With capacity utilization low even before the pandemic hit and with no resources for capex by central and state governments, it will take a long time for the capital goods sector to rebound
In a regulatory filing, the Aditya Birla Group firm said the capital and financial resources of the company remain entirely protected in spite of the adverse impact on its sales during the first two phases of the lockdown and the liquidity position remains "adequately covered".
The proposed new models in the shared mobility space will come out from its soon-to-be-launched premium platform, code-named T1N, an export-focused premium van developed with an investment of Rs 1,000 crore and is getting ready for commercial production by the end of the year.
Investors will be more focused on what they hear on the ground from companies in post-results management commentary
This decline in exploratory expenditure comes alongside a steady decline in domestic crude oil production.
In May this year, the company, which has a gross debt of Rs 1.11 lakh crore as of end September, had announced plans to reduce the debt by another USD 1 billion and a capex plan of Rs 12,000 crore.
The total amount available for capital expenditure for 2019-20 is Rs 5.45 lakh crore
Deterioration in capex will slowly seep into weak order flows for capital goods firms.
The credit rating firm said it expects near doubling of research and development investments as Indian companies launch complex generics, specialty and biosimilar drugs
New project announcements fell 87 percent from a year ago
Government consumption contributed more than a fifth of GDP growth in the March quarter
If return on capital employed is so low, where’s the incentive to go in for capex?
We need a capex recovery to accelerate economic growth but the overhang of stressed assets being put on sale could be a acting as a hurdle
India is a land of contrasts. Economic and financial reforms are a must to address the growing but unmet aspirations of its citizens
Policy space for any new government after the Lok Sabha elections to address capex driven growth will be constrained, given this budget and recent promises by Opposition parties, the UBS report suggests
President of Lemon Tree Hotels, Vikramjit Singh saidthey have earmarked a total of Rs 1,700 crore for adding1,500 rooms,which are currentlyunder constructionand expected to be completed by financial year 2021and spent half of the total budget.
The Composite CFO Optimism Index for the fourth quarter of this year increased 3.1 per cent over the July-September quarter, according to D&B India's Chief Financial Officers (CFO) survey released today.
Accordingly, the country's GDP growth will accelerate to 7.5 per cent in 2019 financial year, the report by global financial services major Morgan Stanley said.
Last year, for the first time, the company was allowed to issue infrastructure bonds worth Rs 1,000 crore. Of this, it raised only Rs 340 crore due to lower fund requirement last year.
Government capex is expected to remain elevated particularly in the light of the growing tax revenues, an endeavour to fill the void caused by the slowdown in private capex and general elections in 2019.
"The company is planning to launch flavoured water as well as energy drinks at the new unit," Sheelpe Enterprises Managing Director Behram Mehta told PTI here.
Talwalkars, the health and fitness centre chain, says the deal will cut the cost of setting up or acquiring a gym by 35-40 percent.
Maharashtra, Uttar Pradesh, Telangana, West Bengal and Punjab lead the charge constituting almost 83 percent of the increase.
The company as part of launching the mobile service would invest about Rs 300 crore besides generating employments to 1,000 people, Adpay Mobile Payment India Pvt Ltd., Founder-CEO, Sivakumar Kuppusamy said.