News Archives for Business & Finance - 2026-07-30

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Business & Finance - 2026-07-30

Markets

MG JW Automobile Pakistan to export locally assembled vehicles to Bangladesh

Company to export 100 locally assembled vehicles to Bangladesh during current year, while total exports projected to reach 5,800 vehicles over next four years

Published 30 Jul, 2026 08:44pm

Business & Finance

SBP-held forex reserves decline by $229mn to $17.03bn

Total liquid foreign exchange reserves stand at $22.44 billion

Published 30 Jul, 2026 08:08pm

Financial

India bonds slip on Fed uncertainty, war worries

Benchmark Indian 6.94% 2036 bond yield settled at 6.8132%

Published 30 Jul, 2026 07:35pm

Stocks

Most Gulf markets ease as hostilities resume between the US and Iran

Saudi Arabia’s benchmark index reversed early losses to finish 0.4% higher

Published 30 Jul, 2026 07:08pm

USA

US economic growth slows in second quarter, missing expectations

Inflation eased to 3.7% in June, yet the Fed held interest rates steady, facing a slowing economy and persistent price pressures

Published 30 Jul, 2026 06:37pm

Companies

Gillette India posts quarterly profit rise on steady demand for grooming products

Revenue rises 10.8% to 7.83 billion rupees, driven by a nearly 9% increase in the firm's grooming segment

Published 30 Jul, 2026 05:57pm

Markets

India's gold tariff hike boosts grey market, hurts organised trade, says WGC

India more than doubles import tariffs to 15% on May 13 to curb demand, reduce the trade deficit and ease pressure on the Indian rupee

Published 30 Jul, 2026 05:54pm

Commodities

Arabica coffee prices climb, boosted by tight supplies

Dealers say supplies appear tight, partly owing to harvest delays in Brazil, with the front month's premium continuing to climb

Published 30 Jul, 2026 05:48pm

Companies

Mahindra plans to double EV capacity as quarterly profit rises

We’re doubling EV production capacity, and that’s going to be a key driver of growth over the next few years,' Anish Shah says

Published 30 Jul, 2026 05:42pm

Companies

Hyundai Motor India posts quarterly profit drop as costs, production disruption weigh

The carmaker shuts down production at one of its plants in Chennai due to a fire at one of its suppliers

Published 30 Jul, 2026 05:29pm

Financial

Bajaj Finance beats profit view on higher loan growth, asset quality boost

Overall assets under management grew 24% from a year earlier, the fastest pace in three quarters

Published 30 Jul, 2026 05:13pm

Markets

Swiggy posts narrower loss as quick commerce arm hits contribution break-even

The Instamart owner reports a consolidated net loss of 7.91 billion Indian rupees ($82.67 million) for the April–June quarter

Published 30 Jul, 2026 05:07pm

Commodities

Asia rice: Tighter supplies, crop concerns push Indian rice export prices higher

India’s 5% broken parboiled variety was quoted at $358 to $364 per metric ton

Published 30 Jul, 2026 04:53pm

Forex

Indian rupee ends nearly flat, wedged between oil swings, RBI intervention

Indian rupee closed at 95.68 per U.S. dollar

Published 30 Jul, 2026 04:38pm

Business & Finance

Lloyd's removes Pakistan from war-risk maritime list

Decision to improve the competitiveness of Pakistani exports and strengthen the confidence of international shipping companies

Published 30 Jul, 2026 04:36pm

Commodities

Copper climbs on relief from softer dollar, thinning stocks

Benchmark three-month copper on the London Metal Exchange was up 1.2% to $13,747.50 per metric ton

Published 30 Jul, 2026 04:36pm

Commodities

Palm gains for second session on firmer crude, rival edible oils

Dalian’s most-active soyoil contract fell 0.18%

Published 30 Jul, 2026 04:33pm

Stocks

Autos lead rise in Indian shares; Fed, oil cap gains

Nifty 50 rose 0.28% to 24,317.15, while the BSE Sensex added 0.35% to 77,928.15

Published 30 Jul, 2026 04:29pm

Money & Banking

Bank of England warns on inflation after freezing rate

BoE holds rates at 3.75% but forecasts inflation will rise again due to the Middle East conflict, potentially peaking at 3.2% later this year

Updated 30 Jul, 2026 06:10pm

Companies

CCP gives nod to BP plc’s Castrol ownership change

BP plc will sell Castrol Group Holdings Limited to Motion JVCo

Published 30 Jul, 2026 04:26pm

South Asia

Two tankers carrying Saudi oil for India exit Red Sea by going 'dark'

The tankers are the first evidence of vessels carrying Saudi crude for India going dark by turning off their transponders

Published 30 Jul, 2026 04:25pm

Companies

India takes action against 90% of inspected high-risk pharmaceutical facilities, regulator says

'We identify gaps, inform manufacturers and give them time depending on the kind of issues and the severity of the impact on medicine quality,' Raghuvanshi says

Published 30 Jul, 2026 04:18pm

Exchange

Rupee registers gain against US dollar

Settles at 277.81 against greenback

Updated 30 Jul, 2026 07:28pm

Currency

Emirates to allow flight bookings paid with crypto

Crypto.com Pay is available to eligible UAE residents

Published 30 Jul, 2026 02:58pm

Markets

Air France-KLM net profit drops on high fuel prices

The Franco-Dutch carrier said its net profit stood at 190 million euros ($217 million)

Published 30 Jul, 2026 01:44pm

Markets

Car maker Stellantis says back in profit in second quarter

The US-French-Italian giant said in a statement it had posted a net profit of 293 million euros ($335 million) from March to June

Published 30 Jul, 2026 01:41pm

Commodities

Gold price per tola up Rs1,000 in Pakistan

International rate of gold gains $10

Updated 30 Jul, 2026 08:03pm

Stocks

ABHI Microfinance Bank plans Rs3bn IPO on PSX: report

Eyes to use IPO funds to strengthen its capital base

Published 30 Jul, 2026 12:40pm

Forex

South African rand steady before producer inflation, budget balance data

The rand traded at 16.6575 against the dollar , a whisker away from its previous close

Published 30 Jul, 2026 12:33pm

Commodities

Soybeans near three-week low, corn falls on US weather outlook

soybeans slid to their lowest in almost three weeks on Thursday

Published 30 Jul, 2026 12:16pm

Stocks

South Korean shares fall for third day on high volatility in chip stocks

The benchmark KOSPI index closed down 69.68 points, or 1.23%, at 5,593.56

Published 30 Jul, 2026 12:12pm

Stocks

Nikkei rises as Advantest's higher profit forecast lifts chip stocks

The Nikkei rose 1.28% to 62,218.41 by the midday break, while the Topix fell 0.29% to 3,962.68

Published 30 Jul, 2026 12:01pm

Stocks

Australian shares retreat as miners lose ground

The S&P/ASX 200 index slipped 0.5% to 8,991.30

Published 30 Jul, 2026 11:59am

Forex

Australia, NZ dollars edge up as Fed faces scepticism By Wayne Cole

The kiwi dollar firmed 0.2% to $0.5806, recovering from an overnight trough of $0.5762

Published 30 Jul, 2026 11:58am

Forex

Thai baht/US dollar weaker on Thursday

The baht was 0.15% lower at 33.48 versus the dollar, after trading in a range of 33.470 to 33.540

Published 30 Jul, 2026 11:57am

Mutual Funds

India bonds slip after Fed hold; focus shifts to domestic cues

The benchmark Indian 6.94% 2036 bond yield traded at 6.8178%

Published 30 Jul, 2026 11:49am

Mutual Funds

JGB yields jump to track US yields higher

The 10-year JGB yield rose 5.5 basis points (bps) to 2.800%

Published 30 Jul, 2026 11:39am

Industry

Pakistan's SMEs call for Africa market access amid Gulf export disruptions

SMEs requested government support for organising business-to-business (B2B) meetings

Published 30 Jul, 2026 11:34am

Commodities

Palm falls on weaker rival oils

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid 13 ringgit, or 0.28%, to 4,651 ringgit ($1,138.56) a metric ton

Published 30 Jul, 2026 11:30am

Markets

Sanofi raises sales outlook on Dupixent strength in boost for new CEO

Sanofi on Thursday raised its full-year sales forecast on the back of strong demand for blockbuster asthma drug Dupixent

Published 30 Jul, 2026 11:28am

Markets

BMW reports second-quarter earnings slump as it cuts jobs

The company on Thursday reported quarterly pre-tax earnings of €1.7 billion

Published 30 Jul, 2026 10:55am

Markets

Adidas raises 2026 sales outlook on strong demand

It now expects currency-neutral revenues to grow between 9% and 10%, compared with a previous guidance for high single-digit growth

Published 30 Jul, 2026 10:51am

Stocks

Volatile trading at PSX, KSE-100 sheds nearly 500 points

Benchmark index settles at 175,547.98

Updated 30 Jul, 2026 06:50pm

Commodities

QatarEnergy-controlled LNG tanker heads to Pakistan after exiting Hormuz, first in nearly three weeks

LSEG data shows it is currently heading to Port Qasim, Pakistan, with an estimated arrival date of July 31

Updated 30 Jul, 2026 07:58pm

Forex

Indian rupee's rally faces test from post-Fed US yield rise; oil worries linger

The Indian rupee is expected ‌to open slightly weaker to flat, having advanced 0.2% to settle at 95.6475 on Wednesday

Published 30 Jul, 2026 08:12am

Markets

Samsung sees chip supply shortages worsening due to AI boom; shares surge 8%

Samsung shares surged 8% and SK Hynix shares rebounded 3% in early trading after the earnings call

Published 30 Jul, 2026 08:07am

Stocks

Indian shares seen muted on Fed rates confusion

India’s GIFT Nifty futures were at 24,209.50

Published 30 Jul, 2026 08:02am

Forex

Dollar steadies as Fed holds rates, US strikes Iran

The dollar index , which measures the greenback's strength against six currencies, nudged up 0.1% to 100.89 after the US said it was conducting air strikes in Iran

Published 30 Jul, 2026 07:58am

Stocks

Asian stocks choppy after rout, Fed leaves markets uncertain on rates

MSCI’s broadest index of Asia-Pacific shares outside Japan rose over 1% in early trading

Published 30 Jul, 2026 07:55am

Energy

Oil falls on Hormuz talks

Brent futures were down $1.42, or 1.56%, at $89.32 a barrel

Updated 30 Jul, 2026 06:57pm

Bullion Rate

Gold edges higher as markets weigh Warsh's inflation message after Fed decision

Spot gold was up 0.4% at $4,080.38 per ounce

Published 30 Jul, 2026 07:45am

Pakistan

Pakistan, Turkiye set to explore cooperation in railways: minister

ISLAMABAD: To expand mutual and regional connectivity, Pakistan and Turkiye are set to explore cooperation in...

Published 30 Jul, 2026 07:43am

Industry

PAAPAM concerned at delay in finalising auto policy

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has expressed deep...

Published 30 Jul, 2026 07:39am

Business & Finance

70 different types: Values on import of mobile phone accessories revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of 70...

Published 30 Jul, 2026 07:27am

World

Cuba opens pharmacies, gas stations to private firms

HAVANA: Cuba on Wednesday moved to open several key crisis-ravaged sectors of its state-run economy to private...

Published 30 Jul, 2026 07:18am

Business & Finance

Pakistan, Kuwait agree to expand economic ties

ISLAMABAD: Pakistan and Kuwait on Wednesday agreed to broaden cooperation in defence, trade, investment, energy,...

Published 30 Jul, 2026 07:12am

Pakistan

PM allows all federal institutions access to Sky47

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed authorities to immediately make the newly established...

Published 30 Jul, 2026 07:10am

Business & Finance

SBP to identify key economic challenges facing Pakistan

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced that it will organise a one-day “National...

Published 30 Jul, 2026 07:09am

Business & Finance

Flaw in proposed bitcoin core code identified

KARACHI: A potential security flaw in proposed Bitcoin Core code was identified by Ameen Alam, a former student and...