business

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Sagarmatha Cement: One of the strongest cements in Nepal

Sagarmatha Cement was officially launched in June 2013, by Ghorahi Cement Industry. Sagarmatha OPC complies with Nepal Standards and it was at the time working for international recognition by obtaining the ISO 9001 certification. Sagarmatha Cement is known for its strength which ranges from 55-60 megaPascals. A cement with 53 megapascals is considered to be of high grade. So...

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NEPSE declines by 1.93 points

Nepal Stock Exchange index today decreased 1.93 points to close at 1,239.26. Likewise, the sensitive index that measures performance of class 'A' stocks dipped 0.64 points to sit at 260.47. The total 947,393 shares of 160 companies were traded at over Rs 299 million. Shares of three subgroups increased however.

by RSS | Jun 12
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11 companies preparing to issue rights share worth

Various 11 companies are preparing to give rights issue to their shareholders. They have planned to issue 75,470,240 units of rights share in total equivalent to over 7.5 billion. According to the Securities Board of Nepal, 11 companies including four micro finances have applied in the Board for the rights issue.

by RSS | Jun 12
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Commercial Banks can now borrow from Indian Banks: NRB

The government of Nepal is currently working on making provisions for commercial banks that will allow them to borrow Indian currency to bring into the country to invest in sectors. Nepal Rastra Bank previously only allowed private sector projects to borrow Indian currency and banks couldn't borrow Indian currency from Indian banks. 

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HAN to end 2-year-long dispute with Nepal Tourism/Hotel Association

The Hotel Association of Nepal (HAN) and the Nepal Tourism and Hotel Labourers Association have finally ended their 2-year-long dispute.  The dispute was going on between the two regarding the sharing of service charges raised from customers. An agreement will be signed today that will decide the new structure. 

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NEPSE dips by double digit

The Nepal Stock Exchange index today decreased 25.68 points to close at 1257.07. Likewise, the sensitive index has also dipped by 5.47 points. A total of 1,441,277 shares of 166 companies were traded at over Rs 468 million. Banking share value decreased by 20.75 points while for hotel it was by 39.39, development bank 24.45, and hydropower 35.59 points.

by RSS | Jun 07
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Capital Gains Tax on bonus/right shares being reset: Finance Minister

Finance Minister Yubaraj Khatiwada has given assurance to investors regarding their demands of rolling back the new capital gains tax rule. This move from the Finance Minister will bring an end to the protests from investors' from the entire country.  Regular trading in NEPSE will be starting as per usual after the Ministry drafts a formal letter to the Inland...

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NEPSE hit by zero trading due to share holders' protest

Nepal Stock Exchange (NEPSE) did not record any trading today due to an agitation by stock traders to protest the government's decision to revise the capital gains tax threshold on the sale of bonus and rights shares. NEPSE's Spokesperson Murahari Parajuli confirmed the zero trading. The traders have reached the Stock office where they staged demonstration in protest.

by RSS | Jun 05
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Gyanendra Malla appointed as the new brand ambassador for eSewa

Nepal's national cricket team's vice-captain Gyanendra Malla has been appointed as the brand ambassador of eSewa.  eSewa is an online payment service that people can use for many types of payment. The agreement signed is a 1-year contract. The President of F1 Soft International (promoter of eSewa) Bishwas Dhakal was signing the agreement with Gyanendra. 

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Padlock in Solu Hydropower field office ends after 11 days

The field office of Upper Solu Hydropower Company that was padlocked for past 11 days has been opened on Tuesday. The local residents had padlocked the field office of the project after the latter issued its share in the name of the political parties.

by RSS | May 30
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How to create a bank account for Mega Bank online

Mega Bank has brought a new and savvy trend to the banking world in Nepal. Now you can create a new bank account for Mega Bank from anywhere in the world. This is exciting news for lazy people such as myself. It doesn't matter where you live, as long as you are eligible, you can create a bank account. 

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2 new branches opened by Laxmi Bank at Rukum

Laxmi  Bank Limited has opened new branch offices at Dhorchaur of Salyan and Tribeni rural municipality of Rukum. With these new branch offices, the number of branches in the bank's network has reached 84.

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Now open a bank account online from anywhere

The Mega Bank Nepal Limited has introduced an innovative service, whereby the perspective and eligible customers, both Nepalese Residents and Non-Residents can open new Bank account(s) from anywhere in the world. This service makes it easy for new customers to open their account without visiting the Bank from the comfort of their home or even when they are on-the-move.

by RSS | May 23
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Nepse index tanks by 4.31 points

The Nepal Stock Exchange continued to fall today with the index decreased 4.31 points closing at 1332.82. Likewise, the sensitive index has also tanked by one point. The total 1,047,843 shares of 160 companies worth Rs 538 million were traded. Hotel saw an increment of its share value by 2.93 points, while production sector 5.85

by RSS | May 22
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Action against taxis not installing printer metres

The Nepal Bureau of Standards and Metrology has started taking action against the taxis operating without installing the printer metre. The Bureau has swung into action against such taxis flouting the Bureau's notification to install printer metre and not renewing with it for long. Although 10,600 taxis are registered with the

by RSS | May 21
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Presence of commercial banks in 424 local levels

The commercial banks have shown their presence in 424 out of the 753 local level governments in the process of implementing federalism as of mid-April 2018. It was revealed in the current macroeconomic and financial situation of Nepal based on nine Months' data of 2017/18 released by Nepal Rastra Bank on Thursday. 

by RSS | May 18
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Call for pursuing prosperity through small industry development

Minister of Province 1 for Industry, Tourism, Forest and Environment Jagadish Prasad Kusiyat stressed the need for pursuing economic prosperity by developing small industries. "The provincial government will help create employment opportunities by utilising local raw-materials," he said at an orientation in 'model of development

by RSS | May 17
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Nepal being given 180 million by India for training works

Ambassador of India to Nepal, Manjeev Singh Puri, today handed over a cheque of NRs. 180.74 million to Dr. Sanjay Sharma, Secretary, Ministry of Energy, Irrigation & Water Resources, in the presence of Minister, Mr. Barsha Man Pun. The amount is toward India’s contribution for river training and construction of embankments along...

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Cabbies in Pokhara undergo hospitality training

The cabbies in Pokhara have gone through hospitality training under a programme aimed at giving them basic tourism related lessons. Around 70 taxi drivers were given the training as they are the first to come into contact with tourists, Nepal Tourism Board, Pokhara Office Chief Surya Thapaliya said. "The cabbies

by RSS | May 15
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NIC Asia Bank sets up branch in Baikunthe

The NIC Asia Bank has set up a branch at Baikunthe aera of Ram Prasad Rai rural municipality. Bank's Branch Manager Chandan Katuwal said that the branch was established with an aim to bring about an ease in economic transaction and provide financial services at the doorsteps of the members of the general public.

by RSS | May 15