MORNING NEWS CALL FACTORS TO WATCH 10:30 am: Economic Affairs Secretary Subhash Chandra Garg and State Bank of India Chairman Rajnish Kumar at FICCI-EBRD Business Forum in Mumbai. 5:00 pm: RBI to release weekly foreign exchange data in Mumbai. LIVECHAT - QUIZ EAST Our Friday quiz focuses on Asia and the week's top news at 1100 IST. Test your wits and googling speed. To join the conversation, click here. INDIA TOP NEWS Thyssenkrupp workers, some investors give CEO time for Tata Steel deal Thyssenkrupp workers and a group representing some of the steelmaker's investors offered its chief executive more time to finalise a planned joint venture deal with Tata Steel on Thursday. India, top buyer of U.S. almonds, hits back with higher duties India, the world's biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump's tariff hikes on steel and aluminium. EXCLUSIVE-JSW Steel plans bid for ArcelorMittal's Romanian plant India's biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal's Galati plant in Romania, three sources told Reuters, potentially competing against Ukraine's Metinvest and Italy's Marcegaglia. Bank of Maharashtra sanctioned loans to defaulting firm-document The chief executive of state-run Bank of Maharashtra sanctioned a 100 million rupee loan to a real estate firm which had defaulted on payments to investors, according to a court document on the latest probe into loan fraud at Indian banks. Shares in PNB fall after internal probe finds widespread lapses Shares in India's Punjab National Bank fell as much as 3 percent on Thursday, a day after Reuters reported the bank's internal investigation into its $2 billion fraud had found widespread risk-control and monitoring lapses in many areas of the bank. SEBI to act against entities in NSE probe over servers India's market regulator said on Thursday it will initiate action against entities and individuals following an investigation at the National Stock Exchange (NSE) into whether high frequency traders were getting unfair access to some network servers at the exchange. Swiggy raises additional $210 mln funding led by Naspers, DST Global Online food delivery service provider Swiggy said on Thursday it raised another $210 million in its biggest ever funding, led by South African internet and entertainment group Naspers and Hong Kong-based internet investment group DST Global. Rat breaches bank ATM in India, eats $18,000 worth of cash When bank technicians in India were finally summoned to investigate why an ATM (automated teller machine) had not been working for days, they began to smell a rat.
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MORNING NEWS CALL
FACTORS TO WATCH
10:30 am: Economic Affairs Secretary Subhash Chandra Garg and State Bank of India Chairman Rajnish Kumar at
FICCI-EBRD Business Forum in Mumbai.
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
LIVECHAT - QUIZ EAST
Our Friday quiz focuses on Asia and the week's top news at 1100 IST. Test your wits and googling speed. To join the
conversation, click here.
INDIA TOP NEWS
Thyssenkrupp workers, some investors give CEO time for Tata Steel deal
Thyssenkrupp workers and a group representing some of the steelmaker's investors offered its chief executive more
time to finalise a planned joint venture deal with Tata Steel on Thursday.
India, top buyer of U.S. almonds, hits back with higher duties
India, the world's biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government
order said, joining the European Union and China in retaliating against President Donald Trump's tariff hikes on steel
and aluminium.
EXCLUSIVE-JSW Steel plans bid for ArcelorMittal's Romanian plant
India's biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal's Galati plant in Romania, three
sources told Reuters, potentially competing against Ukraine's Metinvest and Italy's Marcegaglia.
Bank of Maharashtra sanctioned loans to defaulting firm-document
The chief executive of state-run Bank of Maharashtra sanctioned a 100 million rupee loan to a real estate firm which had
defaulted on payments to investors, according to a court document on the latest probe into loan fraud at Indian banks.
Shares in PNB fall after internal probe finds widespread lapses
Shares in India's Punjab National Bank fell as much as 3 percent on Thursday, a day after Reuters reported the bank's
internal investigation into its $2 billion fraud had found widespread risk-control and monitoring lapses in many areas of
the bank.
SEBI to act against entities in NSE probe over servers
India's market regulator said on Thursday it will initiate action against entities and individuals following an investigation at
the National Stock Exchange (NSE) into whether high frequency traders were getting unfair access to some network
servers at the exchange.
Swiggy raises additional $210 mln funding led by Naspers, DST Global
Online food delivery service provider Swiggy said on Thursday it raised another $210 million in its biggest ever funding,
led by South African internet and entertainment group Naspers and Hong Kong-based internet investment group DST
Global.
Rat breaches bank ATM in India, eats $18,000 worth of cash
When bank technicians in India were finally summoned to investigate why an ATM (automated teller machine) had not
Prime Minister Narendra Modi performs yoga on International Yoga Day in Dehradun, in the northern Himalayan state of Uttarakhand, June 21. REUTERS/Stringer