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DSEX adds 41.97 points

FE Report | 2014-01-30 00:00:00

Stocks returned to the green Wednesday after two sessions' marginal correction with turnover improved slightly as investors went for buying large cap stocks amid optimism. The market opened with a positive note and the upward trend continued till the market...

BSEC to revise MF\\\'s investment ceiling

FE Report | 2014-01-30 00:00:00

The securities regulator plans to revise the investment ceiling of mutual fund (MF) once again to boost the returns by reducing their investment risks, officials said. Officials of the Bangladesh Securities and Exchange Commission (BSEC) say that the regulator has...

Ananda Shipyard to supply dredgers

FE Report | 2014-01-30 00:00:00

Ananda Shipyard & Slipways Ltd and world-famous US dredger manufacturing organization Ellicott Dredges LLC is assisting Bangladesh Government in regaining the glory of the riverine Bangladesh by supplying three dredgers  for maintaining the navigability of rivers. These two organizations will...

News Brief

2014-01-30 00:00:00

Brokers' Assoc to be launched Dhaka Stock Exchange (DSE) will form an association named --- 'DSE Brokers' Association of Bangladesh' under Trade Organisations Ordinance 1961, says a press release. In this regard, a 15-member convening committee was formed Wednesday at...

Photo: Standard Chartered Bank

2014-01-30 00:00:00

Many big cities yet to come under 3G network coverage

Jamal Uddin | 2014-01-30 00:00:00

The mobile phone operators' 3G or third-generation network coverage that aids the faster internet service could not be ensured in all big cities of the country till now, though it was promised. As a result, the customers having no access...

India\\\'s NSE index marks 2-month closing low

2014-01-30 00:00:00

MUMBAI, Jan 29 (Reuters): India's NSE index fell for a fourth consecutive session on Wednesday to its lowest close in two months as banks were hit after biggest Indian private lender ICICI Bank said bad loans had risen and it...

Nikkei jumps most in 5 months

2014-01-30 00:00:00

TOKYO, Jan 29 (Reuters): Japan's Nikkei share average jumped 2.7 per cent on Wednesday, its biggest gain in almost five months, after Turkey's huge hike in interest rates halted selling in emerging markets and bolstered risk appetite. The Nikkei rose...

Photo: Marc Schneider, Group President of PVH

2014-01-30 00:00:00

Photo: NLI Securities Ltd

2014-01-30 00:00:00

Photo: Social Islami Bank Limited

2014-01-30 00:00:00

Photo: Annual Branch Managers\\\' Conference-2014 of Central Insurance Company Ltd.

2014-01-30 00:00:00

IPO diary

2014-01-30 00:00:00

India’s Bharti Airtel profits leap, first rise in 4 years

2014-01-30 00:00:00

NEW DELHI, Jan 29 (AFP): India's top mobile firm Bharti Airtel reported a surge in quarterly profit Wednesday, breaking a nearly four year decline, helped by mobile data earnings and easing tariff wars. The company, the fourth largest globally by...

Japan B787 battery investigators look to latest overheating for clues

2014-01-30 00:00:00

TOKYO, Jan 29 (Reuters): Japanese investigators probing a lithium-ion battery meltdown on a Boeing Co B787 jetliner a year ago are looking at a battery that overheated on a Dreamliner in Tokyo this month to help unlock the cause of...

Novartis reports profits dip 1.0pc in 2013

2014-01-30 00:00:00

ZURICH, Jan 29 (AFP): Swiss pharmaceuticals giant Novartis on Wednesday announced that its net profit fell 1.0 per cent in 2013 to $9.2 billion (6.8 billion euros), blaming the impact of unfavourable exchange rates. Without taking into account rate fluctuations-notably...

Detailed DSE Trading

2014-01-30 00:00:00

10th parliament begins journey

2014-01-30 00:00:00

The much-talked-about 10th parliament began its journey at 6:06 pm on Wednesday with Deputy Speaker Shawkat Ali in the chair, reports UNB. The elected MPs of the ruling and opposition benches gathered in the House soon after Magrib prayers as...

\\\'I won\\\'t bow to pressure of any vested group\\\'

FE Report | 2014-01-30 00:00:00

Communications Minister Obaidul Quader said Wednesday he will not bow down to the pressure of any vested group relating to recapturing the state-owned grabbed lands for proper use of those to reduce traffic congestion. He said during the last government's...

ACC to probe amassing of wealth by Anee, Parwar

FE Report | 2014-01-30 00:00:00

The Anti-Corruption Commission (ACC) took a decision Wednesday to begin investigation into the alleged amassing of illegal wealth by former Bangladesh Nationalist Party (BNP) lawmaker Shahid Uddin Chowdhury Anee and Jamaat-e-Islami lawmaker Mia Golam Parwar. The decision was taken at...

Afghan, Ugandan presidents greet Sheikh Hasina

2014-01-30 00:00:00

President of the Islamic Republic of Afghanistan Hamid Karzai congratulated Sheikh Hasina on her reelection as Prime Minister (PM), reports BSS President Karzai in his message hoped that the existing friendly relations between Afghanistan and Bangladesh would continue to be...

Mother-in-law of Tarique Rahman challenges ACC move to sue her

FE Report | 2014-01-30 00:00:00

Lawyers of Syeda Iqbal Mand Banu, mother-in-law of BNP senior vice-chairman Tarique Rahman, challenged on Wednesday the Anti-corruption Commission's (ACC's) decision on filing case against her for allegedly amassing wealth illegally. Terming the decision illegal, the lawyers submitted an application...

Weather

2014-01-30 00:00:00

Weather may remain dry with temporary partly cloudy sky over the country today (Thursday). Moderate to thick fog may occur over the river basins and light to fog may occur elsewhere in the country from midnight until morning, Met Office...

Photo: Dr Shirin Sharmin Chaudhury taking oath

2014-01-30 00:00:00

Photo: Jatiyotabadi Mahila Dal brought out a procession

2014-01-30 00:00:00

Orion Power Khulna inks deal with French firm Alstom

FE Report | 2014-01-30 00:00:00

Orion Power Khulna Ltd, a sister concern of leading industrial conglomerate Orion Group, signed contracts with Alstom of France to implement a 630-megawatt (mw) coal-fired independent power producer (IPP) plant. Under the agreement, Alstom will provide boiler, turbine and generator...

Effective mechanism to stop recurrence of industrial disasters stressed

FE Report | 2014-01-30 00:00:00

German Ambassador Albrecht Conze Wednesday stressed the need for effective disaster management mechanism in Bangladesh to stop recurrence of further industrial disasters like Tazreen and Rana Plaza. "Disasters will always occur, but their amplitude can often be reduced by quick...

‘Special drive against drug adulteration soon’

2014-01-30 00:00:00

Health and Family Welfare Minister Mohammad Nasim Wednesday said special drives would be carried out against drug adulteration soon as it is very harmful for public health, reports BSS. "Nobody, who is involved in production and marketing of adulterated medicine,...

Accused makes attempt at suicide in police custody

2014-01-30 00:00:00

An accused in a murder case made a suicide attempt in the safe custody of Ramna police station Wednesday afternoon. "Motiur Rahman Ripon (30), an accused in the killing of a Swechhasebak League leader, made an attempt to commit suicide...

Bullet-hit \\\'mugger\\\' dies at Pangu Hospital

2014-01-30 00:00:00

Suspected mugger Javed, who sustained bullet injuries in firing by police in the city's Pallabi area on January 24, succumbed to his wounds at the National Institute of Traumatology and Orthopaedic Rehabilitation (Nitor), popularly known as Pangu Hospital, on Tuesday...