10:00 am: Housing Minister Narendra Singh Tomar, Railway Minister Suresh Prabhu, Junior Finance Minister Arjun Ram Meghwal and SBI Managing Director Rajnish Kumar at National Real Estate Development Council national convention in New Delhi.
10:30 am: InterGlobe Aviation annual general meeting in New Delhi.
10:30 am: Textile Secretary Anant Kumar Singh at CII meeting in New Delhi.
2:30 pm: Trade Minister Nirmala Sitharaman and IT Minister Ravi Shankar Prasad to speak at the launch of Ease of Doing Business report in New Delhi.
3:00 pm: L&T Finance Holdings annual general meeting in Mumbai.
3:00 pm: Voltas annual general meeting in Mumbai.
3:00 pm: Power Minister Piyush Goyal at the signing ceremony of Implementation Agreement of Indo-German Energy Programme-Green Energy Corridors in New Delhi.
6:00 pm: Dilip Buildcon to hold conference call following announcement of signing of agreement for disinvestment of 24 road projects in Mumbai.
TRADING INDIA FORUM - INDIA MACROS India has executed a multitude of financial measures during the Modi government era. From Jan dhan to demonetization, a host of initiatives have garnered newsbytes. Where do we stand after these plans? Does this help India’s overall fiscal health? What about state finances and their burgeoning debt? How far is India from a rating change? To answer this and more we have India’s former finance secretary Arvind Mayaram joining us at 11:00 am IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/">https://forms.thomsonreuters.com/communities/ LIVECAHT - FOREX WEEK AHEAD FX Buzz analyst Jeremy Boulton analyses G7 currencies at 3.30 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/">https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • New Infosys chairman Nandan Nilekani to focus on CEO search, strategy The new chairman of Infosys, Nandan Nilekani, said his priorities were to find a CEO, reconstitute the board and shape future strategy, as he sought to calm investors frazzled by the recent shock exit of the firm's chief over a prolonged row with its founders.
• After deadly protests, Indian states in lockdown for "godman's" rape sentencing India is deploying thousands of riot police and shutting down internet services in two northern states, as it prepares for the sentencing on Monday of a self-styled 'godman' whose followers went on the rampage after he was convicted of rape on Friday.
• India eyes remote air traffic control towers for regional airports India is considering setting up remote air traffic control towers to cut costs and overcome labour shortages, government sources told Reuters, as Prime Minister Narendra Modi looks to open dozens of regional airports to boost air travel.
• Thyssenkrupp should look at Tata Steel JV alternatives - minister Thyssenkrupp should consider alternatives to a planned merger of its European steel activities with those of Tata Steel, German foreign minister Sigmar Gabriel said on Friday.
GLOBAL TOP NEWS • Houston devastated by flooding from Harvey as residents gird for days of rain Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of several more days of "unprecedented" rainfall.
• Uber board picks Expedia's Dara Khosrowshahi as new CEO Uber Technologies Inc on Sunday hired Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its new chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis.
• Britain pushes for talks about the future, EU wants divorce first British officials arrive in Brussels on Monday to push the EU towards talks about their post-Brexit ties, which the bloc refuses to do without an agreement first on London's exit bill and other divorce issues.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • The SGX Nifty Futures was trading at 9,891.50, trading up 0.2 percent from its previous close.
• Indian government bonds are likely to edge higher in early trade as some investors may step up purchases amid expectations of gains this week. The benchmark 6.79 pct bond maturing in 2027 is likely to trade in a 6.51 pct-6.57 pct band.
• The Indian rupee will likely open higher against the dollar, as Federal Reserve Chair Janet Yellen did not give any indication of future rate increases in the world's largest economy, while euro gained to over a two-year high, hurting the greenback.
GLOBAL MARKETS • U.S. stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech.
• U.S. gasoline futures hit a two-year high Hurricane Harvey pummeled the heart of America's energy industry, while the euro rose to a 2-1/2-year peak after the European Central Bank President refrained from talking down the single currency.
• U.S. Treasury yields fell on Friday after Federal Reserve Chair Janet Yellen did not mention monetary policy in a highly anticipated speech, relieving some investors who thought she might make hawkish comments on the economy.
• Gold rose to its highest in over a week, extending gains from the previous session, after Federal Reserve Chair Janet Yellen skipped any mention of monetary policy in a speech at a central bankers meeting in Jackson Hole.
CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 64.03/64.06 August 24 -$103.13 mln $130.10 mln 10-yr bond yield 6.81 pct Month-to-date -$2.02 bln $1.68 bln Year-to-date $6.96 bln $22.82 bln For additional data: India govt bond market volumes Stock market reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Local market closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] ($1 = 64.0000 Indian rupees) (Compiled by Erum Khaled in Bengaluru)
