MORNING NEWS CALL FACTORS TO WATCH 9:00 am: Defense Minister Nirmala Sitharaman at Annual Army Seminar in New Delhi. 10:30 am: Finance Minister Arun Jaitley and State Bank of India Chairman Rajnish Kumar at Civil Accounts Day function in New Delhi. LIVECHAT- COMMODITIES FOCUS Oil prices are pressured as high U.S. crude exports outweigh an unexpected drop in inventories in the world's biggest fuel consumer. Meanwhile, demand outlook for metals looks bright with China back from its Lunar New Year holiday, while cautiousness persists in gold thanks to the Fed. Clyde Russell, Reuters Asia commodities and energy columnist, talks on the subject at 0930 IST. To join the conversation, click here INDIA TOP NEWS India regains status as fastest growing major economy India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing and services all picked up. Federal police arrest auditor at PNB as investigation widens The federal police on Wednesday arrested an auditor of a Punjab National Bank branch at the centre of an alleged $2 billion fraud, a police spokesman said, bringing the number of bank employees held to seven as the investigation widens. Mobile carrier Aircel files for bankruptcy Mobile carrier Aircel Ltd filed for bankruptcy on Wednesday, pressured by a high debt pile and mounting losses following a price war triggered by a telecom upstart. Bharti Airtel wants to get out of towers, committed to Africa Bharti Airtel is exploring merger and sale options for its mobile towers businesses as Chairman Sunil Bharti Mittal seeks to get out of the infrastructure game and focus on connectivity. India's H.G. Infra Engg's $70.9 million IPO subscribed nearly 5 times Construction firm H.G. Infra Engineering's initial public offering to raise up to $70.92 million was subscribed 4.9 times on the last day of the sale on Wednesday. India to double state purchases of oilseeds, pulses to help farmers India's cabinet approved on Wednesday doubling state purchases of oilseeds and pulses from farmers, in a bid to boost local output and prevent distressed sales. Police probing graft case arrest son of former finmin Chidambaram The federal police arrested the son of former finance minister P. Chidambaram on Wednesday, but the agency which has been investigating suspected criminal misconduct related to approvals of investment deals, did not reveal the charges. REUTERS INDIA EDITION Thursday, March 1, 2018
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MORNING NEWS CALL
FACTORS TO WATCH
9:00 am: Defense Minister Nirmala Sitharaman at Annual Army Seminar in New Delhi.
10:30 am: Finance Minister Arun Jaitley and State Bank of India Chairman Rajnish Kumar at Civil Accounts Day
function in New Delhi.
LIVECHAT- COMMODITIES FOCUS
Oil prices are pressured as high U.S. crude exports outweigh an unexpected drop in inventories in the world's biggest
fuel consumer. Meanwhile, demand outlook for metals looks bright with China back from its Lunar New Year holiday,
while cautiousness persists in gold thanks to the Fed. Clyde Russell, Reuters Asia commodities and energy columnist,
talks on the subject at 0930 IST. To join the conversation, click here
INDIA TOP NEWS
India regains status as fastest growing major economy
India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing
China for the first time in a year as government spending, manufacturing and services all picked up.
Federal police arrest auditor at PNB as investigation widens
The federal police on Wednesday arrested an auditor of a Punjab National Bank branch at the centre of an alleged $2
billion fraud, a police spokesman said, bringing the number of bank employees held to seven as the investigation
widens.
Mobile carrier Aircel files for bankruptcy
Mobile carrier Aircel Ltd filed for bankruptcy on Wednesday, pressured by a high debt pile and mounting
losses following a price war triggered by a telecom upstart.
Bharti Airtel wants to get out of towers, committed to Africa
Bharti Airtel is exploring merger and sale options for its mobile towers businesses as Chairman Sunil Bharti Mittal seeks
to get out of the infrastructure game and focus on connectivity.
India's H.G. Infra Engg's $70.9 million IPO subscribed nearly 5 times
Construction firm H.G. Infra Engineering's initial public offering to raise up to $70.92 million was subscribed 4.9 times on
the last day of the sale on Wednesday.
India to double state purchases of oilseeds, pulses to help farmers
India's cabinet approved on Wednesday doubling state purchases of oilseeds and pulses from farmers, in a bid to boost
local output and prevent distressed sales.
Police probing graft case arrest son of former finmin Chidambaram
The federal police arrested the son of former finance minister P. Chidambaram on Wednesday, but the agency which
has been investigating suspected criminal misconduct related to approvals of investment deals, did not reveal the
MORNING NEWS CALL - INDIA EDITION Thursday, March 1, 2018
(India Morning Newsletter will not be published on Friday, March 2, as markets are closed for Holi)
PICTURE OF THE DAY
(Compiled by Swathi Nair in Bengaluru) For questions or comments about this report, contact: [email protected] For more information about our products: https://www.thomsonreuters.com/en/products-services.html Or send us a sales enquiry at: https://www.thomsonreuters.com/en/contact-us.html or call us on North America: +1 800 758 5555 To subscribe for the India Morning Newscall newsletter click here You may instruct us to remove you from Morning News Call by clicking on the link - https://forms.thomsonreuters.com/india-morning/Unsubscribe/