Larsen & Toubro (L&T) said that L&T Construction’s transportation infrastructure unit has commissioned the electrical and mechanical System for the Dhaka Metro Line 6 phase-1 in Dhaka, Bangladesh. According to the Indian group, the commercial operations of the 11.4 km phase-1 of the metro line started following the achievement of the milestone. Inaugurated by Bangladesh […]
Larsen & Toubro (L&T) said that the power transmission and distribution unit of L&T Construction has won multiple orders in India and overseas worth in the range of INR 1,000 to 2,500 crores. In India, the L&T Construction unit won an order to install a 765kV transmission line in Gujarat, which will increase the available […]
Pearl Global Industries, an Indian garment exporter, said that its fully-owned Hong Kong-based subsidiary — Pearl Global (HK) has acquired a 52.11% stake in Alpha Clothing, a Bangladesh-based apparel manufacturer, for $1.05 million. Pearl Global (HK) has acquired 9,00,860 equity shares in Alpha Clothing in this connection with the funding made through internal accruals. Pulkit […]
Larsen & Toubro (L&T) said that its construction business has bagged an order from the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at eight locations in Bangladesh. The value of the contract is in the range of INR 1,000 to 2,500 crores. The project, which is being financed by the Indian EXIM Bank, […]
A.P. Moller – Maersk (Maersk) said that it has joined forces with Ispahani Summit Alliance Terminals Limited (ISATL) for the construction of a 200,000sft custom bonded warehouse in Chattogram, Bangladesh. ISATL is engaged in constructing and operating warehouses and container freight stations (CFS). The Bangladesh-based firm is operating four container freight stations within Chattogram and […]
Hero MotoCorp has launched the Hero Hunk 150R motorbike in Bangladesh at an inaugural price of BDT 164,490 for the double disc variant and BDT 174,490 for the double disc with single channel ABS variant. According to the Indian motorcycles and scooters manufacturer, the Hero Hunk 150R bike features single-channel anti-lock braking system (ABS) and […]
Essar Shipping said that its Tvisha and Tuhina handysize vessels weighing 13,000 DWT, have been deployed in exporting rice from India to Bangladesh in accordance with a recent bilateral trade pact signed by the two countries. The company, which is part of Essar Global Fund’s services and technology portfolio, said that since March 2021, the […]
A consortium led by Rail India Technical and Economic Service Limited (RITES) prevailed as the lowest bidder in a competitive bidding process held by Bangladesh Railway for the construction of a dual guage railway line project in Bangladesh. The railway line is to be laid from Bogura to Shahid M. Mansur Ali station. The 80km […]
City Bank, a Bangladeshi private commercial bank, has joined forces with UK-based payments technology firm Compass Plus to launch an interoperable QR code payments solution in the Asian country. The QR code payments solution is said to bring together four major global payments networks in the form of American Express, Visa, Mastercard, and UnionPay, in […]
Unilever’s Indian subsidiary Hindustan Unilever Limited (HUL) has wrapped up its previously announced merger of GlaxoSmithKline Consumer Healthcare (GSKCH). Hindustan Unilever announced the merger with GlaxoSmithKline Consumer Healthcare in December 2018, in line with its strategy to evolve the foods and refreshment portfolio into higher-growth segments. The company has secured all the required approvals to […]