Morning News Call - India, August 20
In This Article:
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08202018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:30 am: RBI Deputy Governor N.S. Vishwanathan and other banking officials at FIBAC 2018 in Mumbai.
1:00 pm: SBI Chairman Rajnish Kumar to speak on “Role of Banks & Industry in Building the Economy" at FICCI meet in Mumbai.
LIVECHAT - PROSPECTS FOR FIXED INCOME A LiveChat on world bond markets with RBC fixed-income strategist Craig Bishop ahead of the Jackson Hole gathering of central bankers at 8:30 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • EXCLUSIVE-U.S. tech giants plan to fight India's data localisation plans U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters.
• Infosys says CFO Ranganath has tendered resignation The Chief Financial Officer of Infosys has tendered his resignation just seven months after India's second-biggest software services exporter appointed a new Chief Executive Officer.
• Jet Airways in talks to sub-lease aircraft to regional carrier Jet Airways is in talks to sub-lease nearly half its ATR turboprop aircraft to regional carrier TruJet, in a move that will reduce its presence in the competitive domestic market as the beleaguered airline struggles to raise money.
• India allows conditional import of petcoke; cement shares rise India on Friday allowed import of petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher.
• Sudan wants ONGC's Videsh to withdraw arbitration over oil payment dues Sudan wants India's ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL said in a statement on Friday.
GLOBAL TOP NEWS • Afghanistan announces Muslim Eid holiday ceasefire with Taliban Afghan President Ashraf Ghani announced a ceasefire with Taliban insurgents from Monday to mark the Muslim Eid al-Adha holiday, days after fighting in the central city of Ghazni and a northern province.
• INSIGHT-Trade war puts new strains on America Inc's factories in China Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing centre of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers.