To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08162017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 2:30 pm: Apollo Hospitals earnings conference call in Mumbai.
3:30 pm: Power Minister Piyush Goyal and Oil Minister Dharmendra Pradhan at signing of MoU between EESL and IOC, HPCL and BPCL in New Delhi.
LIVECHAT - FX MARKETS We get an update on the FX scene with independent trader Jeremy WilkinsonSmith at 2.30 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • India, China soldiers involved in border altercation - Indian sources Indian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries which are already locked in a two-month standoff in another part of the disputed border.
• Modi urges India to reject violence in name of religion Prime Minister Narendra Modi urged India on Tuesday to reject religious violence, after a series of attacks against minorities sparked debate about whether a surge of Hindu nationalism is undermining the country's secular ideals.
• Retail inflation picks up for first time in four months India's annual consumer price inflation picked up in July after easing for three straight months as a decline in food prices abated, but it remained well below the central bank's central target.
• July wholesale inflation rate picks up for first time in 5 months India's wholesale price inflation rate picked up in July after easing for four straight months, with food prices back on the rise.
• Tata Power June-quarter profit more than doubles Tata Power Co Ltd's first-quarter profit more than doubled, helped by higher income from its core power generation business.
• IDBI Bank posts 3rd straight quarterly loss; shares sink State-run lender IDBI Bank Ltd posted a third straight quarterly loss on lower interest income and higher bad loans.
• Titan sees up to 30 percent rise in sales with stores expansion Titan Co expects its jewellery sales to rise by 20-30 percent in 2017/18 fiscal year ending March, as it plans to add more than two dozen retail stores to boost its presence in small towns, a senior company official said.
• Coal India Q1 profit falls 23 percent, misses estimates Coal India Ltd said its first-quarter profit fell 23 percent, missing analysts' estimates.
GLOBAL TOP NEWS • Trump, again, casts blame on both sides for deadly violence in Virginia U.S. President Donald Trump insisted on Tuesday that left- and right-wing extremists became violent during a weekend rally by white nationalists in Virginia, reigniting a political firestorm over U.S. race relations and his own leadership of a national crisis.