🔹Move Into ASM Framework: Chalet Hotels

🔹Move Into Short-Term ASM Framework: TCI Developers, Astec LifeSciences, Spandana Sphoorty Financial

🔹Move Out Of Short-Term ASM Framework: Infibeam Avenues, Panacea Biotec, Sequent Scientific

Asian markets have opened with modest gains on Friday morning as investors continue to weigh moves to reopen economies against the data describing the Covid-19 has inflicted on them.

Futures in the U.S. have edged higher after a positive session on Thursday. The two-year treasury yields steadied after falling to a record low.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 1.2 percent to 9,305 as of 7:05 a.m.

Today (08.05.2020) foll cos. will declare Q4 results : R Systems, TCI Express, Proctor & Gamble Hygiene, Uttam Galva, Swaraj Engines, Shree Cement, Reliance Power, Reliance Infra, Adani Gas, Reliance Home Finance, Reliance Capital, SBI Cards

Tomorrow (09.05.2020) foll cos. will declare Q4 results : HDFC AMC, Capri Global, Adani Transmission, ICICI Bank, Mahindra Holidays


☀ CHINESE VICE PREMIER LIU HE, U.S. TREASURY SECRETARY MNUCHIN, AND AMBASSADOR LIGHTHIZER PARTICIPATED IN A CONF CALL - USTR OFFICE

☀MNUCHIN, LIU HE AND LIGHTHIZER DISCUSSED ECONOMIC AND TRADE ISSUES, INCLUDING RECENTLY CONCLUDED PHASE ONE AGREEMENT - USTR OFFICE 

 ☀ MNUCHIN, LIU HE AND LIGHTHIZER SHARED UPDATES ON COVID-19 AND THEIR ASSESSMENTS OF ITS EFFECTS ON ECONOMIC GROWTH - USTR OFFICE


India Looks to Lure More Than 1,000 U.S. Companies Out of China

India is seeking to lure U.S. businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.

The government in April reached out to more than 1,000 companies in the U.S. and through overseas missions to offer incentives for manufacturers seeking to move out of China, according to Indian officials who asked not to be identified, citing rules on speaking with the media. India is prioritizing medical equipment suppliers, food processing units, textiles, leather and auto part makers among mor

Trump’s move to blame China for its handling of the Covid-19 outbreak, which has killed more than a quarter-million people worldwide, is expected to worsen global trade ties as companies and governments move resources out of the world’s second-largest economy to diversify supply chains. Japan has earmarked $2.2 billion to help shift factories from its neighbor, while European Union members plan to

For Indian Prime Minister Narendra Modi, a surge in investment would help shore up an economy battered by an eight-week nationwide lockdown to control the Covid-19 outbreak, and help him make up ground hitting a target to grow its manufacturing sector to 25% of gross domestic product by 2022 from 15%. The need to create employment is now even more urgent after the pandemic left 122 million people

“There are opportunities for India to try to gain a place in global supply chains, but this will require serious investments in infrastructure and governance,” said Paul Staniland, an associate professor at the University of Chicago who writes about India’s politics and foreign policy. “India faces tough competition from elsewhere in South and Southeast Asia.”

Officials have told companies that India is more economical in terms of securing land and affordable skilled labor than if they moved back to the U.S. or Japan, even if overall costs are still higher than China. They have also offered an assurance that India will consider specific requests on changes to labor laws, which have proved a major stumbling block for companies, and said the government is considering a request from e-commerce companies to postpone a tax on digital transactions introduced in this year’s budget.