Yahoo! News: India Top Stories - Reuters

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• RBI warns on inflation; rate hike seen (Reuters)
• FACTBOX - Economic issues at heart of Obama Asia trip (Reuters)
• More than 50 dead after boat capsizes off West Bengal (Reuters)
• India talks up Headley extradition ahead of Obama trip (Reuters)
• Suspended Pakistan duo say no evidence against them (Reuters)
• PM urges oil companies to expand overseas (Reuters)
• Governments review air security after Yemen plot (Reuters)
• INTERVIEW - Nepal running out of money as political row festers (Reuters)
• Google gaining on booming smartphone market (Reuters)
• ONGC eyes Exxon's stake in Angola block (Reuters)
• FACTBOX - Key political risks to watch in India (Reuters)
• Drug experts say alcohol worse than crack, heroin (Reuters)
• India, Vietnam agree to talk as Japan mulls CO2 credit (Reuters)
• Korea, India car makers see strong Oct sales, Japan hit (Reuters)
• Boat capsizes in Bay of Bengal, 50 feared dead (Reuters)
• RBI says inflation still above comfort level (Reuters)
• Pranab says inflation a matter of concern (Reuters)
• Yemen frees student held over parcel bombs (Reuters)
• Q+A - Is there momentum to open the retail sector to FDI? (Reuters)
• HSBC bank on rugby and golf to reach out to new markets (Reuters)

RBI warns on inflation; rate hike seen (Reuters) Posted: 01 Nov 2010 08:14 AM PDT Reuters - The Reserve Bank of India (RBI) cautioned on Monday that inflation is still above its comfort level, adding to expectations that it will raise interest rates for the sixth time this year at its monetary policy review on Tuesday.

FACTBOX - Economic issues at heart of Obama Asia trip (Reuters) Posted: 01 Nov 2010 04:25 PM PDT Reuters - President Barack Obama's upcoming trip to Asia will be focused on efforts to open up new markets for American goods and strengthen the U.S. economy, administration officials said on Monday.

More than 50 dead after boat capsizes off West Bengal (Reuters) Posted: 01 Nov 2010 07:40 AM PDT Reuters - Rescuers have recovered 54 bodies from the Bay of Bengal after a boat capsized off West Bengal and said on Monday they feared more people could be dead.

India talks up Headley extradition ahead of Obama trip (Reuters) Posted: 01 Nov 2010 05:19 AM PDT Reuters - India said on Monday it was pursuing the extradition of American David Headley who pleaded guilty to helping scout targets for the 2008 Mumbai attacks, ratcheting up a contentious issue days ahead of U.S. President Obama's visit.

Suspended Pakistan duo say no evidence against them (Reuters) Posted: 01 Nov 2010 07:40 AM PDT Reuters - Suspended Pakistan cricketers Salman Butt and Mohammad Amir accused the International Cricket Council (ICC) on Monday of treating them unfairly and said it had no evidence against them regarding spot-fixing allegations.

PM urges oil companies to expand overseas (Reuters) Posted: 01 Nov 2010 07:24 AM PDT Reuters - Prime Minister Manmohan Singh on Monday said India was urging its oil companies to flex their muscle overseas to meet an expected fuel demand spike of over 40 percent in the next decade to power its rapidly growing economy.

Governments review air security after Yemen plot (Reuters) Posted: 01 Nov 2010 08:58 AM PDT Reuters - Governments, airlines and aviation authorities around the world were reviewing security on Monday after U.S.-bound parcel bombs sent by air from Yemen were intercepted in Dubai and Britain.

INTERVIEW - Nepal running out of money as political row festers (Reuters) Posted: 01 Nov 2010 04:28 AM PDT Reuters - Nepal's government will run out of spending money in two weeks time if a political row that has blocked a new budget drags on, the finance minister said on Monday, making it unable to service its loans or pay salaries.

Google gaining on booming smartphone market (Reuters) Posted: 01 Nov 2010 04:44 AM PDT Reuters - Google's Android software platform rose to No. 2 spot globally on the booming smartphone market in the third quarter, research firm Canalys said on Monday.

ONGC eyes Exxon's stake in Angola block (Reuters) Posted: 01 Nov 2010 02:13 AM PDT Reuters - State-run explorer Oil and Natural Gas Corp is examining a proposal to buy U.S. energy major Exxon Mobil's holding in an oil block in Angola, a top official said on Monday.

FACTBOX - Key political risks to watch in India (Reuters) Posted: 01 Nov 2010 02:53 AM PDT Reuters - The government will have another shot at passing some key economic reforms when parliament meets from Nov. 9, but persistently high inflation has largely eroded its political capital, despite some positive talk of late on contentious steps such as opening up the retail sector.

Drug experts say alcohol worse than crack, heroin (Reuters) Posted: 01 Nov 2010 06:39 AM PDT Reuters - Alcohol is a more dangerous drug than both crack and heroin when the combined harms to the user and to others are assessed, British scientists said on Monday.

India, Vietnam agree to talk as Japan mulls CO2 credit (Reuters) Posted: 01 Nov 2010 04:59 AM PDT Reuters - Leaders of India and Vietnam have agreed with Japan's Prime Minister Naoto Kan to talks on a bilateral CO2-cut and carbon offset scheme, a Japanese government official said on Monday, as global climate talks look to stall.

Korea, India car makers see strong Oct sales, Japan hit (Reuters) Posted: 01 Nov 2010 02:13 AM PDT Reuters - South Korean car makers posted record sales in October while their Japanese rivals saw double-digit declines in domestic sales for the month, underscoring how the former is gaining ground globally.

Boat capsizes in Bay of Bengal, 50 feared dead (Reuters) Posted: 31 Oct 2010 08:17 PM PDT Reuters - About 50 people were feared dead after a boat capsized in the Bay of Bengal, Indian police said on Sunday.

RBI says inflation still above comfort level (Reuters) Posted: 01 Nov 2010 05:19 AM PDT Reuters - The Reserve Bank of India (RBI) said on Monday inflation remained above its comfort level and elevated food price inflation is cause for concern.

Pranab says inflation a matter of concern (Reuters) Posted: 01 Nov 2010 12:14 AM PDT Reuters - Inflation in India is a matter of concern, but is expected to moderate to acceptable levels, Finance Minister Pranab Mukherjee said on Monday, without specifying any time frame.

Yemen frees student held over parcel bombs (Reuters) Posted: 31 Oct 2010 08:25 PM PDT Reuters - Yemen on Sunday freed a woman suspected of mailing two parcel bombs found on U.S.-bound planes, saying she had been a victim of identity theft.

Q+A - Is there momentum to open the retail sector to FDI? (Reuters) Posted: 31 Oct 2010 11:20 PM PDT Reuters - India's moves to open up its multi-brand retail sector to foreign investors is a headline issue for U.S. President Barack Obama's visit to the country, closely watched by retail giant Wal-Mart Stores Inc.

HSBC bank on rugby and golf to reach out to new markets (Reuters) Posted: 01 Nov 2010 12:41 AM PDT Reuters - It clearly pays to be part of the Olympics and golf and rugby sevens have already started counting the cash.

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