Bharat Petroleum Corporation Ltd reported a significant net loss for the April-June quarter. Elevated crude oil prices and regulated fuel rates severely impacted marketing margins. The company incurred substantial LPG under-recoveries and unpaid subsidy dues. Revenue from operations increased, but total expenses climbed significantly. Fuel sales and refinery processing saw a slight decline during the
A significant India-US trade agreement is expected within three to four months. Negotiations are nearly finalized, with the text effectively complete and ready for signing. The primary remaining hurdle involves ongoing US trade investigations, not bilateral disagreements. Washington’s Section 301 probes are nearing conclusion, which will allow progress. This agreement aims to expand market access
Pakistan secured approximately twenty-seven billion dollars in foreign funding last fiscal year. Saudi Arabia and China provided significant rollover support for existing loans. Fresh borrowing accounted for sixteen billion dollars of the total inflows. This foreign assistance primarily financed the budget and repaid external debt. Pakistan’s exports declined by six percent during the same period.
Oil prices are climbing as geopolitical tensions between the US and Iran intensify. Analysts expect crude prices to remain within a specific range for now. Current market prices do not indicate a major structural disruption to global oil supplies. Investors are also closely monitoring upcoming crude oil inventory data. This data could influence near-term price
Pharmaceutical stocks were among the biggest drags on the market after Trump announced a phased tariff framework for imported generic medicines, giving drugmakers a two-year transition period before higher duties come into force.
US President Donald Trump on Tuesday announced the final stage of his pharmaceutical tariff plan, under which imported generic medicines will continue to enter the US without duties until August 1, 2028.
Congestion has affected several major ports, including Kandla, Mundra, Jawaharlal Nehru Port (Nhava Sheva) and Chennai. Industry officials said that the situation has been aggravated by the rerouting of vessels due to geopolitical tensions.
On Monday, the Houthis announced a naval blockade on Saudi Arabia, potentially opening another front in the US-Israeli conflict with Iran and increasing risks to global energy supplies and international trade beyond the Gulf region.
Pharmaceutical stocks faced pressure after US President Trump unveiled a phased tariff plan for imported generic medicines. This plan introduces steep duties on generic drugs after a two-year tariff-free window. Indian drugmakers are reassessing supply chains and investment plans due to potential future impacts. Companies without US manufacturing presence may face significantly altered economics. The
