Business Recorder

Sri Lanka’s Kusal Mendis leads white ball teams to West Indies

COLOMBO: Sri Lanka’s cricket selectors named Kusal Mendis on Monday as the new captain of both the one-day international and T20 teams for the upcoming tour of the West Indies. Dhananjaya de Silva was retained as Test captain, while Kamindu Mendis…

#KusalMendis #Cricket #SriLanka

Business Recorder

Iran would open Strait of Hormuz 30 days after peace deal, Nikkei reports citing source

The U.S. and Iran are ‌discussing a plan to open the Strait of Hormuz about 30 ​days after the two ​countries reach a deal to ⁠end hostilities, the Nikkei ​newspaper reported on Monday citing a ​Middle East diplomatic source. Iran would proceed to…

#StraitOfHormuz #Diplomacy #USIranPeaceTalks

Business Recorder

High mobile taxes slowing Pakistan’s digital growth, report warns

Pakistan’s heavy taxes on mobile telecom services are slowing digital adoption, discouraging investment and undermining long-term economic growth, according to a new study by Frontier Economics prepared for VEON. The report, titled ‘Unlocking Digi…

#MobileTax #DigitalGrowth

Business Recorder

Trump links Abraham Accords to Iran deal

WASHINGTON: U.S. President Donald Trump said on Monday it should be mandatory for countries including Qatar, Pakistan, Egypt, Jordan and Turkiye to join the Abraham Accords en masse as part of an effort to reach a deal with Iran. Trump said he spo…

#DonaldTrump #AbrahamAccords #Iran

Business Recorder

India’s Pine Labs posts quarterly profit on digital payments boost

Indian fintech firm Pine Labs posted a fourth-quarter profit on Monday, as a continued shift to digital payments drove demand. The Temasek and Peak XV-backed company posted a profit of 593.6 million rupees ($6.23 million) for the quarter ended Mar…

#PineLabs #Economy

Business Recorder

India bars piped natural gas customers from buying LPG cylinders, order shows

NEW DELHI: India has barred piped natural gas customers from buying liquefied petroleum gas (LPG) cylinders with immediate effect, a government order dated Monday showed. India has cut LPG supplies to some industries due to the shortage caused by …

#LPG #India

Business Recorder

Most Gulf markets gain on US-Iran peace hopes

Most stock markets in the Gulf ended higher on Monday as fading geopolitical risks, buoyed by hopes of a U.S.-Iran peace deal, boosted investor appetite. U.S. President Donald Trump announced on Sunday that Washington and Tehran have “largely nego…

#Gulf #US #Iran #Diplomacy

Business Recorder

Sri Lankan shares rise on broad-based sectoral gains

Sri Lankan shares closed higher on Monday, on broad-based sectoral gains led by communication services, healthcare, and real estate stocks. The CSE All Share index settled up 1.98% at 22,364.77. Industrial Asphalts (Ceylon) PLC and Bansei Royal Re…

#SriLanka #Economy

Business Recorder

Target India head says retailer weighing AI tool costs amid shift to usage-based pricing

BENGALURU: Target India head said on Monday that a shift to usage-based AI pricing is pushing the U.S. retailer to look more closely at making costly tools available for its employees. AI firms such as Anthropic and OpenAI are increasingly shiftin…

#India #ArtificialIntelligence

Business Recorder

Iranian officials in Qatar for peace talks, frozen funds: source briefed

DOHA: A high-level Iranian delegation that includes the country’s top negotiator and central bank chief were in Doha on Monday to discuss an agreement with the US and the release of frozen funds, a source briefed on the matter told AFP . “Iran’s P…

#Iran #Qatar #Diplomacy