Indian markets likely to react negatively after US stock markets down on interest rate warning

New Delhi (IANS) Indian markets are also likely to react negatively on Monday to statements by the US Federal Reserve after US markets fell more than 3 per cent.

Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services said:…

Indices end higher; Sensex closes over 58,800

Mumbai (IANS) Benchmark indices ended higher for the straight second day, with Sensex rising marginally up with 59 points and Nifty up 36 points.

At close, Sensex ended up 59.15 points or 0.10 per cent at 58,833.87, and Nifty ended 36.45 points…

Kharif crop sown area down by 2.5%: Report

Chennai (IANS) The overall sown area of Kharif crops in the week ended August 18 has declined by 2.5 per cent as compared to last year, according to a Bank of Baroda report.

"Overall sown area of Kharif crops continues to lag and has declined…

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…