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Amazon profit beats expectations on booming sales

Amazon on Thursday reported a quarterly profit that trounced market expectations, driven by strong sales helped by its annual Prime discount event. The tech giant said it made a profit of $6.7 billion in the recently ended quarter, eclipsing earnings forecasts. "It was another strong quarter of progress for Amazon," the company chief executive Andy Jassy said in an earnings release. Amazon shares were up more than 7 percent to $138.79 in after-market trades that followed the release of the earnings figures. Net sales revenue at Amazon increased 11 percent to $134.4 billion, compared with $121.2 billion in the same quarter a year earlier, the earnings report showed.

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TECNO CAMON 20 Series Receives Prestigious MUSE Design Awards 2023

Recently, the CAMON 20 Series from innovative technology brand TECNO picked up the prestigious MUSE Design Awards 2023 as a gold winner in Product Design of Telecommunications category. TECNO CAMON 20 Series, known for its groundbreaking stylish design, was again unanimously praised by the judges of MUSE Design Awards 2023 thanks to its industry-first CAMON PUZZLE deconstructionist design. This win further illustrates TECNO strength in product design as the company continues to gain recognition from well-established international authorities. The award-winning CAMON 20 Series is now available in Bangladesh, captivating users with its exceptional features and captivating design.
Held by the International Awards Association (IAA), the MUSE Design Awards is one of the most influential international awards in the global design field, known for its rigorous judging system and high-quality criteria. The awards focus on the exploration of artistic beauty and design innovation, with the goal of fostering "design muses" and promoting global innovation and design excellence. This year MUSE Design Awards received over 6,300 entries from countries worldwide and were judged by a jury panel composed of 51 expert judges from creative and design-led disciplines across the globe.
“The industries have gone through significant changes throughout the years, yet to have these entrants showcase their ability to adapt and overcome, is certainly surprising and encouraging to our team in IAA,” said IAA spokesman Thomas Brandt, “We celebrate good design in all its forms and TECNO CAMON 20 Series caught our eye with its outstanding attention to detail, superb craftsmanship, and innovative design qualities, making it a worthy winner of our Gold Award.”
Inspired by the deconstructivism genre of postmodern architecture, TECNO fuses the aesthetic concepts of international fashion brands and pioneering designers to create the unique CAMON PUZZLE design. TECNO tries for the first time to engrave with 20 irregular ribs in a three-dimensional luxury lychee-pattern back cover material of Magic Skin while sapphire-grade nanocrystalline ceramic is integrated into the construction of the device back cover. The combination of advanced materials and bold design philosophy challenges traditional smartphone design language and allows for CAMON 20 users to make a stylish statement.
Of course, the focus is not only on aesthetics but on the user experience, too. The newest material of Magic Skin applied to CAMON 20 Series brings out the best of deconstructionist design, creating incredible comfort with a natural tactile texture that does not attract fingerprints. With a unique appearance and high-quality materials, CAMON 20 series brings industry design standards into a new era by winning high praise from the MUSE jury and highlights TECNO position as a pioneer in smartphone design.

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RTGS transactions resume

Interbank transactions through Real Time Gross Settlement (RTGS) system resumed today after the Bangladesh Bank (BB) resolved the technical glitch in the system.
Md Sarwar Hossain, assistant spokesperson of the BB, confirmed that the problem was fixed last night and transaction has been begun since morning.
Banks yesterday faced trouble in settling transactions with other banks owing to a technical glitch in the RTGS. Since instant transactions of funds among banks were stalled, it affected payments, including bills and disbursements of salaries of many firms.
The BB yesterday afternoon postponed RTGS operation citing unavoidable circumstances.
However, as transactions through cheques and Bangladesh Electronic Fund Transfer Network (BEFTN) system were on, banks could transfer a portion of funds among themselves.

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RANGS MOTORS INTRODUCES NEW RANGE OF EICHER SKYLINE BUSES IN BANGLADESH

Rangs Motors, one of the most renowned conglomerates in Bangladesh, announced the launch of the Eicher Skyline 20.15 Bus, which will cater to the needs of bus operators for a wide range of applications. Loaded with a host of industry-leading features, Eicher Skyline 20.15 is all set to provide segment-leading experience to bus drivers and passengers. The new Eicher Skyline 20.15 Bus is thoroughly tested in Bangladesh and optimized to deliver best-in-class performance. Eicher Skyline 20.15 bus comes with most powerful inline engine in its category along with host of segment leading features for safety, comfort & reliability for intercity bus segment in Bangladesh. Its powerful 180HP engine with in-line fuel injection system will help deliver more trips every year for bus operators. Features such as stronger Domex chassis, ET70 Transmission with 710Nm capacity, 395mm drive head and lubricated for life propeller shaft ensure higher reliability. This new bus comes with different variants including options of waveller suspension and air suspension to deliver segment leading passenger comfort during long distance travel. To provide enhanced comfort and reduce driver fatigue, features such as tilt & telescopic steering, low effort booster assisted clutch system & easy to read combination meter have been offered. As one of the rapidly growing economies in South Asia, Bangladesh has a large and growing commercial vehicles industry. The government focus on improving the country infrastructure, transport systems and the opening of the Padma Bridge is leading to increased intercity bus travel in Bangladesh. As a result, heavy-duty bus demand has seen a sharp rise in FY23 in Bangladesh, and is expected to grow further. With this launch of Eicher Skyline 20.15 well suited for Intercity Bus segment, the long-distance traveler will now have access to a segment-leading offer for safe, reliable & comfortable travel. In reference to the launch, Ahmed Shahriar Anwar, Chief Executive Officer, Rangs Motors Limited, remarked, “Today, we embark on a new journey, where comfort meets power on the open road. With great pride and unwavering determination, we present our latest masterpiece, Eicher Skyline 20.15 – a bus designed and made in Bangladesh for our own to redefine experiences in this new era of travel. As our nation economy is on an upward trajectory, with an unwavering commitment to infrastructure development, our country has witnessed a remarkable transformation in recent years and I believe it gives hope for the Commercial Vehicle industry. With a commitment to progress, adapt, and surpass expectations, we, Rangs believe to perceive and deliver a better experience in the world of transportation for the people of our modern Bangladesh” Speaking on the Occasion, SS Gill, Executive Vice President, International Business, VECV said, “In line with our brand promise of partnering prosperity we are delighted to launch the all new Eicher Skyline 20.15 Intercity bus for Bangladesh. These buses are designed for enhanced safety, superior comfort & reliability well suited for the growing intercity travel in Bangladesh. With best in class acceleration & torque, superior uptime coupled with enhanced passenger and driver comfort, these buses can make more trips in a year thus enhancing transporter profitability” Eicher Skyline 20.15 bus is equipped with varied seating capacities along with a rear waveller suspension and air suspension. The next generation of Eicher trucks and buses aim to continuously improve transportation efficiency in developing markets with relevant modernization, thereby reducing logistic costs, and leading to economic growth and productivity. With this launch, Eicher Trucks & Buses enters a new phase of growth in the commercial vehicle market of Bangladesh.