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Morning News Call - India, April 22

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04222016.pdf FACTORS TO WATC 2:00 pm: Banks Board Bureau meets to discuss banking sector issues in New Delhi.

2:00 pm: Oil Minister Dharmendra Pradhan briefs media on GiveItUp campaign in New Delhi.

2:30 pm: HDFC Bank Deputy Managing Director Paresh Sukthankar at conference call post quarterly earnings in Mumbai.

5:00 pm: Weekly foreign exchange data in Mumbai.

GMF:EMEA LIVECHAT - THE WEEKAHEAD - with Reuters markets editor Mike Dolan Join Reuters markets editor Mike Dolan at 1530 IST as he goes through the key macroeconomic and political themes for the coming week. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS  Vodafone invites banks to pitch for $2-2.5 billion Indian IPO - sources Vodafone Group has set the ball rolling for the long-awaited initial public offer of shares in its Indian subsidiary by inviting banks, including Citigroup, Goldman Sachs and Morgan Stanley, to make pitches to manage it, people with direct knowledge of the deal said.

 Asian banks' bad debt pile highest since global financial crisis Bad debts at Asian banks have climbed to their highest since the global financial crisis and the trend will likely worsen as regional economies battle against China's slowdown and volatile oil and commodities prices, a Reuters data analysis shows.

 UK ready to take stake in Tata's steel plants in rescue deal Britain could part-nationalise Tata's UK steel plants by taking a 25 percent equity stake, as part of a support package worth hundreds of millions of pounds designed to attract a buyer and save at least 10,000 jobs.

 More than 100 feared dead in India heat wave More than 100 people are feared dead in India in an early-summer heat wave which forced schools to close and halted outdoor work like construction, government officials said on Thursday.

GLOBAL TOP NEWS  Google's parent Alphabet misses Wall Street view, hit by strong dollar Google's parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday, driving shares of the Web search company down 6 percent in late trading on Thursday.

 VW forges U.S. deal arising from diesel emissions scandal Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping U.S. deal on Thursday to buy back or potentially fix about a half million polluting diesel cars and set up environmental and consumer compensation funds.