The most valuable firm in India, Reliance Industries Ltd. (RELI.NS), reported a wider-than-anticipated decline in first-quarter profit on Friday as poor demand and declining refining margins damaged its main sector. Despite its ambitious development into retail, telecom, and green energy, Reliance’s oil-to-chemicals industry remains its primary growth engine that drivesRead More →
The benchmark KSE-100 index for the Pakistan Stock Exchange (PSX) rose more than 600 points on Friday and surpassed the 46,000 level. At 3:46 p.m., the index had risen 675.30 points, or 6.07 percent, from its previous closing of 45,398.31. Director of Arif Habib Corporation Ahsan Mehanti claimed that theRead More →
The Dow was on course for its tenth straight day of gains as Wall Street’s major indexes opened higher on Friday. Megacap growth and technology firms also made gains after suffering significant losses the previous session. At the opening bell, the Dow Jones Industrial Average (.DJI) increased by 49.14 points,Read More →
According to individuals with knowledge of the situation, a number of multinational organisations are competing to acquire TUA Assicurazioni from Generali (GASI.MI), as Italy’s biggest insurer looks to streamline assets inherited in a purchase in 2021. The sources estimate that the 2003-founded non-life company TUA Assicurazioni is worth about 300Read More →
According to a representative for the Karachi Port Trust, a second shipment of crude oil from Russia is expected to arrive in Pakistan tomorrow. The ship, “Clyde Noble,” will transport 55,000 metric tonnes of crude oil. On June 11, the first Russian crude oil ship arrived in Pakistan with 45,000Read More →
According to Santo Ficili, the group’s head for Italy, Stellantis (STLAM.MI), a contract has been agreed with Italian dealers to assist the automaker in delivering automobiles during a period of protracted logistical disruption in Europe. According to the agreement, which was reached six months ago, dealers pick up automobiles directlyRead More →
The staff-level agreement between Pakistan and the International Monetary Fund (IMF) is anticipated to be signed on Tuesday. According to sources with direct knowledge of the situation, the negotiations with the international lender are now in their final phases, and all conditions are no longer in a state of deadlock.Read More →
More than a dozen current and former staff members of the Indian edtech startup Byju’s told Reuters that this week’s new issues have increased anxieties among employees who were already uncertain about their futures as a result of earlier rounds of job reductions. On Thursday, three significant board members andRead More →
ISLAMABAD: Finance Minister Ishaq Dar on Monday emphasised the need to strengthen bilateral ties with China with a focus on the economy, trade, and financial sectors in the midst of the country’s current financial crisis. He said this while speaking with Pang Chunxue, the Chinese embassy’s charge d’affaires, who hadRead More →
LAHORE (Web Desk)- Hamid Zaman, the chairman of the All Pakistan Textile Mills Association (APTMA) North Zone, has expressed concern about widespread closures and layoffs of textile workers due to the Regionally Competitive Energy Tariff (RCET), which sets petrol prices for the export sector at $9/MMbtu and electricity at 9Read More →
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