Corporate India to double capex to nearly $850 billion over next five years: Report
Corporate India is set to double the capital expenditure to as much as $850 billion over the next five years, according to a report by S&P Global Ratings.
Corporate India is set to double the capital expenditure to as much as $850 billion over the next five years, according to a report by S&P Global Ratings.
India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.
Micron Technology on Thursday announced to set up a new $2.75 billion semiconductor assembly and test facility in Gujarat, a day after Prime Minister Narendra Modi met Sanjay Mehrotra, the Indian-American President and CEO of Micron, in Washington DC during his state visit to the US.
Pakistan Prime Minister Shehbaz Sharif on Tuesday witnessed the signing of the Memorandum of Understanding (MoU) between Pakistan and China for a 1200MW Chashma-5 (C-5) nuclear power project worth $3.48 billion, local media reported.
Top official sources said Islamabad would first seek financial assistance from the international community and then it might assess the damages separately or jointly with the donors to work out the exact figures, but first of all the government would focus on all-out relief efforts in order to rescue the victims.
As per the reports, 57 passenger trains were shut down and now only 85 trains are available for the various routes across the country
