Yahoo! News: India Top Stories - Reuters

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• Kasab sentenced to death for Mumbai attacks (Reuters)
• U.S. stock plunge raises alarm on algo trading (Reuters)
• Global stock, bond sales derailed by market woes (Reuters)
• Debt fears spark rout in stocks, euro tumbles (Reuters)
• FEATURE - In rapidly modernising India, caste fatally lurks (Reuters)
• Match fixing common in ICL, says former Pakistan captain (Reuters)
• Oil from Gulf spill creeps ashore in Louisiana (Reuters)
• Supreme Court to rule in Ambani gas row (Reuters)
• U.S. seeks Pakistan ties to talkative bomb suspect (Reuters)
• Savitri Jindal on world's richest mothers list (Reuters)
• FY10 exports fall; targets 15 pct export growth (Reuters)
• Greece backs austerity plan but euro, U.S. stocks fall (Reuters)
• Drug maker debut lands China's new richest man (Reuters)
• HP India to challenge tax claims (Reuters)
• Fuel prices stay high, keep pressure on rates (Reuters)
• Pakistani villagers condemn Mumbai trial sentence (Reuters)
• Britain votes in cliff-hanger election (Reuters)
• Bids for one all-India 3G licence reach $2.5 bln (Reuters)
• Aggressive 3G bids put more pressure on telcos (Reuters)

Kasab sentenced to death for Mumbai attacks (Reuters) Posted: 06 May 2010 06:05 AM PDT Reuters - A special court sentenced Pakistani citizen Mohammad Ajmal Kasab to death on Thursday over a three-day rampage through Mumbai in 2008 that killed 166 people and strained ties between India and Pakistan.

U.S. stock plunge raises alarm on algo trading (Reuters) Posted: 06 May 2010 05:51 PM PDT Reuters - A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.

Global stock, bond sales derailed by market woes (Reuters) Posted: 06 May 2010 06:15 PM PDT Reuters - Initial public offerings around the world are being cancelled as fear over Greece's deepening debt crisis and a sudden drop in U.S. stocks on Thursday rattled markets.

Debt fears spark rout in stocks, euro tumbles (Reuters) Posted: 06 May 2010 03:12 PM PDT Reuters - U.S. stocks plunged as much as 9 percent on Thursday as a wave of selling triggered by Europe's debt crisis turned into a stampede, pushing the euro to an almost 14 month-low and gold close to record highs.

FEATURE - In rapidly modernising India, caste fatally lurks (Reuters) Posted: 06 May 2010 04:25 PM PDT Reuters - Nirupama Pathak was young, educated and wanted to marry her boyfriend. But in India, where caste determines most things, police suspect the pregnant journalist was murdered by her mother in an "honour killing".

Match fixing common in ICL, says former Pakistan captain (Reuters) Posted: 06 May 2010 07:11 AM PDT Reuters - Former Pakistan captain Rashid Latif has been told that "a large number" of matches in the rebel Indian Cricket League (ICL) were fixed.

Oil from Gulf spill creeps ashore in Louisiana (Reuters) Posted: 06 May 2010 06:23 PM PDT Reuters - Oil from a massive spill in the Gulf of Mexico sloshed ashore on a chain of islands off the Louisiana coast on Thursday as the Obama administration accused BP Plc and its partners of making "very major mistakes" in the ill-fated drilling operation.

Supreme Court to rule in Ambani gas row (Reuters) Posted: 06 May 2010 04:25 PM PDT Reuters - The Supreme Court will on Friday issue a ruling in a gas-pricing dispute between the billionaire Ambani brothers that has rattled investors and raised concerns over the influence of powerful businesses on government policy.

U.S. seeks Pakistan ties to talkative bomb suspect (Reuters) Posted: 06 May 2010 04:02 PM PDT Reuters - The United States pushed Pakistan on Thursday to investigate possible ties between the Times Square bomb suspect and the Taliban, U.S. officials said, as the suspect provided more information to U.S. investigators.

Savitri Jindal on world's richest mothers list (Reuters) Posted: 06 May 2010 03:43 AM PDT Reuters - Having children isn't a barrier to making a billion dollars as eight women on a new list of the world's richest mothers showed.

FY10 exports fall; targets 15 pct export growth (Reuters) Posted: 06 May 2010 09:39 AM PDT Reuters - India's exports dropped 4.7 percent in the fiscal year 2009/10 as the global slowdown sapped demand, but Asia's third-largest economy is targetting close to 15 percent export growth this year, officials said on Thursday.

Greece backs austerity plan but euro, U.S. stocks fall (Reuters) Posted: 06 May 2010 01:16 PM PDT Reuters - The Greek parliament backed an austerity plan on Thursday despite violent unrest, as European Central Bank inaction on the nation's debt crisis helped to trigger major falls in the euro and on Wall Street.

Drug maker debut lands China's new richest man (Reuters) Posted: 06 May 2010 10:02 AM PDT Reuters - A pharmaceutical researcher once spurned by big state-owned firms became China's richest man on Thursday after shares in a drug maker partly owned by Goldman Sachs were listed in the southern boomtown of Shenzhen.

HP India to challenge tax claims (Reuters) Posted: 06 May 2010 10:23 AM PDT Reuters - Hewlett-Packard, the world's largest technology company by revenue, said it would challenge and refute tax claims made on it by Indian tax authorities.

Fuel prices stay high, keep pressure on rates (Reuters) Posted: 06 May 2010 01:01 AM PDT Reuters - The food inflation continued to ease in April, but fuel inflation was steady at its high level, keeping up pressure on headline inflation that could prompt further monetary tightening by the central bank.

Pakistani villagers condemn Mumbai trial sentence (Reuters) Posted: 06 May 2010 08:08 AM PDT Reuters - Residents of the home village of Mohammad Ajmal Kasab, sentenced to death by a court for the 2008 Mumbai assault, condemned his conviction on Thursday, saying it was the result of a conspiracy against Pakistan.

Britain votes in cliff-hanger election (Reuters) Posted: 06 May 2010 05:21 AM PDT Reuters - Britons voted on Thursday in a knife-edge election, with opinion polls suggesting the opposition Conservatives will win the popular vote but fail to secure an outright parliamentary majority.

Bids for one all-India 3G licence reach $2.5 bln (Reuters) Posted: 06 May 2010 06:45 AM PDT Reuters - Bids for one set of nationwide third-generation (3G) mobile spectrum licences reached 113.27 billion rupees ($2.5 billion) on the 23rd day of an auction, government data showed on Thursday.

Aggressive 3G bids put more pressure on telcos (Reuters) Posted: 06 May 2010 05:29 AM PDT Reuters - Aggressive bidding for 3G mobile spectrum in India, with the cost of one nationwide licence hitting $2.5 billion, puts further pressure on Indian carriers in a cutthroat market to make the most out of the new services.

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