the World Cup.

Broadband auction throws up surprise winner (Reuters)

Posted: 11 Jun 2010 05:39 AM PDT

Reuters - Privately-held Infotel Broadband Services, which is being courted by India's Reliance Industries, unexpectedly emerged as the only firm to win nationwide licences to offer broadband in a booming market.

India interviews Headley about 2008 Mumbai attacks (Reuters)

Posted: 10 Jun 2010 11:14 PM PDT

Reuters - Indian investigators questioned for a week American national David Headley who pleaded guilty to helping scout targets for the 2008 Mumbai attacks in which 166 people were killed, the U.S. Justice Department said on Thursday.

Water level in reservoirs up in wk to June 10 (Reuters)

Posted: 11 Jun 2010 09:13 AM PDT

Reuters - Water levels in India's main reservoirs rose to 13 percent of capacity in the week to June 10, up from 11 percent a year ago, government data showed.

April factory output soars; inflation eyed (Reuters)

Posted: 11 Jun 2010 09:13 AM PDT

Reuters - India's industrial output grew at a much stronger-than-expected pace in April, with manufacturing growth matching its fastest pace in at least 15 years, reinforcing expectations the central bank will lift rates for the third time this year at a policy review late next month.

No need to quicken monetary tightening - Ahluwalia (Reuters)

Posted: 11 Jun 2010 12:57 AM PDT

Reuters - NEW DELHI (Reuters) -India need not quicken the pace of its return to a normal monetary policy, the deputy chairman of the Planning Commission said on Friday, after the country reported faster-than-expected industrial output growth.

Buffett lunch gets $1.5 mln bid, auction ends soon (Reuters)

Posted: 11 Jun 2010 09:13 AM PDT

Reuters - A bidder is offering to pay $1,500,100 for a steak lunch with the billionaire investor Warren Buffett, driving the top bid more than $500,000 higher in seven minutes as the annual charity auction on eBay Inc's website heads into the homestretch.

Mandela relative's death clouds cup start (Reuters)

Posted: 11 Jun 2010 05:39 AM PDT

Reuters - Nelson Mandela cancelled his appearance at the opening of the World Cup on Friday after his great granddaughter was killed in a car crash, casting a cloud over South Africa's day of joy in hosting the continent's first edition of the tournament.

BP shares in focus after U.S. doubles spill estimate (Reuters)

Posted: 11 Jun 2010 12:38 AM PDT

Reuters - Shares in British energy giant BP will be in the spotlight again on Friday after U.S. government scientists doubled their estimate of the amount of oil gushing out of its ruptured Gulf of Mexico well.

Reliance Ind buys majority stake in Infotel - CNBC (Reuters)

Posted: 11 Jun 2010 05:39 AM PDT

Reuters - India's Reliance Industries has bought a majority stake in Infotel Broadband Services, CNBC TV 18 said on Friday, citing unnamed sources.

Reliance Ind in talks to buy Infotel - source (Reuters)

Posted: 11 Jun 2010 02:03 AM PDT

Reuters - Reliance Industries, India's largest-listed conglomerate, is in talks to buy Infotel Broadband Services as it looks to enter the telecoms sector, a source with knowledge of the matter said on Friday.

Buffett lunch bid reaches $900,100, one day to go (Reuters)

Posted: 10 Jun 2010 09:16 PM PDT

Reuters - The high bid for a steak lunch with Warren Buffett has reached $900,100, with a little over a day to go in the annual charity auction.

NBA - Celtics out-hustle Lakers to tie finals at 2-2 (Reuters)

Posted: 10 Jun 2010 11:15 PM PDT

Reuters - A fired-up Glen Davis helped the Boston Celtics reclaim their inside presence and hold off the Los Angeles Lakers 96-89 on Thursday to tie the best-of-seven NBA finals at 2-2.