Adani group’s market loss swells to $65b

Most Adani group shares extended their sharp falls to Monday as a detailed rebuttal of a US short-seller's criticisms by the Indian conglomerate failed to pacify investors whose market losses have now risen to $65 billion over three days, reports Reuters. Flagship Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 3 per cent, but was off initial gains of as much as 10% and significantly below the offer price.Adani, led by Asia's richest man Gautam Adani, has locked horns with Hindenburg Research and on Sunday hit back at the short-seller's report of last week that flagged concerns about its debt levels and the use of tax havens. Adani said it complies with all local laws and had made the necessary regulatory disclosures.Adani Transmission and Adani Total Gas plunged 20 per cent each on Monday, while Adani Green Energy was down 16 per cent. Adani Ports and Special Economic Zone slipped 1.1 per cent. Adani Enterprises' $...

AmCham luncheon discusses macro-economic condition

The American Chamber of Commerce in Bangladesh (AmCham) discussed the macro-economic situation at its monthly luncheon meeting held on Sunday at the Westin Hotel, Dhaka. Edimon Ginting, Country Director, Bangladesh - Asian Development Bank (ADB), attended the event as the guest of honor and speaker. He spoke on “Bangladesh Macro-Economic outlook in the evolving global Phenomenon”, said a press release.AmCham President Syed Ershad Ahmed, Vice President Syed Mohammad Kamal, and Po...

e-GP makes tendering hassles-free

Bangladesh has made significant progress in public procuring procedures through its full digitization with implementation of Electronic Government Procurement (e-GP) by tremendously reducing hassles and eliminated social...

Rajshahi will turn into militant sanctuary, if BNP returns to power: Hasan

Information and Broadcasting Minister and Awami League (AL) Joint General Secretary Dr Hasan Mahmud today said BNP will create 10 more ‘Bangla Bhai’, if they get the chance again and turn the Rajshahi region into a sanctuary for militancy.“BNP would create 10 ‘Bangla Bhai’, if they get the scope again. But the countrymen would not let them to do it,” he told the AL’s public rally at Madrasha ground here. Awami League President and Prime Minister Sheikh Hasina addressed the rally as the chief guest.Hasan said ‘Bangla Bhai’, a notorious militant, was created in Rajshahi when BNP was in power and the BNP leaders welcomed him. But now, the scenario of Rajshahi district and division has been changed due to the vast development in the last 14...

BNP’s Jahidur Rahman takes oath

Riders register fifth win in the BPL

Mahedi Hassan led from the front with a 43-ball 73 runs accompanied by Rony Talikder, Rangapur Rider registered their fifth win with defeating Dhaka Domninators by five wickets.The victory also kept them in the race to remain in the top four when Dhaka Dominators after losing the match remain at the bottom side in the point table managing only four points from nine matches.    Dhaka Dominators, who needed badly to win the match to lift up their position, riding on a quick fire from Usman Ghani’s unbeaten 73 from 55 deliveries set a mediocre target of 145 to chase for Rangpur Riders.But Usman Ghani’s fighting 73 runs went in vain as they suffered seventh defeat of the Bangladesh Premier League on Monday at the Sher-e-Bangla National Cricket Stadium.Dhaka Dominators, who have been struggling to survive, begin sent to bat first, despite losing three wickets by five overs finally could score a respectable total of 144.Opener Mizanur Rahman and Soumya Sarker disappointed leaving the side for only 23 runs for two on the scoreboard.After the opener Mizanur Rahman’s early departure with 11 for one Soumyia looked to rebuild the early damage with a big partnership with Usman Ghani.But the opener Soumya Sarkar, who has been going through a tough time and struggling much to regain his place in the national side, could not stay at the crease for a long when he offered his wicket to Azmatullah Omarzai scoring only 11 runs playing 12 balls with tow fours.After Soumya’s dismal show, Alex Blake joined Usman and also tipped off to play an attacking game hitt...

People’s fate changes with AL in power

While addressing a grand rally in Rajshahi city, Prime Minister Sheikh Hasina said whenever Awami League (AL) comes to power, the fate of the people is changed as her party’s only motto is to wo...

Polybag use still rampant

Bangladesh is the first country in the world to ban use of polythene bag but its rampant use has gone beyond the control of the authorities concerned across the country.So far, 127 countries around the world have put restrictions on manufacture, dist...

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