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FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion
In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more
For the first time India’s auto component exports exceed imports
The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA).Read more
“Industry 4.0 is inevitableâ€Â
One of the major concerns in the industry today is to convince people to adapt energy efficient technology. According to Palaniswamy PL, Director, Sales, Marketing & Services, Danfoss Drives, India is a very value-for-money concept country.Read more
Indian firms to spend Rs 1 trillion on maintenance capex
Corporates are likely to show an unwillingness to invest in long-term projects due to muted demand and significant leverage, despite a low interest rate environment, says Priyanka Poddar.Read more