Business

India’s economy grew 8.4 percent in the December quarter, official data showed Thursday, with a surging manufacturing sector helping defy more modest analyst forecasts, reports AFP. The world’s most populous country is already among the best-performing economies thanks to robust domestic demand and investment. Thursday’s results were significantly higher than the 7.0 percent projected by India’s central bank and other ...

Citing the reason for “adjustment of subsidies,” the government has raised power tariff up to Tk 0.70 per unit on an average. The new rate will come into effect from February 1. The Ministry of Power, Energy and Mineral Resources on Thursday (February 29) issued a gazette notification in this regard. The notification said that the power price hiked at ...

Apple has reportedly cancelled its plans to build electric vehicles (EV) a decade after the iPhone maker was rumoured to be working on the project. The firm has never publicly acknowledged the project, which involves around two thousand people. Many employees from the project will be moved to the iPhone maker’s artificial intelligence (AI) division, according to Bloomberg News. Apple ...

After a one-day holiday on the occasion of Shab-e-Barat, the import-export activities between Bangladesh and India resumed through Hili land port in Dinajpur on Tuesday. However, the movement of travelers through the land port was normal at that time. Hili C&F Agents Association General Secretary and Mayor Jamil Hossain Chalanta confirmed the matter in the morning. He said the import ...

The voting for the biennial committee of the Real Estate and Housing Association Bangladesh (REHAB) for session 2024–26 will be held in Dhaka on February 27. The election will start at 10 am and continue till 4 pm without any break at the pre-scheduled venue, Farmgate Krishibid Institution Bangladesh (KIB), according to a media release signed by the REHAB DGM ...

A readymade garment employee was killed after a Gazipur City Corporation garbage truck ran over her in the Metropolitan Kunia Targachh area on Saturday morning. Soon after the accident, several garments workers in the area took to the street and blocked Dhaka-Mymensingh highway. The angry workers also vandalised and torched the truck. The accident happened at about 7:45am when the ...

India has allowed traders the export of 50,000 tonnes of onion to Bangladesh till March 31. The export will begin with an immediate effect. “We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes to Bahrain and 560 tonnes to Bhutan with immediate effect,” Consumer Affairs Secretary Rohit Kumar Singh told media on ...

The government is planning to float an international tender in March for hydrocarbon exploration in the country’s maritime areas, where it would like US oil giant ExxonMobil to participate and show its hand in the bidding round. The US oil major was conveyed the government’s advice when a delegation of the company, led by its Opportunity Manager Jonathan Wilson, met ...

The 28th Dhaka International Trade Fair (DITF) 2024 concluded at the Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal on the outskirts of Dhaka on Tuesday (February 20, 2024) afternoon. The Export Promotion Bureau (EPB) under the Ministry of Commerce organised the concluding ceremony. State Minister for Commerce Ahsanul Islam Titu and FBCCI president Mahbubul Alam attended the concluding ceremony as ...

The government has decided to reduce the price of soybean oil by Tk 10 per liter. The decision was taken at a meeting of the taskforce on the review of commodity prices and market conditions on Tuesday. The new price will be effective from March 1. As per the new rate, the price of a litre of soybean oil will ...