Business Recorder

Indian shares trim losses on foreign inflow hopes; IT sinks, oil surges

Indian shares pared some of their intraday losses on Wednesday on reports of likely government measures to stem the rupee’s slide, attract foreign bond investors, and review the long-term capital gains tax. However, a pullback in IT stocks after a…

#OilSurges #IT

Business Recorder

India approves $1 billion fund to help airlines weather fuel cost surge

NEW DELHI: India approved a 100 billion Indian rupee ($1.05 billion) fuel stabilisation fund on Wednesday to help keep jet fuel prices in check for airlines hit by rising costs from the Iran war. The government said the support would be provided a…

#FuelCost #India

Business Recorder

IIFL Finance eyes 7.60% coupon for dollar bond fundraise, sources say

MUMBAI: Indian gold loan financier IIFL Finance has proceeded with its dollar-bond fundraising plan and invited commitments from global investors, with pricing set to be finalised before the end of the week, two sources said on Wednesday. IIFL Fin…

#IIFLFinance #DollarBond

Business Recorder

India set for $2-billion drone order in biggest buy, industry body says

NEW DELHI: India is likely to order more than $2 billion worth of military drones from domestic firms this year in its biggest such purchase, an industry body working with the government told Reuters, as global and regional conflicts boost demand….

#India #Drone

Business Recorder

Rupee records gain against US dollar

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee appreciated against the US dollar in the inter-bank market on Wednesday. At close, the local currency settled at 278.45, a gain of Re0.01 against the greenback. On Tuesd…

#Rupee

Business Recorder

European stocks dip on Mideast tensions, private market jitters

European shares slipped on Wednesday as renewed Middle East hostilities and signs of strain in private markets spooked investors, while Zara owner Inditex gained after reporting a strong start to the summer. The pan-European STOXX 600 index dipped…

#StockMarket #MiddleEast #Economy

Business Recorder

Gold price drops by Rs8,600 per tola in Pakistan

Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market. In the local market, gold price per tola reached Rs467,762 after a decline of Rs8,600 during the day. Similarly, 10-gram gold was sold at Rs401,030…

#GoldPrice #Economy

Business Recorder

Casemiro says not being favourites at World Cup will keep Brazil on their toes

Brazil midfielder Casemiro believes being a “step behind” other World Cup favourites could actually work in the team’s favour when ​the tournament kicks off next week. Brazil, who are looking ‌to win a record-extending sixth World Cup title, find …

#Casemiro #FifaWorldCup2026

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Lukaku returns in style with 90th goal for Belgium

RIJEKA: Romelu Lukaku marked his return to the Belgium side with a record-extending 90th international goal as they beat ​Croatia 2-0 away in their World Cup warm-up friendly on ‌Tuesday. Captain Youri Tielemans took advantage of a defensive slip …

#RomeluLukaku #Belgium

Business Recorder

India set for bumper New Zealand tour later this year

India will undertake the biggest-ever international cricket tour of New Zealand later ​this year, playing two tests, five ‌one-day internationals and five Twenty20 matches against the Black Caps. India will open the tour with ​the T20s in late Oct…

#India #NewZealand #CricketSeries