Business

Amid the funding winter, online grocery delivery startup Zepto has become the first unicorn of 2023 to raise $200 million in Series-E fundraise, valuing the company at $1.4 billion. The fundraise was led by US-based private markets investment firm StepStone Group. Also, the investment marks StepStone Group’s first direct investment in an Indian company. Avendus Capital acted as an exclusive ...

Sandwich chain Subway is set to be bought by a private equity firm, ending six decades of family ownership. The company announced it had agreed a deal with US-based firm Roark Capital, which has brands Baskin-Robbins and Dunkin’ on its books. The chain did not reveal the terms of the sale, but Reuters reported it has been valued at more ...

Essential market in the capital is instable due to hike in prices of egg, onion, garlic and potato. Buyers are also struggling not only to buy fish and meat but also egg, onion, garlic and potato. Visiting Muslim Bazar in Mirpur and Kitchen Market in Mirpur-11 on Friday, garlic was seen costlier alongside some other commodities. Local onion was selling ...

The government has taken a decision to provide export incentives or cash assistance to 43 products in the current fiscal year 2023-24. Bangladesh Bank (BB) on Thursday issued a circular in this regard, BSS reports. According to the circular, exporters will receive cash incentives at the rate of one percent to 20 percent as they received in the past financial ...

Fuel traders in Khulna threatened to go for a strike for an indefinite period from September 3 if their three-point demand, including raising sales commission, is not met by August 31. Abdul Gaffar Biswas, president of Khulna District Petrol Pump Owners Association, made the announcement after a meeting with fuel traders in the New Market area of Khulna city on ...

Biman Bangladesh Airlines is launching its Dhaka-Narita (Tokyo) direct flight from September 1, 2023, Shafiul Azim, managing director and CEO of the national flag carrier, told UNB. The Biman CEO said that the inaugural flight will take off from Dhaka’s Hazrat Shahjalal International Airport on September 1 at 11:45 pm local time and reach Narita International Airport in Japan on ...

The National Board of Revenue (NBR) on Tuesday officially launched the Electronic Fiscal Device Management System (EFDMS) in a significant step towards enhancing transparency and expediting revenue collection in the country. Private firm Genex Infosys Limited will oversee the implementation of this system across diverse business establishments, serving as a pivotal support for VAT collection within commercial enterprises. The initial ...

In order to keep the price affordable, import permission (IP) of onions will be given from any country in the world apart from India, said Agriculture Minister Dr Md Abdur Razzaque. The minister made the statements while talking to reporters in his office at the secretariat on Monday. The price of onion is increasing every day in the market of ...

The Revenue Department of the Indian Finance Ministry has imposed a 40 percent duty on onion exports to Bangladesh effective on Sunday, causing a hike in the price of the item mainly used as spice in local markets. An Indian gazette notification signed by Amreeta Titus, deputy secretary of the Revenue Department under the Finance Ministry said the duty will ...

Country’s export earnings, especially from the RMG sector, are likely to suffer a setback as buyers have cut orders apprehending political violence ahead of the next general election amid rigid stance of both Awami League and BNP over the caretaker government issue. The exporters have expressed concern that if there is any polls-centric political violence, it may hurt industrial production ...