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

Stocks nosedive as large-cap issues tumble

The benchmark index of the Dhaka bourse fell below 5,700-mark last week that ended Thursday as selling spree gripped the investors.Banking and telecom issues mostly faced the onslaught of selling pressure.Market operators said lower-than-expected quarterly earnings results, first ever no dividend declaration of AB Bank coupled with a prolonged public...

Public subscription of SK Trims to start May 14

The public subscription of SK Trims and Industries will start on May 14 and will be continued till May 22.SK Trims, which received BSEC approval in February, is set to collect Tk 300 million through IPO under the fixed price method by floating its 30 million shares at an issue...

Sensex, Nifty decline

The Sensex and Nifty dropped on Friday tracking weak global equity markets, reports NDTV Online.IT and pharma stocks pulled down the indexes. "Domestically, there is a scenario that markets have been overvalued, as well as political developments ahead of elections," said Dhananjay Sinha, head of institutional research, Emkay Global Financial...

Equities mixed as US jobs market tightens

LONDON, May 4 (AFP): US stocks slid on Friday after US jobs data showed a further tightening in the labour market and raised questions about the resilience of the economy while European markets were mixed."US stocks are lower in early action, with a softer-than-expected April nonfarm payroll report exacerbating recently...

KL asks VC cos to apply for $253.9m fund

The Securities Commission Malaysia (SC) has called upon venture capital (VC) management companies to apply for the RM1 billion ($253.9 million) fund committed by major institutional investors, according to dealstreetasia.com.The committed amount will be invested in early to late stage private companies, with strong preference towards government-promoted sectors such as...

IPDC gets new DMD

Rizwan Dawood Shams IPDC Finance Limited has announced the appointment of Rizwan Dawood Shams as its new Deputy Managing Director, effective from April 1, 2018.He was the General Manager and Head of Business Finance & Special Asset Management of IPDC for the last 3 years. Mr.Rizwan has 15 years of...

New DMDs of Rupali Bank, BDBL

Belayet Matin Belayet Hossain has recently joined Rupali Bank Ltd as deputy managing director (DMD).Prior to join the Rupali Bank, he was general manager of Sonali Bank at Rajshahi.Mr Belayet began his career in 1984 as senior officer of Sonali Bank.He completed graduation with honours in Accounting from Chittagong University,...