The State Bank of Pakistan announced that these funds will reflect in the country’s foreign exchange reserves. (AI image) Pakistan has obtained the second instalment of special drawing rights amounting to 760 million ($1,023 million) from the International Monetary Fund (IMF) through the extended fund facility programme. Another Victory! Indian Soldier Released By Pak After…
Representative (Photo credit: ANI) NEW DELHI: Protests have erupted in several parts of the nation, as fruit traders begin boycotting Turkish goods, especially apples—after Turkey voiced support for Pakistan in its actions against India.Traders have strongly opposed Turkey’s stance, saying any country that supports Pakistan against India will face a boycott. “Turkey gave drones to…
NEW DELHI: Tata Power on Wednesday reported a nearly 25% increase in consolidated net profit to Rs 1,306.09 crore for the March quarter of FY25, driven by strong performance across its key segments- generation, transmission, distribution, and renewables.The consolidated profit for the quarter ending March 31, 2024, stood at Rs 1,045.59 crore, as per regulatory…
Four Indian firms invested close to $6 million in Azerbaijan and Turkey as part of the country’s total outbound foreign direct investment (FDI) for April, according to the data released by Reserve Bank of India on Wednesday.These contributions represent a small portion of the overall $6.8 billion in proposed overseas investments by Indian companies that…
NEW DELHI: India’s trade relations with Turkey and Azerbaijan are facing new challenges after both countries voiced “support for Pakistan” and criticised New Delhi’s recent strikes on terror camps in Pakistan and Pakistan-occupied Kashmir. Their stance has sparked nationwide calls in India to boycott goods from Turkey and Azerbaijan and avoid traveling to these countries.Online…
NEW DELHI: Beauty and fashion retailer Nykaa and fertilizer maker Coromandel International are set to be included in the MSCI India Index, according to the latest review by global index provider MSCI.The changes to the MSCI Global Standard Indexes will take effect from May 30, 2025, as stated in MSCI’s announcement. FSN E-Commerce Ventures‘ shares…
NEW DELHI: MakeMyTrip on Wednesday said it reported a decline in travel demand to both Turkey and Azerbaijan, amid rising calls on social media to boycott the two nations. The platform revealed that bookings have plunged by 60% over the past week, while cancellations have soared by 250%. “Indian travellers have expressed strong sentiments over…
NEW DELHI: The Cabinet on Wednesday approved a new semiconductor plant in Jewar, Uttar Pradesh. The plant, to be set up by the HCL-Foxconn joint venture, will produce display driver chips for mobile phones, laptops, and cars under the “India Semiconductor Mission.”“The Cabinet has approved a sixth semiconductor plant. It is a joint venture between…
India’s wholesale price inflation eased to a 13-month low of 0.85% in April 2025, helped by a decline in the prices of food items, fuel, and manufactured goods. Experts predict that rate could further decline in the coming month.This marked a significant drop from the 1.19% inflation rate recorded over the same period last year…
British fashion giant Burberry announced plans to slash almost one fifth of its global workforce, laying off 1,700 employees. The move comes as a major cost saving move to revive the company’s performance.The cuts come as part of a broader shake-up under chief executive officer Joshua Schulman, who joined the company last year to reverse…
