Infrastructure Spending
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India to Cap Investment in EV Charging for Tariff Relief as Tesla Entry Looms, Document Shows
India's EV policy will restrict them from using funds spent on charging infrastructure for such relief. But the policy will mandate that automakers can count only five percent of their total EV investment as coming from creation of charging infrastructure, even if they spend much more on the power network, according to government document.
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Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
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OpenAI Partners Nvidia, Microsoft, SoftBank and Others for New 'Stargate Project' to Build AI Infrastructure
OpenAI announced the formation of a new company dubbed The Stargate Project on Tuesday. The new venture of the firm will focus on building artificial intelligence (AI) infrastructure in the US. The company announced that it will spend a total of $500 billion (roughly Rs. 43 lakh crore) to build the capacity.
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All About Sean Duffy, Donald Trump's 2nd Cabinet Pick From Fox News
Donald Trump has nominated Fox Business host Sean Duffy to be the next Transportation Secretary. The former congressman will replace Pete Buttigieg in January to oversee a huge federal portfolio of infrastructure spending and transit regulations.
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Trump Picks Sean Duffy, Former Congressman, As Transportation Secretary
Donald Trump on Monday nominated former congressman Sean Duffy to be transportation secretary and oversee a huge federal portfolio of infrastructure spending and transit regulations.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Government Approves $1.3 Billion Incentive Scheme for Electric Vehicles
India has approved a scheme to spend Rs. 109 billion ($1.3 billion) on incentives for the adoption of electric vehicles. Adoption of EVs is still low in India, but is on the rise as the government promotes clean energy, offering companies incentives to build vehicles and parts in the country.
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"Diluted, Undermined": Shashi Tharoor vs Jay Panda On Jobs Plan In Budget
Job creation as the focus of this year's budget and the Centre's much publicised spends on infrastructure became the two key issues over which Congress's Shashi Tharoor and the BJP's Jay Panda butted heads this evening.
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PM Modi Likely To Focus On Infrastructure, Avoid Big Spend In Budget: Analysts
Prime Minister Narendra Modi is expected to buck a trend of spending big on new welfare programmes in a budget before a general election to instead focus on infrastructure to keep the economy humming while narrowing the budget gap.
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India To Spend Rs 143 Lakh Crore On Infrastructure Till 2030: Report
India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today.
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Top 5 Logistics Companies In India By Growth
The Indian government's large-scale infrastructure spends directly impact the logistics sector. Watch out for these high growth logistics stocks that are primary beneficiaries.
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Sales Of Commercial Vehicles To Grow 9-11% In FY24: Report
An increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand for commercial vehicles, rating agency CRISIL said today.
-
Union Budget 2023: "Good Governance Key To Nation's Progress": Full Speech By N Sitharaman
Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last Budget before the 2024 national election.
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Budget 2023: Huge Income Tax Relief, Infra And Jobs Push Ahead Of 2024: 10 Points
Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last full Budget before the 2024 national election.
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Infrastructure Spending Can Curb Supply-Side Inflation: RBI Official
An Indian central bank official said on Thursday that a focus on spending on infrastructure would help the country contain long-term, supply-side inflation.
-
India to Cap Investment in EV Charging for Tariff Relief as Tesla Entry Looms, Document Shows
India's EV policy will restrict them from using funds spent on charging infrastructure for such relief. But the policy will mandate that automakers can count only five percent of their total EV investment as coming from creation of charging infrastructure, even if they spend much more on the power network, according to government document.
-
Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
-
OpenAI Partners Nvidia, Microsoft, SoftBank and Others for New 'Stargate Project' to Build AI Infrastructure
OpenAI announced the formation of a new company dubbed The Stargate Project on Tuesday. The new venture of the firm will focus on building artificial intelligence (AI) infrastructure in the US. The company announced that it will spend a total of $500 billion (roughly Rs. 43 lakh crore) to build the capacity.
-
All About Sean Duffy, Donald Trump's 2nd Cabinet Pick From Fox News
Donald Trump has nominated Fox Business host Sean Duffy to be the next Transportation Secretary. The former congressman will replace Pete Buttigieg in January to oversee a huge federal portfolio of infrastructure spending and transit regulations.
-
Trump Picks Sean Duffy, Former Congressman, As Transportation Secretary
Donald Trump on Monday nominated former congressman Sean Duffy to be transportation secretary and oversee a huge federal portfolio of infrastructure spending and transit regulations.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Government Approves $1.3 Billion Incentive Scheme for Electric Vehicles
India has approved a scheme to spend Rs. 109 billion ($1.3 billion) on incentives for the adoption of electric vehicles. Adoption of EVs is still low in India, but is on the rise as the government promotes clean energy, offering companies incentives to build vehicles and parts in the country.
-
"Diluted, Undermined": Shashi Tharoor vs Jay Panda On Jobs Plan In Budget
Job creation as the focus of this year's budget and the Centre's much publicised spends on infrastructure became the two key issues over which Congress's Shashi Tharoor and the BJP's Jay Panda butted heads this evening.
-
PM Modi Likely To Focus On Infrastructure, Avoid Big Spend In Budget: Analysts
Prime Minister Narendra Modi is expected to buck a trend of spending big on new welfare programmes in a budget before a general election to instead focus on infrastructure to keep the economy humming while narrowing the budget gap.
-
India To Spend Rs 143 Lakh Crore On Infrastructure Till 2030: Report
India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today.
-
Top 5 Logistics Companies In India By Growth
The Indian government's large-scale infrastructure spends directly impact the logistics sector. Watch out for these high growth logistics stocks that are primary beneficiaries.
-
Sales Of Commercial Vehicles To Grow 9-11% In FY24: Report
An increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand for commercial vehicles, rating agency CRISIL said today.
-
Union Budget 2023: "Good Governance Key To Nation's Progress": Full Speech By N Sitharaman
Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last Budget before the 2024 national election.
-
Budget 2023: Huge Income Tax Relief, Infra And Jobs Push Ahead Of 2024: 10 Points
Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last full Budget before the 2024 national election.
-
Infrastructure Spending Can Curb Supply-Side Inflation: RBI Official
An Indian central bank official said on Thursday that a focus on spending on infrastructure would help the country contain long-term, supply-side inflation.
