Bangladesh Financial News

Marico Ltd, which beat estimates in Q2, flagged concerns regarding food price hikes and retail inflation on Tuesday in its Q2 exchange filing. The homegrown FMCG further noted that these concerns will be monitored in the near term. However, the company expects encouraging demand trends owing to above-normal monsoon season, the Centre's budgetary allocations towards boosting the rural economy and upcoming festive season. «Amidst the backdrop of improving macro-indicators, we expect a gradual uptick in the growth of our core categories in the domestic business through the ongoing initiatives to enhance the profitability of our General Trade (GT) channel partners and transformative expansion in our direct reach footprint under Project SETU,» it said in its filing.

Amit Shah said on Sunday that infiltration at Indo-Bangladesh border will stop completely if BJP comes to power in the state in 2026. Lashing out at the Trinamool Congress-led government over corruption, Shah said the funds sent by the Modi government are routed to corrupt Trinamool leaders. “Mamata Didi talks about injustice in MGNREGA. You (Mamata) were part of UPA. But now in the NDA regime, Modi, in the last ten years, has sent Rs 56,000crore for NREGA. When Modi sends money, it goes to corrupt TMC leaders. Where does this money go? Did the money go to people or Trinamool Congress.” Shah hit out at INDIA Alliance as well during his speech. He also assured that “Achhe Din” will come to Bengal after counting of 2026 assembly polls is completed and BJP comes to power. “Peace will come once infiltration stops. Partnership with neighbouring countries like Nepal, Bangladesh, Myanmar in terms of business and cultural aspects will be enhanced. In terms of progress, several initiatives can be possible,” Shah said as he inaugurated the Passenger Terminal Building and Maitri Dwar at Land Port in Bengal's Petrapole today.

Amit Shah arrived in West Bengal late Saturday night, where he will be inaugurating the party's 'Sadasyata Abhiyan' in the state. Shah was welcomed by BJP leaders Suvendu Adhikari and Sukanta Majumdar. Earlier, BJP leader Agnimitra Paul informed that Amit Shah will inaugurate the party's membership drive in West Bengal which has been going on across the country on Sunday.

Border Security Force (BSF) and its Bangladeshi counterpart the Border Guard Bangladesh (BGB) were to be tentatively held between November 18 and 22 in the national capital, the first such meeting after the collapse of the Sheikh Hasina government on August 5. Sources told PTI that the Bangladeshi side informed about the postponement and indicated that they were working on «an early date» for the meeting to be held. Overall, it will be the 55th edition of the Director General (DG)-level talks between the two forces that also includes officials from the home and external affairs ministries, and anti-narcotics, Customs and some other federal agencies from both the countries that have a stake in border management.

Subscribe to enjoy similar stories. Afcons Infrastructure Ltd, the flagship company of the Shapoorji Pallonji Group specializing in infrastructure, engineering, and construction, is set to launch its much-anticipated initial public offering (IPO) on Friday. Afcons, known for executing large-scale engineering, procurement, and construction (EPC) projects both domestically and internationally, aims to raise ₹5,430 crore, including a fresh issue of ₹1,250 crore, with shares priced between ₹440 and ₹463 apiece.

Cyclone Dana is likely to make landfall between north Odisha and West Bengal coasts between Puri and Sagar Islands, the India Meteorological Department (IMD) has said. The low-pressure area developed over the east-central Bay of Bengal and adjoining the north Andaman Sea is likely to intensify into a depression by October 22 morning. «The depression over Eastcentral Bay of Bengal moved west-northwestwards with a speed of 6 kmph during past 3 hours and lay centred at 0830 hrs IST of today, the 22nd October, over the same region near latitude 15.5° N and longitude 91.0°E, about 700 km southeast of Paradip (Odisha), 750 km south-southeast of Sagar Island (West Bengal) and 730 km south-southeast of Khepupara (Bangladesh),» the IMD said in its latest weather bulletin. «It is very likely to move west-northwestwards and intensify into a cyclonic storm by 23rd October, 2024 over eastcentral Bay of Bengal. Thereafter, continuing to move northwestwards, it is very likely to intensify into a severe cyclonic storm over northwest Bay of Bengal by morning of 24th and cross north Odisha and West Bengal coasts between Puri and Sagar Island during night of 24th and morning of 25th October, 2024 as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph,» it added.

Hilsa fish from Bangladesh, even though the neighbouring nation had issued an order of export of 2,420 tonnes to India. This has happened as the order for fish imports came late when the availability of Hilsa comes down in Bangladesh as the monsoon retreats. The order was issued in late September by the Bangladesh government when the Hilsa catch dwindled and the quality too suffered. For the Hilsa lovers, which is a gastronomic delight for them, prices did not fall much as the availability was less. Prices of Hilsa which were expected to halve, have fallen by only 10-15% to ₹1700 per kg.

Bangladeshi author Taslima Nasreen on Monday made a public appeal to Union Home Minister Amit Shah, requesting him to extend her residence permit to live in India. In an open request to Shah posted on her official X account, Nasreen claimed that the Ministry of Home Affairs is not extending her permit to stay in India since 2022. She expressed her worry, and urged the Minister to intervene for her benefit. «Dear AmitShahji Namaskar. I live in India because I love this great country. It has been my 2nd home for the last 20yrs. But MHA has not been extending my residence permit since July22. I'm so worried.I would be so grateful to you if you let me stay. Warm regard,» read Nasreen's post on X.

New Zealand and South Africa in the Women's T20 World Cup in Dubai on Sunday. No South African or New Zealand — be it men or women — team has ever won a world cup. In the women's tournament, Australia have won six of the eight editions and South Africa beating them in the semi-final was historic in many ways. England in 2009 and the West Indies in 2016 are the only teams that have managed to win the tournament. The final is expected to be a fitting conclusion to a tournament that has showcased a mix of excellent and average cricket, following its relocation to the United Arab Emirates due to political issues in Bangladesh.

agriculture ministry, prompting the country to ramp up imports of the staple grain amid soaring food prices. Floods brought by heavy monsoon rains and torrential upstream runoff struck the country in two major waves in August and October, claiming at least 75 lives and affecting millions, particularly in the eastern and northern regions where crop damage has been the most severe. The agriculture ministry said this year's flooding has resulted in a substantial loss of rice production. In response, the government is moving quickly to import 500,000 tons of rice and is expected to permit private sector imports soon, a food ministry official said.

cyclonic circulation has formed over Andaman Sea and it is likely to intensify into a low-pressure area by Monday. It may have an impact on coastal areas of north Andhra Pradesh, Odisha, West Bengal and Bangladesh next week. «The cyclonic circulation is formed over central Andaman Sea. Under its influence, a low-pressure area is likely to form over Bay of Bengal and adjoining north Andaman Sea around October 21. Thereafter, it is likely to move northwestwards and intensify further into a depression around October 23,» said IMD in a bulletin. Amid speculations on the formation of a cyclone this month as forecast by certain international models, IMD Director General Mrutyunjaya Mohapatra said that a clearer picture will emerge only after formation of the low-pressure area.

There has been a concerning rise in Islamist extremism in Bangladesh, which has led to increased violence against minorities, particularly the Hindus. The political vacuum following the resignation of Prime Minister Sheikh Hasina has allowed Islamist parties to gain ground. The situation in Bangladesh has been dire for the Hindu community. There have been numerous reports of violence and killings by radical mobs. For instance, during the recent Durga Puja celebrations, there were back-to-back attacks on Hindu communities, including attacks on puja mandaps. Miscreants attacked an idol immersion procession in Old Dhaka, injuring three people. Additionally, there have been reports of bomb attacks on puja mandaps and other violent acts targeting the Hindu community.

exports of personal computers including laptops have emerged as a key electronic item shipments from India during April-August this fiscal, according to the commerce ministry data. The exports of personal computers have recorded healthy growth in five destinations- the UAE, Russia, Bangladesh, the US, and Sri Lanka. The exports of laptops to the top five markets — increased to $102.6 million in April-August from just $37 million in the same period of the previous year, the data showed. The government's support to personal computer manufacturing through Production Linked Incentive (PLI) and other measures like ease of doing business have supported this growth.

Guwahati: The dilemma of cut of date continued to linger in Assam for several decades, while the Supreme court on Thursday upheld validity of Section 6A of Citizenship Act which conferred citizenship benefits to persons from Bangladesh who settled in Assam and had entered India between January 1966 and March 25, 1971, there are documents and recommendations which stipulates 1951 as the cut of date for identification of foreigners. The All Assam Students Union (AASU), which spearheaded a six-year-long agitation against illegal immigrants in Assam in 1979-85, welcomed the Supreme Court judgment upholding the validity of Section 6A of Citizenship Act. AASU's chief adviser Samujjal Bhattacharjya said with its order on Section 6A of Citizenship Act 1955, the Supreme Court has given its stamp of approval to the Assam Accord under which all those who had entered Assam illegally must be detected and deported from the country. «We wholeheartedly welcome the Supreme Court verdict. It is a historic verdict. It has established that the Assam agitation was undertaken with genuine reasons and all provisions of the Assam Accord are now legally validated by the apex court.”

A five-judge Constitution bench headed by Chief Justice DY Chandrachud said the Assam Accord was a political solution to the problem of illegal migration. Read More: Assam Accord: SC upholds constitutional validity of Section 6A of the Citizenship Act

Assam Accord, sets the framework for granting citizenship to certain migrants in Assam. Chief Justice DY Chandrachud, along with Justices Surya Kant, MM Sundresh, and Manoj Misra, supported the decision, while Justice JB Pardiwala dissented. The Assam Accord, signed in 1985 between the Indian government and the representatives of the Assam Movement, was a response to the 1971 Bangladesh Liberation War, which resulted in a large influx of migrants into Assam. Section 6A was enacted as a humanitarian measure and allows individuals who migrated between January 1, 1966, and March 25, 1971, to obtain Indian citizenship under certain conditions.

United Nations Permanent Forum on Indigenous Issues Hindou Oumarou Ibrahim and the UN Special Rapporteur on the rights of Indigenous Peoples José Francisco Cali Tzay in a joint statement called upon the Interim Government of Bangladesh “to take immediate action to protect the Jumma Peoples from violent and indiscriminate attacks, conduct an impartial commission of enquiry into allegations of violence and prosecute perpetrators to end the culture of impunity” regarding recent human rights violations committed in the Chittagong Hill Tracts (CHTs) in September 2024. In their joint statement, the UN experts stated, “The recent violence is set against a backdrop of broader discrimination and marginalization of the Indigenous Jumma Peoples, who for decades have been subjected to forced evictions and heightened militarization of the region”. Most importantly, the UN experts called on “social media companies to take all relevant steps to prevent their platforms from disseminating hate speech and misinformation regarding the Indigenous Jumma Peoples.”

parliamentary committee headed by Congress MP Shashi Tharoor is likely to look into the issue covering the condition of people going overseas for work. Sources said the Standing Committee on External Affairs in its first meeting on Monday discussed its agenda, and this issue came up for discussion. They said MPs expressed concern over the issue, with a seasoned parliamentarian referring to the recent case of some Indians being forced to work for the Russian military in its war against Ukraine after they arrived there on the promise of employment. The government had informed Parliament in August that at least eight Indians were killed in the conflict and that it had strongly taken up the matter with Russia for their discharge and overall safety.

Maldives President Mohamed Muizzu will hold talks with Indian Prime Minister Narendra Modi in New Delhi as he aims to repair relations between their countries that have been strained since he came to power last year

Malaysian Prime Minister Anwar Ibrahim is visiting Bangladesh to meet with interim leader Muhammad Yunus, who took over in August after the former prime minister fled during a mass uprising

Subscribe to enjoy similar stories. New Delhi: Zydus Wellness Limited, the parent company of brands such as Complan and Nycil talcum powder, has said it could invest up to ₹200 crore in new-age direct-to-consumer (D2C) brands as trends in the wellness space prompt it to explore new categories. In an interview with Mint, Tarun Arora, chief executive of Zydus Wellness, said the company could invest in both international and domestic markets.