News Archives for Business & Finance - 2025-10-10

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Business & Finance - 2025-10-10

Companies

TCS’s $7bn India data centre bet raises questions over returns, fit

BENGALURU: Tata Consultancy Services’ plan to invest up to $7 billion in a 1 gigawatt data centre unit in India has...

Published 10 Oct, 2025 10:58pm

Statistics

Pakistan car sales jump 67% YoY to 17,174 units in Sept 2025

KARACHI: Car sales in Pakistan jumped 67% year-on-year (YoY) to 17,174 units in September 2025, according to...

Published 10 Oct, 2025 10:46pm

Business & Finance

PC board recommends reference price for First Women Bank privatisation

The Privatisation Commission (PC) Board on Friday recommended a reference price for the privatisation of First Women...

Updated 10 Oct, 2025 07:39pm

Commodities

Gold price per tola sheds Rs4,578 in Pakistan

Silver rates hit an all-time high

Published 10 Oct, 2025 05:00pm

Companies

Prominent banker Sheikh Mukhtar Ahmad passes away

Prominent Pakistani banker and entrepreneur, Sheikh Mukhtar Ahmad, passed away on Friday. Allied Bank Limited (ABL)...

Published 10 Oct, 2025 03:05pm

Business & Finance

Aurangzeb aims to seal IMF staff-level agreement during Washington visit

Finance minister to attend t2025 IMF and World Bank Annual Meetings

Updated 10 Oct, 2025 07:48pm

Markets

Musk’s Tesla package pays him billions even if he misses ‘Mars-shot’ goals

LOS ANGELES: When Tesla’s board of directors offered Elon Musk the biggest executive pay package in corporate...

Published 10 Oct, 2025 11:53am

Forex

Australia, New Zealand dollars lose to greenback, but gain on yen

SYDNEY: The Australian and New Zealand dollars looked to be heading for a weekly loss on Friday as their US...

Published 10 Oct, 2025 11:34am

Energy

Saudi oil to China to fall to about 40 million barrels in November, sources say

SINGAPORE: Saudi Arabia’s crude oil exports to China are set to fall in November to about 40 million barrels as...

Published 10 Oct, 2025 11:30am

Stocks

Japan’s Nikkei falls on profit-booking, Fast Retailing shines on record profit

TOKYO: Japan’s Nikkei share average fell on Friday as investors booked profits ahead of a three-day weekend from the...

Published 10 Oct, 2025 11:28am

Stocks

China stocks come off 10-year high; HK extends losing streak on Sino-US tensions

Hong Kong’s benchmark Hang Seng Index was down 1.1%

Published 10 Oct, 2025 11:26am

Forex

Yuan flat as investors, cautious about economic headwinds, sit tight ahead of weekend

SHANGHAI: China’s yuan held largely steady against the US dollar on Friday, as investors adopted a cautious approach...

Published 10 Oct, 2025 11:24am

Mutual Funds

India bonds to trade in range ahead of debt auction

MUMBAI: Indian government bonds are expected to sway in a tight range in early deals on Friday, as traders brace for...

Published 10 Oct, 2025 11:22am

Markets

IMF visit to Kenya discussed reforms that could lead to a new programme

The International Monetary Fund said on Friday that a staff visit to Kenya took stock of the latest macroeconomic...

Published 10 Oct, 2025 11:11am

Technology

WeWork India slips 5% in debut trade amid valuation, governance concerns

Shares of WeWork India fell as much as 5.2% on Friday, valuing the flexible workspace operator at 82.32 billion...

Published 10 Oct, 2025 11:04am

Commodities

Palm rangebound ahead of key data, but set for weekly gain

KUALA LUMPUR: Malaysian palm oil futures were rangebound on Friday, but remained set for a second straight weekly...

Published 10 Oct, 2025 11:00am

Exchange

Rupee inches up against US dollar

Currency settles at 281.17 against greenback

Updated 10 Oct, 2025 07:56pm

Exchange

KSE-100 sheds over 1,400 points amid late profit-taking

The benchmark index lost over 2,000 points during the opening minutes of trading

Updated 10 Oct, 2025 10:13pm

Forex

RBI’s 88.80 line remains in play with dollar scaling two-month high

MUMBAI: The Indian rupee is expected to stay pinned near its all-time low on Friday, with the Reserve Bank of...

Published 10 Oct, 2025 08:05am

Forex

Yen heads for sharpest weekly fall in a year as rate hike wagers recede

SINGAPORE: The yen was set for its steepest weekly drop in a year on Friday, as investors fretted about...

Published 10 Oct, 2025 08:03am

Money & Banking

Indian rupee hovers near record low

MUMBAI: The Indian rupee lingered near its all-time low on Thursday as likely intervention by the Reserve Bank of...

Published 10 Oct, 2025 07:56am

Stocks

India stock benchmarks set to open higher on strong TCS earnings, renewed FPI inflows

Gift Nifty futures were trading at 25,245 points

Published 10 Oct, 2025 07:54am

Industry

Pakistan successfully concludes participation in trade fair

KARACHI: Pakistan recently concluded a highly successful participation at ANUGA 2025, the world’s leading trade...

Published 10 Oct, 2025 07:53am

Stocks

Asian stocks choppy as commodities catch breath after rally, yen in focus

Shares in Hong Kong were down the most, off 1.1%

Published 10 Oct, 2025 07:51am

Energy

Oil prices fall as risk premium fades after Gaza deal

Brent crude futures were down 7 cents at $65.15 a barrel

Updated 10 Oct, 2025 10:31pm

Business & Finance

Jul-Sept PRA tax collection rises 28pc to Rs66.41bn YoY

LAHORE: The Punjab Revenue Authority (PRA) showing an outstanding performance has collected Rs66.41 billion in terms...

Published 10 Oct, 2025 07:39am

Industry

Hand-knotted carpets int’l exhibition concludes

LAHORE: The three-day international exhibition showcasing hand-knotted carpets concluded successfully, marking a...

Published 10 Oct, 2025 07:38am

Industry

New Customs Lab established at Azakhel Dry Port

ISLAMABAD: Pakistan Customs has established a new Customs Laboratory at Azakhel Dry Port for facilitating trade. ...