Business

Goldfish International Pvt. Ltd. announces its partnership with SML ISUZU Limited, India. access_timeNovember 16

 India –. Gold Fish International Pvt. Ltd. is a subsidiary of Laxmi Group and is now authorized distributor of SML ISUZU vehicles for Nepal. With this partnership, Goldfish International Pvt. Ltd.  enters into commercial vehicle indu...

Nepal and World Bank sign two agreements access_timeNovember 14

Kathmandu –The Government of Nepal and the World Bank have signed two agreements totaling US$ 155.7 million (equivalent to 18 billion Nepalese Rupees) today.  The amount would be invested in the construction and maintenance of safe, res...

SoftBank unveils massive $21 bn IPO of Japan mobile unit access_timeNovember 12

TOKYO –Telecoms giant SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21 billion and be one of the biggest tech IPOs in years.  The IPO will help raise funds for the company as it increa...

Nepal imports electric lamps worth over 600 million this Tihar access_timeNovember 6

Chitwan – As Tihar, known as the 'festival of lights' has already begun in the country, people are busy in buying electric decorative lights across the country including in Chitwan.  Electric decorative lights worth over Rs 600 ...

Stock market formally switching to online system from tomorrow access_timeNovember 5

Kathmandu – The domestic stock market is formally switching to an online system.  Nepal Stock Exchange (NEPSE) is starting the online trading based on a fully automated system from tomorrow on the direction of the Securities Board of Nepal ...

Revenue collection by Birgunj customs office exceeds target access_timeNovember 4

Parsa –The revenue collection by the Birgunj Customs Office in the past three months of the current fiscal year exceeded the target. The office gathered over Rs 43.19 billion in revenue in this period against the target of Rs 37.75 billion. As to...

Apple delivers strong profits, but investors punish shares access_timeNovember 2

SAN FRANCISCO –Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells.  The California-based technology gian...

Trump, Xi eye G20 talks after 'very good' phone call access_timeNovember 2

WASHINGTON –US President Donald Trump said Thursday he had "very good" talks with Chinese leader Xi Jinping on the trade conflict between the two economic giants, and meetings were being planned at the G20 summit at the end of this mont...

New tea processing industry set up in Jhapa access_timeNovember 1

Bhadrapur, Jhapa – A tea processing industry has been established in Jhapa. Small Farmers Tea Production Cooperatives, Haldibari set up the industry at a cost of Rs 110 million with a 50 per cent subsidy from the government.  The indust...

Locals get upto 102 units share of Upper Tamakoshi access_timeNovember 1

Charikot – Upper Tamakoshi Hydropower Project has allotted its share in initial public offering (IPO) to the project affected people in Dolakha district, Dr Ganesh Neupane, Spokesperson of the Company said.  Based on the application, th...

Budget implementation faces challenges galore access_timeOctober 31

Dhangadhi –Owing to late transfer of some of the agencies obliged to implement budget policy and programme to province government, the execution of province government’s current fiscal year budget is likely to face challenges galore.  ...

Local governments agree to promote diary industry access_timeOctober 31

Terhathum –Local governments of the district have shown interest to open diary processing industries.  People’s representatives from all the local governments in Terhathum have agreed to operate milk processing industries to encourage...

Sony nearly doubles first-half net profits, upgrades forecast access_timeOctober 30

TOKYO – Sony on Tuesday announced its six-month net profit had nearly doubled from last year to a new record, and upgraded its annual forecasts, with games and movies leading the way.  The electronics and entertainment giant said April-...

Int’l symposium on poultry production kicks off in Chitwan access_timeOctober 28

Chitwan – The International Poultry Symposium kicked off in Chitwan today. "Meeting poultry demand for food safety and security is the theme of the vent organised jointly by the Agriculture and the Faculty of Forest University and Animal Sci...

Japan, China strike deals during Abe visit as ties improve access_timeOctober 26

BEIJING – Japan and China signed $2.6 billion in business deals and touted their warmer ties on Friday during a rare visit to Beijing by Japanese Prime Minister Shinzo Abe as both face trade challenges from US President Donald Trump.  P...

Nepal sees trade deficit with 112 countries access_timeOctober 26

Kathmandu –A data has revealed that Nepal has a trade deficit with 112 countries of the globe. According to the recent three months data disclosed by the Department of Costums, Nepal has trade surplus with only 28 countries and deficit with 112 c...

Paddy production to rise by 10% access_timeOctober 26

Parbat –The paddy production in Parbat district is forecasted to increase by 10 percent this year compared to the last year, thanks to timely plantation of paddy seedlings, good rainfall and favourable weather condition, according to the Agricult...

WB provides Rs 23 billion concessional loan access_timeOctober 11

Kathmandu –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 mee...

Pak approves Saudi investment in Gwadar access_timeOctober 5

Islamabad,Pakistan –Pakistan's federal cabinet on Thursday gave its approval to Saudi Arabia for establishing an oil refinery in the port city of Gwadar.  "The cabinet has approved the draft of memorandum of understanding (MoU)...

ADB to provide 180 million US dollar loan to Nepal access_timeOctober 4

Kathmandu –elopment 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 Hi...