Morning News Call - India, February 5

In This Article:

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02052019.pdf If you would like to receive this newsletter via email, please register at: http://financial-risk-solutions.thomsonreuters.info/india-morning FACTORS TO WATCH 11:45 am: Punjab National Bank earnings press conference in New Delhi 6:30 pm: IDFC FIRST Bank earnings conference call in Mumbai Monetary Policy Committee’s three-day interest rate setting meeting begins in Mumbai LIVECHAT - U.S. TECH EARNINGS Reuters U.S. Tech Editor Supantha Mukherjee and U.S. Breaking News Editor Peter Henderson join us to breakdown the FAANG earnings and more at 4:30 pm IST. To join the conversation, click here https://refini.tv/2P8N0Wp INDIA TOP NEWS RCom moves appellate court to withdraw Ericsson appeal India's Reliance Communications on Monday moved the National Company Law Appellate Tribunal (NCLAT) to withdraw its appeal in a dispute with Ericsson as it seeks to pursue a debt resolution plan through the country's bankruptcy court.

Indian court rejects Tata Steel's move to block rival bids for Bhushan Power An Indian appeals tribunal has ruled against Tata Steel's effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel's offer to buy the indebted steel maker.

UK approves tycoon Mallya's extradition to India The British government has signed an order to extradite Indian liquor and aviation tycoon Vijay Mallya, the UK's Home Office said in a statement on Monday.

India says jeweler Choksi still a citizen, pushing for Antigua extradition Fugitive jeweler Mehul Choksi, a main defendant in India's largest bank fraud case, is still an Indian citizen despite holding an Antigua and Barbuda passport, an Indian official told Reuters, adding the government is pushing for his extradition.

India's April-Dec fiscal deficit narrows to 7.01 trln rupees- govt India's April-December fiscal deficit narrowed to 7.01 trillion rupees ($97.80 billion), or 112.4 percent of the budgeted target for the current fiscal year, government data showed on Monday.

GLOBAL TOP NEWS Alphabet's higher spending worries investors, shares dip Alphabet reported sharply higher fourth-quarter spending on video content, employees and facilities, worrying investors who sent the tech company's shares down about 3 percent after hours on Monday.

U.S. trade agency sees negotiating new WTO rules to rein in China as futile Negotiating new World Trade Organization rules to try to rein in China's "mercantalist" trade practices would be largely a futile exercise, the Trump administration's trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses.