(India Morning Call will not be published through the year-end holiday season from December 25, 2015 to January 1, 2016. Normal service will resume from January 4, 2016. Season's Greetings and Happy New Year.) To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12242015.pdf INDIA TOP NEWS India says closing in on Westinghouse deal to build 6 nuclear reactors India expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year, a senior government official said, in a sign its $150 billion dollar nuclear power programme is getting off the ground.
Weak corporate balance sheets raise risks for India's banks: RBI report Risks to India's banking sector have risen in the last six months, given a deterioration in asset quality and lackluster corporate profit growth, according to a report released by the Reserve Bank of India on Wednesday.
Banks see credit pick up as India Inc borrows again India's banks say they expect credit growth to pick up moderately this financial year after falling to an almost two-decade low, as consumer confidence grows and companies resume borrowing to keep plants running and fund new projects.
India delays bankruptcy law, fails to break deadlock on tax Indian lawmakers sent a proposed bankruptcy law for review on Wednesday, closing off a raucous parliament session without transacting any major legislative business including a signature reform on state taxes.
India to launch new crop damage insurance scheme India will launch a new farm crop insurance scheme early next year and use drones and other technologies to assess crop damage, the agriculture minister said on Wednesday, in what could be Prime Minister Narendra Modi's first major move to address rural hardship.
Idea Cellular launches 4G ahead of Reliance roll-out Idea Cellular Ltd, India's third-biggest mobile phone operator, launched high-speed fourth-generation (4G) mobile phone services across the country's south on Wednesday, beating rival Reliance Jio.
India's Piramal eyes nutrition, cough-cold brands to boost consumer health arm India's Piramal Enterprises Ltd is exploring buying nutritional supplements and cough and cold brands to grow its consumer healthcare business to among the three largest in the country by 2020, a senior executive said.
India's Reliance Infra in advanced talks to sell cement unit for $394 mln - source India's Reliance Infrastructure Ltd is in advanced talks to sell its cement business for 26 billion rupees ($394 million) and a deal could be announced as soon as this week, said a source with direct knowledge of the matter.