News Archives for Business & Finance - 2025-10-17

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Business & Finance - 2025-10-17

Companies

Indian KFC operator Sapphire Foods’ quarterly loss widens on muted fast-food demand

Sapphire Foods, which operates KFC and Pizza Hut restaurants in India, reported a wider quarterly net loss, as urban...

Published 17 Oct, 2025 11:22pm

Stocks

European stocks fall as US bank jitters spark flight to safety

European shares fell on Friday, as signs of credit stress at U.S. regional lenders unnerved investors and drove them...

Published 17 Oct, 2025 09:41pm

Companies

India’s IndiGo doubles widebody orders with 30 Airbus A350 conversions

India’s budget airline IndiGo said on Friday it has signed a contract with Airbus confirming the conversion of 30 of...

Published 17 Oct, 2025 08:45pm

Stocks

Wall St rises on Trump’s China tariff remarks, regional bank worries weigh

Wall Street’s main indexes inched higher in choppy trading on Friday after U.S. President Donald Trump confirmed his...

Published 17 Oct, 2025 08:11pm

Companies

Ambani’s Reliance Industries posts nearly 10% profit rise on energy, digital growth

Indian billionaire Mukesh Ambani’s Reliance Industries posted a 9.7% rise in quarterly profit on Friday, driven by...

Published 17 Oct, 2025 07:43pm

Stocks

TSX falls on materials weakness, US banking jitters

Canada’s main stock index fell on Friday, as materials stocks declined and signs of credit stress at U.S. regional...

Published 17 Oct, 2025 07:39pm

Energy

Global LNG: Asian spot prices rise slightly on cold weather despite ample inventories

LONDON: Asian spot liquefied natural gas (LNG) prices rose slightly this week, as colder weather forecasts in...

Published 17 Oct, 2025 07:14pm

Markets

Qatar-backed Islamic insurance firm plans IPO in Pakistan next month: Bloomberg

A Pakistani Shariah-compliant insurance firm plans to raise about Rs1.1 billion ($3.9 million) in an initial public...

Published 17 Oct, 2025 05:38pm

Stocks

UAE stocks fall with global markets on US credit concerns

Stock markets in the United Arab Emirates fell on Friday, tracking global equities, as signs of credit stress among...

Published 17 Oct, 2025 05:32pm

Commodities

India central bank’s gold pile tops $100 billion on surging bullion prices

MUMBAI: India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of...

Published 17 Oct, 2025 05:23pm

Companies

Indian solar firms tweaking supply chains to navigate US tariffs

NEW DELHI: Indian solar manufacturers have begun recalibrating their supply chains to maintain access to the...

Published 17 Oct, 2025 05:16pm

South Asia

India expects $7.4 billion spending on fighter jet engines over next decade

NEW DELHI: India expects to spend about 654 billion rupees ($7.44 billion) to buy engines for fighter aircraft that...

Updated 17 Oct, 2025 10:46pm

Industry

CTBCM: Pakistan set to hold first-ever auction to sell power at competitive price

KARACHI: In a major step toward liberalising its power sector, Pakistan is set to hold its first-ever auction to...

Updated 17 Oct, 2025 07:43pm

Commodities

Palm ends lower on weak crude oil, logs weekly fall

KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday, snapping a two-week rally, as weaker crude oil...

Published 17 Oct, 2025 05:05pm

Companies

Indian engineering firm Tata Tech’s profit rises on non-core business boost

Indian engineering firm Tata Technologies reported a 5% rise in second-quarter profit on Friday, as growth in its...

Published 17 Oct, 2025 04:57pm

Financial

India bonds slip, benchmark yield still sees biggest weekly dip in 6

MUMBAI: Indian government bonds gave up intraday gains to end marginally lower on Friday as slightly weaker than...

Published 17 Oct, 2025 04:54pm

Energy

US says India halves Russian oil imports, sources say no cuts seen

WASHINGTON/NEW DELHI: India has halved its purchases of Russian oil, a White House official said, but Indian sources...

Published 17 Oct, 2025 04:49pm

Money & Banking

SMBC rules out raising stake in Yes Bank beyond 25%, Yes shares tumble

MUMBAI: Japanese lender Sumitomo Mitsui Banking Corporation 8316.Thas no immediate plans to raise its stake in...

Published 17 Oct, 2025 04:43pm

South Asia

India considers easing certain Chinese import curbs amid growing reliance, say sources

NEW DELHI: India’s trade ministry and a government think-tank are pushing to ease certain tariff and non-tariff...

Published 17 Oct, 2025 04:37pm

Companies

India’s PVR Inox swings to second quarter profit as hits like ‘Saiyaara’ boost footfall

India’s largest multiplex operator PVR Inox swung to a profit in the second quarter as a robust lineup of film...

Published 17 Oct, 2025 04:27pm

Companies

India’s Hindustan Zinc posts quarterly profit rise on strong silver, zinc prices

India’s Hindustan Zinc reported a nearly 14% rise in second-quarter profit on Friday, as silver prices hit record...

Published 17 Oct, 2025 04:23pm

Companies

India’s JSW Steel posts four-fold quarterly profit rise on strong sales

India’s top steelmaker JSW Steel reported a nearly four-fold rise in second-quarter profit on Friday, as a surge in...

Published 17 Oct, 2025 04:18pm

Forex

Indian rupee logs best week in four months after central bank flexes FX muscle

MUMBAI: The Indian rupee logged its best week in four months, buoyed largely by the Reserve Bank of India’s forceful...

Published 17 Oct, 2025 04:12pm

Stocks

Earnings, demand rebound hopes lift India’s Nifty to one-year high

India’s equity benchmarks advanced on Friday as heavyweights HDFC Bank, ICICI bankand Reliance Industries rose,and...

Published 17 Oct, 2025 04:06pm

Companies

India’s Shoppers Stop posts narrower loss, expects festive demand boost

Indian department store Shoppers Stop posted a marginally narrower second-quarter loss on Friday and said it expects...

Published 17 Oct, 2025 03:52pm

Business & Finance

Floods likely to hit Pakistan’s growth outlook, Aurangzeb tells Bloomberg

Finance Minister Muhammad Aurangzeb said that the recent floods, which inundated large swathes of agricultural land...

Updated 17 Oct, 2025 08:09pm

Money & Banking

SBP Governor’s Annual Report highlights economic stability, flags global and domestic risks

Pakistan’s macroeconomic conditions strengthened in FY25 as prudent monetary policy and fiscal consolidation sharply...

Updated 17 Oct, 2025 08:09pm

Commodities

Gold prices in Pakistan surge by Rs14,100 per tola, hit new record high amid global rally

Gold prices in Pakistan increased massively on Friday in line with their gain in the international market. In the...

Published 17 Oct, 2025 12:20pm

Business & Finance

Pakistan seeks membership in BRICS’ New Development Bank with China’s support

Development comes during a meeting between Finance Minister Muhammad Aurangzeb with Liao Min, China's Deputy Finance Minister, in Washington DC

Updated 17 Oct, 2025 10:45pm

Stocks

China stocks head for worst week in 10 as trade concerns weigh

China's blue-chip CSI300 Index dropped 1.3% by the lunch break, while the Shanghai Composite Index lost 1%

Published 17 Oct, 2025 11:56am

Forex

Yuan hits 3-week high as PBOC eyes trade tensions, focuses on stability ahead of China plenum

SHANGHAI: China’s yuan hit a near three-week high against the dollar on Friday, as the central bank continued to...

Published 17 Oct, 2025 11:54am

Forex

Australia, NZ dollars take collateral damage in rush from risk

SYDNEY: The Australian and New Zealand dollars were on the defensive on Friday as concerns over US credit losses...

Published 17 Oct, 2025 11:52am

Stocks

Australian shares slip from record high as energy, tech stocks drag

The S&P/ASX 200 index fell 0.3% to 9,043.80

Published 17 Oct, 2025 11:50am

Stocks

Japanese shares fall as banks track US peers lower, yen gains also weigh

TOKYO: Japanese shares fell on Friday, dragged by financial stocks which tracked sharp declines in US regional...

Published 17 Oct, 2025 11:45am

Energy

India already cutting Russian oil imports by 50% after US talks, White House official says

WASHINGTON/NEW DELHI: The United States and India have held productive trade talks, and Indian refiners are already...

Published 17 Oct, 2025 11:30am

Markets

BYD makes largest recall of over 115,000 cars due to design, battery issues

BEIJING: Chinese car maker BYD will make its largest recall yet of more than 115,000 Tang series and Yuan Pro...

Published 17 Oct, 2025 11:26am

Markets

In China, global companies struggle as home-grown brands steal thunder

LONDON/PARIS/AMSTERDAM: For many companies, business in China has changed for the long term as a fragile economy and...

Published 17 Oct, 2025 11:09am

Bullion Rate

Gold rallies beyond $4,300/oz, set for best week in 17 years

Spot gold rose 0.9% to $4,362.39 per ounce

Published 17 Oct, 2025 10:58am

Forex

India central bank repeats pre-market dollar sales, reinforcing support for rupee

The rupee climbed to a high of 87.75 on the back of the intervention, after settling at 87.82 on Thursday

Published 17 Oct, 2025 10:55am

Stocks

India stock benchmarks set to open flat after sharp rally

Gift Nifty futures were trading at 25,613.5 points

Published 17 Oct, 2025 10:52am

Forex

Dollar set for weekly slide as trade, shutdown concerns weigh

TOKYO: The dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the US...

Published 17 Oct, 2025 10:50am

Stocks

Asian shares fall, gold claims new record as banking fears weigh

MSCI’s broadest index of Asia-Pacific shares outside Japandropped 0.9%, taking the week to negative territory

Published 17 Oct, 2025 10:47am

Energy

Oil set for weekly loss as Trump-Putin summit looms

Brent crude futures were down 16 cents, or 0.26%, at $60.90 a barrel

Updated 17 Oct, 2025 01:59pm

Energy

Mari Energies announces oil & gas discovery in Sindh

Mari Energies Limited (MARI) announced on Friday the discovery of oil and gas in Sindh’s Mari Ghazij CF-B1 Well....

Updated 17 Oct, 2025 12:00pm

Exchange

Rupee registers marginal gain against US dollar

Currency settles at 281.10 against greenback

Updated 17 Oct, 2025 08:47pm

Stocks

Volatility at bourse, KSE-100 sheds over 600 points

Volatility was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index losing over...

Updated 17 Oct, 2025 06:41pm

Markets

Pakistan deepens global partnerships as Japan’s JBIC joins Reko Diq lender group

Strengthening economic ties with major economic partners, Pakistan secured a significant boost in investor...

Updated 17 Oct, 2025 10:46pm

Industry

GCCI team meets Indonesia’s Minister to explore investment scope

ISLAMABAD: President of the Gwadar Chamber of Commerce and Industry (GCCI), Jeehand Hoth, Thursday met with...

Published 17 Oct, 2025 08:41am

Industry

PHDEC organises workshop on garlic in Swabi

PESHAWAR: Garlic holds a significant place in culinary landscape throughout the world and is cherished for enhancing...

Published 17 Oct, 2025 08:31am

Industry

PSMA urges govt to reopen FBR’s S-Track portal

LAHORE: The Pakistan Sugar Mills Association has written a third letter to the federal minister of finance and...

Published 17 Oct, 2025 08:26am

Companies

Telenor Pakistan wins awards

ISLAMABAD: Telenor Pakistan has been recognised with three prestigious accolades at the Best Place to Work Pakistan...

Published 17 Oct, 2025 08:19am

Money & Banking

Asian currencies higher against dollar

BENGALURU: Emerging Asian currencies edged up on Thursday, as US-China trade tensions and expectations of interest...

Published 17 Oct, 2025 08:10am

Money & Banking

Dollar falls against yen and euro

NEW YORK: The US dollar was on track for a third consecutive session of losses against major currencies including ...

Published 17 Oct, 2025 08:05am

Business & Finance

FY 2025-26: Mobile phones worth USD 500.011m imported in QI

ISLAMABAD: Pakistan imported mobile phones worth USD 500.011 million in the first quarter (July-September) of the...

Published 17 Oct, 2025 07:50am

Business & Finance

SECP organises roundtable on ‘The Future of Takaful in Pakistan’

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) organised a roundtable discussion in Karachi...

Published 17 Oct, 2025 07:49am

Business & Finance

Sudan seeks technical support in agri, pharma, maritime sectors

ISLAMABAD: The government of Sudan has sought Pakistan’s technical cooperation in the development of its...

Published 17 Oct, 2025 07:47am

Companies

Armani names executive close to designer as new CEO

MILAN: The Armani Group on Thursday named a senior manager who worked alongside Giorgio Armani to take over as chief...