Intel plans to expand into custom chip design services as part of a strategic shift outlined by Chief Executive Lip-Bu Tan at the company’s third-quarter earnings call. The semiconductor manufacturer created a Central Engineering Group led by Srini Iyengar to consolidate technical talent and develop application-specific integrated circuits for external clients. The initiative positions Intel…
India’s finance ministry consolidated 31 separate customs duty exemptions into a single document to streamline business operations. The Central Board of Indirect Taxes and Customs combined rules covering renewable energy, metals, fertilizers, agriculture, pharmaceuticals, and electronic components into a single framework, effective November 1. The consolidated notification eliminates duplicate requirements while maintaining existing benefits for…
India plans to expand its aviation network to 350 airports by 2047, Civil Aviation Minister K Rammohan Naidu said after opening the upgraded Terminal 2 at Delhi’s main airport on Saturday. The country operates 164 airports and must add roughly 200 more facilities while attracting additional aircraft to meet growth targets. The renovated terminal will…
The International Monetary Fund praised Bangladesh Bank for building its foreign currency holdings to $27.35 billion by mid-October, up from $19.93 billion a year earlier. Thomas Helbling, deputy director for the Asia-Pacific region, told reporters on Friday in Hong Kong that reserve growth remains central to the $5.5 billion assistance program as the nation manages…
Kotak Mahindra Bank reported net profit fell 2.7 percent to 3,253 crore rupees in the July through September quarter compared with the same period last year. The Mumbai-based lender said on Saturday that net interest income rose 4 percent to 7,311 crore rupees while maintaining a margin of 4.54 percent. Loan advances expanded 16 percent…
The Dhaka Chamber of Commerce & Industry launched an Economic Position Index on Saturday to track business conditions across the capital through quarterly surveys of manufacturers and service providers. The chamber conducted its first assessment between February and March 2025, interviewing 654 business owners from the manufacturing and service industries. Chamber President Taskeen Ahmed said…
Mid-sized and small company stocks climbed ahead of benchmark indexes through the shortened holiday trading week, with the BSE midcap rising half a percentage point and the smallcap advancing 1 percent. Foreign investment flows and stronger-than-expected quarterly results pushed 41 small-company shares up by 10 to 36 percent. The BSE Sensex added 259 points to…
The Bangladesh Chamber of Industries hosted a training workshop on Saturday focused on cloud computing and cybersecurity for business leaders at its Dhaka boardroom. ICT Division Secretary Shish Haider Chowdhury served as the chief guest, while BCI President Anwar-Ul Alam Chowdhury led the session, with 25 participants from member organizations in attendance. Chowdhury told attendees…
India and Google are constructing a $15 billion artificial intelligence data center in Visakhapatnam, the largest such facility outside the United States. Prime Minister Narendra Modi said the project supports his goal of making India a leader in responsible AI development and building the necessary infrastructure. Google plans to invest the funds over five years…
India’s central bank wants to let lenders finance corporate takeovers as part of a plan to support strategic business expansion. The Reserve Bank of India said on Saturday that banks could fund up to 70 percent of acquisition costs for listed companies with strong balance sheets and three years of profits. The draft rules require…
