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

DSE turnover hits seven-week low

The turnover on the prime bourse fell below Tk 6.50-billion on Tuesday, hitting seven weeks low, as most investors were reluctant to make fresh investment in stocks.Turnover, a crucial indicator of the market, stood at Tk 6.12 billion on the country's premier bourse, slumping by 31 per cent over previous...

Beximco Pharma to acquire eight ANDAs from Sandoz Inc

Beximco Pharmaceuticals Limited on Tuesday announced the signing of a definitive agreement with Sandoz Inc., a division of Novartis, to acquire a portfolio of eight Abbreviated New Drug Applications (ANDAs) in the US for an undisclosed amount in cash, said a statement.Beximco Pharma's current US portfolio comprises six US Food...

Top ten cos grab 37pc turnover

The United Power dominated the Dhaka bourse's turnover chart on Tuesday while ten most traded companies captured nearly 37 per cent of transactions.Market analysts said the investors continued to show their buying appetite for United Power Generation & Distribution Company's shares as it posted modest earnings growth for July-December period.The...

UCB, Orogenic Resources (BD) ink deal

United Commercial Bank Limited (UCB) and Orogenic Resources (BD) signed an agreement to purchase world renowned software, DocuWare to execute Document Management System both physically and digitally recently at the Corporate Office of the Bank, said a statement.Mr. N. Mustafa Tarek, Deputy Managing Director of UCB and Mr. A. H....

Mercantile Bank accorded a farewell reception to Kazi Masihur Rahman

Mercantile Bank Limited accorded a farewell reception to Kazi Masihur Rahman, MD & CEO of the bank, upon his retirement from the service on Tuesday in Bank's Head Office. A.K.M. Shaheed Reza, Chairman; Al-Haj Akram Hossain (Humayun), Chairman, Executive Committee; Morshed Alam MP and Al-Haj Mosharref Hossain, Directors were present...

Ahmed Akbar Sobhan

Ahmed Akbar Sobhan, Chairman of Bashundhara Group, Safwan Sobhan, Vice Chairman of Bashundhara Group, Md. Arfan Ali, President & Managing Director of Bank Asia Ltd and other top executives of the participating lenders are seen at the signing ceremony held recently. Bank Asia as Lead Arranger & Agent arranged the...

News Briefs(20-2-2019)

CA exam results publishedThe results of CA professional examination (November-December 2018) of ICAB were published on Tuesday. The results are available on ICAB website: www.icab.org.bd.— Statement Board meetingGlaxoSmithKline (GSK) Bangladesh Ltd.: As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the company has informed that a meeting...

ACI partnership with bKash to expand financial inclusion among rural population

FE DeskAdvanced Chemical Industries (ACI Ltd), the leading integrator of agricultural inputs in Bangladesh and bKash Limited, the largest mobile financial service provider in the country signed a memorandum of understanding (MoU) on Tuesday for facilitating farmers to pay through bKash while purchasing products from ACI Agribusiness. Dr F H...

Shipping cos assured to be included in BSTI board

Shipping companies have demanded of the government to be included in the Governing Board of Bangladesh Standards & Testing Institution (BSTI).The demand was placed on Tuesday when a delegation of Shippers' Council of Bangladesh (SCB) led by its Chairman, Md. Rezaul Karim paid a courtesy call on Industries Minister Nurul...

'Annual Business Conference'

Md. Khalilur Rahman, Managing Director of National Housing Finance and Investments Limited, seen at the 'Annual Business Conference' of the company at its corporate head office in the city recently where S. M. Anisuzzaman, Deputy Managing Director, was present

An agreement for appointment

An agreement for appointment of Manager to the Issue was signed between AAA Finance & Investment Limited and Thakral Information Systems (Pvt.) Limited recently. Khwaja Arif Ahmed, Chairman and Founder, Mohammad Obaydur Rahman FCS, MD and CEO and Abdus Salam Khan, Director on behalf of Manager to the Issue and...

Alibaba boosts stake in investment bank CICC for $231m

SINGAPORE, Feb 19 (Reuters): China's e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp's Hong Kong-listed shares to nearly 12 per cent, an exchange disclosure showed on Monday.The internet giant bought 117 million CICC H-shares - as those listed in...

US stock index futures dip

US stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China, reports Reuters.Trade negotiations between the world's two largest economies will resume in Washington later in the day and will...