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Midland Bank converts into Islami banking branch

Bangladesh, Oct. 6 -- Midland Bank PLC. (MDB) has transformed its Banani branch into a full-fledged Islami banking branch, aiming to broaden access to Shariah-compliant banking services. Imtiaz U Ahm... Read More


The RBI decides at 10am tomorrow, and a hike would be the first since February 2023

Punjab, Oct. 6 -- The RBI announces its policy decision at 10 am tomorrow. Most economists expect a 25 basis point hike, taking the repo rate from 5.25% to 5.50%. It would be the first increase since ... Read More


24 startups raised 411 million dollars last week, and a new Rs 250 crore fund is the better signal

Punjab, Oct. 5 -- Twenty-four Indian startups raised about $411 million in the week to 3 October - five growth-stage rounds, thirteen early-stage and six undisclosed. Q3 came in around $2.9 billion, d... Read More


India Mobile Congress opens Wednesday talking 6G, while 5G has not paid for itself

Punjab, Oct. 5 -- India Mobile Congress runs 7 to 10 October at Yashobhoomi in Dwarka, under the theme "Scale Without Boundaries". The agenda is 6G, AI-native networks, satcom and quantum communicatio... Read More


Brent fell below 100 dollars and the market finally went up

Punjab, Oct. 5 -- Brent crude fell to around $98 - below $100 for the first time in weeks - on movement in the US-Iran ceasefire talks. The Sensex rose 0.60% to about 72,341 and the Nifty 0.73% to 22,... Read More


AceVector listed 11.5 percent below its issue price, after a 4.9 times subscription

Punjab, Oct. 5 -- AceVector listed at Rs 28.32 on the NSE and Rs 28.30 on the BSE - about 11.5% below its Rs 32 issue price. Snapdeal's parent has gone public at a discount. How the issue ran The Rs... Read More


India and Canada want a trade deal by December, three years after the relationship collapsed

Punjab, Oct. 5 -- India and Canada began the fifth round of talks on a Comprehensive Economic Partnership Agreement in Ottawa today, running to 9 October. Both sides want it signed by year-end, and th... Read More


Central Shariah Board holds 79th EC meeting

Bangladesh, Oct. 4 -- The 79thmeeting of the Executive Committee of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) was held on recently at the Head Office of SammilitoIslami Bank PL... Read More


Goyal told the G20 that capacity alone is not a trade distortion, and opposed conditional MFN

Punjab, Oct. 3 -- At the G20 Trade Ministers' Meeting in Milwaukee, Piyush Goyal said India has no structural excess capacity in the sectors the G20 presidency has identified - and that industrial cap... Read More


A philanthropic foundation led a Rs 100 crore lending round, and a Rs 4 crore seed is the one to read

Punjab, Oct. 2 -- Simple Energy's Rs 1,750 crore Series C takes its total raised past Rs 2,530 crore. Seeds Fincap took over Rs 100 crore led by the Michael & Susan Dell Foundation. And a Jaipur healt... Read More