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Pakistan market rebounds after crash, Economic Affairs Ministry disowns loan appeal, says account hacked

1 week ago | topologypro.one | Asmita Pant

HomeMarket NewsPakistan market rebounds after crash, Economic Affairs Ministry disowns loan appeal, says account hackedThe slight rebound comes after Thursday’s sell-off, when the index plummeted 7.6% to an intraday low of 101,598.91 before closing at 102,674, down 7,334.93 points or 6.67%. By Asmita Pant May 10, 2025, 12:05:16 AM IST (Updated)The Pakistan Stock Exchange (PSX) staged a modest recovery on Friday (May 9) morning after a historic plunge in the previous session.
Didn't intercept Indian drones because...: Pak minister's bizarre remark is viral

1 week ago | topologypro.one | Harshita Das

In the bizarre statement, Asif claimed the Indian drones were meant to "detect our positions," and intercepting them prematurely would have risked exposing sensitive sites. Pakistan Defense Minister Khwaja AsifNew Delhi,UPDATED: May 9, 2025 16:58 ISTPakistan's Defence Minister Khawaja Asif, under immense pressure after India neutralised all their drones on May 8 and thwarted an attempt to target border cities, made yet another bizarre remark at the Assembly on Friday.
Swiggy Q4 Results: Net loss widens to ₹1,081 crore; Quick commerce losses impact overall performance

1 week ago | topologypro.one | Meghna Sen

Food delivery aggregator Swiggy Ltd. on Friday, May 9, reported a widening net loss of ₹1,081 crore for the March quarter, compared to the loss of ₹555 crore which it reported during the same quarter last year. Swiggy's revenue rose by 45% on a year-on-year basis to ₹4,410 crore from ₹3,045.5 crore last year. Swiggy's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at a loss ₹962 crore, which was also wider than the loss of ₹485 crore last year.
Concerned over Pak's alleged support for terrorists: US State Dept

1 week ago | topologypro.one | Satyam Singh

US State Department urges India and Pakistan to avoid escalating tensions after a recent terrorist attack. Spokesperson Tammy Bruce stated that the US has been concerned about Pakistan's alleged support for terrorist groups for many years. US State Department Spokesperson Tammy Bruce(Photo: Reuters)UPDATED: May 9, 2025 06:44 ISTThe United States has appealed to New Delhi and Islamabad to avoid further conflict.
Relief for China: Donald Trump says 145% levy will come down

1 week ago | topologypro.one | Satyam Singh

Trump said he expects serious US-China trade talks this weekend and predicted tariffs on Chinese goods--currently at 145%--will likely be reduced. Top officials from both sides will meet in Switzerland to seek a breakthrough in the trade war. Trump said he believed China very much wanted to make a deal. (Photo: X)UPDATED: May 9, 2025 06:04 ISTUS President Donald Trump said on Thursday that he expects serious trade discussions between the United States and China this weekend.
Baloch writer claims independence from Pak, urges UN for recognition

1 week ago | topologypro.one | Satyam Singh

Amid India-Pakistan tensions, Baloch writer Mir Yar Baloch declared Balochistan's independence from Pakistan and urged the UN for recognition. He also asked India to allow a Baloch embassy in Delhi and called for UN peacekeepers in the region. A snapshot from the video shared by Mir Yar Baloch on X. UPDATED: May 9, 2025 02:52 ISTIn the middle of rising tensions between India and Pakistan, a known Baloch writer, Mir Yar Baloch, has claimed Balochistan’s independence from Pakistan.
Trump confirms trade deal with UK, says it would be 'full and comprehensive'

1 week ago | topologypro.one | Harshita Das

US President Donald Trump said that the trade deal with United Kingdom would be a full and comprehensive one. Trump announces first post-tariff trade deal with UK, says more to followWashington,UPDATED: May 8, 2025 16:38 ISTUS President Donald Trump said on Thursday that an agreement with Britain would be a full and comprehensive one, amid expectations the two countries would soon sign a trade deal.
No pope elected on second day, black smoke emerges from Sistine Chapel

1 week ago | topologypro.one | Harshita Das

Cardinals burn the ballot papers and mix them with chemicals to show how proceedings are going -- black signalling no pope and white announcing a new pontiff. Black smoke rises from the chimney on the Sistine Chapel, indicating no decision has been made to elect a new pope, at the Vatican.
Here's why Symphony shares surged 13% on Thursday

1 week ago | topologypro.one | Meghna Sen

Shares of Symphony Ltd. were buzzing in trade on Thursday (May 8) after the company reported strong financial results for the January-March quarter, with its topline surging 47% year-on-year. The company posted revenue of ₹488 crore, up from ₹332 crore in the same quarter last year. Domestic revenue grew 48% year-on-year, while international revenue rose 44%. Net profit jumped 65% year-on-year to ₹79 crore, compared to ₹48 crore in the year-ago period.
Trump says Houthis showed 'bravery' and 'commitment' after ceasefire deal

1 week ago | topologypro.one | Satyam Singh

In a surprising change of stance, Donald Trump praised the Houthis for their "bravery" following a ceasefire deal brokered by Oman, halting US airstrikes in Yemen in exchange for a pause in Houthi attacks on Red Sea shipping routes. Trump said the US would stop its bombing campaign against Houthis.