Tata group firms line up Rs 65,000 cr capex this fiscal

49Various firms of diversified Tata group have lined up capital expenditure of a total of over Rs 65,000 crore for the ongoing fiscal. The majority of the investments will be by the group’s top companues, Tata Steel, Tata Steel would have a capex of nearly Rs 16,500 crore in FY15, Tata Motors has earmarked around rs 38,500 crore, out of which Rs 3,500 crore will be for its British arm JLR and Rs 3,500 crore for its operations in india. The group’s information technology major TCS has also outlined a capex of Rs 4,000 crore for this fiscal.

India Inc to spend Rs 22,000 cr on CSR

48FIndia Inc will be investing around Rs 22,000 crore toward corporate social responsibility activities once the provisions of the recenly amended Companies Act making it mandatory for such allocationt get implemented, says consultancy firm Ernst and Young.

Given the mandate it is estimate theat nearly 16,500 companies will invest Rs 22,000 crore towards corportae social responsibility, vijay ganapathy form E&Y india’s advisory services said speaking at a seminar on CSR.