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(Morning News Call - India edition will not be published on Tuesday, October 2 as markets are closed for Mahatma Gandhi Jayanti) To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_10012018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 5:00 pm: Government to release August Infrastructure output data in New Delhi.
EMEA Markets Editor Mike Dolan analyses the state of the European markets at 03:30 pm IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • ANALYSIS-India's shadow banking sector likely to face shake-up after default India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk.
• IL&FS wins shareholder approval for restructuring plan India's troubled Infrastructure Leasing and Financial Services Ltd (IL&FS), whose recent defaults have roiled Indian markets, said on Sunday its shareholders have approved a plan allowing it to raise fresh funds through debt and equity issuances.
• Life Insurance Corp open to taking part in IL&FS rights issue Life Insurance Corporation, the largest shareholder in debt-ridden Infrastructure Leasing & Financial Services (IL&FS), is open to participating in a rights issue, the insurer's chairman V.K. Sharma said on Friday.
• Yes Bank plunges to 29-month low as management crisis drags on Shares of India's Yes Bank Ltd plunged nearly 10 percent on Friday to a 29-month low, as the lender's management crisis caused by the central bank curtailing its top executive's tenure dragged on.
• Ircon International falls on debut after $64.8 million IPO Shares of state-run construction company Ircon International Ltd fell as much as 13 percent on its trading debut on Friday, after a 4.70-billion-rupee ($64.77 million) initial public offering (IPO).
GLOBAL TOP NEWS • Canada, U.S. reach deal to update NAFTA -Canadian sources The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada's dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said on Sunday.
• China factory sector hurt in September as trade frictions bite Growth in China's manufacturing sector sputtered in September as both external and domestic demand weakened, two surveys showed on Sunday, raising the pressure on policymakers as U.S. tariffs appear to be inflicting a heavier toll on the Chinese economy.