Yahoo! News: India Top Stories - Reuters

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• BP agrees to $20 billion fund for spill claims (Reuters)
• Opener Sehwag turns into match-winning bowler (Reuters)
• Monsoon runs late, but no worries for now (Reuters)
• Muslim states seek U.N. action on West's "islamophobia" (Reuters)
• Buffett, Gates ask billionaires to give away wealth (Reuters)
• Swiss shock favourites Spain in Durban (Reuters)
• "Football dance" play a global soccer celebration (Reuters)
• Apple iPhone 4 sets record sale pace despite gaffe (Reuters)
• Reliance Capital to buy 18 pct in Bloomberg UTV (Reuters)
• Reliance Comm offers unlimited mobile internet access (Reuters)
• India shuns poor in Commonwealth Games makeover (Reuters)
• RBI warns against overreaction on rates (Reuters)
• Indraprastha Gas raises CNG prices by up to 26 pct (Reuters)
• BSE Sensex logs biggest winning run since Sept (Reuters)
• India beat Bangladesh by six wickets - Asia Cup (Reuters)
• Game on: Nintendo, Sony, Microsoft wage war (Reuters)
• INTERVIEW - StanChart's PE arm sees 3-4 deals in India by yr-end (Reuters)
• Bangladesh 167 all out v India - Asia Cup - innings (Reuters)
• Lakers and Celtics all square in classic NBA finals (Reuters)
• Plan panel deputy: Food inflation seen rising for 2 wks (Reuters)

BP agrees to $20 billion fund for spill claims (Reuters) Posted: 16 Jun 2010 01:11 PM PDT Reuters - Under intense pressure from President Barack Obama, BP Plc agreed on Wednesday to set up a $20 billion fund for claims from its huge Gulf of Mexico oil spill and suspended dividend payments to its shareholders.

Opener Sehwag turns into match-winning bowler (Reuters) Posted: 16 Jun 2010 09:11 AM PDT Reuters - Virender Sehwag turned match-winning bowler and his opening partner Gautam Gambhir scored a stubborn 82 to steer India to a comfortable six wicket win over Bangladesh in their Asia Cup match on Wednesday.

Monsoon runs late, but no worries for now (Reuters) Posted: 16 Jun 2010 04:28 AM PDT Reuters - The monsoon, crucial to its crops, is running four to five days behind schedule and has yet to reach half of its territory, though rains are expected by the weekend, senior weather department sources said on Wednesday.

Muslim states seek U.N. action on West's "islamophobia" (Reuters) Posted: 16 Jun 2010 11:18 AM PDT Reuters - Muslim states said on Wednesday that what they call "islamophobia" is sweeping the West and its media and demanded that the United Nations take tougher action against it.

Buffett, Gates ask billionaires to give away wealth (Reuters) Posted: 16 Jun 2010 11:50 AM PDT Reuters - Investor Warren Buffett and Microsoft founder Bill Gates announced on Wednesday that they are asking hundreds of billionaire Americans to give away at least 50 percent of their wealth to charity.

Swiss shock favourites Spain in Durban (Reuters) Posted: 16 Jun 2010 11:29 AM PDT Reuters - Outsiders Switzerland beat favourites Spain to score the biggest upset of the World Cup so far on Wednesday in a match as thrilling as it was shocking.

"Football dance" play a global soccer celebration (Reuters) Posted: 16 Jun 2010 07:28 AM PDT Reuters - A new soccer play on show in Bosnia and South Africa this month pays tribute to the transformative effects of the world's most popular sport.

Apple iPhone 4 sets record sale pace despite gaffe (Reuters) Posted: 16 Jun 2010 11:41 AM PDT Reuters - Sales of Apple Inc's latest iPhone blew away expectations despite an embarrassing ordering malfunction that turned away many would-be buyers, sending its shares nearly 3 percent higher on Wednesday.

Reliance Capital to buy 18 pct in Bloomberg UTV (Reuters) Posted: 16 Jun 2010 07:17 AM PDT Reuters - Reliance Capital, part of billionaire Anil Ambani's conglomerate, said on Wednesday it agreed to buy 18 percent in Bloomberg UTV, a business news channel.

Reliance Comm offers unlimited mobile internet access (Reuters) Posted: 16 Jun 2010 02:44 AM PDT Reuters - No. 2 Indian telecoms firm Reliance Communications said on Wednesday it would offer unlimited internet access to subscribers through their mobile phones at 99 rupees ($2) per month.

India shuns poor in Commonwealth Games makeover (Reuters) Posted: 16 Jun 2010 01:51 AM PDT Reuters - As millions across the globe focus their attention on the World Cup in South Africa, the Indian capital New Delhi is busy preparing to host another international sporting event - the 2010 Commonwealth Games.

RBI warns against overreaction on rates (Reuters) Posted: 16 Jun 2010 02:05 AM PDT Reuters - Reserve Bank of India (RBI) Deputy Governor Subir Gokarn signalled the central bank would continue to tighten monetary policy but warned against overreacting amid global economic uncertainty, casting doubt on the chances of an interest rate rise before a July 27 policy meeting.

Indraprastha Gas raises CNG prices by up to 26 pct (Reuters) Posted: 16 Jun 2010 07:17 AM PDT Reuters - Indraprastha Gas Ltd, which supplies gas in New Delhi and surrounding region, said on Wednesday it would raise retail prices of Compressed Natural Gas by 5.6 rupees per kg from Thursday due to an increase in natural gas prices.

BSE Sensex logs biggest winning run since Sept (Reuters) Posted: 16 Jun 2010 06:27 AM PDT Reuters - The BSE Sensex rose for a sixth straight session on Wednesday, its biggest winning run in nine months, as the success of European debt auctions encouraged fresh risk-taking and boosted world stocks.

India beat Bangladesh by six wickets - Asia Cup (Reuters) Posted: 16 Jun 2010 08:19 AM PDT Reuters - India beat Bangladesh by six wickets in the second match of the Asia Cup one-day international series played in Dambulla on Wednesday.

Game on: Nintendo, Sony, Microsoft wage war (Reuters) Posted: 15 Jun 2010 08:57 PM PDT Reuters - Electronics hardware makers on Tuesday showed off snazzy new devices enabling motion-sensing play and 3D effects, intensifying a battle to introduce video-gaming to a new generation of casual users.

INTERVIEW - StanChart's PE arm sees 3-4 deals in India by yr-end (Reuters) Posted: 16 Jun 2010 03:49 AM PDT Reuters - Standard Chartered Private Equity plans to invest in three to four Indian companies by the end of this year and sees opportunities in acquisition financing in Asia's third-largest economy, a top official said on Wednesday.

Bangladesh 167 all out v India - Asia Cup - innings (Reuters) Posted: 16 Jun 2010 05:17 AM PDT Reuters - Bangladesh were all out for 167 off 34.5 overs in their Asia Cup match against India in Dambulla on Wednesday.

Lakers and Celtics all square in classic NBA finals (Reuters) Posted: 15 Jun 2010 10:47 PM PDT Reuters - Back at home and back in form, the Los Angeles Lakers thumped the Boston Celtics 89-67 on Tuesday to force the NBA Finals series to a seventh game.

Plan panel deputy: Food inflation seen rising for 2 wks (Reuters) Posted: 16 Jun 2010 01:51 AM PDT Reuters - India's food inflation could rise in the next two weeks, Montek Singh Ahluwalia, deputy chairman of the Planning Commission, told reporters on Wednesday.

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