Business Recorder

Indian airline IndiGo posts quarterly loss on capacity curbs, declining Indian rupee

Indian budget carrier IndiGo reported a fourth-quarter loss on Friday as the country’s top airline struggled with domestic capacity, a declining rupee and soaring fuel prices. The airline posted a loss of 26.62 billion rupees ($280.2 million) for …

#IndiGo #IndianRupee

Business Recorder

Copper slips after strong month as lack of news on Iran deal curbs upswing

LONDON: Copper prices edged lower on Friday as investors waited for more news about a potential deal to extend a ceasefire in Iran and as the dollar firmed. Three-month copper on the London Metal Exchange was down 0.1% at $13,690 a metric ton by 0…

#Copper #IranDeal

Business Recorder

Palm oil books a second straight weekly gain

JAKARTA: Malaysian palm oil futures reversed gains and closed lower on Friday, although they stillbooked their second straight weekly gain, up 1.09% for the week. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivative…

#PalmOil

Business Recorder

Indian rupee soars to best day in nearly two months as central bank steps in, oil drops

MUMBAI: The Indian rupee jumped sharply on Friday to log its best single-day gain in nearly two months as likely intervention by the central bank converged with a drop in oil prices, which also briefly lifted the local currency above the 95/USD ma…

#IndianRupee #OilPrices

Business Recorder

Pakistan’s iTANZ eyes $45mn tech opportunities through China partnerships

Pakistan-based iTANZ Technologies Limited has signed Memorandums of Understanding (MoUs) with three Chinese technology firms for potential collaborations valued at around $45 million, i.e. approximately Rs12.5 billion, aiming to strengthen coopera…

#iTANZ #China

Business Recorder

Indian equity benchmarks log monthly losses on Iran war jitters

India’s equity benchmarks fell on Friday, posting a monthly drop as uncertainty over a U.S.-Iran peace deal prompted investors to lock in gains after the previous month’s strong rally. The Nifty 50 fell 1.5% to 23,547.75and the BSE Sensex shed 1.4…

#IndianEquity #IranWar

Business Recorder

Rupee registers gain against US dollar

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 278.50, a gain of Re0.01 against the greenback. On…

#Rupee #USDollar

Business Recorder

FBR offices to remain open on weekend

The Federal Board of Revenue (FBR) directed on Friday all Large Taxpayers’ Offices (LTOs), Medium Taxpayers’ Offices (MTOs), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs) to remain open on Saturday and Sunday. The directions were pa…

#FBR

Business Recorder

Gold price drops by Rs500 per tola in Pakistan

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs474,862 after a decline of Rs500 during the day. Similarly, 10-gram gold was sold at Rs407,117 afte…

#GoldPrice

Business Recorder

EU chief says Russia ‘crossed yet another line’ with Romania drone hit

BRUSSELS: EU chief Ursula von der Leyen said Friday that Russia’s “war of aggression has crossed yet another line” after a drone hit a building in Romania, an EU member state neighbouring Ukraine. NATO member Romania says Russian drone hit block o…

#Russia #Romania