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GMF: SOUTH CHINA SEA FOCUS Dhruva Jaishankar, Fellow in Foreign Policy Studies at Brookings India and the Brookings Institution in Washington DC, joins us at 1030 IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • India rate setters highlight inflation spike risk, signal rate hikes India's interest rate setting committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its last meeting.
• India central bank objects to payments regulator outside its control India's central bank issued a rare public objection on Friday to a government-led panel's recommendation for payments systems to be overseen by a regulator that would be set up outside the central bank's control.
• HDFC Bank reports record profit for July-Sept quarter HDFC Bank has reported record profit for the three months ending Sept. 30 broadly in line with expectations, helped by higher interest and fee income.
• India's cenbank eases bank lending limits to some non-banking finance firms The Reserve Bank of India on Friday eased lending norms related to certain non-banking finance companies (NBFCs) as liquidity concerns in the sector persist and markets continue to question the viability of some of the firms following the IL&FS debacle.
• Reliance shares slide on debt, delay in key project Shares in India's Reliance Industries dropped as much as 7 percent on Friday, the first trading session after it reported record second-quarter results, weighed down by the company's heavy debt and a delay in a key refining project.
• Yes Bank falls after RBI again says no to CEO's term extension Shares in Yes Bank tanked more than 8 percent on Friday after the Reserve Bank of India (RBI) denied its request for a second time on Wednesday to extend Chief Executive Rana Kapoor's term.
• UltraTech Cement quarterly profit falls, misses expectations Cement maker UltraTech Cement's quarterly profit dropped 9.4 percent and missed market expectations, hurt by higher expenses, the company's statement showed on Friday.
GLOBAL TOP NEWS • Saudi Arabia calls Khashoggi killing 'grave mistake,' says prince not aware Saudi Arabia on Sunday called the killing of journalist Jamal Khashoggi at its Istanbul consulate a "huge and grave mistake," but sought to shield its powerful crown prince from the widening crisis, saying Mohammed bin Salman had not been aware.