Yahoo! News: India Top Stories - Reuters

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• Lawmakers accuse BP chief of evasion over oil spill (Reuters)
• Report assails Canada on Air India attack (Reuters)
• Anupam Kher withdraws from film on Hitler (Reuters)
• Rains 8 pct below normal in wk to June 16 (Reuters)
• BP's $20 billion spill fund echoes in Bhopal justice cry (Reuters)
• CHRONOLOGY - Report slams Canada on Air India bombing (Reuters)
• Bachchans shine at "Raavan" world premiere in London (Reuters)
• U.N. panel on Sri Lanka to be named next week (Reuters)
• India, China companies most optimistic in 5 quarters (Reuters)
• BUSINESS BOOKS - Bigger bonus, worse performance (Reuters)
• ANALYSIS - Foreign firms take shine to $70 bln India solar push (Reuters)
• Buffett, Gates ask billionaires to give away wealth (Reuters)
• Bharti starts hosted contact centre services (Reuters)
• Concerns on inflation push up bond yields (Reuters)
• Autos, FMCG to lead India growth in FY11 (Reuters)
• Slumdog's Boyle to direct 2012 Olympic ceremony (Reuters)
• BSE Sensex rises 7th day; Reliance, L&T gain (Reuters)
• BP agrees to $20 bln spill fund, cuts dividend (Reuters)
• Inflation at uncomfortable levels - Rangarajan (Reuters)

Lawmakers accuse BP chief of evasion over oil spill (Reuters) Posted: 17 Jun 2010 01:27 PM PDT Reuters - U.S. lawmakers berated BP Chief Executive Tony Hayward at a hostile congressional hearing on Thursday, accusing him of evasion and ducking responsibility for the worst oil spill in U.S. history.

Report assails Canada on Air India attack (Reuters) Posted: 17 Jun 2010 11:50 AM PDT Reuters - Canada needs a security tsar to avoid repeating the "cascading series of errors" by intelligence and police agencies that led to the bombing of Air India Flight 182, an inquiry into the case said on Thursday.

Anupam Kher withdraws from film on Hitler (Reuters) Posted: 17 Jun 2010 10:01 AM PDT Reuters - Protests by India's small Jewish community have prompted leading actor Anupam Kher to pull out of a film on the last days of Adolf Hitler, a rare subject for a movie in the Bollywood film industry.

Rains 8 pct below normal in wk to June 16 (Reuters) Posted: 17 Jun 2010 04:01 AM PDT Reuters - India's annual monsoon rains, vital to the trillion-dollar economy's farm output and economic growth, were 8 percent below normal in the week to June 16, said India Meteorological Department on Thursday, reflecting slow progress.

BP's $20 billion spill fund echoes in Bhopal justice cry (Reuters) Posted: 17 Jun 2010 05:15 AM PDT Reuters - Indian activists seeking justice in the world's worst industrial disaster are accusing the United States of "double standards", saying it was punishing firms polluting American soil but ignoring their mistakes abroad.

CHRONOLOGY - Report slams Canada on Air India bombing (Reuters) Posted: 17 Jun 2010 11:50 AM PDT Reuters - A "cascading series of errors" by intelligence and police agencies led to the 1985 bombing of Air India Flight 182, a government report said on Thursday. It recomends Canada create a new security tsar to prevent future attacks.

Bachchans shine at "Raavan" world premiere in London (Reuters) Posted: 17 Jun 2010 03:09 AM PDT Reuters - Bollywood came to London on Wednesday as Indian cinema's star couple, husband and wife Abhishek Bachchan and Aishwarya Rai, hit the red carpet for the world premiere of the Hindi film "Raavan."

U.N. panel on Sri Lanka to be named next week (Reuters) Posted: 17 Jun 2010 10:31 AM PDT Reuters - The United Nations should by next week name a panel to advise Secretary-General Ban Ki-moon on accountability for potential war crimes in Sri Lanka, the world body's top political official said on Thursday.

India, China companies most optimistic in 5 quarters (Reuters) Posted: 17 Jun 2010 03:40 AM PDT Reuters - Asia's top companies are at their most optimistic in five quarters as robust economic growth in the region outweighs concerns about debt problems in Europe and renewed market volatility, a new Reuters index shows.

BUSINESS BOOKS - Bigger bonus, worse performance (Reuters) Posted: 17 Jun 2010 12:13 PM PDT Reuters - Around the turn of every year, bankers can think of only one thing: the size of their bonuses.

ANALYSIS - Foreign firms take shine to $70 bln India solar push (Reuters) Posted: 16 Jun 2010 11:06 PM PDT Reuters - India's drive to ramp up solar capacity may trigger a stampede of firms from Asia, Europe and North America, chasing a share of the $3.5 billion of business up for grabs by 2013 and trampling over smaller domestic players.

Buffett, Gates ask billionaires to give away wealth (Reuters) Posted: 16 Jun 2010 07:40 PM 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.

Bharti starts hosted contact centre services (Reuters) Posted: 16 Jun 2010 11:16 PM PDT Reuters - Bharti Airtel has partnered Cisco and Indian firm Servion to launch hosted contact centre services in India, the leading Indian mobile phone operator said on Thursday.

Concerns on inflation push up bond yields (Reuters) Posted: 17 Jun 2010 04:12 AM PDT Reuters - Indian policymakers said on Thursday that they were concerned about soaring prices, moving bond yields off day lows as investors saw a greater chance of an early interest rate hike despite a slight easing in food and fuel price inflation.

Autos, FMCG to lead India growth in FY11 (Reuters) Posted: 17 Jun 2010 02:49 AM PDT Reuters - Profit recovery in India will be led by auto, consumer goods and metal firms this year while credit growth at larger banks is likely to be slow as concerns of rising inflation and monetary tightening loom, analysts said.

Slumdog's Boyle to direct 2012 Olympic ceremony (Reuters) Posted: 17 Jun 2010 04:54 AM PDT Reuters - Oscar-winning filmmaker Danny Boyle will direct the London 2012 Olympic opening ceremony, organisers said on Thursday, and he immediately promised a "thrilling welcome" for both athletes and the world.

BSE Sensex rises 7th day; Reliance, L&T gain (Reuters) Posted: 17 Jun 2010 04:22 AM PDT Reuters - The BSE Sensex climbed on Thursday for the seventh consecutive session in its longest winning run in 10 months, driven by expectations for robust corporate earnings growth and improving global risk appetite.

BP agrees to $20 bln spill fund, cuts dividend (Reuters) Posted: 16 Jun 2010 08:18 PM PDT Reuters - Under intense pressure from U.S. President Barack Obama, BP Plc said on Wednesday it will set up a $20 billion fund for damage claims from its huge Gulf of Mexico oil spill, sell assets and suspend dividend payments to shareholders.

Inflation at uncomfortable levels - Rangarajan (Reuters) Posted: 17 Jun 2010 12:05 AM PDT Reuters - India's inflation rate has reached uncomfortable levels and some action from the Reserve Bank of India (RBI) is needed to curb demand-side pressures, C. Rangarajan, chairman of the prime minister's Economic Advisory Council, said on Thursday.

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