business

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Technicians for post-quake reconstruction up in arms affecting work

Technicians deployed for the post-quake reconstruction being up in arms has affected reconstruction work. Administrative work of all 11 local levels in the district has halted. As a result, recommendation for the release of tranches of housing grant and survey of building new houses among others have stopped due to the strike by the technician staff, said the locals. 

by RSS | Mar 15
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Minister Yadav directs for regular market monitoring

Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav, has directed employees for regular market monitoring. In his address to a programme organized by the Department of Commerce, Supply and Protection of Consumers on the occasion of the World Consumers Rights Day today, the minister urged the market monitoring employees to include market monitoring in the monthly calendar and follow

by RSS | Mar 15
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Nawalpur to be developed as industrial corridor

Chief Minister of Gandaki State, Prithvi Subba Gurung has underlined the need to develop Nawalpur as an industrial corridor. "Nawalpur is one of the important districts to propel prosperity in the Gandaki State. We have initiated framing plans putting entrepreneurship and industry on priority".

by RSS | Mar 13
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Modern technology-based agriculture stressed

State-1 Minister for Social Development Jeevan Ghimire has stressed the need on the use of modern technology so as to attract youths to agriculture profession. He said this while inaugurating the state-level interaction organised here on Tuesday by the government-formed taskforce for human resource projection and development planning.

by RSS | Mar 13
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Bharatpur airport intensifies instruments management

The expansion of physical infrastructure and equipments management has gained pace at Bharatpur airport. New inevitable equipments have been installed at the airport while infrastructural expansion works are also underway. Pawan Kumar Gautam, Chief, Civil Aviation Authority, Bharatpur,

by RSS | Mar 11
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Allo products alluring visitors in festival

The products made up of Allo thread and fiber have allured visitors in the 15th International Industrial Trade Fair and Cottage Industry Festival- 2019 underway at Bhrikutimandap in the federal capital. People's attraction has increased on Allo-made coat, waist coat, jwari coat, cap, sandal, shoe, shawl and bag. 

by RSS | Mar 10
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Nabil Bank launches NFC based payment system

Nabil Bank, one of the biggest banks in Nepal, is now announcing the launch of contactless Near Field Communication based payment.  They recently released an EMV chip-based card system, which lets its customers do online shopping and whatnot quite conveniently.  During the announcement, the bank said that it was pleased to be the first bank to open...

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Laxmi Bank opens new branch at Nayabazar, Kirtipur

Laxmi Bank has opened its 99th branch office in Nayabazar, Kirtipur. The branch will offer a full range of retail banking services customized to meet the needs of individuals and small businesses, says a statement issued by the bank. Laxmi Bank is currently providing services through 99 branches, five hospital service counters, 112 ATMs.

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Pre-investment summit receives encouraging response in Beijing

In its attempt to lure more Chinese investors and enterprises in Nepal as well as to prod the Chinese investing firms for their participation in the upcoming Nepal Investment Summit scheduled next month, the Embassy of Nepal in Beijing organised a pre-summit conference on Nepal Investment Summit on Monday.

by RSS | Feb 26
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Agriculture development bank to provide subsidized loan

The Agriculture Development Bank is set to provide subsidized loan without any collateral. A memorandum of understanding to this effect was signed among the Ministry of Land Management, Agriculture and Cooperative, Gandaki Province and Agriculture Development Bank Limited regional office Pokhara on Thursday. 

by RSS | Feb 22
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Qatar's real-estate market faces reality check ahead of World Cup

Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty. The office tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an

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Illegal crusher industries shut down

The District Coordination Committee, Mahottari has begun shutting down the sand and stone quarries running illegally in the district. As of Saturday evening, 12 such crusher industries have been shut down in and around the Bardibas, Gaushala, Bhangaha and Aurahi town areas.

by RSS | Feb 17
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A farmer earns Rs 1 million from rose farming

With the celebration of 'Valentine Day' gaining popularity in Nepal, the demand of 'Red Rose' on the occasion has also gone up. However, Nepal itself has very small scale of production of the rose mostly used on Valentine Day. There are handful farmers in Nepal who have been cultivating rose in a commercial manner.

by RSS | Feb 14
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40% work of Upper Bhotekoshi Hydro project over

The Upper Bhotekoshi Hydropower Project that suffered badly from the natural disasters and faced five years of closure has now grasped the momentum in its reconstruction bids. Authorities said that around 40 per cent of the reconstruction works of the project have been completed so far. 

by RSS | Feb 08
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Jajarkot honey finds international market

The honey produced at Kalpat of Nalgad municipality-1 here is to be exported to the international market. A local Nahakuli Organic Herbal Agro Pvt Ltd is exploring the market for the honey harvested in this winter and arranging to export 2,000 kilogrammes of the same to Australia, America, Dubai and Korea. 

by RSS | Feb 07
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Himalayan Urja gets permission to issue IPOs

The Securities Board of Nepal (SEBON) has granted permission to the Himalayan Urja Bikash Company Ltd to issue the initial public offerings (IPOs) worth Rs 148.5 million. The company has a permit to open 1,485,000 units of share for public offering at Rs 100 per unit. Nabil Investment Banking Limited is the issue manager. 

by RSS | Feb 05
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Tourism entrepreneurs in Siliguri to promote Pokhara

The local tourism entrepreneurs have gone to Siliguri, India for publicizing Pokhara in the north-eastern region of India. The delegation comprises 22 entrepreneurs. The tourism entrepreneurs have reached Siliguri in the context of facilitating trade among the entrepreneurs between Nepal and India, and with the growing number of Indian visitors from the north-east parts visiting Pokhara every year. 

by RSS | Feb 05
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With investment of Rs 200 billion, Nepal becomes self-reliant in

With huge amount of national and foreign investments in cement industries, Nepal is self-reliant in cement production this year onwards. According to industrialists, cement industries have received the investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion. 

by RSS | Feb 01
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Business community demands slash in interest rate

The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) on the borrowers. They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.

by RSS | Feb 01
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GRHPL issuing IPO next week

The Greenlife Hydropower Limited (GRHPL) will be issuing initial public offerings (IPOs) of worth Rs 180 million next week. As the company said today, 1.8 million units of ordinary shares will be issued for public from February 5 to 19. The deadline will be extended to till March 19 if the issued number of shares

by RSS | Jan 29