India application software spending to reach $4.7 bn in 2022

Mumbai (IANS) End-user spending on enterprise application software in India is likely to total $4.7 billion in 2022, an increase of 14.8 per cent from 2021, a Gartner report said on Wednesday.

However, the growth in software spending will be…

RBI lifts business curbs imposed on American Express Banking Corp

Mumbai (IANS) The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release.

"With…

Adani media arm to indirectly acquire 29.18% stake in NDTV, launch open offer

Ahmedabad (IANS) Adani media arm AMG Media Networks Ltd's (AMNL) wholly-owned subsidiary VCPL, which holds warrants of NDTV's promoter group company RRPR Holding Private Ltd (RRPR), entitling it to convert them into 99.99 per cent stake in…

No service charge on UPI, clarifies Centre

New Delhi (IANS) The Union Finance Ministry has clarified that no service charge would be levied on UPI transactions.

"UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration…

`India on the verge of capex recovery'

Chennai (IANS) India is on the verge of a new capital expenditure cycle recovery with the central government spending big on infrastructure, said Prabhudas Lilladhar, a financial services player.

In its latest report, Prabhudas Lilladher said…

PFC raises Rs 3,000 cr via 47-month bonds at 7.13%

Mumbai (IANS) Power Finance Corporation Ltd raised Rs 3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13 per cent, market participants have said.

The company had planned to raise Rs 3,000 crore, which included Rs 2,500…

After nearly 15 yrs, Assam oil field resumes operations

Guwahati (IANS) After almost 15 years, state-owned Oil India Limited's (OIL) Khagorijan oil field in eastern Assam's Dibrugarh started operation on Saturday.

Assam Chief Minister Himanta Biswa Sarma attended the ceremonial function…

Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders

New Delhi (IANS) One97 Communications Limited (OCL) that owns the brand Paytm, India's leading digital payments and financial services company and the pioneer of QR and mobile payments, recently held its 22nd Annual General Meeting, the first…

Air India launches additional flights to connect key metros

New Delhi (IANS) Aiming to boost connectivity between key metro cities, Air India will start 24 additional domestic flights from Saturday onwards.

Most of these flights will be deployed on the routes of metro cities including Mumbai, Delhi,…

All-India Consumer Price Index for agricultural, rural labourers rose in July

New Delhi (IANS) Rise in the prices of household and kitchen items, including rice, wheat, bajra, pulses, milk, fish, onion and other items led to increase in the All-India Consumer Price Index for agricultural and rural labourers in the month of…