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TAS gets Country Manager

2014-07-28 00:00:00

Md Reajul Hoque has recently joined as the first Country Manager of Tsuneishi Alliance Solutions Limited (TAS), a Japanese joint venture in Bangladesh. Before joining TAS, he worked for different multinationals in senior positions. Prior to join TAS, he was...

Top-7 Sensex cos add Rs 777 billion in m-cap

2014-07-28 00:00:00

NEW DELHI, July 27 (PTI): Helped by a smart rally in the market valuation of IT bellwether TCS, the top-seven most valued Indian companies together added Rs 767.93 billion in their market capitalisation (m-cap) last week. Amid a strong stock...

Govt mulls 10pc cash incentive for frozen fish exporters

Rezaul Karim | 2014-07-28 00:00:00

The government is considering the 10 per cent cash incentive for frozen fish exporters, which was earlier scrapped by the government for fiscal year (FY) 2014-15, officials said. An official of the ministry of finance (MoF) said the authority concerned...

BSE small stocks give better returns this year

2014-07-28 00:00:00

NEW DELHI, July 27 (PTI): Helped by smart participation from retail investors and bullish stock market sentiment, the mid-cap and small-cap indices of the BSE have given handsome returns to investors, outperforming their large-cap peers so far this year. While...

FII inflows hit $5b in July in Indian market

2014-07-28 00:00:00

NEW DELHI, July 27 (PTI): Betting big on the government's reforms agenda, overseas investors have poured in more than USD 5 billion in the Indian market so far this month taking the total inflow to over USD 25 billion since...

Sebi mulls change in takeover norms

2014-07-28 00:00:00

NEW DELHI, July 27 (PTI): Capital markets watchdog Securities and Exchange Board of India (Sebi) may soon consider some changes in its takeover norms for listed companies, including in the provisions governing price offered to minority investors and those defining...

ICB AMCL discloses NAV of different funds

2014-07-28 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), disclosed the following total net asset value (NAV) of different open-end mutual funds (MFs) at the close of business operation on July 23, 2014, said...

IPO Diary

2014-07-28 00:00:00

Jewellers fret over security during Eid vacation

Sonia H Moni | 2014-07-28 00:00:00

Country's jewellers are worried over the security of their jewellery shops during the long Eid-ul-Fitr vacation. "During Eid vacation all the shopping malls, markets and offices will remain closed. And taking the advantage of this serene environment robberies may take...

ICCB suggests interest rate cut to help foster investment

2014-07-28 00:00:00

The commercial banks of the country have been suggested lowering interest rate to drive investment particularly in basic industries and infrastructure. The International Chamber of Commerce, Bangladesh (ICCB) has put forwarded the suggestion in the editorial comment of its latest...

News Briefs

2014-07-28 00:00:00

India finalises deal to export power to Nepal KATHMANDU, July 27: India and Nepal are finalizing an agreement to provide the energy-starved Himalayan nation with electricity, India's foreign minister Sushma Swaraj said at the end of a three-day official visit...

Photo: Deputy minister for Environment and Forests Abdullah Al Islam Jakob, MP,

2014-07-28 00:00:00

Robi distributes Eid clothes among poor children

2014-07-28 00:00:00

Mobile phone operator Robi has completed distribution of clothes as Eid gifts among underprivileged children across the country. A total of 25,000 underprivileged children in all 64 districts received new clothes from Robi which commenced the countrywide campaign in early...

US unhappy over India\\\'s stance on WTO rules

2014-07-28 00:00:00

Washington, July 27 (PTI): The US Sunday expressed disappointment over India's stand on worldwide reform of trade facilitation rules saying "backsliding" on commitments has brought the WTO to the brink of crisis. At the meeting of the 160-member World Trade...

Import-export thru\\\' Hili land port suspended for six days

2014-07-28 00:00:00

RANGPUR, July 27 (BSS): The import and export activities will remain suspended for six days from Sunday through Hili Land Port (HLP) under Hakimpur upazila in Dinajpur on the occasion of Eid-ul-Fitr, official sources said. According to the sources in...

Audi cuts spare-part prices in China amid anti-monopoly probe

2014-07-28 00:00:00

SHANGHAI, July 27 (Reuters) : Volkswagen AG's premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry. The National Development and...

China\\\'s small enterprises get more bank credit

2014-07-28 00:00:00

BEIJING, July 27 (Xinhua) : China's financial institutions lent more money to small and micro companies in the first half of 2014 as the country promised small businesses better financial services. The People's Bank of China said in a semiannual...

News in Brief

2014-07-28 00:00:00

Obama calls for closing corporate tax loopholes WASHINGTON, July 27 : US President Barack Obama yesterday called for closing corporate tax loopholes that allow US companies to relocate their headquarters overseas to avoid paying corporate taxes at home. "Even as...

Photo: Sanlucar De Barrameda, Spain : Lola stands on the doorstep of her appartment

2014-07-28 00:00:00

US suggests India to revitalise economy

2014-07-28 00:00:00

WASHINGTON, July 27 (Gulf News): India needs to revitalise its economy to reach the potential as a strategic power across the Asia region and across the globe, a top US official has said.  "For India to be the power and...

UAE to introduce new visa fee system

2014-07-28 00:00:00

ABU DHABI, July 27 (Gulf News): The General Directorates of Residency and Foreigners Affairs at the Ministry of Interior says all technical and services preparations have been made to launch a new visa and fees system to be applied at...

HK asked to stay alert despite strong currency

2014-07-28 00:00:00

HONG KONG, July 27 (Reuters): Hong Kong must stay alert to the possibility of large capital outflows even as its currency has had unusual strength recently due to inflows for acquisitions, share-dividends and related transactions, a senior official at its...

ME cos need $91b refinancing

2014-07-28 00:00:00

DUBAI, July 27 (Gulf News): Middle East investment grade companies face refinancing needs of about $91 billion (Dh334 billion) from bank and bond debt due to mature over the next four years. The refinancing needs of the region accounts for...

Russia stoic on sanctions threat, analysts worried

2014-07-28 00:00:00

MOSCOW, July 27 (AFP): Russia has remained stoic about the threat of tighter Western sanctions over the Ukraine crisis, but analysts are concerned that the uncertainty they generate could alone choke off growth. The downing of a Malaysian passenger airliner...

US, China growth come into focus as Ukraine crisis on

2014-07-28 00:00:00

FRANKFURT, July 27 (Reuters): With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy. Wednesday's US gross domestic product (GDP) reading and jobs...

exchange rate

2014-07-28 00:00:00

Photo: The banks experienced heavy pressure across the city

2014-07-28 00:00:00

Photo: BARCELONA, Spain: President of Spain\\\'s biggest savings bank La Caixa Isidre Faine (L)

2014-07-28 00:00:00

Photo: KUNMING, China: A worker cleaning models of apartments at a showroom

2014-07-28 00:00:00

Bumper jute production expected in Panchagarh

2014-07-28 00:00:00

PANCHAGARH, July 27 (BSS): Department of Agriculture Extension (DAE) of Panchagarh district is expecting bumper jute production in all five upazilas of the district in the current season. The DAE sources said that 10,200 hectares of land have brought under...