Indian stocks climbed to all-time highs as engineering companies and cement makers advanced amid speculation the government will boost spending and accelerate approvals for roads, ports and power projects.
Inspectors from billionaire Anil Ambani’s electricity retailer BSES Rajdhani Power Ltd. entered a village near New Delhi last week hunting for tampered meters. Residents responded by beating them with iron rods.
Mumbai Metro One Pvt., a unit of billionaire Anil Ambani’s Reliance Infrastructure Ltd., will start Mumbai city’s first metro train tomorrow, Mint newspaper reported, citing two people with knowledge of the plan.
Industrials and lenders led Indian shares to a record high, offsetting losses in software and health-care companies, as Narendra Modi’s election victory spurred stocks that benefit most from a stronger economy.