News Archives for Business & Finance - 2026-04-24

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Business & Finance - 2026-04-24

Pakistan

Pakistan govt hikes petrol, diesel prices by Rs26.77 per litre

New prices come into effect from midnight

Published 24 Apr, 2026 11:30pm

Markets

India's Reliance seen posting quarterly profit fall on crude price surge

The company’s consolidated net profit is expected to fall 3.7% year-over-year

Published 24 Apr, 2026 07:41pm

Markets

India's central bank cancels Paytm Payments Bank licence

The RBI says it would make an application for winding up of the bank before the high court

Published 24 Apr, 2026 07:36pm

Companies

DIB Pakistan, Pocket Money unlock seamless USD inflows for home remittances, freelancers

DIB Pakistan and Pocket Money have entered a strategic partnership to enable seamless US Dollar-to-Rupee cashouts...

Published 24 Apr, 2026 07:34pm

Stocks

Sri Lanka shares end flat, log weekly loss

CSE All Share index settled flat at 22,567.63

Published 24 Apr, 2026 06:03pm

Commodities

Copper drifts lower as Iran-US standoff continues

Benchmark three-month copper on the LME slipped 0.5% to $13,290 a metric ton

Published 24 Apr, 2026 05:54pm

Markets

India's markets regulator proposes to tighten variable net worth norms for brokers

Additional net worth requirements of 5 million Indian rupees for brokers with more than 10,000 direct active clients

Published 24 Apr, 2026 05:51pm

Stocks

UAE stocks rise on robust corporate earnings

Dubai’s main index gained 0.7%

Published 24 Apr, 2026 05:47pm

Financial

World Bank's IFC targets $10bn in annual investments in India by 2030

IFC has backed companies in India across sectors from banking and housing finance

Published 24 Apr, 2026 05:42pm

South Asia

Indian court extends detention of aviation official, Reliance exec in bribery case

Agreeing to a $16,000 bribe to clear drone import applications by Asteria Aerospace

Published 24 Apr, 2026 05:35pm

Stocks

High oil prices and weak IT forecasts drag Indian shares to weekly losses

Nifty 50 fell 1.14% to 23,897.95, and the BSE Sensex shed 1.27% to 76,681.29

Published 24 Apr, 2026 05:28pm

Financial

India's Shriram Finance beats profit forecasts, crosses 3 trillion Indian rupees in AUM

The non-bank lender’s profit rose 41% to 30.14 billion Indian rupees

Published 24 Apr, 2026 05:18pm

Energy

Urals crude prices at Russian ports slip below $100 per barrel

The average Urals price from the start of the year to April 24 was $65 per barrel

Published 24 Apr, 2026 04:54pm

Money & Banking

India's IndusInd Bank beats quarterly profit view on lower provisions

IndusInd’s provisions and contingencies declined 38.6% year-on-year

Published 24 Apr, 2026 04:50pm

Financial

India sells 30-year green debt at 'greenium' last seen 3 years ago

The Reserve Bank of India sold the 30-year green bond at a 7.50% coupon

Published 24 Apr, 2026 04:45pm

Companies

Indian IT firms near-term outlook muted as clients cut spending, AI risks mount

India's top five IT firms are expected to post muted revenue growth of about 3%-4% in the near term

Published 24 Apr, 2026 04:42pm

Forex

Indian rupee logs steepest weekly drop in over three years as Iran war worries resurface

Indian rupee closed at 94.2475 on Friday

Published 24 Apr, 2026 04:33pm

Industry

FPCCI, Guangzhou Chamber sign MoU; B2B Investment Conference set for Lahore in May

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Guangzhou Chamber of Commerce &...

Published 24 Apr, 2026 04:32pm

Exchange

Rupee inches up against US dollar

Settles at 278.85

Updated 24 Apr, 2026 08:36pm

Commodities

Gold price per tola drops by Rs2,900 per tola in Pakistan

International rate of gold declines by $29 to reach $4,685 per ounce

Updated 24 Apr, 2026 05:39pm

SPONSORED: Master Changan Motors secures four prestigious global awards at Changan Global Partner Conference 2026

Companies

IEA sees 'tight' liquefied natural gas markets through 2027

It said nearly 20 percent of LNG supply has been lost due to the conflict, and warned that new investments to increase production are likely to be delayed

Published 24 Apr, 2026 01:51pm

Companies

From gold to FX to indices: how traders can build a cross-asset routine for uncertain markets

The relationships between asset classes are not broken. They are just less reliable than most assume. The first...

Published 24 Apr, 2026 01:17pm

Business & Finance

Circular debt plan: OGDC receives 10th interest payment

Oil and Gas Development Company Limited (OGDCL) said on Friday it had received Rs7.725 billion from Power Holding...

Published 24 Apr, 2026 01:15pm

Markets

Mitsubishi Motors recalls over 108,000 vehicles in the US over liftgate issue

The recall affects some of ‌the ⁠company’s Outlander and Outlander hybrid SUVs, NHTSA said

Published 24 Apr, 2026 12:37pm

Markets

SBP seen holding rates as oil shock splits analysts

The SBP has cut rates by a cumulative 1,150 bps since June 2024

Published 24 Apr, 2026 12:22pm

Money & Banking

Market experts expect status quo in upcoming MPC amid global uncertainty

Market analysts expect the State Bank of Pakistan (SBP) to keep the policy rate unchanged at 10.5% in its upcoming...

Updated 24 Apr, 2026 04:00pm

Markets

China's Jetour aims to more than triple car sales to 2 million units by 2030

Last year Jetour’s sales rose almost 11% to 620,000 vehicles, with about 40% from overseas markets, Ke said

Published 24 Apr, 2026 11:35am

Markets

Iran war hits Asia's polyester suppliers to global fast fashion

Filatex, one of India’s biggest polyester yarn producers, is paying nearly 30% more for the petroleum-derived feedstocks

Published 24 Apr, 2026 11:31am

Mutual Funds

Japanese government bonds fall as BOJ meeting, inflation risks loom

The benchmark 10-year JGB yield rose 1.5 basis points (bps) to 2.435%, the highest since April 14

Published 24 Apr, 2026 11:21am

Mutual Funds

India bonds set to extend declines as oil rises more, fresh debt supply looms

India's benchmark 6.48% 2035 bond yield is expected to drift in a 6.92%-6.98% range

Published 24 Apr, 2026 11:19am

Forex

Thai baht/US dollar steady on Friday

The baht was 0.02% higher at 32.445 versus the dollar, after trading in a range of 32.440 to 32.490

Published 24 Apr, 2026 11:16am

Commodities

Wheat poised for second weekly gain on concerns over dry US conditions

The most-active wheat contract on the CBOT was up 0.08% at $6.20-3/4 a bushel,

Published 24 Apr, 2026 11:14am

Stocks

Japan's Nikkei rises as tech earnings overshadow Mideast concerns

The benchmark Nikkei 225 Index rose 0.47% to 59,416.49

Published 24 Apr, 2026 11:11am

Forex

Australia, NZ dollars set for weekly loss as oil jumps, stocks fall

The kiwi was also steady at $0.5856, having skidded 0.9% overnight to as low as $0.5840

Published 24 Apr, 2026 11:08am

Stocks

Australian shares drop as uncertainty over Mideast weighs; Suncorp surges

The S&P/ASX 200 index dropped 0.2% to 8,775

Published 24 Apr, 2026 11:03am

Commodities

Malaysian crude palm oil prices to stay above $1,134 in near term, MPOC says

Palm oil prices are expected to stay above 4,500 ringgit ($1,134) per metric ton

Published 24 Apr, 2026 10:59am

Markets

Stock markets are too high and set to fall, BOE deputy governor tells BBC

'There’s a lot of risk out there and yet asset prices are at all-time highs,' Breeden told the BBC

Published 24 Apr, 2026 10:55am

Stocks

KSE-100 ends higher as Iran delegation news triggers late rally

Benchmark index settles at 170,672.04

Updated 24 Apr, 2026 07:59pm

Forex

Pakistan completes $3.45bn UAE repayment: SBP

Deposits of $2.45 billion were repaid last week

Updated 24 Apr, 2026 03:53pm

Bullion Rate

Gold set for weekly drop as higher oil prices stoke inflation fears

*Spot gold was down 0.1% at $4,686.29 per ounce

Published 24 Apr, 2026 08:09am

Forex

Indian rupee faces more pressure on rising Mideast tensions; oil at 2-week high

The rupee is expected to open weaker in the 94.20–94.25 range, traders said

Published 24 Apr, 2026 08:06am

Stocks

Asia shares mixed, oil advances on US-Iran deadlock

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3% and was set to end ‌the week with a 0.8% gain

Published 24 Apr, 2026 07:49am

Stocks

Indian shares seen muted on higher oil prices, weak Infosys forecast

GIFT Nifty futures were trading at 24,237 points

Published 24 Apr, 2026 07:45am

Forex

Dollar set for weekly gain on stalled US-Iran talks and Middle East uncertainty

The yen was on track for a fifth straight day of losses against the dollar, weakening 0.03% to 159.77 per dollar

Published 24 Apr, 2026 07:42am

Energy

Oil turns negative as source says Iran-US peace talks likely

Brent crude futures were down 79 cents, or 0.8%, at $104.28
US WTI futures fell 95 cents or 1% to $94.90

Updated 24 Apr, 2026 06:00pm

Companies

PSMC begins exporting Suzuki Cultus parts to Thailand

ISLAMABAD: Pak Suzuki Motor Company Limited (PSMC) on Thursday announced that it has successfully begun exporting...

Published 24 Apr, 2026 06:30am

Business & Finance

Ports handle 179,335 MT of cargoes in busy Thursday operations

KARACHI: Amid escalating tensions over control of the Strait of Hormuz and uncertainty about peace talks between...

Updated 24 Apr, 2026 09:27am

Business & Finance

Digital payments gaining momentum

KARACHI: Digital payments are gaining momentum in the country, with monthly card spending by Meezan Bank alone...