Morning News Call - India, July 29

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07292016.pdf FACTORS TO WATCH 11:00 am: Monsoon session of parliament continues in New Delhi.

3:00 pm: RBI Deputy Governor R. Gandhi at cyber and network security summit in New Delhi.

5:00 pm: ICICI Bank Chief Executive Chanda Kochhar at conference call after first quarter earnings in Mumbai.

5:00 pm: RBI to release weekly foreign exchange data in Mumbai.

LIVECHAT - THE WEEKAHEAD - with Reuters markets editor Mike Dolan Join Mike as he goes through the key macroeconomic and political themes for the coming week.To join us on the Global Market Forum at 1530 IST,click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS  Fosun to buy KKR-backed Indian drugmaker for up to $1.3 billion Shanghai Fosun Pharmaceutical Group Co Ltd has agreed to buy an 86 percent stake in Gland Pharma - backed by KKR & Co LP - for up to $1.3 billion, the largest acquisition of an Indian company from abroad this year.

 Tata to deposit $1.2 billion DoCoMo arbitration award with Delhi court India's Tata Sons Ltd said it expected to deposit $1.2 billion with the Delhi High Court on Friday, the money it was ordered to pay Japan's NTT DoCoMo Inc by an international arbitration court last month.

 Drop in the ocean: India's strategic oil reserves unlikely to stir market India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.

 With eye on China, India doubles down on container hub ports An Indian conglomerate has started building the country's first transshipment port, conceived 25 years ago, and the government will construct another $4-billion facility nearby to create a shipping hub rivalling Chinese facilities in the region.

 COLUMN-Live and don't learn should be Asia rubber producers' motto: Russell There is a definite sense of deja vu in Asia's natural rubber markets, with the latest attempt of the major producers to boost prices seemingly fizzling after a spark of success.

GLOBAL TOP NEWS  In speech of her life, Clinton to say U.S. at moment of reckoning U.S. presidential candidate Hillary Clinton will tell the Democratic National Convention on Thursday that Americans face challenges at home and abroad that require steady leadership in the White House.

 EXCLUSIVE-Under govt pressure, BOJ mulling specific steps for easing -sources The Bank of Japan, under pressure from the government, is considering specific steps for expanding monetary stimulus on Friday to address signs of weakness in inflation, people familiar with the central bank's thinking said.