Government to adhere to FY16 fiscal deficit target: StanChart

Last Updated: Tuesday, September 8, 2015, 13:51

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

'India still far off from turnaround in corporate investment cycle'

Last Updated: Wednesday, August 19, 2015, 19:37

The country remains a 'long way off' from a complete turnaround in the corporate investment cycle despite various positive economic indicators, says a report.

Rio Tinto earnings sink on metals price plunge, deepens capex cuts

Last Updated: Thursday, August 6, 2015, 15:41

Global miner Rio Tinto on Thursday posted sharply lower first-half profits on sliding metal prices and pledged $1 billion in cost cuts this year.

RIL's return ratio to improve over medium term: Report

Last Updated: Monday, June 8, 2015, 19:29

As Reliance Industries nears completion of a significant capex cycle over next 12 months, return ratios are likely to improve in the medium term, driven by strong earnings accretion from core business and a rational strategy in telecom business, a brokerage said.

Power Grid plans to invest Rs 22,500 crore in FY16

Last Updated: Tuesday, June 2, 2015, 18:00

State-run transmission utility Power Grid Corporation (PGCIL) is planning to invest Rs 22,500 crore this fiscal to fuel its expansion plans.

RCom to invest up to Rs 2,000 cr this fiscal

Last Updated: Sunday, May 31, 2015, 12:11

RCom has already raised USD 300 million early this month for capital expenditure.

Government earmarks Rs 498 cr incentive under BPO scheme

Last Updated: Friday, May 29, 2015, 17:54

"The total scheme outlay is of Rs 498 crore. Out of this Rs 10 crore is earmarked for creating awareness and publicity," IT Secretary R S Sharma said.

Tata Steel trims capex by 25% to Rs 10,000-cr this fiscal

Last Updated: Thursday, May 21, 2015, 00:32

Tata Steel, which reported a massive Rs 5,674 crore loss in the March quarter due to non-cash write downs, Wednesday said it will spend Rs 10,000 crore in capex this fiscal as it hopes demand conditions to improve over the next few quarters.

Apollo Tyres plans to set up sales unit in Malaysia

Last Updated: Sunday, May 17, 2015, 15:39

Malaysian market presents great potential for all categories of tyres, including for passenger cars, commercial vehicles and the agricultural sector.

Idea Cellular plans Rs 5,500 cr capex in FY'16

Last Updated: Wednesday, May 13, 2015, 18:37

Aditya Birla group telecom major Idea Cellular was planning a capex of around Rs 5,500 crore in the current fiscal to strengthen its infrastructure.

NTPC to issue Re denominated Global INR Bonds worth USD 1 bn

Last Updated: Friday, May 8, 2015, 14:54

NTPC is planning to raise rupee denominated Global INR bonds to part finance its capital expenditure.

BPCL raises $500 mn to fund capital expenditure

Last Updated: Thursday, April 30, 2015, 17:32

State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.