Withdraws cap on P/E ratio for IPO The Securities and Exchange Commission on Tuesday finalised the book-building method for initial public offering withdrawing the proposed cap on price earning ratio or net asset value of any company, bowing down to pressure of a section of stakeholders. ‘After analysing the suggestions from the stakeholders and opinion ... Read more
Month: September 2011
GMG’s public offer far off
Airline launches special hajj services The initial public offering (IPO) of GMG Airlines is likely to be delayed as the airline looks to find a ‘good time’ to go public after having a revised business strategy. According to GMG, the stockmarket regulator had suspended the book-building method earlier this year, halting the carrier’s plan to ... Read more
Stocks slip back into the red
Stocks plunged 1.87 percent as a price correction pushed down market indices yesterday. The benchmark General Index, DGEN, the yardstick of Dhaka Stock Exchange, closed at 5,879, after declining 112 points. The market that started off amid buoyant spirits was on course to cross 6,000 points, a
Imrul, Shahadat shine in mixed day
Imrul Kayes scored a brilliant half century to save the blushes for Bangladesh Red as they scored 215–7 on the second day of the four-day match at the Sher-e-Bangla National Stadium on Tuesday. Imrul made 85 off 133 balls as Reds trailed by 66 runs at the end of the day after they had dismissed ... Read more
Sachin’s new bungalow looks like a palace
The new house, where India’s legendary batsman Sachin Tendulkar is likely to move on Wednesday will prove to be very lucky to him, according to world’s famous astrologer, Bejan Daruwalla. Speaking exclusively over his mobile from Ahmedabad, the 81-year-old Bejan Daruwalla said, “It is a very auspicious day, being the first day of the Navratri. ... Read more
Rajuk extends time for application again
Jhilmil Residential Project Rajuk extends time for application again For the second time, Rajdhani Unnayan Kartripakkha (Rajuk) has extended the deadline of submitting application of Jhilmil Residential Area Project for 15 days following the demand of the applicants. The last date of submitting application is now October 10 which was September 25, said chairman of ... Read more
Banglalink to pay Tk 1,980cr for licence renewal
Orascom Telecom Holding said its Bangladeshi subsidiary Banglalink will pay about Tk 1,980 crore ($26.3 crore) over the next three years as spectrum and licence renewal fees. Banglalink, the country’s second largest mobile phone operator with 21.62 million subscribers, has received the final 2G (second generation) licence renewal guidelines, Orascom said
Drik celebrates 22 years
Drik Picture Agency organised a discussion programme to mark its 22nd anniversary on September 24 at the rooftop of its office building in Dhanmondi, Dhaka. A photo exhibition highlighting the organisation’s motto — to always ask hard questions — was opened after the discussion. Managing director of Drik, Dr. Shahidul Alam, and filmmaker-editor Catherine Masud ... Read more
New gas ‘found’
Local explorer sees 80pc possibility of finding huge reserve in old Sylhet field A survey of national gas field of Rashidpur has raised high hopes of finding an additional one trillion cubic feet (tcf) of gas. This is a major development in a national gas field, a source of gas cheaper than that produced by ... Read more
Economy in tangles
People start to feel the pinch as govt rides on a high fuel import to feed fuel-guzzling power plants The letter shocked Rahman. A few lines typed in an official language across a white page with the bank’s insignia at the top. It says your monthly mortgage payment has been raised by Tk 3,000 in ... Read more
Road mayhem goes on
City communications disrupted for hours, 20 vehicles vandalised as Jagannath University students press for 4 demands Jagannath University students went on a rampage damaging cars and halting traffic for the second consecutive day yesterday to press home their demands including continued government funding for the university. Agitating students vandalised at least 20 vehicles and blocked ... Read more
Naeem shows the way
Naeem Islam brought to notice his staying power on the opening day of the practice four-dayer between BCB Red and BCB Green yesterday. The 24-year-old batted out virtually the entire day, remaining unbeaten on 95 runs. BCB Green were 254 for six at stumps after Shahriar Nafees had opted to bat first on a largely ... Read more
Jagjit Singh in critical condition after brain haemorrhage
Ghazal singer Jagjit Singh is said to be in a ‘critical’ condition after suffering a brain haemorrhage. Singh was admitted to Mumbai’s Lilavati Hospital on Friday just hours before he was due to perform on stage with Ghulam Ali. The hospital has since released a statement saying: “Mr. Jagjit Singh’s condition remains critical. We have ... Read more
Katrina Kaif insists on ‘no bikini’ clause for ‘Dhoom 3’
Katrina Kaif has reportedly persuaded Aditya Chopra to agree to a ‘no bikini’ clause in her Dhoom 3 contract. A source informed the Mumbai Mirror that Chopra had initially told Kaif that she would be required to wear a bikini for the role as Esha Deol and Bipasha Basu did in the previous films. However, ... Read more
Katie Price on cosmetic surgery: “I looked like a duck”
Katie Price has revealed that she regrets having so much cosmetic surgery. The model, who is currently dating model Leandro Penna, ruled out having any more procedures until she’s had another child. “There was a time when I went mad and my lips were hideous and I looked like a duck. I look at old ... Read more
Pippa Middleton to move in with boyfriend
Pippa Middleton’s boyfriend Alex Loudon has given her keys to his apartment and she has moved many of her belongings into the property. Pippa Middleton is reportedly close to moving in with her boyfriend. The 28-year-old brunette – the sister of Britain’s Duchess Catherine – has been given a set of keys to Alex Loudon’s ... Read more
Nepal plane crash kills all 19 aboard
A plane carrying tourists to view Mount Everest crashed while attempting to land in Nepal on Sunday, killing all 19 people on board, officials said. The turboprop plane belonging to Buddha Air was carrying 13 foreign tourists, three Nepalese passengers and three crew members when it crashed in Bisankunarayan village, just a few miles
Monipuri Theatre celebrates 15th founding anniv
Manipuri Theatre celebrated its 15th anniversary with a performance of traditional Manipuri Natapala and the troupe’s recent production “Kohe Birangana”. The event was held on September 23 at the Experimental Theatre Hall, Bangladesh Shilpakala Academy. Seasoned actor-director Mamunur Rashid was the chief guest at the inaugural ceremony. He lauded the
Climate change leads to forced migration
Speakers tell int’l conference Speakers at an international conference yesterday identified that extreme poverty, climate change impact, population growth, urbanisation, governance failures, and food and energy insecurity force people to be migrated. The second and concluding day of the two-day conference on “Changing nature of forced
3 univ students jailed for sexual harassment
A mobile court of Rapid Action Battalion (Rab) yesterday sentenced three private university students to two years’ imprisonment for blackmailing a schoolgirl by capturing indecent video. The convicted, Parvez Sarkar, 20, BBA student of South East University, Mahbub Hasan Mohobbot, 20, and Udoy Sarma Utso, 20, BBA students of American International University of Bangladesh