Read more about Asia shares ease from 3-month highs, caution ahead of US payrolls on Business Standard. Chinese shares were marginally firmer in a choppy session.
Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released Index of Eight Core Industries (ICI) for the Month of April, 2021. The combined ICI stood at 126.7 in April 2021, which increased by 56.1% (provisional) as compared to the Index of April 2020. This high growth rate in April 2021 is largely due to low Index base in April 2020 consequent to the low industrial production across all sectors caused by nationwide lockdown imposed to contain spread of Covid-19 last year.
The month over month production of eight core industries, as captured by ICI, declined by 15.1% (P) in April 2021 compared to March 2021 (P) due to emergence of second wave of infectious COVID-19. Final growth rate of Index of Eight Core Industries for January 2021 is revised to 1.3% from its provisional level 0.1 %. The growth rate of ICI during April-March 2020-21 was (-) 6.5% (P) as compared to the corresponding period of last FY.
Read more about Asian stocks extend global rally to seventh day; US stimulus in focus on Business Standard. Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI s broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month
Read more about L T Foods Ltd leads losers in A group on Business Standard. J Kumar Infraprojects Ltd, Vakrangee Ltd, Hester Biosciences Ltd and KPIT Technologies Ltd are among the other losers in the BSE s A group today, 26 May 2021.
Through its subsidiary Larsen & Toubro International FZELarsen & Toubro announced that its wholly owned subsidiary, Larsen & Toubro International FZE has entered into a Share Purchase Agreement on 17 May 2021 to purchase, 6.35% stake in Help Lightning INC., a Delaware Corporation.
The company will invest USD 2.5 million for acquisition of 2,241,408.68 shares of Series A Preferred Stock.
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