Briefing 2023-05-03

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FE Team | Published: May 03, 2023 00:36:14

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Most IT firms' profit leaps to double-digit growth in Jan-Mar on rising demand
Most information technology (IT) companies posted double-digit profit growth in the third quarter ended in March as the demand for related services increased both in the local and global markets. Of the 10 IT firms that disclosed quarterly earnings until now, eight showed a rise in income while profits of the two others fell year-on-year in January-March. Page 9
Sudan's warring sides agree to negotiate
Sudan's warring generals have agreed to send representatives for negotiations, potentially in Saudi Arabia, the United Nations' top official in the country told The Associated Press on Monday, even as the two sides clashed in the capital despite another three-day extension of a fragile cease-fire. Page 40
Rain washes out Tigresses' 2nd ODI
The second ODI between Bangladesh and Sri Lanka was also washed out without a ball being bowled due to consistent rain at P Sara Oval in Colombo on Tuesday. The first game was abandoned after Sri Lanka reached 152-6 before the rain interrupted the match and finally forced it to be called off.Bangladesh bowler Nahida Akhter shined in with three for 24 runs in that game, giving the side a ray of hope. Page 41
United Power's profit falls in Q3
United Power Generation & Distribution Company's profit fell 22 per cent year-on-year in the third quarter through March mainly for the gas price hike implemented since February. Following a government decision, independent power producers (IPPs) like United Power and rental power plants had to purchase gas at Tk 14 per unit (one cubic metre), increased from Tk 5.02 per cubic metre. Page 21