Business

Pakistan continued to lean towards foreign funding in the last fiscal year, with total inflows touching around $27 billion. Saudi Arabia and China continued to roll over billions of dollars in loans, according to a provisional report by the ministry of economic affairs. In the previous fiscal year, the country had borrowed approximately $26 billion,…

Congestion has affected several major ports, including Kandla, Mundra, Jawaharlal Nehru Port (Nhava Sheva) and Chennai. (AI image for representative purpose) Congestion at Indian ports has left several fertiliser-carrying vessels stranded, which has slowed the unloading and onward movement of these essential crop nutrients. This comes at a time when the kharif sowing season is…

Trump said generic drug imports would remain exempt from tariffs for the next two years. Beginning in August 2028, they would attract a 100% tariff. (AP photo) In a blow to India’s pharmaceutical industry, the Donald Trump administration has announced up to 200% tariffs on generic drugs that will be applicable in the coming years.US…

Jaishankar and Rubio in Manila External affairs minister S Jaishankar on Wednesday met US secretary of state Marco Rubio in Manila, with the two leaders holding wide-ranging discussions on trade, tariffs, energy, defence, critical minerals, artificial intelligence and regional security.The meeting took place on the sidelines of the Association of Southeast Asian Nations (Asean) foreign…

The Houthis control northern Yemen, including the coastline along the Bab el-Mandeb Strait at the southern entrance to the Red Sea. (Satellite image of Bab el-Mandeb by Reuters) Red Sea oil supply disruptions have begun! Three tankers carrying Saudi Arabia crude oil that were bound for China and India reversed course in the Red Sea…

Pharmaceutical stocks came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan for imported generic medicines, raising concerns over the long-term outlook for one of the industry’s biggest export markets.The sell-off came even though the proposal gives generic drugmakers a two-year tariff-free window before steep duties are introduced. Nifty Pharma…

Rupee came under pressure in early trade on Wednesday, opening 11 paise lower at 96.36 against the US dollar. The slump came as rising crude oil prices and increased demand for safe-haven assets weighed down the currency.Earlier on Tuesday, rupee had ended at 96.25 against the greenback before slipping at the opening of the interbank…

Asian equities opened higher on Wednesday, tracking overnight gains on Wall Street as investors looked past rising geopolitical tensions in the Middle East and focused instead on a rebound in technology stocks.The gains were led by Japan, South Korea and Taiwan. Japan’s Nikkei climbed 1.30% or 861.21 points to 67,093.4, while South Korea’s Kospi surged…

MUMBAI: Anand Group, the over $3 billion auto components conglomerate, is undertaking two linked transactions worth about Rs 3,180 crore through listed flagship Gabriel India that will lift promoter Anjali Singh and family’s stake in the company to 68% and deepen its footprint in the sector.Gabriel will buy out the Singh family’s 29% stake in…

Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the…