Business Recorder

Wall Street muted due to Mideast peace deal uncertainty

U.S. stocks were subdued on Wednesday in choppy trading, as investors remained cautious while awaiting progress in Middle East talks. Iran’s state TV said Tehran had obtained a draft framework for an agreement with the U.S. that would restore Stra…

#WallStreet #MideastPeace

Business Recorder

PM Shehbaz extends Eid greetings to military chiefs, lauds armed forces’ sacrifices

Prime Minister Shehbaz Sharif on Wednesday extended Eidul Azha greetings to Chief of Defence Forces and Chief of Army Staff Asim Munir, Chief of Air Staff Zaheer Ahmed Babar and Chief of Naval Staff Naveed Ashraf, paying tribute to the armed force…

#ShehbazSharif #PakArmy

Business Recorder

Youtube says will flag AI-generated content

PARIS: Youtube will in future automatically detect AI-generated content and flag the information to viewers on its platform, the Google-owned company said Wednesday. The move reverses a previous policy of relying on video creators to self-report i…

Business Recorder

Giant Messi statue in India to be removed over safety concerns

KOLKATA: A giant statue of football superstar Lionel Messi erected in India to mark his visit last year is “swaying in the wind” and will be removed, a lawmaker told AFP on Wednesday. Workers have scrambled up the 21-metre (70-foot) golden-coloure…

#Messi #India

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Traders keep focus on oil prices, RBI moves as Indian rupee treads water

MUMBAI: The Indian rupee had a muted Wednesday, with traders keeping an eye on gyrations in oil prices alongside signs of the central bank’s presence in the spot and forward market to support the beleaguered currency. The rupee closed at 95.69 per…

#EconomicVision #India

Business Recorder

Indian shares end flat as HDFC Bank offsets rally in metal stocks

Indian shares ended flat on Wednesday as losses in heavyweight HDFC Bank offset gains in metal stocks, with investors remaining cautious over the shaky U.S.-Iran truce. The benchmark Nifty 50 fell 0.03% to 23,907.15 and the BSE Sensex lost 0.19% t…

#EconomicVision #India

Business Recorder

India seeks proposals for fifth generation combat jets, ANI reports

NEW DELHI: India has sought initial proposals to locally manufacture a fifth generation combat aircraft from three short-listed bidders, news agency ANI reported on Wednesday, citing defence officials. Here are some details: The bidders are Tata A…

#NarendraModi #ArmedForces

Business Recorder

AI to turbocharge patent creation at India tech hubs, executives say

BENGALURU: Global companies expect AI to accelerate the creation of new products and intellectual property at their Indian technology hubs, underlining the country’s growing role as an innovation base even as the futuristic technology reshapes wor…

#India

Business Recorder

IndiGo, Air India cut June-July domestic flights amid high jet fuel prices, sources say

IndiGo and Air India, India’s two largest airlines, have sharply cut their planned domestic flights for June and July, sources familiar with the matter said, as the industry grapples with a rise in jet fuel costs in the wake of the Iran war. IndiG…

#IndiGo #AirIndia #JetFuelPrices

Business Recorder

Iran says draft deal with US would reopen Hormuz shipping, end naval blockade

DUBAI: Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the …

#Iran #US #Hormuz