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Senior Standard Chartered official due today

2011-04-18 00:00:00

Venkataramanan Anantharaman, Managing Director and Regional Head, Origination and Client Coverage, India and South Asia for Standard Chartered Bank will arrive in Dhaka today (Monday) for a two-day official visit. He will be accompanied by Nirukt Sapru, Managing Director &...

Shipbuilding industry needs regulatory framework

FE Report | 2011-04-18 00:00:00

FE ReportExperts Sunday said all authorisation, permission etc, including environmental certification, should be thoroughly streamlined for avoiding corrupt practices for speedy growth of shipbuilding industry in Bangladesh. Though Bangladesh has the potential to become a major ship exporting country within...

Lupin aims to break into top five in Japanese mkt

2011-04-18 00:00:00

NEW DELHI, April 17 (The Economic Times): Drug maker Lupin Sunday said it is aiming to become one of the top five generic pharmaceutical companies in Japan in the next three years. As part of the plan, the firm's Japanese...

China raises bank reserves again

2011-04-18 00:00:00

BEIJING, April 17 (AFP): China raised banks' required reserves Sunday for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world's second-largest economy. The reserve rate rise, which followed an increase in...

Tata Group to invest Rs 1200b in five years

2011-04-18 00:00:00

NEW DELHI, April 17 (The Economic Times): Diversified business house Tata Group will invest up to Rs 1200 billion across sectors in the domestic market in the next five years as it looks to more than double its revenues to...

BMW targets sale of 50 superbikes by year-end

2011-04-18 00:00:00

MUMBAI, April 17 (The Economic Times): German auto major, BMW, which debuted in the domestic market three months ago with a host models in the two-wheeler segment, is aiming to sell 50 motor-cycles by end-this year, besides introducing bikes below...

Maruti mulls seventh plant, aims to sell 3.0 million units by 2015-16

2011-04-18 00:00:00

NEW DELHI, April 17 (The Economic Times): The country's largest car maker Maruti Suzuki India is considering to set up a new plant, over and above the two new upcoming units in Manesar, as it aims to sell up to...

China toothpaste co posts 35pc decline in profit

2011-04-18 00:00:00

BEIJING, April 17 (Xinhua): Liuzhou Liangmianzhen, one of China's leading makers of oral hygiene products, posted on Sunday a decline of 35 per cent in net profit in 2010 on soaring costs and fierce competition. Net profit totaled 10.83 million...

Senior Standard Chartered official due today

2011-04-18 00:00:00

Venkataramanan Anantharaman, Managing Director and Regional Head, Origination and Client Coverage, India and South Asia for Standard Chartered Bank will arrive in Dhaka today (Monday) for a two-day official visit. He will be accompanied by Nirukt Sapru, Managing Director &...

G-20 sees global economy strengthening amid shocks

2011-04-18 00:00:00

WASHINGTON, April 17 (Bloomberg): Group of 20 finance chiefs said the world economy is strengthening even after recent shocks as they fleshed out details of a surveillance system aimed at highlighting and fixing fault lines that threaten growth. While the...

UAE to limit BlackBerry services

2011-04-18 00:00:00

DUBAI, April 17 (Reuters): The United Arab Emirates will stop individuals and small businesses accessing the most private data services offered by BlackBerry, a UAE newspaper said, but the government said no services would be disrupted to any subscribers. Only...

Call to engage third-party in public procurement process

FE Report | 2011-04-18 00:00:00

FE Report The stakeholders of public procurement from both the public and the private sectors have laid emphasis on creating scope for third-party engagement in the process of public procurement. The members of the Public-Private Stakeholders Committee (PPSC) on public...

Asian Tiger Capital Partners market update on DSE

2011-04-18 00:00:00

Events: The Benchmark General Index DGEN ended in the red for the second consecutive session to register loss of 0.62%. Upon resumption of trading the market gained 60 points during the first 30 minutes before steady selling pressure mainly as...

China raises bank reserves again

2011-04-18 00:00:00

BEIJING, April 17 (BBC): China's central bank has raised the amount of money that lenders must hold in reserve for the fourth time this year, as it battles rising inflation. By insisting banks hold more cash, the central bank hopes...

Russia president seeks Hong Kong finance ties

2011-04-18 00:00:00

HONG KONG, April 17 (AFP): Russian President Dmitry Medvedev held talks Sunday with Hong Kong's leader on a visit aimed at improving business ties and harnessing the territory's financial expertise to modernise Russia. In the first visit by a Kremlin...

China toothpaste co posts 35pc decline in profit

2011-04-18 00:00:00

BEIJING, April 17 (Xinhua): Liuzhou Liangmianzhen, one of China's leading makers of oral hygiene products, posted on Sunday a decline of 35 per cent in net profit in 2010 on soaring costs and fierce competition. Net profit totaled 10.83 million...

Senior Standard Chartered official due today

2011-04-18 00:00:00

Venkataramanan Anantharaman, Managing Director and Regional Head, Origination and Client Coverage, India and South Asia for Standard Chartered Bank will arrive in Dhaka today (Monday) for a two-day official visit. He will be accompanied by Nirukt Sapru, Managing Director &...

Gold fields to pay Iamgold $667m for minority stakes in Ghana mines

2011-04-18 00:00:00

JOHANNESBURG, Apr 17 (Bloomberg): Gold Fields Ltd. (GFI), the fourth- largest producer of the metal, agreed to buy Iamgold Corp (IMG)'s interests in its Tarkwa and Damang mines in Ghana for $667 million to increase its output and reserves. It's...

Gains in US home sales, starts probably failed to make up lost ground

2011-04-18 00:00:00

WASHINGTON, Apr 17 (Bloomberg):March increases in home sales and construction probably failed to make up for the ground lost the prior month, showing the U.S. residential real estate market continues to struggle almost two years into the economic recovery, economists...

France Telecom, Deutsche Telekom to prepare joint equipment purchases

2011-04-18 00:00:00

PARIS, Apr 17, (Bloomberg): France Telecom SA and Deutsche Telekom AG are preparing an accord that may lead to joint purchasing of telecommunications equipment at lower costs, according to a person familiar with the accord. The companies will announce their...

China showcases global muscle at auto show

2011-04-18 00:00:00

SHANGHAI, Apr 17 (AFP): The world's top car makers head to China this week for the Shanghai Auto Show, where they hope to cash in as the sector reels from last month's earthquake and tsunami in Japan. After two years...

Singapore brand carves niche in luxury market

2011-04-18 00:00:00

SINGAPORE, Apr 17 (AFP): In a luxury industry dominated by famous European brands, a Singapore company is making inroads with an exclusive line of colourful handbags made from crocodile skin. Selling for as much as $20,000 apiece, Kwanpen bags are...

Russia president seeks Hong Kong finance ties

2011-04-18 00:00:00

HONG KONG, April 17 (AFP): Russian President Dmitry Medvedev held talks Sunday with Hong Kong's leader on a visit aimed at improving business ties and harnessing the territory's financial expertise to modernise Russia. In the first visit by a Kremlin...

China toothpaste co posts 35pc decline in profit

2011-04-18 00:00:00

BEIJING, April 17 (Xinhua): Liuzhou Liangmianzhen, one of China's leading makers of oral hygiene products, posted on Sunday a decline of 35 per cent in net profit in 2010 on soaring costs and fierce competition. Net profit totaled 10.83 million...

Senior Standard Chartered official due today

2011-04-18 00:00:00

Venkataramanan Anantharaman, Managing Director and Regional Head, Origination and Client Coverage, India and South Asia for Standard Chartered Bank will arrive in Dhaka today (Monday) for a two-day official visit. He will be accompanied by Nirukt Sapru, Managing Director &...

Rural women play vital roles in attaining self-reliance

2011-04-18 00:00:00

RANGPUR, Apr 17 (BSS): The poor and distressed women have been playing vital roles in alleviating poverty and attaining economic self-reliance through various income-generating activities in the rural areas. Because of their relentless efforts in combating poverty, the overall socio-economic...

Lady's-finger brings him good fortune

Our Correspondent | 2011-04-18 00:00:00

Our CorrespondentGOPALGANJ, Apr 17: Mohammad Habi Sheikh (55) here has become self-reliant by cultivating lady's-finger on an extensive scale. He earns Tk 50,000 a month from his production. Constant endeavour has made the 55-year old Md. Habi Sheikh, son of...

Agri technology fair begins in Nilphamari

Our Correspondent | 2011-04-18 00:00:00

Our Correspondent NILPHAMARI, Apr 17: The district agriculture technology fair started in Nilphamari recently, arranged by the Department of Agriculture Extension (DAE) of Nilphamari district in district head office premises. In a simple ceremony the fair was opened by local...

B'baria BKB launches credit programme

Our Correspondent | 2011-04-18 00:00:00

Our CorrespondentBRAHMANBARIA, Apr 17: Brahmanbaria zone of the Bangladesh Krishi Bank (BKB) has taken up a special credit programme titled "Shuvo Hal Khata", a week-long drive on the occasion of Bengali New year-1418 to recover its outstanding loans. BKB Brahmanbaria...

Jessore business circle demands 'border card'

Our Correspondent | 2011-04-18 00:00:00

Our CorrespondentJESSORE, Apr 17: Businessmen in Jessore on Wednesday demanded issuance of 'border card' for the Benapole based businessmen for the sake of export-import. They also demanded development of land, river and railways at the ancient business centre of the...