BUSINESS

Economic impact of Padma Bridge
BUSINESS

Economic impact of Padma Bridge

The Padma Multipurpose Bridge is a dream project for the millions of people in the southwestern region of Bangladesh. Prior to the opening of the bridge, these districts were cut off from the country's major economic centre, the Dhaka-Chattogram economic corridor. Ferries, launches and boats were the only means of communication and transport on the Padma River to the south-western districts. This form of transport was not only uncertain but was also time-consuming. For all latest news, follow The Daily Star's Google News channel. Due to poor connectivity, economic operations in the southwestern zone have not been too easy. Consequently, the districts did not seize much industrialisation. As a result, poverty and under-employment constitute major problems in the region. What is ...
LIC Shares Surge Over a pair of Today; Analysts See Up to twenty additional Returns
BUSINESS

LIC Shares Surge Over a pair of Today; Analysts See Up to twenty additional Returns

LIC Share Price: life assurance Corporation shares surged in early trade once nondepository financial institution Motilal Oswal gave the insurance behemoth a ‘Buy’ rating. It same that it finds valuation at zero.7 times FY24E work unit cheap. “LIC’s valuation at zero.7x FY24E work unit seems cheap considering gradual margin recovery associate degreed diversification within the business combine although high sensitivity to equity market volatility remains an overhang," the note expressed. The workplace has initiated coverage on LIC shares with a ‘Buy’ rating and a target worth of Rs 830 from each one. Motilal Oswal estimates LIC to deliver around ten per cent CAGR in NBP throughout FY22-24E whereas the worth of latest Business (VNB) margin is probably going to boost to thirteen.6 per cen...
Rupee Falls nine Paise to seventy nine.04 Against North American country dollar in Early Trade
BUSINESS

Rupee Falls nine Paise to seventy nine.04 Against North American country dollar in Early Trade

Mumbai: The rupee depreciated nine paise to seventy nine.04 against the North American country dollar in gap trade on Tues, weighed down by persistent foreign funds outflows. At the interbank interchange, the rupee opened at seventy nine.04 against the North American country dollar, registering a decline of nine paise over the last shut. On Monday, the rupee had closed at seventy eight.95 against the North American country dollar. consistent with Sriram Iyer, Senior analysis Analyst at Reliance Securities, the rupee is predicted to stay range-bound against the dollar this Tues. “Stronger crude, weak Asian and rising market currencies, a rising dollar and benchmark bond yields might keep appreciation bias capped. However, equity futures in Asia have started with gains and will cap dep...
ICICI Bank Hikes MCLR Rates by twenty Bps: See however Your Loan EMIs are going to be Affected
BUSINESS

ICICI Bank Hikes MCLR Rates by twenty Bps: See however Your Loan EMIs are going to be Affected

Leading personal investor ICICI Bank has enlarged its differential cost of disposal rate, or MCLR, by twenty basis points across tenures. This comes at a time once many alternative banks are raising their loan interest rates once the Federal Reserve Bank of Asian country enlarged its repo rates by fifty basis points early last month. ICICI Bank MCLR rates, a key purpose choose loan interests, are hiked, the bank has aforementioned in Associate in Nursing announcement. The new ICICI Bank MCLR rates have already inherit result, as per a note on the lender’s web site. The new ICICI Bank MCLR rates have inherit result from Dominion Day. The ICICI Bank MCLR rate hike can mean that loan interests for brand spanking new and existing borrowers ar set to extend, together with equated monthly ins...
HDFC-HDFC Bank planned Merger Gets ‘No Objection’ Letter From RBI; Check Details
BUSINESS

HDFC-HDFC Bank planned Merger Gets ‘No Objection’ Letter From RBI; Check Details

HDFC Bank-HDFC Merger: HDFC Bank has received the bank of India’s (RBI) approval for the merger of development Finance Corporation with the loaner, in line with a regulative filing. The merger remains subject to varied alternative statutory and regulative approvals. “HDFC Bank has received a letter dated Gregorian calendar month 04, 2022 from the bank of Asian country (RBI) whereby the tally has accorded it’s ‘no objection’ for the theme, subject to bound conditions as mentioned in that," HDFC Bank aforesaid during a animal disease filing within the evening on Monday. The theme remains subject to varied statutory and regulative approvals bury alia together with approvals from the Competition Commission of Asian country, the National Company Law assembly (NCLT), alternative applicable...
Stock Market Updates: Sensex Turns Flat, bully Tests fifteen,750; Metal Index Down a pair of
BUSINESS

Stock Market Updates: Sensex Turns Flat, bully Tests fifteen,750; Metal Index Down a pair of

Stock Market Today: The equity markets opened with lukewarm gains on Mon amid mixed cues from world peers. At 09:16 IST, the Sensex was up 118.10 points or zero.22 per cent at 53026.03, and therefore the bully was up thirty two.80 points or zero.21 per cent at 15784.80. IndusInd Bank, Sun Pharma, PowerGrid, L&T, ICICI Bank, SBI, and ITC were the highest winners on the Sensex. Shree Cement, Tata client, Britannia, and Hero Moto were the extra gainers on the bully. On the flip facet, ONGC, Hindalco, JSW Steel, M&M, Tata Steel, Wipro, TCS, Tech M, and Reliance light-emitting diode losses on the 2 benchmark indices. The broader markets started mixed. The BSE MidCap index was up zero.34 per cent and SmallCap index Sat unchanged. Sectorally, bully metals unerect a pair of per...
SBI Customers: No got to head to Branch, Get Banking Services on Phone; knowledge
BUSINESS

SBI Customers: No got to head to Branch, Get Banking Services on Phone; knowledge

SBI Toll Free Number: The banking concern of Asian nation or SBI, India’s largest public sector bank, has recently launched 2 new toll free numbers to supply easy doing banking to its customers. The new toll free numbers of SBI can facilitate facilitate the lender’s banking services and supply a seamless expertise to its members. excluding not having to create rounds at the branch to induce a piece done, SBI customers will be ready to get many services on Sundays and holidays also. What square measure the New SBI Toll Free Numbers? The banking concern of India’s 2 new toll free numbers are: 1800 1234 or 1800 2100. As per the bank, by dialling these 2 numbers, SBI customers will fulfill their bamking wants. “Fulfill your banking wants, simply call! decision SBI Contact Centre fee at 1...
Rupee Falls nine Paise to seventy nine.03 Against U.S. greenback in Early Trade
BUSINESS

Rupee Falls nine Paise to seventy nine.03 Against U.S. greenback in Early Trade

Mumbai: The rupee depreciated nine paise to seventy nine.03 against the U.S. greenback in gap trade on Monday, as persistent foreign funds outflows weighed on capitalist sentiments. Forex traders same the weakness of rock oil costs is supporting the native unit. However, inflation and growth worries in Asian country and globally may cap the appreciation bias, they added. At the interbank exchange, the rupee opened at seventy eight.97 against the U.S. greenback, then fell to quote seventy nine.03, registering a decline of nine paise over the last shut. In the previous session on Fri, the rupee had closed at seventy eight.94 against the U.S. greenback. “Today could be a U.S. vacation thus money demand of USD are absent. perhaps we tend to may see some lower levels towards seventy eight...
Petrol, Diesel costs nowadays Announced: Check Fuel Rates in Old Delhi, Mumbai, different Cities
BUSINESS

Petrol, Diesel costs nowadays Announced: Check Fuel Rates in Old Delhi, Mumbai, different Cities

Petrol, Diesel worth Today: For the forty third day in a very row, the fuel costs in India stay steady. Ever since the Central Government impede the excise duty in could, the fuel and diesel costs have remained stable. Giving relief to everybody from the enthusiastically fuel and diesel costs, the Union government minister Nirmala Sitharaman proclaimed on could twenty one the marginal reduction on fuel by Rs eight per metric capacity unit, and on diesel by Rs six per metric capacity unit. After the massive call of the Central Government, numerous state governments additionally reduced the VAT on the fuel costs in their state. whereas the Kerala government reduced the tax on the costs of fuel and diesel by Rs two.41 and Rs one.36 per metric capacity unit, severally, the Odisha government...
Grameenphone partners with Uddipan
BUSINESS, Technology

Grameenphone partners with Uddipan

Grameenphone has signed an agreement with ‘Uddipan’ – the development organisation empowering communities through socio-economic inclusion – to ensure seamless connectivity with the telecom operator’s nationwide network and innovative ICT solutions throughout its operations, according to a press release. Grameenphone will provide Technology and Micro-entrepreneurs to Uddipan under this agreement. Yasir Azman, CEO of Grameenphone, and Bidyut Kumar Basu, Executive Director & CEO of Uddipan, signed the agreement on behalf of the respective organisations. Among other officials present at the event were Kazi Mahboob Hassan, chief business officer, Grameenphone; M. Sharon Azad, head of the large account, Md. Rajib Khan, general manager, large account, Shuvashis Kumar Bhattacharjee, ...