Most analysts and experts are predicting the government would go heavy on infrastructure in the upcoming Budget to drive the overall growth of the economy. “We believe the government might prefer to increase spending on infrastructure which could have a multiplier effect on the economy,” Umang Papneja, CEO, Julius Baer India, told ET Markets. Money … Read more
Against this backdrop, key themes such as infra, BFSI, FMCG, and metals will be in focus in the run-up to the Budget and thereafter. The brokerage expects the overall capital expenditure for the infra segment in the Budget to increase by 20% year-on-year (YoY). The focus will be on the development activities such as roads … Read more
As India recorded a rise in Covid-19 cases, share prices of multiplex operators tanked big time on Monday, as investors saw their outlook deteriorating once again. India logged 4,518 new coronavirus infections on Sunday, which is more than double of what it recorded a couple of weeks back. An increase of 1,730 cases in the … Read more
NEW DELHI: Siemens on Friday said it is selling its Large Drives Applications (LDA) business to one of the subsidiary of the promoter at a cash consideration of Rs 440 crore. The business contributes 3.33 per cent of the company’s revenue. Siemens AG, promoter of the company, intends to purchase the LDA Business of Siemens, … Read more