Taiwan Semiconductor Manufacturing Co. (TSMC) approved a USD 44.96 billion capital budget on Tuesday to expand its advanced and speciality technology capacity amid a global surge in demand for artificial intelligence.
Noting that capital budget outlays have not come down, Finance Minister Nirmala Sitharaman on Tuesday said that the government is using almost the entire borrowed resources for financing effective capital expenditure.
Hindustan Aeronautics Limited (HAL) handed over the first twin-seater Light Combat Aircraft 'Tejas' to the Indian Air Force (IAF) in October 2023, in the presence of Minister of State for Defence Ajay Bhatt realising the vision of `Aatmanirbhar Bharat'.
The Minister said the domestic demand must be there for creating demand for the defence industry and a record 75 per cent of defence capital procurement budget has been earmarked for domestic industry in 2023-24
New Delhi [India], July 18 (ANI): Defence Minister Rajnath Singh on Monday said that the Indian Navy spent over 64 per cent of its capital budget in domestic procurement in the last financial year and it is expected to increase to 70 per cent in the current financial year.