India Top Stories - Reuters

BANGALORE (Reuters) - The Sensex rose 7.4 percent on Monday, snapping a five-day losing run with its biggest rise in more than four years as the government sought to reassure investors it was working to shield India from the global crisis.

STOCKHOLM (Reuters) - U.S. economist Paul Krugman, a fierce critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday.

NEW YORK (Reuters) - Global stocks soared in their biggest one-day advance in at least 20 years on Monday while oil prices jumped after European governments took bold steps to restore market confidence and avert a worldwide recession.

BANGALORE (Reuters) - Sachin Tendulkar was dismissed 14 runs short of equalling Brian Lara's world runs record as India clung on for a draw in the first test against Australia on Monday.

CUTTACK, India (Reuters) - Asked when he thought attacks by Hindu mobs against Christians would end in this remote part of eastern India, local Christian leader Ranjit Nayak replied immediately, and with a resigned smile.

BHUBANESWAR, India (Reuters) - More than 500 policemen have been deployed in Orissa after the arrest of a senior leader who had been spearheading protests against South Korean steel maker POSCO.

ISLAMABAD (Reuters) - Pakistan President Asif Ali Zardari has warned a brewing row with India over the waters of the Chenab river in the disputed Kashmir region could harm improving ties between the old rivals.

NEW DELHI (Reuters) - Finance Minister Palaniappan Chidambaram moved to reassure markets on Monday the government was trying to shield the economy from the global financial crisis, sparking a rally in the country's battered stock market and currency.

SINGAPORE (Reuters) - Australia injected a huge amount of cash into its markets on Monday while India's money market won slight respite from another cut in banks' reserve requirements as short-term lending remained stressed globally.

MUMBAI (Reuters) - For over a century, family-run business empires have held sway in India, but acrimonious succession battles are now turning off foreign investors and prompting Indian corporations to adopt post-dynastic strategies.

MUMBAI (Reuters) - ICICI Bank's chief executive said on Monday deposits with India's second-largest bank are safe and that it had a cushion to absorb domestic and overseas shocks, helping boost its battered shares by a quarter.

BANGALORE (Reuters) - India's main share market index extended its gains to 7 percent on Monday afternoon, boosted by the finance minister saying the government was working on more measures to improve liquidity.

VATICAN CITY/BHARANANGANAM, India (Reuters) - Pope Benedict created India's first woman saint on Sunday and appealed for an end to anti-Christian violence there that has claimed dozens of lives since August.

SRINAGAR (Reuters) - At least 25 people were hurt on Sunday when police in Kashmir fired bullets and teargas to disperse hundreds of demonstrators mourning the death of protesters killed by government forces, police said.

KUALA LUMPUR (Reuters) - The world readied on Monday for a slew of bank bailouts worth hundreds of billions of dollars in an effort to staunch the credit rout that threatens to tip the global economy into recession.

MUMBAI (Reuters) - Leading Bollywood actor Amitabh Bachchan will be discharged in a few days from a Mumbai hospital where he was admitted after complaints of abdominal pain, a hospital official said on Sunday.

CANBERRA (Reuters) - Sri Lanka's war on separatist rebels will not be slowed by international financial turmoil placing pressure on the government's military budget, Foreign Minister Rohitha Bogollagama said on Monday.

BANGALORE (Reuters) - Australia's batsmen regained control of the first test against India on a difficult pitch on Sunday, taking the visitors to 193 for five at the close of the fourth day.

PARIS (Reuters) - Nations from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to halt a markets crash with pledges to back lending, buy stakes in financial institutions and take other emergency steps.

MUMBAI (Reuters) - India may escape the worst consequences of the global financial crisis due to its strong internal drivers for growth but money, debt and credit markets may be impacted indirectly, its central bank chief said.

RAIPUR, India (Reuters) - An elderly woman in Chhattisgarh jumped into her husband's funeral pyre, killing herself in an outlawed custom, police said on Sunday.

FUJI, Japan (Reuters) - Renault's Fernando Alonso stormed to his second win in a row at a wild Japanese Grand Prix on Sunday, while McLaren's championship leader Lewis Hamilton plunged from first to last and failed to score.

WASHINGTON/CANBERRA (Reuters) - Rich nations rushed to shore up the global financial system after the International Monetary Fund warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's biggest retail bank rescue.

LONDON (Reuters) - Spain, Germany and England all chalked up victories in their qualifiers for the 2010 World Cup on Saturday while France, finalists two years ago, had to fight back from two goals down to draw 2-2 in Romania.

NEW YORK (Reuters) - The world bet solidly on recapitalizing ailing banks as the fastest way out of the financial crisis in a clear new direction on Monday that reinvigorated stock markets after their worst week in history.

FUJI, Japan (Reuters) - Formula One leader Lewis Hamilton went from first to last in Sunday's Japanese Grand Prix after a poor start and then clashing with Ferrari rival Felipe Massa on the second lap.

MOSCOW (Reuters) - The top players could boycott next year's WTA Tour if their questions were left unanswered, world number three Dinara Safina said on Saturday.

WASHINGTON (Reuters) - The IMF warned the world's financial system was near meltdown and France promised that a meeting of European leaders in Paris will detail measures to keep a market panic from triggering the most severe global downturn in decades.