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India’s slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, a top industrial body said on Monday ahead of the inauguration of Prime Minister Narendra Modi’s second term. The economy grew 6.6 percent in the three months …

Local e-commerce platform Sindabad.com has received $4.15 million from Aavishkaar Frontier Fund (AFF), a venture fund managed by Aavishkaar, a leading Asian impact investment company, in order to fine-tune and scale up its business. Sindabad, the country’s first business-to-business (B2B) e-commerce platform, is a concern of Zero Gravity Ventures Ltd …

The inflow of remittances amounted to $1350.57 million from May 1 to May 24, according to the Bangladesh Bank latest data The country received $1.35 billion in remittances in the first 24 days of the current month as Bangladeshi expatriates sent home a higher amount of money ahead of Eid-ul-Fitr. …

Footwear manufacturers and retailers are looking to rake in Tk 3,000 crore in sales this Eid-ul-Fitr as sandals and shoes are high on the shopping lists of customers from all walks of life. “All brands are witnessing a happy Ramadan as sales have increased,” said Nasir Khan, managing director of …

Stores selling expensive imported garment items have so far been disappointed with sales as financially solvent customers are shopping abroad while locals keep faith on domestic produce as Eid purchases gain momentum. The days to Eid-ul-Fitr are considered the busiest shopping season in Bangladesh, particularly for garments and footwear, and …