Finance News: Latest Financial News, Finance News today in Bangladesh

Ibn Sina share price drops 5pc despite record dividend

The share price of The Ibn Sina Pharmaceutical Industry dropped 5 per cent on Thursday even as it came up with a 63 per cent cash dividend for FY24, the highest dividend since its listing on the stock exchanges. The drug maker reported an 11 per cent growth in its...

Mominul Islam new DSE chairman

Mominul Islam has been elected as the chairman of the board of directors of Dhaka Stock Exchange (DSE) for the next three years.The board members unanimously elected him at the first meeting of the newly formed board on Thursday, says a statement.Mr Islam will replace Dr Hafiz Muhammad Hasan Babu...

BSEC rejects Gemini Sea Food's rights offer application

The securities regulator has rejected Gemini Sea Food's rights offer application, which aimed to issue rights to increase its paid-up capital, pay off loans, and support business expansion.In February this year, the board of directors of the seafood exporter had decided to raise Tk 1.28 billion through issuing 21.3 million...

MTB wins 'Best Performance in Profitability' Award

Mutual Trust Bank PLC (MTB) has been honoured with the 'Best Performance in Profitability' Award for 2024 by the Indian Chamber of Commerce (ICC), says a statement. This recognition comes after a record-breaking year of operational success in 2023 and continued achievements over the previous four years.This award highlights MTB's...

A group of retail investors stage a demonstration

A group of retail investors stage a demonstration in front of the Bangladesh Securities and Exchange Commission (BSEC) office at Agargaon in the city on Thursday in protest of continuous fall of the stock market following some measures taken by the BSEC. — bdnews24.com

BRAC BANK OPENS RENOVATED BRANCH AT UTTARA

BRAC Bank has opened its renovated Uttara Jashim Uddin Avenue Branch to provide the most modern, best-in-class customer service. Selim R. F. Hussain Managing Director & CEO of the bank, along with other officials formally inaugurated the branch at Liberty Tower, Uttara sector No. 3, in Dhaka recently.

PRIME BANK SIGNS PAYROLL AGREEMENT WITH NORTHERN CORPORATION

Prime Bank PLC, a leading financial institution, has recently signed a payroll agreement with Northern Corporation Ltd at the bank's corporate office. Under this agreement, employees of Northern Corporation will enjoy preferential banking service, including Credit Card and loan facilities from Prime Bank. They will also enjoy seamless automated salary...

Dhaka, Seoul for concluding economic partnership deal

South Korean Ambassador to Bangladesh Park Young-sik has said improvement of "business-friendly, predictable and stable environment" should be one of the top priorities among the interim government's tasks in order to attract more foreign investment, reports UNB.He said the Korean Embassy in Dhaka is eager to engage in further discussions...

Edison Group to unveil latest helio 90 smartphone

Edison Group, the renowned Bangladeshi conglomerate, will unveil its latest helio 90 smartphone, to transform the mid-range smartphone market, says a press release. To be made available at an unbeatable price of just Tk 19,999, the helio 90 is packed with cutting-edge features that are unmatched in its price range,...

Oracle to invest $6.5b in Malaysian cloud services region

KUALA LUMPUR, Oct 03 (AFP): Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia. The firm said the cloud region would help...

DBH opens its new branch in Barishal

DBH Finance PLC (DBH), the largest housing finance institution of the country, has recently opened its 16th branch at Khan Faiz Shotaiyu Bhabon, Sahid Nazrul Islam Sarak (Police Line Road) in Barishal city. Nasimul Baten, Managing Director and CEO of DBH, inaugurated the branch in a simple ceremony. The branch...

Uber, Lyft drivers use Teslas as makeshift robotaxis

NEW YORK, Oct 03 (Reuters): A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "robotaxis" is exploiting a regulatory gray area in US cities, putting lives...

Work to resume at India iPhone plant after factory fire

MUMBAI, Oct 03 (AFP): An Indian factory producing iPhone components was resuming work on Thursday after a fire that halted production-the third blaze to disrupt Apple's local supply chain since the start of last year.India has pitched itself as an emerging manufacturing hub for tech giants diversifying production outside of...

Amazon plans to hire 250,000 workers for holidays

NEW YORK, Oct 03 (Reuters): Amazon plans to hire 250,000 transportation and warehouse workers this holiday shopping season, the same number as last year as e-commerce spending is expected to outpace overall holiday sales in the final quarter of 2024, the company said on Thursday."Although there is an anticipated increase...

OpenAI closes $6.6b funding haul with investment from Microsoft and Nvidia

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world, reports Reuters.The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as...