BANGALORE, India, Aug 12 (AFP): Ashok Soota, who founded software maker Mindtree Consulting in 1999, calls himself a "late-stage" entrepreneur, much as India is a late convert to free-market philosophy. The entrepreneurial urge seized Soota when he was 57, an...
FE ReportASM Feroz Alam, one of the sponsor directors of Mercantile Bank Limited, has been elected second vice chairman of the bank recently.Feroz is also chairman of Eco Inamori Fashions Limited at Gazipur, vice chairman of Premier Leasing International Limited...
The Dubai stock exchange is expected to make a formal bid to buy Nordic exchange OMX, according to reports. The exchange is tipped to make an offer of about $4.03bn (£2bn), which could scupper Nasdaq's $3.7bn bid for the Swedish-based...
AGM dates announcedBionic Sea Foods: The annual general meeting (AGM) of Bionic Sea Foods Limited will now be held on December 27, 2007 instead of earlier announced September 12, 2007. Other information of the AGM of the company will remain...
City General Insurance Company Limited Nature of Business: General Insurance Subscription Open: Aug 19 2007Subscription Close: Aug 23 2007 Offer Price (Tk.): 100.00 Market lot (Share): 50 Public Offer (Share): 900,000 Sponsors Portion (Share): 600.000 Private Placement (Share): Total Paid...
KABUL, Aug 12 (AFP): Pakistan President Pervez Musharraf met his Afghan counterpart Hamid Karzai in Kabul Sunday before both leaders were due to close a four-day tribal assembly on the growing Taliban and Al-Qaeda threat. Musharraf travelled to the presidential...
GHAZNI, Afghanistan, Aug 12 (AFP): Two of the South Korean aid workers held hostage in Afghanistan would be released within hours, a Taliban commander said Sunday, raising fresh hopes of an end to the three-week crisis. The Taliban commander Abdullah...
ISLAMABAD, Aug 12 (AFP): President Pervez Musharraf wants exiled former prime ministers Benazir Bhutto and Nawaz Sharif to stay away from Pakistan until after forthcoming general elections, press reports said Sunday. Elections are due late this year or early 2008,...
WASHINGTON, Aug 12 (AP): The Bush administration has blacklisted as a "foreign terrorist organisation" a Lebanese Islamist group blamed for major fighting at a refugee camp, the Associated Press has learned. The State Department is expected to announce the designation...
JAKARTA, Indonesia, Aug 12 (AP): Nearly 90,000 followers of a hard-line Muslim group packed a stadium in the Indonesian capital Sunday, calling for the creation of an Islamic state. Hizbut Tahrir, a Sunni organisation with an estimated million members, is...
FREETOWN, Aug 12 (AFP): Sierra Leone Sunday was awaiting the results of crucial presidential and parliamentary elections seen as a test of whether the west African nation has fully emerged from its bloody past. Ballot counting was under way across...
GAUHATI, Aug 12 (AP): Suspected rebels killed four Hindi-speaking migrant workers before dawn Sunday and three more bodies were found from an earlier killing in India's insurgency-wracked northeast, police said, bringing the death toll from a week of violence to...
LONDON, Aug 12 (AFP): Britain's ruling Labour Party under new Prime Minister Gordon Brown is enjoying its biggest ratings lead since the divisive 2003 Iraq war, an opinion poll published Sunday said. Labour is ten points ahead of the main...
BAGHDAD, Aug 12 (AFP): Four American soldiers have been killed in an explosion during fighting south of the Iraqi capital Baghdad, the US military announced Sunday. The soldiers were killed and another four were wounded in the blast during combat...
SEOUL, Aug 12 (AFP): US and North Korean nuclear envoys are expected to meet in China this week, possibly to discuss ways to normalise ties between the countries, a South Korean report said Sunday. The meeting between US Assistant Secretary...
S M JahangirThe government has imposed a 10 per cent tax at source of the interest income from the deposits with the state-run Post Office Savings Bank, effective from July 1, 2007.The Income Tax wing of the National Board of...
FE ReportThe National Board of Revenue (NBR) will meet with the management of different banks and relevant authorities to dispel confusion about its directive relating to the imposition of 10 per cent tax at source on interest income from government's...
About 359 flood-related deaths have been reported since July 30 while nearly 44,000 people have been attacked by diarrhoea in the aftermath of the devastating flood, reports UNB.Health Adviser Matiur Rahman disclosed this at a press briefing at his ministry...
FE Report The central bank has recommended more analysis of current inflationary pressures, international commodity price shocks, domestic developments, lagged effects of monetisation of government debt and demand-driven inflationary expectations on the part of consumers. "…A better understanding of monetary...
United States (US) Charge d' Affaires Geeta Pasi has again stressed that the ban on politics be lifted as soon as possible making paving the way for dialogue to build a new political system, reports UNB."Politicians must be part of...
The Supreme Court (SC) Sunday rejected government plea for stay on High Court (HC) orders granting bail to ex-PM and Awami League (AL) chief Sheikh Hasina in an extortion case and halting the ACC notice for submitting her wealth statement,...
President Iajuddin Ahmed and Chief Adviser (CA) Fakhruddin Ahmed plan to visit Tungipara on August 15 to pay their respects to Bangabandhu Sheikh Mujibur Rahman on his death anniversary, a spokesman said Sunday, reports bdnews24.com.Law Adviser Mainul Hosein, however, told...
FE ReportThe Privatisation Commission (PC) has asked the representative of Prince Bandar Bin Mohammad Bin Abdulrahman Al-Saud to confirm their commitment for taking over the majority shares of the state-owned Rupali Bank, official source said.It made the suggestion when Frank...
Jamuna Multipurpose Bridge Authority (JMBA) Sunday decided to form a 3-member body to probe irregularities, if any, in rehabilitating the people, affected due to acquisition of land during the bridge's construction. The decision was taken at the 89th board meeting...
A cargo ship, carrying some 800 sacks of urea fertiliser and 50 sacks of rice, sank in the Meghna in Borhanuddin Upazila under Bhola amid bad weather early Sunday. Sources said the cargo, 'Baba Lichu Shah', anchored near Hakim Uddin...
In a bid to sell out piled-up local produce, government authorities are weighing an option for temporarily stopping the import of sugar through all landports and raising the import duty, reports UNB.Official sources said the Ministry of Commerce in a...
RANGPUR, Aug 12 (UNB/BSS): Chief Adviser (CA) Fakhruddin Ahmed called upon government and non-governmental institutions to work with a synergy to prevent seasonal calamity 'Monga' which sometimes prevails in the greater Rangpur region during September-November lean period for want of...
Acting Awami League president Zillur Rahman Sunday said his party would not participate in the Election Commission's planned dialogue with political parties on electoral reforms in September if the current ban remains on indoor politics, reports UNB."We have to take...
Chief of Army Staff General Moeen U Ahmed Sunday proposed utilisation of the Haji Camp as a 'temporary health centre' in the backdrop of the growing number of diarrhoea patients, who are largely rushing to ICDDR,B to get rid of...
'Dealing with terrorism requires special legislation beyond criminal law to provide the military and security forces with necessary legal authority and tools of investigation to ensure the prosecution of suspected terrorists'. The observation was made by Principal Staff Officer of...
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