Pakistan in dire straits as lenders ask for loan repayments

IANS | April 15, 2026 4:52 PM

New Delhi, April 15 (IANS) Debt-ridden Pakistan is under pressure to repay its huge loans taken from the Gulf countries, who are losing patience over the inordinate delay, with the UAE refusing to rollover the $3 billion payment that is now overdue.

Elecon Engineering’s Q4 profit plunges 96 pc to Rs 6 crore on exceptional loss

IANS | April 15, 2026 3:31 PM

Mumbai, April 15 (IANS) Industrial gearbox manufacturer and a premier material handling equipment (MHE) provider Elecon Engineering Company Limited on Wednesday reported a sharp 96 per cent drop in its net profit to Rs 6 crore for the fourth quarter (Q4) of FY26, mainly due to a large exceptional loss during the period.