Friday, 28 Feb, 2025

Business

Tata airline ‘Vistara’ set for Oct launch

DHAKA: The Tata-Singapore Airlines alliance on Monday unveiled the brand name for its venture in India. The new airline has been christened ‘Vistara’. ‘Vistara is inspired by Vistaar, a Sanskrit word that defines the world of limitless expanse,’ the company tweeted, reports

India asks BD to allow 35,000-ton food grains

DHAKA: Neighboring India asked Bangladesh to permit a shipment of 35,000 tonnes of PDS foodgrains every month via sea route.The country requested in view of difficulty to be faced from October with the start of gauge conversion work in North East, The India Times reports on

Stocks witness gain Monday

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Monday.The broad index of Dhaka Stock Exchange, DSEX, rose over 34 points to stand at 4,565 at the close on the third trading day of the week.Trade deals stood at 152,815 with transaction at Tk 7,901

Sonali Bank to sue Hallmark at noon

DHAKA: The authorities of Sonali Bank on Monday is going to file a case accusing 33 people including Hallmark Managing Director Tanvir Mahmud and former officials of Sonali bank (Rupashi Bangla branch) over loan scandal.The case would be filed with the court of Joint District Judge-1

HC issues rule over bail of Destiny chair, MD

DHAKA: The High Court on Sunday issued a rule upon the government to explain within four-week why should not be granted bail to Destiny Group chairman and its managing director (MD) over money laundering case. A vocation bench of Justice Mizanul Haque and Justice Jafar Ahmed issued the

Tuba workers get salary, overtime bills

DHAKA: Workers of Tuba Group started taking salary of July month and overtime bills from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) building on Sunday noon. According to decision taken from tripartite meeting with worker, the government and BGMEA, the factory

Stocks end higher Sunday

DHAKA: Country's stock market marked significant gain in its price indices on Sunday. The broad index of Dhaka Stock Exchange, DSEX, shed over 44 points only to stand at 4,530 at the close on the first trading day of the week. Trade deals stood at 143729 with volume of transactions at

Tuba workers’ July salary Sunday

DHAKA: Tuba workers will get their salary for the month of July on Sunday. The decision came from a tripartite meeting of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and workers with Shipping Minister Shahjahan Khan on Saturday noon. The BGMEA has already paid the

‘Foreign investment not required in RMG sector’

DHAKA: Abdus Salam Murshedi, leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has said foreign investment is no more necessary in the readymade garments sector. “The foreign investment is not needed in the garment sector in Bangladesh but the investment is

Etihad Airways to take stake in Alitalia

DHAKA: Etihad Airways is injecting €560 million and taking a 49 percent stake Italy’s debt ridden national carrier Alitalia after 12 months of negotiations. The deal, finalised in Rome on Friday, gives Etihad access to Europe’s fourth largest travel market but also means that

Workers unrest at Ashulia sweater factory

SAVAR, DHAKA: The workers of Helicon Sweater factory started work abstention at Dhaka Export Processing Zone (DEPZ) in Savar, on outskirt of the capital, on Saturday. Sources said that the workers of the factory entered into the factory on time and then started sit-in programme to meet

Ralph Lauren under fire for not to sign accord

DHAKA: Activists are rallying against United States-based clothing company Ralph Lauren for its staunch refusal to sign an international agreement that seeks to improve conditions for factory workers in Bangladesh, one of the world's biggest clothing suppliers. Nazma Akter, a 41-year-old

Power agreement with Nepal soon

KUSHTIA: Power and Energy Minister Nasrul Hamid Bipu on Thursday said the government would sign a power agreement with Nepal soon.“Both countries came to a consensus in this regard. The Nepalese government asked for a draft copy (of the agreement), which will be sent soon and want

Forex reserve sets $22b benchmark

DHAKA: The foreign exchange reserve has crossed the $22 billion mark for the first time in history riding on buoyant remittance inflows, moderate exports and declining import payments.Bangladesh Bank, the central bank of the country, made the disclosure on Thursday afternoon.BDST: 1723

Court sends plaintiff to jail

DHAKA: A Dhaka court on Thursday sent the plaintiff of toxic Paracetamol case to jail for his absence in court for three years after filing case. Abul Khaier Chowdhury, inspector of drug administration department, was sent to jail as he didn’t appear before the court in spite of

Call for workers’ demo in all RMG units

DHAKA: Readymade garment workers called for indefinite countrywide demonstration from Thursday to press their 5-point demand including to pay the salary from the Tuba factory.Labor leader Moshrefa Mishu called the strike after the police pulled out the workers of five factories of

Stocks witness mixed Thursday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Thursday.The broad index of Dhaka Stock Exchange, DSEX, rose over one point to stand at 4,486 at the close on the last trading day of the week.Trade deals stood at 1,13,860 with transaction at Tk

Tuba workers taking wages for day-2

DHAKA: Garment owners’ organization Bangladesh Garment Manufactures and Exporters Association (BGMEA) has started giving wages to the workers of five Tuba Group factories on the second-day. The process has started at 9:45 am on Thursday from BGMEA building in city’s Karwan Bazar

India central bank governor warns of global market crash

DHAKA: India’s central bank governor Raghuram Rajan says global markets are at risk of a ‘crash’ should investors start bailing out of risky assets created by the loose monetary policies of developed economies. The comments, carried in an interview with Central Banking Journal,

RMG workers stage demo Thursday

DHAKA: Tuba Group Sramik Sangram Committee called for countrywide protest on Thursday if their demand is not meet by authorities of the group.  Leader of the committee and deputy general of Bangladesh Garment Workers’ Trade Union Jolly Talukder confirmed the matter to banglanews. She