MUMBAI, Feb 10 (Business Standard): Unitech Limited today received Rs 20 billion from Telenor Asia for acquisition of further 7.15 per cent stake in Unitech Wireless by way of issuance of fresh shares.In a filing to the Bombay Stock Exchange...
MUMBAI, Feb 10 (Economic Times): Shares of Goodyear India surged 20 per cent for a second straight day in reaction to the news of its delisting plans from the BSE, making it the biggest gainer in the BSE Smallcap Index.In...
KARACHI, Feb 10 (Business Recorder): The KSE-100 index Tuesday lost 23.52 points to close at 9,786.46 points level due to profit taking in late hours. The market opened on a positive note and the index hit 9,867.04 points intra-day high,...
BRASILIA, Feb 10 (Bloomberg): Brazil may invest up to 20 billion reais ($11 billion) to revive state-owned telephone company Telecomunicacoes Brasileiras SA and increase competition by offering broadband services for half the price charged by local carriers, an official said....
Abu Bakar Siddique, former chief executive officer (CEO) of Chittagong Stock Exchange Limited, has recently joined GPH Group as Executive Director (ED), according to a press release.Prior to joining GPH Group, he worked at CSE in different capacities including CEO...
United Leasing recommends 7.5pc cash, 100pc stock dividendsUnited Leasing Company has recommended 7.5 per cent cash dividend and 100 per cent stock dividend (one bonus share for every one share) for the year 2009. Annual General Meeting of the company...
BRUSSELS, Feb 10 (Reuters): ArcelorMittal, the world's top steelmaker, said its markets would improve only slowly with higher shipments but lower prices in early 2010, and its profit forecast fell short of market expectations.The company said on Wednesday that the...
PARIS, Feb 10 (Reuters): French drug maker Sanofi-Aventis beat forecasts for fourth-quarter profit and expects earnings to rise 2 to 5 per cent this year as growth areas such as vaccines offset stronger competition from generic rivals.But Sanofi's forecast for...
NEW YORK, Feb10 (Reuters): Jones Apparel Group Inc posted operating profit for the critical holiday quarter in line with forecasts as tighter supply management and the closing of weak businesses offset soft retail spending.Chief Executive Wesley Card in a statement...
SINGAPORE, Feb 10 (Commodity Online): Global oil prices eased in Asian trade Wednesday after an overnight surge on weak dollar.Light sweet crude for March delivery was seen trading at $73.51 a barrel at 11.30 am Singapore time while Brent crude...
Our CorrespondentNILPHAMARI, Feb 10: Alpha Agro Limited, a leading agro entrepreneur of the country is producing potato seeds by applying tissue culture technology in Nilphamari district for the last couple of years. Sources said, till today farmers of northern region...
Berger Paints Bangladesh Limited arranged a trip to Bali and Singapore for its valued dealers as recognition of their previous business performance recently, according to a press release.Dealers have visited different beautiful and charming of Bali and Singapore. They also...
NEW DELHI, Feb 10 (AFP): India refused to grant permission Wednesday for the commercial cultivation of its first genetically modified (GM) food crop, citing problems of public trust and "inadequate" science. Environment Minister Jairam Ramesh said he was imposing a...
Size of the domestic market of the booming ICT industry is expected to be 500 million US dollars from existing US$300 million if young IT professionals are provided with necessary banking support against their working orders, experts said. "Our young...
TOKYO, Feb 10 (AFP): Japan's core machinery orders rose at the fastest pace in nearly a decade in December, data showed Wednesday, indicating firms are boosting spending on plants and equipment as the economy recovers. The core orders, a leading...
Ericsson has been named as key supplier for LTE network in USA while the AT&T to build the LTE network.The commercial launch is scheduled to begin 2011, said a press release.LTE is the latest step in a wireless evolution that...
KADUNA, Feb 10 (Commodity Online): The government of Nigeria announced plans to move forward with a hydroelectric dam project in the central state of Kaduna, local officials said.Namadi Sambo, the governor of Kaduna, said the federal government approved a plan...
Exchange Rate February 10, Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.450096.0271109.14900.782165.463665.328861.1005Agrani Bank69.450095.8771109.07680.784165.503565.279861.0979FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.631096.6476110.09130.801665.491065.491060.8973Citibank naNANANANANANANABank of Ceylon69.540097.8315109.98710.807666.234965.523463.0032PCBsUttara Bank69.530095.8919108.89290.793064.917065.058260.4309AB Bank69.550098.0222111.21080.7933NANANABuying rates ...
Chittagong PortBerthing positionFebruary 11, 2010Berth No. NV Cargo LC LA DA Leaving I/DJ/2 Banglar Mamata W/LD Qatar Bsc R/A 15/02 --J/3 Ocean Fortune Wheat Aang Pol 28/01 16/02 3028J/7 Banglar Kakoli W/Ld Masa Bsc 10/01 15/02 --J/8 Sunrise GI P.kel ...
FE RepotThe Asian Development Bank (ADB) has shown interest to provide funds to build the country's first liquefied natural gas (LNG) import terminal worth over US$ 1.0 billion and assuage the mounting energy crisis, officials said."The ADB expressed that it...
Mashiur RahamanThe country's export earning witnessed 6.2 per cent fall in the first half of the current fiscal year, as shipment of the most prime commodities went into the red, a commerce ministry official told the FE Tuesday.By the end...
FE ReportPadma Oil Company Limited has approved 50 per cent cash dividend and 200 per cent stock dividend for the year 2008-2009, according to a press release.The company at its 40th annual general meeting (AGM) on February 6 also approved...
FE ReportThe World Bank (WB) would provide roughly US$175 million credit in soft terms for implementation of the proposed Chittagong Water Supply Improvement and Sanitation Project (CWSISP) of the government to improve the sustainability, reliability and affordability of the water,...
The 212th meeting of the board of directors of Social Islami Bank Limited (SIBL) was held at its head office in the city recently.Chairman of the board of directors of the bank Nasiruddin presided over the meeting, said a press...
FE Report The European Union (EU) will give Tk 1.40 billion to help Bangladesh's exports. The EU and the government of Bangladesh signed an agreement for strengthening Bangladesh's export sector, the EU said in a press release Wednesday This will...
FE ReportEminent economist Dr. Wahiduddin Mahmud said business and economic journalists should know the subject well in addition to their journalistic knowledge, and remain alert to misconceptions. He laid emphasis on presenting the complicated technical jargons in a non-technical way...
Our CorrespondentCHITTAGONG, Feb 10: Karnaphuli Gas Distribution Company (KGDC), a new government enterprise to facilitate gas supply from Bakhrabad Gas Systems Ltd (BGSL), has started operation after getting registration from Monday the registrar of joint stock companies (RJSC) after a...
An eight-member Canadian trade delegation will arrive in the city Saturday (February 13) on a five-day visit to promote export of Canadian agricultural products to Bangladesh, reports UNB.The delegation comprises members of the Ministry of Agriculture of the Government of...
IFIC Bank 1st Mutual FundNameIFIC Bank 1st Mutual FundNature of the fundClose-end Mutual Fund of 10 (Ten) years tenureObjectiveThe objective of the fund is to provide attractivedividend to the units holders by investing the proceeds in the various instruments in...
COLOMBO, Feb 10 (AFP): Sri Lankan President Mahinda Rajapakse has called snap parliamentary elections as political tensions mounted Wednesday over the arrest of his main rival Sarath Fonseka.Rajapakse, who was returned to power last month after defeating former army chief...
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