Yahoo! News: India Top Stories - Reuters

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• Bowling, badminton and Bollywood for New Year in India (Reuters)
• ANALYSIS - More Iran steps seen tougher sell to new UN council (Reuters)
• PM: will redouble efforts to deal with inflation (Reuters)
• India, Iran have not yet resolved oil payments impasse - sources (Reuters)
• Hero Group exposure to Citi fraud 287.5 mln rupee (Reuters)
• India, Iran aim to resolve oil payments impasse (Reuters)
• Iran says payments impasse with India resolved - report (Reuters)

Bowling, badminton and Bollywood for New Year in India (Reuters) Posted: 31 Dec 2010 08:26 AM PST Reuters - Urban Indians are making the most of new-found economic independence and confidence this New Year's Eve to shed traditional celebrations for the delights of bowling, go-karting, indoor golf and other diversions.

ANALYSIS - More Iran steps seen tougher sell to new UN council (Reuters) Posted: 31 Dec 2010 09:56 AM PST Reuters - India and South Africa join the U.N. Security Council on Saturday, bolstering a bloc of countries on the powerful panel that may be reluctant to support new sanctions against Iran over its nuclear program.

PM: will redouble efforts to deal with inflation (Reuters) Posted: 31 Dec 2010 06:33 AM PST Reuters - Prime Minister Manmohan Singh on Friday said his government would try to effectively fight inflation and improve governance in the new year.

India, Iran have not yet resolved oil payments impasse - sources (Reuters) Posted: 31 Dec 2010 06:11 AM PST Reuters - India and Iran have not yet resolved an impasse over settlement of payments, three Indian industry sources familiar with the matter said on Friday, contradicting reported comments by Iran's deputy oil minister.

Hero Group exposure to Citi fraud 287.5 mln rupee (Reuters) Posted: 31 Dec 2010 05:11 AM PST Reuters - India's Hero Group said on Friday its exposure in the alleged financial fraud unearthed at Citigroup's Gurgaon branch in Haryana state was 287.5 million rupees and that it was taking action to recover its dues.

India, Iran aim to resolve oil payments impasse (Reuters) Posted: 31 Dec 2010 12:24 AM PST Reuters - Central bank officials from India and Iran were due to meet on Friday to try to keep their oil trade running, with New Delhi aiming to balance its energy needs with global diplomatic interests.

Iran says payments impasse with India resolved - report (Reuters) Posted: 31 Dec 2010 05:32 AM PST Reuters - Iran said an Friday that an oil payments impasse with India had been resolved by changing the currency of settlement, according to its Fars news agency, which would preserve a trade in crude worth $12 billion a year.

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