Bangladesh Financial News

By Katie Paul

Bayer on Tuesday announced, that after more than 25 years of service, D Narain the current president of Bayer South Asia; vice chairman, managing director & CEO of Bayer Crop Science Limited (BCSL) and the global head of smallholder farming for Bayer, will retire by end of November 2023. Simon-Thorsten Wiebusch will take over as president, Bayer South Asia and as vice chairman, managing director & CEO of Bayer CropScience Ltd (BCSL) on November 1st, 2023. Simon will take on these new responsibilities, in addition to his current role as Country Division Head (CDH) of India, Bangladesh & Sri Lanka (IBSL) cluster in Crop Science. Simon moved to India in December 2018 as Chief Operating Officer of IBSL cluster and in partnership with D established the cluster as a strong growth engine for smallholders before being appointed the Country Division Head (CDH) at the beginning of 2022.

Rohit Sharma and Virat Kohli will be eyeing to get past none other than Sachin Tendulkar, the highest run scorer from India in the Asia Cup. While Rohit is much closer to Sachin in terms of total runs in the tournament, King Kohli always tends to pleasantly surprise his fans. Let’s have a look at the top run scorers in the Asia Cup.

India, and they would need to focus on education and infrastructure to take advantage of the demographic dividend, according to the latest report by Moody's Investor Service. «The ability of sovereigns to address these challenges will determine the extent to which their large populations can take advantage of opportunities to enhance long-term economic growth,» the ratings and research firm said in a report released Monday. While it appreciated the efforts made by India and the Philippines on infrastructure and governance, the firm noted that considerable work needed to be done on parameters like education and labour force participation. «There remains a considerable gap in the quality of education between Pakistan, Bangladesh and India compared with China and other peers in Southeast Asia, which contributes to labour-force participation imbalances,» the report said. The report pointed out that while the six large economies would contribute to a third of the global population increase over the next two decades and contribute significantly to the global labour pool, it said that «population growth unaccompanied by adequate job creation is likely to exacerbate sovereigns' exposure to social risks. According to the United Nations, India crossed China this year to become the most populous country in the world, and its population shall take another 40 years to reach its peak.

Coast Guard (ICG) and its Bangladesh counterpart BCG was held on Monday, an official said.

ICC 2023 ODI World Cup, set to take place in India this October-November. In an encouraging news for BCCI and ICC, tickets for non-India matches, released on the official ticketing platform BookMyShow at 8 pm on August 25, are selling like hotcakes.

Manipur government is likely to seek more time for the completion of the process of recording the biometrics of illegal migrants from Myanmar. The process of capturing the biometric details of illegal Myanmar immigrants started in Manipur on July 29.

I do not feel any pride in India’s Moon landing. It did bring me low-grade joy, like an Indian victory in Test cricket against Bangladesh. But pride is a giant emotion.

the future of BRICS-Plus. The Johannesburg summit of BRICS leaders, which ended on 23 August 2023, agreed to induct six new members: the United Arab Emirates (UAE), Saudi Arabia, Argentina, Iran, Egypt and Ethiopia. Along with the existing five members—Brazil, Russia, India, China and South Africa—the expanded grouping of 11 members now presents an interesting alchemy of geo-political and geo-economic interests.

According to a report by CNN, in 2021, Murugan fell off the back of an overcrowded lorry, leading to a fracture on his leg. Murugan’s accident occurred on January 3, 2021.

Indian women's team emerged victorious by a margin of eight wickets, thereby commencing their campaign in a truly impressive manner. Effectively curtailing Australia to a total of 59/6, India adeptly chased down the set target without much ado. Subsequently, in their subsequent encounter with England, the Indian team exhibited an explosive performance, amassing a total of 268/2 within 20 overs.

₹37-38 a kg and ₹92-93 for basmati rice. Traders said that free-on-board (FoB) parboiled rice price is around $500 a tonne and $1,000 a tonne for basmati varieties.

G20 summit in New Delhi next month. Trudeau assured Zelenskyy of continued support and stated they would strongly advocate for Ukraine. The summit invited Netherlands, Singapore, Spain, UAE, Oman, Bangladesh, Egypt, Mauritius, and Nigeria as "guest countries." Ukraine was similarly invited to previous G7 and NATO summits to show support amid its conflict with G20 member Russia.

What are some of the major projects in the pipeline? We are right now working on five more projects. Two of these data centre parks are coming up in Mumbai (Powai and Chandiwali). Both these projects are two buildings each with about 67 MW of IT power each.

₹163 crore in a securitization transaction with Citi India and Northern Arc. The PTC (pass through certificate) transaction is Navi’s first AAA-rated securitization in the personal loans space. As per the statement, it also marks Citi India’s inaugural securitized exposure to digital lending players in India.

Sarbananda Sonowal, on Thursday said that in the Northeast, 20 National Waterways and various projects of more than Rs 800 crores are being implemented for development of these National Waterways in the region. He added attended the Memorandum of Understanding (MoU) signing ceremony between Inland Waterways Authority of India (IWAI) and Numaligarh Refinery Limited (NRL) to use National Waterways-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR) for export of petroleum products to Bangladesh and other south east Asian countries. The MoU is aimed at powering PM Gati Shakti National Master Plan to boost India’s Act East Policy. NRL will export around 10,000 MT of Petroleum & Petrochemical products per month from IWAI Jogighopa Multi Modal terminal.

Gati Shakti National Master Plan, which seeks to revolutionize cargo movement in the region. Under the visionary leadership of Prime Minister Shri Narendra Modi, the Act East policy is unlocking the Northeast's full potential as a key contributor to India's growth story. Our extensive network of waterbodies and rich hydrocarbon resources must be leveraged to realize this vision." Highlighting the significance of inland waterways, the minister stated, "In line with the Prime Minister’s 'Act East Policy,' the IWAI and the ministry of ports, shipping & waterways have brought transformative changes to India's waterways sector over the last nine years.

Air India Express has chalked out an aggressive expansion drive deploying 50 Boeing 737 Max planes by the end of 2024. The airline is aiming to corner a firm second place, behind market leader IndiGo, in the cut-throat Indian domestic market, people aware of the development said. Air India Express, which currently has 25 aircraft, is in the process of being merged with AirAsia India, which has 28 Airbus A320neo planes.

ICDs to Bangladesh using Inland Waterways, following the circular dated 09 September 2022. The circular dated 14th September 2022 paves the way for the transshipment of containerized export cargo from Bangladesh, destined for third countries, through India using riverine and land routes.

Seema Haider, a Pakistani national, a similar tale has emerged, this time involving a woman from Bangladesh. Sonia Akhtar, the woman in question, has made her way to India, specifically Noida, along with her infant son. Her mission: to find her alleged Indian husband, who she claims has deserted her. Residing in Noida for the past eight days, Sonia Akhtar recounts her story.

Ashok Leyland’s wholly-owned net zero e-mobility arm told Mint in an exclusive interview. According to Babu, India’s rate of procurement of e-buses lags its requirements, and should ideally double by 2030 to replace polluting internal combustion-engine buses on the road.