To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04172017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 12:00 pm: Government releases March wholesale price inflation data in New Delhi.
12:30 pm: Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan to brief media in New Delhi.
INDIA TOP NEWS • Infosys to return $2 bln to shareholders, appoints co-chairman Infosys set a $2 billion cash return to shareholders and appointed an independent director as co-chairman, moves that may placate a group of founders and former executives who have criticised India's second-biggest software services exporter.
• India's exports revival picks up speed in March A recovery in Indian exports gathered steam in March with a pick-up in demand for engineering and petroleum products, bolstering an economy still recovering from the government's cash clampdown.
• State Bank of India sees profit boost in 3 years after bank units merged The head of State Bank of India, the country's largest lender, said she expects a boost to annual profit of as much as 30 billion rupees in three years on cost and efficiency gains from the absorption of associate banks.
• India cenbank tweaks rules for regulatory action on banks The Reserve Bank of India on Thursday tweaked rules that trigger regulatory action against lenders who overshoot the limit on bad loans or fail to comply with capital ratios.
GLOBAL TOP NEWS • Pence lands at Korean DMZ day after North Korea's failed missile test U.S. Vice President Mike Pence, pledging an "unshakeable" commitment to South Korea, landed at a U.S. military base next to the demilitarised border with North Korea, a day after a failed missile launch by the North.
• China Q1 GDP grows faster than expected 6.9 percent, steel output hits record China's economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing market that is showing signs of overheating.
• Turkey's Erdogan declares referendum victory, opponents plan challenge President Tayyip Erdogan declared victory in a referendum on Sunday to grant him sweeping powers in the biggest overhaul of modern Turkish politics, but opponents said the vote was marred by irregularities and they would challenge its result.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The SGX Nifty Futures were trading at 9,153.50, little changed from its previous close.