Business & Finance news
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- GPH Ispat’s Revenue Falls 29% to Four‑Year Low as Cash Shortage Halts Production
· Business & Finance
GPH Ispat Limited, a leading steel producer in Bangladesh, reported a 29% drop in net revenue to Tk3,940 crore in fiscal 2025‑26, down from Tk5,606 crore…
- Crystal Jade Cuts Four More Singapore Outlets, 120 Workers Terminated
· Business & Finance
Crystal Jade shuts four more Singapore outlets, cutting 120 jobs, as part of a receivership-led reorganisation ahead of a proposed sale.
- Danube Unveils Shah Rukh Khan‑Branded Residential Tower in Dubai Maritime City
· Business & Finance
Dubai developers are increasingly turning to celebrity‑led branding and luxury lifestyle experiences to attract buyers, with Danube Properties unveiling…
- Two Anups Take Helm of India’s Major Private Banks
· Business & Finance
Reserve Bank of India approved Anup Bagchi as MD/CEO of HDFC Bank and Anup Saha as MD/CEO of Kotak Mahindra Bank, ending succession uncertainty.
- HDFC Bank Faces Post‑Merger Challenges as New CEO Takes Helm
· Business & Finance
HDFC Bank, once known for its reliable loan growth, high‑quality assets, strong retail franchise and large deposit base, has struggled since its 2023…
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· Business & Finance
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- Uber’s Acquisition of ezCater Aims to Expand Workplace Catering Reach
· Business & Finance
Uber announced a $2.3B cash deal to acquire ezCater, combining its catering expertise with Uber Eats and Uber for Business. The move aims to boost corporate…
- Dimon Warns Slower Growth Could Hinder US‑China Peace Efforts
· Business & Finance
Jamie Dimon says slower global growth could threaten US‑China peace, urging stronger growth to ease trade disputes, debt and rivalry.
- Dubai Retail Unveils 1.3‑Million‑Square‑Foot Skylight Mall on Al Khail Road
· Business & Finance
Dubai Retail announced the development of Skylight Mall, a super‑regional shopping destination that will open in 2027 on Al Khail Road. The mall will cover 1.3 million square…
- Australian Fashion Brand Suboo Enters Liquidation After 14 Years
· Business & Finance
Celebrity‑favourite Australian fashion label Suboo has entered liquidation after 14 years of operation. ASIC records show Suboo Pty Ltd was wound up following a members’ meeting…
- Gold Prices Dip on October 6, 2026, While Middle East Tensions Rise
· Business & Finance
On October 6, 2026, the price of gold in India fell slightly. Good Returns reports 24‑carat gold at Rs 14,902 per gram, down Rs 16 from the previous day. 22‑carat gold is priced…
- DNA Global Liquidation Reveals $2.5 Million Debt to Creditors
· Business & Finance
DNA Global, a New Zealand retailer, failed to secure refinancing and has appointed liquidators. The liquidators’ statement shows the company has five secured creditors and 43…
- Fuel‑Burn and Operating Cost Comparison of the 747, 777‑300ER and A350‑1000 in 2026
· Business & Finance
In 2026, the 747’s fuel cost tops $17k/hr, 777‑300ER around $12.5k/hr, and A350‑1000 about $10k/hr, showing twin‑engine widebodies are cheaper.
- FinCEN Retracts Crypto Mixing and Self‑Hosted Wallet Rules Amid Concerns Over Legitimate Use
· Business & Finance
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has withdrawn two pending rulemakings. On Monday, FinCEN posted a notice in the Federal Register…
- Eagle Hills to Launch Residential and Tourism Projects in Damascus and Latakia
· Business & Finance
Abu Dhabi’s Eagle Hills signs framework with Syria to build Tadamun Towers in Damascus and Eco Life tourism project in Latakia, creating 40,000+ jobs.
- Q Delivery Services Liquidated After 13 Years of Operations
· Business & Finance
Q Delivery Services, a family‑run haulage and logistics firm founded in 2013, has entered liquidation after more than 13 years in business. The company described itself as an…
- NEPSE Index Climbs 1.87% Amid Strong Investor Sentiment
· Business & Finance
Finance Minister Dr. Swarnim Wagle said that the Capital Market Strengthening and Revitalization Action Plan, 2083 has had a direct positive impact on the stock market.…
- Bangladesh Bank Restores Dollar Sales After 14‑Month Pause
· Business & Finance
Bangladesh Bank (BB) has resumed selling US dollars to the market after a 14‑month hiatus, citing rising demand and the need to stabilise the foreign exchange market. The central…
- Nepal's Capital Market Stakeholders Applaud Government's 21-Point Reform Package
· Business & Finance
Kathmandu — Investors and market leaders have praised a new capital market reform plan unveiled by Nepal's Ministry of Finance, calling it a milestone for structural change…
- Dhaka Stock Exchange to Hold Emergency Talks with Leading Brokers Amid Market Decline
· Business & Finance
The Dhaka Stock Exchange (DSE) is scheduled to meet with top brokerage firms today to address the recent slump in the capital market, according to a report by a senior…
- Dhaka and Chittagong Stock Indices Edge Up in Wednesday Morning Trade
· Business & Finance
Bangladesh's two main stock exchanges saw higher trading on Wednesday morning, as benchmark indices at both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)…
- Tata Trusts Consider RBI Review Before Legal Action on Public Listing
· Business & Finance
Tata Trusts are encouraging Tata Sons to explore all available options, including requesting the Reserve Bank of India (RBI) to reconsider and clarify its directive for Tata Sons…
- NPCI Outlines UPI Transaction Charges Effective October 2026
· Business & Finance
The National Payments Corporation of India (NPCI) has released a circular detailing additional charges on specific UPI payments, effective October 15, 2026. While the Opposition…
- Industry Leaders Support UPI Merchant Transaction Charges for Ecosystem Sustainability
· Business & Finance
Co-founders of PhonePe and MobiKwik have expressed support for the introduction of Merchant Discount Rate (MDR) charges on certain Unified Payments Interface (UPI) transactions.…
- Ashneer Grover Challenges UPI Merchant Fee, Calls It a 'Tax'
· Business & Finance
Entrepreneur Ashneer Grover has questioned the recently announced merchant charge on UPI transactions exceeding ₹2,000, stating that consumers will ultimately bear the cost. This…
- India Gold Prices Dip on September 16, 2026 Amid Fed Decision Focus
· Business & Finance
Gold prices in India on September 16, 2026 were reported by Good Returns as Rs 15,344 per gram for 24‑carat gold, Rs 14,065 per gram for 22‑carat gold and Rs 11,508 per gram for…
- Dangote Refinery Swings to $1.82 Billion Profit as It Fills Europe's Fuel Shortfall
· Business & Finance
Nigeria's Dangote Petroleum Refinery supplied roughly 13% of the jet-fuel shortfall Europe faced in the second quarter of 2026, capitalizing on a regional supply crisis that…
- Oracle Employee Laid Off After 12 Years, Notified by System Login Failure
· Business & Finance
A US-based tech professional, Sourabh, was laid off from Oracle after 12 years of service, according to a LinkedIn post by his wife, Pooja Sahu. Sourabh discovered his employment…
- Fuel Prices Stable in Major Indian Cities Amid Global Oil Market Fluctuations
· Business & Finance
On Wednesday, September 16, fuel prices in India's major metropolitan areas remained unchanged. State-run oil marketing companies maintain steady rates through periodic…
- Enforcement Directorate Targets IBC Frauds and Disproportionate Haircuts
· Business & Finance
The Enforcement Directorate (ED) has identified the re-examination of collusive resolution cases involving large haircuts, through which promoters re-acquire assets, as a primary…