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To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05282019.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH No major events are scheduled for the day.
GMF: LIVECHAT - FED WATCH Reuters reporters and editors tracking the Federal Reserve take questions on the economics, politics, trade matters and rates policies facing America's central bank and others whose decisions drive markets day in and day out at 7:00 pm IST. To join the conversation, click on the link: https://www.refinitiv.com/en/products/eikon-trading-software/eikon-messenger-secure-messaging/editorial-communities-financial-forums INDIA TOP NEWS • Economy big worry for Modi, needs stimulus: FICCI India's slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, the Federation of Indian Chambers of Commerce & Industry (FICCI) said on Monday ahead of the inauguration of Prime Minister Narendra Modi's second term.
• IndiGo forecasts strong year as Jet collapse boosts profit Interglobe Aviation, owner of Indian budget airline IndiGo, forecast a strong year ahead after the collapse of Jet Airways helped the company report a fivefold jump in fourth-quarter profit.
• Vedanta CEO open to dialogue with Zambia Vedanta Resources is open to dialogue with the Zambian government but will defend its legal rights and opposes the appointment of a provisional liquidator at its Konkola Copper Mines business, the company's CEO said on Monday.
GLOBAL TOP NEWS • Japan says Trump's comment reflected hope for progress in trade talks by August U.S. President Donald Trump's comment signalling an announcement on trade in August probably reflected his hope for quick progress in negotiations, Japan's Economy Minister Toshimitsu Motegi said.
• Divided pro-EU leaders open talks after tense election Parties committed to closer European Union integration began bargaining over jobs and policy on Monday after an election to the EU parliament which fragmented the centre but gave only limited gains to nationalists.
• Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were little changed at 11,929.00.