Yahoo! News: India Top Stories - Reuters

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• Pakistan minister optimistic on India talks (Reuters)
• Seven banks fail Europe's test, need 3.5 bln euros (Reuters)
• India should permit private coal mining - panel (Reuters)
• India develops world's cheapest "laptop" at $35 (Reuters)
• Over 25 killed as bus plunges down Kashmir gorge (Reuters)
• RBI head: discussed inflation with finmin (Reuters)
• Opposition may delay reforms in parliament (Reuters)
• Apple's white iPhone 4 delayed, in latest headache (Reuters)
• Bombardier wins $55 million metro car order (Reuters)
• FACTBOX - Key bills to be put before parliament (Reuters)
• Strong policy tightening needed - PM advisor (Reuters)
• Where's the beef? Not at the Commonwealth Games (Reuters)
• Govt must release more foodgrains to tame inflation - adviser (Reuters)
• Gilead AIDS drug safe for HIV prevention in study (Reuters)
• PM adviser backs bias towards policy tightening (Reuters)

Pakistan minister optimistic on India talks (Reuters) Posted: 23 Jul 2010 03:08 PM PDT Reuters - Pakistan's Information Minister said on Friday he was optimistic about the prospects for talks with India despite a deadlock at a meeting of the two countries' foreign ministers earlier this month.

Seven banks fail Europe's test, need 3.5 bln euros (Reuters) Posted: 23 Jul 2010 10:02 AM PDT Reuters - Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence showed on Friday.

India should permit private coal mining - panel (Reuters) Posted: 23 Jul 2010 08:51 AM PDT Reuters - India should allow private firms to mine coal to plug supply shortages and boost power generation key to propelling Asia's third-largest economy to double-digit growth rates, a top government advisory body said.

India develops world's cheapest "laptop" at $35 (Reuters) Posted: 23 Jul 2010 06:29 AM PDT Reuters - India has come up with the world's cheapest "laptop," a touch-screen computing device that costs $35.

Over 25 killed as bus plunges down Kashmir gorge (Reuters) Posted: 23 Jul 2010 08:04 AM PDT Reuters - More than 25 people were killed when an overcrowded bus veered off a mountain road in Kashmir and fell down a deep gorge into the River Chenab, police said on Friday.

RBI head: discussed inflation with finmin (Reuters) Posted: 23 Jul 2010 05:54 AM PDT Reuters - Reserve Bank of India (RBI) governor Duvvuri Subbarao said he discussed the country's macro-economic situation and inflation with Finance Minister Pranab Mukherjee on Friday, ahead of the Reserve Bank of India's quarterly policy review on Tuesday.

Opposition may delay reforms in parliament (Reuters) Posted: 23 Jul 2010 06:00 AM PDT Reuters - India's ruling coalition faces an emboldened opposition raring to attack it on soaring inflation and other issues when parliament resumes on Monday, possibly distracting from debate on several key reform bills.

Apple's white iPhone 4 delayed, in latest headache (Reuters) Posted: 23 Jul 2010 07:14 AM PDT Reuters - Customers will not be able to get their hands on Apple Inc's white iPhone 4 until later this year, the company said on Friday, conceding that making the model has proven surprisingly difficult.

Bombardier wins $55 million metro car order (Reuters) Posted: 23 Jul 2010 05:54 AM PDT Reuters - Bombardier Inc won an order for 40 metro cars worth about $55 million from India's Delhi Metro Rail Corp Ltd, the world's No. 1 train manufacturer said on Friday.

FACTBOX - Key bills to be put before parliament (Reuters) Posted: 23 Jul 2010 05:54 AM PDT Reuters - India's ruling coalition faces an emboldened opposition raring to attack it on soaring inflation and other issues when parliament resumes on Monday, possibly distracting from debate on several key reform bills.

Strong policy tightening needed - PM advisor (Reuters) Posted: 23 Jul 2010 02:17 AM PDT Reuters - The chairman of the Prime Minister's Economic Advisory Council on Friday called for strong monetary policy action to combat high inflation, days before the Reserve Bank of India (RBI) is set to raise rates for the fourth time this year.

Where's the beef? Not at the Commonwealth Games (Reuters) Posted: 22 Jul 2010 10:52 PM PDT Reuters - Beef will not be served at any of the catering outlets during the Commonwealth Games in New Delhi in October, organisers have confirmed.

Govt must release more foodgrains to tame inflation - adviser (Reuters) Posted: 23 Jul 2010 12:15 AM PDT Reuters - There is a need to release more food grains in the Indian market to tame food inflation, C. Rangarajan, the Prime Minister's economic adviser said on Friday.

Gilead AIDS drug safe for HIV prevention in study (Reuters) Posted: 23 Jul 2010 05:53 AM PDT Reuters - Gilead'sHIV drug tenofovir is safe to be given to men at high risk of contracting the virus as a preventative measure, scientists said on Friday, but further trials are needed to test its efficacy.

PM adviser backs bias towards policy tightening (Reuters) Posted: 23 Jul 2010 12:51 AM PDT Reuters - Headline inflation in India will ease to 7 or 8 percent by December, a top economic adviser said on Friday, higher than earlier official forecasts, and called for a bias towards monetary policy tightening to tame inflation.

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