MORNING NEWS CALL

FACTORS TO WATCH

9:00 am: Environment and Science & Technology Minister Harsh Vardhan to inaugurate United Nations Convention to

Combat Desertification regional workshop in New Delhi.

10:00 am: Farm Joint Secretary Ashish Kumar Bhutani at FICCI’s ‘National Conference on Enhancing Credit Flow to

Agriculture' in New Delhi.

11:10 am: Trade Minister Suresh Prabhu, DIPP Joint Secretary Vandana Kumar, Maruti Suzuki India Executive

Advisor M.M. Singh, JSW Energy VP Aditya Agarwal, Hindustan Unilever VP-Supply Chain Alok Joshi at FICCI event

in New Delhi.

2:30 pm: NITI Aayog CEO Amitabh Kant and Maruti Suzuki Chairman R.C. Bhargava at Imagine 2060 in New Delhi.

4:00 pm: Housing Minister Hardeep Singh Puri to launch m-AWAS app in New Delhi.

4:00 pm: MSME Minister Giriraj Singh, MSME Secretary Arun Kumar Panda at valedictory session of International

SME Convention 2018 in New Delhi.

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INDIA TOP NEWS

TCS hits $100 billion in market cap Tata Consultancy Services on Monday became the first Indian technology company to hit the $100 billion market

capitalisation mark, riding on the back of record quarterly profit and a weaker rupee.

Clouds over hospital chain Fortis keep suitors from making higher bids Fortis Healthcare has received as many as five offers for control of its private hospital business, but suitors have so far

held back from making bold bids for the group as it faces rising debt and a regulatory probe.

India would file dispute with WTO if U.S. rejects exemption on tariffs India would lodge a trade dispute against the United States at the World Trade Organisation if Washington does not

grant it exemptions from higher tariffs on steel and aluminium, three government officials involved in trade talks told

Reuters.

Infosys to renew focus on digital services Infosys, India's second-biggest IT firm, plans to renew its focus on digital services as it looks to boost growth amid

shrinking profit margins in its legacy business and rising competition from local and international rivals.

Bharti Infratel Q4 profit misses on drop in tenancies Telecom tower company Bharti Infratel on Monday posted a 1.6 percent rise in fourth-quarter profit, but missed analysts'

estimate, hurt by loss in tenancies as mobile carriers in the country either shut down or consolidated their operations.

GLOBAL TOP STORIES

Ad sales surge at Google parent Alphabet, but so do costs Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet

that shrank the first-quarter operating margin, leaving shares flat after hours on Monday.

South Korea switches off propaganda broadcasts, Moon upbeat on North Korea nuclear halt South Korea on Monday halted the propaganda broadcasts it blares across the border with North Korea, aiming to set a

REUTERS INDIA EDITION Tuesday, April 24, 2018

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MORNING NEWS CALL - INDIA EDITION April 24, 2018

positive tone ahead of the first summit in a decade between their leaders as the U.S. president cautioned the nuclear

crisis was far from resolved.

U.S. extends deadline for Rusal sanctions, aluminum prices dive The United States on Monday gave American customers of Russia's biggest aluminum producer more time to comply

with sanctions, and said it would consider lifting them if United Company Rusal's major shareholder, Russian tycoon

Oleg Deripaska, ceded control of the company.

STATE OF THE MARKETS

The SGX Nifty nearest-month futures were trading at 10,567.00, down 0.2 percent from its previous close.-NewsRise

The Indian rupee is likely to remain little changed against the dollar as rising U.S. Treasury yields are countered by the

support for the local currency at 66.50, traders say. -NewsRise

Indian government bonds will likely trade steady to lower in early session ahead of a supply of state papers, while

higher U.S. Treasury yields, crude oil prices and a lower rupee continued to weigh on investor sentiment.Yield on the

7.17 percent bond maturing in 2028 is likely to trade in 7.72 percent -7.78 percent band today. -NewsRise

Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled

the Nasdaq lower while earnings optimism protected against deeper losses.

Asian stocks slipped and the U.S. dollar advanced, as a deluge of U.S. government debt this week and the spectre of

inflation and a higher fiscal deficit drove U.S. borrowing costs near four-year highs.

The dollar set a three-month high against a basket of currencies, having gained a boost as the U.S. 10-year Treasury

yield climbed toward the psychologically key 3 percent level.

U.S. bond prices fell on Monday, with the 10-year yield hitting its highest in over four years amid worries about the

growing supply of government debt and accelerating inflation as oil and commodity prices climb.

International oil prices hit their highest levels since late 2014, pushed up by expectations of renewed U.S. sanctions

against Iran and as OPEC continues withholding supplies amid strong demand.

Gold prices steadied in Asian trade, a day after falling to the lowest level in more than two weeks, as a climb in the

dollar and 10-year U.S. Treasury yields dampened the appeal of bullion, which pays no interest.

CLOSE FII INVESTMENTS EQUITIES DEBT

PNDF spot 66.43/66.46 April 23 -$38.94 mln -$81.68 mln

10-yr bond yield 7.82 pct Month-to-date -$658.34 mln -$1.72 bln

Year-to-date $1.51 bln -$995.09 mln

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MORNING NEWS CALL - INDIA EDITION April 24, 2018

(Compiled by Priyanka Das in Bengaluru) For questions or comments about this report, contact: reuters.marketwatch@thomsonreuters.com For more information about our products: https://www.thomsonreuters.com/en/products-services.html Or send us a sales enquiry at: https://www.thomsonreuters.com/en/contact-us.html or call us on North America: +1 800 758 5555 To subscribe for the India Morning Newscall newsletter click here You may instruct us to remove you from Morning News Call by clicking on the link - https://forms.thomsonreuters.com/india-morning/Unsubscribe/

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PICTURE OF THE DAY

A man throws a bunch of grass towards a fellow worker at a field in Mumbai, India, April 23. REUTERS/Francis Mascarenhas