business

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Government Honors Ghorahi Cement Industry For Most Tax Paid

Ghorahi Cement Industry, one of the most recently famous industry, has been honored by the government. The government of Nepal has honored Ghorahi Cement Industry for being the most consistent taxpaying companies in the country. Ghorahi Cement Industry was honored by the Nepali government during the Seventh National Tax Day, which was on Saturday. 

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Nepal Leather Craft in Nepalese Economy

Among the various kinds of industries, leather industries are the most rapidly growing in Nepal. Since 18 years Nepal Leather Craft is also continuously contributing in uplifting the economy of Nepal by manufacturing leather goods and by creating the employment in the economically deprived sectors of Nepal.

by InHeadline | Nov 18
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Nepal Airlines Corporation on the road to bankruptcy

Nepal Airlines Corporation, which was on a mission to regain popularity among travelers, has revealed that they're on the edge of bankruptcy.  The corporation released a statement that shows their monthly cash deficit has reached Rs. 217.79 million since inducting the first of two long-range Airbus A330s into its fleet. 

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Bankers Indemnity Insurance in Nepal with Siddhartha Insurance

Banker's Indemnity Insurance. This insurance provides comprehensive insurance coverage from one single insurance policy to the institutions, which have ...

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NEPSE sees double-digit surge

The domestic stock market which had been on a bearish run for the past few days, maintained its position however, today, as it gained about 14 points today, the third day of the week. The Nepal Stock Exchange (NEPSE) index surged 13.97 points to close at 1,207.31 points. The sensitive index that measures the values

by RSS | Nov 13
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NRB to supply new bank notes on other festivals too

Nepal Rastra Bank (NRB) is to implement the inclusive rule in exchanging the new bank notes. The central bank, which had been providing the facility of exchanging new notes in large quantity only during the Bada Dashain period before this, is to extend this facility on the occasion of festivals of other indigenous nationalities and linguistic communities also.

by RSS | Nov 12
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NEPSE index makes double digit gain

The Nepal Stock Exchange index today registered an 11.92 points increment to shut at 1219.20. Similarly, the sensitive index, which measures the performance of class 'A' stocks, also surged by 2.51 points and stood at 259.32. The total 822,207 shares of 115 companies were traded at over Rs 280 million.

by RSS | Nov 05
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Gold prices going down in Nepali and International market

The US dollar is going up significantly in the international market. With this, the price of gold is decreasing.  The total price of gold has gone down by a whopping 200 NRs. It's a big amount since it's global. The price, of course, applies to a tola of gold.

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World Bank says Nepals' GDP To Grow 6%

The economic growth rate of Nepal has been quite up there. However, due to the Terai floods, the target economic growth rate has been hampered by a small figure.  Nepal’s economy is expected to mark a growth rate of 6 percent in the current financial year, as strong growth is foreseen particularly in the agriculture and tourism sectors...

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Herbal plants processing centre set up

Youth entrepreneur Nityananda Dahal has established a herbal processing centre at Pyang in Mai Jogmai Rural Municipality of Ilam. He established Oceanic Herbal Processing Centre at the investment of Rs 1.6 million. The objective is to produce oil with medicinal values from the herbal plants available at local forest and private land. 

by RSS | Oct 29
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Microsoft now most Valuable US Company, Amazon Takes A Fall

Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization. Apple Inc tops the list at over $1 trillion after crossing that threshold in September.

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Paddy production to rise by 10% in parbat

The paddy production in Parbat district is forecasted to increase by 10 percent this year compared to the last year, according to the Agricultural Knowledge Centre, Parbat. Parbat district had also witnessed good paddy production last year compared to the previous year.

by RSS | Oct 26
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Oranges worth 20 million destroyed by Hailstone

The hailstones coupled with rain occurred in Syangja has destroyed orange worth Rs 20 million plus in different areas of the district. The hailstones occurred in wards 10, 11, 13 and 14 of Putalibazaar Municipality and Bhirkot Municipality-1 destroyed around 509 metric tonnes of oranges in the district.

by RSS | Oct 25
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WB provides Rs 23 billion concessional loan

The World Bank has decided to provide around Rs 23 billion concessional loan to Nepal for the implementation of financial and energy sector reform policy. An agreement in this regard was reached during the ongoing annual meeting of the World Bank and International Monetary Fund (IMF) at Bali of Indonesia.

by RSS | Oct 11
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East-West Highway Being Supported by Asian Development Bank Via Loans

Asian Development Bank (ADB) has approved a loan of $180 million to support Nepal's East-West Highway.  The highway is Nepal's most important trade route. Johan Georget, a transport specialist expressed some thoughts on the matter saying...

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ADB to provide 180 million US dollar loan to Nepal

The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway. A meeting of the Board of Directors of the Asian Development Bank held in Manila today took the decision

by RSS | Oct 04
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NEPSE index suffers modest dip

The Nepal Stock Exchange (NEPSE) index today suffered a slight dip of 3.23 points to close at 1,227.37. The sensitive index, which measures the performance of class 'A' stocks, also went down by 0.82 points to rest at 260.24. Over 1.58 million shares of the total 165 companies were traded at more than Rs 428 million. Shares of banking

by RSS | Oct 04
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Demand for Nepali handmade paper rising

With the increasing demand for the indigenous Nepali handmade paper, a Nepali paper industry has increased its capacity to meet the demand. Shukla Gandaki Nepali Paper Industry, established three years ago at a cost of Rs 10 million, at Shukla Gandaki municipality-4 of Tanahun district, has increased its capacity investing additional Rs 10 million on it. 

by RSS | Oct 04
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Domestic share market again on bearish run

The domestic share market suffered a two-digit fall today. Though it recorded a slight increase Tuesday, the Nepal Stock Exchange (NEPSE) Index Wednesday slid 10.76 points to close at 1230.60 points. The NEPSE stated the sensitive index that measures the share values of 'A' class companies, fell 2.39 points to sit at 261.1 points.

by RSS | Oct 03
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Foundation stone laid for Rastra Bank's building

Reconstruction of a Nepal Rastra Bank's building damaged in the earthquake of April 2015 has started as its foundation stone has been laid today. The building would be reconstructed in its original design, and covers over 42 ropanis of land in the Thapathali premises of the Bank, said a Bank official.

by RSS | Sep 21