Yahoo! News: India Top Stories - Reuters

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• Pranab Mukherjee says U.S. downgrade situation "grave" - PTI (Reuters)
• India growth not harmed by U.S. downgrade - adviser (Reuters)
• U.S. loses AAA rating;G7 may meet as euro zone crisis (Reuters)
• S&P's Beers: It was our duty to downgrade the U.S. (Reuters)
• Dravid recalled to ODI squad after two years (Reuters)
• Hard graft proves rewarding for Sania Mirza (Reuters)
• India F1 track will be ready, says chief (Reuters)
• Obama: More work ahead to get US finances in order (Reuters)
• China flays U.S. over credit rating downgrade (Reuters)
• US loses AAA rating; G7 may meet as euro zone crisis (Reuters)

Pranab Mukherjee says U.S. downgrade situation "grave" - PTI (Reuters) Posted: 06 Aug 2011 01:57 AM PDT Reuters - The downgrading of the U.S.'s top-tier credit rating has created a grave situation, the finance minister was quoted as saying on Saturday.

India growth not harmed by U.S. downgrade - adviser (Reuters) Posted: 06 Aug 2011 01:44 AM PDT Reuters - India's economic growth will not be affected by the cut in the U.S. credit rating, the prime minister's chief economic adviser told Reuters on Saturday, but said Washington's recent fiscal consolidation deal did not go far enough.

U.S. loses AAA rating;G7 may meet as euro zone crisis (Reuters) Posted: 06 Aug 2011 02:09 AM PDT Reuters - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, hours after investors alarmed by the euro zone debt crisis forced Italy to speed up an austerity drive.

S&P's Beers: It was our duty to downgrade the U.S. (Reuters) Posted: 05 Aug 2011 11:56 PM PDT Reuters - The top official behind Standard & Poor's historic decision on Friday to downgrade the United States' prized triple-A credit rating said it was his company's duty to make such a hard and controversial call.

Dravid recalled to ODI squad after two years (Reuters) Posted: 06 Aug 2011 05:57 AM PDT Reuters - Rahul Dravid received a surprise recall to India's one-day squad after a two-year absence while selectors left out the injured Yuvraj Singh and Harbhajan Singh for the limited-overs series against England.

Hard graft proves rewarding for Sania Mirza (Reuters) Posted: 06 Aug 2011 12:10 AM PDT Reuters - Having been troubled by career-threatening wrist problems for four years, Indian number one Sania Mirza has no interest in wasting another second.

India F1 track will be ready, says chief (Reuters) Posted: 06 Aug 2011 01:13 AM PDT Reuters - India's motor sports chief has dismissed concerns about the readiness of the track for the country's Formula One debut in October but is unhappy about reports the race could be shifted to the stifling heat of April next season.

Obama: More work ahead to get US finances in order (Reuters) Posted: 06 Aug 2011 03:25 AM PDT Reuters - President Barack Obama urged lawmakers on Saturday to set aside partisan politics after a fierce debt battle, saying they must work to put America's fiscal house in order and refocus on stimulating its stagnant economy.

China flays U.S. over credit rating downgrade (Reuters) Posted: 06 Aug 2011 03:54 AM PDT Reuters - The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.

US loses AAA rating; G7 may meet as euro zone crisis (Reuters) Posted: 06 Aug 2011 02:10 AM PDT Reuters - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, hours after investors alarmed by the euro zone debt crisis forced Italy to speed up an austerity drive.

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