Business

ZTE obtains 25 commercial contracts in 5G globally access_timeJune 25

SHENZHEN–Chinese telecommunications company ZTE Corporation said on Tuesday that it had obtained 25 commercial 5G contracts globally. The company said it cooperated with 60 mobile operators in the field of 5G, partnering with firms including C...

Banks yet to reach at four local levels in Dolpa access_timeJune 25

Jajarkot–People of four local levels in Dolpa have been deprived of banking facilities at their locality. Dolpo Budhha rural municipality, Shey Phoksundo rural municipality, Chharka Tangsong rural municipality and Kaike rural municipality do not ...

8% economic growth possible: Finance Minister Dr Khatiwada access_timeJune 23

Kathmandu– Finance Minister Dr Yubaraj Khatiwada has said it was possible for the country to achieve 8 percent economic growth rate in the coming fiscal year. In response to the queries raised by the lawmakers on the appropriation bill, the Fi...

Cuba to hold business forum to attract EU investment access_timeJune 21

HAVANA–Cuba will host a business forum to boost foreign investment inflows especially from the European Union (EU), Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca said on the social platform Twitter on Thursday. EU's Co...

Ncell announces winners of ‘Call Aayo Paisa Payo’ campaign access_timeJune 21

Kathmandu–Ncell Private Limited announces the winners of ‘Call Aayo Paisa Payo’ campaign. Under the campaign, Ncell has handed over smartphones to 10 lucky customers of the first 4 weeks of the campaign. The campaign was launched o...

BHEL wins Rs 800 crore orders for 200 MW solar power plants access_timeJune 17

NEW DELHI–Bharat Heavy Electricals Limited's (BHEL) solar photovoltaic (SPV) portfolio has surpassed one gigawatt with the company winning two orders for setting up SPV plants with a cumulative capacity of 200 megawatt. Valued at over Rs 8...

State 3 government to present FY 2019/20 budget on June 16 access_timeJune 13

Hetauda–The State 3 government is scheduled to table the budget for the fiscal year of 2019/20 in the State Assembly meeting scheduled for June 16, according to the private secretariat of the State government Minister for Economic Affairs and Pla...

Cement industry with domestic capital starts production access_timeJune 7

Hetauda–The Rhiddhisiddhi Cement Industry established with domestic capital at Ratomate of Hetauda Sub-metropolis, Makwanpur has started production. The industry presently produces 20 thousand sacks of cement on a daily basis in first phase. I...

Budget has adopted goal of socialism: FM Khatiwada access_timeJune 6

Kathmandu–The government has clarified that budget for the coming fiscal year 2019/20 has been allocated in order to fulfill the goal of socialism enshrined in the constitution. Responding to queries raised by lawmakers in today’s meeting o...

Ncell 4G/LTE now covers over 1,000 locations nationwide access_timeJune 3

      Kathmandu–Ncell Private Ltd., keeping its commitment in bringing cutting edge technologies to its customers, has expanded its fourth generation (4G)/long term evolution (LTE) service in over 1,000 plus locations across...

Finance Minister Khatiwada says error in budget corrected access_timeJune 2

Kathmandu– Finance Minister Dr Yubaraj Khatiwada has said there is no inaccuracy in the annual figures of estimated revenue and expenditure of the upcoming fiscal year 2076-77 BS (2019-20). Seeking time from Speaker Krishna Bahadur Mahara in t...

Ncell brings ‘Unlimited Roaming Data Pack’ for India access_timeMay 24

  Kathmandu–Ncell customers can now enjoy worry free data roaming at more affordable rate while traveling to India. They can simply take their Ncell SIM card with them in India to use unlimited data at just Rs 100 per day and remain connect...

Two Japanese carriers postpone release of Huawei phones access_timeMay 22

TOKYO–Two of Japan's top mobile phone carriers said Wednesday they will delay releasing new handsets made by Huawei after a US ban on American companies selling technology to the Chinese tech giant. KDDI and SoftBank Corp, the country'...

48 manpower agencies face termination of online business access_timeMay 21

Kathmandu–The government has ceased the online transactions of 48 manpower companies for not updating the company details on time. The Department of Foreign Employment decided to close the online transactions of those companies that failed to ...

Trade deficit jumps up 24 per cent access_timeMay 16

Kathmandu– Nepal has seen ballooning trade deficit of billions of rupees annually as it failed to adopt export-oriented economic policy. As per the preliminary statistics released by Trade and Export Promotion Centre, the trade deficit has now re...

Vodafone logs 7.6-billion-euro annual loss access_timeMay 14

LONDON–British telecoms giant Vodafone announced Tuesday that it recorded a vast annual loss of 7.6 billion euros ($8.5 billion), hit by the sale of its Indian assets. The loss after tax in Vodafone's 2018/2019 financial year to the end of...

Ncell brings ‘Travellers’ SIM’ with voice and data packs access_timeMay 14

Kathmandu– Foreigners visiting Nepal from different parts of the world can now enjoy exclusive telecommunications service through Ncell’s ‘Travellers’ SIM’ bundled with voice and data packs. Ncell Private Limited has in...

Asian markets plunge as Trump threatens to hike China tariffs access_timeMay 6

HONG KONG– President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shangh...

Local governments start discussion on budget formulation access_timeMay 2

Balewa–Local governments based in Baglung district have started consultations with stakeholders in course of the formulation of policy and budget for upcoming year. The first round discussion has been initiated in a way to unveil the policy an...

Nepali sugar finds difficult to get market access_timeMay 2

Nawalparasi– Domestic sugar product worth amounting to millions of rupees has been stocked for long in lack of market. Sugar mills in west Nawalparasi are struggling enough to clear their stock due to market competition, said entrepreneurs. It...