Robi Axiata Launches Subsidiary Axentec PLC

Non-life insurance companies in Bangladesh settled just 10% of claims, worth Tk 3,140 crore, between January and September 2024, compared to 15% in the same period last year. For 2023 as a whole, 41% of claims were settled, up from 35% in 2022.

Paramount Textile's profit dropped 20% year-on-year to Tk 191 million in Q1 FY25, primarily due to the closure of its associate company, Paramount Btrac Energy, a 200 MW diesel power plant, and higher finance costs.

The Bangladesh Securities and Exchange Commission (BSEC) fined 21 individuals and firms Tk 134 crore for manipulating shares of Bangladesh Finance and two Orion Group concerns. Tk 70.57 crore was levied for Bangladesh Finance manipulations, with notable fines including Tk 17 crore on Abu Sadat Md Sayem and Tk 9 crore on Sameer Sekander.

The National Board of Revenue (NBR) has instructed banks to unfreeze the accounts of United Commercial Bank (UCB) Chairman and Ananta Group Managing Director Sharif Zahir, his mother Qamrun Nahar Zahir, and his brother Asif Zahir. Qamrun Nahar is the chairperson, and Asif is the deputy managing director of Ananta Group, a leading garment exporter.

Walton secured orders worth Tk 350 crore from local and international companies during the "Advanced Technology Solution (ATS) Expo 2024," Bangladesh's premier industrial expo, held at the International Convention City Bashundhara in Purbachal.

PHP Family, a leading industrial group, has advanced Bangladesh's solar energy sector by installing 1,740-kilowatt solar panels on the roofs of its textile and steel mills in Sitakunda, Chattogram. Chairman Sufi Mohammad Mizanur Rahman inaugurated the initiative at the Kumira factory, aiming to generate 2,000 megawatts of electricity annually and reduce carbon emissions by 1,100 tons.