Yahoo! News: India Top Stories - Reuters

---

• Congress quizzes oil executives, BP tries new fix (Reuters)
• Libyan jet crash kills 103, Dutch boy only survivor (Reuters)
• "3 Idiots" front-runner for IIFA honours (Reuters)
• Gold flies to record, investors seek safety (Reuters)
• China telecoms gear firms seek to allay India fears (Reuters)
• Morgan Stanley probed by Federal authorities - WSJ (Reuters)
• India, Brazil challenge EU at WTO over drugs (Reuters)
• Bharti Airtel slams 2G fee policy as shares plunge (Reuters)
• American held at Cairo airport with weapons (Reuters)
• Local protests hit India's power generation plants (Reuters)
• Thai election plan scrapped as tensions rise (Reuters)
• Bids for one all-India 3G licence reach $3.21 bln (Reuters)
• Nepal says to miss constitution deadline; crisis fears (Reuters)
• Microsoft launches new Office, vies online with Google (Reuters)
• New UK coalition government sets out agenda (Reuters)
• "Mind King" Anand hangs onto FIDE world chess title (Reuters)
• Chief economic adviser Basu says time China revalued yuan (Reuters)
• RBI sees high risk from stronger monetary action (Reuters)
• INTERVIEW - Wal-Mart steps up India rollout, hopes rules ease (Reuters)
• Spain joins euro zone austerity bandwagon (Reuters)

Congress quizzes oil executives, BP tries new fix (Reuters) Posted: 12 May 2010 05:54 PM PDT Reuters - U.S. lawmakers on Wednesday pressed oil executives about flaws in a key safety device on a blown-out Gulf of Mexico well, as BP pushed another effort to control a huge oil spill that threatens environmental disaster.

Libyan jet crash kills 103, Dutch boy only survivor (Reuters) Posted: 12 May 2010 02:23 PM PDT Reuters - A Libyan Airbus jet crashed early on Wednesday as it tried to land at Tripoli airport, killing 103 people on board and leaving a Dutch boy the sole survivor, Libyan officials said.

"3 Idiots" front-runner for IIFA honours (Reuters) Posted: 12 May 2010 12:38 PM PDT Reuters - Rajkumar Hirani's "3 Idiots" is the clear favourite at next month's International Indian Film Academy (IIFA) awards with fourteen nominations, including best film, at India's version of the Oscars.

Gold flies to record, investors seek safety (Reuters) Posted: 12 May 2010 10:13 AM PDT Reuters - Gold surged to a record high on Wednesday as investors sought safety from the risk of Greece's debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing.

China telecoms gear firms seek to allay India fears (Reuters) Posted: 12 May 2010 07:06 AM PDT Reuters - China's two big telecoms gear makers, blocked from selling equipment in India, the world's fastest-growing mobile market, scrambled on Wednesday to allay New Delhi's security fears and said they may build factories in the country.

Morgan Stanley probed by Federal authorities - WSJ (Reuters) Posted: 12 May 2010 06:03 PM PDT Reuters - U.S. federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, The Wall Street Journal said, citing people familiar with the matter.

India, Brazil challenge EU at WTO over drugs (Reuters) Posted: 12 May 2010 10:53 AM PDT Reuters - India and Brazil launched a trade dispute against the European Union and the Netherlands on Wednesday, saying their seizures of generic drugs were hurting healthcare in poor countries and disrupting international trade.

Bharti Airtel slams 2G fee policy as shares plunge (Reuters) Posted: 12 May 2010 08:51 AM PDT Reuters - A plan to slap new fees on second-generation mobile spectrum in India drew howls of protest from carriers and sent their shares skidding.

American held at Cairo airport with weapons (Reuters) Posted: 12 May 2010 08:06 AM PDT Reuters - An Egyptian-American was arrested at Cairo airport on Tuesday night after arriving on a direct flight from New York carrying two pistols, 250 bullets, two swords and 11 knives in his luggage, airport officials said.

Local protests hit India's power generation plants (Reuters) Posted: 12 May 2010 07:37 AM PDT Reuters - India will miss its power generation target by a bigger margin than previously estimated as local people are opposing new projects, Home Minister Palaniappan Chidambaram said on Wednesday.

Thai election plan scrapped as tensions rise (Reuters) Posted: 12 May 2010 08:15 AM PDT Reuters - The Thai government on Wednesday cancelled plans for a November election and scrapped talks with protesters occupying Bangkok's commercial district for nearly six weeks, but softened its line on an earlier crackdown threat.

Bids for one all-India 3G licence reach $3.21 bln (Reuters) Posted: 12 May 2010 07:37 AM PDT Reuters - Bids for one set of nationwide third-generation (3G) mobile spectrum licences in India reached 144.66 billion rupees ($3.21 billion) on the 28th day of an auction, an indication the government could earn revenue of about 584 billion rupees from the auction.

Nepal says to miss constitution deadline; crisis fears (Reuters) Posted: 12 May 2010 10:07 AM PDT Reuters - Nepal will miss a deadline to prepare a new constitution, officials said on Wednesday, raising fears of fresh political tension in a country yet to fully emerge from years of a civil war that killed thousands.

Microsoft launches new Office, vies online with Google (Reuters) Posted: 12 May 2010 08:33 AM PDT Reuters - Microsoft Corp launches an updated version of its Office software on Wednesday, aiming to keep its grip on the hugely profitable business application market while countering the challenge of free online alternatives from Google Inc.

New UK coalition government sets out agenda (Reuters) Posted: 12 May 2010 08:15 AM PDT Reuters - Britain's first coalition government since 1945 unveiled its ministerial team on Wednesday and said it would speed up efforts to cut the country's budget deficit as it emerges from a deep recession.

"Mind King" Anand hangs onto FIDE world chess title (Reuters) Posted: 12 May 2010 05:56 AM PDT Reuters - Chess grandmaster Viswanathan Anand retained the FIDE (governing body) world title, labouring to an energy-sapping 6.5-5.5 win over challenger Veselin Topalov of Bulgaria in a dramatic final match in Sofia on Tuesday night.

Chief economic adviser Basu says time China revalued yuan (Reuters) Posted: 12 May 2010 07:46 AM PDT Reuters - The finance ministry's chief economic adviser on Wednesday said it was time China revalued its local currency, held steady against the dollar since mid-2008.

RBI sees high risk from stronger monetary action (Reuters) Posted: 12 May 2010 06:49 AM PDT Reuters - The risks associated with stronger monetary action were very high, Subir Gokarn, a deputy governor at the Reserve Bank of India (RBI) said on Wednesday.

INTERVIEW - Wal-Mart steps up India rollout, hopes rules ease (Reuters) Posted: 12 May 2010 01:10 AM PDT Reuters - Wal-Mart Stores Inc, the world's biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules.

Spain joins euro zone austerity bandwagon (Reuters) Posted: 12 May 2010 04:12 AM PDT Reuters - Spain became the latest euro zone country to announce sweeping austerity measures on Wednesday as the executive European Commission sought unprecedented power to pre-vet national budgets.

You are subscribed to email updates from Yahoo! News: India Top Stories - Reuters To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610