Morning News Call - India, February 20

In This Article:

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02202018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:00 am: Reliance Retail MD V. Subramaniam, Future Group CEO Kishore Biyani, Arvind ED Kulin Lalbhai, Shoppers Stop MD Govind Shrikhande, Future Retail Joint MD Rakesh Biyani and other retail Industry officials at Retail Summit in Mumbai.

10:00 am: Power Minister R.K. Singh to address International R&D Conclave in New Delhi.

10:00 am: BSE to launch ‘Corporate Governance Scorecard’ report in Mumbai.

10:00 am: Magnetic Maharashtra Summit in Mumbai.

10:30 am: Federal Cabinet to meet in New Delhi.

LIVECHAT - REAL ESTATE OUTLOOK An outlook on the real estate sector for 2018 with Emmanuel Lumineau, CEO of BrickVest. To join the conversation at 1530 IST, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • India police arrest 3 more Punjab National Bank staff in fraud case India's federal police arrested three more employees of Punjab National Bank in a $1.77 billion fraud case, an official with Central Bureau of Investigation said on Monday.

• ANALYSIS-India's high-flying graphite electrode firms face curbs Indian manufacturers of graphite electrodes used in electric arc furnaces are booming on the back of China's pollution crackdown, but soaring prices have set the companies on a collision course with government and steelmakers.

• India bank hack "similar" to $81 million Bangladesh central bank heist Hackers who tried to steal nearly $2 million from India's City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh's central bank in 2016, City's CEO said on Monday.

• Singapore Exchange to launch new Indian derivatives before NSE deal ends Singapore Exchange Ltd said on Monday it will launch successor products to its flagship Indian equity index derivatives before the bourse's licence agreement with the National Stock Exchange of India expires in August 2018.

• Castlelake in talks to buy Brazil mill from Shree Renuka -sources U.S.-based private equity firm Castlelake LP is in talks to take over a sugar and ethanol plant in Brazil owned by Indian company Shree Renuka Sugars Ltd, according to two sources familiar with the negotiations.

• INTERVIEW-Vedanta seeks to expand zinc output after price rally Vedanta may accelerate expansion of its African zinc operations to take advantage of prices that have reached their highest levels in a decade because of a shortfall following years of under-investment, its international zinc head said.