Page 9 - Latest Updates on Capital Expenditure
India inc CEOs expect higher capital expenditure, value-added exports
Top executives from leading companies in the power and steel sector - JSW Steel and NTPC, also indicated a strong capex cycle is likely to continue
 "India inc CEOs expect higher capital expenditure, value-added exports")
Q2 GDP: Investment growth at 5 qtr high, household consumption slows down
Rajani Sinha, Chief Economist, CARE Ratings, says that on the demand side, there was a sharp jump in investment, led by the Central and state governments, that helped pull up the GDP growth
 "Q2 GDP: Investment growth at 5 qtr high, household consumption slows down")
Outperformance prompts funds to explore defence exemption for L&T
The report further added that the management continues its proactive discussions with ESG agencies on the defence exposure
 "Outperformance prompts funds to explore defence exemption for L&T")
Urban consumption likely to propel India's GDP growth in July-September
Besides, the index of industrial production (IIP) also grew at a robust pace of 7.34 per cent during the quarter, along with a robust 13.9 per cent growth in electricity demand
 "Urban consumption likely to propel India's GDP growth in July-September")
India Inc capital expenditure growth enters slow lane in first half of FY24
This follows the sharp deceleration in revenue growth
 "India Inc capital expenditure growth enters slow lane in first half of FY24")
Meeting the deficit target
The pressure to rein in capital expenditure and collect more tax revenue may increase
 "Meeting the deficit target")
India Inc's capital expenditure to get lift from high capacity usage
The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices
 "India Inc's capital expenditure to get lift from high capacity usage")
Infrastructure push
The ambition will need policy support
 "Infrastructure push")
Grasim Industries' rights issue will strengthen balance sheet, fuel growth
Caustic soda prices may have bottomed out and started to improve from lows and should be higher in Q3FY24
 "Grasim Industries' rights issue will strengthen balance sheet, fuel growth")
Maruti cranks up capital expenditure with Rs 1.25 trillion 8-year plan
MSIL operates with a total production capacity of 2.25 million units annually, with the Gujarat plant contributing about 750,000 units per annum to this figure
 "Maruti cranks up capital expenditure with Rs 1.25 trillion 8-year plan")
Schneider Electric lines up Rs 3,200 cr capex by 2026: CEO, MD Sharma
The investments will be made in nine states, Sharma who is also the President Greater India region told PTI in an interaction
 "Schneider Electric lines up Rs 3,200 cr capex by 2026: CEO, MD Sharma")
GDP growth prospects bright, private capex takes off: CEA Nageswaran
On inflation, Nageswaran said that the food inflation is likely to subside with the arrival of fresh stock in the market and government pre-emptive measures
Nurturing capex
With foreign investments declining, it is necessary to maintain growth in government capital expenditure
 "Nurturing capex")
India Inc plans to press the pedal on capital expenditure: CEO poll
59% expect markets to remain buoyant; rising prices a worry for 27%
 "India Inc plans to press the pedal on capital expenditure: CEO poll")
NHAI, Railways on track to achieve 60% of capital expenditure target in H1
Capex by CPSEs touches 35% of target in Apr-July
 "NHAI, Railways on track to achieve 60% of capital expenditure target in H1")
Foreign players' share in private sector capital expenditure declines
Domestic players are driving new project announcements
 "Foreign players' share in private sector capital expenditure declines")
India1 Payments to expand white-label ATM network to 20,000 units in 3 yrs
At present, white-label ATMs represent 15 per cent of all ATMs in India
 "India1 Payments to expand white-label ATM network to 20,000 units in 3 yrs")
Capital expenditure by CPSEs touches 32% of target in first quarter
NHAI and Railways start the capex cycle on a stronger note
 "Capital expenditure by CPSEs touches 32% of target in first quarter")
Over Rs 19K crore capex lined up for adding airport capacity in FY24
The country has more than 140 airports
 "Over Rs 19K crore capex lined up for adding airport capacity in FY24")
Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data
The finance ministry has targeted to bring down the fiscal deficit to 5.9 per cent of GDP in FY24 from 6.4 per cent of GDP in the preceding year
 "Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data")