Briefing 17-05-2022
Tuesday, 17 May 2022
FAS Finance, ILFSL stocks surge
Share prices of two scam-hit financial institutions, associated with Prashanta Kumar Halder, witnessed big jumps on Monday though the market dropped sharply. Soon after the trading opened, shares of these two companies hit upper limit circuit breakers. At one stage, the shares of these two companies became seller-less. Page 9
Intense heatwave sweeps N India
An intense heatwave is sweeping through northern India with temperatures hitting a record 49.2C (120.5F) in parts of the capital, Delhi. This is the fifth heatwave in the capital since March. Officials in many parts of the country have asked people to take precautions as temperatures are set to remain high. Page 14
Nayeem denies Mathews a double-ton
Angelo Mathews missed out on his second double hundred by one run as Bangladesh bowled out Sri Lanka for 397 runs in the first Test in Chattogram on Monday. Bangladesh made a solid reply with the bat, reaching 76-0 at stumps on the second day, with opener Tamim Iqbal on 35 and Mahmudul Hasan on 31. Page 15
Inflation rate ‘much higher than BBS data’
The Citizen's Platform for SDGs, Bangladesh said on Monday that the country's inflation rate could be much higher than the official figure of 6.22 per cent until March this year as the official data are not always dependable. Page 17