Business News ( English Version)

Pakistan's economy faces sustained pressure with double-digit inflation likely to persist due to surging global oil prices amid the Middle East crisis. Rising energy costs and regional instability are projected to slow GDP growth and widen the current account deficit, impacting the stock market and currency.

A Chinese court ruled that tech firms cannot fire employees solely to replace them with AI, emphasizing that technological advancement doesn't justify unilateral layoffs or salary cuts. This decision highlights the government's balancing act between fostering AI development and maintaining labor market stability amidst economic challenges and high […]

Computer scientist Adam Back, whose work influenced Bitcoin's design, repeatedly denies being Satoshi Nakamoto. He believes the founder's anonymity has been crucial for Bitcoin's growth, preventing single-point capture and fostering its perception as a digital commodity. Back views Bitcoin's current institutional adoption, including ETFs, […]

Kotak Mahindra Bank is exploring Deutsche Bank's retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and r […]

Rohit Jain, an executive director with three decades of experience at the Reserve Bank of India, has been appointed as Deputy Governor. His three-year term begins on or after May 3, 2026, succeeding T Rabi Sankar. Jain, who previously oversaw banking supervision, joins SC Murmu as an internal promotion to the DG post, with departments likely to be reshuffled […]

The move is seen as both strategically and commercially significant for both countries; the acquisition has expanded CDPLC’s access to international markets, Indian clients, and new contracts.

Seeking their inputs for a collective representation which Pharmexcil will submit to the Ministry concerned for consideration, he also cited the recent feedback of the members on the structural changes under GST 2.0.