IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.
To support the increase in power production, stakeholders have emphasised the imperative need to boost investment in infrastructure to elevate domestic consumption and enhance exports to neighbouring countries.
On Monday, 2062 stocks advanced, 1675 declined and 170 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Domestic equities prompted buying, notably in the IT sector, as a result of the global market s recovery following a big slump.
On Tuesday, 2212 stocks advanced, 1445 declined and 128 remained unchanged, with an advance decline ratio of 1.53, indicating a positive closing of stocks in broader markets. Ongoing concerns about continued global uncertainty hindered Indian shares ability to sustain their upward pace, even in the face of supportive international markets. IT and pharmaceuticals, two industries strongly linked to the Western economy, suffered setbacks, while power stock and mid- and small-cap stocks linked to government spending and private capital expenditure, remained strong.