Morning News Call - India, December 12
In This Article:
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12122018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 12:30 pm: ICRA webinar on Indian banking sector in Mumbai.
5:30 pm: Government to release November consumer price inflation data in New Delhi.
5:30 pm: Government to release October Industrial production data in New Delhi.
GMF: LIVECHAT - EQUITIES WATCH Join our Reuters correspondents in London and New York for a discussion on the stock markets and company earnings at 7:30 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • Modi suffers biggest state election loss, boosting opposition India's ruling party lost power in three key states on Tuesday, dealing Prime Minister Narendra Modi his biggest defeat since he took office in 2014 and boosting the opposition ahead of national polls next year.
• Moving fast, India names Modi demonetisation backer as RBI head Ex-finance ministry official Shaktikanta Das took charge of the Reserve Bank of India on Tuesday, in a swift appointment expected to ease a dispute with the government as it pushes for looser credit rules ahead of a general election.
• Saudi Aramco, ADNOC's India refinery project delayed by 2 years India has delayed the commissioning of a giant refinery that state-owned firms are building in tie up with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) by two year to 2025, a senior official at the consortium told Reuters on Tuesday.
• ANALYSIS-Modi seen forgiving farm loans as he seeks to win back rural voters Indian Prime Minister Narendra Modi's government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of a general election, government sources said, after his ruling party suffered a rural drubbing in state polls.
GLOBAL TOP NEWS • Trump says would intervene in arrest of Chinese executive U.S. President Donald Trump said on Tuesday he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing.
• Japan machinery orders miss expectations, protectionism threatens investment Japan's core machinery orders rose less than expected in October following an earthquake in the previous month, pointing to more subdued business investment as earnings growth slows and as trade protectionism increases headwinds for the economy.