India's September Infrastructure Output Contracts 0.8%

India’s infrastructure output in September contracted 0.8 per cent from a year earlier, government data released on Thursday showed.

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40 per cent of industrial output, contracted 14.9 per cent in the six months through September from a year earlier, the data showed.

Comments

Post a Comment

Popular posts from this blog

Elon Musk's "Use Signal" Post Spurred Massive Rally For The Wrong One

A two-word app recommendation from Elon Musk has turned into a massive rally in the shares of a tiny medical device company in another case of mistaken identity. “Use Signal,” the Tesla Inc. chief executive officer wrote on Twitter on Jan. 7, apparently referring to the encrypted messaging service. By the end of the day, Signal Advance Inc. shares had surged more than sixfold. That was enough to push Signal Advance’s rally more than 5,100% in three trading days giving it a market valuation of $390 million. Despite reports about the confusion on Friday, the stock has continued to rally. Shares of the Rosharon, Texas-based company surged as much as 885% on Monday before paring the gains. “We strongly recommend people do their due diligence and always invest with care,” the company’s chief executive officer, Dr. Chris Hymel, said when reached by phone on Monday. Signal Advance doesn’t have an association with Musk or the Signal app, he said. Signal...
Read more

EzyStayz Kicks Off Its First Exchange Listing With Foblgate

Image
EzyStayz joins forces with DexOne to launch new tokens on Korean exchange Foblgate Press Release – updated: Apr 21, 2020 14:00 EDT SYDNEY, April 21, 2020 (Newswire.com) – The only Australian-owned global holiday rental website “EzyStayz” has released their own cryptocurrency “EZY” which will be launching on the Korean exchange Foblgate on the 21 April at an introductory price of 0.005 USD. EzyStayz has 1 million listings in 205 countries around the globe, which include 80,000 + destinations worldwide and 1982+ Hotels Chains & Boutique resorts. EzyStayz has enhanced its travel experience by introducing gaming elements to its product offering a different marketing approach towards their customers allowing them to play and win their accommodation booking for free. Foblgate is one of the largest exchanges in South Korea, a country that is responsible for approximately 35% of all global crypto trading. Foblgate is soon to announce a partnership with Binance, so it is a gre...
Read more

ETF Securities offers Australian investors first access to India growth story

Image
SYDNEY, June 21 – ETF Securities is offering investors a unique opportunity to tap into the world’s fastest growing major economy with the launch today of Australia’s first India equities Exchange Traded Fund. Listed today on the Australian Securities Exchange with the code NDIA, the ETF is a partnership between ETF Securities and one of India’s largest asset managers, Reliance Nippon Life Asset Management (RNAM). “India is the most dynamic economic growth story globally, but, until now, it has been difficult for investors to access,” said Kris Wales by, Head of ETF Securities Australia. “This product offers investors the chance to gain exposure to a $US2.6 trillion economy that still has tremendous potential to grow as India reaps the benefits of structural reforms,” Walesby said. The World Bank has forecast India’s economy will grow by 7.5% in 2019/20, and by the same amount in fiscal 2020 – ahead of China’s projected growth of 6.2% and 6.1% respectively over the same period. “India...
Read more