*Good Morning*
• India Begins Talks With Farmers’ Groups as Protests Simmer
o Protesters say new laws will hurt incomes, ask for rollback
• Hedge Fund Revises Bid for India Shadow Bank to Skirt RBI Delay
o Revamp follows delays in regulatory approval for deal
• India Railway Freight Records 9% y/y Increase in Nov.: Ministry
• Coal India Nov. Production Gains 3.3% Y/y at 51.7M Tons
• Phoenix Mills Signs Non-Binding Term Sheet With GIC Affiliate
• India Top court to resume hearing loan moratorium case
• India Nov. Gross GST Revenue INR1.05T, Rises 1.4% Y/y
• ADB, India Sign $132.8m Loan for Meghalaya’s Power Distribution
• World Coffee Exports Rose 3.2% Y/y in October: ICO
• Global Funds Buy Net INR32.4B of India Stocks on Tuesday: NSE
o Domestic funds sell net 10.4b rupees of stocks
• Foreign Investors Buy Net INR91.3B of Indian Equities on Nov. 27
• Foreigners Sell Net INR2.55B of India Equity Derivatives Tuesday
• Divi’s Labs (DIVI): Begins Construction of INR15B Facility Near Kakinada
• Dr Reddy’s Lab (DRRD): With RDIF start Sputnik V Clinical trials in India
• Eicher Motors (EIM): Says Nov. total sales up 6% y/y to 63,782 motorcycles
• Hero MotoCorp (HMCL): Nov. sales up 14.4% y/y to 591,091 units
• Phoenix Mills (PHNX): Signs non-binding term sheet with GIC Affiliate; says GIC will initially acquire stake of 26%
• Reliance Power (RPWR): Says defaults on interest payment of 3-bank loans; total financial indebtedness at INR13.16b
• Tata Motors (TTMT): Nov. local sales +26% y/y to 47,859 units
• Titan (TTAN): Says festive jewelry sales growth sustained post season
• UPL (UPLL): Delaware court cuts Agrofresh litigation award from $31m To $13m