MUMBAI : With the Union Budget expected in the second half of July, mutual fund executives are hoping for measures in four key areas that can boost their sector and invigorate the economy. Debt taxation From 1 April 2023, debt mutual funds have not got the benefit of indexation on long-term capital gains. Such gains … Read more
The comparison with the famously capex-happy energy industry is apt not just because of the sums involved. AI needs vast amounts of processing power. And that processing power needs vast amounts of electricity. On May 2nd Bob Blue, chief executive of Dominion Energy, one of America’s biggest utilities, said that data-centre developers now regularly ask … Read more
A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its earnings per share, so a … Read more
New Delhi: The budgetary allocation for the Indian Railways is expected to hit record levels as the government gears up to support a major makeover for the national transporter with the addition of modern and faster trains, and improved safety features. Capital expenditure for the railways is likely to be increased by about 25% of … Read more
In its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years, thereby becoming a cornerstone for … Read more