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Opening bell: Asian markets open mixed; Reliance Capital, ONGC in news

LiveMint logoLiveMint 17-03-2017 R. Sree Ram

US markets end lower, Asia little changed

US markets closed lower. S&P 500 lost 0.16% to 2,381 on selling in healthcare and energy stocks. Asian markets opened in green with markets outside Japan registering marginal gain.

GST council clears last two bills

The goods and services tax (GST) council gave its nod to the two remaining pieces of supporting legislation for implementing the landmark tax reform, paving the way for their introduction in Parliament and state legislatures.

Maharashtra CM to lead delegation to centre over farm loan waivers

Maharashtra chief minister Devendra Fadnavis told the state legislative assembly on Thursday that he would lead a delegation to the centre to discuss a waiver of farm loans and other measures to boost agriculture.

Honda to make new motorcycle to take on Royal Enfield

Honda Motor Co. has formed a team of engineers from Japan and Thailand to work in India and develop a global middleweight motorcycle to compete with Eicher Motors Ltd’s Royal Enfield, reports Mint.

Reliance Capital to separate health insurance unit, list home finance subsidiary

Reliance Capital Ltd plans to set up a standalone health insurance company by carving it out from the general insurance entity, reports PTI. In another report, the company is on track to list its home finance subsidiary and also divest its stakes in non-core assets.

Vodafone, Idea Cellular nearing initial agreement in merger deal

Vodafone Group Plc is nearing an initial agreement to merge its Indian operations with Idea Cellular Ltd, reports Bloomberg. According to the report the two firms plan to announce a preliminary agreement this month.

ONGC to invest Rs21,500 crore in India’s deepest gas find

ONGC Ltd plans to invest over Rs21,500 crore to develop India’s deepest gas discovery by 2022-23, helping it more than double output from its KG basin block, reports PTI.

IRB Infrastructure to launch investment trust in April

IRB Infrastructure Developers Ltd is planning to launch India’s first infrastructure investment trust (InvIT) in April, reports Mint.

Applications for H1-B visa to be accepted from 3 April

Lastly, the US will start accepting applications for H-1B work visas for the fiscal 2018 from 3 April amid the uncertainties surrounding the visa programme, the most sought after by Indian IT firms and professionals, reports PTI.

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