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1. Indian equities markets open with an upswing IANS - 10:26 AM

   Mumbai May 16 (IANS) Indian equities markets opened in the green zone Friday, taking off from the positive close overnight and mirroring strong cues from global markets. 

2. Tech Mahindra gets $700 mln contract from BT - paper Reuters - 09:56 AM

   MUMBAI (Reuters) - Telecommunications firm Tech Mahindra Ltd has bagged a $700-million contract from BT Group to improve the latter's IT infrastructure, the Economic Times newspaper reported on Friday. 

3. World Bank provides $600 million for India's elementary education plan IANS - 09:42 AM

   Washington, May 16 (IANS) The World Bank has approved a $600 million credit to support to India's Sarva Shiksha Abhiyan (SSA), a nationwide centrally sponsored programme designed to provide education to all children aged 6 to 14. 

4. Icahn to battle Yahoo to accept Microsoft bid Reuters - 06:50 AM

   By Dane Hamilton
   NEW YORK (Reuters) - Financier Carl Icahn launched a campaign to replace Yahoo Inc's board with directors who would reopen talks with Microsoft Corp, saying Yahoo acted "irrationally" in refusing the software company's $47.5 billion bid. 

5. Blackstone reports loss, but sees markets thawing Reuters - 02:29 AM

   By Megan Davies
   NEW YORK (Reuters) - Private equity company Blackstone Group reported a first-quarter loss on Thursday as it cut the value of its investments, but said it saw signs of recovery in the markets and in banks' ability to lend for deals. 

6. 

   FAO sees energy, biofuel keeping world food costly Reuters - Thu, May 15

   By Randall Palmer
   OTTAWA (Reuters) - World food prices should stay high because of rising energy costs and the use of biofuels, but they may ease after stocks are replenished, the Food and Agriculture Organization (FAO) said on Thursday. 

7. 

   Prices causing people to curb gasoline use - Exxon chief Reuters - Thu, May 15

   WASHINGTON (Reuters) - The price of gasoline in the United States is at or near the level where people begin to curb their usage, Exxon Mobil Corp chief executive Rex Tillerson told NBC's "Today" program on Thursday. 

8. 

   Bharti to build more mobile towers in Delhi Reuters - Thu, May 15

   NEW DELHI (Reuters) - India's Bharti Airtel Ltd plans to expand its phone towers in Delhi by more than quarter this year to feed rapidly growing users, the leading mobile operator said on Thursday. 

9. 

   Indian shares climb 2.2 pct, energy firms rise Reuters - Thu, May 15

   By Hiral Vora
   MUMBAI (Reuters) - Indian shares rallied 2.2 percent on Thursday to their highest close in a week, boosted by gains in Reliance Industries Ltd and Reliance Communications Ltd, which won regulatory nod for its unit's share sale. 

10. 

    Oil near $125 a barrel, eyes dollar Reuters - Thu, May 15

    By Jane Merriman
    LONDON (Reuters) - Oil rose on Thursday, boosted partly by weakness in the U.S. dollar after strong economic growth data from France and Germany pushed the euro higher.