LONDON, Apr 7 (Reuters): Major Generali shareholder Union Investment supports existing management in the insurer led by chief executive Philippe Donnet, a portfolio manager in the firm said on Thursday.Generali is locked in a battle with rebel investor Francesco Gaetano...
Russia's lower house of parliament has passed in a third and final reading on Wednesday a bill on delisting of companies that are registered in Russia and have depositary receipts traded on foreign bourses, reports Reuters.Their depositary receipts will be...
European shares on Thursday recovered from a selloff, as healthcare stocks surged to a record high even though risks from a hawkish Federal Reserve and Washington's new sanctions on Russia kept investors on edge, reports Reuters.The pan-European STOXX 600 index...
Board meetingContinental Insurance Ltd: A board meeting of the company will be held on April 18, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the company for the first quarter period ended March 31, 2022.Suspension of...
Lankan Alliance Finance Limited (LAFL), the joint venture NBFI between Bangladesh and Sri Lanka, is going to launch a new app-based product named 'nano loan' for the unbanked population and low-income group of the country with an aim to accelerate...
National Finance Limited (NFL) distributed Infrared Thermometer and Pulse Oximeter to Dhaka Medical College as part their CSR activities of the company on Wednesday. The boxes were handed over to Brig. Gen. Md. Nazmul Haque on behalf of Dhaka Medical...
BRAC Bank organised Agent Banking Conference of its Jhenaidah region. Head of Alternate Banking Channels Nazmur Rahim, Head of Agent Banking Md. Nazmul Hasan and senior officials attended the conference.
Bank Asia has organised an orientation programme for its newly appointed Management Trainees and Probationary Officers recently at Bank Asia Institute of Training & Development (BAITD), Lalmatia, Dhaka. Md. Arfan Ali, President & Managing Director of the Bank, was present...
Parachute Just for Baby has organised a recommendation campaign to emphasise the importance of choosing the right baby products. In this phase of the recommendation campaign, gifts have been sent to 50 mothers who have recommended the baby products to...
Akij Group has recently set up its first rooftop solar plant at Janata Jute Mill, Boalmari, Faridpur, reports BSS.Leading global ICT infrastructure and solution provider Huawei has provided technical solutions and support to the initial 470 KW project with the...
Rail Minister Nurul Islam has expressed discontent over slow progress in the construction of the Akhaura-Agartala rail link and ordered the contractor to speed up and complete the work by December, reports bdnews24.com.Accompanied by Indian High Commissioner Vikram Doraiswami, Islam...
Speakers at a function on Thursday suggested the readiness of Bangladesh to take part in the 4th Industrial Revolution (4IR) in a bid to keep pace with the world in the days ahead.Giving details, they said the 4IR comprises many...
The local and foreign companies are increasingly looking to assess their competitive position in the market with respect to sustainability reporting and performance. "It gives a clear idea to all stakeholders of companies' overall financial impacts and creates opportunities for...
FE REPORT | 2022-04-08 00:00:00
Share prices of four SME Platform companies- Wonderland Toys, Nialco Alloys, Oryza Agro Industries and Apex Weaving & Finishing Mills- are rising without any price sensitive information (PSI).Share prices of these companies rose between 38.50 per cent and 136 per...
FE REPORT | 2022-04-08 00:00:00
Stocks witnessed yet another bearish session Thursday, extending the losing streak for the fourth straight day, amid a confidence crisis among investors.The market started on a negative note and the key index lost about 60 points until the mid-session. However,...
LONDON, Apr 07 (AFP): UK finance minister (FM) Rishi Sunak, once a leading contender to become prime minister, faced new criticism on Thursday after it emerged his Indian wife holds non-domiciled status, shielding her from UK taxes.Akshata Murthy, daughter of...
WASHINGTON, Apr 07 (Reuters): News of Tesla Chief Executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm's ability to moderate content, company insiders told Reuters.Within hours of...
KARACHI, Apr 07 (AFP): The Pakistan rupee dropped to a historic low of 191 rupees to the dollar Thursday as an ongoing political crisis rocked confidence in the currency.The rupee has been declining for months, but the fall became precipitous...
FRANKFURT, Apr 07 (Reuters): European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, as conditions for raising rates had either been met or were about to be met,...
FE REPORT | 2022-04-08 00:00:00
The High Court (HC) on Thursday directed the concerned bodies of the government to conduct a probe into the money laundering allegations against owners of controversial ecommerce platform E-Orange.The Bangladesh Financial Intelligence Unit (BFIU) and Anti-Corruption Commission (ACC) have also...
COLOMBO, Apr 07 (AFP): Sri Lanka's beleaguered president has appointed an expert panel to organise a debt restructure to claw the country out of a crippling economic crisis that has sparked huge protests demanding his resignation.Scarce supplies of food and...
Guardian Life Insurance Limited and Swisscontact Bangladesh recently signed a group insurance agreement, says a press release. Under this agreement, all the employees of Swisscontact Bangladesh will enjoy life insurance coverage and medical benefits.Sheikh Rakibul Karim, FCA, Chief Executive Officer...
Bangladesh Bank (BB) will start releasing new currency notes of Tk 230.00 billion in the market from April 20 through 32 branches of different scheduled banks, reports UNB.The central bank has already printed new notes to meet the demand ahead...
A joint venture (JV) of Korean and Chinese companies was appointed for ensuring maintenance and realising toll at the Padma Multipurpose Bridge, report agencies.The government Thursday approved a proposal for appointing the joint venture (JV) of Korea Expressway Corporation (KEC)...
Khulna Zone of Islami Bank Bangladesh Limited (IBBL) organised its Agent Banking Business Development Conference and Workshop on Prevention of Money Laundering & Terrors Financing in Khulna recently. Muhammad Qaisar Ali, Additional Managing Director of the Bank, addressed the conference...
Finally the much-waited elevated Mass Rapid Transport (MRT) Line-6 for commuters nears its formal launch as the authority is expected to open it on the coming Victory Day this year, reports BSS."Following the successful test and trial runs, the MRT-6...
MELBOURNE, Apr 07 (AFP): Wicketkeeper Matthew Wade and out-of-favour opener Marcus Harris were among those axed on Thursday from Cricket Australia's list of nationally contracted players, but Josh Inglis was a winner.Others omitted include all-rounder Moises Henriques, batsman Ben McDermott...
NEW DELHI, Apr 07 (Reuters): There seems practically nothing that Pat Cummins cannot achieve these days and his latest batting heroics in the Indian Premier League (IPL) only served to confirm that his Midas touch has not deserted him yet.Teammates...
PORT ELIZABETH, South Africa, Apr 07 (AFP): South African Test captain Dean Elgar on Thursday defended his team against allegations of "unbearable sledging" during the first Test against Bangladesh in Durban.He said the Bangladesh players needed to "harden up" if...
LONDON, Apr 07 (Agencies): A hat-trick by veteran striker Karim Benzema earned Real Madrid an emphatic 3-1 win at reigning European champions Chelsea in their Champions League quarter-final first leg on Wednesday (Thursday AEST).In Wednesday's other fixture, Villarreal pulled off...
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