Yahoo! News: India Top Stories - Reuters

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• Focus shifts to EU banks to scrape test pass (Reuters)
• PM maintains optimistic inflation forecast (Reuters)
• Royalties, weak euro hit profits at Maruti (Reuters)

Focus shifts to EU banks to scrape test pass (Reuters) Posted: 24 Jul 2010 06:45 AM PDT Reuters - So few banks failed Europe's long-awaited stress tests on Friday that investors will likely focus instead on the dozen or so banks that just scraped through when markets reopen next week.

PM maintains optimistic inflation forecast (Reuters) Posted: 23 Jul 2010 11:55 PM PDT Reuters - Prime Minister Manmohan Singh on Saturday reiterated his prediction headline inflation would ease to 6 percent by December, a forecast more optimistic than that delivered by his economic advisers a day before.

Royalties, weak euro hit profits at Maruti (Reuters) Posted: 24 Jul 2010 03:00 AM PDT Reuters - Maruti Suzuki, India's top carmaker, reported a surprise 20 percent fall in net profit in the quarter to June, hit by high raw material costs, an increase in royalty payments, and a weakening of the euro which hurt export revenues.

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