Overcoming The Gloom
Road building revival offers rare hope for India infrastructure overhaul
K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects. Full Article
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MARKET EYE-Indian shares flat; Reliance falls, autos gain
* The BSE index down 0.1 percent and the NSE index falls 0.06 percent. * Falls track lower Asian shares as China's official and private sector manufacturing PMIs confirmed a recovering growth trend, but failed to convince investors the slowdown was bottoming out. * Reliance Industries falls 1.4 percent after an anti-corruption activist accused the energy conglomerate of hoarding natural gas and pressuring the government into favourable decisions, although the allegations were denied by the company. * Wipro shares gain 3 percent after the company said it will spin off its non-IT businesses into a separate company, ahead of quarterly earnings due on Friday. * Auto shares gain ahead of October vehicle sales data. Maruti Suzuki gains 0.4 percent and Mahindra & Mahindra is up 0.4 percent (manoj.dharra@thomsonreuters.com)
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