POLITICAL TURMOIL IN BANGLADESH
Bangladesh ex-captain Aminul Islam new cricket board chief
Aminul Islam, Bangladesh's first Test centurion, now leads the cricket board. He replaces Faruque Ahmed after his removal. Aminul, known as "Bulbul," previously captained Bangladesh in the 1999 World Cup. He has worked with the ICC and ACC in development roles. This appointment follows political turmoil in Bangladesh, including the ousting of Sheikh Hasina.
BNP asks Yunus to hold Bangladesh polls by December
Bangladesh Nationalist Party asked Muhammad Yunus to hold elections by December 2025. They wanted removal of controversial advisors. Jamaat-e-Islami suggested possible poll timeframes. National Citizen Party pressed for local polls before national elections. Yunus aimed for elections between December and June. Advisory council confirmed Yunus would stay as interim chief. Military leaders called for elections by December.
Muhammad Yunus to continue as Bangladesh's interim govt chief: Adviser
Muhammad Yunus, head of Bangladesh's interim government, will remain in his position despite considering resignation due to political obstacles. He expressed difficulties in achieving consensus among political parties, but advisers persuaded him to stay.
Yunus calls interim cabinet's meeting to review unrest in Bangladesh: Report
Bangladesh's interim government faces turmoil as Chief Advisor Muhammad Yunus considers resigning amid political deadlock and unease with the Army. Yunus called an unscheduled advisory council meeting after expressing his desire to step down, citing difficulties in achieving consensus among political parties.
Bangladesh's Yunus to meet key parties as pressure grows
Bangladesh's interim leader, Muhammad Yunus, is set to meet with the BNP and Jamaat-e-Islami leaders amid escalating political turmoil. This comes after reports that Yunus threatened to resign if parties didn't support him.
Bangladesh minister says Yunus 'not going to step down'
Bangladesh's Muhammad Yunus "needs to remain" in office as interim leader to ensure a peaceful transition of power, a cabinet member and special adviser to Yunus said Friday. "For the sake of Bangladesh and a peaceful democratic transition, Professor Yunus needs to remain in office," Faiz Ahmad Taiyeb, a special assistant to Yunus, and head of the Ministry of Posts, Telecommunications and Information Technology, said in a post on Facebook.
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Bangladesh's interim govt chief Muhammad Yunus threatens to resign amid turmoil: Report
Professor Muhammad Yunus, the chief of Bangladesh's interim government, is contemplating resignation due to the failure of political parties to find common ground. Nhid Islam, the CP party chief, conveyed Yunus's concerns after meeting with him, stating that Yunus feels unable to effectively govern in the current polarized environment.
Walmart calls, but India's garment worker woes blunt tariff edge
Garment exporters in Tiruppur are poised to benefit from U.S. tariffs on competitors like Bangladesh and China, attracting interest from Walmart and Costco. However, a significant skilled labour shortage, limited economies of scale, and higher costs are hindering India's ability to fully capitalise on this opportunity.
Adani Power says hopeful Bangladesh will pay all outstanding dues
Bangladesh has significantly decreased its debt to Adani Power related to a power-supply agreement. Adani Power's CFO expresses confidence in recovering the remaining $900 million, noting Bangladesh has already paid nearly $1.2 billion of the total $2 billion billed. Full power supply has resumed as monthly payments now exceed current billing.
Pahalgam Attack: Why China's support for Pakistan may be all talk, no action
In the aftermath of the Pahalgam terror attack, China has extended diplomatic support to Pakistan while urging restraint on both sides. Chinese Foreign Minister Wang Yi, in a meeting with Pakistan’s Deputy Prime Minister Ishaq Dar, stressed that “conflict is not in the fundamental interests of either India or Pakistan” and called for an “impartial” investigation.
It's the geopolitics, stupid! Weaponisation of commerce, started by Xi, comes full circle with Trump
Donald Trump's tariffs have disrupted global markets, ironically positioning China as a defender of free trade. Despite initial hopes that WTO membership would liberalise China, US trade deficits have surged. India, benefiting from domestic stability, aims to leverage this disorder by pursuing a trade agreement with the US while carefully managing relations with both the US and Europe.
If Indians rise, Bangladesh will cease to exist: Assam Jatiya Parishad
Assam Jatiya Parishad leaders have criticized Bangladesh's interim leader Muhammad Yunus for his remarks on India's northeastern region during his visit to China. They emphasized that Bangladesh owes its independence to India and warned against making provocative statements, highlighting past political instability in Bangladesh.
Sheikh Hasina returning as Bangladesh's PM? Awami League leader's thanks to Modi sparks buzz
"Bangladesh is under attack, and it needs to be addressed by the international community. A political uprising is fine, but that is not what has been going on in Bangladesh. This is a terrorist uprising... Many of our leaders are sheltered here in India, and we are very thankful to the Indian government for providing the alignment. I also thank PM Narendra Modi for providing a safe travel passage for our Prime Minister Sheikh Hasina. We are thankful to the people of India," he said.
Trump says he leaves the decision on Bangladesh to PM Modi
US President Trump, in a meeting with PM Modi, addressed the political crisis in Bangladesh, prompted by the violent 2024 protests against former PM Hasina’s regime. Bangladesh's opposition demands Hasina’s extradition from India following UN reports of human rights violations. India approaches the request cautiously, considering significant diplomatic implications.
Turbulence in Bangladesh as new government grapples with aftermath of Sheikh Hasina's ouster
Bangladesh's interim government, led by Muhammad Yunus, is tackling economic woes and human rights concerns following the ouster of Sheikh Hasina. While Hasina plans a comeback from exile, the new regime faces criticism for repressing media and mishandling religious minority attacks. Future election timelines remain uncertain amidst demands for reforms.
European Investment Bank to boost funds for Bangladesh as it weathers political turmoil
The European Investment Bank plans to double its funding for Bangladesh to 2 billion euros, while emphasizing the importance of human rights, rule of law, and freedom of expression. The bank supports reforms led by Muhammad Yunus, as Bangladesh faces political turmoil and economic challenges affecting growth and worker conditions.
Bengal hospitals see sharp decline in B'desh patients
Kolkata hospitals are experiencing a significant decline in Bangladeshi medical tourists due to political unrest and visa restrictions following the recent regime change. Patient numbers have dropped by as much as 75% since August, impacting hospitals like Peerless and Desun, which were popular choices for Bangladeshis seeking medical care in India.
Political turmoil in Bangladesh unlikely to impact credit quality of Indian firms: CRISIL Ratings
CRISIL Ratings reports that recent political turmoil in Bangladesh is unlikely to impact the credit quality of Indian corporates in the near term. While some export-oriented sectors may face challenges, others could benefit. India's trade with Bangladesh remains relatively low, accounting for 2.5% of total exports and 0.3% of imports last financial year.
Bangladesh crisis: Cong MLA urges PM Modi not to hesitate to take action like Indira did in 1971
Expressing grave concern over political turmoil and reported atrocities against Hindu minorities in Bangladesh, Karnataka Congress legislator Rizwan Arshad urged PM Narendra Modi to consider decisive military action. Arshad highlighted the need for immediate measures to protect the rights and dignity of minorities in both Bangladesh and India. He emphasised the importance of addressing these critical issues promptly.
Bangladesh crisis: India's garment export orders likely to increase 10-20%
India's garment sector could see a 10-20% rise in export orders in the next 18 months amid Bangladesh's political unrest. This could bolster apparel exports by $2-3 billion annually. Exporters emphasize preparedness for potential trade shifts, especially with Bangladesh's expected LDC status change by 2027. Tiruppur anticipates a 10% order increase.
Marico's majority of retail distributors resume operations in violence-hit Bangladesh
Marico stated that most of its retail sales force and distributors in Bangladesh had resumed operations after a short break. The company anticipated the restart of its manufacturing soon. Marico underlined its commitment to the safety of its employees and stakeholders. The company's shares fell due to political unrest in Bangladesh.
Assam CM raises concern over infiltration amid ongoing political turmoil in Bangladesh
Himanta Biswa Sharma voiced the possibility of Bangladesh becoming a safe ground for terrorist activities in the future. "During the time of Sheikh Hasina, all terrorist groups from the north-east were removed from Bangladesh. For us, it will be a matter of concern; once again, Bangladesh must not become a safe haven for such terrorists. I hope the Indian government will stay in constant touch with whichever government is formed there." The Assam Chief Minister said.
Political turmoil unlikely to impact Indian FMCG companies
Indian consumer goods companies have operated in Bangladesh, Sri Lanka, and Nepal for years, generally facing little impact from local instability. Marico's stock dipped nearly 6% due to its substantial earnings from Bangladesh, where its subsidiary accounts for a significant portion of its overseas revenue. Other FMCG companies saw lesser impacts.
Astrologer predicted ex-Bangladeshi PM Sheikh Hasina's dramatic exit from Bangladesh
The recent political upheaval in Bangladesh has resulted in Prime Minister Sheikh Hasina resigning and leaving the country. The crisis, which began in the last few weeks due to extensive demonstrations over government job quotas, seems to have been predicted by an astrologer several months ago.
String theory of Bangladesh crisis! Textile stocks rally up to 20%
Amid political turmoil in Bangladesh potentially driving textile companies to outsource to countries like India, textile stocks surged on Tuesday. Gokaldas Exports, Century Enka, and SP Apparels saw gains of up to 18%. Gokaldas Exports hit a 52-week high of Rs 1,089.40 on the NSE, driven by expectations of increased textile exports from India.
Marico shares fall over 4% as Bangladesh business may get hit
Shares of FMCG firm Marico, known for Saffola and Parachute, fell over 4% on Tuesday due to political turmoil in Bangladesh, where it earns 11-12% of its revenue. Despite this, Marico’s long-standing presence in Bangladesh suggests that the current challenges will have a limited impact on its competitive position.
Khaleda Zia's son buried in Bangladesh amid political turmoil
Khaleda Zia's self-exiled son, who died in Malaysia last week, was buried here today amid an escalation of political turmoil that has claimed 37 lives.
Forward Bloc disapproves West Bengal's opposition to India-Bangladesh land boundary agreement
Forward Bloc voiced its disapproval of WB government's opposition to India-Bangladesh Land Boundary agreement providing for exchange of enclaves.
Indo-Bangla border trade hit by Bangladesh turmoil
"We have fixed a target Rs 500 crore annual turnover in the border trade in this financial year, but we do not hope to reach the bar set," Debnath said.
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