Bangladesh Financial News

World Scout Jamboree in Buan, South Korea has been marred by the scorching heat, with hundreds of participants suffering from heat exhaustion. On the first night of the event, about 400 cases were reported, and many were treated at a makeshift hospital at the campsite. The temperatures in North Jeolla province, where the jamboree is taking place, have soared to 35°C (95°F) amid a heatwave warning. Scouts from countries like the US, Bangladesh, and the UK have been affected, with the UK contingent being the largest with around 4,500 participants out of the total 43,000 in attendance. The UK Foreign Office stated that they are closely monitoring the situation and have consular officials on-site to support the attendees. They are in regular contact with Scouts UK and the relevant Korean authorities to ensure the safety of British nationals. A fire service official revealed that most of the scouts who required medical attention had mild symptoms like headaches, dizziness, and nausea, and they have mostly returned to their campsites.

Adani Power has reported a consolidated profit at Rs 8759 crore, up 83% for the quarter ended June 2023. It was Rs 4779.8 crore during the corresponding quarter in FY2022.

Healthcare delivery startup Pristyn Care on Thursday said it has commenced operations in Bangladesh and will invest Rs 100 crore over the next two years to expand operations in the neighbouring country. The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024.

India's dominant services sector continued its robust performance as total sales rose at the quickest pace since June 2010, PMI data released on Thursday showed. S&P Global's India services purchasing managers' index rose to 62.3 in July from June's 58.5. Analysts at Reuters had pegged a dip to 58.0.

rainfall was experienced in several parts of Odisha on Wednesday. Locals were seen catching fish at the inundated National Highway 57 in the Boudh area after ponds of the fisheries department got flooded following heavy and continuous rainfall.IMD scientist HR Biswas said, «Rainfall to continue during the next 24 hours.

Railway engineering and consulting company Rites Ltd is close to signing international contracts to supply locomotives and wagons, even as it explores consulting services abroad, chairman and managing director Rahul Mithal said. The state-run company has emerged as the lowest-cost bidder for contracts worth Rs1,000 crore to supply locomotives and wagons to Zimbabwe and Mozambique, Mithal said in an interview.

Mint has learnt. The project, which was announced during president Ranil Wickremesinghe’s visit to India in July, is expected to help Sri Lanka improve its energy security at an affordable cost. Among other things, the meetings are expected to touch on the physical alignment of the petroleum pipeline.

Team India played like a champion squad and amassed a big total of 351/5 from their 50 overs in the third ODI on Tuesday and comprehensively dominated the West Indies to bundle them out cheaply for 151 to win the series 2-1. India showed a blip in form in the second ODI and drew criticism from many former players, but bounced back perfectly in the third ODI. After playing five T20 matches against the West Indies, Team India will be in action in the hugely anticipated 2023 Asia Cup.

Financial Times in an interview last week, “We are open to doing business with any company anywhere as long as they are investing and conducting their business lawfully and are in compliance with the Indian laws." He added, for good measure, that India was “open to all investments, including Chinese". That these statements were meant for consumption overseas is evident if one looks at the ground reality. China’s BYD Motors has become the latest casualty of India’s undeclared economic cold war with China.

Incessant rain has triggered a landslide in Keonjhar district of Odisha on 2 August. In view of heavy rainfall, all the Schools and Anganwadi centers of Keonjhar district will remain close today. Apart from this, schools in Balagir, Kalahandi, Dhenkanal, Balasore will remain closed today.

India Meteorological Department (IMD) predicted heavy rainfall in several parts of Odisha for the next two days and also issued an advisory to fishermen not to venture into the sea, said an IMD official on Wednesday. While speaking to ANI, IMD scientist HR Biswas said, «Several districts are likely to receive extremely heavy rainfall in the next 2 days.

Manufacturing activity continued its strong momentum in July even as a marginally softer rate of expansion in output and new orders brought down the PMI reading for the month to 57.7 from 57.8 in June. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) for July released on Tuesday pointed to an improvement in overall operating conditions for the 25th straight month. In PMI parlance, a print above 50 means expansion while a score below 50 indicates contraction.

The India Meteorological Department (IMD) has issued a red alert for West Bengal and Odisha till Wednesday as it expects over 204.4 mm rainfall in these regions. Red alert indicates ‘take action’.

Edited excerpts: How are South Korean firms looking at the Indian semiconductor ecosystem? The semiconductor industry here is bound to see progress. And, when it comes to actually building facilities and factories for semiconductors, safety is the biggest issue. From the point of setting up factories to the point of operations, there’s a strategic process.

Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world's top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh. Indications are that the deals have been done at a slope of 12-13% to Brent, said A. K.

New Delhi: Rays Power Infra, a solar power company, on Monday said it has signed an engineering, procurement, and construction (EPC) term sheet for a 283-MW solar project with Serentica Renewables, an end-to-end energy solutions company focusing on industrial decarbonisation. Based on the agreement between the two companies, Rays Power Infra shall be responsible for the engineering, procurement, and construction of a 283MWdc solar PV project using single-axis trackers and bifacial modules, it added. “We are pleased to inform you that Rays has signed a 283 MWp Solar EPC project with Serentica Renewables.

NITI Aayog is looking into tax anomalies in the textile sector. It had last week convened a meeting of sector related industry bodies to understand the challenges being faced by the sector. “NITI Aayog has sought views of the textile industry on tax related matters that are impeding the growth of the sector,” a senior government official said, adding that the Aayog will firm up its view and make suitable recommendations to the finance ministry for consideration.

Also read: Pro-Khalistani protests outside Indian High Commission target Indian diplomats in UK After the clashes in Bangladesh's capital on July 29, police filed 11 cases against Bangladesh Nationalist Party (BNP) leaders and activists at different police stations over the violence. At least 469 BNP members were named as accused, with 149 arrests made so far.

Venkatesh Prasad has come down heavily on Team India's performance after Hardik Pandya's boys lost to West Indies in the second ODI. In a series of post on social media platform X, which was Twitter earlier, Venkatesh Prasad said India's performance in ODIs and T20 has been very ordinary for quite sometime now. India is yet to win a ICC trophy since 2013 Champions Trophy triumph.

Al-Qaeda is shaping its Indian subcontinent offshoot to spread its operations to Jammu and Kashmir, as well as to Bangladesh and Myanmar. The Al-Qaida core in Afghanistan remains stable at 30-60 members, while the number of Al-Qaeda fighters in that country is estimated to be 400, reaching 2,000 with family members and supporters included, according to the report prepared by the UN Security Council 1267 Sanctions & Associated Committee that deals with the ISIS and Al Qaeda. Al-Qaeda in the Indian Subcontinent (AQIS, which is not listed by the UN) has about 200 fighters, with Osama Mehmood being the emir, according to the report.

China in the early 1970s returned to Beijing. Not quite Mani Shankar Aiyar going to Islamabad to cure relations — or former American basketballer Dennis Rodman going to Kim Jong-un's North Korea — but 'Henry Kissinger Goes to China: The Sequel' has to be interesting on two levels.