eGeneration Signs Agreement With Evercare Hospital

Linde Bangladesh Ltd has declared a 4,100% cash dividend, the highest since its Dhaka Stock Exchange (DSE) listing. This follows a dramatic 4,596.5% increase in profit to Tk 631.68 crore as of July 31, 2024, compared to Tk 13.45 crore the previous year. The earnings per share (EPS) soared to Tk 415.08 from Tk 8.84, mainly due to a capital gain from selling shares of its subsidiary, Linde Industries Pvt Ltd. Net operating cash flow per share (NOCFPS) also rose to Tk 13.19 from Tk 8.38. Linde's share price jumped 17.83% to Tk 1,547.30 after the dividend announcement.

With the ousting of the Hasina administration and a newfound sense of freedom, people from various walks of life have taken to the streets, demanding rights they feel have been denied for years. The pharmaceutical industry is no exception. According to the BIPA President, such protests have not been seen in the sector for over 50 years.

Mutual Trust Bank PLC (MTB) has entered into an agreement with Starpath Holdings Ltd to provide Payroll Banking Services to the latter's employees. The agreement was formalized in a ceremony held at MTB's Head Office in Dhaka on September 3, 2024. This partnership aims to streamline payroll management and offer efficient banking services to Starpath Holdings employees.

IDLC Finance PLC has introduced a new payment option for its customers through a partnership with bKash. This service allows users to pay loan instalments, fees, and charges conveniently via the bKash app. Customers can settle payments for various services including loan instalments, document charges, statement fees, excise duty, late payment interest, and loan processing fees from home.

Bangabandhu Satellite-01, launched in 2018 with an investment of Tk 19.51 billion ($248 million), is deemed economically unfeasible due to underutilized bandwidth and low revenue. While 59% of its C-band transponders are used by local TV channels, 26 of the 40 Ku-band transponders remain unutilized. The satellite, with a lifespan extending to 2033, was expected to generate Tk 2.5-3.0 billion annually, but it only earned Tk 1.70 billion in FY 2023 and incurred operating costs of Tk 606.02 million.

Investit Asset Management Limited has launched its first open-end mutual fund, "Investit Growth Fund," with an initial size of Tk25 crore. The fund, sponsored by Investit, is backed by a trust deed signed with Sandhani Life Insurance on September 2, 2024. BRAC Bank will act as the custodian. The fund aims to offer superior risk-adjusted returns by focusing on growth stocks, with Tk2.5 crore contributed by the sponsor and the rest from individual and institutional investors.