capital spending

Traders shy away from Modi-linked stocks in shift to defensives

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Traders shy away from Modi-linked stocks in shift to defensives

Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors. An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term … Read more

Finance minister Nirmala Sitharaman asks ministries to set quarterly capex targets

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Finance minister Nirmala Sitharaman asks ministries to set quarterly capex targets

New Delhi: Finance minister Nirmala Sitharaman called on various ministries and departments to expedite capital spending and set quarterly targets. On Tuesday, Sitharaman chaired the first of a series of meetings lined up to review the productive spending, and the resultant asset creation, across infrastructure and other ministries. She held meetings with the ministries of … Read more