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India’s top carmaker Maruti Suzuki to invest over $860 million to set up another plant

India’s top carmaker Maruti Suzuki will invest 74.1 billion rupees (nearly $864 million) to set up a third...

Published 26 Mar, 2025 02:46pm

Business & Finance

Audi weighs price increases to soften US tariff blow

INGOLSTADT, GERMANY: Volkswagen’s premium Audi brand is weighing whether to pass on the costs of U.S. import tariffs...

Published 18 Mar, 2025 04:50pm

Business & Finance

BMW foresees earnings hit as Europe counts the early cost of tariffs

FRANKFURT: German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while...

Published 14 Mar, 2025 04:51pm

Business & Finance

Volkswagen sees flat margin as cost cuts, trade tensions weigh

WOLFSBURG, GERMANY: Volkswagen, Europe’s top carmaker, forecast another challenging year of ramping up EV sales,...

Published 11 Mar, 2025 04:55pm

Business & Finance

Ford to inject up to $4.8 billion into cash-strapped German business

FRANKFURT: Ford will inject up to 4.4 billion euros ($4.76 billion) into its struggling German operations as it...

Published 10 Mar, 2025 04:16pm

Business & Finance

Renault, Nissan aim to announce deal on reshaped alliance on Feb 6

TOKYO/PARIS: French car maker Renault and its Japanese partner Nissan Motor aim to formally unveil a deal to reshape...

Published 26 Jan, 2023 04:48pm

Business & Finance

Indian top carmaker Maruti’s profit doubles

BENGALURU: Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the...

Published 25 Jan, 2023 06:25am

Business & Finance

Honda Atlas raises car prices by up to Rs550,000

Cites inflation, exchange rate volatility as reasons behind increase

Published 23 Jan, 2023 08:09pm

Business & Finance

Maruti Suzuki India to recall 11,177 Grand Vitara SUVs to fix seat belt defect

India’s top carmaker Maruti Suzuki on Monday said it was recalling 11,177 Grand Vitara vehicles to address a...

Published 23 Jan, 2023 07:18pm

Business & Finance

Toyota plans to produce 750,000 vehicles globally in February

TOKYO: Toyota Motor Corp on Wednesday said it plans to produce about 750,000 vehicles globally in February. The...

Published 18 Jan, 2023 01:07pm

Business & Finance

Renault group sales fall 5.9% in 2022, Europe order book at record levels

PARIS: Renault group sales in 2022 fell by 5.9% to 2,051,174 vehicles, marking a fourth consecutive annual decline...

Published 18 Jan, 2023 01:05pm

Business & Finance

Carmaker Stellantis strikes nickel sulphate supply deal with Terrafame

PARIS: Carmaker Stellantis and Finnish company Terrafame announced on Wednesday that they had struck a deal whereby...

Published 18 Jan, 2023 01:00pm

Business & Finance

India’s Maruti Suzuki to recall 17,362 vehicles on possible airbag controller defect

BENGALURU: India’s top carmaker Maruti Suzuki on Wednesday said it is recalling 17,362 vehicles manufactured between...

Published 18 Jan, 2023 10:44am

Business & Finance

Porsche overtakes Volkswagen as Europe’s most valuable carmaker

BERLIN: Porsche took pole position as Europe’s most valuable automaker on Thursday, overtaking former parent...

Published 06 Oct, 2022 05:03pm

Business & Finance

BMW expects slight growth in 2023, cuts Germany gas intake by 15%

BERLIN: BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales...

Published 26 Sep, 2022 07:17pm

Business & Finance

Tesla steps up recruiting in Thailand as EV competition heats up

BANGKOK: Tesla Inc is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the U.S. electric...

Published 05 Sep, 2022 05:47pm

Business & Finance

Maruti, India's top carmaker, open to partnerships to secure supply chain

NEW DELHI: Maruti Suzuki is open to forming partnerships with auto part makers to secure its future supply chain and...

Updated 27 Aug, 2022 06:46pm

Business & Finance

Renault to invest $377mn in Brazil

SAO PAULO: French carmaker Renault SA said it will invest 2 billion reais ($377.12 million) in Brazil for the...

Published 01 Jul, 2022 06:57pm

Markets

Volkswagen to build 800,000 fully-electric cars this year

BERLIN: Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the...

Published 12 May, 2022 06:07pm

Markets

Toyota to slash production plan, suspend some domestic operation due to COVID lockdown in China

TOKYO: Toyota Motor Corp said on Tuesday it would suspend operations on 14 lines at eight domestic factories for up...

Published 10 May, 2022 05:18pm

Business & Finance

FTO’s judgement: LTO Karachi, carmaker agree on refund mechanism

ISLAMABAD: The Large Taxpayer Office (LTO) Karachi and a leading car manufacturer have agreed on a mechanism for...

Updated 07 Apr, 2022 11:01am

Markets

Daimler AG to rebrand as Mercedes-Benz on Feb. 1

BERLIN: Daimler AG will be formally renamed Mercedes-Benz Group AG on Saturday - nearly a year after the spin-off of...

Published 28 Jan, 2022 05:53pm

Business & Finance

Mercedes-Benz to assemble its EQS electric luxury sedan in India

NEW DELHI: German luxury carmaker Mercedes-Benz plans to start local assembly of its EQS electric sedan in India ...

Published 12 Jan, 2022 02:50pm

Business & Finance

Daimler to produce first in-house electric motor at Berlin plant

BERLIN: Daimler will produce the first in-house electric motor at its oldest plant in Berlin, the carmaker said on...

Published 19 Nov, 2021 04:35am

Business & Finance

Renault sees bigger production hit from chip shortage

PARIS: French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage...

Published 21 Oct, 2021 04:38am

Markets

Geely's Volvo Cars sets IPO price range, seeking up to $23 billion valuation

The transaction, including expected converted investments by investors AMF and Folksam, was seen resulting in a free float of about 19.5% to 24.0%, Volvo says

Published 18 Oct, 2021 06:53pm

World

Chip shortage shuts Opel plant in Germany

FRANKFURT: Opel will close one of its plants in Germany until the “start of 2022” as a global chip shortage ...

Published 01 Oct, 2021 04:07am

Business & Finance

Ford wakes up badly burnt from its India dream

Ford takes a $2 billion hit to stop making cars in India
Sales have stagnated at about 3 million cars

Published 17 Sep, 2021 05:22pm

Business & Finance

Stellantis extends output halts at several European car plants on chip shortage

Production will stay halted this week at the Rennes plant, while it will be suspended at the Italian plant of SevelSud, the spokesperson says

Published 30 Aug, 2021 08:09pm

Business & Finance

India antitrust body fines Maruti Suzuki $27mn over dealer discount policy

The CCI asked Maruti to "cease and desist" from indulging in such practices and asked the company to deposit the fine within 60 days

Published 23 Aug, 2021 06:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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