Yahoo! News: India Top Stories - Reuters

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• UK's Cameron woos India to boost trade, create jobs (Reuters)
• Sri Lanka torment India with run fest (Reuters)
• Maradona dropped as Argentina coach (Reuters)
• Bindra among six brand ambassadors for Commonwealth Games (Reuters)
• Reliance Inds Q1 net up 32 pct, margins seen rising (Reuters)
• RBI lifts interest rates, more tightening seen (Reuters)
• India courts Myanmar junta with stronger ties (Reuters)
• Monsoon rains turn normal in July (Reuters)
• Bangladesh university battles to save tree from extinction (Reuters)
• Vedanta faces protests over Orissa mine project (Reuters)
• BP gets 'wake-up call' and $32 bln in spill charges (Reuters)
• Chandhok to sit out Hungarian GP (Reuters)
• Karnataka bans iron ore exports from 10 ports (Reuters)
• Inflation may go below double-digits - RBI (Reuters)
• No plans to hike FDI cap in defence sector - Antony (Reuters)
• Farm minister Sharad Pawar to meet sugar industry over reform (Reuters)
• ONGC, PetroVietnam to bid for BP's Vietnam asset (Reuters)
• Malaysia fines Muslims for Hindu temple protest (Reuters)
• End-March inflation seen around 6 pct - RBI (Reuters)

UK's Cameron woos India to boost trade, create jobs (Reuters) Posted: 27 Jul 2010 04:35 PM PDT Reuters - British Prime Minister David Cameron will try to persuade India on Wednesday to do more business with Britain as he seeks new sources of economic growth to offset deep cuts in public spending at home.

Sri Lanka torment India with run fest (Reuters) Posted: 27 Jul 2010 06:58 AM PDT Reuters - Kumar Sangakkara smashed his seventh test double hundred and Mahela Jayawardene broke Don Bradman's record for the most test centuries at one venue as a rampant Sri Lanka tormented India in the second test on Tuesday.

Maradona dropped as Argentina coach (Reuters) Posted: 27 Jul 2010 03:15 PM PDT Reuters - Diego Maradona's stormy spell as Argentina coach came to an end on Tuesday when soccer chiefs voted unanimously not to renew his contract, the country's AFA football association said.

Bindra among six brand ambassadors for Commonwealth Games (Reuters) Posted: 27 Jul 2010 06:39 AM PDT Reuters - Beijing Olympic gold medal winning shooter Abhinav Bindra and five others sportspersons were named on Tuesday as brand ambassadors for the 2010 Commonwealth Games in New Delhi.

Reliance Inds Q1 net up 32 pct, margins seen rising (Reuters) Posted: 27 Jul 2010 09:32 AM PDT Reuters - Reliance Industries, India's largest listed company, posted a 32 percent rise in June quarter profit on higher gas production, with demand for refined products in fast-growing Asia and improving margins set to drive growth.

RBI lifts interest rates, more tightening seen (Reuters) Posted: 27 Jul 2010 08:24 AM PDT Reuters - The Reserve Bank of India (RBI) raised interest rates more forcefully than expected on Tuesday to fight inflation that is on track to hit double digits for a sixth straight month, setting the stage for more policy tightening.

India courts Myanmar junta with stronger ties (Reuters) Posted: 27 Jul 2010 09:14 AM PDT Reuters - India on Tuesday promised Myanmar millions of dollars in assistance to build railways and roads during a visit by the Southeast Asian country's junta chief as New Delhi seeks to offset China's influence in the region.

Monsoon rains turn normal in July (Reuters) Posted: 27 Jul 2010 07:57 AM PDT Reuters - India's monsoon rainfall in the key crop-planting month of July has been normal, recovering sharply after a 16 percent deficit in June, two sources in the weather office told Reuters on Tuesday.

Bangladesh university battles to save tree from extinction (Reuters) Posted: 27 Jul 2010 05:03 PM PDT Reuters - A unique tree at Dhaka University in Bangladesh has united students across the campus who are battling to save it from extinction and hold out hopes that its seeds may prove to have medicinal qualities.

Vedanta faces protests over Orissa mine project (Reuters) Posted: 27 Jul 2010 09:14 AM PDT Reuters - India-focused Vedanta Resourceswill face protests at its shareholders' meeting on Wednesday from investors and pressure groups over its plans to build a bauxite mine in Orissa which is sacred to indigenous people.

BP gets 'wake-up call' and $32 bln in spill charges (Reuters) Posted: 27 Jul 2010 01:42 PM PDT Reuters - BP Plc's newly named chief executive on Tuesday called the Gulf oil spill a "wake-up call" for the entire industry as the company tallied up its losses and disclosed two U.S. investigations.

Chandhok to sit out Hungarian GP (Reuters) Posted: 27 Jul 2010 09:42 AM PDT Reuters - Indian driver Karun Chandhok will miss Sunday's Hungarian Formula One Grand Prix after also being dropped by Hispania for last weekend's race in Germany.

Karnataka bans iron ore exports from 10 ports (Reuters) Posted: 27 Jul 2010 04:26 AM PDT Reuters - Karnataka, the country's second largest producer of iron ore, has banned exports of the steelmaking ingredient from 10 of its ports, government sources said on Tuesday.

Inflation may go below double-digits - RBI (Reuters) Posted: 27 Jul 2010 05:17 AM PDT Reuters - India's inflation is likely to fall below double-digits in a month or two, Reserve Bank of India (RBI) deputy governor Subir Gokarn said on Tuesday.

No plans to hike FDI cap in defence sector - Antony (Reuters) Posted: 27 Jul 2010 04:02 AM PDT Reuters - Th government has no plans to raise the foreign direct investment ceiling in the defence equipment sector, Defence Minister A.K. Antony told parliament in a written reply on Tuesday.

Farm minister Sharad Pawar to meet sugar industry over reform (Reuters) Posted: 27 Jul 2010 04:02 AM PDT Reuters - Farm Minister Sharad Pawar has called a meeting with top sugar industry officials on Thursday to discuss lifting restrictions on the heavily regulated sector, industry and government sources said.

ONGC, PetroVietnam to bid for BP's Vietnam asset (Reuters) Posted: 27 Jul 2010 03:28 AM PDT Reuters - The state-run explorer Oil and Natural Gas Corp and PetroVietnam are expected to submit a formal offer within a few weeks for buying BP's stake in an offshore Vietnamese gas field, Oil Secretary S. Sundareshan said on Tuesday.

Malaysia fines Muslims for Hindu temple protest (Reuters) Posted: 27 Jul 2010 02:34 AM PDT Reuters - A Malaysian court sentenced a Muslim to a week in jail on Tuesday and fined 11 others for a brandishing a cow's head during a protest against the construction of a Hindu temple.

End-March inflation seen around 6 pct - RBI (Reuters) Posted: 27 Jul 2010 03:12 AM PDT Reuters - The inflation at end-March will be around 6 percent, Reserve Bank of India (RBI) Governor Duvvuri Subbarao told reporters on Tuesday.

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