Yahoo! News: India Top Stories - Reuters

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• Thousands need aid after deadly storm strikes eastern India (Reuters)
• Failed rocket launch may set back India space business (Reuters)
• Pakistan failed to protect Bhutto, probe death - U.N. (Reuters)
• Budget session reconvenes, Maoists in focus (Reuters)
• Obamas made millions in 2009, paid big tax bill (Reuters)
• Volcanic ash turns northern Europe into no-fly zone (Reuters)
• Inflation nears 10 pct; monsoon seen normal (Reuters)
• Goldman Sachs director Rajat Gupta in Galleon probe - WSJ (Reuters)
• 3G bids up 38 pct from base on Thursday (Reuters)
• RBI seen hiking rates, cash reserve ratio (Reuters)
• India to see record 2010/11 cotton crop - attache (Reuters)
• Pakistan's Senate passes constitutional reforms (Reuters)
• Myanmar festival bombings kill eight, wound 94 (Reuters)
• China revaluation would hurt U.S. jobs - study (Reuters)
• India to build 1st oil reserve facility by Oct 2011 (Reuters)
• BSE Sensex down 3rd day; Infosys hits record high (Reuters)
• Toyota to test all SUVs, suspends Lexus GX output (Reuters)
• South Asia monsoon seen normal - IMD official (Reuters)
• Police defuse bomb on Delhi-bound train (Reuters)
• Infosys hits record high; rally seen limited (Reuters)

Thousands need aid after deadly storm strikes eastern India (Reuters) Posted: 15 Apr 2010 05:29 AM PDT Reuters - Hundreds of thousands of people are in need of shelter, food and water after a tropical storm ripped through impoverished villages in eastern India, killing 120 people, aid workers and officials said on Thursday.

Failed rocket launch may set back India space business (Reuters) Posted: 15 Apr 2010 07:28 AM PDT Reuters - A rocket powered by a domestically built engine failed on Thursday, officials said, in a potential setback to the country's quest for a bigger share in the multi-billion dollar global satellite launch market.

Pakistan failed to protect Bhutto, probe death - U.N. (Reuters) Posted: 15 Apr 2010 04:17 PM PDT Reuters - Pakistan failed to properly protect former prime minister Benazir Bhutto or investigate her December 2007 assassination, and it also hampered a United Nations inquiry, U.N. investigators reported on Thursday.

Budget session reconvenes, Maoists in focus (Reuters) Posted: 15 Apr 2010 05:56 AM PDT Reuters - A debate on fighting Maoist rebels dominated the reopening of parliament on Thursday, possibly heralding a difficult session for the government as it seeks to pass the budget and other reform bills.

Obamas made millions in 2009, paid big tax bill (Reuters) Posted: 15 Apr 2010 05:13 PM PDT Reuters - President Barack Obama and his wife earned about $5.5 million in 2009 primarily from the proceeds of his best-selling books, and they paid $1.79 million in federal income taxes, the White House said on Thursday.

Volcanic ash turns northern Europe into no-fly zone (Reuters) Posted: 15 Apr 2010 06:06 PM PDT Reuters - A huge ash cloud from an Icelandic volcano turned northern Europe into a no-fly zone on Thursday, leaving hundreds of thousands of passengers stranded.

Inflation nears 10 pct; monsoon seen normal (Reuters) Posted: 15 Apr 2010 06:43 AM PDT Reuters - India's annual inflation was less than expected in March as food and manufacturing price pressures eased, suggesting the Reserve Bank of India will opt for a 25 basis-point rate rise next week rather than a more aggressive move.

Goldman Sachs director Rajat Gupta in Galleon probe - WSJ (Reuters) Posted: 15 Apr 2010 02:59 PM PDT Reuters - Prosecutors are examining whether Goldman Sachs Group Inc director Rajat Gupta gave inside information about the bank to Galleon Group hedge fund founder Raj Rajaratnam, the Wall Street Journal reported on Thursday, citing people close to the situation.

3G bids up 38 pct from base on Thursday (Reuters) Posted: 15 Apr 2010 07:38 AM PDT Reuters - One provisional winning bid for national cover in India's third-generation (3G) spectrum auction rose 38 percent from the base to 48.31 billion rupees ($1.1 billion) on the fifth day of the auction, government data showed on Thursday.

RBI seen hiking rates, cash reserve ratio (Reuters) Posted: 15 Apr 2010 07:01 AM PDT Reuters - REUTERS FORECAST: The Reserve Bank of India will release its annual monetary policy statement on April 20.

India to see record 2010/11 cotton crop - attache (Reuters) Posted: 15 Apr 2010 05:06 PM PDT Reuters - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in India:

Pakistan's Senate passes constitutional reforms (Reuters) Posted: 15 Apr 2010 06:24 AM PDT Reuters - Pakistan's upper house Senate passed on Thursday constitutional amendments stripping unpopular President Asif Ali Zardari of his main powers and handing them to the prime minister and parliament.

Myanmar festival bombings kill eight, wound 94 (Reuters) Posted: 15 Apr 2010 07:38 AM PDT Reuters - Three bombs exploded at a water festival in the former Myanmar capital Yangon on Thursday, killing eight people and wounding 94, state TV said, blaming "destructive elements" for the attacks.

China revaluation would hurt U.S. jobs - study (Reuters) Posted: 15 Apr 2010 09:00 AM PDT Reuters - Extensive outsourcing by U.S. industry means that a revaluation of the Chinese yuan sought by many U.S. politicians would destroy U.S. jobs, a study by independent economists and other experts said on Thursday.

India to build 1st oil reserve facility by Oct 2011 (Reuters) Posted: 15 Apr 2010 05:46 AM PDT Reuters - India aims to build its first strategic oil reserve facility with a capacity of 1.33 million tonnes at Visakhapatnam by October 2011, said Rajan K. Pillai, chief executive officer of Indian Strategic Petroleum Reserve Ltd (ISPRL).

BSE Sensex down 3rd day; Infosys hits record high (Reuters) Posted: 15 Apr 2010 05:56 AM PDT Reuters - The BSE Sensex fell for the third straight session and shed 1 percent on Thursday as financials fell on worries of a rate hike next week by the Reserve Bank of India, but IT firm Infosys Technologies hit its all-time high.

Toyota to test all SUVs, suspends Lexus GX output (Reuters) Posted: 15 Apr 2010 04:09 AM PDT Reuters - Toyota Motor said on Thursday it would conduct safety tests on all its sport utility models after a report claiming that a handling problem in a new version Lexus put drivers at risk of rollover accidents.

South Asia monsoon seen normal - IMD official (Reuters) Posted: 15 Apr 2010 02:22 AM PDT Reuters - Monsoon rains in south Asia are expected to be normal this year, helped by weakening El Nino weather phenomenon, a senior Indian weather official said on Thursday.

Police defuse bomb on Delhi-bound train (Reuters) Posted: 15 Apr 2010 02:55 AM PDT Reuters - Police recovered and defused a bomb on a passenger train travelling to New Delhi early on Thursday, officials said, stirring fears about possible attacks by militant groups.

Infosys hits record high; rally seen limited (Reuters) Posted: 15 Apr 2010 03:13 AM PDT Reuters - Shares in Infosys Technologies hit an all-time high on Thursday after India's No.2 software services exporter had issued a strong sales forecast that indicated a healthy demand outlook for outsourcing services.

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