Business Recorder

Nadal opens up about painful battle with career-threatening foot injury

Rafael Nadal, winner of 22 Grand Slams and one of the ‘Big Three’ along with Roger Federer and Novak Djokovic who ruled tennis for two decades, spent most of his career in pain as he willed himself to play through a chronic foot injury. The Spania…

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Iran’s Qalibaf says Tehran has no trust in words, will judge by actions

Iran’s top negotiator Mohammad Baqer Qalibaf said on Friday in a post on X that Tehran does not trust guarantees and words, and would judge by actions, adding that Iran would not act unless the other side did first. Iran’s Qalibaf says no expectat…

#MohammadBagherQalibaf #IRGC

Business Recorder

India insurers seek doubling of tax-free limit for some products to boost inflows, sources say

MUMBAI: Indian life insurers have asked the government to double the tax-free limit for insurance policies from 500,000 rupees ($5,232), hoping for a boost to inflows into these funds, three sources directly aware of the matter said. New tax limit…

#India

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India’s RBI plans expansion of digital rupee through welfare schemes, cross border payments

MUMBAI: The Reserve Bank of India is planning to expand the digital rupee to more applications in welfare payments and test its use in cross-border transactions, it said in its 2025-26 annual report on Friday. The move comes as India seeks to broa…

#DigitalRupee #RBI

Business Recorder

Understanding modern drivers of hypertension in urban Pakistan

Every May 17th, the world observes ‘World Hypertension Day’. Yet in the urban centers of Pakistan like Karachi, Lahore, Islamabad, and Rawalpindi, we need a dedicated calendar date to feel the weight of this crisis. Hypertension is no longer a con…

#Hypertension #PublicHealth

Business Recorder

Sri Lankan shares rise on gains across sectors

Sri Lankan shares closed higher on Friday, as broad-based sectoral gains lifted stocks. The CSE All Share index settled up 0.5% at 22,310.80, closing the week higher. Industrial Asphalts (Ceylon) PLC and Sathosa Motors PLC were the top percentage …

#SriLanka #Economy

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Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources say

NEW DELHI/SINGAPORE: State refiner Indian Oil Corp (IOC) bought 5 million barrels of crude oil from West Africa and Middle East via a tender this week, trade sources said on Friday. IOC purchased Angola’s Kissanje and Nemba crude for delivery to i…

#OilPrices #IndianOil

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Eleven children killed, injured every 24 hours in Lebanon, UN says

GENEVA: Eleven children have been killed or injured on average every 24 hours in Lebanon over the last week, the U.N.‘s children’s agency said on Friday, as Israel has expanded strikes across the country despite a ceasefire. Heavy Israeli strikes …

#UN

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India’s forex reserves fall to over one-year low as central bank mounts Indian rupee defence

MUMBAI: India’s foreign exchange reserves fell to a more than one-year low of $681.4 billion in the week ended May 22, from $688.89 billion a week earlier, the Reserve Bank of India (RBI) data showed on Friday. The $7.5 billion decline was largely…

#Economy

Business Recorder

India’s maritime lender set to launch country’s first blue bond, top exec says

MUMBAI: India’s Sagarmala Finance Corporation is set to issue the country’s first ‘blue bond’, as it looks to diversify funding sources to lend towards developing maritime and coastal infrastructure, a top executive told Reuters on Friday. A blue …

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