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

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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

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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

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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

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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

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Ministry urges tax relief extension for telecom sector

The Ministry of Information Technology and Telecommunication (MoITT) has proposed a comprehensive package of fiscal incentives for the telecom sector, including exemption from withholding tax, reduction in import duties on telecom equipment and lo…

#TelecomSector #TaxRelief

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Fire in Delhi hotel kills at least 21, police say

NEW DELHI: At least 21 people were killed in a fire ​at a hotel in Delhi on Wednesday, ‌police said, in one of the worst such incidents in the national capital in recent ​years. The hotel was located in Malviya ​Nagar in south Delhi, they said, a …

#Delhi #Accidents

Business Recorder

OECD cuts 2026 global growth forecasts over Mideast war fallout

PARIS: The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday. Global economic growth is now forecast to slip to 2.8 per…

#OECD #EconomicCrisis