MORNING NEWS CALL FACTORS TO WATCH Reserve Bank of India’s central board meets in Mumbai. INDIA TOP NEWS Indian government wants committees to oversee central bank, Bloomberg reports India's government is seeking to form panels to monitor functions of the central bank, Bloomberg reported on Friday, citing people with knowledge of the matter, which could escalate tensions between the finance ministry and the bank. Tata Sons only in preliminary talks with Jet Airways about a deal Tata Sons said on Friday it is in preliminary talks with struggling Jet Airways but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent. GAIL might buy some wind energy assets of IL&FS - sources Gas utility GAIL (India) might be interested in buying some of the wind assets of debt-laden Infrastructure Leasing and Financial Services (IL&FS) but has yet to have any discussion on the matter, two sources from GAIL said on Friday. Flipkart Group fashion unit chief denies he is quitting The chief of Flipkart Group's Myntra-Jabong fashion business on Friday denied a media report that he will quit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal. India state may cancel NMDC's Donimalai mine lease in levy dispute Karnataka state on Friday warned NMDC that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay an additional levy on the sale of its ore. Visa takes minority stake in Indian payment gateway BillDesk Payments processor Visa said on Friday it is taking a minority stake in Indian payment gateway BillDesk, as it seeks to grab a bigger slice of one of the fastest growing digital payments markets in the world. GLOBAL TOP STORIES APEC fails to reach consensus as U.S.-China divide deepens Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation. Japan's exports rebound in October even as trade tensions rise Japan's exports rebounded in the year to October, reversing from the prior month's surprise drop as U.S.-bound shipments grew, although slowing global demand and the intensifying U.S.-China trade war could cloud the outlook for export-reliant Japan. China moves closer to allowing foreigners to control insurance ventures - sources China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said.