News Archives for Business & Finance - 2026-04-10

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Business & Finance - 2026-04-10

Business & Finance

Pakistan govt cuts diesel by Rs135, petrol by Rs12 per litre

Relief coming after drop in global oil prices, says PM Shehbaz

Updated 10 Apr, 2026 11:32pm

Companies

Chery Master Pakistan launches Tiggo 7 PHEV as a solution to Pakistan’s fuel crisis

Chery Tiggo 7 PHEV arrives at a defining moment for Pakistan’s mobility landscape. As fuel costs continue to rise...

Updated 10 Apr, 2026 07:27pm

Financial

Iran truce spurs best week for India bonds in over six years

India’s benchmark 6.48% 2035 bond yield fell 22 basis points this week to settle at 6.9119% on Friday

Published 10 Apr, 2026 06:33pm

Stocks

UAE equities gain ahead of US-Iran negotiations

Abu Dhabi's benchmark index edged 0.02% up
Dubai’s main market reversed early losses and closed 0.4% higher

Published 10 Apr, 2026 06:29pm

Financial

India’s central bank proposes 1 trillion Indian rupees asset threshold for upper layer NBFCs

The Reserve Bank of India issued draft rules on how to identify upper layer NBFCs

Published 10 Apr, 2026 06:18pm

Stocks

Sri Lankan shares record best week in more than 15 months

CSE All Share index settled up 1.3% at 22,128.66

Published 10 Apr, 2026 05:43pm

Companies

Dolce & Gabbana co-founder Stefano Gabbana resigns as chair, keeps creative role

The resignations have no impact on the creative activities carried out for the group by Stefano Gabbana

Published 10 Apr, 2026 05:14pm

Technology

TCS falls as rare annual revenue drop dulls quarterly earnings beat, deal wins

It was the third-biggest decliner on the IT index and the benchmark Nifty 50

Published 10 Apr, 2026 05:09pm

Middle East

Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest

Indian carriers are already under financial pressure from higher fuel prices

Published 10 Apr, 2026 05:03pm

Financial

India central bank’s cash withdrawal plan pushes up bond yields, swap rates

The banking system’s liquidity surplus rose to a near four-year high of around 4.5 trillion Indian rupees

Published 10 Apr, 2026 04:57pm

Commodities

Copper drifts to three-week high as investors balance Iran with Chinese demand

Benchmark three-month copper on the London Metal Exchange was up 0.5% at $12,742.50 a metric ton

Published 10 Apr, 2026 04:51pm

Commodities

Palm falls, snapping five-week rally, posts steepest weekly loss in 16 months

Dalian’s most-active soyoil contract rose 0.4%

Published 10 Apr, 2026 04:49pm

Currency

India to push for reporting of offshore Indian rupee trades despite resistance, sources say

The RBI wants lenders to start sharing data on at least 70% of such derivative transactions

Published 10 Apr, 2026 04:46pm

Forex

Indian rupee up for second week as arbitrage position unwinding, US-Iran truce boost sentiment

The currency ended marginally lower for the day after a choppy session that saw it touch a three-week peak of 92.4150 per dollar

Published 10 Apr, 2026 04:41pm

Stocks

Indian shares log best week in over five years as Iran ceasefire eases investor anxiety

Nifty 50 climbed 1.16% to 24,050.6 and the Sensex added 1.2% to 77,550.25

Published 10 Apr, 2026 04:38pm

Exchange

Rupee gains ground against US dollar

Settles at 279.01 against greenback

Updated 10 Apr, 2026 06:53pm

Stocks

European shares edge higher as markets brace for Mideast talks

The pan-European index was up 0.2% at 613.48 points

Published 10 Apr, 2026 02:28pm

Financial

Gold per tola gains Rs3,000 in Pakistan

10-gram gold sold at Rs426,664

Published 10 Apr, 2026 02:26pm

Business & Finance

ADB says Pakistan’s economy stabilising but warns of significant downside risks

Pakistan expected to sustain its economic performance in the medium term, with real gross domestic product (GDP) growth forecast at 3.5%, report

Updated 10 Apr, 2026 05:58pm

Markets

Middle East war: global economic fallout

Stocks rose Friday as investors remained optimistic about the US-Iran ceasefire ahead of planned weekend talks

Published 10 Apr, 2026 12:15pm

Mutual Funds

Japan’s 5-year bond yields touch record high as Iran war drives inflation, stimulus bets

The benchmark 10-year yield advanced 1 bp to 2.4%, nearing the 27-year high of 2.43% touched earlier in the week

Published 10 Apr, 2026 11:57am

Technology

Chinese startup ShengShu raises $293 million to advance artificial general intelligence

The company did not provide a timeline for when such a system would be commercially available

Published 10 Apr, 2026 11:41am

Markets

TSMC’s Q1 revenue jumps 35% y/y, beats market forecasts

January-March revenue of T$1.134 billion compared with T$839.3 billion in the year ago period

Published 10 Apr, 2026 11:40am

Forex

South African rand slips in early trade; US-Iran talks in focus

The rand traded at 16.42 against the dollar , about 0.1% weaker than its previous close

Published 10 Apr, 2026 11:38am

Commodities

Palm slips on fears output may outpace demand

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 17 ringgit

Published 10 Apr, 2026 11:37am

Commodities

Copper edges up amid fragile US-Iran ceasefire

The benchmark three-month copper on the London Metal Exchange rose 0.29% to $12,718.50 a metric ton

Published 10 Apr, 2026 11:21am

Commodities

Malaysia’s March palm oil stocks fell 16.14% m/m: MPOB

Crude palm oil production gained 7.21% in March from February to 1.38 million tons

Published 10 Apr, 2026 11:20am

Commodities

Uganda coffee exports rise 17% in February on higher production

The east African country is Africa’s largest exporter of the commodity followed by Ethiopia

Published 10 Apr, 2026 11:19am

Stocks

China, Hong Kong stocks gain on signs of end to industrial deflation

Hong Kong's benchmark Hang Seng Index advanced 0.6%, while tech shares climbed 1.06%

Published 10 Apr, 2026 11:16am

Stocks

South Korean shares set for best week in over 17 years on US-Iran ceasefire optimism

The benchmark KOSPI was up 118.34 points, or 2.05%, at 5,896.35

Published 10 Apr, 2026 11:15am

Forex

Australia, NZ dollars hold onto relief rally gains, war risks loom

The Aussie was off a shade at $0.7075, having risen 0.6% overnight to a three-week top of $0.70945

Published 10 Apr, 2026 11:12am

Commodities

Wheat faces biggest weekly drop in eight months on higher inventories

Corn was set for a fourth consecutive weekly loss on ample supplies, while soybeans inched higher

Published 10 Apr, 2026 11:09am

Stocks

Japan’s Nikkei jumps as oil stabilises before Iran talks; Fast Retailing surges

The broader Topix edged up just 0.05% to 3,743.17

Published 10 Apr, 2026 11:08am

Stocks

Australian shares edge lower as miners retreat, markets await Middle East talks

The S&P/ASX 200 index fell 0.5% to 8,929.10

Published 10 Apr, 2026 11:06am

Mutual Funds

Debt auction adds fresh pain to India bonds hit by oil prices

The benchmark 6.48% 2035 bond yield will likely trade in the 6.95%-6.99% range until the debt auction later in the day

Published 10 Apr, 2026 10:39am

Forex

Thai baht/US dollar weaker on Friday

The baht was 0.47% lower at 32.14 versus the dollar, after trading in a range of 32.040 to 32.185

Published 10 Apr, 2026 10:37am

Bullion Rate

Gold set for third weekly gain as US rate outlook offsets dollar strength

Spot gold was down 0.1% at $4,759.54 per ounce
US gold futures for June delivery fell 0.7% to $4,782.70

Published 10 Apr, 2026 10:17am

Technology

Pakistan’s Supernet secures multi-million-dollar cybersecurity contract from major bank

Project includes the implementation of endpoint security systems designed to protect more than 10,000 employees nationwide, addressing one of the most critical areas of cyber risk for financial institutions

Published 10 Apr, 2026 10:11am

Stocks

KSE-100 Index gains 1% amid optimism over Iran-US peace talks

Benchmark index settles at 167,191.37

Updated 10 Apr, 2026 07:45pm

Forex

Indian rupee to contend with fading RBI rule-linked flows, costly oil

The rupee is expected to open largely flat, having settled at 92.6575 per dollar on Thursday

Published 10 Apr, 2026 08:14am

Companies

Employer of the Year Awards 2025: ARL secures gold position

ISLAMABAD: Attock Refinery Limited (ARL), a leading name in Pakistan’s oil refining sector, has secured the Gold...

Published 10 Apr, 2026 08:11am

Pakistan

Domestic oil, gas firms commend govt’s diplomatic initiatives

ISLAMABAD: Domestic oil and gas firms have commended the present government’s diplomatic initiatives, which have...

Published 10 Apr, 2026 08:09am

Stocks

Indian shares set to open higher after upbeat TCS earnings

GIFT Nifty futures were trading at 23,909.50

Published 10 Apr, 2026 07:55am

Business & Finance

Pakistan, Ethiopia to explore trilateral maritime alliance involving Djibouti

ISLAMABAD: Pakistan and Ethiopia have agreed to explore the establishment of a trilateral maritime alliance,...

Published 10 Apr, 2026 07:53am

Stocks

Stocks shaky as Israeli attacks on Lebanon tests Iran ceasefire

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5%

Published 10 Apr, 2026 07:51am

Industry

PCDMA, Ecommerce Gateway to hold industry expo in May

KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) and Ecommerce Gateway Pakistan have signed a...

Published 10 Apr, 2026 07:51am

Companies

JazzCash CEO Murtaza Ali named to jury of The Money Awards

ISLAMABAD: Murtaza Ali, Chief Ex-ecutive Officer of JazzCash, Pakistan’s leading digital financial services platform...

Published 10 Apr, 2026 07:49am

Energy

Oil edges up on Saudi supply concerns but set for steepest weekly loss since June

Brent crude futures were up 40 cents, or 0.4%, at $96.32 a barrel

Updated 11 Apr, 2026 12:00am

Companies

MG Motors expands ‘Start Smart Campaign’

LAHORE: In line with the governments sustainability policies, MG Motors has extended its Start Smart Campaign to...

Published 10 Apr, 2026 07:34am

Business & Finance

Punjab’s AI office, BoP sign MoU

LAHORE: The Punjab government’s office of the Artificial Intelligence (AI) and the Bank of Punjab on Thursday signed...

Published 10 Apr, 2026 07:15am

Industry

‘Made in Gujranwala Expo’ begins today: Over 100 cos to showcase wide range of local products

KARACHI: The first-ever “Made in Gujranwala Expo” is set to kick off today (Friday) at the Karachi Expo Center,...

Published 10 Apr, 2026 07:07am

Companies

U Bank accelerates digital transformation with Temenos & Systems Ltd

KARACHI: U Microfinance Bank (U Bank), a wholly owned subsidiary of Pakistan Telecommunication Company Limited...

Published 10 Apr, 2026 07:01am

Taxes

FTO directs FBR to settle 2023 refund claim, bars coercive recovery before decision

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately decide a...

Published 10 Apr, 2026 06:56am

Pakistan

Lanjar informs business community: Operations against land mafias will be accelerated

KARACHI: A significant development has been made under the chairmanship of Sindh Home Minister Zia-ul-Hassan Lanjar...

Published 10 Apr, 2026 06:54am

Business & Finance

Iran war doubles Russia’s main oil revenue to USD9bn in April

MOSCOW: Russia will see revenue from its biggest single oil tax double to USD9 billion in April due to the oil and...