Fraud claims wipe $45b off India’s Adani Group stocks

Shares in the business empire of Asia's richest man Gautam Adani nosedived Friday, extending this week's losses to $45 billion, days after a US investment firm claimed it had committed "brazen" corporate fraud.Adani, 60, began his week the world's third-richest person but has tumbled down the rankings to seventh on Forbes' billionaires tracker after a $22.6 billion hit to his fortune in Friday's trade.His flagship Adani Enterprises plunged nearly 20 percent over the day's trade in Mumbai, briefly triggering an automatic trading halt, before recovering slightly to close 18.52 percent lower.Trading was also halted in five other group companies, with shares in Adani Total Gas, Adani Green Energy and Adani Transmission falling 20 percent apiece and triggering their own stock exchange circuit breakers."Obviously this is panic-selling," JM Financials equity research chief Ashish Chaturmohta told AFP, adding that traders were creating fresh short-se...

Jamuna Bank Chair wins “Best CSR Personality” award

Al-Haj Nur Mohammed, Chairman of Jamuna Bank and Jamuna Bank Foundation, has been awarded the "Best CSR Personality" by Global Economics UK for his outstanding contributions towards corporate social responsibility (CSR) and for leading Jamuna Bank to be recognized as the "Best CSR Bank." This is a significant achievement and recognition of Al-Haj Nur Mohammed's dedication and efforts to make a positive impact on society through the work of Jamuna Bank.The Chairman Al...

IBAM aims to modernise, commercialise agriculture by using state-of-the-art tech

The Indo-Bangladesh Agri Mechanisation Summit (IBAM) has drawn  a huge crowd on Saturday, the 2nd day of the  summit.Beginning on Friday, the three-day summit mainly aims to modernise and commercialise the coun...

AL will accept polls thru EVM as per EC’s capacity: Hasan

Information and Broadcasting Minister and Awami League (AL) Joint General Secretary Dr Hasan Mahmud said the AL would accept the elections through electronic voting machines (EVMs) as per capacity of the Election Commission (EC) to avoid one-million dollar expenditure amid the global economic recession. “Bangladesh has become digitalized and we, under the prudent and farsighted leadership of Prime Minister Sheikh Hasina, are on the right track towards the Fourth Industrial Revolution (4IR). We, definitely, want to use the modern technology - EVM - which is being used in the world and through which vote rigging is not possible. We want the EVMs to stop violence and vote rigging during Begum Zia’s tenure,” he added.The minister said this while replying to a query at a ...

BNP’s Jahidur Rahman takes oath

Sabalenka wins AO for first Grand Slam crown

An emotional ArynaSabalenka battled back from a set down to beat Elena Rybakina and win the Australian Open on Saturday for her first Grand Slam title.The hard-hitting Belarusian collapsed to the court in tears after winning 4-6, 6-3, 6-4 against the Wimbledon champion in a high-quality 2hr 28min arm-wrestle on Rod Laver Arena.The 24-year-old Sabalenka wiped a tear from her right eye before getting a warm hug from Moscow-born Rybakina, who played a full part in an amazing match between to hard-hitters.Sabalenka, the fifth seed, then ran to her player's box to celebrate joyously with her team.It was a fitting finale to two weeks of drama at Melbourne Park, highlighted by brutal groundstrokes, precision serving and wonderful rallies from two players at the top of their game.Rybakina cruised through the first set in just 34 minutes but Sabalenka scrapped her way back in a 57-minute second set to take it to a nervy decider.It was then a case of which of the big servers would blink first in a tremendous toe-to-toe battle.At 3-3 Rybakina -- who represents Kazakhstan-- could not find enough first serves and though she saved two break points, a third was too much and Sabalenka had the finish line in sight.An ace took her to 5-3 and Rybakina held to force Sabalenka to test her nerves and serve for the championship.She was up to the challenge, but needed four nerve-shredding match points after a display where she hit an astonishing 51 winners and 17 aces to edge past the big-serving Rybakina.Sabalenka will now rise to second in the world, equalling her career high.Rybakina will h...

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 th...

DCs asked to ensure essentials’ price stability during Ramadan

Commerce Minister Tipu Munshi asked the deputy commissioners (DCs) to remain vigil so that no one can manipulate the prices of essentials during the holy month of Ramadan. The minister said this while talking to reporters after a meeting with the dep...

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