News Archives for Business & Finance - 2025-10-16

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Business & Finance - 2025-10-16

Stocks

French stocks jump to seven-month high after government survives confidence vote

French stocks rose to a seven-month high on Thursday after the government survived a confidence vote, while a jump...

Published 16 Oct, 2025 09:42pm

Companies

India’s Cyient posts 28.8% profit drop in seasonally challenging second-quarter

India’ Cyient on Thursday reported a 28.8% fall in profit, as a higher wage bill in a seasonally tough quarter...

Published 16 Oct, 2025 09:13pm

USA

IMF upgrades Asia’s growth forecast, warns of risks from US-China tension

WASHINGTON: The International Monetary Fund revised up Asia’s economic growth forecast on Thursday, but warned that...

Published 16 Oct, 2025 09:02pm

Money & Banking

US Fed chair contender backs October rate cut

WASHINGTON: A top contender to run the US Federal Reserve threw his support Thursday behind a quarter-point rate cut...

Published 16 Oct, 2025 08:30pm

Technology

India’s IT sector shows signs of demand recovery as clients warm up to AI projects

BENGALURU: Indian IT firms Infosys Wipro and LTIMindtree beat estimates for quarterly revenue on Thursday and...

Published 16 Oct, 2025 08:08pm

Money & Banking

Post-floods: Pakistan’s central bank warns of rising inflation, widening twin deficits in FY26

Country's economic growth to remain around 3.25% in FY26, State Bank of Pakistan says in its annual report

Updated 16 Oct, 2025 10:49pm

Stocks

TSX rises on tech boost, rate cut optimism

Canada’s main stock index climbed on Thursday, led by technology shares, as investor confidence grew that the U.S....

Published 16 Oct, 2025 07:43pm

Commodities

India markets regulator aims to boost institutional participation in commodity markets, chair says

India’s markets regulator aims to boost institutional participation in the country’s agriculture and non-agriculture...

Published 16 Oct, 2025 07:30pm

Companies

India’s Metro Brands misses profit view as footwear demand slipped ahead of tax cuts

Metro Brands missed its second-quarter profit estimates on Thursday, as footwear demand softened in anticipation of...

Published 16 Oct, 2025 07:24pm

Markets

India power regulator opens probe into alleged insider trading

NEW DELHI: India’s federal power regulator on Thursday launched a probe into alleged insider trading in Indian...

Published 16 Oct, 2025 07:15pm

Markets

SBP-held foreign exchange reserves rise by $21 million to $14.44bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $21 million on a weekly basis,...

Published 16 Oct, 2025 05:48pm

Markets

Gold isn’t alone: silver prices skyrocket in Pakistan amid global industrial demand

KARACHI: Silver prices in Pakistan have significantly surged over the past three months, closely tracking the global...

Updated 16 Oct, 2025 10:50pm

Commodities

Gold smuggling surges in India as price spikes before festivals

MUMBAI: Gold smuggling into India has spiked ahead of key festivals, government and industry officials told Reuters,...

Published 16 Oct, 2025 05:03pm

Companies

India’s LTIMindtree beats second-quarter earnings view on BFSI strength

BENGALURU: Indian IT services company LTIMindtree reported bigger-than-expected quarterly earnings on Thursday on...

Published 16 Oct, 2025 04:49pm

Financial

India bond rally stalls as in-line RBI minutes spur profit taking

MUMBAI: Indian government bonds slipped on Thursday, snapping a three-day run of gains, as traders booked profits...

Published 16 Oct, 2025 04:44pm

Stocks

Earnings, rate cut hopes boost India’s stock benchmarks to 3-month highs

India’s equity benchmarks rose to more than three-month highs on Thursday, led by Nestle’s India unit and Axis Bank...

Published 16 Oct, 2025 04:36pm

Companies

Indian online delivery platform Eternal’s quarterly profit rises sequentially

Indian online delivery platform Eternal reported a sequential rise in its quarterly profit on Thursday, driven by...

Published 16 Oct, 2025 04:26pm

Companies

Overseas Pakistanis and PSX: accessing equity investments via Roshan Digital Account

The Roshan Digital Account (RDA) has not only simplified banking for Non-Resident Pakistanis (NRP’s) but also...

Updated 16 Oct, 2025 04:51pm

Markets

India’s Wipro beats second-quarter revenue view

BENGALURU: India’s Wipro reported stronger-than-expected second-quarter revenue on Thursday, driven by strong growth...

Published 16 Oct, 2025 04:19pm

Companies

Indian broadcaster Zee’s profit more than halves as ad slump persists

India’s Zee Entertainment Enterprises reported a more than 60% decline in second-quarter profit on Thursday, as...

Published 16 Oct, 2025 04:13pm

Commodities

Palm ends higher despite weak India demand, soyoil competition

KUALA LUMPUR: Malaysian palm oil futures ended higher on Thursday, reversing earlier losses despite weakening demand...

Published 16 Oct, 2025 04:08pm

Technology

India’s Infosys narrows annual revenue growth forecast

BENGALURU: India’s second-largest IT services exporter Infosys on Thursday raised the lower end of its annual...

Published 16 Oct, 2025 04:02pm

Business & Finance

Pakistan’s Citi Pharma denies plans to set up plant in Iraq

Citi Pharma Limited, one of Pakistan’s leading pharmaceutical companies, refuted on Thursday reports of it planning...

Published 16 Oct, 2025 02:08pm

Companies

KE parent company rejects claims of stake sale to Saudi investor

Chishty does not own any shares in KESP, the letter to KE stated

Published 16 Oct, 2025 01:57pm

Markets

Ford to recall over 59,000 US vehicles over fire risks, NHTSA says

Ford Motor is recalling 59,006 vehicles that are equipped with engine block heaters for fire risks, the US National...

Published 16 Oct, 2025 12:57pm

Financial

Gold price per tola gains Rs1,900 in Pakistan

Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local...

Published 16 Oct, 2025 12:47pm

Markets

ABB sees ‘robust market’ so far unaffected by US tariffs

ZURICH: ABB is seeing a “robust” market situation with so far little impact on customer demand from the...

Published 16 Oct, 2025 11:35am

Business & Finance

Aurangzeb showcases Pakistan’s investment potential to US DFC

Finance Minister Muhammad Aurangzeb, in a meeting with Benjamin Black, CEO of the US International Development...

Published 16 Oct, 2025 11:29am

Markets

TSMC Q3 profit jumps 39.1% to record, beats expectations

TAIPEI: TSMC, the world’s largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday,...

Published 16 Oct, 2025 11:24am

Markets

Nestle to axe 16,000 jobs as new CEO targets sales growth

Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday, as the...

Published 16 Oct, 2025 11:21am

Markets

Gold extends record rally on US-China tensions, rate outlook

Spot gold was up 0.8% at an all-time peak of $4,241.77 per ounce

Published 16 Oct, 2025 11:09am

Stocks

Australian shares hit record high as weak jobs data boosts rate-cut bets

The S&P/ASX 200 index climbed as much as 0.8% to 9,059.40

Published 16 Oct, 2025 11:06am

Mutual Funds

Profit booking thwarts key level breach for India bonds

MUMBAI: Indian government bonds slipped early in the session on Thursday, as traders booked profits, pushing bond...

Published 16 Oct, 2025 11:04am

Stocks

Japan’s Nikkei rises as chances of Takaichi becoming next PM brighten

TOKYO: Japan’s Nikkei share average rose on Thursday as prospects of Liberal Democratic Party (LDP) leader Sanae...

Published 16 Oct, 2025 11:02am

Stocks

Private banks lead India stock benchmarks higher at open

The Nifty 50 rose 0.39% to 25,422.80, while the BSE Sensex added 0.41% to 82,938.89

Published 16 Oct, 2025 11:00am

Exchange

Rupee records minor gain against US dollar

Currency settles at 281.11 against greenback

Updated 16 Oct, 2025 07:28pm

Business & Finance

Aurangzeb briefs Saudi counterpart on PIA, airport privatisation drive

PIA privatisation in final stages

Updated 16 Oct, 2025 10:50pm

Companies

Amreli Steels executes MRA to improve liquidity

Amreli Steels Limited announced on Thursday that it had signed and executed the Master Restructuring Agreement...

Published 16 Oct, 2025 10:07am

Exchange

Selling hits bourse, KSE-100 settles with over 1,200 points loss

The Pakistan Stock Exchange (PSX) witnessed another volatile session on Thursday, with the benchmark KSE-100 Index...

Updated 16 Oct, 2025 07:11pm

Stocks

Asia stocks join Wall Street rally, gold at record high on trade angst

Japan’s Nikkei advanced 0.8%, with chip- and artificial intelligence-related shares boosting the index

Published 16 Oct, 2025 08:19am

Industry

IREN seizes illicit tobacco products worth billions of rupees in recent years

ISLAMABAD: The Inland Revenue Enforcement Network (IREN) has emerged as Pakistan’s frontline enforcement arm...

Published 16 Oct, 2025 08:12am

Taxes

Extra levy on banks’ windfall income: Income Tax law’s Section 99D constitutes valid charging provision: PHC

ISLAMABAD: Peshawar High Court (PHC) has declared that the section 99D of the Income Tax Ordinance constitutes a...

Published 16 Oct, 2025 08:12am

Stocks

Samsung Electronics shares hit record high

SEOUL: Shares of South Korean chipmaker Samsung Electronics rose as much as 2% on Thursday to an all-time high on...

Published 16 Oct, 2025 08:11am

Business & Finance

Lahore customs records 100pc growth in revenue

LAHORE: The customs enforcement Lahore has recorded 100 percent growth in tax revenue collection during the first...

Published 16 Oct, 2025 08:10am

Forex

Dollar soft as Sino-US trade tension weighs

The dollar index , which measures the greenback against six other currencies, was down 0.16% at 98.512

Published 16 Oct, 2025 08:10am

Pakistan

PM happy over SLA with IMF

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday expressed satisfaction over a staff-level agreement reached...

Published 16 Oct, 2025 08:08am

Energy

Oil rises as traders brace for possible Indian halt of Russia imports

Brent crude futures rose 54 cents, or 0.87%, to $62.45 a barrel

Updated 16 Oct, 2025 04:55pm

Companies

Mercury-laden skin whitening creams business: CCP launches probe against firms involved

ISLAMABAD: The Competition Commission of Pakistan (CCP) has launched a nationwide probe against companies involved ...

Published 16 Oct, 2025 07:53am

Industry

FBATI opposes levy on indigenous gas

KARACHI: Abdullah Abid, the Acting President of the Federal B Area Association of Trade and Industry (FBATI) and ...

Published 16 Oct, 2025 07:52am

Pakistan

PM commitment to boost partnership with Australia

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday reaffirmed Pakistan’s commitment to strengthening its...

Published 16 Oct, 2025 07:50am

Companies

MG Pakistan marks its fifth anniversary

LAHORE: MG Pakistan proudly marks its fifth anniversary, celebrating five years of redefining automotive excellence...

Published 16 Oct, 2025 07:47am

Money & Banking

Asian currencies rise on US rate cut bets

BENGALURU: Emerging Asian currencies strengthened on Wednesday as the US dollar softened after dovish comments from...

Published 16 Oct, 2025 07:33am

Money & Banking

Dollar slips against major currencies

TOKYO/LONDON: The US dollar slipped against a basket of peers on Wednesday after comments from Federal Reserve Chair...

Published 16 Oct, 2025 07:32am

Business & Finance

Pakistan, UAE underscore further enhancing trade ties

ABU DHABI: Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce, called on Dr Thani bin Ahmed Al...

Published 16 Oct, 2025 07:14am

Business & Finance

Tobacco cos underpay farmers, ignoring MIP

ISLAMABAD: Local tobacco companies are exploiting farmers by purchasing tobacco at a much lower rate than the ...

Published 16 Oct, 2025 07:10am

Industry

Jam-led team reaches Addis Ababa

ISLAMABAD: Minister for Commerce, Jam Kamal has reached Addis Ababa, leading a high-level trade delegation to...