DHAKA: India’s central bank has cut its key interest rate for the first time this year.   The Reserve Bank of India (RBI) reduced its repo rate to 6.5% from 6.75%, in line with the expectations of many economists, reports the BBC. The repo rate is the level at which the

DHAKA: Many Asian markets fell on Tuesday as the decline in the oil price appeared to weigh on investor sentiment.   In Japan, the benchmark Nikkei 225 had fallen by more than 2% by midday, shedding 353 points to 15,769. This left the index on track for its sixth straight session

DHAKA: The Gross Domestic Product (GDP) growth of Bangladesh has hit 7.05 percent for the first time while per capita income has stood at 1466. The information was revealed in an ECNEC meeting on Tuesday. BDST: 1145 HRS, APR 05, 2016 AKA/SMS

DHAKA: State minister for power, energy and mineral resources Nasrul Hamid said that the first phase of fuel price reduction will be announced by seven days.   The state minister confirmed the matter to banglanews on Monday (April 4). According to him, the government is thinking

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed sharp gain of share price indices on Monday (April 4), the second trading session of the week.   DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over

DHAKA: Bashundhara Paper Mills Ltd, the largest paper and tissue manufacturing company in the country, was awarded with FSC-CoC certificate recently by RINA Services S.p.A, Italy. This made the company first and only FSC-CoC certified paper and tissue manufacturing company in

DHAKA: The local entrepreneurs are showing reluctant to make investment in the establishment of LED chip manufacturing unit in Bangladesh as there is discrepancy in the import duties’ structure between complete LED chip and its necessary raw materials.   LED (Light Emitting Diode)

DHAKA: After successful operation in the domestic region, US-Bangla Airlines has declared Kathmandu to be its first international destination in Nepal.   US-Bangla operates flights to highest number of destinations and carried the highest number of passengers within Bangladesh.

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country are witnessing gain of share price indices in the opening hour on Monday (April 4), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

DHAKA: Keeping in concern Bangali’s biggest festival Pahela Baishakh, Sunaina’s Boutique brings its collections of saris and salwar kamizs, three-piece, shoes, fashion accessories and fashion products. Young women entrepreneur and founder of the boutique Sunaina Mandipa said they

DHAKA: China’s tech giant Huawei said profits for the full year to December rose by 33% from a year earlier, boosted by demand for its smartphones, among other devices. Net profit came in at 36.9bn yuan ($5.7bn), the firm said, reports the BBC. Strong sales in China and Western

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed gain of share price indices on Thursday (March 31), the final trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 22.24 points

DHAKA: Markets in Asia were in positive territory early on Thursday as investors continued to find solace in Fed comments about US interest rates. Earlier this week, US Federal Reserve chair Janet Yellen said the Fed should ‘proceed cautiously’ before raising interest rates,

DHAKA: Abdul Monem and ASM Mohiuddin Monem receive President’s Industrial Award in city on Wednesday (March 30). Abdul Monem, Managing Director of Abdul Monem Limited (AML) received the President’s Industrial Award under the large industries category for playing an important role

DHAKA: The sales of air conditioners (ACs) have been moved up across the country with the advent of sweltering heat as people started purchasing ACs of both the local and the international brands to get relief from the heat. This year, the people are experiencing hot weather a little

DHAKA: Islami Bank Bangladesh Limited (IBBL) organized a get-together and discussion on the occasion of its 33rd anniversary at Muhammad Yunus Auditorium of Islami Bank Tower in city on Wednesday (March 30)   IBBL chairman Engineer Mustafa Anwar was present in the program as chief

DHAKA: The world’s largest plane manufacturer Boeing plans to cut more than 4,500 jobs by the middle of the year to reduce costs. A company spokesman said about 1,600 positions will go through voluntary redundancies while the rest will take place through attrition. The bulk of the

DHAKA: India’s Tata Steel plans to sell its loss-making UK business, putting the jobs of thousands of workers at risk. Its European holding company has been told to ‘explore all options for restructuring’, including the partial or entire sale of its UK operations. Union

DHAKA: Markets in Asia were mixed in early trade on Wednesday despite a positive lead from Wall Street after US Federal Reserve chair Janet Yellen said the Fed should ‘proceed cautiously’ before raising interest rates. Japan was in negative territory following disappointing

DHAKA: The two bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- of the country witnessed gain of share price indices on Tuesday (March 29), the third trading session of the week, after observing fall for five trading days at a stretch. DSEX, the prime index