*Good Morning* • Ride-Hailing Firm Ola Said to Pick Banks for | Rajesh Palviya™
*Good Morning* • Ride-Hailing Firm Ola Said to Pick Banks for $1 Billion IPO • India Says Afghanistan Situation Poses New Security Challenges • Telecom Lobby Sees India Lagging in 5G Unless Airwaves Cost Less • India to Ration Coal Supplies as Electricity Demand Surges o Govt to cut shipments to stations with high inventories • India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 27 • India’s Sensex at Fresh Peak as Reliance Industries Leads Gains • Cosmea Financial, Tally Apply for India Small Fin. Bank Permits • Emerging Market ETFs Rebound From Losses, Rise $840.1 Mln • Global Funds Buy Net INR12.03B of India Stocks on Monday: NSE o Domestic funds buy net 6.89b rupees of stocks • Foreign Investors Sell Net INR6.17B of India Equities on Aug. 27 • Foreigners Buy Net INR34.05B of Indian Equity Derivatives Monday • Mobius Says Hold 10% in Gold as Currencies Will Be Devalued • Tata, Adani Mundra Plants to Sell Power on Exchange for 1 Mo: ET • CJI N V Ramana to administer oath of office to nine new SC judges on Tuesday: PTI • Bharat Forge (BHFC): Says report on Tesla talks incorrect • Bharti Airtel (BHARTI): To take ‘Baby Steps’ to raise tariffs, Mittal says • Coffee Day (CCD): KKR Mauritius sold 2.45m shares of CCD in bulk deal: NSE • Jindal Steel (JSP): Approves Up to $1B bond sale denominated in foreign currency or rupee in one or more tranches ECONOMIC DATA (IST): • 4pm: India Fiscal Deficit in Rupees for April-July Period • 5pm: India Eight Infrastructure Industries Index for July, Prior 8.9% • 5:30pm: India GDP for Qtr ended June; est. 21.0% (prior 1.6%) • 5:30pm: India GVA for Qtr ended June; est. 19.6% (prior 3.7%)
