Saudi Aramco becomes world’s most valuable company

Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil prices drove up shares and tech stocks slumped.
12 May 2022, 18:00 PM

Shanta Equity gets new CEO

Rubayet-E-Ferdous has recently joined Shanta Equity Ltd, a concern of Shanta Group, as chief executive officer.
11 May 2022, 18:00 PM

Toyota posts record full-year net profit

Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.
11 May 2022, 18:00 PM

Anwar Landmark gets new CEO

Mohammed Fasiul Mowla has been appointed chief executive officer of Anwar Landmark Ltd.
11 May 2022, 18:00 PM

IDLC Finance gets new chief investment officer

A new chief investment officer has been appointed at IDLC Finance who will also serve as the lead director of IDLC Investments.
10 May 2022, 18:00 PM

Hyundai plans US EV plant

Hyundai Motor Co plans to announce a new electric-vehicle manufacturing plant in the United States and has been in discussions to build a facility in Georgia, near existing plants for the Hyundai and Kia brands, the Korean automaker and people with knowledge of its plans told Reuters.
9 May 2022, 18:00 PM

Drawing large investors to stocks still a tall order

When a sector offers opportunities to make a good profit and there is a conducive climate to invest, investors -- large and small and local and foreign -- don’t need to be told to channel investments there. Money flows in automatically. It is common when it comes to investment in the free market economy.
8 May 2022, 18:00 PM

Shwapno clocks record sales growth

Shwapno, the largest retail chain in Bangladesh, posted the biggest growth in turnover in the last financial year, driven by higher sales through its e-commerce platform and teleservice amid the coronavirus pandemic.
7 May 2022, 18:00 PM

Brac Bank’s ‘premium’ clients to enjoy benefits

Brac Bank last week signed a memorandum of understanding (MoU) with Ace Autos, the authorised distributor of China-based Great Wall Motor Company’s Haval sport utility vehicles (SUVs) in Bangladesh.
30 April 2022, 18:00 PM

HSBC’s top shareholder calls for its break-up

HSBC Holdings’s largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday.
30 April 2022, 18:00 PM

MFS providers in a costly battle for supremacy

Mobile financial service (MFS) providing companies are spending big in the form of cashbacks on purchases made during the ongoing Eid sales season as they are fighting a costly battle for digital payment supremacy in the country.
30 April 2022, 18:00 PM

Square Pharma’s profits up 22pc

Profits of Square Pharmaceuticals and its subsidiaries surged 22 per cent in the first nine months of the current financial year of 2021-22 due to higher sales.
28 April 2022, 18:00 PM

Mobil Jamuna to buy 2nd oil tanker

Mobil Jamuna Bangladesh, a listed lubricant seller, is going to add another oil tanker to its fleet in order to increase its oil trading capacity as well as rent the vessel out to others.
28 April 2022, 18:00 PM

Unilever revenue up

Unilever on Thursday announced a jump in revenue after the British consumer goods giant passed on higher costs to customers.
28 April 2022, 18:00 PM

Banglalink sees rise in revenue

Banglalink reported a sharp increase in its quarterly revenue driven by strong data sales as the mobile network operator continued its 4G investment.
28 April 2022, 18:00 PM

Beximco Pharma’s profits drop

Beximco Pharmaceuticals saw around 27 per cent lower profits despite registering higher sales in the third quarter of the current financial year thanks to a rise in marketing and selling costs, according to the company’s financial report.
28 April 2022, 18:00 PM

Chevron, Brac funded Jibika project ends

A programme was recently held at Brac Centre in Dhaka marking the end of a Jibika (livelihood) project run in areas adjacent to Chevron-operated gas fields in Sylhet, Moulvibazar and Habiganj districts.
27 April 2022, 18:00 PM

Unilever stocks rise on higher profits

Stocks of Unilever Consumer Care, formerly known as GlaxoSmithKline, rose 0.52 per cent to Tk 2,861 at Dhaka Stock Exchange (DSE) yesterday after it announced that its profits had gone up 40 per cent.
27 April 2022, 18:00 PM

Brummer to sell 1cr shares of Runner Automobiles

Brummer Frontier PE II (Mauritius) is going to sell 1 crore of its shares in Runner Automobiles as a part of its initial objective for buying a stake.
27 April 2022, 18:00 PM

Apex sees 50pc rise in profits

Apex Footwear saw its profits rise 50 per cent despite recording lower sales between July 2021 and March 2022 of the current financial year (FY) mainly due to lower raw material costs, according to the company’s latest quarterly report.
27 April 2022, 18:00 PM