MARKET NEWS

• India Oil, Gas Firms Plan 1.62T Rupees Spend in FY21, Govt Says

• India GST Panel May Review Tax Rate on Two-Wheelers, FM Says

• India Extends Initial Bid Deadline for Flag Carrier to Oct. 30

• India’s Central Bank Sees Demand Recovery Taking More Time

o RBI says Indian banks need to shrug off risk aversion

• Indian Refinery Runs Slip Again in July on Shutdowns, Lockdowns

• RBI Finally Comes to Market With Operation Twist to Cool Yields

• Asia Ex-Japan 2Q GDP Forecast Steady; India Seen at -19.9%

• Jaguar Land Rover Owner to Cut Auto Debt to Zero in Three Years

• Vedanta Raises $1.75 Billion Loan to Fund Indian Unit Delisting

• India’s Biggest Lender Flags Concerns Over Funding Coal Mines

• StanChart Sees India Inc. Stressed Debt Rising 20% This Fiscal

• Palm Oil Reserves in Biggest Growers to Rise on Weaker Demand

• Supreme Court Reserves Order On Punishment For Prashant Bhushan: BQ

• Global Funds Buy Net INR14.8B of India Stocks on Tuesday: NSE

o Domestic Funds Sell Net 1.73 Rupees of Stocks

• Foreign Investors Buy Net INR10.6B of Indian Equities on Aug. 24

• Foreigners Buy Net INR1.81B of Indian Equity Derivatives Tuesday

• Govt May Look at Second Stimulus Once Covid-19 Infections Ebb, Expenditure Secretary Says: PTI

• Intense Rainfall Activity Expected Over North, Central And East India During Next 4-5 Days, Met Dept Says: PTI

• Bank of Maharashtra (BOMH): Issues INR8.31b worth shares to India govt.; govt holding increases to 93.33%

• Can Fin Homes (CANF): 1Q net income +15% y/y at 931.6m rupees, est. 967m

• FDC Ltd. (FDCLT): Introduces two variants of Favipiravir

• Jammu & Kashmir Bank (JKBK): To consider raising of capital on Aug. 28

• Piramal Enterprises (PIEL): To considerup to INR750m bonds issue on Aug. 28

• Punjab National Bank (PNB): Receives $3.25m in first recovery in Nirav Modi case, govt says

• Va Tech Wabag (VATW): Approves issue of 7.5m shares on preferential basis at INR160/shr to three investors including Rekha Rakesh Jhunjhunwala