Yahoo! News: India Top Stories - Reuters

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• INTERVIEW - India fear Commonwealth Games venues will not be ready (Reuters)
• Air India cancels 40 flights as employees strike (Reuters)
• Monsoon winds pause, but seen reviving - experts (Reuters)
• Black box of crashed Air India plane found (Reuters)
• Embattled BP readies bid to plug gushing Gulf well (Reuters)
• Germany eyes wider short-sale ban, euro down (Reuters)
• ANALYSIS - Ambani truce reopens key sectors for Mukesh (Reuters)
• Pakistani court quashes appeals Hafiz Mohammad Saeed (Reuters)
• Lodha wins Mumbai plot in record deal (Reuters)
• Telcos mull next move in 2G spectrum dispute (Reuters)
• U.S. needs BP technology in moves to "kill" oil spill (Reuters)
• ANALYSIS - Gas price rise to boost LNG, spur fuel reform (Reuters)
• StanChart India issue covered 5 pct on first day (Reuters)
• Global Internet group cautions against U.N. takeover (Reuters)
• Broadband spectrum bidding hots up (Reuters)
• Rupee dips to 8-mth low on weak shares, euro (Reuters)
• Opening up retail not a given: officials (Reuters)
• Farmers' gold sales may crimp imports (Reuters)
• BSE Sensex at 3-1/2-mth low as Europe rattles (Reuters)
• India's businesses see openings beyond cricket (Reuters)

INTERVIEW - India fear Commonwealth Games venues will not be ready (Reuters) Posted: 25 May 2010 10:59 AM PDT Reuters - Construction delays have raised fears that Commonwealth Games venues may not be fully ready in time providing a potential embarrassment for India which hopes the Games will showcase its rising economic power.

Air India cancels 40 flights as employees strike (Reuters) Posted: 25 May 2010 09:07 AM PDT Reuters - State-run Air India cancelled more than 40 flights on its domestic network on Tuesday after its ground staff called a strike to protest against what it called a media gag issued by the management to employees.

Monsoon winds pause, but seen reviving - experts (Reuters) Posted: 25 May 2010 07:50 AM PDT Reuters - Monsoon winds in South Asia have not advanced since last Friday after an early arrival in the region, but the vital June-September rainfall is still expected to be normal, weather scientists said on Tuesday.

Black box of crashed Air India plane found (Reuters) Posted: 24 May 2010 11:17 PM PDT Reuters - A black box recorder has been recovered from an Air India Express Boeing 737-800 aircraft that crashed in Mangalore last week, killing 158 people on board, an official said on Tuesday.

Embattled BP readies bid to plug gushing Gulf well (Reuters) Posted: 25 May 2010 03:07 PM PDT Reuters - BP Plc warned on Tuesday that a planned attempt to plug its gushing Gulf of Mexico oil well may be delayed or abandoned, as the energy giant faced mounting pressure from the Obama administration to contain the catastrophic spill.

Germany eyes wider short-sale ban, euro down (Reuters) Posted: 25 May 2010 03:42 PM PDT Reuters - Germany inched toward a wider ban on naked short selling of stocks and Italy approved austerity measures on Tuesday to contain a euro zone debt crisis that could lead U.S. officials to urge stress tests for European banks.

ANALYSIS - Ambani truce reopens key sectors for Mukesh (Reuters) Posted: 25 May 2010 04:46 AM PDT Reuters - For warring billionaire Ambani brothers, peace means competition.

Pakistani court quashes appeals Hafiz Mohammad Saeed (Reuters) Posted: 25 May 2010 04:38 AM PDT Reuters - Pakistan's Supreme Court on Tuesday upheld a lower court's decision to release an Islamist militant who India accuses of masterminding a 2008 assault on Mumbai, dismissing a government appeal.

Lodha wins Mumbai plot in record deal (Reuters) Posted: 25 May 2010 08:34 AM PDT Reuters - Real estate firm Lodha Developers paid more than twice the asking price to win a plot of land in central Mumbai for 40.5 billon rupees ($850 million), in what is seen as the single largest land transaction in the city.

Telcos mull next move in 2G spectrum dispute (Reuters) Posted: 25 May 2010 11:07 AM PDT Reuters - A tribunal refused to intervene on Tuesday in a dispute between telecoms carriers and their regulator over 2G spectrum fees, leaving the operators to decide whether to seek a court hearing.

U.S. needs BP technology in moves to "kill" oil spill (Reuters) Posted: 25 May 2010 09:26 AM PDT Reuters - Facing growing calls to take charge of the Gulf of Mexico oil spill response, the White House insisted on Tuesday that only BP Plc had the tools to plug the energy giant's gushing well.

ANALYSIS - Gas price rise to boost LNG, spur fuel reform (Reuters) Posted: 25 May 2010 04:21 AM PDT Reuters - The governments move to more than double the price of natural gas pumped by state firms will drive investment in gas output and spur LNG imports, raising the share of gas in the energy mix of Asia's third-largest oil consumer.

StanChart India issue covered 5 pct on first day (Reuters) Posted: 25 May 2010 07:50 AM PDT Reuters - UK bank Standard Chartered's India share sale to raise up to about $580 million was roughly 5 percent subscribed on its first day, with most bids at the low end of the price band, stock exchange data showed, as a global selldown kept a lid on demand.

Global Internet group cautions against U.N. takeover (Reuters) Posted: 25 May 2010 05:24 AM PDT Reuters - The head of the U.S.-monitored organisation in charge of assigning global internet addresses such as .com and .net has cautioned against proposals to put the group under U.N. or other international control.

Broadband spectrum bidding hots up (Reuters) Posted: 25 May 2010 07:50 AM PDT Reuters - Bids for one set of all-India wireless broadband spectrum licences reached 31.98 billion rupees ($670 million), or about 83 percent higher than the base price, on the second day of an auction, government data showed on Tuesday.

Rupee dips to 8-mth low on weak shares, euro (Reuters) Posted: 25 May 2010 06:15 AM PDT Reuters - The rupee on Tuesday fell to its lowest level in nearly eight months as escalating worries about the euro zone's banking system prompted investors to pull back from riskier assets and fanned strains in money markets, boosting demand for dollars across the board.

Opening up retail not a given: officials (Reuters) Posted: 25 May 2010 05:44 AM PDT Reuters - The government may make its first tentative steps to opening up the organised retail sector to foreign companies, a reform seen as dealing with massive supply bottlenecks that have kept inflation stubbornly high, a senior official said.

Farmers' gold sales may crimp imports (Reuters) Posted: 25 May 2010 03:48 AM PDT Reuters - India's scrap gold and silver supplies may receive a boost over the next few weeks as farmers seek to sell trinkets to buy seeds and fertilisers for their kharif crops, potentially crimping demand for imported bars.

BSE Sensex at 3-1/2-mth low as Europe rattles (Reuters) Posted: 25 May 2010 03:55 AM PDT Reuters - The BSE Sensex skidded 2.7 percent to its lowest close in three-and-a-half months on Tuesday as Europe's sovereign debt woes sparked heightened fears of larger foreign fund outflows.

India's businesses see openings beyond cricket (Reuters) Posted: 24 May 2010 06:02 PM PDT Reuters - On a recent Saturday afternoon, the Celtics took on Magic, cheered on by raucous onlookers. The pace was quick, the players committed and the rivalry intense.

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