Saturday, 20 Apr, 2024

Business

Indian billionaires Ambani and Adani collaborate for first time

In a groundbreaking move, Mukesh Ambani and Gautam Adani, two of India's billionaires, have entered into their first-ever collaboration for a power project in Madhya Pradesh. According to a PTI report, Reliance Industries, Ambani's conglomerate, has acquired a 26 per cent stake

Ghorer Bazar offers safe food to customers' doorstep

Online shopping website “Ghorer Bazar” is working to ensure 100% pure and safe food supply. Domestic e-commerce companies have already gained recognition and trust as one of the safest food suppliers in the country Ghorer Bazar started its journey in 2020.  In

FBCCI seeks cooperation to identify corrupt traders

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) today (March 28) urged the market committees to cooperate to identify the corrupt traders. Md Amin Helali, FBCCI's senior vice-president, made this call at a meeting between the FBCCI's market monitoring

Govt to import 50,000 tons of onion from India

The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal in principle for importing some 50,000 metric tons of onion from National Cooperative Exports Limited of India. The approval came from the sixth meeting of the CCEA in this year held at the Cabinet Division

Saudi ITFC signs $1.4bn energy financing plan with Bangladesh

The Islamic Trade Finance Corporation (ITFC) signed an agreement on Monday to provide $1.4 billion to the Bangladesh Petroleum Corporation, Saudi Arabia's state news agency SPA reported. The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at

Boeing boss to leave as firm faces safety crisis

Boeing boss Dave Calhoun will leave at the end of this year amid a deepening crisis over the firm's safety record. Boeing also said that the head of its commercial airlines division will retire immediately while its chairman will not stand for re-election. The firm is under

India extends ban on onion export ahead of general poll

India has extended its ban on onion exports indefinitely - a surprise move that comes ahead of a general election and is set to exacerbate high prices in some overseas markets. Imposed by India - the world's biggest exporter of the vegetable - in December, the ban was due to expire

ICP to benefit both Bangladesh, India economically: BGB DG

Major General Mohammad Ashrafuzzaman Siddiqui, the director general of Border Guard Bangladesh (BGB), has stated that the launch of the Integrated Checkpost (ICP) in Ramgarh, Khagrachari, will significantly benefit the economies of both Bangladesh and India.  According to him,

Bangladesh, South Korea discuss ways to broaden economic ties

South Korea's industry ministry said it has discussed ways to broaden the economic ties with Bangladesh, including seeking a bilateral trade and investment promotion framework (TIPF). Trade Minister Cheong In-kyo met with his Bangladesh counterpart, Nurul Majid Mahmud Humayun, in

Demand for feed set to rise in Bangladesh: USDA report

Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations, according to a report from the Foreign Agricultural Service (FAS) of the United States Department of Agriculture (USDA). 

Travel fares, Umrah package prices soar amid Ramadan rush

Umrah travel agencies and tour operators have nearly doubled the price of tour packages per person, with fees expected to triple in anticipation of a heavy rush during Qiyam Al-Layl, the last 10 days of Ramadan. Umrah travel operators in Riyadh have almost doubled the price of

Gold price surge again

Jewellers have increased the gold price by Tk2,916 to Tk1, 14,073 per bhori in local market within two days of dropping the tariff of the precious metal. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

Reddit IPO: Share sale values social media firm at $6.4bn

Reddit has priced its shares at the top of a marketed range, valuing the social media platform at $6.4bn (£5bn). It has raised $748m as it sells 22 million shares for $34 each, making it one of the biggest initial public offerings (IPO) by a social media firm. The shares will

CSE gets maiden commodity exchange license

The Chittagong Stock Exchange (CSE) on Wednesday got the license of the country's maiden commodity exchange from the securities regulator nearly four months after the publishing of rules. The Bangladesh Securities and Exchange Commission (BSEC) approved the commodity exchange (CX)

Reports invited for BAJUS Media Awards

The Bangladesh Jewelers' Association (BAJUS) is going to confer the 'BAJUS Media Award 2024' for the second time and thus invited reporters to submit their reports to take part in the event. The journalists of both Bangla and English, online newspapers and television

Gucci sales to fall by 20% due to Asia slowdown

Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and Hermès whose sales have remained resilient. The luxury market has grown in the past decade but

Gold price drops

Bangladesh Jeweller’s Association (BAJUS) today (March 19) reduced the price of gold has declined in the local market.  The standing committee on pricing and price monitoring of BAJUS fixed new prices of gold at a meeting today. Taking into consideration the overall

$1.01b remittance flows in 15 days of March

The inflow of remittance to Bangladesh in the first 15 days of March has slightly gone down compared to last month, according to the Bangladesh Bank (BB) report. BB's recent report, which was released today (March 18) inflow of remittance this month totaled 1.01 billion US dollars.

Padma Bank, Exim Bank sign MoU for merger

Padma Bank PLC has initiated the official process to merge with Shariah-based private commercial Exim Bank PLC. Padma Bank Managing Director Tareq Reaz Khan and Exim Bank Managing Director Mohammad Feroz Hossain signed a memorandum of understanding (MoU) in this regard at an event at

India to export 1,650 tonnes of onions to Bangladesh

National Cooperative Export Ltd (NCEL), the government's export agency of India has announced plans to purchase 1,650 tonnes of onions from private traders at Rs 29/kg for export to Bangladesh, according to a report by The Economic Times (ET).  This move marks the first