Stocks stay upbeat as capital gains tax cut lifts investor confidence
The benchmark equity index continued its upward trend this week, extending gains for a second consecutive week as the government's decision to lower capital gains tax came as a relief for individual investors.This week, the National Board of Revenue (NBR) set a 15 per cent tax rate on annual capital...
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Monno Agro sees slight decline in profit, declares 25pc stock dividend
Monno Agro & General Machinery, a subsidiary of Monno Group of Industries, posted a net profit of Tk 7.74 million for FY'24, registering a 2.0 per cent year-on-year decline.As a result, the company's earnings per share (EPS) dropped to Tk 2.15 for FY'24 from Tk 2.19 in the year before,...
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BANK ASIA SIGNS AGREEMENT WITH RANCON MOTORS
Bank Asia signed an agreement with Rancon Motors, distributor of Mercedes-Benz in Bangladesh. The bank's Additional Managing Director ANM Mahfuz and Rancon Motors' Divisional Director Imran Zaman Khan signed the deal at Rangs Babylonia, Tejgaon, in the capital on Wednesday. Under the agreement, Bank Asia credit card holders will enjoy...
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Nvidia surpasses $3.6tr market value after Trump win
Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House, reports Reuters.The dominant AI chipmaker's shares rose 2.2...
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