Yahoo! News: India Top Stories - Reuters

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• UK, Ireland set new flying zone, cut ash disruption (Reuters)
• Rajaratnam seeks more detail on charges, delay (Reuters)
• Govt sets new power addition goals; misses old targets (Reuters)
• China avoids condemning India over telecoms ban (Reuters)
• Maoist bus attack kills about 35 in Dantewada - govt (Reuters)
• U.N. picks Costa Rican Figueres as new climate chief (Reuters)
• Govt discusses lifting foreign defence investment (Reuters)
• India tests nuclear-capable Agni II missile (Reuters)
• Bank for the poor hopes to teach Wall St a lesson (Reuters)
• India issues cyclone alert on east coast (Reuters)
• Ex-McKinsey exec settles with SEC in Galleon case (Reuters)
• Thai troops close in on protest encampment (Reuters)
• Bids for one all-India 3G licence hit $3.54 bln (Reuters)
• Monsoon reaches Andaman region early - Met office (Reuters)
• Reliance MediaWorks trains small army to meet 3D surge (Reuters)
• ANALYSIS - Twenty20 comes of age in Caribbean feast (Reuters)
• FY11 IIP growth seen in double-digits - official (Reuters)
• HIV among gay, bisexual men at alarming highs in Asia (Reuters)
• Germany captain Ballack out of World Cup (Reuters)
• BP says capturing some of oil leak, trying for more (Reuters)

UK, Ireland set new flying zone, cut ash disruption (Reuters) Posted: 17 May 2010 04:16 PM PDT Reuters - Britain's air traffic control body said on Monday it had agreed the creation of a new flying zone with Irish officials and aircraft manufacturers to limit the disruption caused by ash emitted by an Icelandic volcano.

Rajaratnam seeks more detail on charges, delay (Reuters) Posted: 17 May 2010 05:08 PM PDT Reuters - U.S. charges of illegal insider trading against Galleon hedge fund founder Raj Rajaratnam lack sufficient detail of trades, sources, tippers and co-conspirators for him to prepare a defence in time for trial in October, his lawyers said in court papers on Monday.

Govt sets new power addition goals; misses old targets (Reuters) Posted: 17 May 2010 04:14 AM PDT Reuters - India plans to boost its power generation capacity by over 12 percent in the fiscal year that began in April, Planning Commission deputy chairman Montek Singh Ahluwalia said on Monday, even as the country yet again missed its targets for the previous year.

China avoids condemning India over telecoms ban (Reuters) Posted: 17 May 2010 04:33 AM PDT Reuters - China's commerce ministry said on Monday New Delhi should not discriminate against Chinese firms, but did not directly condemn a bar on Indian operators buying telecoms equipment from two Chinese companies.

Maoist bus attack kills about 35 in Dantewada - govt (Reuters) Posted: 17 May 2010 11:13 AM PDT Reuters - About 35 people, including policemen, were killed when Maoist rebels detonated a landmine under a bus in Chhattisgarh on Monday, a government official said, the second major attack in as many months.

U.N. picks Costa Rican Figueres as new climate chief (Reuters) Posted: 17 May 2010 03:37 PM PDT Reuters - The United Nations appointed Christiana Figueres of Costa Rica on Monday to be its climate chief to head stalled international talks on how to contain the world's greenhouse gas emissions.

Govt discusses lifting foreign defence investment (Reuters) Posted: 17 May 2010 11:13 AM PDT Reuters - The trade ministry has suggested almost tripling the foreign direct investment cap on defence equipment to 74 percent, a major policy change that would crowd many local companies out of the lucrative sector.

India tests nuclear-capable Agni II missile (Reuters) Posted: 17 May 2010 11:13 AM PDT Reuters - After two failures in a row last year, India successfully tested its nuclear-capable Agni II missile on Monday, officials said.

Bank for the poor hopes to teach Wall St a lesson (Reuters) Posted: 17 May 2010 12:50 PM PDT Reuters - Nobel Peace Prize-winner Muhammad Yunus opened a branch of his Grameen Bank in Manhattan on Monday, saying he hopes the big Wall Street banks just a subway ride away can learn from his success in granting small loans to the poor.

India issues cyclone alert on east coast (Reuters) Posted: 17 May 2010 07:23 AM PDT Reuters - The government issued a cyclone alert at ports in Orissa on Monday after a depression formed in the Bay of Bengal started to intensify, officials said.

Ex-McKinsey exec settles with SEC in Galleon case (Reuters) Posted: 17 May 2010 11:13 AM PDT Reuters - A former McKinsey & Co director who pleaded guilty to criminal charges in the Galleon hedge fund insider trading case reached a $2.8 million civil settlement with the U.S. market regulator, according to a court document on Monday.

Thai troops close in on protest encampment (Reuters) Posted: 17 May 2010 11:12 AM PDT Reuters - Thai protesters defied warnings to disperse on Monday as troops tightened a security cordon, putting the army on a collision course with thousands of demonstrators who say they are willing to fight to the death.

Bids for one all-India 3G licence hit $3.54 bln (Reuters) Posted: 17 May 2010 07:16 AM PDT Reuters - Bids for one set of nationwide third-generation (3G) mobile spectrum licences in India reached 161.64 billion rupees ($3.54 billion) on the 32nd day of an auction, an indication the government could earn revenue of about 653 billion rupees from the auction.

Monsoon reaches Andaman region early - Met office (Reuters) Posted: 17 May 2010 04:09 AM PDT Reuters - Monsoon rains, vital for farm output in India's trillion-dollar economy, are running ahead of schedule and have reached the first landmark of its four-month journey across the subcontinent, a senior weather official said.

Reliance MediaWorks trains small army to meet 3D surge (Reuters) Posted: 17 May 2010 06:55 AM PDT Reuters - India's Reliance MediaWorks, part of the Reliance ADA group, is training a small army of artists to meet the rise in demand for 3D films following the huge success of James Cameron's "Avatar" and other films.

ANALYSIS - Twenty20 comes of age in Caribbean feast (Reuters) Posted: 17 May 2010 08:09 AM PDT Reuters - Twenty20 cricket came home with England's impressive World Cup win on Sunday and the game which began as a crowd-pleasing thrash really came of age over the past three weeks in the Caribbean.

FY11 IIP growth seen in double-digits - official (Reuters) Posted: 17 May 2010 06:52 AM PDT Reuters - India's industrial output is expected to be in double-digits in the current fiscal year that started in April, Industry Secretary R.P. Singh said on Monday.

HIV among gay, bisexual men at alarming highs in Asia (Reuters) Posted: 17 May 2010 04:09 AM PDT Reuters - HIV prevalence among gay and bisexual men has hit alarming levels in Asia and most of them do not have access to services and care due to punitive laws which drive them underground, a U.N.-backed report said on Monday.

Germany captain Ballack out of World Cup (Reuters) Posted: 17 May 2010 06:46 AM PDT Reuters - Germany's World Cup hopes suffered a severe blow on Monday when captain Michael Ballack was ruled out of next month's finals in South Africa with an ankle injury.

BP says capturing some of oil leak, trying for more (Reuters) Posted: 17 May 2010 06:46 AM PDT Reuters - Energy giant BP said on Monday it was capturing about a fifth of the estimated oil gushing from its ruptured undersea Gulf of Mexico well and hoped to increase that amount before trying to fully stop the flow later in the week.

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