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

Seven cos see sharp fall after regulator opens probe

Seven companies witnessed a massive fall in their stock prices on Monday, as the securities regulator formed a committee to probe irregularities against them. Following the news, panicked investors rushed to dump the shares in these companies and the units of a bond, which also came under the regulatory scanner.On...

Renata gets EU approval to export drug for Parkinson's disease

Renata Ltd. has recently secured approval from the EU Decentralised Procedure (DCP) to export Cabergoline 0.5mg tablets to Europe.Cabergoline, a dopamine agonist, is primarily used in treating conditions such as hyperprolactinemia and Parkinson's disease.The drug maker announced this milestone in a stock exchange filing on Monday, highlighting the successful approval...

Inquiry committee vows impartial investigation

Members of an inquiry committee formed by the securities regulator have pledged to conduct their investigation into the market scams with impartiality. At the same time, the Bangladesh Securities and Exchange Commission (BSEC) has also said it would not influence the committee's work, ensuring that the forthcoming probe report will...

Walton Computer Exchange Offer Season-4 kicks off

Walton has launched 'Computer Exchange Offer Season-4' campaign aiming to ensure proper e-waste management, says a press release.Under the campaign, customers can purchase Walton brand's new laptop, desktop, all-in-one PC, monitor, printer, Tab, speaker, and CCTV camera in exchange of any brand's homogenous IT products (active or inactive) at special...

PUBALI BANK’S DONATION FOR FLOOD VICTIMS

Pubali Bank PLC, as part of its social responsibility, has donated Tk 50 million from its own funds to the Chief Advisor's Relief Fund for flood-affected people. Mohammad Ali, Managing Director and CEO of Pubali Bank, handed over the donation cheque to Farooq E Azam, Advisor to the Ministry of...

SHAHJALAL ISLAMI BANK DONATES TK 15M FOR FLOOD VICTIMS

As part of Corporate Social Responsibility (CSR) programme, Shahjalal Islami Bank PLC donated Tk 15 million to Chief Adviser Relief & Welfare Fund for flood-affected people. Company Secretary of the bank Md Abul Bashar handed over a cheque for the amount to Adviser to the Ministry of Disaster Management and...

NEW BOARD OF SOCIAL ISLAMI BANK HOLDS VIEW-EXCHANGE MEET

The newly formed board of Social Islami Bank PLC exchanged views with the Divisional Heads and Branch Managers of the bank in Dhaka city at the bank's head office recently. Dr. M Sadiqul Islam, newly elected Chairman of the bank, was present as the chief guest while Zafar Alam, Managing...

Relocated Mohila branch of NBL opens

The relocated Mohila Branch of National Bank Limited (NBL) was inaugurated on Monday. Md. Touhidul Alam Khan, Managing Director & CEO of the bank, was present as the chief guest at the opening ceremony. Imran Ahmed, Deputy Managing Director of the bank, was present as a special guest.

Janata Bank PLC opens Noyarhat Branch in Savar

Janata Bank PLC’s Noyarhat Branch started operation at a new building with all modern facilities in Savar on Sunday. Deputy Managing Director of the bank Md Foyez Alam inaugurated the branch as the chief guest. Janata Bank General Manager (Dhaka North Div) Md Ekramul Haque Akon and General Manager (Research...

SA Group Employees donate one day's salary for flood-hit people

Employees of SA Group of Industries have come forward to assist flood-affected families in different regions of the country. All employees of the organisation have donated one day's salary to support the flood-hit people. As part of this initiative, a total of seven tonnes of emergency food, drinking water, and...

ECB policymakers at odds over downturn's impact

FRANKFURT, Sept 02 (Reuters): European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources close to the debate said.The ECB cut interest rates...

Saudi Arabia unveils new industrial initiatives to drive economic growth

RIYADH, Aug 02 (Arab News): A revised investment licencing system and a new app are part of a series of initiatives announced by the Federation of Saudi Chambers of Commerce to strengthen the Kingdom's industrial sector. Announced at an open meeting organised by the group and represented by the National...

India’s factory activity growth hits three-month low

BENGALURU, Sept 02 (Reuters): India's manufacturing activity growth eased to a three-month low in August as demand softened significantly, a private-sector survey showed on Monday, casting another shadow over the otherwise robust economic outlook.Growth in Asia's third-largest economy slowed to 6.7 per cent last quarter from 7.8 per cent as...

Intel CEO to pitch board on plans to shed assets, cut costs

NEW YORK, Sept 02 (Reuters): Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the...

Asian markets diverge as China woes offset US rate hopes

HONG KONG, Sept 2 (AFP): Asian markets were mixed Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese economy following the release of more disappointing data.Figures on Friday showed the Federal Reserve's favoured gauge of inflation -- personal consumption expenditures index -- fell...