business

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Jyoti Life Insurance opens 2 new branches

Jyoti Life Insurance has opened two more branches at two different places with an aim to expand its service. The company said it has opened one branch each at Sukedhara, Kathmandu, and Charikot of Dolakha district on Thursday, April 19.

by Bishal Deep Basnet | Today, 06:11 PM
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Political leaders ignore Myagdi copper mine: Will it ever re-open?

The copper mine at Myagdi in Malika Rural Municipality still remains closed.  Recently, political leaders of many parties pledged to have the copper mine reopened, but the mine has been ignored to date. Political leaders wanted the mine to be open since the beginning of the recent election campaign. 

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Mi Nepal Launches Showroom in Biratnagar

Vatsal Impex Pvt Ltd has opened a showroom of MI brand materials in Biratnagar. The showroom was inaugurated by President of Morang Trade Association, Pawan Kumar Sarad, on Wednesday, April 18. Xiaomi entered the Nepali smartphone a couple of years back and it has already become a household name.

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Nepal's economic growth to fall by 2%, says World Bank

World Bank has completed its bi-annual South Asia Economic Focus (SAEF). And the results say that Nepal will face deadly economic results in the next three years. World Bank has predicted that Nepal's economic growth rate will fall to 4.6%, which is 2.9% less than last year. 

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SEBON introduces online system for buying/trading/selling shares

The Securities Board of Nepal (SEBON) has started the process of buying, selling, and trading shares online. This was brought into the table in 2017, and has finally been approved and is now in effect.  Online share purchasing, selling, or buying in Nepal has been made much more convenient with this method. 

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Petrol, Diesel and Kerosene prices hiked, says NOC

Nepal Oil Corporation has increased the price of petrol, diesel and kerosene again for the second time this month.  NOC is having a hard time adjusting with the international market prices of the fuels so the prices are being hiked. Since almost all of Nepal's fuels come as imports, NOC has no choice but to hike the prices...

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Nepal Rastra Bank releases rules on Digital Payment System

The digital payment system has recently been getting attention from Nepal Rastra Bank. But this process is taking quite a long time since there are many holes that NRB needs to make sure are closed. NRB's most recent move is the issuance of a circular to regulate digital payment under electronic wallets, card facilities, and mobile banking.

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'Berger ko ATM' offer from Berger Paints: Win cash rewards

Berger Paints Nepal has announced an offer on the occasion of the New Year 2075. Its' new offer called 'Berger ko ATM' is meant to get the home of its customers some great cash rewards.  In this offer, house owners may win up to Rs 3 million. To participate in this offer...

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Janata Bank opens new branch office in Kohalpur, Banke

Janata Bank has started operation of its branch in Kohalpur, Banke from Monday, April 16. This is Janata Banks' 108th branch in Nepal and the 2nd branch in Banke.  Janata Bank, with the opening of their new branch, said, Customers can get modern banking services, remittance services, and bancassurance from the branch.

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NIC Asia Bank offers 5-50% discounts throughout 2075

NIC Asia Bank has said that it will be offering discounts to the customers who use debit and credit cards of NIC Bank.  This offer has been put out by NIC Asia Bank to celebrate the new years. However, this offer will be valid throughout 2075.

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Foreign investors register 194 industries

As many as 194 industries with foreign investment have been registered at the Department of Industry during first eight months of the current fiscal year. According to the information provided by the Department, 10 large-scale, four medium-scale and 180 small-scale industries have been registered till March 14.

by RSS | Apr 16
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Foreign Investment in Nepal boosts up by 230%

Nepal has been a target for foreign investors in the recent months. But the current fiscal year has probably been the brightest day for Nepal in terms of foreign investment. There has been an increase of 230% in foreign investment pledges in Nepal in this fiscal year. In total,

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Government of Nepal intends to shut down Gorkhali Rubber Udhyog

The government of Nepal has given the responsibility of deciding Gorkhali Rubber Udhyog's fate to the Ministry of Industry, Commerce, and Supplies (MoICS).  Gorkhali Rubber Udhyog is a tyre producing company which has been pretty much inactive since 2012.  The Ministry of Finance recently asked the MoICS to conduct studies on the company.

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Nepse continues to decline; Index falls by 51.89 points

Nepal Stock Exchange (Nepse) index continues to fall down the steep hill. NEPSE index has fallen by 51.89 points on Monday. The market's indices extended losses by 4.25%. The Nepali stock market has been under quite a lot of pressure the past few weeks. 

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Federation of Nepal Gold and Silver Dealers & Jewelry Merge

The Federation of Nepal Gold and Silver Dealers' Association and the Federation of Nepal Gold, Silver, Gem and Jewellery Association have signed an agreement to merge both the organizations.  These 2 organizations are basically doing the same job, so it makes perfect sense for them to merge. 

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Birgunj ICP handed over to NITDB by Government of India

The Integrated Check Post (ICP) at Birgunj has been handed over to the government of Nepal by the government of India today. This will help the trading and passenger traffic at the Birgunj ICP be smooth from a single place.  The Consul General of India to Nepal, BC Pradhan, was in charge of handing over the ICP under the assistance...

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Start-ups in Nepal facing difficulties because of inadequate IPR laws

Intellectual property rights (IPR) refer to the legal rights owned by individuals and organizations on inventions, designs, goods and other creations produced by intellectual activity in the industrial, scientific and artistic fields. Nepal is currently under massive need of political movement. Not only that, but Nepal's also suffering from low economic and social development.

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Little Things: A Hub For Unique Gifts in Nepal

Happiness comes in little things. Well, Little things is an unique name to carry out venture with, isn’t it? It is situated on Sanepa Height, Jhamsikhel, which assemble people into same place via extraordinary gifts, cards and presents. Moreover, you can find adorable greetings in heartwarming words within cards, mugs, T-shirts and many more.

by Alisha Shrestha | Mar 25
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POS machines introduced in Nepal: Foreign Currency Exchange made easier

Tourists that are in Nepal can now exchange Nepali currency from Point of Sales (POS) machines using their international cards. POS machines will be making the exchange procedure much easier.  Travelers in Nepal had to carry cash around to exchange their currency before the introduction of the POS machines. And they were ruled from carrying more than $2500.

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'Investment Opportunities in Hydropower Projects' Seminar held in Beijing

The 'Investment Opportunities in Hydropower Projects in Nepal' seminar was recently held at the Embassy of Nepal in Beijing on Friday. The program brought Chinese investors, to attract them towards Nepal's hydropower sector.  Over 80 participants were present at the seminar. Including representatives of the National Energy Administration of the People's Republic of China, and public and private sector companies.