Page 6 - Latest Updates on Capital Expenditure
Under construction
Project delays must be avoided
 "Under construction")
Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant
Delphi-TVS Technologies, a joint venture between diversified conglomerate TVS Group and auto-component major BorgWarner, has lined up investments worth about Rs 450 crore over the next 3 years
 "Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant")
Reserve Bank likely to help states to analyse, frame their capex numbers
As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support
 "Reserve Bank likely to help states to analyse, frame their capex numbers")
CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30
It is looking to start new business lines like collection and recover services
 "CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30")
New projects hit Rs 12.3 trillion in March quarter on large orders
Analysts say slowing growth globally may limit future investments
 "New projects hit Rs 12.3 trillion in March quarter on large orders")
Capex cannot be driven by public investment, says industry body Assocham
Industry body Assocham said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy
 "Capex cannot be driven by public investment, says industry body Assocham")
India Inc planning to increase capex, hire more in FY24: BS Poll
Most top executives appear to be upbeat about sales and profit
 "India Inc planning to increase capex, hire more in FY24: BS Poll")
Guns vs Butter-I: House panel welcomes larger funds allocation
The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop
 "Guns vs Butter-I: House panel welcomes larger funds allocation")
Capital expenditure of states shows improvement as year comes to a close
The biggest improvement year-on-year (YoY) has been by Uttar Pradesh, Maharashtra, Gujarat, and Karnataka
 "Capital expenditure of states shows improvement as year comes to a close")
States given capital expenditure targets tied to interest-free loans
If target missed, part of loans to be deducted in 2024-25
 "States given capital expenditure targets tied to interest-free loans")
Social capital and Budgets: The picture is varied, not just black or white
India's ranking on the UN's HDI has remained more or less unchanged, suggesting the country is doing no better or worse than others, though most are growing much slower than India, writes T N Ninan
Adani Transmission to announce debt refinancing plans in few weeks: Report
The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source
 "Adani Transmission to announce debt refinancing plans in few weeks: Report")
Adani Enterprises to freeze capital expenditure in new road projects
It will focus instead on completing existing ones, before committing fresh investments
 "Adani Enterprises to freeze capital expenditure in new road projects")
Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout
Holding back on investments for even as little as three months could save the conglomerate as much as $3 bn- funds that can be deployed to pay down debt or boost the cash pile, said another person
 "Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout")
Four economic trends that will impact India
The Budget reflects the shift globally in government capital expenditure, inflation, fiscal deficit and globalisation
 "Four economic trends that will impact India")
Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target
Petroleum CPSEs and the National Highways Authority of India (NHAI) have so far driven the capex among CPSEs
 "Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target")
Budget to help in reducing capital cost for Indian companies: Niti member
Niti Aayog member Arvind Virmani further said the large increase in capital expenditures by 33 per cent to Rs 10 lakh crore for infrastructure development will accelerate India's economic growth
 "Budget to help in reducing capital cost for Indian companies: Niti member")
How credible is path of improving quality of fiscal deficit going forward?
Centre's fiscal deficit is projected to come down to 5.9% of GDP next financial year from 6.4% in the current financial year
 "How credible is path of improving quality of fiscal deficit going forward?")
Budget 2023: 113% increase in allotment for northeast, highest ever
The Finance Ministry has budgeted Rs 5892 crore for FY24 for the region, which is 113 per cent more than the RE 2022-23
 "Budget 2023: 113% increase in allotment for northeast, highest ever")
Changing tracks
Investment in Indian Railways must be backed by reforms
 "Changing tracks")
