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

Robi sees record profit growth in Q2 on higher data revenue, reduced cost

Robi Axiata posted a remarkable 341 per cent year-on-year growth in profit to Tk 1.07 billion in the second quarter this year, supported by higher revenue growth coupled with efficient cost management.The second largest telecom operator registered more than 2.5 per cent revenue growth to Tk 26.04 billion in the...

DBH Finance profit up 3.5pc in Q2, on higher return from govt securities

DBH Finance's profit rose 3.5 per cent year-on-year to Tk 237 million in the second quarter this year, on the back of the removal of interest rate cap.Earnings per share (EPS) stood at Tk 1.19 for April-June this year, up from Tk 1.15 for the same quarter last year, according...

Heidelberg Cement's profit plunges 69pc on lower sales

Heidelberg Cement's profit plummeted 69 per cent year-on-year to Tk 28 million in April-June quarter this year, thanks to lower sales amid lingering macro-economic challenges.During the time, the Germany-based cement manufacturer's sales plunged 25 per cent year-on-year to Tk 3.41 billion, according to its financial statements published on Monday.A company...

EBL wins Euromoney Best Bank award

Eastern Bank (EBL), wins Euromoney Best Bank award in two categories: 'Best Bank' and 'Best Bank for Corporate Responsibility' at the prestigious Euromoney Awards for Excellence 2024 held in London recently. EBL is the first Bangladeshi bank to receive the coveted award for the fifth time.In 2023, Eastern Bank's net...

Standard Bank holds 25th AGM

The 25thAnnual General Meeting (AGM) of Shari`ah based Standard Bank was held on Monday, 29 July, 2024 at Police Convention Hall, Eskaton Garden Road, Ramna, Dhaka. Mr. Kazi Akram Uddin Ahmed, chairman of the bank presided over the meeting. Vice Chairman Md. Manjur Alam and directors -- Messrs Kamal Mostafa...

LafargeHolcim workshop on environment-friendly blocks

LafargeHolcim Bangladesh Limited (LHBL), one of the leading building material manufacturers of the country, recently organised a two-day workshop on environment-friendly blocks in Dhaka. A total of 30 engineers participated in the workshop. The workshop was inaugurated by Fakhruddin Mohammad Khan, Head of Technical Services, LHBL. Engineer Md. Abu Sadeque,...

E-commerce offers huge business opportunities for BD women

E-commerce brings enormous business opportunities for women as it makes 24/7 business possible. The growth of e-commerce helps the women entrepreneur to generate new ideas and work from home. There is tremendous growth of women entrepreneurs in e-commerce sector, reports BSS.E-commerce impacts on business and productivity significantly. It creates a...

Call for stronger economic ties, regional stability at ARF meet

Chairman of Parliamentary Standing Committee on Foreign Affairs and former Foreign Minister Dr AK Abdul Momen has stressed the need for intensifying economic relations and connectivity, both physical and people-to-people to build confidence among the nations which would pave the way to promote global peace and stability, reports UNB.While referring...

Toyota chairman warns he may lose board spot if investor support continues to fall

TOKYO, July 29 (Reuters): Toyota Motor Chairman Akio Toyoda said he may not be reelected as a director if shareholder support for him continues to fall at the pace it did this year, according to an interview published on Monday.Shareholder backing for Toyoda slid to 72 per cent at the...

Ola Electric to raise $734m in India's biggest IPO this year

MUMBAI, July 29 (Reuters): Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country's biggest IPO this year, a deal set to lure major foreign investors and highlight growing confidence in India's financial markets. A stock market boom has already led more than...

Asian markets extend Wall St rally after US data and ahead of Fed

HONG KONG, July 29 (AFP): Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.The upbeat mood comes at the start of a busy week for traders, with the central banks of...

Tesco to repurchase shares worth $515m in second tranche of buyback programme

LONDON, July 29 (Reuters): Tesco, Britain's biggest supermarket group, said on Monday it would continue its share buyback programme with a plan to repurchase shares with a market value of up to 400 million pounds ($515 million).A previous tranche of the programme that bought back shares worth about 350 million...

Trump effect in clean tech sector deepens angst in Europe's boardrooms

FRANKFURT/GDANSK, July 29 (Reuters): European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of US projects in doubt because of fears over what a potential election victory for Donald Trump could mean for their sector.Trump has dismissed President Joe Biden's policies to...

Whirlpool's India unit beats Q1 profit estimate

BENGALURU, July 29 (Reuters): Home appliances maker Whirlpool of India beat first-quarter profit estimates on Monday, helped by strong demand for its air conditioners and refrigerators amid hot weather in the country.Whirlpool's India unit posted consolidated net profit of 1.44 billion rupees ($17.3 million) in the quarter ended June 30,...

Occidental to sell some Delaware Basin assets

NEW YORK, July 29(Reuters): US oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.It also plans to divest some $152 million worth of assets,...