FE REPORT | 2023-10-20 00:00:00
Runner Automobiles endured losses for the first time in FY23 since listing as sales of all segments saw a sharp decline owing to inflationary pressure. The country's pioneering motorcycle manufacturer reported a consolidated loss of Tk 880 million for FY23,...
NEW DELHI, Oct 19 (Reuters): Alphabet Inc's Google will start manufacturing smartphones in India and its flagship Pixel 8 will be available next year, an executive said on Thursday, as the tech giant joins global companies setting up facilities in...
SAN FRANCISCO, Oct 19 (Reuters): Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle (EV) production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.Tesla CEO Elon Musk said he was...
Bangladesh Ansar and VDP observed Sheikh Russel Day to mark the 60th birthday of Sheikh Russel, the youngest son of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Director General (DG) of Bangladesh Ansar and VDP Major General AKM Aminul...
Superintendent of Police in Gazipur district Quazi Mohammad Shafiqul Islam along with Police Nari Kollayan Samittee leaders including its President Zinia Farzana seen at a function for food distribution among the destitute people in Gazipur on Wednesday to mark the...
Bangabandhu Sheikh Mujibur Rahman Maritime University (BSMRMU) observed Sheikh Russel Day to mark the 60th birthday of Sheikh Russel, the youngest son of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. A team led by Vice-Chancellor Rear Admiral Mohammad Musa...
FE REPORT | 2023-10-20 00:00:00
Industries Minister Nurul Majid Mahmud Humayun on Thursday called upon the businesses traders to ensure standard and quality of products in the interest of the country. He also urged them to change the mindset of producing low quality products as...
STOCKHOLM/HELSINKI, Oct 19 (Reuters): Nokia will cut up to 14,000 jobs to reduce costs, it said on Thursday, warning it did not expect a market recovery soon after posting a 20 per cent drop in third-quarter sales on weaker demand...
BENGALURU, Oct 19 (Reuters): Walmart-owned PhonePe said on Wednesday its consolidated revenue for financial year 2023 surged 77 per cent, as more customers used its platform to send and receive money in India's booming digital payments market.The company's loss before...
LONDON, Oct 19 (Reuters): A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd's of London said on Wednesday.The United...
RIYADH, Oct 19 (Arab News): Saudi Arabia and Singapore have signed seven memorandums of understanding to facilitate investment opportunities across various sectors, the Saudi Press Agency reported.The MoUs were inked during the third session of the Saudi-Singapore Joint Committee held...
FE ReportNagad, a leading financial service provider in Bangladesh, is set to introduce digital lending solutions once its digital bank takes shape, with a view to expanding banking services mainly to informal sector people. Such a groundbreaking move will help...
Shimanto Bank signed an MoU with Green Delta Insurance at the bank's head office recently. Under this MoU, livestock Loan beneficiaries (under agricultural loan) of Shimanto Bank will enjoy livestock insurance coverage facilities. Rafiqul Islam, Managing Director & CEO of...
Standard Chartered Bangladesh has partnered with BRAC to help uplift haor-based farmers in Sunamganj and Habiganj and to mitigate the adverse impacts of climate change in these flood prone areas. As part of the initiative, the bank is working with...
Concord Entertainment Co. Ltd and Ispahani Tea Ltd have signed a partnership agreement in order to bring exceptional experiences to the enchanting world of Foy's Lake Concord Amusement World in Chattogram, says a press release.Under the agreement, Ispahani Tea has...
FE REPORT | 2023-10-20 00:00:00
The government will provide an incentive worth Tk 900 million (90 crore) to boost cultivation and production of hybrid varieties of Boro paddy across the country.The government issued a notification to this effect on Thursday. Field-level distribution of the incentive...
Spanish renewables developer Grenergy said on Wednesday it has agreed to sell a 297 megawatt (MW) portfolio consisting of two solar photovoltaic projects to a fund owned by German insurer Allianz SE, reports Reuters.The transaction, made on behalf of Allianz...
A concluding ceremony of 15-day Foundation Training Course organised by the Union Bank Training Institute was held recently. Deputy Managing Director of the bank Shafiuddin Ahmed was present as the chief guest while Senior Executive Vice President Md Golam Mostafa...
Delta Life Insurance Company held a motivational meeting for development executives and operation in-charges of the company's Gono-Grameen Bima Division in Kuakata recently.
DUBAI, Oct 19 (Reuters): Qatar has further expanded its long-term gas supply to Europe, reaching a supply deal with the Netherlands to provide 3.5 million metric tons of liquefied natural gas (LNG) a year for 27 years.Two LNG sale and...
Gold crept higher for a third consecutive session on Thursday as growing tensions in the Middle East sparked safe-haven demand, while investors strapped in for US Federal Reserve Chair Jerome Powell's speech later in the day, reports Reuters.Spot gold rose...
KYIV, Oct 19 (Reuters): Ukraine has increased its road grain shipments in the first half of October, aiming to send abroad as much as possible of its bumper grain and vegetable oil output, brokers said.Spike Brokers said 277,000 metric tons...
LONDON, Oct 19 (Reuters): Oil prices fell about 1 per cent on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but fears that Israel's military campaign in Gaza may escalate to a...
PARIS, Oct 19 (AFP): No matches organised by UEFA will be played in Israel "until further notice" due to the "current safety and security situation" in the country, European football's governing body said in a statement on Thursday."After a thorough...
FORT LAUDERDALE, Fla., Oct 19 (AP): Lionel Messi says he will play in Inter Miami's season finale on Saturday, although the club hasn't confirmed that is the actual plan.Messi - who scored both goals for Argentina in its 2-0 World...
LONDON, Oct 19 (AFP): Ben Stokes has declared himself ready for action in England's crucial World Cup clash against South Africa after missing the first three games of the campaign through injury.England's title defence in India is in deep trouble...
MANCHESTER, England, Oct 19 (Agencies): Brazilian soccer superstar Neymar is set to have surgery after tearing both his anterior cruciate ligament (ACL) and meniscus in his left knee, his club Al-Hilal have confirmed. He is a major doubt for Copa...
NEW DELHI, Oct 19 (Agencies): Babar Azam and his men face the five-time champions Australia on Friday, with star fast bowler Shaheen Shah Afridi struggling for form and opening batter Abdullah Shafique weakened by a fever.Both Shafique and Afridi rejoined...
Former national captain and dependable wicket-keeper cum batsman Mushfiqur Rahim emerged as the 2nd Bangladeshi batsman to score 1000 plus runs in the ICC World Cup Cricket on Thursday, reports UNB.Mushfiqur, who came to bat at number six against the...
Former US officials ask Pakistan not to deportAfghans seeking relocation to United StatesISLAMABAD, Oct 19: A group of former U.S. diplomats and representatives of resettlement organizations asked Pakistan not to deport thousands of Afghans who have been waiting for U.S....
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