BEIJING, Sept (BBC): Car company Volvo has abandoned its target to produce only fully electric cars by 2030, saying it now expects to be selling some hybrid vehicles by that date.The carmaker blamed changing market conditions for its decision to...
BENGALURU, Sept 05 (Reuters): India's Reliance Industries, the country's most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital.The board recommended an increase in authorized share capital to 500 billion...
NEW DELHI, Sept 05 (Reuters): The leaders of India and Singapore on Thursday signed an agreement to partner and cooperate in semiconductors, in a deal aimed at giving Singaporean firms a greater role in supply chains in the Indian market,...
HONG KONG, Sept 5 (AFP): Asian markets bounced on Thursday after the turmoil of the previous day as traders assess the outlook for US interest rate cuts after another set of below-par data put extra focus on the upcoming jobs...
BENGALURU, Sept 5 (Reuters): India could soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that, though already among the best globally, is...
NEW YORK/LONDON, Sept 5 (Reuters): Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from the gradual easing of borrowing costs, with scant hope of a return to the free money...
Tesla shares rose 2.5 per cent on Thursday after the electric automaker stuck to its plans to roll out the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators in the regions, reports Reuters.This...
SINGAPORE, Sept 5 (Reuters): India's stock market rally is ramping up its index weighting and creating a dilemma for global fund managers: sit back and watch as their relative exposure shrinks while the market grows, or buy in at increasingly...
National Bank Limited (NBL) officially launched a new product titled 'Nischinto Oboshor' at its head office on Thursday. The 'Nischinto Oboshor' launching programme was officially inaugurated by Md Touhidul Alam Khan, Managing Director & CEO of the bank, as chief...
The 517th board meeting of Social Islami Bank PLC was held at its head office in the city on Thursday. Prof Dr M Sadiqul Islam, Chairman of the board, presided over the meeting. Other directors of the bank Major (Retd)...
The 47th meeting of Bank Asia Shariah Supervisory Committee was held at the Bank Asia Tower, Karwan Bazar, Dhaka recently. Chairman of the reconstituted Shariah Supervisory Committee Mufti Shahed Rahmani, Member Secretary Maulana Shah Mohammad Wali Ullah, Faqih Member Maulana...
Al-Arafah Islami Bank (AIB) PLC opened its 224th branch in Chandpur on Thursday. Managing Director and CEO of the bank Farman R Chowdhury inaugurated the new branch as the chief guest.
With a view to expanding the range of remittance services, NRBC Bank PLC signed an agreement with Placid Express, USA, a US-based remittance company, at the bank's head office in the city on Wednesday. Kabir Ahmed, Deputy Managing Director of...
The 880th meeting of Shahjalal Islami Bank's executive committee was held on Wednesday at the Corporate Head Office of the bank. Akkas Uddin Mollah, the EC chairman of the bank presided over the meeting. The committee also discussed investment. Among...
BRAC Bank has entered a strategic partnership with the Mediterranean Shipping Company (MSC), the world's largest container shipping company, to support its cashless transformation initiatives. The bank has deployed Real-Time Cash Deposit Machines at MSC's Dhaka and Chattogram offices. In...
Newly-appointed Chairman of Sonali Bank PLC Mohammad Muslim Chowdhury joined a meeting of the Board of Directors at the head office on Thursday, says a press release. Bank's CEO & MD Md. Afzal Karim greeted the Chairman on behalf of...
FE REPORT | 2024-09-06 00:00:00
The new board of directors of United Commercial Bank (UCB) on Thursday scrapped the three-month-old plan of a Tk 500 million investment in a close-ended mutual fund. The previous board had made the investment plan.The UCB was controlled by former...
FE REPORT | 2024-09-06 00:00:00
The DSE Brokers Association (DBA) has requested the securities regulator to reconsider the recent appointment of independent directors to the board of the Dhaka bourse, raising concerns over "conflict of interest". The DBA on Thursday sent a letter in this...
FE REPORT | 2024-09-06 00:00:00
Linde Bangladesh has declared a record 4,100 per cent interim cash dividend for January-July this year based on audited financial reports for the period.This is the highest ever cash dividend declared by any company listed in Bangladesh's stock market, market...
Light to moderate rain/thunder showers is likely to occur at a few places until 6:00 pm today (Friday), says Met office.The highest temperature in the country on Thursday was recorded at 35.5 degrees Celsius in Faridpur while the lowest temperature...
‘Army chief has no social media account’Chief of Army Staff General Waker-uz-Zaman does not have any personal social media accounts, according to Inter-Services Public Relations (ISPR). In a media statement on Thursday, ISPR urged the public not to be misled...
Three more persons have died of dengue in the 24 hours until Thursday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 91 this year, reports UNB.During the period, 358 more patients were hospitalised with viral...
Information and Broadcasting Adviser Nahid Islam has said the government has the responsibility to look after the families of martyrs, who were killed during the student-led upsurge, reports BSS."We achieved a new Bangladesh through the bloodshed of students and mass...
FE REPORT | 2024-09-06 00:00:00
The Anti-Corruption Commission (ACC) has initiated a probe into corruption allegations involving Nuruzzaman Ahmed, former social welfare minister, Md Mahbub Ali, former state minister for civil aviation and tourism, and lawmaker Md Akhteruzzaman Babu.ACC Deputy Director and Public Relations Officer...
Mohammad Azam, professor of Bangla Department at Dhaka University, has been named as the new director general (DG) of Bangla Academy, reports bdnews24.com.Khalil Ahmed, secretary of the Ministry of Cultural Affairs, informed of the appointment on Thursday.Asked about the matter,...
FE REPORT | 2024-09-06 00:00:00
The Anti-Corruption Commission (ACC) has filed a corruption case against three individuals, including a former manager of Agrani Bank, for allegedly embezzling over 180 million through fraudulent means.The case was lodged by ACC Deputy Director Md. Mustafizur Rahman at the...
Dr SMA Faiz, former professor of the Department of Soil, Water and Environment of Dhaka University, has been appointed as the chairman of University Grants Commission (UGC), reports UNB. The Education Ministry issued a notification in this regard on Thursday....
Chief Adviser (CA) to the interim government Dr Muhammad Yunus has placed a wreath at the Shikha Anirban in Dhaka Cantonment, paying tributes to the martyred members of the armed forces who sacrificed their lives in the Great War of...
FE REPORT | 2024-09-06 00:00:00
The Cabinet Division on Thursday instructed all government offices to use alternative products to control environmental pollution caused by single-use plastic items. This directive was issued following a request from the environment, forests and climate change adviser.The Cabinet Division has...
Chief Election Commissioner (CEC) Kazi Habibul Awal speaking at a press conference at the Election Commission in the capital on Thursday, where he announced his resignation along with that of other ECs. — Focus Bangla
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