December 2, 2023
The country’s largest multiplex operator PVR Inox will open 150 screens in the next fiscal with an investment of about Rs 500 crore, a top company official has said. The company, which opened a six-screen luxury cinema at Maison Inox here on Thursday, already runs 118 screens across 23 properties in the megapolis. Overall, including
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Growth continues. Figure 1: Nonresidential manufacturing structures investment (tan bars), and all other nonresidential structures investment (blue bars), all in bn.Ch.2017$ SAAR. NBER defined peak-to-trough recession dates shaded gray. Source: BEA, Table 5.3.6, 2nd release for 2023Q3, NBER, and author’s calculations. For discussion of the contribution of the manufacturing structures boom to GDP, see this
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Stay informed with free updates Simply sign up to the World myFT Digest — delivered directly to your inbox. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Barclays is exploring a plan to
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Climate Energy Finance Director Tim Buckley says the announcing of the Capacity Investment Scheme is a “very significant move” by Climate Change and Energy Minister Chris Bowen as it “doubles” on grid capacity of renewables. The government is hoping to have 82 per cent of Australia’s electricity generation come from renewables by 2030, along with
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak will on Monday highlight nearly £30bn of long-term investment pledges by international companies at a major business event intended to showcase Britain’s appeal to global investors. More than 200 executives are set to
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LONDON: Japanese auto giant Nissan will commit on Friday to building electric models of two best-selling cars in Sunderland, northeastern England, in an investment of more than £1.0 billion, the Financial Times reported. The business daily, citing people briefed on the plans, said that Nissan’s decision to produce electric versions of its Qashqai and Juke
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Nissan will pump $1.4 billion (1.12 billion pounds) into building electric versions of two of its cars at its British plant, in a boost for the country’s auto industry and a prime minister desperate to attract foreign investment. Friday’s announcement fires the starting gun on Rishi Sunak’s Global Investment Summit next week, when he will
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PHILIPPINE Economic Zone Authority (PEZA) investment approvals have continued to recover with pledges between January and November 2023 surging 147 percent to P140.88 billion from P57.05 billion a year earlier, the agency’s chief said on Wednesday evening. The investment pledges have also surpassed full-year approvals in 2022, PEZA Director General Tereso Panga said, adding that
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK must adopt the strategic state-backed approach of the US and European governments in wooing foreign investors, according to a plan accepted by chancellor Jeremy Hunt in his Autumn Statement on Wednesday. Tory peer
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BERLIN: The African Union on Monday defended past investments from China that have drawn criticism for saddling poor countries with huge debts while calling for “positive competition” from Europe. AU chairman Azali Assoumani was addressing a meeting in Berlin of a G20 initiative aimed at mobilizing more private, sustainable investments in African countries. China has
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