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

Paramount Textile to form new consortium

Paramount Textile Limited (PTL) has decided to form a new consortium."The new consortium consisting of Paramount Textile and Acron Infrastructure Services will establish a 200 mw HSD-fired engine -based power plant on Build, Own and Operate (BOO) basis upon getting permission from the authority concerned at Baghabari in Sirajgonj under...

DSE sees relegation of eight cos to Z-category in 2017

Eight listed companies were downgraded to 'Z' category, a trading platform for worst-performing companies, from the best and medium performing status in 2017 as two of them were not in operation and others did not recommend dividend.The companies also incurred losses for the year ended on June 30, 2017 against...

Equities break six-day rally on profit booking

Stocks broke a six-day rally on Thursday, as investors went on a selling spree to bag profits. Brokers said the market faced a mild correction as investors went for profit booking after witnessing gains for six consecutive days."Stocks witnessed a natural correction, as investors intended to realise the profit generated...

DBBL launches VIP banking Lounge at Gulshan

Dutch-Bangla Bank recently launched 2nd VIP Banking Lounge on the premises of Gulshan Circle-1 Branch at 23, Gulshan Avenue, Dhaka for the prime customers of the Bank.Abul Kashem Md. Shirin, Managing Director & CEO of the Bank formally inaugurated the lounge.To be qualified as a VIP Banking customer, an account-holder...

MetLife signs deal with Seven Circle

MetLife Bangladesh and Seven Circle (Bangladesh) Ltd. signed a group insurance agreement to provide employee benefits to the associates of Seven Circle (Bangladesh) Ltd. Under this group insurance agreement, MetLife Bangladesh will provide Group Life and Medical Coverage to the eligible employees of the Seven Circle (Bangladesh) Ltd, said a...

Power sector dominates DSE turnover chart

Fuel & power sector dominated the Dhaka bourse transaction chart Thursday led by United Power Generation & Distribution Company while top 10 traded companies captured 27 per cent of the total turnover.Brokers said the power sector emerged as the turnover leader as the sector's heavyweight issue United Power continued to...

China stocks rise for fifth day

SHANGHAI, Jan 4 (Reuters): China stocks extended gains on Thursday, up for the fifth session in a row, aided by data showing Chinese services sector activity grew at its best pace in more than three years in December.China's services sector activity expanded in December on solid growth in new business,...

DSE/CSE News in Brief (05-01-2018)

DSE NewsRecommendation of dividendBangladesh Shipping Corporation: Bangladesh Shipping Corporation has recommended 10 per cent cash dividend for the year ended on 30 June 2017. AGM will be held on 15 March 2018 at 11:00am at Shaheed Mohammad Fazlur Rahman Munshi Auditorium, Chittagong Port Area, Chittagong. Record date is on 24...

Nifty gains above 61 points

Mumbai, Jan 4 (PTI): NSE benchmark Nifty on Thursday witnessed a rally towards the fag-end, closing with 61 points gain following strong buying mainly in metal, PSU bank, infra and pharma.Positive cues from global markets also boosted investor sentiments.Overseas, European markets were trading higher as investors reacted to robust economic...

News Briefs-(05-01-2018)

RSRM Steel revises issue price of rights The board of directors of Ratanpur Steel Re-rolling Mills (RSRM) has reduced the issue price of proposed rights shares. Now the company proposed two rights shares for existing three shares at Tk 20, including a premium of Tk 10 each, instead of earlier...

Managing Director of Anchor Securities Ltd speaking at a training session

Managing Director of Anchor Securities Ltd AZM Nazim Uddin speaking at a training session under 'Nationwide Financial Literacy Programme' at DSE Training Academy in the city Wednesday.

RFL Group showcasing its diversified products at DITF

Italiano, a popular melamine brand of RFL Group, has been showcasing its diversified products with attractive designs at Dhaka international trade fair (DITF). The melamine brand has introduced 110 new products at the fair. It is offering up to 25 per cent discount on its products.