Page 15 - Capex
Budget to see poll-oriented spending boost to focus on infra capex: Report
Ahead of the national elections, the last full budget of the Modi government is likely to boost welfare spending with a focus on rural and infra capex, according to a report. However, it may pencil in for a lower fiscal gap at 5.8 per cent next fiscal, given the likely reduction in subsidies, even though nominal GDP growth is likely to fall by a third to 10.5 per cent, it added. The government is likely to miss the medium-term fiscal roadmap of bringing down the fiscal deficit to 4.5 per cent by FY26, given the overall domestic and global slowdown, as per the report by Swiss brokerage UBS. The government will present its last full budget on February 1 amid global and domestic headwinds. The nation is bound for hustings mid-next 2024, which will have its sway on the budget, the report said, adding the government is expected to support growth by boosting welfare spending, albeit within fiscal boundaries, which will also help it manage macro stability risks amid the rising global ...
 "Budget to see poll-oriented spending boost to focus on infra capex: Report")
Building resilience for the long game
The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade
Govt to tap brakes on capex growth, key subsidies, finds poll of economists
Food and fertiliser subsidies that help two-thirds of India's 1.4 billion people will also be scaled back
 "Govt to tap brakes on capex growth, key subsidies, finds poll of economists")
Jubilant Foodworks plans to invest Rs 900 crore in India in 12-18 months
Out of the total CAPEX, Rs 500 crore to Rs 600 crore will be funded towards stores
 "Jubilant Foodworks plans to invest Rs 900 crore in India in 12-18 months")
Jubilant FoodWorks lines up Rs 900 cr capex plan for next 12-18 months
In a regulatory filing, the company said capex of Rs 900 crore would be funded entirely through internal accruals over a period for 12-18 months
Adani Enterprises' Rs 20,000 crore FPO to fund green capex, debt payback
Rs 11,000 crore will be invested in green hydrogen and airport projects, Rs 4,100 cr for retiring debt
 "Adani Enterprises' Rs 20,000 crore FPO to fund green capex, debt payback")
Vodafone Idea won't be able to pay $5-bn govt dues from FY26: CLSA
Vi's capex was 80 per cent lower than rival Airtel in the past nine months
 "Vodafone Idea won't be able to pay $5-bn govt dues from FY26: CLSA")
India's capex spending likely to slow on lower tax haul, global recession
Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.
 "India's capex spending likely to slow on lower tax haul, global recession")
Big states lag on capital expenditure front despite Centre's support
Economists say many poll-bound states chose to focus on scheme and subsidy spending
 "Big states lag on capital expenditure front despite Centre's support")
Capex push in states
Maintaining the momentum will be challenging
 "Capex push in states")
States' fiscal health better after Covid-19 pandemic stress: RBI report
States must urgently push for debt consolidation, create capex buffers
 "States' fiscal health better after Covid-19 pandemic stress: RBI report")
Steady and cautious: What India's conglomerates are doing for capex push
Companies are reluctant to invest in new factories and plants when existing capacity is not fully utilised
 "Steady and cautious: What India's conglomerates are doing for capex push")
Conglomerates and their capex push: How much firms added since pandemic
Business Standard analyses what large business houses have added as net fixed assets since the pandemic
Q3 results preview: Strong tender activity to aid capital goods firms
YoY topline, bottomline growth likely in double-digits, but margin concerns remain, say analysts
 "Q3 results preview: Strong tender activity to aid capital goods firms")
Budget 2023-24: Govt may go easy on capital expenditure growth in FY24
Outlay for next year likely to be around Rs 9.5 trillion
Top headlines: Govt may go easy on capex in FY24, India-US trade dispute
Business Standard brings you the top headlines at this hour
 "Top headlines: Govt may go easy on capex in FY24, India-US trade dispute")
Gross budgetary allocation for Railways to go up by 29% in Budget: Report
The total capital expenditure (capex) of the railway ministry is expected to jump 20 per cent to Rs 3 trillion in FY24
 "Gross budgetary allocation for Railways to go up by 29% in Budget: Report")
Business Standard CEOs poll: Capex tops India Inc's 2023 to-do list
Firms plan to go on a hiring spree; flag rising rates, weak demand as major concerns
 "Business Standard CEOs poll: Capex tops India Inc's 2023 to-do list")
At over Rs 6 trillion, capex on new projects sees 44% jump in Q3
The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates
Top Headlines: Upturn in capex cycle, formal job creation falls, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Upturn in capex cycle, formal job creation falls, and more")