Pakistan’s consumer price index (CPI) in September clocked in at 6.9 per cent year-on-year (YoY), data from the Pakistan Bureau of Statistics (PBS) showed on Tuesday, which is well within the central bank’s target of 5 to 7pc for next year. The State Bank of Pakistan (SBP) had held off on aggressive monetary easing in […]
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared […]
New Delhi: Goods and services tax (GST) revenue growth rate declined to 6.5 per cent in September at Rs 1.73 lakh crore as the rise in collections from domestic transactions as well as imports slowed. However, with the festival season ahead, collections are expected to be better in the coming months, tax experts said. According […]
Indian benchmark indices, BSE Sensex and Nifty 50 opened higher on Tuesday Indian benchmark indices, BSE Sensex and Nifty 50 opened higher on Tuesday, following mixed global cues. Sensex Today: Indian benchmark indices, BSE Sensex and Nifty 50 opened higher on Tuesday, following mixed global cues. Apart from that, markets in India will see the […]
Putting rumours to the rest, the Federal Bureau of Revenue (FBR) on Monday said that the September 30 deadline for the submission of tax returns was not being extended. In a statement issued today, the tax regulatory authority clarified that media reports about extension of income tax returns filing date “are untrue”. “All taxpayers are […]
The federal government has slashed the price of petrol by Rs2.07 per litre for the next fortnight. The new prices will be effective from October 1, according to an official notification issued on Monday. As per the notification, the price of petrol has been decreased by Rs 2.7 per liter, bringing the new price to […]
New Delhi: The Reserve Bank of India has found irregular practices in the grant of loans against pledges of gold ornaments and jewellery by some entities. It has thus advised all “supervised entities” to comprehensively review their policies, processes, and practices on gold loans to identify gaps. They have been asked to initiate appropriate remedial measures in […]
The Fear and Greed Indicator of the Shanghai Composite Index, rose to the highest since 2015 on Monday. For Shao Qifeng, the frenzy in Chinese stock trading in the last five sessions was a first in his 15-year market career. The Beijing-based chief investment officer at Ying An Asset Management Co. has been receiving non-stop […]
Luxury handbag maker Mulberry has received a takeover approach from Mike Ashley’s Frasers Group. The offer values Mulberry, which has seen sales fall sharply following a downturn in the luxury sector, at £83m. Frasers Group, which owns several chains including Sports Direct, Flannels and Evans Cycles, already holds a 37% stake in the firm. Its […]
New Delhi: China’s PC shipments (including desktops, notebooks and workstations) fell by 6 per cent (year-on-year) to 9.1 million in the April-June quarter as weak demand continued. The country’s PC shipments declined by 6 per cent in Q2, with the consumer and commercial sectors falling by 3 per cent and 9 per cent, respectively, as per […]
