Yahoo! News: India Top Stories - Reuters

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• Rahul Gandhi steps closer to power (Reuters)
• Supreme Court partially lifts mining ban in Karnataka (Reuters)
• BSE Sensex slips 387 pts on global selloff; IT, auto falter (Reuters)
• India hit by nationwide bank strike against reforms (Reuters)
• NEWSMAKER - India's "daughter in law" Sonia Gandhi (Reuters)
• Sonia Gandhi had successful surgery - party statement (Reuters)
• Ex-Goldman director Gupta, SEC to drop litigation (Reuters)
• Indian boxing franchise plans to go the distance (Reuters)
• Sell-off wipes $2.5 trln off world stocks this week (Reuters)
• Crops with deeper roots capture more carbon, fight drought - study (Reuters)
• BSE Sensex joins Asia rout; IT, financials suffer (Reuters)
• BSE Sensex extends fall to 3 pct as Asia slides (Reuters)

Rahul Gandhi steps closer to power (Reuters) Posted: 05 Aug 2011 06:51 AM PDT Reuters - The illness of Sonia Gandhi, India's most powerful political leader, may have set off a risky succession that could propel her inexperienced son Rahul to government just as the Congress party battles corruption scandals and high inflation.

Supreme Court partially lifts mining ban in Karnataka (Reuters) Posted: 05 Aug 2011 07:43 AM PDT Reuters - The Supreme Court partially lifted an iron ore mining ban imposed last week in Karnataka by allowing NMDC to mine up to 1 million tonnes per month of the steel-making ingredient from Aug. 6, according to a court document seen by Reuters.

BSE Sensex slips 387 pts on global selloff; IT, auto falter (Reuters) Posted: 05 Aug 2011 04:51 AM PDT Reuters - The BSE Sensex closed at its lowest level in nearly 14 months on Friday, falling 2.2 percent, following fresh worries of a global economic downturn that sparked a slide in markets globally.

India hit by nationwide bank strike against reforms (Reuters) Posted: 05 Aug 2011 05:04 AM PDT Reuters - A nationwide bank strike hit India on Friday as unions rebelled against proposals to allow more private ownership of state banking behemoths that could threaten jobs and benefits.

NEWSMAKER - India's "daughter in law" Sonia Gandhi (Reuters) Posted: 05 Aug 2011 01:28 AM PDT Reuters - As the Italian-born homemaker, mother-of-two and wife of then Prime Minister Rajiv Gandhi, few would have thought Sonia Gandhi would ever rise to become the most powerful figure in the world's largest democracy.

Sonia Gandhi had successful surgery - party statement (Reuters) Posted: 04 Aug 2011 10:12 PM PDT Reuters - Congress party chief Sonia Gandhi, the most powerful politician in the country, had a successful surgery on Aug. 4, her party said on Friday.

Ex-Goldman director Gupta, SEC to drop litigation (Reuters) Posted: 04 Aug 2011 09:15 PM PDT Reuters - Former Goldman Sachs Group Inc director Rajat Gupta and the U.S. Securities and Exchange Commission are dropping litigation against each other stemming from the sprawling federal insider trading probe.

Indian boxing franchise plans to go the distance (Reuters) Posted: 05 Aug 2011 01:00 AM PDT Reuters - The company that forked out $5 million for a World Series of Boxing (WSB) franchise has pledged its long-term commitment to the global amateur competition and is confident it can break even within seven years.

Sell-off wipes $2.5 trln off world stocks this week (Reuters) Posted: 05 Aug 2011 03:43 AM PDT Reuters - More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading towards another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis.

Crops with deeper roots capture more carbon, fight drought - study (Reuters) Posted: 05 Aug 2011 01:46 AM PDT Reuters - Creating crops with deeper roots could soak up much more carbon dioxide from the air, help mankind fight global warming and lead to more drought-tolerant varieties, a British scientist says in a study.

BSE Sensex joins Asia rout; IT, financials suffer (Reuters) Posted: 05 Aug 2011 12:09 AM PDT Reuters - MUMBAI (Reuters) The BSE Sensex touched its lowest level since June 2010 on Friday, joining a slide in Asian stocks, as fresh worries that the global economy is slipping back towards recession prompted investors to cut positions in risky assets.

BSE Sensex extends fall to 3 pct as Asia slides (Reuters) Posted: 04 Aug 2011 11:43 PM PDT Reuters - The BSE Sensex extended its fall to more than 3 percent on Friday, joining a decline in Asian stocks after fresh fears that the global economy is sliding back into recession.

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