India’s benchmark indexes rose on Monday as value buying in heavyweight stocks and a partial rebound in auto shares after last week’s steep drop countered concerns over higher crude prices from the Middle East war. The Nifty 50 rose 1.11% to 23,40…

NEW DELHI: Mounting gas shortages have disrupted operations at some steel plants of India’s top metals conglomerate JSW Group, with one unit facing a potential shutdown in the coming days, according to an internal note seen by Reuters. India, the …

NEW DELHI: India’s merchandise trade deficit narrowed in February as imports eased from a month earlier, though economists have warned that the escalating Middle East crisis could stall shipments and raise costs for the energy-importing country. A…

MUMBAI: India’s JSW Kalinga Steel (JKSL) is set to tap the corporate debt market with its debut shorter-duration bond issue this week, as it seeks to raise as much as 95 billion rupees ($1.03 billion), two merchant bankers said on Monday. The comp…

NEW DELHI: India may ease proposed penalties on wind and solar power producers who fail to meet stricter grid-supply commitments, government minutes showed, after developers warned the changes could hurt revenue and slow clean-energy investment. T…

BEIJING: China stands ready to continue efforts to ease tensions between Pakistan and Afghanistan, Foreign Ministry spokesperson Lin Jian said on Monday. “The most urgent task is to avoid the expansion of the war and return the two countries to th…

The Competition Commission of Pakistan (CCP) has authorised the acquisition of shares of Jura Energy Corporation by IDL Investments Limited from Phoenix Exploration Limited, following a review under the Competition Act, 2010. The transaction invol…

The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Monday. At close, the local currency settled at 279.30 against the greenback. On Friday , the local unit closed at 279.31. Moreover, the dollar held nea…

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh stated that geopolitical instability in the Gulf threatens Pakistan’s export competitiveness, noting that nearly 80% of the country’s crude oil imp…

Foreign Minister of Iran Seyed Abbas Araghchi on Monday thanked Pakistan for expressing full-throated solidarity and support with Iran against US and Israeli aggression. “On this blessed, divine, and spiritual day and hour, I extend my heartfelt g…