Indian Gaming Firms Say New Tax Will Stifle Foreign Investment
Top investors including Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. In the letter dated July 14, gaming companies including MPL urged the finance minister to rethink the move, highlighting the impact on jobs and investment.
Jul 16, 2023, 14:34 PM IST
Tata Power Mulls To Double Capex To Rs 12k Cr In FY24; Focus On Renewables
Tata Power plans to become an ESG benchmark in the power sector with progress being made on the 3 key goals outlined - becoming Carbon Net Zero by 2045, 100 per cent Water Neutral by 2030, having No Net Impact on Biodiversity before 2030 and an organisation with Zero Waste to Landfill before 2030.
Jun 19, 2023, 20:34 PM IST
Vedanta Ltd Plans To Invest USD 1.7 Billion In FY24 On Growth Projects: Chairman Anil Agarwal
India's improved outlook in many ways is attributable to the government's quest for self-reliance in manufacturing, minerals and resources. Its importance was accentuated in the aftermath of the pandemic and the Russia-Ukraine conflict, which saw heightened uncertainties and geopolitical tensions globally.
Jun 19, 2023, 20:19 PM IST
FM Nirmala Sitharaman holds 4th review meeting on CAPEX of CPSEs
This was 4th in the ongoing series of meetings that the Finance Minister is having with various stakeholders to accelerate the economic growth in the background of COVID–19 pandemic.
Oct 19, 2020, 17:26 PM IST
CPSUs to spend over Rs 1 lakh crore in FY20, told to clear dues by Oct 15: FM Nirmala Sitharaman
The FM said that the PSUs have been asked to set up a portal by October 15 to enable service providers, vendors and contractors to track bills and payments so that the liquidity crunch is mitigated.
Sep 28, 2019, 16:48 PM IST
Tata Steel trims capex by 25% to Rs 10,000-cr this fiscal
Tata Steel, which reported a massive Rs 5,674 crore loss in the March quarter due to non-cash write downs, Wednesday said it will spend Rs 10,000 crore in capex this fiscal as it hopes demand conditions to improve over the next few quarters.
May 21, 2015, 00:32 AM IST
BPCL raises $500 mn to fund capital expenditure
State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.
Apr 30, 2015, 17:32 PM IST
Investment on cusp of revival as capex rises
RBI Governor Raghuram Rajan Tuesday said green shoots are visible in the investment climate, but refrained from commenting on the new CSO series on economic growth numbers.
Apr 07, 2015, 21:42 PM IST
Budget 2015: Credit Suisse sees FM boosting capex, raising I-T slab
Swiss brokerage firm Credit Suisse is expecting a growth-boosting budget on Saturday with increase in public spending and in the personal income tax exemption limits.
Feb 26, 2015, 21:34 PM IST
SBI arm for higher fiscal deficit target to boost investment
Analysts and economists at the nation's largest lender SBI today joined the call for stretching the fiscal deficit target by a few notches so that the government can boost capex without impacting the fiscal consolidation process.
Feb 24, 2015, 23:51 PM IST
Royal Enfield to invest Rs 500 cr on capex, tech centers
Royal Enfield, the two-wheeler division of Eicher Motors, will invest Rs 500 crore this year on various activities, including setting up of two technology centres and increasing its production capacity to 4.5 lakh units annually.
Feb 17, 2015, 17:25 PM IST
RIL hopes for Rs 10,000-cr capex in remaining part of FY'15
Reliance Industries, which Monday reported a 1.7 percent rise in net profit at Rs 5,972 crore for the three months to September, expects up to Rs 10,000 crore capital expenditure in the remaining part of this fiscal.
Oct 13, 2014, 22:53 PM IST
Britannia plans up to Rs 200 cr capex over two years
FMCG company Britannia Industries Limited is planning a capital expenditure between Rs 150 crore and Rs 200 crore over the next two years, its chairman Nusli Wadia said.
Aug 12, 2014, 18:37 PM IST
PGCIL to feed wind energy generated power to national grid
State-run transmission utility PGCIL plans to set up a system to feed electricity generated from offshore wind energy projects to the national electricity grid, a top official said on Tuesday.
Aug 05, 2014, 22:45 PM IST
Tata Motors lines up up to Rs 4,000 crore capex
With expected turnaround of auto industry by the latter half of the financial year, Tata Motors on Thursday said it is investing Rs 3,500-Rs 4,000 crore this year.
Aug 01, 2014, 00:35 AM IST
Bharti Infratel posts 29% jump in Q1 profit at Rs 462.8 crore
Telecom infrastructure company Bharti Infratel today reported 29.4 percent jump in net profit to Rs 462.8 crore for the April-June quarter of 2014-15 and it will invest Rs 1,345.7 crore in capital expenditure by the end of this fiscal.
Jul 25, 2014, 00:28 AM IST
10% duty will add to capex burden by Rs 1,000 crore: COAI
India has signed ITA 1 as a member of World Trade Organisation (WTO) in March, 1997 which, has finished off the electronics manufacturing industry in the country.
Jul 13, 2014, 14:32 PM IST
