Business

New Delhi, May 27 (PTI) State-run aerospace major Hindustan Aeronautics Limited (HAL) has posted an all-time high turnover of Rs 19,705 crore, registering a growth of 7.8 per cent in 2018-19, the company said in a statement Monday.

HAL's Profit After Tax (PAT) for the fiscal year 2018-19 stood at Rs 2,282 crore, an increase of 14.8 per cent over Rs 1,987 crore in the corresponding previous year. An interim dividend of Rs 662 crore has already been paid by the company for the year 2018-19, it said.

ISLAMABAD, May 27 (APP): Founder Chairman Pak US Business Council Iftikhar Ali Malik Monday hailed visit of Vice President of the People’s Republic of China Wang Qishan to Pakistan and urged for deeper economic cooperation with China saying that this collaboration would usher in a new era of progress, prosperity, development, economic growth and welfare of the people of the region.

ISLAMABAD, May 28 (APP): Prime Minister Imran Khan will attend the 14th Summit of Organization of Islamic Cooperation (OIC) in Saudi Arabia’s city Makkah on May 31, Foreign Minister
Shah Mehmood Qureshi confirmed on Tuesday.

“The OIC session is very important to discuss the Middle East conflict and also the proposed Peace Plan to diffuse the situation,” Qureshi told reporters here prior to his departure for Jeddah to participate in the OIC Council of Foreign Ministers’ meeting, preceding the summit-level meeting.

TEHRAN, Iran (AP) — Iran’s influential Revolutionary Guard said Tuesday it doesn’t fear a possible war with the United States and claimed that America hasn’t grown in power in recent years — the latest tough talk from Tehran amid escalating regional tensions and a crisis with Washington.

“The enemy is not more powerful than before,” said the Guard spokesman, Gen. Ramazan Sharif.

TOKYO (AP) — All the pomp and pageantry in the world couldn’t paper over the tensions between President Donald Trump and Japan’s Shinzo Abe on two of their most pressing issues: North Korea and trade.

TOKYO (AP) — The Latest on President Donald Trump’s visit to Japan (all times local):

11 p.m.

President Donald Trump appears to have offered little to reassure Japanese leaders on some of their key worries as he wraps up a four-day state visit.

Trump is concluding his Japanese trip with rifts still evident between the two countries on trade and North Korea.

TOKYO (AP) — Asian stocks mostly rose in muted trading Tuesday in the absence of major market-driving news on trade negotiations during the visit of President Donald Trump to Japan.

Japan’s benchmark Nikkei 225 added 0.4% in early trading to 21,274.60, while Australia’s S&P/ASX 200 gained 0.6% to 6,490.40. South Korea’s Kospi was little changed but inched up to 2,045.11. Hong Kong’s Hang Seng added 0.3% to 27,375.16, while the Shanghai Composite rose nearly 0.6% to 2,908.40.

NEW DELHI (AP) — Indian Prime Minister Narendra Modi won a second term in office after responding to a suicide attack on Indian paramilitary forces in troubled Kashmir with an airstrike inside Pakistan, allowing him to turn voters’ attention away from the country’s highest unemployment rate in decades.

DUBAI, United Arab Emirates (AP) — The Muslim holy month of Ramadan, with its long days of fasting and prayer meant to draw worshippers closer to God and away from worldly distractions, is being reshaped by technology.

WASHINGTON (AP) — President Donald Trump dismissed the hard realities of his trade dispute with China as mere foolishness Monday and told people to expect humans on Mars “very shortly,” which isn’t happening.

Here’s a look at some of his statements in a news conference with Japanese Prime Minister Shinzo Abe and how they stack up with reality:

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