At least four listed companies have failed to utilise the IPO (initial public offering) funds within the time mentioned in their prospectuses, depriving general shareholders of their timely benefits. While there were excuses that the business climate has been adverse, there were motives too to tak
Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter for $33 billion, marking the latest twist in the billionaire's rapid consolidation of power. The all-stock deal announced on Friday combines two of Musk's multiple portfolio compan
Axiata Group Berhad is set to derive a significant portion of its earnings from three high-risk emerging markets-Bangladesh, Sri Lanka and Cambodia-following a major corporate restructuring, according to S&P Global Ratings. Its subsidiary Robi Axiata Ltd, Bangladesh's second-largest telecom operat
Stocks on the DSE opened higher on Thursday as opportunistic investors continued to take positions in sector-specific shares, with pre-Eid selling pressure easing. This marks the last trading session before the nine-day Eid vacation, as the market will remain closed from March 28 to April 5, inclu
Stocks closed higher on Monday, mainly supported by gains in select large-cap stocks. The prime index of the Dhaka Stock Exchange (DSE) increased by 13.53 points to settle at 5,197. The benchmark index of the stock market returned to positive territory, primarily driven by the price appreciation
