Morning News Call - India, May 5
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05052016.pdf FACTORS TO WATCH 9:00 am: SEBI Chairman U.K. Sinha at Thomson Reuters South Asia risk summit in Mumbai.
11:00 am: Parliament session continues in New Delhi.
GMF: ASIA LIVECHAT - COMMODITIES FOCUS: Jonathan Barratt, Economist, CIO Ayers Alliance and Principal at Celsiuspro.com Is the tunaround in commodities here to stay, or are these moves just a bounce? Jonathan joins us at 1000 IST to talk oil, gold and metals, how he expects these commodities to perform and the key factors impacting markets in the future. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS India eyes cleanup of bad debt mountain as wary state banks hesitate India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets.
Supreme Court tells tobacco industry packs must carry bigger warnings Supreme Court told tobacco companies on Wednesday they must adhere to a new federal rule requiring much larger health warnings on cigarette packs, in a major setback for the $11 billion industry that opposes the new policy.
India rejects Apple's plan to import used iPhones India has rejected a plan by Apple Inc to import used iPhones, government officials said on Wednesday, a blow to the U.S. tech giant that has been seeking to revive waning sales of its flagship smartphones.
Jindal Steel in advanced talks to sell more assets-CEO Jindal Steel and Power is in advanced talks with some resources firms to sell more steel and mining assets, its CEO told Reuters, adding the company hopes to close a $976 million power plant deal well before a mid-2018 deadline.
U.S. slaps preliminary duties on certain Indian steel pipes The U.S. Commerce Department on Wednesday said it would slap preliminary duties on imports of welded stainless pressure pipe from India after finding the goods were being dumped in the U.S. market at below market prices.
India to start 2016/17 sugar year with 21.3 percent lower stocks-minister India, the world's biggest sugar consumer, is likely to start the 2016/17 marketing year on Oct. 1 with 7 million tonnes in carry-forward stocks, down 21.3 percent from a year ago, Food Minister Ram Vilas Paswan said on Wednesday.
GLOBAL TOP NEWS Australia clears AB Inbev's $100 bln SABMiller buyout plan Australia's antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's planned $100 billion takeover of rival SABMiller Plc, saying the deal would not adversely affect the domestic market.