Business is war.
Pakistan recorded inflation of 6.2 percent during October, marking the steepest rate in 12 months as flooding in Punjab province and closed Afghan border crossings disrupted food distribution networks and drove up consumer costs. The Pakistan Bureau of Statistics reported that food expenses increased 1.8 percent compared with September figures. Government authorities noted inflation had…
Pakistan’s textile industry faces potential collapse after years of mismanagement and ineffective policy decisions have eroded its position as the nation’s primary export sector. The industry contributed nearly 60 percent of total exports in previous years but has experienced sharp declines recently, with textile shipments dropping 3.83 percent during the first quarter of fiscal year…
Porter, an on-demand logistics platform, has eliminated positions affecting between 300 and 350 workers as the company works to cut expenses and prepare for a potential initial public offering. The firm characterized this workforce reduction as a singular restructuring effort designed to create a more financially resilient organization, though officials declined to confirm the precise…
A cybersecurity firm has reported that India experiences the highest volume of artificial intelligence bot activity across the Asia-Pacific region, with automated web traffic surging by 300 percent worldwide during the previous year. Akamai Technologies found that AI bots produced 3.2 billion triggers within India, surpassing both Japan and China in the regional rankings. These…
Nepal and India have reached agreements to boost electricity trading between the two nations and accelerate the development of power transmission infrastructure during talks held in Pokhara. The 17th Joint Technical Team meeting brought together energy officials from both countries on Monday and Tuesday to discuss several projects aimed at expanding cross-border electrical capacity. Among…
Pakistan faces a jobless rate of 7.8 percent following the nation’s initial digital population count, leaving roughly 18.7 million people without work among 241.5 million residents. The Pakistan Observer reported that economically active individuals experience an 11 percent unemployment figure within the 171.7 million working-age segment, while one-third of those between 15 and 35 years…
India’s largest automobile manufacturer reached 30 million domestic vehicle deliveries, marking accelerated growth as successive milestones arrived faster than previous benchmarks. Maruti Suzuki India disclosed on Wednesday that reaching 10 million sales required 28 years and two months, while the second 10 million took seven years and five months. The company achieved its third 10…
A major technology company will conduct a 14-day training session starting later this month to help entrepreneurs build artificial intelligence applications using its development platforms. Google for Startups India will guide participants through the process of creating working prototypes from Nov. 27 through Dec. 7, teaching them to use systems such as Gemini and AI…
A major Indian textile producer has arranged to purchase 60 megawatts of clean electricity from Adani Energy Solutions as part of efforts to expand sustainable operations. RSWM Limited will receive power through a Group Captive arrangement after investing 60 crore rupees with a renewable generation company, according to statements released on Wednesday. The agreement will…
Graphics processor manufacturer Nvidia has aligned with American and Indian backers to fund domestic technology ventures after the India Deep Tech Alliance revealed commitments exceeding $850 million on Wednesday. The group added participants such as Qualcomm Ventures and Kalaari Capital to its roster, which launched during September with $1 billion targeting companies developing semiconductors, robotics…
