BENGALURU, March 28 (Reuters Breakingviews): One of India's biggest family businesses is in an pickle. Tata Group, the sprawling cars-to-tech conglomerate, is hurtling towards a forced listing of its holding company that would lump it with a yawning market discount....
BENGALURU, March 28 (Reuters): India's blue-chip Nifty 50 index surged nearly 29 per cent this financial year, ending March 31, powered by a booming economy and strong fund inflows that helped mark the best year for domestic stocks since a...
KARACHI, March 28 (Reuters): Pakistan's benchmark index touched an all-time high on Thursday, extending a rally following a staff level agreement with the International Monetary Fund earlier this month to free up more financial aid for the country.The benchmark KSE-100...
SINGAPORE, March 28 (Reuters): The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities prevented traders from pushing the currency to a new low, while Asian stocks rose ahead of a key...
SHANGHAI/HONG KONG, March 28 (Reuters): Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting at risk the floundering economy's recovery.China's...
BEIJING, Mar 28 (AFP): Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.China's EV sector has grown rapidly in...
AMSTERDAM, Mar 28 (Reuters): The Dutch government is expected to lay out initial plans on Thursday to keep the country's largest company ASML, from moving operations outside the Netherlands over concerns ranging from anti-immigration policies to infrastructure problems.Semiconductor equipment maker...
Employees of West Zone Power Distribution Company Limited (WZPDCL) led by its Managing Director AHM Mohiuddin paid homage to war martyrs by placing a wreath at a memorial to the martyrs in Gollamari, Khulna on Tuesday, marking Independence and National...
Shippers' Council of Bangladesh (SCB) organised a Doa and Iftar Mehfil at the Fortune Square Convention Hall at Dhanmondi in the city on Tuesday. Chairman of the Parliamentary Standing Committee on Ministry of Food and former Shipping Minister Shajahan Khan,...
BRAC Bank has signed a custodial service agreement with VIPB Asset Management Company Limited. The agreement was signed by Tareq Refat Ullah Khan, deputy managing director and head of Corporate Banking for BRAC Bank, and Md Shahidul Islam, CEO of...
Eastern Bank Limited (EBL) cardholders can now enjoy special benefits at the five-star hotel Le Méridien Dhaka. A recent agreement between EBL and Le Méridien Dhaka allows for these benefits. M Khorshed Anowar, deputy managing director and head of Retail...
FE REPORT | 2024-03-29 00:00:00
The Bangladesh Fisheries Development Corporation (BFDC) and the Japan International Cooperation Agency (JICA) joined hands with an eye to modernising the Fish Landing Centre in Cox's Bazar.To this end, JICA signed a grant agreement of 2,294 million Japanese yen (Tk...
Integrating digital payments in the microfinance sector can save work hours, enhance productivity, simplify instalment and deposit collection, ensure 24/7 transaction reporting, reduce cash-carrying risk, and increase efficiency of cash management, experts said at a seminar.The seminar was jointly organised...
China expressed keen interest on Thursday to import jute goods from Bangladesh as its ambassador here Yao Wen had a meeting with Textiles and Jute Minister Jahangir Kabir Nanak at the latter's secretariat office, reports BSS.Briefing reporters after the meeting,...
FE REPORT | 2024-03-29 00:00:00
City Bank jumped 4.17 per cent to Tk 22.50 per share on the Dhaka Stock Exchange (DSE) on Thursday after the lender had reported record profit for 2023.The first generation private commercial bank had disclosed a consolidated net profit of...
FE REPORT | 2024-03-29 00:00:00
Reckitt Benckiser (Bangladesh) declared the lowest dividend in a decade for 2023, despite achieving more than 24 per cent year-on-year growth in profit.The UK-based multinational firm that sells health and hygiene-related products logged an annual profit of Tk 820 million...
FE REPORT | 2024-03-29 00:00:00
The securities regulator has extended time for mandatory provisioning against unrealised losses in margin accounts for seven months until January next year in a desperate move to avert further market fall. According to market insiders, forced selling executed in the...
NEW YORK, Mar 28 (Reuters): Tesla is expected to report sluggish first-quarter deliveries next week as the boost from its price cuts wanes and the US automaker grapples with strong competition for buyers in a slowing electric-vehicle market.After years of...
STOCKHOLM, Mar 28 (AFP): Sweden's central bank on Wednesday kept its key interest rate at a 16-year high, but forecast a possible cut in May or June if inflation stays under control.The Riksbank said that while "inflation is in the...
WASHINGTON, Mar 28 (AFP): The United States on Wednesday launched a new initiative to boost imports of African foods-specialties like seafood, nuts and herbs-seeing untapped potential in items that benefit small-scale farmers.The new Africa Trade Desk aims to increase imports...
SYDNEY, Mar 28 (AFP): China promised billions of dollars to infrastructure projects across Southeast Asia, but many of these were never built, according to a study by an Australian think tank released Wednesday.Sydney's Lowy Institute found that since 2015, more...
RIYADH, Mar 28 (Arab News): Foreign direct investment inflows to Saudi Arabia rose 17 per cent in the fourth quarter of 2023 compared to the previous period, according to recent data. The analysis, released by the General Authority of Statistics,...
Islami Bank Bangladesh PLC organized a discussion meeting followed by Doa Mehfil marking the Independence and National Day on a virtual platform on Tuesday. Vice-Chairman of the bank Dr Tanveer Ahmad was present as the chief guest in the programme...
The 58th meeting of Trust Bank Shariah Supervisory Committee was held at the bank's head office on Wednesday. The Chairman of the committee Dr Mohammad Monzur-E-Elahi presided over the meeting. Members of the Shariah Supervisory Committee including Managing Director &...
Pubali Bank PLC and BD Tax Technology Limited signed an agreement for preparation, process and submission of Income Tax through Pubali PI Mobile banking app recently. Md Shahnewaz Khan, Deputy Managing Director of Pubali Bank, and Shamim Rahman, Manager- Finance...
FE REPORT | 2024-03-29 00:00:00
Amid a growing rush for various shopping-related transactions and money transfers ahead of Eid, Nagad offers its customers convenience, speed and safety.Be it offline or online shopping or exchanging money among friends and family members people heavily rely mainly on...
KURIGRAM, Mar 28 (UNB): Bhutanese King Jigme Khesar Namgyel Wangchuck on Thursday visited the proposed Special Economic Zone for Bhutan in Madhabram area under Bhogdanga union in Kurigram.He arrived here with his entourage in the morning and visited the SEZ...
FE REPORT | 2024-03-29 00:00:00
Local potato prices could rise above Tk 50 per kg later this year due to a potential fall in production, the Bangladesh Cold Storage Association has warned.Adverse weather conditions are likely to cause a production drop of at least 20...
HANOI, Mar 28 (Xinhua): Vietnam's fruit and vegetable export revenue hit 1.25 billion US dollars in the first three months of this year, which is the first time the value exceeded 1 billion dollars right in the first quarter, Vietnam...
LONDON, Mar 28 (Reuters): Gold rose on Thursday, bound for its biggest monthly rise since November 2022 after a blistering rally fuelled by bets for US interest rate cuts, strong safe-haven demand and central bank buying.Spot gold was up 0.8...
© 2024 - All Rights with The Financial Express
