By Ira Dugal and Siddhi Nayak MUMBAI (Reuters) – State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country’s largest lender said. The Indian… Continue reading We bet on private capex to grow corporate credit, says SBI chairman
Tag: capex
India’s improved monsoon performance, capex augur well: FinMin report
India’s improved monsoon performance, continued expansion in manufacturing, and vigorous capital expenditure spending by the public and private sectors augur well for macroeconomic stability and growth during FY24, the finance ministry said in a report. However, it cautioned that cross-border spillovers and adverse global developments can act anytime as a deterrent to achieving… Continue reading India’s improved monsoon performance, capex augur well: FinMin report
Eicher Motors Q1 net rises 50%, lines up Rs 1K cr capex for Royal Enfield
Eicher Motors, the parent company of Royal Enfield motorcycles, has reported a 50 per cent increase in its net profit for the first quarter of the current financial year, hitting a record Rs 918 crore. This is compared to Rs 611 crore during the same period in 2022-23, an increase driven by a rise… Continue reading Eicher Motors Q1 net rises 50%, lines up Rs 1K cr capex for Royal Enfield
Street positive on long-term capex plans of Power Grid Corporation
Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in… Continue reading Street positive on long-term capex plans of Power Grid Corporation
Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty
The Peerless Group on Monday announced ambitious plans to invest over Rs 1,000 crore in capital expenditure over the next three years, a major portion of which will be channelled into the development of hospital and real estate projects. In the financial year 2022-23, the Peerless Group reported a revenue of Rs 635… Continue reading Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty