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Photo: Pubali Bank Ltd.

2014-11-04 00:00:00

Sensex ends flat after hitting record high

2014-11-04 00:00:00

MUMBAI, Nov 3 (Reuters): The BSE Sensex and Nifty hit a third consecutive record high on Monday but the gains fizzled out later in the session, with both indexes ending flat as automakers such as Tata Motors declined after monthly...

European shares slip from 4-week high

2014-11-04 00:00:00

LONDON/PARIS, Nov 3 (Reuters): European equities retreated from a four-week high on Monday, with a survey showing sluggish euro zone factory growth hurting market sentiment and gas transport group Snam leading the utilities sector lower following a gas storage ruling....

Holcim profit hit by weak Europe, forex

2014-11-04 00:00:00

ZURICH, Nov 3 (Reuters): Swiss building materials group Holcim posted a drop in quarterly sales and profits on Monday as a recovery in India following May's elections failed to offset foreign exchange headwinds and weakness in Europe and Latin America....

HK shares finish lower

2014-11-04 00:00:00

SHANGHAI, Nov 3 (Reuters): Hong Kong shares finished lower on Monday as investors took profits following solid gains last week. The Hang Seng Index unofficially closed down 0.3 per cent at 23,915.97 points, while the China Enterprises Index of the...

Apollo Tyres hits new high

2014-11-04 00:00:00

MUMBAI, Nov 3 (Business Standard): Apollo Tyres has moved higher by 5 per cent to Rs 229 on the Bombay Stock Exchange (BSE), after the company said that the Delaware Court in the US has ruled in favour of Apollo's...

Photo: Social Islami Bank Limited (SIBL)

2014-11-04 00:00:00

Photo: IFIC Bank

2014-11-04 00:00:00

Photo: Standard Bank Limited

2014-11-04 00:00:00

Photo: Fareast Islami Life Insurance Co Limited

2014-11-04 00:00:00

Sweeping reforms in the financial sector

Atiur Rahman in the first of a two-part article | 2014-11-04 00:00:00

In this era of rapidly changing global financial environment, people's demand and society's needs are changing at a faster pace. Technological breakthrough also changes everything from customer relationships to business models. As elsewhere, banking in Bangladesh faces a multitude of...

Challenge of attaining middle-income status

M. Aminul Islam Akanda | 2014-11-04 00:00:00

Bangladesh is one of the 47 least developed countries (LDCs) in the world. The country also belongs to the World Bank's list of 34 low-income countries (LICs). The United Nations categorises a group of countries with low levels of income...

Towards a cooperative movement

2014-11-04 00:00:00

Given the bitter experience with multi-level marketing (MLM) companies - many of which posed to be cooperatives, any such venture is likely to produce mistrust in the minds of people aware of the misdeeds. But this does not take away...

Economies of micro-finance

Abdul Bayes | 2014-11-04 00:00:00

The Asia-Pacific Regional Agricultural Credit Association (APRACA) recently organised a workshop on microfinance in agriculture in Siem Reap, Cambodia. Representatives from Bangladesh, India, Nepal,  Pakistan, Sri Lanka, the Philippines, Thailand, Cambodia, Myanmar and a few other countries participated in the...

Taming power glitches

Rahman Jahangir | 2014-11-04 00:00:00

A technical glitch at Bheramara, which is also the point from where imported power from neighbouring India is being pumped into the national grid, is reported to have caused Bangladesh's worst blackout ever. Now that the country has experienced one...

Lessons from power blackout

2014-11-04 00:00:00

The recent 12-hour power blackout all over the country has raised a storm of discussions and concerns. The government should now take appropriate steps so that such incidents are not repeated in future. The national grid should be de-centralised so...

Independent power grids needed

2014-11-04 00:00:00

Power blackout is an ever-present potential threat for any AC electrical transmission and distribution system. To minimise possibility of its happening to our power supply system, the tolerance of frequency is most critical. The frequency for AC power supply is...

Condition of Hazrat Shahjalal Airport

2014-11-04 00:00:00

We fully endorse the views of Mr. Shamsul Huq Zahid in his article published on November 3, 2014 on the condition of Hazrat Shahjalal International Airport (HSIA).  I feel ashamed whenever I use the airport. There had been no occasion...

BCIM-EC to promote regional and sub-regional cooperation

M S Siddiqui | 2014-11-04 00:00:00

Regionalism and sub-regionalism are recent concepts in development economics. The enduring pursuit of regionalism and sub-regionalism has an underpinning thrust on peace, security and development through exploration, identification and gradual intensification of trade, economic and cultural ties among the geographically...

Khaleda calls for struggle to \\\'restore democracy\\\'

2014-11-04 00:00:00

Accusing the government of snatching people's all rights, BNP chairperson Khaleda Zia urged all Monday to get prepared for a struggle imbued with the spirit of the holy Ashura to 'restore democracy' in the country, reports UNB. "The current regime...

Khaleda calls for struggle to \\\'restore democracy\\\'

2014-11-04 00:00:00

Accusing the government of snatching people's all rights, BNP chairperson Khaleda Zia urged all Monday to get prepared for a struggle imbued with the spirit of the holy Ashura to 'restore democracy' in the country, reports UNB. "The current regime...

No scope, provision for review, say Law Minister, AG

2014-11-04 00:00:00

Law Minister Anisul Huq said Monday that there is no scope to file a review petition over the Supreme Court (HC) verdict that upheld the death sentence of Jamaat-e-Islami leader Kamaruzzaman for war crimes, report agencies. "Earlier, the Supreme Court...

Jabbar perpetrated atrocities in Mathbaria in \\\'71, says PW

2014-11-04 00:00:00

A Liberation War hero prosecution witness (PW) accused Monday Engineer A Jabbar of perpetrating atrocities at Noligram village in Mathbaria, of Pirojpur killing 11 unarmed minority people, including his father, in 1971, reports UNB. "The perpetrators had also burned down...

We\\\'ll fight until the end, Kamaruzzaman defence

2014-11-04 00:00:00

Md Kamaruzzaman's defence counsel has said they will continue the 'legal battle' until his client's death sentence, upheld by the Supreme Court (SC), is reviewed, reports bdnews24.com. Tajul Islam, who represents Jamaat-e-Islami's top leadership at the war crimes tribunals, said:...

AL may face extinction if midterm polls not held: BNP

2014-11-04 00:00:00

BNP joint secretary general Ruhul Kabir Rizvi warned Monday that the ruling Awami League (AL) may face extinction if it does not arrange midterm polls, reports UNB. "Awami League leaders should beware there is a possibility of obliteration of the...

End impunity for crimes against journalists: US

2014-11-04 00:00:00

The United States (US) said Monday that ending impunity for crimes against journalists is both a moral imperative and a practical necessity in creating free, open, and stable societies around the world, reports UNB. "Impunity for those who threaten, beat,...

30 hurt in AL intra-party clash in Magura

Our Correspondent | 2014-11-04 00:00:00

MAGURA, Nov 3: At least 30 people were injured in an intra- party clash of the Awami League (AL) in village Balidia under Mohammadpur Upazilla of Magura Monday. Locals informed that rivalry was prevailing between Balidia union parishad (UP) chairman...

Trial in RU BCL leader Faruk murder case yet to begin

RU Correspondent | 2014-11-04 00:00:00

RAJSHAHI UNIVERSITY, Nov 3: Though four years have elapsed since the murder of Faruk Hossain, a former student of Mathematics Department of Rajshahi University (RU) and also hall unit leader of Bangladesh Chhatra League (BCL), in February 2010, the trial...

PM pays homage to Bangabandhu, nat\\\'l leaders

2014-11-04 00:00:00

Prime Minister (PM) Sheikh Hasina paid tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing wreaths at his portrait in front of Bangabandhu Memorial Museum at Dhanmondi in the city Monday, marking the 39th Jail Killing Day,...

Milad Mahfil at BNP office today marking Ashura

2014-11-04 00:00:00

A Milad Mahfil will be held at the BNP's Nayapaltan central office today (Tuesday), marking the holy Ashura, reports UNB. The programme will be arranged on the ground floor of the BNP's central office after Asr prayers, said a press...