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Business News/ Market / Stock-market-news/  Opening Bell | Asia opens lower; Maruti, Tata Motors in focus
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Opening Bell | Asia opens lower; Maruti, Tata Motors in focus

Stocks fell as the US payrolls report gave little clarity to investors on when Federal Reserve will raise interest rates

A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint Premium
A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint

Asia resumes fall, investors await China opening

Asian markets opened lower. Stocks fell as the US payrolls report gave little clarity to investors on when the Federal Reserve will raise interest rates. Investors are also waiting for the resumption of trading in China following a holiday. Over the weekend, US markets closed lower. S&P 500 is down 1.5% to 1,921.

G-20 nations pledge to refrain from currency devaluations

Global finance chiefs agreed to avoid getting drawn into currency battles after China set out plans to steer its economy onto a slower path of expansion, reports Bloomberg.

Maruti to overhaul top models

Maruti Suzuki India Ltd is planning to embark on a complete overhaul of its top-selling models, such as the Swift, the Dzire and the Ertiga, in a bid to double its annual sales to 2 million units by 2020, reports Mint.

JLR expects Discovery Sport to more than treble India sales

Tata Motors Ltd-owned Jaguar Land Rover India is hopeful of more than trebling its sales in the country on the back of “a tremendous response" for its SUV hatchback Discovery Sport, reports PTI.

Diageo may not be able to recover loan from Mallya firm

Diageo said it may not be able to fully recover a $135-million ( 900 crore) loan given to Vijay Mallya-affiliated Watson Ltd by Standard Chartered Bank, where it had acted as a guarantor in case it is asked to pay up, reports PTI.

Amtek Auto’s lenders face 800-crore hair-cut

More than 80 investors, including Axis Bank Ltd, stare at a knock of 800 crore in their books in the September quarter as beleaguered Amtek Auto Ltd may fail to reschedule its payments, reports The Economic Times.

Idea Cellular seeks shareholders nod for raise up to 10,000 crore

Idea Cellular Ltd is seeking shareholders’ nod to raise up to 10,000 crore through issue of non-convertible securities on private placement basis in one or more tranches.

IL&FS Transportation in talks to sell operational road projects

IL&FS Transportation Networks Ltd is looking to sell most or all of its operational annuity road projects in an effort to reduce debt before the end of this fiscal year, reports Mint.

Amara Raja to commission tubular battery plant by December

Amara Raja Batteries Ltd plans to commission the tubular battery plant in Chittoor district of Andhra Pradesh by December 2015, reports The Hindu Business Line. The company commissioned a four-wheeler battery plant in the same location in March this year.

Indraprastha Gas on campaign to add three lakh households

Indraprastha Gas Ltd began an intensive marketing campaign to chase the government-set target of adding three lakh households in the current fiscal, reports The Economic Times. According to the report, the company added one lakh households in 2014-15.

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Published: 07 Sep 2015, 07:58 AM IST
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