IQBAL MARKET
China-Pakistan Economic Corridor phase II to be launched during Pak PM's China visit
Prime Minister Shehbaz Sharif's upcoming visit to China will formally launch the second phase of the China-Pakistan Economic Corridor (CPEC-II). Both countries are expected to prioritize quality over quantity, focusing on high-impact projects to ensure sustainability. Pakistan aims to expand its trade footprint in China, targeting a significant increase in exports by enhancing competitiveness and sectoral readiness.
UK delivery startup Hived raises $42 million to expand network
The Series B round of funding was led by Japanese-backed venture capital firm NordicNinja and included investments from Wex Venture Capital, Marunouchi Innovation Partners and Elemental Impact.
Buy Metro Brands, target price Rs 1,400: JM Financial
JM Financial recommends a buy for Metro Brands, setting a target price of Rs 1,400, anticipating an increase from the current market price of Rs 1216 within a year. The company's recent financial results show a consolidated total income of Rs 665.83 crore for the quarter ended March 31, 2025, with a net profit after tax of Rs 94.91 crore.
Sell Metro Brands, target price Rs 925: HDFC Securities
HDFC Securities suggests selling Metro Brands shares, setting a target price of Rs 925. Metro Brands, a large-cap leather company, reported a slight dip in quarterly revenue but an increase compared to last year. Despite demand recovery signs and e-commerce growth, HDFC Securities anticipates lower other income, leading to reduced earnings estimates. Promoters hold a significant stake in the company.
Buy Metro Brands, target price Rs 1,460: Motilal Oswal Financial Services
Motilal Oswal Financial Services has given a buy rating for Metro Brands with a target price of Rs 1,460, citing strong store economics and cost controls, backed by a robust balance sheet. Current market price stands at Rs 1239. Promoters hold a 71.96% stake, indicating high confidence in the company's growth potential.
Sambhal: Police hold flag march, watertight security in place for Friday prayers
Following a stone-pelting incident during a mosque survey in Sambhal, Uttar Pradesh, police conducted a flag march and reinforced security. Twenty-seven arrests have been made, including three minors, and seven FIRs filed. A man was arrested for spreading rumors, while advocate Vishnu Shankar Jain refuted allegations of inciting violence.
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Akhilesh claims Sambhal victim's kin threatened by UP Police, seeks SC intervention
Samajwadi Party chief Akhilesh Yadav has urged the Supreme Court to investigate allegations of Uttar Pradesh police threatening a Sambhal violence victim's family and coercing a thumb impression on a blank document. Four men were killed in the violence following a mosque survey. Police have arrested 25 individuals, including local political figures.
Sambhal violence: After clashes over Mosque survey, Samajwadi Party's MP Zia-ur-Rehman Barq, son booked
After nearly four people lost their lives and several others were injured, the police have registered seven FIRs in connection with the violence stemming from a court-ordered survey of a Mughal-era mosque in Sambhal. Among those named as accused are Samajwadi Party MP Zia-ur-Rehman Barq and Sohail Iqbal, the son of local SP MLA Iqbal Mehmood, officials reported on Monday.
New Year 2024: Check traffic police advisory and other restrictions in Hyderabad on Dec 31 & Jan 1
As the final moments of 2023 approach, Hyderabad is abuzz with activity as people eagerly prepare to usher in the new year with enthusiasm. In light of the festivities, the Hyderabad Traffic Police has issued specific rules and regulations to manage traffic effectively. Hyderabad Traffic Police has issued a notification in this regard.
Jammu and Kashmir authorities plan revival of aromatic rice Mushk Budji, expand cultivation to 5,000 hectares
The cultivation area of the indigenous aromatic rice variety, Mushk Budji, from Kashmir is set to expand to 5,000 hectares in the next three years. This variety of rice was on the verge of extinction due to disease susceptibility and poor yield potential. However, efforts by the agriculture department and Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST) have led to its revival. The aim is to transform the agriculture economy in Jammu and Kashmir, boost exports, and improve farmer prosperity. The rice has received a Geographical Indication (GI) tag and is expected to tap into national and international markets.
Kashmir saffron story scripts a revival, prices see a spike of 75%
Kashmir saffron's prices have risen to ₹3.25 lakh ($4387) per kg, five times the value of silver, after receiving the Geographical Indication (GI) tag, which verifies the spice's origin. The move has helped Kashmiri saffron compete with the Iranian variant, with US, Canadian, and European buyers picking up saffron from Kashmir.
Pakistan to shut markets by 8 pm to save electricity
Pakistan's federal and provincial governments have unanimously decided to shut markets by 8 p.m. across the country as part of the efforts to conserve energy, Planning Minister Ahsan Iqbal said.
DHFL case: ED attaches units on 4 more floors of Ceejay House
This is the first time that the department is treating these assets- owned by a company which is said to be among the original developers of Ceejay House--- as ‘proceeds of crime’ in it money laundering probe linked to Iqbal Mirchi and esrtwhile DHFL promoters Kapil and Dheeraj Wadhawan.
‘Cutting chai': Pakistan minister urges people to reduce tea consumption
The appeal from Federal Minister for Planning Ahsan Iqbal came after it emerged that Pakistan consumed tea worth Rs 83.88 billion (USD 400 million) in the fiscal year 2021-22, The News International newspaper reported. He said that Pakistan, one of the biggest importers of tea in the world, has to borrow money to import it.
ED attaches 7 UP sugar mills worth Rs 1,097 crore in PMLA case against ex-BSP MLC
These mills are "owned" by Iqbal and are located in Kushinagar, Bareilly, Deoria, Hardoi and Barabanki districts of the central Indian state and their total worth is Rs 10,97,18,10,250, the officials said.
ED moves court to get Iqbal Mirchi's family declared as fugitive economic offenders
It said an application has been filed under section 4 (read with) section 12 of the Fugitive Economic Offenders Act of 2018 before the court "with a prayer to declare Junaid Iqbal Memon, Asif Iqbal Memon (sons of Mirchi) and Hajra Memon (wife) as fugitive economic offenders".
Pakistan rupee climbs from record low in rally seen ending soon
Stable foreign exchange reserves and a return to current-account surplus for the first time in five years, thanks to record remittances, have helped shore up the currency.
ED attaches Rs 600-cr worth assets of Iqbal Mirchi family
The properties which were acquired by Mirchi include the 3rd and 4th floor of CEEJAY House in Mumbai's Worli area, an office premise at Arun Chambers, Tardeo in Mumbai, three flats in Sahil bungalow in Worli, three prime commercial shops in Crawford market and bungalows and land (more than 5 acres) in Lonawala, ED said in a statement.
ED searches DHFL offices over exposure to firm having links with gangster Mirchi
In a report by The Economic Times, the troubled mortgage lender's links with Sunblink Real Estate have come to the fore. The ED has not named DHFL but documents reviewed by this paper showed Sunblink exposure adds up to Rs 2,186 crore.
Exposure to Sunblink an outcome of market consolidation: DHFL
The ED believes that funds were allegedly routed overseas by Sunblink
DHFL lent Rs 2,186 crore to company under lens for Mirchi links, ED investigations reveal
Sunblink Real Estate - which has links to gangster Iqbal Memon - is under investigation by the ED for their usage of funds. And according to new information, the real estate company also borrowed money from DHFL.
How an idler became Indian Mujahideen’s main hawala operator
As per interrogation details of Siddibappa — he was deported to Delhi on May 20 and arrested by the NIA — he initially went to a government school in Bhatkal but could not continue studies beyond Class II.
Syed Ali Shah Geelani condemns militant attack on telecom outlet
Hurriyat leader Syed Ali Shah Geelani today condemned the attack on a telecom outlet in Sopore town of Kashmir in which one person was killed and two others injured, terming it as a terrorist act.
Militants strike at two places in Kashmir; one killed, four hurt
After the attack in Sopore, militants struck in Kulgam area of south Kashmir by firing on a patrol party of army, resulting in injuries to one soldier.
Enforcement Directorate probes global hawala ring of Iqbal Mirchi
A huge amount of these monies from this deal is also suspected to have found its way into the terrorist and arms-running mafia run by Dawood which is part of the larger probe, sources said.
1 CRPF jawan killed in militant attack in Srinagar
A Central Industrial Security Force (CISF) jawan was killed and another injured in a militant attack in the heart of Srinagar city.
Mobile apps bring religion to your fingertips
Tech has brought spirituality to the fingertips of today's generation, who are discovering ancient religious texts and mythology with spiritual apps.
Militants attack police party in Sopore
Militants today attacked a police party in a busy market area of Sopore town in North Kashmir's Baramulla district.
Beaulieu International Group enters a JV with Lucknow-based Indtex International
An investment of Rs 100 crore would be through a joint venture with Indtex International. Beaulieu would hold the majority stake in the project.
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