Yahoo! News: India Top Stories - Reuters

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• Govt to hike petrol prices, may follow with diesel (Reuters)
• China, India meet to focus on trade, despite mistrust (Reuters)
• Assange back in UK jail as Sweden appeals bail (Reuters)
• Inflation eases, RBI seen keeping rates on hold (Reuters)
• Pacemen versus Sehwag will be key contest says Morkel (Reuters)
• Nepal police quiz ex-crown prince over gun row (Reuters)
• Environment ministry to decide on Lavasa on Wed - source (Reuters)
• Bus plunges into reservoir in Mysore, 17 dead (Reuters)
• Allardyce lacked our vision, say Blackburn's new Indian owners (Reuters)
• Veteran U.S. diplomat Richard Holbrooke dies (Reuters)
• Huawei aims India investments of over $2 bln in 5 yrs (Reuters)
• Govt trying for minimal diesel price hike - Deora (Reuters)
• WikiLeaks' Assange defiant as lawyers seek bail (Reuters)
• Munjals to buy Honda stake in JV for $1 bln - report (Reuters)
• Govt may allow FDI in multi-brand retail in 3 mths - Pantaloon (Reuters)
• State-run firms may raise petrol price this week - source (Reuters)
• UK names nine electric cars, including Tata Vista, eligible for subsidy (Reuters)
• Assange still committed to publishing secret documents - mother (Reuters)
• FACTBOX - How the Chinese and Indian economies stack up (Reuters)
• Actress Elizabeth Hurley announces marriage split on Twitter (Reuters)

Govt to hike petrol prices, may follow with diesel (Reuters) Posted: 14 Dec 2010 01:55 PM PST Reuters - India's state-run oil retailers will raise petrol prices starting Wednesday by the most in six months and New Delhi also plans to lift diesel prices, possibly stoking inflation and adding to the government's political woes.

China, India meet to focus on trade, despite mistrust (Reuters) Posted: 14 Dec 2010 04:21 AM PST Reuters - The leaders of India and China meet this week to try to boost trade and soothe tensions between two nations accounting for more than a third of humanity and crucial for driving global economic growth.

Assange back in UK jail as Sweden appeals bail (Reuters) Posted: 14 Dec 2010 01:56 PM PST Reuters - WikiLeaks founder Julian Assange, a target of U.S. ire for releasing secret cables, returned to a London jail on Tuesday pending an appeal over a decision to free him on 200,000 pound ($317,400) bail for alleged sex crimes.

Inflation eases, RBI seen keeping rates on hold (Reuters) Posted: 13 Dec 2010 11:27 PM PST Reuters - Inflation eased in line with expectations to its lowest level in a year for November, giving the Reserve Bank of India (RBI) room to leave interest rates on hold at its policy review later this week. India's wholesale price index rose 7.48 percent in November from a year earlier compared with 8.58 percent in October, data released on Tuesday showed -- exactly matching a Reuters poll forecast.

Pacemen versus Sehwag will be key contest says Morkel (Reuters) Posted: 14 Dec 2010 08:54 AM PST Reuters - South Africa fast bowler Morne Morkel said on Tuesday the contest between the home side's fast bowlers and India opener Virender Sehwag would be the key contest in the forthcoming three-test series.

Nepal police quiz ex-crown prince over gun row (Reuters) Posted: 14 Dec 2010 05:31 AM PST Reuters - Nepal's former Crown Prince Paras, notorious for nightclub brawls and drink-driving antics while heir to the throne, was questioned by police on Tuesday over accusations he fired a gun during an argument at the weekend.

Environment ministry to decide on Lavasa on Wed - source (Reuters) Posted: 14 Dec 2010 03:48 AM PST Reuters - The environment ministry will finalise by Wednesday evening on whether or not to clear Hindustan Construction Co's Lavasa township near Pune, a senior ministry source told reporters, on condition of anonymity.

Bus plunges into reservoir in Mysore, 17 dead (Reuters) Posted: 14 Dec 2010 06:13 AM PST Reuters - At least 17 people were killed when a small bus fell into a reservoir near Mysore, police said on Tuesday.

Allardyce lacked our vision, say Blackburn's new Indian owners (Reuters) Posted: 14 Dec 2010 05:31 AM PST Reuters - Sam Allardyce was sacked because his football vision did not fit in with that of Blackburn Rovers' new Indian owners who believe the club should be fourth or fifth in the Premier League.

Veteran U.S. diplomat Richard Holbrooke dies (Reuters) Posted: 13 Dec 2010 08:26 PM PST Reuters - Richard Holbrooke, the U.S. diplomat who brokered the accord that ended the war in Bosnia and served as U.S. special representative for Afghanistan and Pakistan, died on Monday.

Huawei aims India investments of over $2 bln in 5 yrs (Reuters) Posted: 14 Dec 2010 07:05 AM PST Reuters - Chinese telecoms gear maker Huawei aims to invest more than $2 billion in India over the next five years in areas including expansion of its research and manufacturing capabilities in the country, one of the world's biggest telecoms markets.

Govt trying for minimal diesel price hike - Deora (Reuters) Posted: 14 Dec 2010 04:52 AM PST Reuters - The government is considering a hike in diesel prices to help state-run marketing firms cushion the blow of higher crude oil prices, the oil minister said on Tuesday.

WikiLeaks' Assange defiant as lawyers seek bail (Reuters) Posted: 14 Dec 2010 04:21 AM PST Reuters - WikiLeaks founder Julian Assange has denounced the firms that suspended payments to his website as instruments of U.S. foreign policy and called for help in protecting his work from their "illegal and immoral attacks".

Munjals to buy Honda stake in JV for $1 bln - report (Reuters) Posted: 13 Dec 2010 09:12 PM PST Reuters - The owner of Hero Group is set to buy Honda Motor's 26 percent stake in joint venture Hero Honda for about $1 billion or half the current market value, the Economic Times reported on Tuesday.

Govt may allow FDI in multi-brand retail in 3 mths - Pantaloon (Reuters) Posted: 14 Dec 2010 03:09 AM PST Reuters - The government may allow foreign direct investment in multi-brand retail in the next three months, a Pantaloon Retail (India) Ltd executive said on Tuesday.

State-run firms may raise petrol price this week - source (Reuters) Posted: 14 Dec 2010 03:00 AM PST Reuters - State-run oil marketing firms may raise petrol prices by 2.0-2.50 rupees per litre this week, a government source told reporters on Tuesday. "IOC is coordinating with other oil companies for the price increase.

UK names nine electric cars, including Tata Vista, eligible for subsidy (Reuters) Posted: 14 Dec 2010 03:09 AM PST Reuters - The British government on Tuesday revealed the first nine electric vehicles that will be eligible for their purchasers to receive subsidies of up to 5,000 pounds ($7,935) under a plan to promote low-carbon transport.

Assange still committed to publishing secret documents - mother (Reuters) Posted: 14 Dec 2010 12:43 AM PST Reuters - WikiLeaks founder Julian Assange told his mother from his prison cell in London that he remained committed to publishing secret U.S. cables, despite condemnation from Washington and elsewhere, Australian television reported on Tuesday.

FACTBOX - How the Chinese and Indian economies stack up (Reuters) Posted: 14 Dec 2010 12:01 AM PST Reuters - As Asia's growth titans China and India race to modernise and urbanise their countries, ties between them could be increasingly tested as they compete to realise their economic ambitions.

Actress Elizabeth Hurley announces marriage split on Twitter (Reuters) Posted: 13 Dec 2010 09:20 PM PST Reuters - British actress and model Elizabeth Hurley used her Twitter account to announce that she had separated from her husband of three years, businessman Arun Nayar.

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