News Archives for Business & Finance - 2025-10-29

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Business & Finance - 2025-10-29

Technology

Microsoft Azure, 365 down for thousands of users, Downdetector shows

Microsoft’s Azure and its suite of productivity software were down for thousands of users on Wednesday, according to...

Published 29 Oct, 2025 09:30pm

Energy

Indian Oil to team up with Vitol in global trading push, source says

HYDERABAD: Indian Oil plans to sign a deal early next year to form a joint venture with global trader Vitol as the...

Published 29 Oct, 2025 08:05pm

Stocks

TSX fall after BoC signals at easing pause; Fed rate decision awaited

Canada’s main stock index fell on Wednesday as investors digested the Bank of Canada’s cautious tone, even as the...

Published 29 Oct, 2025 07:47pm

Stocks

Most Gulf bourses rise on higher oil prices; Fed’s meeting in focus

Most Gulf equities ended higher on Wednesday in tandem with a global stocks rally ahead of U.S. Federal Reserve’s...

Published 29 Oct, 2025 07:43pm

Stocks

Wall Street scales record highs as Nvidia hits $5 trillion valuation

Wall Street’s main indexes hit record highs on Wednesday, with Nvidia becoming the first company to surpass a $5...

Published 29 Oct, 2025 07:36pm

South Asia

Microsoft CEO Satya Nadella to visit India in December, sources say

NEW DELHI: Microsoft chief executive Satya Nadella is set to travel to India in December, his second visit to the...

Published 29 Oct, 2025 07:28pm

Companies

India’s Policybazaar parent’s profit more than doubles on online insurance growth

India’s PB Fintech posted a more than two-fold jump in second-quarter profit on Wednesday, as its digital insurance...

Published 29 Oct, 2025 07:25pm

Companies

India’s Solex Energy to invest $1.5bn in solar manufacturing, eyes US exports

Indian solar module manufacturer Solex Energy will invest $1.5 billion over the next five years to expand...

Published 29 Oct, 2025 07:21pm

Companies

India’s Akasa Air targets IPO in 2-5 years, to restart pilot hiring

NEW DELHI: India’s Akasa Air aims to go public in the next two to five years and plans to restart hiring pilots in...

Published 29 Oct, 2025 07:16pm

Markets

India’s central bank proposes steps to speed up cross-border payment inflows

India’s central bank on Wednesday proposed measures to make it easier and faster for people and businesses to...

Published 29 Oct, 2025 07:12pm

Money & Banking

US Fed on track to cut rates again in penultimate decision of 2025

WASHINGTON: The US Federal Reserve is almost certain to cut interest rates for a second straight meeting on...

Published 29 Oct, 2025 06:31pm

Commodities

Copper price hits record high on US-China hopes

LONDON: The price of copper reached a record high in trading Wednesday, the industrial metal boosted by hopes of a...

Published 29 Oct, 2025 05:56pm

Companies

India’s L&T posts profit jump on strong execution of overseas projects

Larsen & Toubro (L&T) India’s largest infrastructure company by market capitalisation, posted a 15.6%rise in...

Updated 29 Oct, 2025 07:07pm

Stocks

Sri Lankan shares rise as utilities, healthcare stocks gain

CSE All-Share index .CSE settled 0.39% higher at 22,777.12

Published 29 Oct, 2025 05:21pm

Financial

India bonds close flat ahead of priced-in Fed cut; guidance key

MUMBAI: Indian government bonds ended nearly flat on Wednesday, as traders awaited the U.S. Federal Reserve’s...

Published 29 Oct, 2025 05:12pm

Commodities

India’s silver demand eases, premiums fall after festive surge

MUMBAI: Silver premiums in India have fallen sharply as demand eased following the last two weeks’ festive rush,...

Published 29 Oct, 2025 05:06pm

Middle East

Saudi Arabia plans to refocus $925 billion fund after gigaproject delays, source says

RIYADH: Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate...

Published 29 Oct, 2025 04:41pm

Companies

Suzuki aims to reclaim India market share with SUVs, expanded production

TOKYO: Suzuki Motor plans to launch eight sport utility vehicles in India over the next five to six years as it...

Published 29 Oct, 2025 04:34pm

Financial

India’s SP Group unit plans $2.5 billion debt sale in early 2026, bankers say

MUMBAI: India’s Goswami Infratech, a unit of Shapoorji Pallonji Group, is set to outsize its previous corporate bond...

Published 29 Oct, 2025 04:26pm

Energy

India’s MRPL pauses Russian oil buying to avoid sanctions risks, executive says

HYDERABAD: India’s state-run refiner Mangalore Refinery and Petrochemicals Ltd has no immediate plans to buy Russian...

Published 29 Oct, 2025 04:20pm

Energy

India considering $12 billion plan to bail out state power distributors

NEW DELHI: India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power...

Published 29 Oct, 2025 04:15pm

Forex

Indian rupee nudges up, forward premiums slip heading into Fed policy decision

MUMBAI: The Indian rupee closed modestly higher on Wednesday as likely central bank intervention supported the...

Published 29 Oct, 2025 04:10pm

Stocks

Indian shares advance as hopes of Fed rate cut, US-China trade truce keep up sentiment

India’s equity benchmarks advanced on Wednesday, as investors picked up stocks in anticipation of a U.S. rate cut...

Published 29 Oct, 2025 04:05pm

Business & Finance

Pakistan Customs seizes millions in smuggled silver

In a series of coordinated enforcement operations under the Chief Collectorate of Customs (Enforcement), Islamabad,...

Updated 29 Oct, 2025 05:40pm

Commodities

Coal India’s second-quarter profit misses view on tepid demand, lower e-auction premiums

Coal India which accounts for about three-quarters of the country’s coal output, reported a larger-that-expected 30%...

Published 29 Oct, 2025 03:59pm

Companies

Ghani Global Holdings plans to invest Rs500mn in new transportation unit

Ghani Global Holdings Limited (GGL), formerly known as Ghani Gases Limited, has announced plans to establish a...

Published 29 Oct, 2025 03:24pm

Companies

Fauji Fertilizer eyes coal gasification to replace natural gas, utilise Pakistan’s domestic coal

Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertiliser companies, is exploring a coal gasification...

Updated 29 Oct, 2025 06:08pm

Money & Banking

NBP’s profit up over 650%, clocks in at Rs23.3bn in 3QCY25

The National Bank of Pakistan (NBP), one of the country’s largest commercial banks, registered a profit-after-tax...

Updated 29 Oct, 2025 06:45pm

Markets

Mercedes-Benz profit plunges on China slump and US tariffs

FRANKFURT: German premium carmaker Mercedes-Benz reported plunging third-quarter profit Wednesday, hit by weak sales...

Published 29 Oct, 2025 12:53pm

Markets

UBS beats expectations as claws backs provisions

ZURICH: Swiss banking giant UBS reported third-quarter earnings that beat analyst expectations, thanks in part to...

Published 29 Oct, 2025 12:50pm

Markets

Deutsche Bank posts record profit on strong trading

FRANKFURT: Germany’s largest bank Deutsche Bank posted record third-quarter profit Wednesday and beat expectations,...

Published 29 Oct, 2025 12:50pm

Forex

China’s yuan tests fresh 1-year high ahead of Xi-Trump meet, Fed decision

HONG KONG: China’s yuan hit a one-year high on Wednesday on growing expectations for an easing in US-China trade...

Published 29 Oct, 2025 12:16pm

Stocks

China stocks rise as market awaits Trump-Xi meeting

China’s blue-chip CSI300 Index rose 0.5% by the lunch break

Published 29 Oct, 2025 12:13pm

Commodities

Palm oil falls to nearly 12-week low on weak rivals; set for second monthly drop

JAKARTA: Malaysian palm oil futures declined for a fourth consecutive session on Wednesday and were poised for a...

Published 29 Oct, 2025 12:11pm

Financial

Gold price per tola climbs Rs3,500 in Pakistan

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

Published 29 Oct, 2025 12:10pm

Markets

India, EU need more talks on steel, autos, carbon levy for trade deal

NEW DELHI: India and the European Union agreed that issues related to steel, automobiles, carbon levies and other EU...

Published 29 Oct, 2025 12:03pm

Technology

Meta explores collaboration with Pakistan in AI, digital trade, and e-commerce

US tech giant Meta is exploring collaboration with Pakistan in the areas of artificial intelligence (AI), digital...

Published 29 Oct, 2025 11:13am

Stocks

Australian shares dip after Q3 inflation points to RBA rate hold next week

The S&P/ASX 200 index pulled back 0.6% to 8,958.50 points

Published 29 Oct, 2025 10:52am

Mutual Funds

India bonds inch up as traders await Fed meet

The yield on the benchmark 10-year note was at 6.5207%

Published 29 Oct, 2025 10:50am

Business & Finance

Pakistan’s glacier-fed rivers to benefit from $250mn GCF funding

The Green Climate Fund (GCF), the world’s largest climate fund, has approved $250 million for Glaciers to Farms—a...

Updated 29 Oct, 2025 05:33pm

Exchange

Rupee records slight uptick against US dollar

Currency settles at 280.96 against greenback

Updated 29 Oct, 2025 09:30pm

Stocks

Stocks close down for sixth consecutive session as KSE-100 sheds further 1,600 points

Benchmark index loses over 8,800 points in six negative sessions

Updated 29 Oct, 2025 09:16pm

Forex

Indian rupee traders eye RBI, flows before fully priced in Fed rate cut

The 1-month non-deliverable forward indicated the rupee will open in the 88.24-88.28 range versus the U.S. dollar

Published 29 Oct, 2025 08:48am

Stocks

India stock benchmarks set to track Asian peers higher; Fed policy in focus

Gift Nifty futures were trading at 26,149 points

Published 29 Oct, 2025 08:45am

Markets

Toyota says it did not explicitly promise Trump new $10 billion investment in US

TOKYO: Japan’s Toyota Motor did not explicitly promise a new $10 billion investment in the United States, a senior...

Published 29 Oct, 2025 08:43am

Stocks

Japan’s Nikkei crosses 51,000 for first time on tech optimism

The tech-heavy Nikkei 225 Index was up 2.05% at an unprecedented 51,249.82

Published 29 Oct, 2025 08:40am

Bullion Rate

Gold steadies ahead of Fed verdict; trade optimism limits upside

Spot gold was up 0.2% at $3,957.42 per ounce

Published 29 Oct, 2025 08:33am

Stocks

Asia stocks rise on AI optimism, investors gird for Fed, tech earnings

SINGAPORE: Asian shares got a lift from Wall Street on Wednesday thanks to a fresh wave of optimism over artificial...

Published 29 Oct, 2025 08:26am

Forex

Dollar on backfoot ahead of expected Fed cut, Aussie gains on CPI

The euro was little changed at $1.1655. Sterling added 0.1% to $1.3278

Published 29 Oct, 2025 08:22am

Energy

Oil rises 1% on large decline in US stockpiles

Brent crude futures were up 78 cents, or 1.2%, to $65.18 a barrel

Updated 29 Oct, 2025 08:46pm

Companies

Cargo operations: PIA inks agreement with Riyadh Air

KARACHI: PIA has entered into an agreement with Riyadh Air for cargo operations. In view of the exceptional and...

Published 29 Oct, 2025 07:11am

Business & Finance

Bangladesh HC delegation, Minister visit SECP

ISLAMABAD: A high-level delegation from the Bangladesh High Commission visited the Securities and Exchange ...

Published 29 Oct, 2025 07:08am

Business & Finance

Decision to maintain policy rate sparked mixed reactions

KARACHI: Following strong calls from the business community for a significant reduction in the interest rate,...

Published 29 Oct, 2025 07:06am

Companies

Money20/20 USA 2025: JazzCash wins Silver Award in Banking category

ISLAMABAD: JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, a leading global...

Published 29 Oct, 2025 07:05am

Energy

LESCO, PSO sign oil purchase deal

LAHORE: The Pakistan Electric Supply Company (LESCO) has signed an agreement with state-owned Pakistan State Oil...

Published 29 Oct, 2025 07:03am

Energy

Despite lower sales: POL’s Q1 profit soars to Rs5.4b

KARACHI: Pakistan Oilfields Limited (POL) reported a strong surge in profitability for the first quarter ended...

Published 29 Oct, 2025 07:00am

Industry

Business community seeks cut in interest rate immediately

KARACHI: Business community has urged the government to intervene and direct the central bank to lower the interest...

Updated 29 Oct, 2025 08:05am

Industry

SAPM upgrading quality of Pakistani marble

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan has...

Published 29 Oct, 2025 06:57am

Pakistan

SAU, Dalda Foundation sign MoU to expand oil palm research

HYDERABAD: Sindh Agriculture University (SAU), Tandojam, and the Dalda Foundation have signed a Memorandum of...

Published 29 Oct, 2025 06:55am

Industry

SECP holds roundtable on ‘Future of Takaful in Pakistan’

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

Published 29 Oct, 2025 06:54am

Money & Banking

Standard Chartered showcases ‘Straight2Bank’

KARACHI: Standard Chartered Bank Pakistan held an exclusive client session to showcase its flagship digital banking...

Published 29 Oct, 2025 06:51am

Business & Finance

PM meets WEF President

RIYADH: Prime Minister Muhammad Shehbaz Sharif met with World Economic Forum (WEF) President and CEO Børge Brende ...

Published 29 Oct, 2025 06:26am

Industry

Minister vows full cooperation to PSMA

LAHORE: Federal Minister for National Food Security Rana Tanveer Hussain on Tuesday assured the Pakistan Sugar Mills...