Business Recorder

India’s TCS chair says AI agents may equal headcount, dampen hiring

BENGALURU: India’s largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran sa…

#AI #TCS

Business Recorder

JGBs rally on report Bank of Japan to consider pausing bond-buying taper

TOKYO: Japanese government bonds rallied on Tuesday, reversing earlier declines, following a report that the central bank will consider pausing a reduction in its regular debt purchases next year. The benchmark 10-year JGB yield fell 5 basis point…

#JGBs #BankOfJapan #OilPrices

Business Recorder

Gold rises on weaker oil; inflation, rate outlook in focus

Gold prices firmed on Tuesday, supported by softer oil prices following a fragile Israel-Iran truce, while focus was also on inflation and interest rate hike risks. Spot gold was up 0.4% at $4,345.71 per ounce, as of 0602 GMT. In the previous sess…

#GoldPrices #OilPrices

Business Recorder

Govt ‘likely’ to present FY2026-27 budget on Friday, says minister

The government is ‘likely’ to announce the federal budget for the fiscal year 2026-27 in the parliament on June 12 (Friday), said Parliamentary Affairs Minister Tariq Fazal Chaudhry on Tuesday. In a post on the social media platform X, the ministe…

#FederalBudget #Budget2026

Business Recorder

‘We won’t sit Idle’: Pakistan vows self-defence against terrorist attacks from Afghanistan

Pakistan has told the UN Security Council that the Tehreek-i-Taliban Pakistan (TTP) and other terror factions continue to operate with impunity from Afghan soil, warning that Islamabad would respond to any attacks in self-defence whenever needed. …

#Defense #CounterTerrorism

Business Recorder

South Korean shares rebound more than 8% as chipmakers jump

SEOUL: Round-up of South Korean financial markets: South Korean shares rebounded sharply on Tuesday, recovering after the previous session’s steep losses, as investors snapped up beaten-down technology stocks following the market’s sharpest one-da…

#StockMarket #SouthKorea

Business Recorder

Japan rubber futures fall on higher supply expectation, weaker yen curbs downside

Japanese rubber futures fell for a second straight session on Tuesday on expectation of higher supply, though a weaker yen limited the downside. The Osaka Exchange (OSE) rubber contract for November delivery slipped 0.7 yen, or 0.16%, to close at …

#Economy #JapanMarket

Business Recorder

India explores Russian coking coal assets, more nickel supplies, sources say

NEW DELHI/MOSCOW: India’s state-owned Steel Authority of India (SAIL) and NMDC Ltd are exploring acquisitions of coking coal assets in Russia as New Delhi seeks to secure supplies of critical raw materials, Indian sources said. The world’s biggest…

#India #Economy

Business Recorder

Saudi contractor MGC calls off up to $800 million IPO despite strong demand

DUBAI: Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Company has decided not to proceed with a planned initial public offering in Riyadh, an adviser said on Tuesday, in a deal that could have raised up to around $800 million and been one of the fi…

#IPO #SaudiEconomy

Business Recorder

CDF Munir vows to expand defence collaboration with Lebanese Armed Forces

Chief of Army Staff and Chief of Defence Forces (CDF) Field Marshal Syed Asim Munir has underscored Pakistan Army’s commitment to expanding defence collaboration with the Lebanese Armed Forces, the military’s media wing said. He made the remarks d…

#AsimMunir #Lebanon #Defense