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Business News/ Market / Stock-market-news/  Opening Bell | Global equities gain on positive US Fed comments
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Opening Bell | Global equities gain on positive US Fed comments

The US Federal Reserve said the economy and job market continued to strengthen and left the key interest rate unchanged

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

Global equities upbeat

US markets closed higher. S&P 500 gained 0.7% to 2,108 after the US Federal Reserve said the economy and job market continued to strengthen and left the key interest rate unchanged, reports Reuters. Tracking the gains, Asia markets opened higher.

Government’s reforms agenda in limbo

The repeated disruptions in the first two weeks of the monsoon session of Parliament has not only blocked the economic agenda of the government, but also made it the least productive session in the 14 months since the government came to power. Read more.

Cabinet clears the decks for GST

The government set the stage for the ambitious reform legislation to roll out the goods and services tax (GST), with the cabinet signing off on amendments to the GST bill to be tabled in the Rajya Sabha. Read more.

Nestle reports first quarterly loss in 15 years

Nestle India Ltd reported its first quarterly loss in more than 15 years after the country’s food regulator ordered the recall of its Maggi noodles for containing lead in excess of the prescribed limit.

Piramal Enterprises to invest 10,000 crore

Piramal Enterprises Ltd plans to invest 10,000 crore from its structured finance group in infrastructure and other sectors over the next few years. Read more.

TVS Motor bets on exports

TVS Motor Co. Ltd plans to tap new export markets, as demand for motorcycles in the domestic market weakened, reports Mint. Revival in economic activity appears to be marginal and slow paced, TVS Motor reportedly told shareholders.

SpiceJet in talks to buy 100 planes

SpiceJet Ltd is in talks with Boeing Co. and Airbus Group SE to buy more than 100 single-aisle jets worth about $11 billion at list prices, in what would be the company’s largest-ever plane order, reports Bloomberg.

GCPL to buy additional stake in Chilean firm

Godrej Consumer Products Ltd (GCPL) will acquire the balance 40% stake in Chilean hair colour and cosmetics company Cosmetica Nacional to gain full control of the company, reports PTI. GCPL acquired 60% stake in Cosmetica in January 2012.

ITC earnings today

Dr Reddy’s Laboratories Ltd, Colgate Palmolive (India) Ltd, Exide Industries Ltd, Glenmark Pharmaceuticals Ltd, IDFC Ltd, ITC Ltd, NTPC Ltd, Kotak Mahindra Bank Ltd and Petronet LNG Ltd are some of the companies that will release their earnings for the June quarter today.

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Published: 30 Jul 2015, 08:07 AM IST
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