capital expenditure

Coal India to invest Rs.40,000 crore in 12th Plan


September 12th, 2012 - 9:53 pm ICT by IANS
New Delhi, Sep 12 (IANS) State miner Coal India Ltd (CIL) said Wednesday the company was committed to investing Rs.40,000 crore in the 12th Plan period (2012-17)."Capital investment plan for ... Read more...

Posted in Business |

Australian capital expenditure goes up


August 30th, 2012 - 1:32 pm ICT by IANS
Sydney, Aug 30 (IANS) The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said ... Read more...

Posted in Business |

Policy reform, cuts in government spending required: RBI


August 23rd, 2012 - 9:36 pm ICT by IANS
Mumbai, August 23 (IANS) The Reserve Bank of India said Thursday that lower interest rates alone would not help put the economy on the growth track, and the government needs ... Read more...

Posted in Business |

Cairn India and PetroSA deal on oil exploration in South Africa


August 16th, 2012 - 10:17 pm ICT by IANS
New Delhi, Aug 16 (IANS) Oil and gas producer Cairn India Thursday signed a farm-in agreement with PetroSA, South Africa's national oil company, for crude oil and natural gas exploration ... Read more...

Posted in Business |

Chennai Petroleum plans capex of Rs.760 crore this fiscal


August 14th, 2012 - 10:28 pm ICT by IANS
Chennai, Aug 14 (IANS) Oil refining company Chennai Petroleum Corporation Ltd (CPCL) plans a capital expenditure of Rs.760 crore this fiscal on various projects, said a top company official.Speaking to ... Read more...

Posted in Business |

BGR Energy cuts capex for JVs with Hitachi


August 9th, 2012 - 5:56 pm ICT by IANS
Chennai, Aug 9 (IANS) City-based BGR Energy Systems has scaled down capital expenditure for its boiler and turbine joint ventures with Hitachi by Rs.900 crore to Rs.3,500 crore to reschedule ... Read more...

Posted in Business |

Emami to make Rs.1.25 billion capital expenditure


August 8th, 2012 - 11:13 pm ICT by IANS
Kolkata, Aug 8 (IANS) Personal and healthcare products major Emami Ltd. would invest up to Rs.1.25 billion in projects in the country and abroad in the current financial year, a ... Read more...

Posted in Business |

Indian firms to cut capital expenditure by 14 percent


July 25th, 2012 - 5:39 pm ICT by IANS
Mumbai, July 25 (IANS) Indian companies are likely to reduce capital expenditure by 14 percent in the current financial year due to "policy logjam" and slow economic growth, a survey ... Read more...

Posted in Business |

Exide Q1 net profit slips 7 percent (Lead, superseding earlier story)


July 16th, 2012 - 10:52 pm ICT by IANS
Kolkata, July 16 (IANS) Leading storage battery producers Exide Industries Monday reported a 6.87 percent slide in its net profit for the quarter ended June 30, 2012. The company's net ... Read more...

Posted in Business |

Exide Q1 net profit slips 7 percent


July 16th, 2012 - 10:19 pm ICT by IANS
Kolkata, July 16 (IANS) Leading storage battery producers Exide Industries Monday reported a 6.87 percent slide in its net profit for the quarter ended June 30, 2012. The company's net ... Read more...

Posted in Business |

Cabinet approves special incentives for electronics sector


July 12th, 2012 - 4:09 pm ICT by IANS
New Delhi, July 12 (IANS) The union cabinet Thursday approved a special incentive package to promote large-scale manufacturing in the electronic system design and manufacturing (ESDM) sector.The scheme, called the ... Read more...

Posted in Business |

Tripura to have IIIT in Bodhjungnagar


July 3rd, 2012 - 5:11 pm ICT by IANS
Agartala, July 3 (IANS) Tripura will set up an Indian Institute of Information Technology (IIIT) in Bodhjungnagar, one of northeastern region's biggest industrial zones, a state official said Tuesday."State-owned ... Read more...

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RBI announces steps to revive rupee


June 25th, 2012 - 4:16 pm ICT by IANS
Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) Monday announced a series of measures, including raising limits for external commercial borrowings and government securities, that would help revive ... Read more...

Posted in Business |

Windmill makers in Tamil Nadu accused of opaque pricing


June 15th, 2012 - 12:44 pm ICT by IANS
Chennai, June 15 (IANS) The Tamil Nadu Spinning Mills Association (TASMA) has decided to approach the Competition Commission of India if windmill makers failed to provide the capital expenditure break-up ... Read more...

Posted in Business |

Infosys braces to face twin challenges of clients


June 9th, 2012 - 7:50 pm ICT by IANS
Bangalore, June 9 (IANS) India's IT bellwether Infosys Ltd is bracing up to face the twin challenges of commoditisation and scalability from its global clients under its new management."With demand ... Read more...

Posted in Uncategorized |

Tata Motors scrip down on concerns over JLR


May 30th, 2012 - 5:11 pm ICT by IANS
Mumbai, May 30 (IANS) The scrip of automobile giant Tata Motors slid Wednesday as concern grew over the company's plans to expand capital expenditure on its Jaguar Land Rover (JLR) ... Read more...

Posted in Business |

Airtel revenue rises in Africa


May 2nd, 2012 - 8:04 pm ICT by IANS
New Delhi, May 2 (IANS) India's Bharti Airtel Wednesday reported a 16 percent growth in revenue in its Africa operations at $1.2 billion during the quarter ended March 31 over ... Read more...

Posted in Business |

BSNL borrowed Rs.1,320.47 crore for capital expenditure


April 25th, 2012 - 11:44 pm ICT by IANS
New Delhi, April 25 (IANS) State-run Bharat Sanchar Nigam Ltd (BSNL) borrowed Rs.1,320.47 crore ($25 million) from the market for capital expenditure in 2010-11, Minister of State for Communications and ... Read more...

Posted in Sci-Tech |

Air India’s turnaround plan approved (Roundup)


April 12th, 2012 - 9:27 pm ICT by IANS
New Delhi, April 12 (IANS) Beleaguered flag carrier Air India has got a new lease of life as the government Thursday approved plans for a turnaround in its fortunes ... Read more...

Posted in Business |

India’s defence budget: absence of strategic vision (Comment)


March 20th, 2012 - 12:44 pm ICT by IANS
The Indian defence expenditure for the financial year 2012-13 has been budgeted at a fairly high figure of Rs.193,407 crore (budgeted expenditure, or BE) which converts to $38.5 billion and is ... Read more...

Posted in Business |

Tax on alcohol, tobacco products hiked in Meghalaya budget


March 19th, 2012 - 5:53 pm ICT by IANS
Shillong, March 19 (IANS) Meghalaya Chief Minister Mukul Sangma Monday presented a Rs.382 crore deficit budget for the 2012-13 financial year.Sangma, who holds the finance portfolio, levied fresh taxes on ... Read more...

Posted in Business |

India hikes defence spending by 13 percent (Second Lead)


March 16th, 2012 - 6:03 pm ICT by IANS
New Delhi, March 16 (IANS) India Friday raised its military spending to Rs.1,93,407 crore ($38.6 billion/Rs.1.93 trillion), a 13 percent increase, to further push the fast-paced modernisation of its ... Read more...

Posted in Business |

17 percent hike in India’s defence spending (Lead)


March 16th, 2012 - 4:08 pm ICT by IANS
New Delhi, March 16 (IANS) To give a further push to its rapid military modernization, India Friday hiked its military spending by over 17 percent to Rs.1,93,407 crore (over ... Read more...

Posted in Business |

China Mobile profits go up


March 16th, 2012 - 1:13 pm ICT by IANS
Beijing, March 16 (IANS) Chinese telecommunications giant China Mobile said its net profits hit 125.9 billion yuan ($19.92 billion) in 2011, an increase of 5.2 percent year-on-year.Operating revenues grew 8.8 ... Read more...

Posted in Business |

Bosch India net up 31 percent in 2011


February 28th, 2012 - 8:14 pm ICT by IANS
Bangalore, Feb 28 (IANS) Bosch Limited posted Rs.1,123 crore (Rs.11.23 billion) net profit for calendar year 2011, registering 31-percent increase year-on-year, the Indian subsidiary of the German automotive component major ... Read more...

Posted in Business |

Coal India sets production target of 464 mn tonnes (Lead)


February 17th, 2012 - 10:05 pm ICT by IANS
Kolkata, Feb 17 (IANS) State-run Coal India Limited (CIL) has set a production target of 464 million tonnes in the next fiscal year and it will make a capital expenditure ... Read more...

Posted in Business |

Coal India sets a production target of 464 mn.tonnes


February 17th, 2012 - 6:50 pm ICT by IANS
Kolkata, Feb 17 (IANS) State run Coal India Limited has set a production target of 464 million tonnes in the next fiscal year and it will make an capital expenditure ... Read more...

Posted in Business |

Reliance raises $1 billion through overseas bond issue


February 10th, 2012 - 6:56 pm ICT by IANS
Mumbai, Feb 10 (IANS) Mukesh Ambani-led Reliance Industries Friday said its subsidiary, Reliance Holding USA, has issued bonds worth $1 billion to be used as capital expenditure."We are delighted to ... Read more...

Posted in Business |

Indian Oil raises Rs.1,400 crore through bond issue


December 16th, 2011 - 6:42 pm ICT by IANS
New Delhi, Dec 16 (IANS) State-run Indian Oil Corporation (IOC) Friday said it has raised over Rs.1,400 crore from the bond markets to meet the capital requirements for its ongoing ... Read more...

Posted in Business |

Coast Guard to get more funds for 2012-27


December 9th, 2011 - 12:18 am ICT by IANS
New Delhi, Dec 8 (IANS) With the manifold increase in the Indian Coast Guard's (ICG) responsibility since the 2008 Mumbai terror attack, the government has decided to enhance its budgetary ... Read more...

Posted in Uncategorized |

Uproar in Rajya Sabha over FDI decision, house adjourned


November 25th, 2011 - 5:53 pm ICT by IANS
New Delhi, Nov 25 (IANS) The Rajya Sabha Friday witnessed noisy protests from the opposition over the government decision to allow foreign direct investment (FDI) in multi-brand retail ... Read more...

Posted in Politics |

RIL denies wrong-doing in production sharing contract (Lead)


September 8th, 2011 - 8:20 pm ICT by IANS
Mumbai, Sep 8 (IANS) Mukesh Ambani-led Reliance Industries (RIL) Thursday denied any wrong-doing in the production sharing contract with the government related to the Krishna Godavari basin and said it ... Read more...

Posted in Business |

Reliance Industries violated gas contract: Auditor


September 8th, 2011 - 5:09 pm ICT by IANS
New Delhi, Sep 8 (IANS) Mukesh Ambani-led Reliance Industries violated the agreement to share gas produced in the Krishna-Godavari basin and failed to part with the government's due share ... Read more...

Posted in Business |

SSTL reports quarterly loss of Rs.657.6 crore


September 7th, 2011 - 7:00 pm ICT by IANS
New Delhi, Sep 7 (IANS) Sistema Shyam TeleServices Limited (SSTL), operating its telecom services under the MTS brand in India, Wednesday reported a net loss of Rs.657.6 crore (over $140 ... Read more...

Posted in Business |

Jubilant FoodWorks Q1 net profit up 51.57 percent


August 11th, 2011 - 9:54 pm ICT by IANS
New Delhi, Aug 11 (IANS) Jubilant FoodWorks, the operator of Domino's pizza chain in India, Thursday reported an increase of 51.57 percent in its net profit for the first quarter ... Read more...

Posted in Business |

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