IPDC Finance Limited registered a net profit of Tk 88 crore last year.

Shareholders have approved 15 per cent cash and 5 per cent stock dividends for 2021 at the 37th annual general meeting of IDLC Finance.

Shareholders have approved 25 per cent cash dividend for 2021 at the 34th annual general meeting of Reliance Insurance held virtually on Wednesday.

GPH Ispat and the Bangladesh University of Engineering and Technology (Buet) have signed a memorandum of understanding (MoU) facilitating long-term industry and academia collaborations such as research and academic knowledge sharing, student scholarships, fellowships, assistantships and internships.

MetLife Bangladesh has launched a toll-free hotline titled “Hello Bima” on which trained staff will answer questions on life insurance, its role in financial protection and provide clarifications, thereby making information more accessible to people.

Bangladesh should introduce financial interoperability as it is necessary to maximise the benefits of financial inclusion and strengthen the economy, said experts yesterday.

TEL Plastic, a brand of Pran-RFL Group, has created a fund for the development of the environment and announced that it would donate to it Tk 2 from the sale of each of its 80 types of plastic products.

Japan has conferred an “Order of the Rising Sun, Gold Rays with Rossete” award on Uttara Group Chairman Matiur Rahman for his contributions to strengthening economic relations between the East Asian island country and Bangladesh.

Brac Bank and the University of Dhaka’s marketing department have provided a three- month training to 60 entrepreneurs, over half of them women, on developing managerial skills to expand and sustain businesses in the banking sector.

Anjan Chowdhury Pintu, Director of Square Group and President of the Library has inaugurated the corner at the library yesterday.

Huawei has seen its business in Bangladesh expand on the back of strong sales in telecommunication equipment and other technologies despite the declining popularity of its smartphone devices following US sanctions in 2019.

Infrastructure Development Company Ltd (Idcol) has recently witnessed the appointment of its new executive director and chief executive officer (CEO).

US automaker Tesla is suspending production at its Shanghai factory for four days after the financial hub said on Sunday it would lock down in two stages to carry out mass testing for Covid 19, two people familiar with the matter said.

Sonar Manufacturing Limited, a sister concern of Bitopi Group, is going to establish a garment industry in the Dhaka Export Processing Zone (DEPZ) with an investment of $9.58 million.

Pran Dairy Ltd, a sister concern of Pran Group, has received the Standard Chartered-Channel i AGRO Award-2021 for its outstanding contribution in the country’s agriculture sector.

Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia at an expected cost of 400 million euros ($438 million), after previously saying it would only halt new investment and exports to the country.

Mobile operator Grameenphone is celebrating its 25th anniversary, now aiming to contribute beyond connectivity.

Granite extraction from mines at Parbatipur upazila of Dinajpur resumed yesterday following a 15-day suspension for a lack of explosives.

Mir Akhter Hossain, one of the country’s biggest construction companies, is going to establish a steel manufacturing plant to meet its own demand for the key raw material in the construction of buildings and infrastructure such as bridges.

Banglalink will make significant investments to transform itself from a traditional telecom operator to a digital one as a part of its effort to adapt to the changing nature of the industry.