News Archives for Business & Finance - 2025-11-13

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Business & Finance - 2025-11-13

Companies

Verizon to cut about 15,000 jobs, source says

Verizon is planning to cut about 15,000 jobs, a person familiar with the matter told Reuters on Thursday. The...

Published 13 Nov, 2025 09:30pm

Companies

Indian two-wheeler maker Hero MotoCorp tops profit view on tax-cut fueled demand, strong exports

Hero MotoCorp India’s top two-wheeler maker by sales, reported a better-than-expected quarterly profit on Thursday,...

Published 13 Nov, 2025 08:01pm

Companies

Disney warns of potentially long distribution dispute with YouTube TV, shares fall

LOS ANGELES: Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over...

Published 13 Nov, 2025 07:33pm

Energy

India’s ReNew to invest $9.33 billion in green energy projects in southern state

NEW DELHI: India’s ReNew Energy Global Plc said on Thursday it will invest about 820 billion rupees ($9.33 billion)...

Published 13 Nov, 2025 07:15pm

Money & Banking

SBP foreign exchange reserves rise by $22mn to $14.52bn

Total liquid foreign reserves held by country stand at $19.72bn as of November 7

Published 13 Nov, 2025 07:06pm

Companies

LG Electronics India posts drop in second-quarter profit

LG Electronics India on Thursday reported a 27% fall in quarterly profit in its first results since listing, as...

Published 13 Nov, 2025 05:22pm

Companies

India’s Tata Motors posts quarterly loss on one-off impairment charge

India’s Tata Motors the country’s top commercial vehicles maker, reported a quarterly loss on Thursday, as it took a...

Published 13 Nov, 2025 05:03pm

Commodities

Asia rice: Thai markets face a one-two punch of low demand, ample supply

The Asian rice export markets were subdued this week, with rates in Thailand at their lowest level in 18 years due...

Published 13 Nov, 2025 04:54pm

Money & Banking

Deutsche Bank’s DWS to buy 40% stake in Nippon Life India unit

Deutsche Bank’s investment arm DWS Group will buy a 40% stake in a Nippon Life India Asset Management unit to build...

Published 13 Nov, 2025 04:49pm

Financial

India bonds dip on caution ahead of weekly debt supply

MUMBAI: Indian government bonds fell on Thursday, as cautious traders pared positions ahead of the weekly debt...

Published 13 Nov, 2025 04:46pm

Companies

India’s Royal Enfield motorcycle maker posts higher second-quarter profit

India’s Eicher Motors maker of Royal Enfield motorcycles, reported higher second-quarter profit on Thursday, riding...

Published 13 Nov, 2025 04:43pm

Forex

Softer dollar of scant help to rupee as importer hedging, outflows persist

MUMBAI: The Indian rupee closed marginally lower on Thursday as outflows and dollar demand spurred by persistent...

Published 13 Nov, 2025 04:38pm

Stocks

Indian shares stall as rally peters out before Bihar election results

Indian equities ended flat on Thursday, as gains in metal stocks and upbeat earnings were offset by caution ahead of...

Published 13 Nov, 2025 04:34pm

South Asia

India arrests Jaypee Infratech ex-chairman in funds diversion probe

NEW DELHI: India’s financial crime fighting agency said on Thursday it has arrested the former chairman of real...

Published 13 Nov, 2025 04:29pm

Financial

India’s Muthoot Finance posts quarterly profit jump, raises loan growth outlook

Indian gold loan financier Muthoot Finance on Thursday reported an 87.5% jump in second-quarter profit on strong...

Published 13 Nov, 2025 04:23pm

Commodities

Palm closes slightly higher despite rising output, India demand concerns

KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to end on a slightly higher note on Thursday,...

Published 13 Nov, 2025 04:18pm

Companies

Domino’s India operator posts quarterly profit spike as demand stays upbeat

Domino’s India operator posted a quarterly profit that almost tripled from a year earlier on Thursday, as demand for...

Published 13 Nov, 2025 04:15pm

Markets

Pakistan plans Eurobond issuance in 2026: Bloomberg

Development comes as Pakistan push to diversify funding sources, says the report

Updated 13 Nov, 2025 10:05pm

Companies

Pak Leather to rent out factory premises to generate additional revenue

Says it had agreed with a third party

Published 13 Nov, 2025 02:56pm

Industry

Pakistan constitutes high-level committee to identify sites for new deep-sea ports

The Ministry of Maritime Affairs has constituted a high-level, multi-agency committee to identify potential sites...

Published 13 Nov, 2025 02:36pm

Commodities

Taiwan’s MFIG buys about 65,000 tons of corn from US, traders say

The tender was dominated by US corn, traders said. A total of eight trading companies each offered 65,000 tons of US supplies

Published 13 Nov, 2025 01:40pm

Commodities

Jordan tenders to buy 120,000 metric tons feed barley, traders say

The deadline for submission of price offers in the tender is November 19

Published 13 Nov, 2025 01:36pm

Companies

Maple Leaf Cement eyes acquisition of shares in Pioneer Cement

Middle East Vision Holdings Ltd currently holds PIOC’s majority stake

Updated 13 Nov, 2025 02:22pm

Markets

Toyota announces $10bn US investment

Trump created some confusion by saying in October that Toyota CEO Akio Toyoda had told him in Tokyo about the investment plan

Published 13 Nov, 2025 01:15pm

Companies

Mari Energies secures 23 new offshore exploration blocks

Listed company discloses development in a notice to Pakistan Stock Exchange

Updated 13 Nov, 2025 10:03pm

Financial

Gold price per tola gains 8,300 in Pakistan

Silver price increases by Rs228 per tola to reach Rs5,662

Published 13 Nov, 2025 12:41pm

Markets

Moody’s expects India’s economy to grow at 6.5% through 2027

India's economic growth is supported by robust infrastructure spending and solid consumption

Published 13 Nov, 2025 12:12pm

Markets

Deutsche Telekom lifts full year profit outlook, dividend

The group now expects core profit of around 45.3 billion euros for the year and free cash flow after leases of around 20.1 billion euros

Published 13 Nov, 2025 11:44am

Forex

South African rand stable as traders weigh lower inflation target, await mining data

The rand traded at 17.0775 against the dollar, a whisker away from its previous close

Published 13 Nov, 2025 11:41am

Markets

China’s Baidu unveils new AI processors, supercomputing products

The M300, capable of both training and inference, is slated for early 2027

Published 13 Nov, 2025 11:39am

Markets

Lotte Chemical sells 75% stake in Pakistani subsidiary for $69 million

NEW DELHI: South Korea’s Lotte Chemical said on Thursday it has sold about 75% stake in its Pakistani subsidiary to...

Published 13 Nov, 2025 11:17am

Forex

Yuan hovers near 2-week high as market awaits economic data

The onshore yuan firmed to 7.1108 per dollar in early trades, the strongest level since October 31

Published 13 Nov, 2025 11:10am

Stocks

China stocks edge higher on new energy sector gains; economic data in focus

At the midday break, the Shanghai Composite index was up 0.4% at 4,017.94

Published 13 Nov, 2025 11:08am

Commodities

Soybeans little changed as China’s absence caps gains

Wheat was flat, while corn ticked lower

Published 13 Nov, 2025 11:05am

Commodities

Palm opens lower on weaker Dalian palm olein, crude oil

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 31 ringgit

Published 13 Nov, 2025 11:04am

Forex

Aussie gains, bonds tumble as jobs data crushes easing bets

The Aussie rose 0.3% to $0.6558, its highest in 10 days, having popped 0.2% higher overnight

Published 13 Nov, 2025 11:01am

Commodities

Iron ore seesaws amid softening near-term demand in China, restocking hopes

*The benchmark December iron ore on the Singapore Exchange was 0.32% lower at $102.45 a ton

Published 13 Nov, 2025 10:59am

Business & Finance

IMF’s Executive Board to discuss Pakistan on December 8

Approval to pave the way for $1.2 billion disbursement

Updated 13 Nov, 2025 10:10pm

Stocks

Australia shares tumble as robust jobs data shatters rate cut hopes

The S&P/ASX 200 benchmark index fell 1.1% to 8,705.40 points

Published 13 Nov, 2025 10:57am

Stocks

Japan’s Nikkei rises as US government set to reopen; Topix hits new high

The Topix was up 0.63% at 3,380.53 after rising to a record high of 3,389.12 earlier in the day

Published 13 Nov, 2025 10:55am

Bullion Rate

Gold extends rise as Trump signs deal to lift shutdown

Spot gold was up 0.4% at $4,214.52 per ounce

Published 13 Nov, 2025 10:53am

Companies

P&G exit: Gillette Pakistan seeks delisting from PSX

Arif Habib Limited appointed as purchase agent

Updated 13 Nov, 2025 10:06pm

Exchange

Rupee sees slight improvement against US dollar

Currency settles at 280.76 against greenback

Updated 13 Nov, 2025 07:23pm

Stocks

Shares at KSE-100 Index climb 2,500 points amid IMF announcement

IMF's Executive Board to discuss Pakistan on Dec 8

Updated 13 Nov, 2025 07:08pm

Companies

Sitara Peroxide closes operations for BMR

Says management was taking emergent measures to control erosion

Published 13 Nov, 2025 09:36am

Technology

PTA initiates licensing of VPN service providers

The telecom authority has granted class licenses to several companies

Published 13 Nov, 2025 09:33am

Stocks

India’s stock benchmarks set to open higher on easing inflation, global optimism

Gift Nifty futures were trading at 25,950.5 points

Published 13 Nov, 2025 08:23am

Forex

Indian rupee to hold in narrow range on flows pressure, RBI barrier

The 1-month non-deliverable forward pointed to the rupee opening little changed to the US dollar from 88.63 on Wednesday

Published 13 Nov, 2025 08:21am

Stocks

Yen squeezed, stocks firm as US shutdown set to lift

Japan’s Nikkei was 0.5% firmer but the broad Topix index climbed nearly 1% to a record high

Published 13 Nov, 2025 08:19am

Forex

Yen on back foot as Japan PM touts slow rate hikes, Aussie rises after jobs data

The euro eased 0.1% to $1.1582

Published 13 Nov, 2025 08:15am

Energy

Oil prices tick up after steep losses in previous session

Brent crude futures rose 32 cents to $63.03 a barrel

Published 13 Nov, 2025 05:59am

Companies

CCP approves acquisition of Standpharm by Crest Garments

ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorised the transaction of Standpharm Pakistan...

Published 13 Nov, 2025 05:59am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 3	277.97
USD PKR Interbank Buying / Aug 3	277.77
USD to Japanese Yen / Aug 4	157.69
USD to Swiss Franc / Aug 4	0.81
Pound Sterling to USD / Aug 4	1.34
Euro to USD / Aug 4	1.15
SOFR % / Aug 3	3.65

Stock	Volume
S&P 500 / Aug 3	7,600.50
Nasdaq / Aug 3	25,913.90
Dow Jones / Aug 3	53,178.41
India Sensex / Aug 4	78,658.43
Tokyo Nikkei / Aug 4	63,762.03
Hang Seng / Aug 4	25,826.60
FTSE 100 / Aug 4	10,898.07
Germany DAX 30 / Aug 4	26,252.88
France CAC40 / Aug 4	8,643.35

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 3	18,780
Gold 10 Grams PKR / Aug 3	367,314
Petrol/Litre / Aug 4	331.95
Crude Oil USD/Barrel / Aug 4	81.16
Gold Spot USD/Ounce / Aug 4	4,060.14
Diesel/Litre / Aug 4	389.93
Cotton US¢/pound / Aug 4	82.01

Gainers
Losers
Leaders

Stock	Price
Kohinoor Mills / Aug 4 Kohinoor Mills Limited(KML)	10.31 ▲ 1 (10.74%)
First Elite Cap.Mod / Aug 4 First Elite Capital Modaraba(FECM)	21.87 ▲ 1.99 (10.01%)
Trust Mod. / Aug 4 Trust Modaraba(TRSM)	23.95 ▲ 2.18 (10.01%)
Tri-Star Power / Aug 4 Tri-Star Power Limited(TSPL)	16.82 ▲ 1.53 (10.01%)
786 Invest Ltd / Aug 4 786 Investments Limited(786)	25.97 ▲ 2.36 (10%)
Asim Textile / Aug 4 Asim Textile Mills Limited(ASTM)	46.44 ▲ 4.22 (10%)
Cresent Jute / Aug 4 Crescent Jute Products Limited(CJPL)	26.29 ▲ 2.39 (10%)
East West Ins. / Aug 4 East West Insurance Company Limited(EWIC)	55.02 ▲ 5 (10%)
Shadman Cotton / Aug 4 Shadman Cotton Mills Limited(SHCM)	55 ▲ 5 (10%)
Masood Textile / Aug 4 Masood Textile Mills Limited(MSOT)	153.67 ▲ 13.97 (10%)

Stock	Price
Dadabhoy Cement / Aug 4 Dadabhoy Cement Industries Limited(DBCI)	16.52 ▼ -1.84 (-10.02%)
Aisha Steel(ConPS) / Aug 4 Aisha Steel(ConPS)(ASLPS)	31.55 ▼ -3.51 (-10.01%)
Olympia Mills / Aug 4 Olympia Mills Limited(OML)	120.32 ▼ -13.37 (-10%)
Shahtaj Sugar / Aug 4 Shahtaj Sugar Mills Limited(SHJS)	189.86 ▼ -21.09 (-10%)
Mehmood Tex / Aug 4 Mehmood Textile Mills Limited(MEHT)	169.98 ▼ -18.89 (-10%)
TPL Insurance / Aug 4 TPL Insurance Limited(TPLI)	64.81 ▼ -6.71 (-9.38%)
Asia Ins. / Aug 4 Asia Insurance Company Limited(ASIC)	40.94 ▼ -3.79 (-8.47%)
Tariq Corporation / Aug 4 Tariq Corporation Limited(TCORP)	21.30 ▼ -1.93 (-8.31%)
JS Investments / Aug 4 JS Investments Limited(JSIL)	43.07 ▼ -3.63 (-7.77%)
First Imrooz Mod. / Aug 4 First Imrooz Modaraba(FIMM)	185.36 ▼ -14.64 (-7.32%)

Stock	Volume
Pak Int.Bulk / Aug 4 Pakistan International Bulk Terminal(PIBTL)	89,708,629 ▼ -0.34
Trust Sec.& Brok. / Aug 4 Trust Securities & Brokerage Limited(TSBL)	86,054,121 ▲ 0.08
TPL Properties / Aug 4 TPL Properties Limited(TPLP)	67,239,170 ▲ 0.23
Sui South Gas / Aug 4 Sui Southern Gas Company Limited(SSGC)	34,618,297 ▲ 0.81
Cnergyico PK / Aug 4 Cnergyico PK Limited(CNERGY)	26,068,716 ▼ -0.09
Wasl Mobility Mod. / Aug 4 Wasl Mobility Modaraba(WASL)	25,984,861 ▼ -0.36
Pak Refinery / Aug 4 Pakistan Refinery Limited(PRL)	17,848,982 ▼ -0.72
Hascol Petrol / Aug 4 Hascol Petroleum Limited(HASCOL)	17,709,924 ▲ 0.35
Aisha Steel Mill / Aug 4 Aisha Steel Mills Limited(ASL)	17,663,056 ▲ 0.02
TPL REIT Fund I / Aug 4 TPL REIT Fund I(TPLRF1)	16,449,687 ▼ -0.34

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