Looming risks subdue Asia stock investors after stellar quarter
SINGAPORE Investors' enthusiasm for Asian stocks is waning as a raft of political and economic risks takes the shine off the best first-quarter returns in 26 years.
NEW DELHI India's annual infrastructure output growth slowed to 4.9 percent in November compared with 6.6 percent in the previous month as crude oil and natural gas production declined, government data showed on Monday.
For the first eight months of the current fiscal year, which ends in March 2017, the output growth came in at 4.9 percent.
Electricity generation, however, grew 10.2 percent year-on-year in November, faster than a 2.8 percent rise in the previous month.
(Reporting by Manoj Kumar)
MUMBAI Reliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion.