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.
After killing domestic roaming, Airtel's Sunil Mittal has radical plans to shake up global telecom industry. Mittal suggests that mobile operators should increase sharing of resources such as spectrum to ease the burden on telecom companies.
Shares of Reliance Industries zoomed over 10 percent in trade Wednesday, a day after the company‘s chairman Mukesh Ambani disclosed new tariff plans for its telecom arm Reliance Jio.
Reference price of steel needs to be revised in line with international prices and cost of production to stop dumping of steel into India, said Joint MD & Group CFO Seshagiri Rao of JSW Steel.
Max Speciality Films, manufacturing arm of Max Ventures and Industries, has approved a joint venture with Topann Printing of Japan. Topann will acquire 49 percent in Max Speciality Films through a combination of both primary and secondary issuance of shares, said Sahil Vachani, MD, Max Ventures and Industries.
Idea cellular, which is Aditya Birla group‘s flagship telecom venture has posted one of the worst quarterly results since its listing. It has clocked in losses of Rs 385.5 crores in the third quarter. Prakash Diwan of Altamount Capital says that the stock will slip when the market opens on Monday morning.
A report by Ambit Research says that apart from meagrely increasing capex spends and setting aside 0.07% of the GDP for recapitalising banks, the government did not do much to address these two fundamental issues.
According to the global financial services major, the government should continue with its fiscal consolidation in a "practical fashion" and stick to the 3 per cent pre-announced fiscal deficit for 2016-17, but give itself headroom for compensating States for revenue losses once GST is in place.
In its highest-ever capital expense, the Railway Ministry is planning a capital expenditure of about Rs 1.3 lakh crore and is expecting a gross budgetary support of Rs 55,000 crore (GBS) for the fiscal year 2017-18.
In an interview to CNBC-TV18 Sabu Jacob, Chairman & MD, Kitex Garments said the company is planning for a very aggressive capacity expansion over a period of three years.
The company has passed on crude price movements to customers, says Vinati Saraf Mutreja, ED of Vinati Organics.
Prime Minister Narendra Modi's New Year eve indicates a no nonsense approach towards corruption says Mahesh Vyas, MD and CEO of CMIE.
State-run enterprises aren‘t shying away from capex spends despite negative cash flows during FY16. Several PSUs are using profits made in FY17 so far to add capacities hoping to reduce the deficit-borrowing gap, according to a Financial Express report.
Finance cost is lower due to rupee being stronger, said RN Misra, Chairman & MD of SJVN.
Hyderabad-based pharmaceutical company Laurus Labs will open its initial public offering for subscription on December 6 and close on December 8. It has fixed price band at Rs 426-428 per shares.
"Idea has planned nearly 57,000 additional sites this year to enable the launch of 4G in nine circles and expand wireless broadband footprint on a pan-India level," a company release said.