Morning News Call - India, December 23

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12232016.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ (India Morning Newsletter will not be published through the year-end holiday season from December 26, 2016 to December 30, 2016. Normal service will resume from January 2, 2017. Season's Greetings and Happy New Year.) FACTORS TO WATCH 5:00 pm: RBI to release weekly foreign exchange data in Mumbai.

LIVECHAT-QUIZ EAST The first of our Friday quizzes focuses on Asia and the week's top news. Test your wits and googling speed at 11:00 pm. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS  Tata-Mistry spat shows independent company directors vulnerable in India The bitter boardroom battle at the heart of Tata Sons has put a spotlight on the vulnerability of India's independent company directors who stand-up to, or take on a dominant shareholder.

 EXCLUSIVE-How India lobbied Moody's for a ratings upgrade, but failed India criticised Moody's ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the U.S.-based agency declined to budge citing concerns over the country's debt levels and fragile banks.

GLOBAL TOP NEWS  Limited room for China to tighten policy as debt fear grows China's leadership is signalling growth will slow slightly in 2017, policy advisers say, as it struggles to strike a balance between supporting the economy with loose credit conditions and preventing a destabilising build-up in debt.

 Trump tweets about nuclear weapons, raising questions and fears President-elect Donald Trump called for an expansion of the United States' nuclear capabilities on Thursday, in a tweet that alarmed nonproliferation experts who said that a boost to the U.S. arsenal could fuel global tensions.

 Syrian army announces victory in Aleppo in boost for Assad The Syrian army said it had retaken complete control of Aleppo on Thursday after the last rebel fighters were evacuated from the battered city, handing President Bashar al-Assad his biggest victory of the nearly six-year-old war.

LOCAL MARKETS OUTLOOK (As reported by NewsRise)  The SGX Nifty Futures was trading at 7,977.50, down 0.2% from its previous close.

 Indian rupee will likely open slightly higher against the dollar, amid a lack of fresh triggers, and as the greenback trades in a narrow band ahead of the upcoming holidays.