Former Prime Minister Imran Khan was found guilty in the Al Qadir Trust case, with an accountability court sentencing him to 14 years in prison at the end of a nearly two-year trial. The ruling also convicted the wife of the former Prime Minister, Bushra Bibi, and sentenced her to seven years in prison. The … Read more
Former Prime Minister Imran Khan was found guilty in the Al Qadir Trust case, with an accountability court sentencing him to 14 years in prison at the end of a nearly two-year trial. The ruling also convicted the wife of the former Prime Minister, Bushra Bibi, and sentenced her to seven years in prison. The … Read more
MOL Pakistan’s gas sale deal with Universal Gas Distribution Company Ltd (UGDCL) from the newly developed Razgir field has drawn criticism from its joint venture partners and other private gas distribution companies, who claim that the gas sale bypassed the mandatory competitive bidding process. dawn I mentioned. This is the first deal of its kind … Read more
Taiwan’s Fair Trade Commission (FTC) has blocked Uber Technologies’ $950 million purchase of the island’s Delivery Hero subsidiary Foodpanda, citing competition concerns. The Federal Trade Commission announced the decision on Wednesday, stating that the deal would hurt competition in the market by eliminating rivalry between Taiwan’s main food delivery competitors, UberEats and Foodpanda. The merger … Read more
JP Morgan Chase & Co. agreed. to drop its lawsuit against Tesla Inc. Valued at $162 million after a three-year legal dispute over stock guarantees. The two companies announced the decision on Friday in a lawsuit in Manhattan, where they agreed to dismiss their claims against each other without the option of refiling the lawsuit. … Read more
Nokia said on Wednesday it has won a “multi-billion dollar” deal with India’s Bharti Airtel to deliver 4G and 5G equipment. The announcement comes at a time when Bharti Airtel, MediaTek and Nokia have successfully completed trials aimed at improving 5G uplink performance. The trial, conducted at Airtel’s technology lab, set a new benchmark by … Read more
TRG Pakistan Limited announced that its partner, The Resource Group International Limited (TRGI), has finalized a definitive agreement with IBEX Limited, its Nasdaq-listed portfolio company. As part of the agreement, IBEX repurchased approximately 3.56 million of its shares from TRGI for a total transaction value of $70 million. TRG Pakistan Limited informed the Pakistan Stock … Read more
NEW DELHI: India’s Tata Electronics has agreed to buy a majority stake in Taiwanese company Pegatron’s only iPhone factory in India, forming a new joint venture that strengthens Tata’s position as a supplier to Apple. Reuters Reported, citing sources. Under the deal announced internally last week, Tata will own 60% and run day-to-day operations under … Read more
Indian superstar Prabhas signed a three-film deal with production company Hombale Films, after their collaboration on the film “Salaar: Part 1 – Ceasefire”. The deal, which includes the upcoming “Salaar” sequel and two additional features, represents one of the largest studio talent partnerships in Indian cinema. The financial terms of the deal were not disclosed. … Read more
Manchester United have reached an agreement with Sporting Lisbon regarding the hiring of Ruben Amorim as head coach. As part of the deal, Amorim is expected to stay with Sporting for their next three matches, including against Manchester City on Tuesday and Braga on November 10, meaning he would first take charge of United at … Read more