Working capital normalisation, loan deferral to improve MLCF’s liquidity

LAHORE: Normalisation of working capital and deferral of loans will help improve liquidity of Maple Leaf Cement Factory Limited (MLCF), analysts say.  Shahrukh...

Amazon launches online pharmacy in new contest with drug retail

Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such...

Huawei selling Honor phone brand in face of US sanctions

BEIJING: Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging...

Turkey’s ADO Group to invest in Pakistan’s real estate, construction industry

LAHORE: Turkish business giant ADO Group will invest in Pakistan’s construction and real estate industry, said Shafiq Akbar, Chairman of the Imarat...

Bonanza Satrangi migrates eCommerce from Magento to Shopify

The eastern apparel challenger brand made the transition to acquire better technical support, remove downtime, and launch two interactive shopping experiences.

FCCL expects double-digit growth in cement despatches this year

LAHORE: The management of Fauji Cement Company Limited (FCCL) is expecting a double-digit growth in cement despatches for the financial year 2019-20 (FY21),...

Beauty startup Conatural raises $825,000 in Pre-Series A round to scale click-and-mortar operations

LAHORE: Pakistan’s natural and organic skin and hair care brand, Conatural, has raised $825,000 in a Pre-Series A round from experienced institutional and...

Virgin Hyperloop hosts first human ride on new transport system

SEATTLE: Richard Branson’s Virgin Hyperloop has completed the world’s first passenger ride on a super high-speed levitating pod system, the company said...

WhatsApp starts payments service in India

The US-based messaging service WhatsApp on Friday said it had started its payments service in India, through which people can send money...

Marks & Spencer faces £87.6m loss as Covid-19 hits clothing sales

LONDON: Britain's Marks & Spencer swung to a first-half pre-tax loss of £87.6 million ($113.43) in the first half, its first loss,...

1QFY21: Nishat Mills’ profit up 2.5pc to Rs946m

LAHORE: The Board of Directors of Nishat Mills Limited (NML) met on Wednesday to review the company’s performance and announce its financial results...

WhatsApp turns to business messaging to generate revenue

CALIFORNIA: The world’s most popular messaging service is pushing more aggressively into customer service features, including a pay-to-message option for businesses, and...

Huawei ekes out third-quarter revenue growth as US restrictions bite

SHANGHAI: Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the Covid-19 pandemic added to supply-chain...

IBM to break up 109-year old company to focus on cloud growth

International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world's first big computing firm...

Samsung likely to post 35pc surge in third-quarter profit as smartphone sales recover

SEOUL: Samsung Electronics Co Ltd's September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order...