Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated.
This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure.
Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
Finnish stainless steel maker Outokumpu beat fourth-quarter earnings expectations on Thursday and said it expected the recovery in its European business to continue after a slowdown bottomed out.
Discover how non-metro cities and towns are leading the race in white-collar job growth compared to metros. Explore the sectors driving this growth and the companies hiring beyond metros.
Industrialists who participated in the celebrations to mark 20 years of Vibrant Gujarat summit in Ahmedabad on Wednesday hailed Prime Minister Narendra Modi for his “farsightedness” and his emergence as a “global consensus builder”. Appreciating the recent G20 New Delhi summit, Lakshmi Mittal, executive chairman of ArcelorMittal, said: “Today, India is referred to as the […]