News Archives for Business & Finance - 2026-08-31

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Business & Finance - 2026-08-31

Markets

Govt increases petrol price by Re0.77, decreases diesel's by Rs1.03 per litre

New prices will be effective for Tuesday, September 1

Published 31 Aug, 2026 11:24pm

Commodities

Higher food inflation could constrain spending on non-food items, India report says

Higher food inflation in India, linked to El Nino, risks reducing household discretionary spending, impacting economic stability

Published 31 Aug, 2026 08:14pm

Companies

Sony, Warner Music sue Anthropic over songs used in AI training

Sony and Warner sue Anthropic, alleging its Claude AI pirated songs from artists like Taylor Swift for training

Published 31 Aug, 2026 07:46pm

Stocks

Wall St slips as higher oil prices, hawkish Fed bets weigh

Dow Jones Industrial Average fell 350.75 points, or 0.65%, to 53,209.24

Published 31 Aug, 2026 07:41pm

Forex

India's RBI FX forward book hits record $136.7 billion on surging overseas deposits

RBI's record forex forward book and growing reserves underscore its robust strategy to attract dollars and powerfully stabilize the Indian rupee

Published 31 Aug, 2026 07:26pm

Financial

India's state-backed infra fund secures $2bn commitment from global, local investors

Global investors pour billions into India's NIIF, boosting energy, transport, and digital infrastructure

Published 31 Aug, 2026 07:12pm

Stocks

Sri Lankan shares rise on real estate, utilities boost

CSE All-Share Index settled 0.1% higher at 21,338.69 points

Published 31 Aug, 2026 07:06pm

South Asia

India's Fly91 close to ordering at least 20 ATR turboprops, sources say

Fly91's major order for ATR turboprops signals a significant expansion in India's regional aviation, a key market for ATR

Published 31 Aug, 2026 06:52pm

Markets

RBI back to rupee's rescue to counter oil, Fed headwinds; steps into swaps too

The Reserve Bank of India’s intervention helped the currency recover

Published 31 Aug, 2026 06:46pm

Stocks

Gulf bourses slip as Iran-US escalation dents risk appetite

Dubai’s main index fell 0.8%

Published 31 Aug, 2026 06:42pm

South Asia

Sri Lanka's inflation index up 8% year-on-year in August on higher food prices

Sri Lanka's Colombo Consumer Price Index rose 8% in August, reaching a three-year high amidst rising food and energy costs

Published 31 Aug, 2026 06:37pm

Companies

India's GRT Jewellers seeks control of Tribhovandas Bhimji Zaveri in up to $109 million deal

GRT will acquire the stake from the firm’s top shareholders and launch an open offer for an about 26% additional stake

Published 31 Aug, 2026 06:33pm

Money & Banking

Kotak Mahindra Bank recommends two internal candidates for CEO, sources say

Kotak Mahindra Bank recommends Anup Saha and Paritosh Kashyap to the RBI to succeed CEO Ashok Vaswani, whose term ends in 2026

Published 31 Aug, 2026 05:51pm

Stocks

MSCI rejig drives volumes in India stocks amid closing auction-led swings

A major MSCI rebalancing on the NSE tested India's new closing auction system, leading to $4.1 billion in trades and sharp stock swings

Published 31 Aug, 2026 05:17pm

Middle East

Adobe to offer free access to AI tools in Saudi Arabia in $4 billion deal

Adobe provides Saudi citizens free 12-month access to its AI tools, including a culturally aligned image generator for local content

Published 31 Aug, 2026 05:10pm

Financial

Indian firms turn to longer-term debt amid strong demand as yield gap narrows

Indian firms are increasingly issuing long-term debt, with insurers and pension funds driving demand amid a narrowing yield gap

Published 31 Aug, 2026 04:44pm

Exchange

Pakistan rupee registers gain against US dollar

Settles at 277.47 against greenback

Updated 31 Aug, 2026 07:10pm

Stocks

Indian shares slip on global woes; MSCI rejig spurs stock-specific volatility

Nifty 50 fell 0.39% to 24,080.40 points and the BSE Sensex shed 0.4% to 76.957.27

Published 31 Aug, 2026 04:10pm

Forex

India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise

Indian rupee closed 0.2% higher at 95.1625

Published 31 Aug, 2026 04:07pm

Markets

India's April-July fiscal deficit at 26.8% of 2026/27 target

India has set its fiscal deficit target for the financial year 2027 at 4.3% of the GDP, or 16.96 trillion rupees

Published 31 Aug, 2026 04:04pm

Business & Finance

Exporter seeks relief as Pakistan-US shipping costs surge 200% amid Iran war

A container shipment from Karachi to New York that once cost around $2,000 is now being quoted at $8,000 to $9,000

Published 31 Aug, 2026 04:03pm

Commodities

Gold price per tola sheds Rs1,800 in Pakistan

Price of silver increases by Rs67 to reach Rs7,179 per tola

Updated 31 Aug, 2026 05:56pm

Companies

Mughal Energy commissions 31.5MW captive hybrid power turbine

Shares in a notice to the PSX

Published 31 Aug, 2026 02:20pm

Business & Finance

Telecom industry seeks abolition of G2G contracting under PPRA rules

The Telecom Operators Association (TOA) has urged the government to abolish the controversial provision allowing...

Published 31 Aug, 2026 02:09pm

Business & Finance

US-Iran conflict poses risks to Pakistan’s growth, inflation outlook: Aurangzeb

Finance minister noted that the current challenge is not growth but achieving sustainability

Updated 31 Aug, 2026 04:02pm

Companies

Synergy Group wins big with seven accolades at the Dragons of Pakistan 2026 Awards

Synergy Group, Pakistan’s largest integrated marketing communications conglomerate, secured seven wins across...

Updated 31 Aug, 2026 01:53pm

Markets

OpenAI issued warrants worth $5.5 billion in SB Energy, WSJ reports

SoftBank Group and OpenAI are the planned tenants in three SB Energy data centers, the report said

Published 31 Aug, 2026 11:57am

Mutual Funds

Japan 2-year yields rise to 31-year high as auctions, rate hikes loom

The benchmark 10-year JGB yield climbed 1 bp to 2.935%

Published 31 Aug, 2026 11:53am

Business & Finance

PTA imposes Rs38.9mn fine on Jazz over corporate postpaid SIM violations

Jazz faces a significant penalty from the PTA for failing to properly verify and monitor 400 corporate SIMs

Published 31 Aug, 2026 11:52am

Forex

Kiwi braces for RBNZ decision, Aussie tries to steady after setback

The kiwi dollar rose 0.2% to $0.5919, after slipping 0.6% on Friday to finish 1% lower last week

Published 31 Aug, 2026 11:48am

Markets

China's factory activity improves but stays in contraction in August

The official manufacturing purchasing managers' index (PMI) picked up to 49.8 from 49.2 in July

Published 31 Aug, 2026 11:45am

Companies

FIA opens case against Unity Foods over alleged funds misuse

SECP probe finds misuse of funds from a rights issue

Published 31 Aug, 2026 11:39am

Forex

Thai baht/US dollar steady on Monday

The baht was 0.03% lower at 33.14 versus the dollar, after trading in a range of 33.140 to 33.200

Published 31 Aug, 2026 11:37am

Forex

China's yuan firms despite dollar rebound

The onshore yuan changed hands at around 6.7200 per dollar around noon, 0.1% firmer than the previous session’s close

Published 31 Aug, 2026 11:36am

Stocks

Australian shares flat as gold miners' losses offset gains in banks

The S&P/ASX 200 index was largely unchanged at 9,095.40

Published 31 Aug, 2026 11:35am

Stocks

Japan's Nikkei slides nearly 2% following hawkish Fed comments

The benchmark Nikkei 225 fell 1.97% to 65,096.63 in early trading

Published 31 Aug, 2026 11:33am

Stocks

China, Hong Kong stocks fall on weak economic data, new property rules

The blue-chip CSI300 Index was down 0.8% by the midday break

Published 31 Aug, 2026 11:32am

Stocks

South Korean shares track regional losses after Warsh's hawkish remarks

The benchmark KOSPI was down 167.29 points, or 2.46%, at 6,621.59

Published 31 Aug, 2026 11:30am

Mutual Funds

India bonds slump on Fed rate hike bets, benchmark trades at discount

The yield on the benchmark 6.94% 2036 bond was at 6.9480%

Published 31 Aug, 2026 11:28am

Bullion Rate

Gold hits near two-week low on Fed chief's hawkish stance

Spot gold fell 0.8% to $4,417.04 per ounce

Published 31 Aug, 2026 10:43am

Markets

Pak Suzuki makes first export of Japanese-spec mini-vehicles to Brunei

First time for Suzuki to export from an overseas production base model

Published 31 Aug, 2026 10:23am

Markets

PSX: KSE-100 Index falls 721 points amid US-Iran conflict

Concerns over potential Strait of Hormuz disruptions weigh on market sentiment

Updated 31 Aug, 2026 06:46pm

Stocks

Indian shares set for cautious start; MSCI rejig, HDFC Bank in focus

GIFT Nifty futures were at 24,222.5 points

Published 31 Aug, 2026 08:02am

Forex

Rising Fed hike bets pressure Indian rupee, oil worries linger

The Indian rupee is expected to open in the 95.55-95.60 range, per traders, having settled at 95.3775 to the dollar on Friday

Published 31 Aug, 2026 07:58am

Stocks

Shares skid in Asia as oil, yields stay high

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.7%

Published 31 Aug, 2026 07:55am

Forex

Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160

The euro edged up 0.1% to $1.1591, while sterling was little changed at $1.3539

Updated 31 Aug, 2026 04:08pm

Energy

Oil rises over 2% as US and Iran resume military attacks

Brent crude futures were up $2.35, or 2.67%, to $90.45 a barrel

Updated 31 Aug, 2026 07:52pm

Pakistan

Zubair Kundi assumes charge as TESCO chief

PESHAWAR: Muhammad Zubair Khan Kundi has formally assumed charge as the Chief Executive Officer (CEO) of Tribal...

Published 31 Aug, 2026 06:15am

Business & Finance

Advisor, CS KP, World Bank team discuss IT, digital infrastructure

PESHAWAR: Advisor to Chief Minister Khyber Pakhtunkhwa for Finance, Muzamil Aslam, and Chief Secretary Khyber...