Bangladesh Financial News

28.11 / 09:47
UPS security rock Investigations Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire's firms
India’s opposition has disrupted Parliament for a third day, protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes
28.11 / 06:37
markets Digital community President inclusion International Joe Biden, Donald Trump asked to intervene as Indian-American body warns of Bangladesh becoming ‘Islamic state’
Indian Diaspora Studies (FIIDS), an Indian-American organisation, has urged US leaders to address the rising violence against minorities in Bangladesh. In letters sent separately to President Joe Biden and former President Donald Trump, FIIDS raised concerns about the safety of minorities, particularly Hindus, in the country. Khanderao Kand, FIIDS President, in his letter to Donald Trump, wrote, «Bangladesh is rapidly descending into a radicalised Islamic state, all under the watch of the US, the State Department, and the UN who must act now to restore democracy and protect minorities. I request not only President Biden but would urge President Trump and his transition team to give priority to restoration of peace and protect minorities in Bangladesh.» In another letter addressed to President Biden, Kand emphasised the importance of protecting vulnerable populations for Bangladesh's democratic progress. He stated, «Bangladesh's progress as a democratic and inclusive society depends on safeguarding the rights of all its citizens, including its most vulnerable populations. We trust that your leadership will champion these values and help restore hope for those who continue to face oppression and displacement.»
27.11 / 03:21
Forbes Updates Bangladesh Women vs Ireland Women Live Score: 1st ODI of Ireland Women tour of Bangladesh, 2024 to start at 09:30 AM
Venue : Shere Bangla National Stadium, Mirpur, Dhaka Bangladesh Women squad - Fargana Hoque, Murshida Khatun, Sarmin Sultana, Sharmin Akhter, Sobhana Mostary, Taj Nehar, Fahima Khatun, Mst Ritu Moni, Shorna Akter, Dilara Akter, Nigar Sultana Joty, Disha Biswas, Fariha Trisna, Jahanara Alam, Jannatul Ferdus, Marufa Akter, Nahida Akter, Rabeya, Sanjida Akter Meghla, Sultana Khatun Ireland Women squad - Gaby Lewis, Una Raymond-Hoey, Arlene Kelly, Laura Delany, Leah Paul, Orla Prendergast, Amy Hunter, Christina Coulter Reilly, Sarah Forbes, Aimee Maguire, Alana Dalzell, Alice Tector, Ava Canning, Cara Murray, Freya Sargent Bangladesh Women vs Ireland Women Match Details 1st ODI of Ireland Women tour of Bangladesh, 2024 between Bangladesh Women and Ireland Women to be held at Shere Bangla National Stadium, Mirpur, Dhaka at 09:30 AM.
27.11 / 02:01
Citizens Strategy community Justice rights peace ISKCON Bangladesh denounces arrest of Chinmoy Krishna Das, calls for peaceful coexistence
ISKCON Bangladesh has issued a statement denouncing the arrest of Chinmoy Krishna Das and called upon the government authorities to promote peaceful coexistence. ISKCON Bangladesh also issued a list of demands to the government for subsequent violence and attacks against Sanatanis in various regions of Bangladesh. ISKCON Bangladesh made note of the above points and more matters in a statement issued, regarding the current situation in Bangladesh and the arrest of Chinmoy Krishna Das. «We express our serious concern and strongly denounce the recent arrest of Chinmoy Krishna Das, spokesperson for the „Bangladesh Sammilito SanatJagaran Jot“. We also condemn the subsequent violence and attacks against Sanatanis in various regions of Bangladesh. We urge the government authorities, to promote peaceful coexistence for the Sanatani community», the statement said.
26.11 / 13:21
markets BLOCK Strategy community gatherings Courts Bangladesh: Thousands block prison car carrying Hindu priest Chinmoy Brahmachari after court rejects bail
Bangladesh's port city of Chittagong gathered in the court premises on Tuesday, demanding the release of Hindu priest Chinmoy Brahmachari. The protesters blocked the prison car after a court rejected his bail plea and ordered his arrest. «Thousands of followers lied down to block the prison car,» a local reporter told over the phone.
26.11 / 10:07
Death students hospital reports Colleges How death of student Abhijeet has sparked protests across three dozen colleges in Bangladesh
Dhaka National Medical College (DNMC), have sparked widespread tensions accross the country, drawing in students from 37 educational institutions, according to local media Dhaka Tribune. The report suggest that students of DMRC allege that their fellow student, Abhijit Hawladar from the 24th batch, died due to medical negligence at the DNMC in Old Dhaka last week. Furthermore, the hospital administration allegedly attempted to cover up the incident by offering Tk10,000 to his family.
26.11 / 04:49
markets Strategy awards Trade President Tirupur’s textile industry sees resurgence as US & UK orders surge amid Bangladesh instability
K M Subramanian, president of Tirupur Exporters Association (TEA) said new apparel buyers from the UK are seeking samples in anticipation that a much-awaited Free Trade Agreement (FTA) will be signed soon between India and the UK. Last week, the Union commerce ministry said talks on the FTA will resume early next year. “The units are getting orders from the US for the upcoming Spring season. A few months ago, the units were operating at 60-65% capacity. But that has changed now,” said Subramanian.
26.11 / 01:37
markets Digital Strategy Experts reports rights Bangladesh ISKCON priest Chinmoy Krishna Das arrested amid protests against Hindu atrocities
Chinmoy Krishna Das Brahmachari, a spokesperson for the Bangladesh Sammilita Sanatani Jagran Jote and an Iskcon priest, on Monday. The arrest was confirmed by Dhaka Metropolitan Police’s Detective Branch spokesperson Talebur Rahman, though no details of the charges have been disclosed, as reported by TOI. “Police spokesperson Talebur Rahman confirmed the arrest but did not give details of the charges.” Chinmoy Krishna Das, a key figure advocating for Hindu rights, was apprehended at Dhaka airport before his scheduled flight to Chattogram. He was later taken to a local police station for questioning.
24.11 / 10:37
markets Strategy awards gatherings Investigations International Adani Group, others' energy projects may be investigated in Bangladesh
Sheikh Hasina from 2009 to 2024," an official statement said. The statement, issued by Chief Adviser Muhammad Yunus's office, said the committee was currently reviewing seven major energy and power projects, including the Adani (Godda) BIFPCL 1234.4 MW coal-fired plant, a wholly-owned subsidiary of Adani Power Limited. The six other agreements include one with a Chinese company that built a 1320 MW coal-fired power plant, while the rest are with Bangladeshi business groups said to be close to the past regime.
23.11 / 04:51
COST UPS Manufacturing Southern Trade country To challenge China, India needs to get out of the way of its factory owners
Subscribe to enjoy similar stories. Boosting manufacturing is critical to India becoming an economic powerhouse. It now has a fresh shot at that with the election of Donald Trump, whose promise to levy sky-high import tariffs on Chinese goods could send more manufacturers to the South Asian nation.
22.11 / 13:05
markets Manufacturing Trade show Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis
Subscribe to enjoy similar stories. Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. Exports to Europe during the April-October period reached $5.66 billion, marking a 6.39% increase compared to $5.32 billion in the same period of FY24.
21.11 / 22:17
markets Digital International DPIIT gives nod to Hinduja Group firm IIHL for acquisition of Reliance Capital
Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said. DPIIT approval was required as some of the shareholders of IndusInd International Holdings Ltd (IIHL) are residents of Hong Kong, a special administrative region controlled by China. According to Press Note 3, if an entity from a nation sharing a land border with India (China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan), or if a citizen or permanent resident of any such country is the beneficial owner of an investment in India, they are required to pursue investment through the government approval route. According to sources, the green signal from the DPIIT will help take forward the resolution plan submitted by Mauritius-based IIHL, which emerged as the successful bidder by submitting Rs 9,861-crore bid for the debt-ridden financial firm.
20.11 / 03:33
UPS stars testing Features International cricket "That's what superstars generate, create all over the world...": Ponting on media hype about Virat in Australia
Ricky Ponting pointed out that star India batter Virat Kohli is popular in Australia because of his passionate and aggressive approach to the game, especially to its longest format. After a disastrous home season with the bat against Bangladesh and New Zealand and underwhelming Test numbers over the years, which includes just two centuries, Virat would be making his fifth and one of his toughest tours to Australia. All the speculation around Virat's form, future in Test cricket and lack of centuries have not affected his hype in Australia as newspapers feature posters and attractive images/slogans highlighting the larger-than-life status the batter enjoys in Australia. Ponting spoke with host Sanjana Ganesan on the most recent episode of The ICC Review and the Australian legend spoke glowingly of the former India captain ahead of the upcoming battle for the Border-Gavaskar Trophy Down Under.
19.11 / 01:47
markets Strategy Matthews community rights peace US urges Bangladesh to end violent crackdowns on peaceful protests
Bangladesh that it does not support government involvement in violent crackdowns on peaceful protests. This statement follows a recent clash between members of the Hindu community and law enforcement forces in Bangladesh's port city of Chittagong, triggered by a Facebook post criticising ISKCON. When questioned about the reported crackdowns on protests and the situation of minorities in Bangladesh, US State Department spokesperson Matthew Miller reiterated that the US supports the right to peaceful protest and opposes any government engagement in violent responses to such demonstrations.
18.11 / 07:45
markets security Strategy country Updates Investigations International Bangladesh tribunal tells investigators to finish probe against ousted premier Sheikh Hasina by next month
ousted former Prime Minister Sheikh Hasina and her close aides who face charges of crimes against humanity after hundreds of people were killed in a mass uprising this summer. Golam Mortuza Majumdar, the head judge of the three-member International Crimes Tribunal, set Dec 17 for investigators to finish their work, as the tribunal heard updates Monday from police about what the country's security agencies have done to arrest Hasina and her close aides. The decision came after prosecutors sought more time for the investigation. Hasina has been living in exile in India since Aug 5 when she fled the country amid the student-led protests. The Dhaka-based International Crimes Tribunal on Oct. 17 issued arrest warrants for Hasina and 45 others including former Cabinet ministers, advisors and military and civil officials. The country is now being run by an interim government headed by Nobel Peace laureate Muhammad Yunus.
18.11 / 04:49
markets Ball patient International Sri Lanka beats New Zealand in 2nd ODI to win another home series
Kusal Mendis hit a patient 74 not out as Sri Lanka beat New Zealand by three wickets under the DLS method with six balls remaining in the rain-hit second ODI. Sri Lanka took an unassailable 2-0 lead in the three-match series with the final game also at Pallekele on Tuesday. Sri Lanka won the first one-day international by 45 runs — also by DLS — after rain disrupted that game at Dambulla. It was Sri Lanka's fifth ODI series win at home in 2024 after it had beaten Zimbabwe, Afghanistan, India and West Indies. Sri Lanka couldn't qualify for next year's Champions Trophy after finishing ninth at last year's 50-over World Cup in India, but has since then lost just one ODI series in Bangladesh while winning five at home. «It is really tough for batters to score runs here,» Sri Lanka captain Charith Asalanka said. «This is just another series. As a team, we are moving towards a big goal and we have to achieve that, this is a process.»
17.11 / 16:15
markets Digital Election Death Experts Bangladesh will seek extradition of ex-premier Sheikh Hasina from India
Muhammad Yunus said Sunday that his administration will seek the extradition of ousted Prime Minister Sheikh Hasina from India, where has been in exile since fleeing a mass uprising in August. In a televised address to the nation on his first 100 days in office, Yunus said that the interim government will try those responsible including Hasina for hundreds of deaths during the student-led uprising that ended her 15-year rule. Yunus took the helm on Aug. 8, three days after Hasina fled the country. He said that not only the deaths in the uprising but all other violations of human rights, including alleged enforced disappearances while Hasina was in power, would be investigated. Bangladesh has sought help from the global police organization Interpol in issuing a red notice for the arrest of Hasina and her associates.
17.11 / 06:13
security Strategy Experts RAI prevention rights Bangladesh extends armed forces judicial powers
The government order, issued November 15, extends for two more months the powers of the armed forces to engage in day-to-day enforcement activities like the police, including making arrests. «The armed forces will carry out the orders assigned to us by the government,» army spokesman Sami-Ud-Daula Chowdhury said Sunday.

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