The Budget FY2025 has set a target of achieving a fiscal deficit of 4.9 per cent of the GDP

capex, capital expenditure

Industrialist Gautam Adani on Sunday called on Chhattisgarh Chief Minister Vishnu Deo Sai and announced an investment of Rs 65,000 crore in the Adani Group's energy and cement projects in the state, officials said.
Adani met Sai at the latter's official residence in Chhattisgarh capital Raipur, a statement issued by the state's public relations department said.
During the meeting, Adani announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba and Raigarh in the state. This expansion will enhance Chhattisgarh's total power generation capacity by an additional 6,120 MW, the statement said.
Additionally, the Adani Group chairman also committed Rs 5,000 crore for the development and expansion of the group's cement plants in the state, it said.
On the advice of the CM, Adani also assured the state government of a Rs 10,000 crore impetus over the next four years to support initiatives in education, healthcare, skill development and tourism und

Gautam Adani, Adani

Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.
Movement of crude oil prices and the dollar index will also be tracked by investors. The strengthening of the US dollar, along with rising US bond yields, impacted investors' confidence last week.
"The Indian equity markets are poised for a volatile week ahead, as investors eagerly await the release of Q3 earning reports from major companies.
"Prominent names such as Infosys, Reliance Industries, HCL Technologies, HDFC AMC, HDFC Life Insurance Company, and Axis Bank are set to unveil their financial performance, which is likely to significantly impact market sentiment," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.
Adding to the market's dynamic, a tug-of-war ...

Stock markets, Indian markets

The appliances and consumer electronics industry on Thursday urged the government to bring the second round of the production-linked incentive (PLI) scheme for products like compressors and motors and rationalise taxes and tariffs on imports.
It has also asked for reductions in tariffs on imports, which will help to make the products competitive in the global market, said industry body Consumer Electronics & Appliances Manufacturers Association (CEAMA).
"We, over a period of time, need to reduce the taxes. We need to reduce our tariffs so that really, our manufacturers can become competitive. We have a large base, and really we should be manufacturing for the world," said CEAMA President Sunil Vachani.
Besides, he also suggested creating large centres of excellence along the coastal areas, "where we can offer plug and play facilities to our MSMEs and offer land at attractive rates to a large corporate".
This will help in building export competitiveness, Vachani added while ...

appliances, electrical appliances

Haldiram's, in contrast, is one of the handful of Indian-owned and -developed brands that not only grew but held its own against the snack foods flood from multinationals

e-commerce

The government must focus on improving governance and performance at PSUs and public sector banks (PSBs)

Budget

L&T Chairman SN Subrahmanyan's controversial call for working Sundays, featuring a misogynistic joke, sparked backlash from figures like Deepika Padukone, Harsh Goenka

S N Subrahmanyan

Hasina took away your bank, you've now served revenge. Here's the test: Now that you have public office, it implies public trust. Can you have it and do nothing? And if you would, what would it be?

Muhammad Yunus, Yunus

DCP South Ankit Chauhan disclosed that during interrogation, the accused student confessed to having previously sent similar threatening emails

bomb threat

Pharma groups had wanted two year extension, will raise concerns with govt

medical

Two large producers and exporters have been brought into the sanctions net: Surgutneftegas and Gazprom Neft

crude oil

Freelancers in the United States contribute significantly to the country's economy, with earnings totalling approximately $1.27 trillion in 2023

economy

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

Displaying categorized search results for news

Latest News

In this section

All

Small, medium-sized pharma firms gear up to comply with revised Schedule M

Widening net: New US sanctions to affect supply of Russian energy

Hailing the freelance economy as it expands across global professions

Most Popular

Read

Shared

Commented

Centre likely to save over Rs 70,000 crore on expenditure in FY25

Adani announces Rs 65K cr investment in energy projects in Chhattisgarh

Inflation data, Q3 earnings, FII trading to drive mkts this week: Analysts

Displaying categorized search results for news Advance Search