3:00 pm: Power Minister R.K. Singh to appear before a parliament panel over resolution of stressed assets in the power sector in New Delhi.
5:30 pm: Government to release May consumer price inflation data in New Delhi.
5:30 pm: Government to release April Industrial output data in New Delhi.
LIVECHAT - FED FOCUS John Noonan, Head of IFR FX Watch Asia, previews the all-important June 13 Fed meeting for us, and analyses cues and views for market moves post-Fed at 0930 IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS India set to miss key target for Japan-backed bullet train project-sources India is set to miss a December deadline to acquire land for a Japan-backed $17 billion bullet train project following protests by fruit growers, government officials said, likely delaying one of Prime Minister Narendra Modi's most ambitious projects.
With assembly team and samosas, IKEA lays ground for India debut IKEA is set to open its first store in India next month, and the world's biggest furniture retailer is localizing its offering - from the food menu to its "do-it-yourself" (DIY) assembly model - to ensure success in the country.
Jaguar to cut more UK jobs as it moves Discovery output to Slovakia Jaguar Land Rover is set to cut more jobs in Britain as it moves all production of its Discovery car to lower-cost Slovakia before building its new Range Rover at an English factory.
Police asks Interpol to issue arrest notice for billionaire jeweller Nirav Modi The federal police has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2-billion-plus bank fraud case, a federal police source said on Monday.
Modi's plan to get millions more Indians flying faces turbulence The slow pace of fitting out regional airports risks delaying Indian Prime Minister Narendra Modi's ambitious plan to launch more flights connecting smaller towns and cities and get millions more people using air travel.
Tata Steel Europe workers question rationale of Thyssenkrupp tie-up Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form.
Nayara Energy begins cutting Iran oil imports - sources Refiner Nayara Energy, one of the country's biggest buyers of Iranian oil, began cutting imports this month after the United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people familiar with knowledge of the matter said.
Airtel's Kenyan unit abandons plan to merge with Telkom The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading operator Safaricom, industry and government sources said on Monday.
GLOBAL TOP NEWS Trump says summit is "very, very good", Kim calls it prelude to peace U.S. President Donald Trump said he had forged a "good relationship" with North Korean leader Kim Jong Un at the start of a historic summit in Singapore, as the two men sought ways to end a nuclear standoff on the Korean peninsula.
Trump economic adviser Kudlow in good condition after heart attack Top White House economic adviser Larry Kudlow, a staunch defender of President Donald Trump's tough stance on global trade, was in good condition in a Washington-area hospital after suffering a heart attack, the White House said.
U.S. reveals ZTE settlement details, ban still in place ZTE's settlement with the U.S. Commerce Department that would allow China's No. 2 telecommunications equipment maker to resume business with U.S. suppliers was made public on Monday, days after the company agreed to pay a $1 billion fine, overhaul its leadership and meet other conditions.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were trading down 0.1 percent at 10,776.50.
• The Indian rupee is expected to open marginally lower against the dollar, tracking the weakness in other regional currencies, as a historic summit between the U.S. and North Korea began.
• Indian government bonds will likely trade steady to lower in early session ahead of an auction of state papers, while investors also await the key retail inflation data later in the day. Yield on the benchmark 7.17 percent bond maturing in 2028 is likely to trade in a 7.94 percent - 8.00 percent band.
GLOBAL MARKETS • All three major U.S. stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend's factious meeting of the Group of Seven nations.
• The dollar jumped to a 3-week top on while stock markets in Asia were choppy as an historic U.S.-North Korea summit got underway in Singapore, raising some hopes it could pave the way to ending a nuclear stand-off on the Korean peninsula.
• U.S. Treasury yields rose on Monday before the Federal Reserve is expected to raise interest rates on Wednesday, though the Treasury Department saw solid demand for $54 billion in new three and 10-year notes.
• Oil prices edged up along with global markets on cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.
• Gold prices edged lower, weighed down by a stronger dollar amid encouraging signs ahead of an historic U.S.-North Korea summit and a likely interest rate hike by the U.S. Federal Reserve.
CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 67.41/67.44 June 11 -$171.5 mln -$119.4 mln 10-yr bond yield 8.14 pct Month-to-date $413.48 mln -$336.57 mln Year-to-date $168.83 mln -$4.56 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 = 67.4650 Indian rupees) (Compiled by Swathi Nair in Bengaluru)
