Capital Expenditure
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Microsoft Says Delta Airlines' Lack of Modernised IT Delayed its Recovery After Recent Outage
Microsoft has said that Delta, unlike its competitors, apparently had not modernised its IT infrastructure that caused the airlines to struggle with recovery. Delta, however, said it has invested billions of dollars in IT capital expenditures since 2016.
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Microsoft's Xbox Unit Logs 61 Percent Growth, Fuelled by Purchase of Activision-Blizzard
Microsoft has managed to see a substantial growth in its Xbox unit, while having logged losses in Azure, which has been the software firm's main growth engine in recent years. In the fourth quarter, which ended June 30, capital expenditures for Microsoft jumped to $19 billion (roughly Rs. 1,59,091 crore) from $14 billion (roughly Rs. 1,17,225 cror...
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Nirmala Sitharaman On Government's Biggest Step To Increase Consumption
Finance Minister Nirmala Sitharaman said that capital expenditure or CapEx is "one assured way through which consumption can be increased.
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Budget Could Bring In More Standardised Approach To Taxation: Report
The full budget for 2024-25, to be presented in Parliament on Tuesday, could possibly increase capital expenditure and may usher in a more standardised approach to taxation, Moody's Analytics said.
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Adani Group Has Rs 60,000-Crore Plan To Expand 7 Airports: Karan Adani
The Adani Group has plans to expand seven airports in the country over the next five 5-10 years with a capital expenditure of Rs 60,000 crore.
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"Takes Time To Trickle Down": Nirmala Sitharaman Answers Capex Questions
The government will treat capital expenditure in a more exhaustive way in the Union Budget in July, Finance Minister Nirmala Sitharaman told NDTV today in her first post-interim Budget interview with private media.
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"Sweet Spot, Many Job Opportunities": PM's Shout-Out For Interim Budget
Praising his government's last Budget ahead of the Lok Sabha elections, Prime Minister Narendra Modi has said the capital expenditure will touch a record high of Rs 11,11,111 crore while keeping the fiscal deficit in check, achieving a "sweet spot".
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Tesla To Top $9 Billion Spending Target In 2023 As It Rolls Out New Models
Tesla said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.
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59% Budget Used In First Half Of This Fiscal Year: Rail Minister's Audit
The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.
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Canadian Space Tech Firm MDA Gets Deal to Build 198 Satellites for Telesat
Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program. The deal announced on Friday sparked a more than 45 percent surge in both Telesat's Canadian and US shares, putting them on track for their best day ever. MDA, meanwhile, rose about 2...
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Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
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PM Modi Urges India Inc To Step Up Investment
Prime Minister Narendra Modi on Tuesday urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Budget 2023-24.
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TSMC to Recruit More Than 6,000 New Staff in 2023 Despite Global Downturn in Chip Sector
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday. The company will seek young engineers with associates, bachelor's, masters's or doctorate degrees in electrical engineering or software-related fields, in cities all ...
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PM Modi Asks Investors To Explore Opportunities In Energy Sector
Narendra Modi in his inaugural address at the India Energy Week 2023 said the Budget (for 2023-34) has provided Rs 10 lakh crore for capital expenditure, which will give a boost to green hydrogen, solar power and road sectors.
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Budget: Capital Expenditure Increased By 33% To Rs 10 Lakh Crores
The central government will spend Rs 10 lakh crore on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis.
-
Microsoft Says Delta Airlines' Lack of Modernised IT Delayed its Recovery After Recent Outage
Microsoft has said that Delta, unlike its competitors, apparently had not modernised its IT infrastructure that caused the airlines to struggle with recovery. Delta, however, said it has invested billions of dollars in IT capital expenditures since 2016.
-
Microsoft's Xbox Unit Logs 61 Percent Growth, Fuelled by Purchase of Activision-Blizzard
Microsoft has managed to see a substantial growth in its Xbox unit, while having logged losses in Azure, which has been the software firm's main growth engine in recent years. In the fourth quarter, which ended June 30, capital expenditures for Microsoft jumped to $19 billion (roughly Rs. 1,59,091 crore) from $14 billion (roughly Rs. 1,17,225 cror...
-
Nirmala Sitharaman On Government's Biggest Step To Increase Consumption
Finance Minister Nirmala Sitharaman said that capital expenditure or CapEx is "one assured way through which consumption can be increased.
-
Budget Could Bring In More Standardised Approach To Taxation: Report
The full budget for 2024-25, to be presented in Parliament on Tuesday, could possibly increase capital expenditure and may usher in a more standardised approach to taxation, Moody's Analytics said.
-
Adani Group Has Rs 60,000-Crore Plan To Expand 7 Airports: Karan Adani
The Adani Group has plans to expand seven airports in the country over the next five 5-10 years with a capital expenditure of Rs 60,000 crore.
-
"Takes Time To Trickle Down": Nirmala Sitharaman Answers Capex Questions
The government will treat capital expenditure in a more exhaustive way in the Union Budget in July, Finance Minister Nirmala Sitharaman told NDTV today in her first post-interim Budget interview with private media.
-
"Sweet Spot, Many Job Opportunities": PM's Shout-Out For Interim Budget
Praising his government's last Budget ahead of the Lok Sabha elections, Prime Minister Narendra Modi has said the capital expenditure will touch a record high of Rs 11,11,111 crore while keeping the fiscal deficit in check, achieving a "sweet spot".
-
Tesla To Top $9 Billion Spending Target In 2023 As It Rolls Out New Models
Tesla said on Monday its capital expenditure for 2023 would exceed the $7 billion to $9 billion target it had laid out earlier this year, as the electric vehicle maker ramps up output at its factories and gears up to roll out new models.
-
59% Budget Used In First Half Of This Fiscal Year: Rail Minister's Audit
The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday.
-
Canadian Space Tech Firm MDA Gets Deal to Build 198 Satellites for Telesat
Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program. The deal announced on Friday sparked a more than 45 percent surge in both Telesat's Canadian and US shares, putting them on track for their best day ever. MDA, meanwhile, rose about 2...
-
Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
-
PM Modi Urges India Inc To Step Up Investment
Prime Minister Narendra Modi on Tuesday urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Budget 2023-24.
-
TSMC to Recruit More Than 6,000 New Staff in 2023 Despite Global Downturn in Chip Sector
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday. The company will seek young engineers with associates, bachelor's, masters's or doctorate degrees in electrical engineering or software-related fields, in cities all ...
-
PM Modi Asks Investors To Explore Opportunities In Energy Sector
Narendra Modi in his inaugural address at the India Energy Week 2023 said the Budget (for 2023-34) has provided Rs 10 lakh crore for capital expenditure, which will give a boost to green hydrogen, solar power and road sectors.
-
Budget: Capital Expenditure Increased By 33% To Rs 10 Lakh Crores
The central government will spend Rs 10 lakh crore on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis.
