Morning News Call - India, May 4
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05042016.pdf FACTORS TO WATCH 11:00 am: Parliament session continues in New Delhi.
12:30 pm: Power Minister Piyush Goyal to launch portal for Coal India in New Delhi.
6:00 pm: Trade Minister Nirmala Sitharaman and Trade Secretary Rita Teaotia at industry event in New Delhi.
6:15 pm: Federal cabinet likely to meet. Agenda not given in New Delhi.
GMF:ASIA LIVECHAT - MARKETS FOCUS with Michael Every, Head of Financial Markets Research for Asia-Pacific, Rabobank Are the markets at the start of a new rally, or is this just a bounce in an ongoing bear market? Michael join us at 1000 IST to share his insights on what the future of this risk rally looks like post the Fed and BOJ. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS Jindal brothers sign $976 million power deal Indian billionaire Sajjan Jindal's JSW Energy Ltd has agreed to buy a 1,000 megawatt power plant from his brother's heavily indebted Jindal Steel and Power Ltd in a deal valued at up to $976 million, the companies said.
Aviva takes an extra 23 percent stake in India JV Insurer Aviva said on Tuesday it had purchased an additional 23 percent share in Aviva Life Insurance Company India Limited from joint venture partner Dabur Invest Corp.
Slowing Indian sugar exports to boost Thai, Brazil sales in Asia An expected slowdown in Indian sugar exports as domestic prices surge, will boost the market share of Thai and Brazilian sugar in Asian markets, traders said on Tuesday.
Bidders emerge for Tata Steel's UK assets Two groups signalled their interest in buying the British assets of Tata Steel on Tuesday, offering hope that thousands of jobs could be saved after weeks of uncertainty. Two groups signalled their interest in buying the British assets of Tata Steel on Tuesday, offering hope that thousands of jobs could be saved after weeks of uncertainty.
GLOBAL TOP NEWS Trump wins big in Indiana, with a clear path as Cruz quits Republican front-runner Donald Trump swept to a commanding victory in Indiana on Tuesday, putting him on a glide path to the party's presidential nomination as Ted Cruz finally ended his campaign.
Pfizer approaches Medivation about potential takeover -sources Pfizer Inc has approached U.S. cancer drug maker Medivation Inc to express interest in an acquisition, raising the possibility of a bid rivaling a $9.3 billion offer by Sanofi SA, people familiar with the matter said on Tuesday.