Morning News Call - India, February 21

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02212017.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: N. Chandrasekaran to take over as new chairman of Tata Sons in Mumbai.

11:00 am: Microsoft CEO Satya Nadela to meet Electronics and IT Minister Ravi Shankar Prasad in New Delhi.

12:00 pm: Environment Minister Anil Dave briefs media on air pollution in New Delhi.

1:30 pm: Reliance Industries Chairman Mukesh Ambani video statement in Mumbai.

2:00 pm: Finance Secretary Ashok Lavasa to speak at an event in New Delhi.

3:00 pm: Foreign Investment Promotion Board meets to consider 24 FDI proposals in New Delhi.

LIVECHAT-INDIAN CRICKET BEYOND BCCI AND IPL Cricketer Jatin Paranjpe joins us at 11:00 am to share his views on cricket in the Kohli era, IPL and on why despite repeated attempts cricket still remains a passionate sport in a handful of countries. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/">https://forms.thomsonreuters.com/communities/ LIVECHAT- FOREX PULSE We explore the outlook for FX markets with Derek Halpenny, European head of FX research at Bank of Tokyo-Mitsubishi UFJ at 3:30 pm. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/">https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • TCS announces up to $2.4 bln share buyback Software services exporter Tata Consultancy Services will buy back shares worth up to 160 billion rupees, it said on Monday, adding to pressure on similarly cash-rich rival Infosys to follow suit.

• Rosneft-led consortium plans to complete Essar acquisition next month -sources A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.

• Reliance's Jio hails Uber ride in payments battle with PayTM Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money.

• Goldman unit launches up to $82 mln block deal in Max Financial - terms A unit of Goldman Sachs has launched a block deal to sell up to $82.1 million worth of shares in Max Financial Services Ltd with an upsize option of $41.1 million, a deal term sheet showed on Monday.

• Russia to start deliveries of helicopters to India in 2019 Russia will start initial deliveries of military helicopters to India in 2019, with assembly and manufacturing to follow in Asia's fastest growing economy, the chief executive of state-owned manufacturer Russian Helicopters said on Monday.