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Analysts expect Indian stock markets to revive
MUMBAI: Even though the Muhurat trading (special session) failed to cheer the Indian equity markets on Thursday, analysts expect the market to revive on Monday, when it opens after three-day holidays. The corporate results season, along with cues from global markets and direction of foreign funds, are expected to set the tone for the key Indian equity indices, analysts said. Samvat 2074, marking the start of the Hindu New Year
 
 
Egypt’s car finance sector to recover: Report
CAIRO/DUBLIN: A comprehensive report on Egypt’s car finance sector has been released. ‘Egypt Car Finance Market Outlook to 2021 - Stringent to Introduce Innovative Measures to Determine the Credit Worthiness’ report has been added to Research and Markets’ offering. During the forecast period 2017-21, Egypt’s car finance market is expected to recover slowly from the fall it has experienced towards the end of the review period,
   
WB rates Pakistan among top private participation investment countries
ISLAMABAD: Pakistan has been grouped in top five highest private participation investment (PPI) countries owing to a few multi-billion dollar power projects, with two hydropower plants worth $3.6 billion during the first half of 2017. A half year update on private participation in infrastructure (PPI) published by the World Bank WB) says that Indonesia was the destination for the highest amount of PPI investment, while Pakistan
 
 
Delhi fixes price for next Sovereign Gold Bond issue
NEW DELHI: The government said it had fixed issue price for the next offering of its Sovereign Gold Bond (SGB) scheme. The issue price has been fixed at Rs2,971 per gramme for subscription during October 23-25, with settlement on October 30, said the Ministry of Finance. “The Government of India, in consultation with the Reserve Bank of India, has decided to allow discount of Rs50 per gramme from the issue price to those
   
Islamabad seeks trade relations with D-8 countries
ISLAMABAD: With focus on upgrading its communications and energy infrastructure and enhancing regional connectivity under the China-Pakistan Economic Corridor (CPEC), Pakistan sought enhanced trade and economic partnerships with D-8 member states through stronger rail, road, air and sea links. Representing Pakistan at the ninth summit of the Developing Eight Organisation for Economic Cooperation (D-8), Pakistan Prime Minister
 
 
Vizag likely to emerge as hub of new age technologies
HYDERABAD: Visakhapatnam or Vizag, as it is popularly known, may emerge as the hub of new age technologies as top financial technology firms are looking at this coastal city to start operations. The keen interest shown by some national and global players for a presence in Fintech Valley Vizag may boost the prospect of developing the city as a key destination of emerging technologies — blockchain, cyber security, data analytics
   
Consumer lending rises 4.7%, shows SBP report
ISLAMABAD: Consumer lending at the end of September 2017 rose 4.71 per cent from June, the State Bank of Pakistan (SBP) report showed, helped by expansion in auto, housing and personal loans. Outstanding stock of consumer loans of the banks amounted to Rs408 billion at the end of September, up from Rs390 billion by end of June this year. The SBP’s latest data revealed rise in consumer financing continued in September that
 
 
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