MORNING NEWS CALL

FACTORS TO WATCH 9:30 am: COAI Director General Rajan Mathews, BSNL Chairman A. Shrivastava, MTNL Chairman P.K. Purwar, Bharti Airtel Executive Shaym Mardikar at Wi-Fi India Summit and awards event in New Delhi. 10:30 am: Coal India Chairman S. Bhattacharya, International Solar Alliance Director General Upendra Tripathy, PTC India Chairman D. Amitabh at Environment and Energy Conclave in Kolkata. 11:30 am: Aviation Minister P. Ashok Gajapathi Raju and Junior Minister Jayant Sinha to brief media on second round of bidding under RCS-Udan in New Delhi. 3:00 pm: Larsen & Toubro Infotech annual general meeting in Mumbai. 5.00 pm: Finance Minister Arun Jaitley, NITI Aayog Vice Chairman Arvind Panagariya and CEO Amitabh Kant at release of Action Agenda for three years in New Delhi. TRADING INDIA FORUM - FUTURE OF INDIAN CHESS Vishwanathan Anand was India's first chess Grandmaster and has since trailblazed a path for most Indian chess players. While still on the playing circuit, 'Vishy' has managed to carve out a stellar playing career being the undisputed world champion in all three formats. He also was the first recipient of the Rajiv Gandhi Khel Ratna and India's second highest civilian award, the Padma Vibhushan. We speak to Vishy on his learnings from the game and the future of Indian chess at noon IST. To join the conversation, click here LIVECHAT - COMMODITIES FOCUS Reuters Asia commodities and energy columnist Clyde Russell will share his insights on the outlooks of yellow metal, iron ore, coal, oil and many more at 9:30 am IST. To join the conversation, click here LIVECHAT - G7 FX CHARTING TrendsetterFX's chief market strategist and GMF regular guest Wilson Leung will highlight short-term key levels to watch for G7 currencies from a technical analysis perspective on Friday at 9:00 am IST. To join the conversation, click here INDIA TOP NEWS Investors want former CEO Nilekani to return to Infosys board A group of 12 major institutional investors in Infosys has asked the Indian IT services company to bring former CEO Nandan Nilekani back on to its board to try to resolve a feud with the company's founders. India to speed up state bank mergers for broader economic revival India approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts to revive credit and economic growth. India's proposed pharma marketing rules hit legal roadblock India's plan to bring in marketing rules to curb unethical promotional practices in the country's drug industry faces an indefinite delay after it hit a legal roadblock, marking a setback for public health groups. At least 42 injured in rail accident in northern India A passenger express train derailed after hitting a truck in northern India on Wednesday, injuring 42 people, some critically, in the country's fifth major rail accident in the past year. Sterlite to invest $1 billion annually in Brazil power lines -source India's largest power transmission company Sterlite Power Grid Ventures will invest around $1 billion per year in the next few years to build power lines in Brazil, a source with direct knowledge of the plan told Reuters on Wednesday. GLOBAL TOP STORIES ANALYSIS- Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B' Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said.

REUTERS INDIA EDITION Thursday, August 24, 2017

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MORNING NEWS CALL - INDIA EDITION August 24, 2017

Fellow Republicans rebuke Trump over government shutdown threat President Donald Trump's fellow Republicans rebuked him on Wednesday after his threat to shut down the U.S. government over funding for a border wall rattled markets and cast a shadow over congressional efforts to raise the country's debt ceiling and pass spending bills. Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals Amazon.com on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market, with approvals from a U.S. regulator and the grocery chain's shareholders.

STATE OF THE MARKETS The SGX Nifty Futures was trading at 9,867.50, up 0.14 percent from its previous close. Indian government bonds are likely to trade little changed as investors await a fresh supply of debt via auctions today. The yield on the benchmark 6.79 percent bond maturing in 2027 is likely to trade in a 6.52 percent-6.57 percent band. - Newsrise The Indian rupee will likely edge higher, tracking an overnight selloff in the greenback amid U.S. President Donald Trump’s threats to shut down the government and scrap the free trade agreement with Mexico and Canada. - Newsrise U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if Congress fails to fund a Mexico border wall. Asian stocks edged up, shaking off the risk aversion that gripped financial markets overnight after U.S. President Donald Trump's threat to shut down the government, though the dollar remained sluggish. U.S. Treasury yields fell on safety buying on Wednesday after President Donald Trump said that he would be willing to risk a government shutdown to secure funding for a border wall, raising fears that a battle to raise the debt ceiling could delay payments on some bonds. Oil prices were little changed, holding most of their gains from the previous session after another fall in U.S. crude inventories which is seen as a sign of a tighter market. Gold nudged lower, giving up some of its gains made after U.S. President Donald Trump's threat of a government shut down, while investors began to focus on a major central bankers conference in Jackson Hole.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 64.11/64.14 August 23 -$180.67 mln $27.45 mln

10-yr bond yield 6.8 pct Month-to-date -$1.87 bln $1.55 bln

Year-to-date $7.10 bln $22.69 bln

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MORNING NEWS CALL - INDIA EDITION August 24, 2017

PICTURE OF THE DAY

Koh Dong-jin, president of Samsung Electronics' Mobile Communications introduces the Galaxy Note 8 smartphone during a launch event in New York City, U.S., August 23. REUTERS/Brendan McDermid

(Compiled by Erum Khaled in Bengaluru) For questions or comments about this report, contact: reuters.marketwatch@thomsonreuters.com For more information about our products: thomsonreuters.com/products_services Or send us a sales enquiry at: thomsonreuters.com/products_services/financial/contactus/ or call us on North America: +1 800 758 5555 You may instruct us to remove you from Morning News Call by clicking on the link - https://forms.thomsonreuters.com/MorningNewsCall/Unsubscribe/

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