"On capex, there might be some undershooting, but spending will be more than last year. Last year, we spent 95% of the allotted capex, and this year it is likely to be the same—95% of the target," Seth said at a curtain raiser event for industry body FICCI's 97th AGM and Annual Convention. In FY24, the government spent 95% of the ₹10 trillion capex allocation, revised to about ₹9.50 trillion later. The spending came to ₹9.49 trillion.
Diese Geschichte stammt aus der November 21, 2024-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der November 21, 2024-Ausgabe von Mint Mumbai.
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HC stays Seci order barring Reliance Power from bids
State-run firm barred Anil Ambani company for allegedly submitting fake bank guarantee
Wipro tasks insider to revive fortunes in its No. 2 market
Nisal, who is based out of London, will take over the role immediately, reporting to CEO and MD Pallia
LIC, others oppose Goenka as Zee MD
Norges, the world's largest sovereign wealth fund, which owns 3.96% in Zee, okayed Goenka's reappointment
Outlook on Adani firms cut
Moody's cuts outlook on seven Adani companies; Fitch flags Adani bonds for possible downgrades
US DFC's $500 mn loan to Adani group for Lanka port is pending
Colombo West International Terminal aims to counter Chinese influence in Sri Lanka, boost the local economy
Bank guarantee waiver set to ease Vi's debt burden
Vi has put in place a ₹55,000 crore capex plan to upgrade its 4G network and launch 5G over next three years
Delhivery gradually finds its feet amid rising competition
Delhivery Ltd's shares are hovering near 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment is subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce.
Cement cos need price hikes
DEMAND WOES IN Oct and Nov, cement demand wasn't as robust due to labour shortage in the festive season DEMAND-supply mismatch could cap the sector's utilization below 70%
IPOs to get bigger even after size has doubled in 2024
Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S. Ramesh, managing director and CEO of Kotak Investment Banking.
PPFAS holds cash in 'overvalued' mkt
Indian equities are overvalued as earnings grow slower than expected and a relentless supply of shares from large initial public offerings and stake sales by promoters soak up liquidity, according to Rajeev Thakkar, chief investment officer at PPFAS Mutual Fund.
