1) Soapmaker Nirma Said to Plan $596 Million Bonds for Lafarge Deal
(Bloomberg) -- Indian conglomerate Nirma Ltd. plans to sell about 40 billion rupees ($596 million) of bonds to fund the purchase of a local cement business from LafargeHolcim Ltd., according to people familiar with the matter. Nirma, known for its eponymous washing detergent brand, is working with banks including Barclays Plc, Credit Suisse Group AG and IDFC Bank Ltd. on the planned bond offering, the people said, asking not to be ...
2) Saab Joins Hunt for India Partner to Help Modi Overhaul Airforce
(Bloomberg) -- Sweden's Saab AB will join Lockheed Martin Corp. and Boeing Co. in the search for local partners to help build its fighter jets, as competition increases for a slice of India's planned $150 billion military modernization. While certain parts of the Gripen E planes will be built in factories fully owned by Saab, other components will be manufactured jointly, said Jan Widerstrom, chairman of Saab India Technologies Pvt. The Adani Group could ...
3) Nation That Suffered Worst Drought in Decades Is Water Exporter
(Bloomberg) -- Jaiveer Arya wipes sweat from his brow as he squats in the shade and watches workers weigh his wheat crop at a grain market in India's northern Haryana state. He's hoping for a good price from exporters. Unseen in Arya's 850 kilograms of wheat is about 128 kilograms of water that's embedded within the food. Arya and millions of farmers like him in India account for about 2.5 percent of global agriculture exports, meaning that a ...
4) Boeing, Airbus Duel for $12 Billion Deal With India SpiceJet
(Bloomberg) -- Two years ago, SpiceJet Ltd. was fighting for survival as creditors retreated and oil companies refused to refuel its airliners. Today, the world's biggest planemakers are wooing the recovering Indian budget carrier for a potential blockbuster order worth about $12 billion. Boeing Co. and Airbus Group SE are locked in a battle to supply SpiceJet with as many as 100 planes, and both are offering aggressive discounts in ...
5) Yen Plunges the Most Since 2014 on Abe's Fiscal Stimulus Plans
(Bloomberg) -- The yen tumbled by the most since October 2014 as Japanese Prime Minister Shinzo Abe said he planned to add fiscal stimulus following the ruling party's victoryin Sunday's upper-house elections. Japan's currency weakened against all of its 31 major peers after Abe, speaking in Tokyo on Monday, repeated his pledge for action on a stimulus package. He will order measures to support domestic demand, including plans to speed up the construction of high-speed ...
6) IN FOCUS: China's Sea Claim, Fedspeak, RBI Chief; S&P at Record
(Bloomberg) -- What you need to know from overnight and in the Asian day ahead: * A Hague ruling will come about 5pm HKT on China's claim to 80% of the South China Sea; Beijing's reaction will be closely watched * Fed's George (voter) resumed her hawkish stance, said the U.S. jobs report bolsters the argument for a rate hike * Fed's Mester (hawk) speaks at 9:30am HKT; Bullard and Tarullo (doves as of late) will speak post-mkt HKT; all are voters ...
7) India Seeks to Modernize Coal Plants by Halting Renovations
(Bloomberg) -- India is seeking to modernize its thermal coal plants by asking regulators to stop approving repair and maintenance of plants older than 25 years, the nation's coal and power minister Piyush Goyal said. Fresh spending in old generators delay replacement with new so called super-critical plants because companies want to recoup the investments, he said. India has shortlisted coal-fired plants with a combined capacity of 37 gigawatts for phasing out, ...
8) INDIA DAYBOOK: CPI, IIP, States Bond, Term Repo, Quess Corp
(Bloomberg) -- Today: Quess Corp shares debut; RBI to hold states bond, term repo auctions; India to release industrial output, consumer price inflation data. WHAT TO WATCH: * Court accepts plea to restrain unions from striking: SBI * India seeks application from state traders for corn import by Aug. 8 * Soapmaker Nirma said to plan $596m bond sale for Lafarge deal * Global funds +INR10.6b of local stocks; domestic funds - INR6.11b yday: Provisional ...
9) Google Plans to Train 2 Million Developers for Android
(Bloomberg) -- Google launched a program to train 2 million developers in India for its Android platform as its fires up a race with Apple Inc. for the country's developers to create innovative mobile apps. The Android Skilling program will be introduced for free across hundreds of public and private universities and training schools through a specially designed, in-person program this year. The program would also be available through the government's National Skills ...
10) Emerging Assets Gain as Investors Bet Fed Holds Interest Rates
(Bloomberg) -- Emerging-market assets rose for a third day as a hiring surge in the U.S. spurred confidence in the world's biggest economy, bolstering stock markets from China to Poland. Exporters led gains as Taiwan Semiconductor Manufacturing Co. rose to a record. A gauge of Chinese shares traded in Hong Kong jumped the most since May. Equities in India and Thailand neared bull-market territory. South Korea's won and Malaysia's ringgit led increases in currencies ...
11) Vedanta Seeks Permission to Export Karnataka Iron Ore, BS Says
(Bloomberg) -- Link
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