India’s SBI sheds over $11 billion in two sessions on margin squeeze, disappointing earnings
BENGALURU: State Bank of India shed more than $11 billion in market value over two sessions on narrowing margins and a disappointing fourth-quarter earnings miss that brokerages warned could signal…
India’s small-cap, mid-cap mutual fund inflows hit record highs in April
Inflows into India’s small- and mid-cap equity mutual funds surged to record highs in April, data showed on Monday, on the back of resilient earnings and more attractive valuations after…
Gold comments by India’s Modi, oil shock stoke tariff fears; jewellery stocks slide
MUMBAI: Indian Prime Minister Narendra Modi’s call to avoid gold purchases for a year to help protect foreign exchange reserves fuelled concerns of higher import tariffs on the metal, sending…
London Heathrow airport traffic dips due to Mideast war
LONDON: London’s Heathrow Airport announced Monday that passenger numbers dropped in April as the Middle East war disrupted global air travel. The airport handled 6.7 million passengers last month, down…
US stocks dip ahead of inflation data
NEW YORK: Wall Street stocks dipped early Monday ahead of US inflation data as markets looked ahead to this week’s China visit by US President Donald Trump and Iran war…
Skipper Shanto extends Bangladesh lead by 179 runs in first Test against Pakistan
Skipper Najmul Hossain Shanto hit an unbeaten half-century as Bangladesh extended their lead by 179 runs on the rainy fourth day of the first Test against Pakistan on Monday. The…
HEC launches online degree attestation system to facilitate students
The Higher Education Commission of Pakistan (HEC) on Monday announced the launch of a “fully online and paperless” degree attestation system to facilitate students. In December last year, the HEC…
UN envoy lauds Pakistan’s diplomatic efforts for regional peace
United Nations Secretary-General’s Personal Envoy for the Middle East Conflict, Jean Arnault, called on Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Monday and discussed the evolving…
EU ministers agree on sanctions targeting violent West Bank settlers
European Union (EU) foreign ministers reached an agreement on Monday on new sanctions targeting violent Israeli settlers in the occupied West Bank, as well as leading Hamas figures, EU foreign…
NA passes unanimous resolution hailing military’s ‘befitting response’ to India in May conflict
The National Assembly on Monday unanimously approved a resolution hailing the armed forces’ “befitting response” to India’s unprovoked military aggression during last year’s May conflict. The conflict with India —…