DHAKA: Alibaba, the Chinese e-commerce giant, secured its place in history Thursday as the largest U.S.-listed initial public offering (IPO) of all time. The stock priced at $68 per share. That's at the top of the expected range, signaling strong demand. Only large investors like hedge

DHAKA: Tube-light, which is already popular as power and cost saver than regular bulb, is going to be more power saver. Sources told banglanews that Bangladesh Steel & Engineering Corporation (BSEC) recently has taken some initiatives to make tube-lights more power saver. The BSEC,

DHAKA: Eleven Non-Resident Bangladeshis (NRBs) have received Commercially Important Persons (CIP) cards for their outstanding contribution to the country’s economy. Expatriates’ welfare and overseas employment minister Khandker Mosharraf Hossain handed over the cards to 10 of them at

DHAKA: Parliamentary Standing Committee on Ministry of Power, Energy and Mineral Resources recommended the same price for Octane and compressed natural gas (CNG) by increasing CNG price. The committee also proposed for more subsidies on Liquefied Petroleum Gas (LPG) to increase the use

DHAKA: Sonali Bank filed a money loan case against Paragon Printing and Packaging Limited for realizing around TK 8-crore.On behalf of the Sonali Bank, its executive officer Abdus Salam filed the case with money loan court at 11:00am Thursday.After filing the case, he told banglanews

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday. The broad index of Dhaka Stock Exchange, DSEX, rose over 67 points to stand at 4866 at the close on the last trading day of the week. Trade deals stood at 196174 with transaction at Tk

DHAKA: Government has appointed Sirajuddin Ahmed Chowdhury as new chairman and director of directorial body of Janata Bank Limited for next five years.The Bank and Financial Institutions Division of the Ministry of Finance issued a circular on Wednesday some eight days after the post

DHAKA: A gang of miscreants shot a money exchange owner in city’s Mirpur area on Wednesday. The victim was identified as Mohammad Shahidul Islam, owner of RR Money Exchange. Locals said a gang of unidentified miscreants shot him in the area around 2:30pm, leaving him injured

DHAKA: The Anti-Corruption Commission (ACC) quizzed Managing Director (MD) Afroza Bari of Ananda Shipyard on allegation of loan scam of Tk 1300 crore. Deputy Director Mir Zainul Abedin Shibli of ACC interrogated her from 12:00 noon to 13:45pm Wednesday. Pranab Kumar Bhatacharya, deputy

DHAKA: The 30th Social Business Design Lab took place on September 17 at the Grameen Bank Auditorium.  Over 120 participants and observers from national and international organizations with diverse background attended the program. The Design Lab was chaired by Nobel Laureate Professor

DHAKA: Aysha Memorial Specialized Hospital Pvt Ltd is serving the taxpayers at ‘National Income Tax Fair-2014’ at Officers’ Club in the city. Sources said the taxpayers are being provided free treatment, including pressure checking and sugar test. In this regard, Aysha Memorial

DHAKA: A two-day international textile exposition titled ‘Indian Textile Exhibition-INTEXPO Bangladesh’ will begin at Sonargaon Hotel in the city from September 29. The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), an apex body of man-made fiber (MMF) textile

DHAKA: Country's stock market marked significant gain in its price indices on Wednesday.  The broad index of Dhaka Stock Exchange, DSEX, shed over 38 points only to stand at 4,798 at the close on the last trading day of the week. Trade deals stood at 167327 with volume of transactions

DHAKA: Golden Harvest Ice Cream Limited, a subsidiary Company of Golden Harvest Agro Industries Limited, is set to start manufacturing ice-cream from Thursday. The matter was published on the website of Dhaka Stock Exchange (DSE) on Tuesday. It said, “The Company has informed that the

DHAKA: Commerce Minister Tofail Ahmed on Tuesday categorically said that the best tax gives would be regarded as ‘Commercially Important Persons (CIP)’. He made the announcement while addressing the inaugural ceremony of week-long ‘National Income Tax Fare-214’ at Officers’

DHAKA: Novartis Bangladesh Ltd has appointed Aquamarine Distribution Ltd (ADL) as the exclusive distribution partner to distribute one of their flagship products WON Mosquito Repellent Lotion, a press release says.Managing Director of Novartis Bangladesh Ltd Nahar Mahmud and Managing

DHAKA: Finance Minister AMA Muhith said people even now fear about income tax and the government is working to lessen the fear as well as harassment in this regard.The finance minister came up with the assertion while addressing an award giving ceremony to 402 people and

DHAKA: Pilots at Germany’s biggest airline Lufthansa said they would go on strike Tuesday, for the fourth time in three weeks, over changes to early retirement rules.A union said, reports The Straits Times.The eight-hour walkout will go from 9am to 5:00pm local time and hit

DHAKA: All types of official activities as well as the trading of shares at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed for five days on the occasion of upcoming Eid-ul-Azha.DSE and CSE sources said on Monday.The Eid vacation will begin from

DHAKA: The National Income Tax Day-2013 being marked in the country on Monday with a view to creating mass awareness about income tax.  The slogan for the Income Tax Day 2014 is 'Boost income tax, bring prosperity to the nation and the people'. Ghulam Hussain, Secretary Internal