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

Stocks break nine-week gaining streak

Stocks slipped into the red in the outgoing week, snapping a nine-week winning streak, as cautious investors booked some profit on quick-gaining stocks amid rising trend of Covid-19 cases.Week-on-week, DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 13.89 points or 0.23 per cent to settle...

Walton receives trademark certificate in automobile production & marketing

Walton Hi-Tech Industries Limited received trademark certificate as a Bangladeshi automobile manufacturing and marketing company. In Class-12 category, the Department of Patents, Designs and Trademarks (DPDT) under the Ministry of Industry awarded the trademark certificate to Walton. The trademark certificate was handed over to Walton Hi-Tech Industries' Managing Director at...

Number of IPO applications for Sonali Life Ins falls drastically

FE REPORT The number of IPO applications for Sonali Life Insurance Company has dropped drastically in the newly introduced pro rata basis allotment. But the overall subscription in terms of amount was oversubscribed significantly. Sonali Life Insurance, a fourth generation life insurer, floated shares worth Tk. 190 million. The subscription...

South Bangla Bank's IPO subscription begins July 5

FE REPORTThe initial public offering (IPO) subscription of South Bangla Agriculture & Commerce Bank (SBAC) will begin on 5 July, aiming to raise Tk 1.0 billion under the fixed price method.The private lender's IPO subscription will be continued until July 11, officials said.Minimum required investment for general public will be...

IBBL starts payment of Ctg WASA bill

Islami Bank Bangladesh Limited has started payment of Chattogram WASA water and sewerage bill through its branch, sub-branch and internet banking services. An agreement has been signed between the organizations recently at Chattogram WASA Bhaban. Mohammad Yakub Ali, Executive Vice President & Head of Chattogram South Zone of IBBL and...

Strong recovery of Indian equity benchmarks

The Indian equity benchmarks Friday staged a strong recovery from intraday lows and snapped their two-day losing streak, reports NDTV.The Sensex recovered over 850 points from the lows of the day and Nifty reclaimed its important psychological level of 15,650.

Standard Chartered, Channel i announce 'Agrow Award'

Standard Chartered and Channel i jointly announced the launch of Standard Chartered-Channel i Agrow Award 2021, at a press conference held in Dhaka recently to recognize the changemakers of the agriculture sector of the country. Launched by Standard Chartered, this is the seventh iteration of the award, and the third...

Oracle announces fiscal full year financial results

Oracle Corporation (NYSE: ORCL) recently announced fiscal 2021 Q4 results. Total quarterly revenues were up 8% year-over-year to $11.2 billion. Cloud services and license support revenues were up 8% to $7.4 billion. Cloud license and on-premise license revenues were up 9% to $2.1 billion. Q4 GAAP operating income was up...