Capital expenditure spending in India increased by 63.4 per cent in the first eight months of 2022-23, according to the Economic Survey document for 2022-23 which, projected the capex rise as another growth driver of the Indian economy.
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.
The said projects would be subject to the requisite approvals of statutory authorities of the government of India, the company said. Accordingly, the company said it was now developing city gas distribution network in 25 geographical areas including the above CGDs, covering 62 districts in 1
The rupee may remain weak-to-volatile for a while but the worst is largely over for the currency, said Seshadri Sen, Head of Research at asset management company Alchemy Capital Management.
Mumbai (Maharashtra) [India], September 28 (ANI/PNN): Public issue of Pace E-Commerce Ventures Ltd - One stop solutions for children's furniture, bedding, housewares and essentials is scheduled to open for subscription on September 29. Company received approval to launch its public issue on
Singapore, August 29 (ANI): Last week, a day after reporting its first quarter 2022 financial results, Singtel announced on August 25 that it would sell a 3.3 per cent stake in India's Bharti Airtel Ltd to Bharti Telecom Ltd for an aggregate consideration of about USD 1.61 billion.
Bali [Indonesia], July 15 (ANI): Reflecting upon India's growth story, Union Finance Minister Nirmala Sitharaman on Friday said that India's long-term growth prospects are embedded in capital expenditure for public programmes.
New Delhi [India], July 11 (ANI): State-owned coal major Coal India reported a 65 per cent growth in capital expenditure year-on-year during the April-June quarter of FY23 in a regulatory filing to the stock exchanges on Monday.
New Delhi [India], July 5 (ANI): The outlook for India's bank credit growth, which has witnessed modest growth in recent years, is expected to remain positive due to slew of factors such as economic expansion, rise in government and private capital expenditure, rising commodity prices, imple
New Delhi [India], 14 June (ANI): Union Minister for Road Transport and Highways, Nitin Gadkari on Tuesday said that the project for the construction and maintenance of a cable-stayed bridge across the Chambal river on Kota Bypass on NH-76 of East-West Corridor in Rajasthan has been complete
New Delhi [India], May 26 (ANI): Oil and Natural Gas Corporation (ONGC) has drawn up a comprehensive roadmap to further intensify its exploration campaign, allocating a capital expenditure of about Rs 31,000 crore in the next three fiscal years during FY 2022-25, 50 per cent more than its ex