The higher spending, tax cuts and supportive policies announced in India's Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates.
During the mentioned period of 2022-23, the capex spending on housing and urban affairs was Rs 11,000 crore as against Rs 17,000 crore same period last year. The Budgeted capex estimate for entire 2022-23 financial was Rs 27,000 crore.
Capital goods companies are expected to benefit from the transition to newer sources of energy and subsequent decarbonization of the economy, besides a pick up in exports and public/private spending.
New Delhi [India], February 12 (ANI): Oil and Natural Gas Corporation (ONGC) on Saturday said its net profit surged to Rs 8,764 crore in the third quarter of the current financial year against Rs 1,258 crore recorded in the corresponding period of the previous year, posting year-on-year incr
New Delhi [India], August 19 (ANI): ICRA has forecast the year-on-year growth of the GDP and gross value added (GVA) at basic prices (at constant 2011-12 prices) at 20 per cent and 17 per cent respectively in Q1 FY2022, benefitting from healthy Central and state government capital spending,
Mumbai (Maharashtra) [India], May 24 (ANI): Aditya Birla-led Grasim Industries on Monday posted a consolidated net profit of Rs 2,617 crore for the March quarter, up 13 per cent from Rs 2,309 crore in the same quarter of previous fiscal.