Soneri Bank raises Rs3bn KARACHl: Soneri Bank on Wednesday listed itssecond term finance certificates (TFCs) on the Karachi Stock Exchange, said a press release. The bank raised Rs3 billion through this issue of TFCs.

Of the total issuance size of Rs3bn, Rs2.25bn was raised through private placement and Rs750 million through initial public offering on July 7 and 8, 2015.

The total demand received was Rs3.81bn, oversubscribed by Rs810m.Cathay Pacific profit up nearly six-fold HONG KONG: Hong Kong flag carrier CathayPacific said Wednesday first-half profit rose almost sixfold from a year earlier, helped by lower fuel prices, but shares fell to a nine-month low as the result missed expectations.

Net profit in the six months through June rose to HK$1.97 billion ($254 million) from HK$347m in the same period last year, helped by a slump in world oil prices that cut fuel costs by over a third.-AFPDeutsche Bank may sell China, India activities FRANKFURT: Deutsche Bank, Germany`sbiggest lender, is considering selling its stake in Chinese group Hua Xia Bank and divesting its retail banking activities in India, the business daily Handelsblatt reported on Wednesday.

Deutsche Bank spent a total 1.3 billion euros ($1.4bn) in amassing a stake of nearly 20 per cent in Hua Xia Bank between 2006 and 2010, the newspaper said.-AFPGoogle gets in WiFi router business I SAN FRANCISCO: Google unveiled a WiFi routerTuesday looking to increase the ease and speed at which people`s increasingly indispensable smartphones and tablets connect at home with its services.

The Internet giant touted OnHub, a partnership with TP-LINK networking product manufacturer, as a `different kind of router for a new way to WiFi`.

`Instead of headaches and spotty connections, OnHub gives you Wi-Fi that`s fast, secure, and easy to use,` Google said in a blog post.

OnHub, priced at $200 for online preorders in the United States, is small and cylindrical, andusers can connect on Apple`s iPhones or its own Android devices.-AFPGrabTaxi app raises $350m in fresh funding I SINGAPORE: Southeast Asian taxi-booking appGrabTaxi Holdings Pte Ltd said Wednesday it had raised more than $350 million in the firm`s biggest ever fundraising to boost its business in the rapidly growing market.

Singapore-headquartered GrabTaxi, which competes with the likes of Uber, said in a statement the funds came from investors that included China`s sovereign wealth fund China Investment Corporation and Coatue Management, a US firm that invests in technology companies worldwide.-AFP