Friday, October 16
Government-owned Maharatna' Public Sector company, Power Grid Corporation of India Ltd (POWERGRID) on Wednesday said that the company's estimated capex outlay will reach Rs 3,06,600 crore by 2032.The capex outlay refers to the total amount of funds a company spends on projects or investments over a specific period. It also includes all expenses or expenditures related to operations, capital investments, or other financial commitments made by the company.In its investor presentation, filed with the stock exchanges, the energy sector PSU said that its expected transmission business outlay by 2032 will be Rs 2,99,100 crore, while other businesses' outlay will be around Rs 7,500 crores.Presenting the works currently undertaken by the PSU is Rs 1,54,680 crore of work in hand, out of which Rs 1,
The Employees' Provident Fund Organisation (EPFO) has added 14.58 lakh new members in March. The year-on-year analysis reveals an increase of 1.15 per cent in net payroll additions compared to March 2024.The Ministry of Labour and Employment said in a statement Wednesday that this year-on-year increase in enrolments signify increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives.EPFO enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February 2025 and 0.98 per cent year-over-year growth compared to the previous year in March 2024. The ministry said that this growth in new subscribers can be attributed to growing employment opportunities, increased awareness of emplo
One person you wouldn't expect to hear tout a statistical fallacy is Warren Buffett, but the legendary investor appeared to do just that at the recent Berkshire Hathaway annual meeting, a reminder of just how easy it is to fall into statistical traps. While speaking at the annual meeting - otherwise known as "Woodstock for Capitalists" - in early May, Buffett made the following rather odd comment while holding up a can of sugar-laden soda: "For 94 years I've been able to drink whatever I want to drink. They predict all kinds of terrible things for me, but it hasn't happened yet ... Charlie (Munger) and I never really exercised that much or did anything - we were carefully preserving ourselves for these years." Buffett has a deep knowledge of the insurance business. So we can be confident t
