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To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04022018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 11:00 am: Budget session of Parliament continues in New Delhi.
12:00 pm: Oil Minister Dharmendra Pradhan to talk about introduction of BS VI fuels in New Delhi.
INDIA TOP NEWS • India's electronics ministry moots duties on key smartphone component -sources India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in a series of moves aimed at boosting domestic manufacturing in the world's second-biggest smartphone market.
• POLL-RBI to take hawkish stance by end-2018, hike rates early next year The Reserve Bank of India will keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build, according to a Reuters poll of economists.
• India's CBI probing Videocon, husband of ICICI Bank CEO, in loan case- sources Indian police have launched a preliminary investigation into the husband of ICICI Bank's chief executive, as well as officials at the lender and at Videocon Group, two sources said on Saturday, to assess whether there was any wrongdoing in lending practices.
• Tata Steel's Dutch deal could threaten Thyssenkrupp venture - union A far-reaching agreement between India's Tata Steel and its Dutch unit could put at risk plans for a steel joint venture with Thyssenkrupp, the German group's supervisory board vice chairman said.
• India's top refiner plans $22 bln expansion over five years Indian Oil plans to invest $22 billion in next five years as the country's top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030, its head of refineries said on Saturday.
• Toyota, Suzuki to produce cars for each other in India Toyota Motor Corp and Suzuki Motor Corp agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world's fifth-largest passenger car market.
• ANALYSIS-Uber seen girding for battle with Ola in India ahead of IPO Uber's decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it's locked in a fierce battle with local rival, Ola, industry analysts say.
• India slashes potash subsidy by 10 percent, could hurt imports The Indian cabinet on Wednesday slashed subsidies for potash-based fertiliser by more than 10 percent for the next fiscal year beginning April 1, as the world's leading importer of the crop nutrient tries to contain a fiscal deficit.