A lot of exporters who had availed of certain duty-free benefits while importing raw material filed a writ petition in the Delhi High Court last week against the government, claiming that the tax department has now refused to adjust the pending tax credit.

Yes Bank co-founder Rana Kapoor has proposed that the promoters – late Ashok Kapur’s legal heirs and Kapoor himself – would have the right to nominate three directors to the board, suggesting a concrete step toward ending a protracted family feud that had turned public.

China’s state-run CGTN Television has for the first time excluded Pak-occupied Kashmir (PoK) from Pakistan’s map while it reported last Friday’s terror attack on a consulate in Pakistan.

Neither opinion polls nor actual results have long-term bearing on stock market: Saurabh Mukherjea, Marcellus Investment In the short-term, markets get affected by elections because a generation of investors have entered the market in the last three-four years with a specific political mindset, Saurabh Mukherjea, Founder, Marcellus Investment, tells ET Now.

Good morning! Here’s a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds.More than 5.04 crore voters of Madhya Pradesh and 7.7 lakh electors in Mizoram will be casting their votes to elect legislators to their state Assemblies today. While Congress will be hoping to break BJP's three-term monopoly in Madhya Pradesh, BJP will be looking to make inroads in Mizoram. With BJP and Congress rather evenly poised in the battle for 230 seats in MP, it’s the high number of BSP contestants and rebel candidates that makes this election all the more exciting. Opinion polls show clear loss of BJP in Rajasthan and very tough fight in MP and Chhattisgarh. Failure of BJP to retain this state could give cues for major upsets in 2019 general elections.US President Donald Trump is open to reaching a deal on US-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry Kudlow said on Tuesday. Trump had told advisers that while he was open to a deal, there were issues like intellectual property theft, forced technology transfer, ownership of American companies in China, high tariffs and non-tariff barriers on commodities, and commercial hacking that “must be solved.” China on the other hand, warned of dire consequences if US hardliners try to separate the world’s two largest economies.Investors will now turn their attention to a speech on Wednesday by Federal Reserve Chair Jerome Powell for further clues on how many more times the central bank is likely to raise interest rates. The event has become even more critical as signs of a global slowdown and nearly two months of market volatility have clouded an otherwise rosy US picture, prompting speculations the Fed will go slow on rate hikes next year. Traders are also watching the speech in light of Trump’s criticism of Powell in a newspaper interview, saying Fed policies were damaging the US economy.In an apparent defence of the government's demonetisation decision, RBI Governor Urjit Patel Tuesday told law makers that the note ban impact was transient and the economy is robust. Patel, who appeared before the Parliamentary Standing Committee on Finance, would give written responses on some of the controversial issues raised by the members, including the government citing never-used powers to get the central bank on the discussion table.Oil prices rose on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut. US West Texas Intermediate (WTI) crude futures CLc1 were at $52.00 per barrel at 0027 GMT, up 44 cents, or 0.9% from their last settlement. International Brent crude oil futures LCOc1 were up 44 cents, or 0.7%, at $60.65 per barrel. Despite Wednesday’s rise, oil prices have still lost almost a third of their value since early October.India recorded the highest average real wage growth in South Asia during 2008–17, according to a report by the International Labour Organisation (ILO). Reflecting more rapid economic growth than in other regions, workers in Asia and the Pacific have enjoyed the highest real wage growth among all regions over the period 2006–17, with countries such as China, India, Thailand and Vietnam leading the way, the Global Wage Report 2018-19 said.Bank lending over the past 40 fortnights show that investments in projects are picking up. Banks' total credit to industry, retail and services doubled to 15.6% on year as of first week of November amid acceleration in consumption and revival of investment sentiment. While plain vanilla loans increased by 15% investments in the form of commercial papers and bonds rose 22% taking the non-food credit growth to 15.6%, according to the latest data released by the Reserve Bank.The government Tuesday cleared the decks for strategic sale of Air India Air Transport Services (AIATSL), ground handling subsidiary of Air India. “The alternative mechanism has approved expression of interest together with preliminary information memorandum for AIATSL sale,” said a government official, adding that it would be a 100% disinvestment. The alternative mechanism for Air India disinvestment is headed by finance minister Arun Jaitley with aviation minister Suresh Prabhu as a member.: The rupee recovered by 8 paise to close at 70.79 against the dollar on Tuesday on increased selling of the greenback by exporters and softening crude oil prices.: India 10-year bonds' yields rose 0.01% to 7.73% on November 27 from 7.72% in the previous trading session, reports Bloomberg.: The overnight call money rate weighted average was 6.44% on Tuesday, according to RBI data. It moved in a range of 5.00-6.60%.