Business Recorder

India says fire reported on oil tanker with 24 Indian sailors, all crew safe

NEW DELHI: India’s shipping ministry said on Monday that a fire was reported on an oil tanker, Marivex, off the coast of Oman with 24 Indian sailors on board, adding that all of them were safe. The Madagascar-flagged vessel was not carrying cargo,…

#India #OilTanker #CrewSafety

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Wahdat Poultry purchases 100,000 birds through IPO proceeds

Wahdat Poultry Farm Limited has commenced the rearing of an additional flock of 100,000 layer birds using proceeds raised through its recent initial public offering (IPO). “Wahdat Poultry Farm Limited hereby informs that the company has commenced …

#WahdatPoultry #IPO #Economy

Business Recorder

Rupee records gain against US dollar

The Pakistani rupee appreciated against the US dollar in the inter-bank market on Monday. At close, the local currency settled at 278.40, a gain of Re0.01 against the greenback. On Friday , the local unit closed at 278.41. Meanwhile, the US dollar…

#Rupee #USD

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Bangladesh seek ODI upset against depleted Australia

DHAKA: Bangladesh want to seize a rare opportunity against a depleted Australia, captain Mehidy Hasan Miraz said on Monday on the eve of a three-match ODI series. However, stand-in Australia skipper Josh Inglis insisted his young squad were ready …

#Bangladesh #Australia

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Palm climbs on anticipated output drop, Indonesia uncertainty caps gains

KUALA LUMPUR: Malaysian palm oil futures inched higher on Monday after falling for two straight sessions, driven by anticipated lower output in May, but concerns over Indonesia’s B50 biodiesel mandate and its export policies capped the gains. The …

#Palm #Indonesia

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Indian rupee slumps as elevated crude, Treasury yields support dollar

MUMBAI: The Indian rupee reversed nearly all of the previous session’s rally on Monday, pressured by rising oil prices, fragile risk appetite and patchy corporate flows. A raft of measures aimed at supporting the currency battered by the impact of…

#IndianRupee #CrudeOil #Dollar

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Pakistan, Mauritius eye to enhance bilateral trade

Pakistan and Mauritius have reaffirmed their commitment to strengthening bilateral trade and investment ties, as officials from both countries discussed avenues for deeper economic cooperation during a meeting on Monday. Coordinator to the Prime M…

#Pakistan #Mauritius

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‘Schmigadoon!’ wins best musical on Broadway’s biggest night

NEW YORK: “Schmigadoon!” won the Tony Award for best musical on Sunday, while more socially driven works dominated other top categories, with “Liberation” taking best play, “Ragtime” best musical revival and John Lithgow best leading actor for “Gi…

#Broadway #Musical

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India detains and deports 5,000 Bangladeshis

KOLKATA: India has deported nearly 5,000 Bangladeshi citizens since Prime Minister Narendra Modi’s Hindu-nationalist party swept to power in West Bengal last month, according to official statistics. Modi’s Bharatiya Janata Party (BJP) won a sweepi…

#India #Bangladesh #Deportation

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Perez re-elected at Real Madrid paving way for Mourinho return

MADRID: Florentino Perez has been re-elected president of Real Madrid by an overwhelming majority, paving the way for Jose Mourinho to return as manager. The 79-year-old Perez, president for 23 years across two spells, took 65 percent of the votes…

#RealMadrid #FlorentinoPerez #JoseMourinho