Bangladesh Financial News

PTC India is planning to provide round-the-clock (RTC) power offerings by «blending» green energy with thermal, its CMD Rajib Kumar Mishra has said. The offerings will also include storage solutions, the official made the remarks at the company's 24th Annual Day in the national capital. «PTC India stands strong and focused on taking up market risks and positions.

S Jaishankar on Monday met his counterparts from Nepal and Bangladesh here and agreed to work closely to implement the agenda of cooperation set out by the leaderships and exchanged views on regional issues. Jaishankar is here in the capital of Thailand and participated in the BIMSTEC retreat. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional grouping that comprises India, Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal and Bhutan.

Adani Enterprises share price rallying over 3%. Adani Wilmar, Adani Total Gas and Adani Power share price gained over 3% each, while Adani Ports & SEZ and Adani Transmission rose over 2% each.

Bangladesh's Buriganga river near the capital Dhaka on Sunday, a fire service official said. Most of the passengers were believed to have swum ashore as the water bus sank close to the bank, according to fire service official Anwarul Islam.

New Development Bank (NDB) has started membership expansion to make the bank a global institution, said Leslie Maasdorp, the bank's vice president and chief financial officer, adding that the institution has been able to successfully navigate geopolitical issues. The New Development Bank is also exploring fundraising in the Indian rupee and is expected to hold discussions next month and is in touch with the regulators.

ISI agent was arrested here on Sunday for allegedly supplying vital information about Indian military establishments to his handlers in Pakistan, an official statement said. "Raees, a resident of Gonda, was arrested by the Uttar Pradesh Anti Terrorist Squad (ATS).

₹15,000 from his handlers and he was in touch with the Inter-Services Intelligence (ISI) via a Bangladesh-registered mobile number, a police official said.

India produced a below-par batting effort to lose by 40 runs against Bangladesh in the opening ODI, their first-ever against the minnows in the 50-over format, here on Sunday. Electing to bowl, young pace bowler Amanjot Kaur made an impressive ODI debut, grabbing four wickets for 31 runs as Bangladesh were restricted to 152 in 43 overs.

Amanjot Kaur had a dream outing in the opening Women's One-day International against Bangladesh, with the 23-year-old right-arm pacer grabbing four wickets to restrict the hosts to 152 in a rain-shortened match here on Sunday. In a match reduced to 44-over-a-side after a rain interruption lasting nearly an hour, Bangladesh could not come to the grips with the heavy and overcast conditions, while India, aided by the Amanjot's magical spell and superb restrictive spells from Sneh Rana and Deepti Sharma, managed to get a vice-like grip on the opponents from the start.

Adani Power Jharkhand Ltd (APJL), a wholly-owned subsidiary of Adani Power Ltd, will supply 100 per cent of the generated electricity from the plant to another nation. The company informed that it successfully completed the dependable capacity test for the Godda plant on July 12 - a mandatory requirement under the power purchase agreement (PPA) with Bangladesh Power Development Board, executed in November 2017 for a period of 25 years.

Adani Group Chairman Gautam Adani on Saturday met Bangladesh Prime Minister Sheikh Hasina in Dhaka, following the full load commencement of power supply to Bangladesh from Adani Group’s Ultra Super-Critical Thermal Power Plant in Godda, India. The Godda USCTPP, which marks the Adani Group’s entry into transnational power projects, is India’s first commissioned transnational power project where 100% of the generated power is supplied to another nation, Adani Group said in a press statement. After the meeting, Gautam Adani tweeted: “Honoured to have met Bangladesh PM Sheikh Hasina on full load commencement and handover of the 1600 MW Ultra SuperCritical Godda Power Plant. I salute the dedicated teams from India and Bangladesh who braved COVID to commission the plant in a record time of three-and-a-half years.”Adani Power Jharkhand Ltd (APJL), a wholly owned subsidiary of Adani Power Ltd, completed the dependable capacity test for the Godda plant on 12 July. The dependable capacity test, a mandatory requirement under the power purchase agreement (PPA) with Bangladesh, was conducted over the stipulated period of six hours to evaluate the simultaneous functioning of both units of the plant after they began supplying electricity.

Adani Group Chairman, Gautam Adani paid a visit to Bangladesh's Prime Minister Sheikh Hasina in Dhaka on Saturday after the full load commencement of power supply to Bangladesh from the group’s thermal power plant in Godda, India. The new project of the conglomerate will mark the group's entry into transnational power projects. This project will also commence India’s first commissioned transnational power project where 100 per cent of the generated power is supplied to another nation.Adani Power Jharkhand Ltd (APJL), a wholly owned subsidiary of Adani Power Ltd, will supply 1,496 MW from the Godda USCTPP under the PPA with the Bangladesh Power Development Board, executed in November 2017 for a period of 25 years, via a 400 kV dedicated transmission system connected to the Bangladesh grid. The subsidiary completed the dependable capacity test for the Godda plant on 12 July.

weather forecast for venues in Sri Lanka which is to host nine games of the Asia Cup, Pakistan should be allowed to host more than four games at home," said a PCB source. The Asian Cricket Council (ACC) is convening to conclude the arrangements for the Asia Cup timetable.

Commerce and Industry (FICCI) said that Northeast India is witnessing surge in infrastructure development. Panda who was in Guwahati on Wednesday while talking to ET said that it is for the first ever time FICCI is holding its National Executive Committee Meeting in Guwahati which shows how much priority FICCI gives to Northeast India. He added, “The region is witnessing surge in the infrastructure development. Lot of focus is given in capital expenditure and increasing the per capita income. Lack of connectivity was one of the reason that had hindered the development of the region.” He said that Hiroshi Suzuki, Ambassador, Embassy of Japan said that the deep sea Matarbari port in Bangladesh funded by JICA will be operational by 2027 and be a game changer for the entire region to connect North Eastern states to sea ports. One of the key pillars of Prime Minister Kishida is the new industrial value chain in the Bay of Bengal. India is the top recipient of Japan's official development assistance. Connectivity is getting lot of attention. Panda said that Assam is not just the largest economy of the region but plays a crucial role in the development of this region. It has a pivotal position in India’s Act East Policy which has been one of the fulcrums of our foreign policy. “The State’s GSDP has grown at nearly 12 per cent in the last decade and advance estimates indicate an astounding 19.52 per cent growth in FY 2023 while per capita income is expected to grow by 15 per cent,” he added.

₹125 per kg in FY22, which was 25-30% higher than the historical average," it said in a report. However, in FY23, Indian cotton yarn exports faced challenges due to the disparity between domestic and international cotton prices. “The global demand slowdown resulting from high inflation and recessionary pressures in developed economies, such as the USA and the European Union, further impacted the industry.

₹1,400 crore from domestic and international customers in the March ended quarter. The orders were received by its solutions business that caters to products and specialized EPC (engineering, procurement and construction), the company said in a statement. The set of orders, won across domestic and international markets, strengthened the company’s solutions business unit’s order book to ₹5,200 crore during FY23, it added.

Bangladesh and India on Tuesday launched a much-anticipated trade transaction in rupees, a move aimed at reducing dependence on the US dollar and strengthening regional currency and trade. This is the first time Bangladesh has done bilateral trade with a foreign country in addition to the US dollar.Bangladesh Bank Governor Abdur Rouf Talukder described the start of trade settlement in rupees as the «first step in a great journey».

Eden Gardens Stadium in Kolkata. Following the release of the ODI World Cup schedule by the Board of Control for Cricket in India (BCCI) and the International Cricket Council (ICC) last month, it was confirmed that the tournament would commence on October 5, with the opening match featuring an exciting rematch between England and New Zealand at Ahmedabad's Narendra Modi Stadium. Eden Gardens, renowned for its iconic status, has been assigned as the host venue for a total of five matches, including one semifinal encounter.

India beat Bangladesh by seven wickets in the first women's T20 International here on Sunday. Asked to bat first, Bangladesh could manage a meagre 114 for five, riding on contributions from Shorna Akter (28), Sobhana Mostary (23) and opener Shathi Rani (22).

Bangladesh follows a «balanced and independent» foreign policy and is not subservient to any country, Foreign Minister Dr AK Abdul Momen said on Saturday, emphasising that his country was «not China's tail». Momen also said that its relations with next-door neighbour India are «rock-solid» and added, «We are in a golden chapter in our relations with India». «Some people think we are rushing towards China, but (actually) we are not heading towards anyone,» Momen said while speaking at an interaction with members of the Diplomatic Reporters Association of Bangladesh (DCAB) at the Foreign Service Academy here.

Ikramul Haque alias Abu Talha was arrested in Bangladesh along with his wife in a raid recently, Bangladesh daily Prothomalo reported. Ikramul Haque was apparently arrested from the Sabuj Bagh area of the capital Dhaka. He was arrested on May 30, soon after the Counter Terrorism and Transnational Crime Unit (CTTC) officials of Dhaka came to know that Abu Talha, the top leader of the Dawah wing of the international terrorist organization Al-Qaeda in the Indian Subcontinent (AQIS), got involved in militancy while studying in Deoband, India.