Shares in Adani Group companies continued to plunge on Friday, as the embattled conglomerate grapples with stock market mayhem unleashed after a US short seller accused it of fraud. Adani Enterprises, the group’s flagship firm, was down over 15% in Mumbai, bringing the cumulative

Adani’s market losses swelled above $100bn on Thursday, sparking worries about a potential systemic impact a day after the Indian group’s flagship firm abandoned its $2.5bn stock offering. The shock withdrawal of Adani Enterprises’s share sale marks a dramatic setback

Energy giant Shell has announced record annual profits nearing $40bn, after oil and gas prices surged following Russia’s invasion of Ukraine last February. The British company’s earnings in 2022 were the highest in its 115-year history, a milestone that has angered many

Bangladesh Bank (BB) has halved banks' general provisioning requirement to 1 percent against their loans for brokerage firms, stock dealers, and merchant banks. A circular in this regard has been issued by the Bangladesh Bank today (Feb 2). It has been decided that banks will

India’s Adani Enterprises has called off its $2.5bn share sale in a dramatic reversal, the company said on Wednesday, days after a rout in its stocks following criticism by a United States short seller. The withdrawal marks a stunning setback for Gautam Adani, the school

Pakistan’s inflation quickened to the fastest in almost 48 years in January as thousands of containers of food items, raw materials and equipment are stuck in ports after the cash-strapped government curtailed imports. Consumer prices rose 27.55% from a year earlier, according to

Australia announced Thursday it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. The central bank's decision to leave her successor Charles III off the $5 note means no

Gautam Adani has slipped out of the list of the world's top 10 richest people, a report with Bloomberg stated. According to the Bloomberg Billionaires Index, the tycoon was earlier positioned fourth on the list. On Tuesday morning, shares of most of the Adani Group firms were

Bangladesh Jewellers' Association (BAJUS) is set to organise a three-day jewellery fair in Dhaka from February 9. The "Bajus Fair 2023" will be held at the International Convention City Bashundhara in Dhaka. Uttam Banik, chairman of the BAJUS standing committee on fair

The government has once again increased the retail and wholesale prices of electricity. The new price will be effective from February 1.  Ministry of Power Energy and Mineral Resources issued a gazette notification in this regard on Monday (January1). According to the gazette,

Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost.  World growth has been bogged down by fallout from

Once the smartphone markets of Bangladesh were flooded with ‘Made in China', 'Made in Korea' or 'Made in Vietnam' brands of phone set. Later, 'Made in Bangladesh' brand was included in the list as almost all international smartphone manufacturing

Clearing and Forwarding Agents (C&F) officials and employees have started a two-day strike to press home their eight-point demand today (Jan 30). Export and import activities at all customs houses and customs stations have been suspended to press their demands which include HS Code

The company owned by Asia's richest man Gautam Adani has issued a detailed rebuttal of allegations of wrongdoing by short seller Hindenburg Research. In a document, which runs to more than 400 pages, Adani Group says the report is a "calculated attack on India". Later

Indian billionaire Gautam Adani saw more than $20bn (£16bn) wiped off his fortune on Friday, after investors fled his companies for a second day prompted by fraud claims made by a US investment firm. The Adani Group has dismissed the report as malicious, but the response has

Bangladesh Jewellers' Association (BAJUS) President Sayem Sobhan Anvir is working relentlessly to introduce the country's gold to the global market. This was said by BAJUS Vice-President Dr Dewan Aminul Islam Shahin addressing a view exchange meeting with Naogaon unit leaders

Japan and the Netherlands are poised to join the United States in limiting China’s access to advanced semiconductor machinery, forging a powerful alliance that will undercut Beijing’s ambitions to build its own domestic chip capabilities, according to people familiar with the

Bangladesh Sugar Refiners Association has increased the prices of sugar by Tk 5 per kg with effect from February 1. According to a press release issued by the association on Thursday, the loose sugar will be sold at Tk 107 per kg and packaged sugar will be retailed at Tk 112 per kg.

The Philippines’ economic growth beat expectations last year, fuelled by strong consumer spending despite rising consumer prices, officials said Thursday. Gross domestic product expanded 7.6 percent in 2022, the state statistics agency said in a briefing, faster than the

Gold prices held steady on Wednesday, hovering near a nine-month peak touched in the previous session on expectations of slower interest rate hikes from the U.S. Federal Reserve. FUNDAMENTALS * Spot gold was flat at $1,936.39 per ounce, as of 0020 GMT. Prices hit their highest since