Home NEWS India News Morning News Call - India, August 26 - Reuters India

India News Morning News Call – India, August 26 – Reuters India

India News Morning News Call – India, August 26 – Reuters IndiaIndia News

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    2:30 pm: Indirect Taxes Committee’s Chairman N.Okay. Gupta and Co-Chairman
Gaurav Gupta at PHD Chamber of Commerce’s webinar, in Mumbai. 
    Paul Krishnamurty, Betfair Political Betting Expert, joins the discussion board to
talk about how bettors are assessing the U.S. presidential elections and the way this
election cycle is totally different from these previously. To be a part of the dialog,
click on on the hyperlink: refini.tv/2P8N0Wp
    • Indian authorities consumption key to development in economic system amid pandemic, RBI
    Government spending will help the economic system through the pandemic, however
personal consumption can be wanted to drive any financial restoration as soon as the
coronavirus risk eases, the central financial institution mentioned on Tuesday.
    • Tata Motors says it can considerably cut back 480 billion rupees debt over
3 years
    Tata Motors will considerably cut back its group automotive debt of 480
billion rupees over the subsequent three years, the corporate's chairman mentioned throughout its
annual shareholder assembly on Tuesday.
    • India's new COVID circumstances high world tally for 18th straight day
    India reported on Tuesday the best variety of new coronavirus circumstances
globally for the 18th straight day, remaining properly forward of the United States
and Brazil, a Reuters tally based mostly on official reporting confirmed.
    • Facebook plans information service launch in UK, India, Brazil
    Facebook mentioned on Tuesday it plans to launch its information service within the United
Kingdom, Germany, France, India and Brazil within the coming months, after having
launched the characteristic within the United States final yr.
    • ICICI Bank makes use of area photos for farm loans to chop prices
    ICICI Bank has begun utilizing satellite tv for pc photos of farmland to assist assess
farmers' credit score-worthiness, a transfer the financial institution says helps reduce journey prices and
make sooner lending choices in a world hit by the COVID-19 pandemic.

    • Indian refiners' July throughput restoration slows from June
    Refiners processed 2.5% much less oil in July in comparison with June, the primary month-to-month
fall since April, as renewed restrictions as a result of rising coronavirus circumstances
stalled a restoration in gasoline gross sales on the planet's third largest home market.

    • India plans deep reduce in thermal coal imports in coming years
    India plans to considerably cut back its thermal coal imports in "the subsequent
few years" to save lots of international trade and create jobs by the event of
present and new coal blocks, a senior official within the federal coal ministry
mentioned on Tuesday.
    • Apple to open India on-line retailer in September - Bloomberg News
    Apple is about to open a web based retailer in India subsequent month, Bloomberg News
reported on Tuesday, citing an individual accustomed to the matter.    
    • U.S., China reaffirm dedication to Phase 1 commerce deal in cellphone name 
    Top U.S. and Chinese commerce officers reaffirmed their dedication to a Phase
1 commerce deal, which has seen China lagging on its obligations to purchase American
items, giving a lift to monetary markets on Tuesday.
    • Republicans make their case for Trump, cite his management on economic system,
non secular freedom
    Republicans pressed their case on Tuesday for U.S. President Donald Trump's
re-election over Democrat Joe Biden, arguing that Trump's management was essential
to revitalize the economic system and protect non secular freedom.
    • U.S. expenses Teva in generic medication value-fixing probe
    The U.S. Justice Department charged Teva Pharmaceutical Industries on
Tuesday with conspiring with opponents to boost costs for generic medication.

    (As reported by NewsRise)
    • SGX Nifty nearest-month futures have been buying and selling 0.3% larger at 11,508.00.
    • The Indian rupee is predicted to advance in opposition to the U.S. foreign money
following a decline on the greenback index amid a fall within the U.S. shopper
confidence to a six-yr low.
    • India authorities bond yields are more likely to commerce largely unchanged in
early session, forward of the central financial institution’s so-referred to as particular open market
operation tomorrow. The yield on the benchmark 5.79% bond maturing in 2030 is
more likely to commerce in a variety of 6.13%-6.18%.
    • The S&P 500 and the Nasdaq hit all-time closing highs on Tuesday, however a
drop in Apple inventory capped features from constructive developments in U.S.-China commerce
and contemporary progress within the medical battle in opposition to the coronavirus pandemic.
    • Asian shares eased from a two-yr excessive, as a combined bag of financial information
had traders a contact extra circumspect concerning the world restoration, whereas oil
jumped to a 5-month peak owing to a hurricane disrupting output within the Gulf
of Mexico.
    • The greenback nursed losses in opposition to most currencies as merchants braced for
U.S. information anticipated to indicate a slowdown in sturdy items orders and a key speech
by Federal Reserve Chairman Jerome Powell.
    • Longer-term U.S. Treasury yields have been larger on Tuesday and a intently
watched a part of the yield curve steepened as traders moved into riskier belongings
on commerce hopes and a strong public sale of two-yr notes.
    • The value of Brent crude oil edged larger, lifted by U.S. producers
shutting most of their offshore output within the Gulf of Mexico forward of Hurricane
Laura and optimism over China-U.S. commerce talks.
    • Gold costs have been principally unchanged, as worries over the worldwide financial
outlook from rising COVID-19 circumstances offset an uptick in danger sentiment pushed by
indicators of progress in U.S.-China commerce negotiations.
               CLOSE        FII INVESTMENTS  EQUITIES        DEBT
 PNDF spot     74.31/74.34  August 25        1062.24 crores  130.33 crores
 10-yr bond    6.15%        Month-to-date    41,762 crores   519 crores
                            Year-to-date     30,812 crores   (1,08,916) crores
    (FII funding numbers are in Indian rupees. Source: National Securities
Depository Limited)

    For further information:
    India govt bond market volumes                 
    Stock market stories                
    Non-deliverable forwards information              
    (*26*) debt tales               [IN CORPD]
    Local market closing/intraday ranges [IN SNAPSHOT]
    Monthly inflows                      [INFLOWS RTRS TABLE IN]
    ($1 = 74.22 Indian rupees)

 (Compiled by Pooja Kesavan in Bengaluru)

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