Business Recorder

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

Business Recorder

Iran says US, Israel goal still to overthrow Islamic republic

TEHRAN: Iran’s intelligence ministry said on Wednesday that the goal of the United States and Israel remained to overthrow the Islamic republic and break up the country. “The enemy is now pursuing through other means the objective of overthrowing …

#Iran #US #Israel

Business Recorder

Trump Board of Peace’s official Gaza fund is empty

WASHINGTON: US President Donald Trump’s Board of Peace has no cash in its official Gaza reconstruction fund, despite member countries pledging billions of dollars, a source familiar with the board told AFP on Wednesday. Trump first conceived of th…

#Trump #Gaza

Business Recorder

Pakistan, Colombia agree to deepen cooperation across key sectors

Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar held a meeting with Colombian Foreign Minister Rosa Yolanda Villavicencio in New York, where the two sides discussed expanding bilateral cooperation in multiple sectors, including trade…

#Colombia #Friendship

Business Recorder

CDF Munir celebrates Eid with troops in Balochistan, vows action against terrorism

Chief of Defense Forces (CDF) Field Marshal Syed Asim Munir visited Zhob district in Balochistan on Wednesday to celebrate Eid-ul-Adha with frontline troops deployed along Pakistan’s western frontiers, the military’s media wing said. According to …

#AsimMunir #Balochistan #PakArmy