Business

Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement early Wednesday. He was 86. Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in a Mumbai hospital, ...

Bangladesh’s export earnings in September increased by 6.78 per cent despite workers’ unrest in garment sector. According to the Export Promotion Bureau (EPB) Bangladesh’s export earnings in September reached US $3.51 billion, a $220 million jump compared to the same period last year. EPB Vice Chairman Anwar Hossain said this at a press conference on monthly export earnings review at ...

The metro rail operation is likely to resume at Mirpur 10 Station by the middle of this month, said the metro rail operating company the Dhaka Mass Transit Company Limited (DMTCL) on Tuesday (October 8). Following a meeting on Tuesday, DMTCL’s company secretary Khondker Ehteshamul Kabir said efforts were going on to resume metro rail operation at Mirpur 10 station ...

The government has permitted to import of 40.5 million eggs to stabilise prices and ensure the availability of this essential commodity. The Ministry of Commerce granted approval for the import of the eggs to seven designated firms, a notification in this regard on Tuesday confirmed. The domestic egg market has witnessed a sharp increase in prices over the past few ...

The overall inflation decreased by 1.17 percent in August compared to last July, according to a report published by the Bangladesh Bureau of Statistics (BBS) on Sunday. According to BBS, the overall inflation was 11.66 percent in July, which declined to 10.49 percent in August. Besides, food inflation declined to 11.36 percent in August, from 14.10 percent in July. However, ...

Macroeconomic adjustments undertaken in recent months and robust economic fundamentals will pave the way for growth to rebound Bangladesh’s economy over the coming year, observed Frederic Neumann, Chief Asia Economist and Co-Head of Global Research Asia of the Hongkong and Shanghai Banking Corporation (HSBC) Limited. “Bangladesh is already well on its way to recovery. Macroeconomic adjustments undertaken in recent months, ...

The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax. The UK’s largest mortgage lender said the average price hit £293,399 in September, just short of the record £293,507 reached in June 2022. Prices have now risen for three months in a row, ...

Bangladesh received inward remittance of US $ 425 million in five days of October, showing an uptrend of $100 million remittance flow year-on-year. According to Bangladesh Bank’s latest update, the expatriates sent $325 million remittance during the same period (October 1-5) in 2023, reports UNB. The expatriates sent inward remittance of $ 6967 million ($6.69 billion) so far in the ...

Trading on the country’s two bourses-Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday witnessed fall as the investors were on a selling spree, especially on major sectors, apparently due to a confidence crisis. The prime index of the Dhaka Stock Exchange (DSE) is decreased by 83.80 points, settling at 5,378.78. The blue-chip index, DS30, which comprises 30 ...

EXIM Bank holds ‘Quarterly Business Development Conference 2024’ at it’s head office in the capital on Saturday (October 05). Chairman of the Bank Md. Nazrul Islam Swapan was present as Chief Guest while Managing Director and CEO Mohammad Feroz Hossain presided over the conference. Members of the Board of Directors of the Bank Md. Nurul Amin Faruk, Independent Director SM ...