MORNING NEWS CALL FACTORS TO WATCH 11:00 am: RBI Governor Urjit Patel to appear before parliament's standing committee on finance in New Delhi. 3:00 pm: Power Minister R.K. Singh to appear before a parliament panel over resolution of stressed assets in the power sector in New Delhi. 5:30 pm: Government to release May consumer price inflation data in New Delhi. 5:30 pm: Government to release April Industrial output data in New Delhi. LIVECHAT - FED FOCUS John Noonan , Head of IFR FX Watch Asia, previews the all-important June 13 Fed meeting for us, and analyses cues and views for market moves post-Fed at 0930 IST. To join the Global Markets Forum, click here . INDIA TOP NEWS India set to miss key target for Japan-backed bullet train project-sources India is set to miss a December deadline to acquire land for a Japan-backed $17 billion bullet train project following protests by fruit growers, government officials said, likely delaying one of Prime Minister Narendra Modi's most ambitious projects. With assembly team and samosas, IKEA lays ground for India debut IKEA is set to open its first store in India next month, and the world's biggest furniture retailer is localizing its offering - from the food menu to its "do-it-yourself" (DIY) assembly model - to ensure success in the country. Jaguar to cut more UK jobs as it moves Discovery output to Slovakia Jaguar Land Rover is set to cut more jobs in Britain as it moves all production of its Discovery car to lower-cost Slovakia before building its new Range Rover at an English factory. Police asks Interpol to issue arrest notice for billionaire jeweller Nirav Modi The federal police has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2- billion-plus bank fraud case, a federal police source said on Monday. Modi's plan to get millions more Indians flying faces turbulence The slow pace of fitting out regional airports risks delaying Indian Prime Minister Narendra Modi's ambitious plan to launch more flights connecting smaller towns and cities and get millions more people using air travel. Tata Steel Europe workers question rationale of Thyssenkrupp tie-up Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form. Nayara Energy begins cutting Iran oil imports - sources Refiner Nayara Energy, one of the country's biggest buyers of Iranian oil, began cutting imports this month after the United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people familiar with knowledge of the matter said. Airtel's Kenyan unit abandons plan to merge with Telkom The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading operator Safaricom, industry and government sources said on Monday.
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Transcript
MORNING NEWS CALL
FACTORS TO WATCH
11:00 am: RBI Governor Urjit Patel to appear before parliament's standing committee on finance in New Delhi.
3:00 pm: Power Minister R.K. Singh to appear before a parliament panel over resolution of stressed assets in the power
sector in New Delhi.
5:30 pm: Government to release May consumer price inflation data in New Delhi.
5:30 pm: Government to release April Industrial output data in New Delhi.
LIVECHAT - FED FOCUS
John Noonan , Head of IFR FX Watch Asia, previews the all-important June 13 Fed meeting for us, and analyses cues
and views for market moves post-Fed at 0930 IST. To join the Global Markets Forum, click here .
INDIA TOP NEWS
India set to miss key target for Japan-backed bullet train project-sources
India is set to miss a December deadline to acquire land for a Japan-backed $17 billion bullet train project following
protests by fruit growers, government officials said, likely delaying one of Prime Minister Narendra Modi's most
ambitious projects.
With assembly team and samosas, IKEA lays ground for India debut
IKEA is set to open its first store in India next month, and the world's biggest furniture retailer is localizing its offering -
from the food menu to its "do-it-yourself" (DIY) assembly model - to ensure success in the country.
Jaguar to cut more UK jobs as it moves Discovery output to Slovakia
Jaguar Land Rover is set to cut more jobs in Britain as it moves all production of its Discovery car to lower-cost Slovakia
before building its new Range Rover at an English factory.
Police asks Interpol to issue arrest notice for billionaire jeweller Nirav Modi
The federal police has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2-
billion-plus bank fraud case, a federal police source said on Monday.
Modi's plan to get millions more Indians flying faces turbulence
The slow pace of fitting out regional airports risks delaying Indian Prime Minister Narendra Modi's ambitious plan to
launch more flights connecting smaller towns and cities and get millions more people using air travel.
Tata Steel Europe workers question rationale of Thyssenkrupp tie-up
Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the
chances that the deal will be delayed or even fail in its current form.
Nayara Energy begins cutting Iran oil imports - sources
Refiner Nayara Energy, one of the country's biggest buyers of Iranian oil, began cutting imports this month after the
United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people familiar
with knowledge of the matter said.
Airtel's Kenyan unit abandons plan to merge with Telkom
The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading
operator Safaricom, industry and government sources said on Monday.
A man reads the Koran inside his shop selling second-hand automobile parts during the holy month of Ramadan in Mumbai, June 11. REUTERS/Francis Mascarenhas.