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Opening bell: Asian markets open higher; Divi’s Labs, Motherson Sumi in news

LiveMint logoLiveMint 28-03-2017 Harsha Jethmalani

US equities end lower; Asian markets gain

US stocks closed mostly lower on Monday as investors reassessed the prospects of key White House proposals, including tax reform, coming to fruition.

Asian markets gained on Tuesday morning as investors shrugged off the disappointment from the current US administration’s ability to push through legislation to repeal and replace the Obama-era health care law.

Govt tables GST bills in Lok Sabha, stokes hope of 1 July rollout

The government introduced the supporting legislation for the goods and services tax (GST) in Parliament on Monday, reinforcing expectations that it would make the 1 July deadline for the roll-out of this singular tax reform.

Below normal monsoon likely from June to September: Skymet

India to face a below normal rainfall during the June to September south-west monsoon season, said private weather forecaster Skymet.

Divi’s Labs says US FDA import alert on Vizag unit to hit revenue by less than 5%

Divi’s Laboratories Ltd on Monday said a recent US Food and Drug Administration (FDA) import alert at its Andhra Pradesh factory will hurt its revenue by less than 5%, since the ban has excluded 10 products made there.

GST may bring cheer for premium, luxury car buyers

If you’re looking to buy a luxury or a premium car, you may like to wait until the goods and services tax (GST) is implemented. The potential benefit: Taxes will be about four to 12 percentage points lower.

Motherson Sumi closes PKC acquisition deal

Auto component major Motherson Sumi Systems Ltd (MSSL) said it has completed acquisition of Finland’s PKC Group Plc for around €571 million (over Rs4,150 crore).

Fortis Healthcare said to consider buyout of Singapore trust

Fortis Healthcare Ltd, India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics.

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