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Adani shuts one power unit over payment backlog

M AZIZUR RAHMAN | 2024-11-01 00:00:00

India's Adani conglomerate shut one of its two power units in Jharkhand that halved its cross-border electricity supply to Bangladesh in a hitch over payment backlog, sources said. They said Adani Power Jharkhand Ltd (APJL) did it as the interim...

India aim to avoid clean Test sweep

2024-11-01 00:00:00

MUMBAI, Oct 31 (PTI): Pushed to a corner like never before, India face their biggest challenge at home when they clash with New Zealand in the must-win third Test as they are left to salvage pride and fight a perception...

Shakib unlikely to play ODIs against Afghanistan, says BCB chief

2024-11-01 00:00:00

The Bangladesh Cricket Board (BCB) president Faruque Ahmed has said on Thursday that Shakib Al Hasan is unlikely to play in the three-match ODI series against Afghanistan in Sharjah, reports ESPN cricinfo. Faruque stated it was Shakib's decision to opt...

Women footballers to receive due salaries soon: Govt

2024-11-01 00:00:00

Bangladesh women's team footballers will receive their due salaries as soon as possible, said Shafiqul Alam, press secretary to the chief adviser of Bangladesh's interim government, on Thurs-day, reports UNB.The women's team beat Nepal in the SAFF Championship final to...

Tigers taste second worst defeat in their Test history

2024-11-01 00:00:00

CHATTOGRAM, Oct 31 (Agencies): On a day when Ban-gladesh Women's football team, returned home to hero's welcome after winning the SAFF Championship, Bangladesh male cricket team produced one of the most shocking performances to taste an ignominious defeat to South...

SAFF Women's Champions get hero's welcome

2024-11-01 00:00:00

Bangladesh women's national football team which won the SAFF Women's Championship 2024 returned to Dhaka on Thursday afternoon, greeted with fanfare and a warm welcome by officials, fans, and Bangladesh Football Federation (BFF) leaders, who proudly celebrated the team's remarkable...

A layer of thick fog envelops Meherpur

2024-11-01 00:00:00

A layer of thick fog envelops Meherpur town as winter sets in — Focus Bangla

Man to die for killing wife in Bogura

2024-11-01 00:00:00

BOGURA, Oct 31 (BSS): A court here on Thursday sentenced a man to death for killing his wife in Shahjahanpur upazila of the district in 2005.District and Sessions Judge Jalal Uddin handed down the verdict to Chand Mia, hailed from...

University student dies in Barishal bus crash triggering highway blockade

2024-11-01 00:00:00

BARISHAL, Oct 31 (UNB): A speeding bus has crushed a university student to death triggering a blockade of Dhaka-Barishal highway for several hours.The deceased Maisha Fauzia Mim, a student at the University of Barishal, was crossing a road near Gate...

Horse carts a commonplace in char areas of Rangpur

OUR CORRESPONDENT | 2024-11-01 00:00:00

RANGPUR, Oct 31: To the need of commoners, horse-drawn carts still facilitate movement across char (shoal) areas in Rangpur district though its use as a mode of transport has become obsolete in most parts of the world.Both demand and use...

Modhumati erosion fury ravages Magura

OUR CORRESPONDENT | 2024-11-01 00:00:00

MAGURA, Oct 31: Erosion by the Modhumati River erosion has taken a turn for the worse in Mohammadpur upazila of Magura, much to the worry of the local residents. Modhumati River erosion heat the upazila for the first time in...

Big Tech's AI splurge worries investors about returns ahead of Amazon results

2024-11-01 00:00:00

Big technology companies including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested, reports Reuters.Microsoft and...

Companies boost social and climate reporting amid ESG backlash

2024-11-01 00:00:00

Many US companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows, reports Reuters.The trend shows the importance investors and regulators now place on environmental,...

Major Gulf markets gain on Israel-Hezbollah ceasefire hopes

2024-11-01 00:00:00

Most major stock markets in the Gulf rose in early trade on Thursday, buoyed by hopes for a potential ceasefire deal between Israel and Hezbollah, reports Reuters.Lebanon's prime minister expressed hope on Wednesday that a ceasefire deal with Israel would...

COP29 at risk from graft, fossil fuel interests: Report

2024-11-01 00:00:00

PARIS, Oct 31 (AFP): UN climate summits risk "being undermined by undue corporate influence and fossil fuel industry capture", two corruption watchdogs said Thursday as oil-and-gas producer Azerbaijan prepares the next global meeting.Azerbaijan's hosting of the COP29 talks in November...

Sonali Bank Staff College course ends

2024-11-01 00:00:00

Sonali Bank Staff College organised a five-week-long course titled "Foundation Course for Newly Appointed Senior Officer & Equivalent and Officer & equivalent" that ended with a certificate award ceremony on Thursday. Sonali Bank Chairman Mohammad Muslim Chowdhury handed over certificates...

TAKAFUL ISLAMI INSURANCE BOARD MEETING HELD

2024-11-01 00:00:00

The 141st meeting of the Board of Directors of Takaful Islami Insurance Limited was held at Dhanmondi in Dhaka on Tuesday. Chairman of the company Tahmina Afroz presided over the meeting attended by all members of the Board and Chief...

WALTON OPENS FIRST FRANCHISES SHOWROOM AT ASHULIA

2024-11-01 00:00:00

Global electronics brand Walton has launched 'Franchise business network' to deliver international quality products and services to customers faster. The new sales network kicked off with the opening of its first franchise showroom in Ashulia, Savar. Popular film actor Amin...

Shahjalal Islami Bank holds 386th board meeting

2024-11-01 00:00:00

The 386th meeting of the Board of Directors of Shahjalal Islami Bank PLC was held on Wednesday at Corporate Head Office of the bank. The meeting was presided over by Chairman A. K. Azad. The Board approved a number of...

NEW DEAL ENABLES EBL CARDHOLDERS ELIGIBLE FOR SPECIAL BENEFITS AT COX'S BAZAR HOTEL

2024-11-01 00:00:00

Best Western Heritage, a leading luxury hotel in Cox's Bazar, is offering special benefits to EBL cardholders as per an agreement signed between the hotel and Eastern Bank (EBL). M. Khorshed Anowar, deputy managing director of the bank, and Md....

National Tubes returns to profit as crisis of raw materials eases

FE REPORT | 2024-11-01 00:00:00

The state-run National Tubes returned to profit in FY24 after two consecutive years, riding on a steep rise in revenue income.The company has reported a net profit of Tk 695 million for FY24 while it endured a loss of Tk...

Winner of Vision's campaign gets flat

2024-11-01 00:00:00

The winners of the first phase of the flagship 'Dream Home' campaign by Vision Emporium, an electronics retail chain, have been announced, says a statement.Mashiyat Ara Maria from Lalmonirhat has won a flat under the campaign. She received the key...

Hasan BASIS president, Sohel SVP

FE REPORT | 2024-11-01 00:00:00

M Rashidul Hasan has been nominated as the new president of the Bangladesh Association of Software and Information Services (BASIS) and Md Mostafizur Rahman Sohel as senior vice-president.This changeover follows the resignation of former president Russell T Ahmed and vice-president...

CDA shelves plan to build five controversial ramps

NAZIMUDDIN SHYAMOL | 2024-11-01 00:00:00

CHATTOGRAM, Oct 31: At last, the Chattogram Development Authority (CDA) has shelved the plan to construct five controversial ramps of Chattogram Elevated Expressway in response to public protests.Local people had long been staging street demonstrations against the CDA's decision to...

Policy support needed for mutual fund industry : Experts

FE REPORT | 2024-11-01 00:00:00

The mutual fund industry needs to be revived with policy support to improve the health of the capital market, experts said at a meeting at the ICB head office."We are lagging behind neighbouring countries in this regard. Everyone needs to...

Most multinational cos hit by unrest, floods

FE REPORT | 2024-11-01 00:00:00

The dwindling demand for products amid persistent high inflation and lingering macroeconomic challenges hit the multinational companies, with sales and profit narrowing year-on-year in the nine months through September this year.Their production costs have gone up due to higher energy...

Shimanto Bank inks deal with Multibrand Workshop

2024-11-01 00:00:00

Shimanto Bank signed an MoU with Multibrand Workshop at the bank's head office recently. Under this MoU, the Credit & Debit cardholders of the bank will enjoy discounts when using vehicle repair services and Pre-Purchase Checking service at Multibrand Workshop....

Citizens Bank opens Imamganj Branch

2024-11-01 00:00:00

Mohammad Masoom, Managing Director & CEO of Citizens Bank PLC, formally inaugurated the bank's branch at Imamganj in Dhaka on Wednesday in presence of S M Shofiqul Hoq, one of the directors of the bank, local elite, prominent business persons...

Social Islami Bank kicks off new campaign

2024-11-01 00:00:00

Social Islami Bank launched a campaign titled 'Building a Stronger Tomorrow' at its head office on Thursday, unveiling the new motto: 'Resilience, Recovery, and Rejuvenation'. This initiative reflects the bank's commitment to strengthening its financial foundation. Chairman of the bank...

UCB HOLDS 501ST BOARD MEETING

2024-11-01 00:00:00

United Commercial Bank PLC (UCB) held its 501st Board meeting at its corporate head office recently, with its Chairman Sharif Zahir in the chair. Md Shazzad Hossoin, vice-chairman of UCB; Md Yusuf Ali, chairman of the risk management committee; Obaidur...