August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar.…
August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar.…
August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a…
August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program to its…
August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last…
August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio…
August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and…
August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the…
August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59…
August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials.…
August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector…
August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not implementing Public Procurement Act as it is. The federation has created upset claiming the provision mentioned by Public Procurement Act has not come into effect.…
August 22: In the wake of complaints from investors of delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days…
August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company…
August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs…
August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4257', 'article_category_id' => '1', 'title' => 'Hyundai Announces Winner of 'Dashain Tihar Get Set Go'', 'sub_title' => '', 'summary' => 'August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The', 'content' => '<p style="text-align: justify;">August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The company informed that the winners were announced through lucky draw system.</p> <p style="text-align: justify;">Under the offer, the buyers of Hyundai vehicles got discount up to Rs 600,000 and insurance facility of one year. Similarly, the company has kept the prize of Samsung Galaxy S6 for 53 customers and Hyundai Creta as bumper prize. The company announced that Sumi Shrestha from Butwal won the bumper prize Hyundai Creta.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4090', 'image' => '20160824012502_hyn.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4256', 'article_category_id' => '1', 'title' => 'Ncell Prepares to Operate 4G Data Service', 'sub_title' => '', 'summary' => 'August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.', 'content' => '<p style="text-align: justify;">August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.</p> <p style="text-align: justify;">According to Perkins, the company is preparing to start 4G services after the permission from the regulatory body. Perkins informed that the company has submitted application for required permission and to add additional frequency to 1,800 MHz bandwidth in a bid to operate 4G services as per the modified frequency policy by the government. The company stated that it will provide 4G services within two months if permitted by the government. </p> <p style="text-align: justify;">Earlier, the company announced to invest Rs 12 billion in telecom infrastructures to remote and rural areas. The company informed that the investment will be used in developing the capacity of networks in city areas as well. Currently, Ncell is providing data service and 3G network services in 75 and 63 districts of the country respectively.</p> <p style="text-align: justify;">The company has been providing 21 MB per second data service under 3G network to the customers of Kathmandu valley and Sagarmatha areas. The company is planning to advance the network in other cities outside the valley consecutively.</p> <p style="text-align: justify;">The company claims that 5,638,000 customers are using its internet services. It also expects that the users under 3G and 4G networks will increase in coming days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4089', 'image' => '20160824011135_cell.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4255', 'article_category_id' => '1', 'title' => 'CG Dealers in Thailand Visit', 'sub_title' => '', 'summary' => 'August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program to its ', 'content' => '<p>August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program for its' dealers. Under the slogan' Enjoy & Have a Great Trip to Thailand 2016', the company has send its dealers to Thailand visit. The company has been sending LG dealers to foreign trips with the motive of providing entertainment and encouraging dealers for brand promotion of the company.</p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4088', 'image' => '20160824124710_cg.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4254', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Companies Settled 70% Claim Amount after Earthquake', 'sub_title' => '', 'summary' => 'August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last F', 'content' => '<p>August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last FY. “The settlement of 70 percent of the total insurance claim amount within a year is satisfactory,” said Raju Raman Poudel, Director of IB. The claim amount equivalents 91 percent of the total number of claims received by the general insurance companies. The general insurance companies received a total of 17,840 claims after the earthquake among which 16,286 claims were verified for payment. </p> <p>According to the IB statistics, insurance companies received claims for the compensation worth Rs 16.17 billion under which they have paid Rs 11.75 billion by the end of the last FY. Moreover, the board informed that the insurance companies received Rs 6.79 billion compensation due from the claim amount paid from the re-insurance companies during the period. </p> <p><br /> The board exemplify that the insurance companies has paid the claim amount under various headings. The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 7.79 billion. Similarly, Rs 170.8 million has been paid under vehicle insurance claims followed by engineering claims of Rs 630 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p> <p><br /> Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. The board clarified that among the total number of insurance claim made 999 claims submitted at insurance companies are big, controversial and complicated. The companies have not been able to receive survey reports of these claims till date. These big companies include apartments, shopping malls and hydropower companies. “The big companies’ claim are bit complicated, thus will be settled after some times,” said Poudel. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 3.73 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 166 claims for Rs 72.2 million. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4087', 'image' => '20160824121842_DATA.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4253', 'article_category_id' => '1', 'title' => 'NT Expands Microwave Radio Link across the Country', 'sub_title' => '', 'summary' => 'August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link', 'content' => '<p style="text-align: justify;">August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link in Humla district on Saturday (August 20), the service has reached all the districts of Nepal. Earlier, the company had provided microwave radio link to 72 districts of Nepal. Recently, it has extended the link to remaining districts namely, Humla, Mugu, Dolpa.</p> <p style="text-align: justify;">With the expansion of the microwave radio link, Nepal Telecom subscribers will be benefited by improved connectivity in landline, GSM, CDMA, ADSL and EVDO internet services.</p> <p style="text-align: justify;"> According to the Nepal Telecom, the company can expand its 3G and WiMAX services in the region through this microwave radio link.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4086', 'image' => '20160823035808_ntc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4252', 'article_category_id' => '1', 'title' => 'TBC organises 1st Inter-College ESports Championship 2016', 'sub_title' => '', 'summary' => 'August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exc', 'content' => '<p style="text-align:justify">August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exciting ESports festival with the bonus of prizes and rewards for the successful teams.</p> <p style="text-align:justify">ESports Championship was officially inaugurated by Arun Lal Joshi (Associate Dean, IT and Computer Science of The British College). “This type of competition provides a platform for current gamers to network, and gives individuals who wish to join the movement a chance to get involved and improve their skills and TBC is always ready to promote such events in Nepal,” said Joshi.</p> <p style="text-align:justify">According to the college, the championship is organised by The British College IT Club; planned and run by students under the leadership of Pratik Gautam, BSc Computing student. The students have transformed TBCs conference hall into a gaming hub, fitted with computers and gaming systems with the addition of a merchandise stand. The championship is being participated by approximately 40 colleges and 1000 participants.</p> <p style="text-align:justify">The college informed that the focus of the championship will be three games including FIFA16, Counter Strike- Global Offensive (CS-GO) and DOTA 2. “All three are strategic games which test competitors gaming talents and tactical ability. CS-GO and DOTA 2 are team challenges so further test competitor’s ability to coordinate with their fellow gamers,” reads the statement.</p> <p style="text-align:justify">The winners of the Championship will get rewarded with lucrative cash prizes. Under the category FIFA 16, winner will be provided with Rs 20,000 while first and second runner up will receive Rs 10,000 and Rs 5,000 respectively. Similarly, CS-GO winner and first runner up will receive Rs 20,000 and Rs 10,000 respectively. Likewise, DOTA 2 winner, first runner up and second runner up will receive Rs 30,000, Rs 20,000 and Rs 10,000 respectively. Moreover, all the winners will be provided with medals and certificates in the championship.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4085', 'image' => '20160823035126_tbc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4251', 'article_category_id' => '1', 'title' => 'CG Aiming High in Foreign Land', 'sub_title' => '', 'summary' => 'August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the ann', 'content' => '<p style="text-align:justify">August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the announcement issuing a press statement on Monday August 22.</p> <p style="text-align:justify">"I have a day-dream since childhood to open first Nepali multinational company. I have reached this point of my life by chasing that dream."Chaudhary said.</p> <p style="text-align:justify">At present, Chaudhary is in USA tour to discuss commercial success with Nepali communities of various places through local chapter of Non-resident Nepali National Coordination Council of USA. In order to expand investment of CG, He has been encouraging uprising Nepal youths having new concept to open company in Silicon Valley through venture capital. “Nepali youths have ability to change the world. I will support your new concept and plans that will settle and establish Nepali youths in Silicon Valley,” said Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4084', 'image' => '20160823013038_chau.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4250', 'article_category_id' => '1', 'title' => 'BFIs Earn 5.25 Billion on Foreign Exchange Transaction', 'sub_title' => '', 'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc', 'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p> <p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p> <p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4083', 'image' => '20160823122705_forex.JPG', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4249', 'article_category_id' => '1', 'title' => 'Workshop for Skill Enhancement', 'sub_title' => '', 'summary' => ' August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. I', 'content' => '<p style="text-align: justify;">August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. Issuing a press statement on Monday, Mahalaxmi Finance informed of organising seminar named 'Strategic planning for the sustainable growth of upcoming Mahalaxmi Development Bank' on August 18.</p> <p style="text-align: justify;">The program organised by Business and Development Management was participated by 21 officer level staffs of aforementioned companies. The companies are in merger process to form a single entity named Mahalaxmi Bikas Bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4082', 'image' => '20160823112425_,aja.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4248', 'article_category_id' => '1', 'title' => '3 Million Customers Added to Telephony Service within a Year', 'sub_title' => '', 'summary' => 'August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company', 'content' => '<p>August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company Ncell.</p> <p>According to the Nepal Telecommunication Authority, the number of telephone users reached 27,733,402 in the last year's May-June period which has increased to 30,749,702 in current years's April-May period. The data shows that the number of telephone users from various telecommunication companies increased by 3 million (3,016,300) during the period. Although the telecom service providers are in steep competition in increasing the number of customers, the competitive efforts for improving quality and services are not seen.</p> <p> "There has been drastic increase in number of users with the expansion of service network in urban and rural areas as well as increase in number of customers in urban areas," mention Min Bahadur Aryal, Spokesperson of Nepal Telecommunication Authority.</p> <p>Among all telecommunication companies, Nepal Telecom is in the first position in increasing the number of customers. Nepal Telecom has expanded its services to 1,790,278 new customers within one year. Similarly, Ncell is in second position in increasing number of customers with 1,120,089 added customers during the period. Likewise, last year, both the companies had around equivalent market share. Whereas, this year, the market share of Nepal Telecom has increased by 2 percent and Ncell's market share decreased by 1 percent.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4081', 'image' => '20160822052048_telecom.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4247', 'article_category_id' => '1', 'title' => 'Implement Public Procurement Act Literally: FCAN', 'sub_title' => '', 'summary' => 'August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not implementing Public Procurement Act as it is. The federation has created upset claiming the provision mentioned by Public Procurement Act has not come into effect. ', 'content' => '<p>August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not literally implementing Public Procurement Act. Objecting to the non-implementation of the provisions of the ammended Act, the umbrella organisation of contractors has demanded the government to implement the (First Amendment 2073) of Public Procurement Act, 2063. The section 9(5) of the Act has freed procurements of constructions work having investment up to Rs 20 million from any requirements.</p> <p>According to Ram Sharan Deuja, General Secretary of FCAN, currently various public bodies of Nepal are issuing tenders mentioning various qualifications. He said, "As a result, FCAN compelled to protest for the rights and welfare of more than 11,000 small contractors." </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4080', 'image' => '20160822043729_trac.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4246', 'article_category_id' => '1', 'title' => 'SEBON Directs DPs to Open Demat Account within 3 Days', 'sub_title' => '', 'summary' => 'August 22: In the wake of complaints from investors of delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and', 'content' => '<p style="text-align:justify">August 22: In the wake of complaints from investors regarding delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and provide Debit Instruction Slips.</p> <p style="text-align:justify">According to the SEBON directive, DPs should submit the application and document received from investors for dematerialization of securities to share registrar within seven days. After that, the share registrars should dematerialise the share certificates within three days after examining the documents and inform the depository participants.</p> <p style="text-align:justify">As per the directive, the registrars need to make sure that investors receive their bonus and right shares in their beneficiary accounts within three days from the listing of those shares on the stock market. SEBON has also instructed brokerage firms having DP licenses not to make mandatory for their investors to open account in their own firms. Moreover, banks and financial institutions (BFIs) working as depository participants have been asked not to force investors to open accounts from their branch offices in order to do financial transactions.</p> <p style="text-align:justify">Additionally, SEBON has also directed the depository participants and share registrars not to disclose user identification and password with unconcerned individuals.SEBON has provided investors with its hotline (1660-01-44433) to file complaints if depository participants and share registrars cause any delay.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4079', 'image' => '20160822013935_sebon.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4245', 'article_category_id' => '1', 'title' => 'Heavy Discount on Ostrich Meat ', 'sub_title' => '', 'summary' => 'August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has', 'content' => '<p style="text-align: justify;">August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has provided heavy discount on ostrich meat from August 20 availing the customers to consume superior ostrich meat.</p> <p style="text-align: justify;">According to CP Sharma, Chairman of Ostrich Nepal, the price of meat containing bones has been reduced to Rs 890 per kilogram from Rs 1,100. Likewise, the boneless meat is available at Rs 1,400 which was sold previously at Rs 1,700 in the Nepali market.</p> <p style="text-align: justify;">The ostrich meat also known as red meat contains Omega 3, 6 and 9. According to the physicians, such nutrients are helpful for good health of the human heart. As per American Heart Association and Diabetes Association, ostrich meat can be consumed by diabetes and heart patients. The company claimed that the ostrich meat helps to balance the blood pressure, cure Autism, reduce stress, Thyroid and cure diseases related to kidneys.</p> <p style="text-align: justify;">Currently, the ostrich meat is available in various outlets of Kathmandu. Sharma informed that it is available in Maharajgunj, Gongabu, Sukedhara, Bhatbhateni Store, Bigmart store, Newroad Delish Frozen house and Namaste Nepal Mart. </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4078', 'image' => '20160822125931_ostgrict.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4244', 'article_category_id' => '1', 'title' => 'IPO of RSDC Microfinance from Today', 'sub_title' => '', 'summary' => 'August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100', 'content' => '<p style="text-align: justify;">August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100. Interested investors can apply minimum of 50 units of shares and maximum of 4,000 units of shares. The company will close the share issuance early on August 24 and delayed on September 4.</p> <p style="text-align: justify;">The company has appointed NIBL capital market as its Issue Manager. Interest investors can submit their application in NIBL Capital Market along with RSDC Microfinance, Vibor Capital, Prabhu Capital, branches of various banks including Nepal Investment Bank, Gorkhas Finance, Guheshwori Merchant Banking and Finance, RSCF Finance, Nepal Community Bank, Synergy Finance, Sajha Bikash Bank and Sewa Development Bank. </p> <p style="text-align: justify;"><br /> According to the company, it has allocated 20,000 units of shares to mutual funds and 8,000 units of shares to employees. After the IPO issuance, the paid-up capital of the company will reach Rs 100 million. Nepal Rastra Bank, earlier, had directed Microfinance companies dealing in retail loan to meet the minimum paid-up capital of Rs 600 million. As per the NRB directive, the company requires to increase its paid-up capital to Rs 600 million. ICRA Nepal has granted grade 4 rating to the IPO indicating the fundamentals of the IPO issuance is below average. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4077', 'image' => '20160822120101_rsdc.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4243', 'article_category_id' => '1', 'title' => 'NADA Auto Show-2016 from Aug 30', 'sub_title' => '', 'summary' => 'August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and M', 'content' => '<p>August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and Management Services will run till September 4 at Bhrikuti Mandap Exhibition Hall, Kathmandu.</p> <p>“NADA Auto Show 2016 is an excellent platform for automobile dealers and automotive component dealers and suppliers for the presentation of new products and technologies as well as for the exchange of information and the establishment of new business contacts,” informed company organising a press conference on August 21.</p> <p> The Show will house around 125 stalls and blocks occupied by 73 exhibitors including local as well as international brands, products and services. This edition will have 16 brands of 4-wheelers, 15 brands of 2-wheelers and 5 brands of heavy commercial. Estimated 50000 guests and auto enthusiasts from all over Nepal are expected to visit the Show.</p> <p>Famous auto brands in 4-wheeler section such as Datsun, Fiat, Ford, Honda, Hyundai, Kia, Mahindra, MG, Nissan, Renault, Skoda, Suzuki, TATA, Toyota, Volkswagen, Ssangyong; in heavy commercial section such as Ashok Leyland, Eicher, Escorts, Mahindra, TATA and in 2-wheeler section such as Bajaj, Bela, Benelli, Hero, Honda, KTM, Mahindra, Royal Enfield, Runner, Scomadi, Suzuki, TVS, UM, Vespa, Yamaha will be an eclectic variants for the visitors of different age and need group.</p> <p>“The exhibition will also have stalls of financial institutions, new technological developments, auto safety technology, spare parts, lubricants, tyre, generator, garage equipments, batteries and other accessories. Nepal made automotive products will also be seen in the exhibition,” added organisers in the press conference.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4076', 'image' => '20160822114345_nada.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4257', 'article_category_id' => '1', 'title' => 'Hyundai Announces Winner of 'Dashain Tihar Get Set Go'', 'sub_title' => '', 'summary' => 'August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The', 'content' => '<p style="text-align: justify;">August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The company informed that the winners were announced through lucky draw system.</p> <p style="text-align: justify;">Under the offer, the buyers of Hyundai vehicles got discount up to Rs 600,000 and insurance facility of one year. Similarly, the company has kept the prize of Samsung Galaxy S6 for 53 customers and Hyundai Creta as bumper prize. The company announced that Sumi Shrestha from Butwal won the bumper prize Hyundai Creta.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4090', 'image' => '20160824012502_hyn.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4256', 'article_category_id' => '1', 'title' => 'Ncell Prepares to Operate 4G Data Service', 'sub_title' => '', 'summary' => 'August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.', 'content' => '<p style="text-align: justify;">August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.</p> <p style="text-align: justify;">According to Perkins, the company is preparing to start 4G services after the permission from the regulatory body. Perkins informed that the company has submitted application for required permission and to add additional frequency to 1,800 MHz bandwidth in a bid to operate 4G services as per the modified frequency policy by the government. The company stated that it will provide 4G services within two months if permitted by the government. </p> <p style="text-align: justify;">Earlier, the company announced to invest Rs 12 billion in telecom infrastructures to remote and rural areas. The company informed that the investment will be used in developing the capacity of networks in city areas as well. Currently, Ncell is providing data service and 3G network services in 75 and 63 districts of the country respectively.</p> <p style="text-align: justify;">The company has been providing 21 MB per second data service under 3G network to the customers of Kathmandu valley and Sagarmatha areas. The company is planning to advance the network in other cities outside the valley consecutively.</p> <p style="text-align: justify;">The company claims that 5,638,000 customers are using its internet services. It also expects that the users under 3G and 4G networks will increase in coming days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4089', 'image' => '20160824011135_cell.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4255', 'article_category_id' => '1', 'title' => 'CG Dealers in Thailand Visit', 'sub_title' => '', 'summary' => 'August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program to its ', 'content' => '<p>August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program for its' dealers. Under the slogan' Enjoy & Have a Great Trip to Thailand 2016', the company has send its dealers to Thailand visit. The company has been sending LG dealers to foreign trips with the motive of providing entertainment and encouraging dealers for brand promotion of the company.</p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4088', 'image' => '20160824124710_cg.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4254', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Companies Settled 70% Claim Amount after Earthquake', 'sub_title' => '', 'summary' => 'August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last F', 'content' => '<p>August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last FY. “The settlement of 70 percent of the total insurance claim amount within a year is satisfactory,” said Raju Raman Poudel, Director of IB. The claim amount equivalents 91 percent of the total number of claims received by the general insurance companies. The general insurance companies received a total of 17,840 claims after the earthquake among which 16,286 claims were verified for payment. </p> <p>According to the IB statistics, insurance companies received claims for the compensation worth Rs 16.17 billion under which they have paid Rs 11.75 billion by the end of the last FY. Moreover, the board informed that the insurance companies received Rs 6.79 billion compensation due from the claim amount paid from the re-insurance companies during the period. </p> <p><br /> The board exemplify that the insurance companies has paid the claim amount under various headings. The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 7.79 billion. Similarly, Rs 170.8 million has been paid under vehicle insurance claims followed by engineering claims of Rs 630 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p> <p><br /> Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. The board clarified that among the total number of insurance claim made 999 claims submitted at insurance companies are big, controversial and complicated. The companies have not been able to receive survey reports of these claims till date. These big companies include apartments, shopping malls and hydropower companies. “The big companies’ claim are bit complicated, thus will be settled after some times,” said Poudel. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 3.73 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 166 claims for Rs 72.2 million. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4087', 'image' => '20160824121842_DATA.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4253', 'article_category_id' => '1', 'title' => 'NT Expands Microwave Radio Link across the Country', 'sub_title' => '', 'summary' => 'August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link', 'content' => '<p style="text-align: justify;">August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link in Humla district on Saturday (August 20), the service has reached all the districts of Nepal. Earlier, the company had provided microwave radio link to 72 districts of Nepal. Recently, it has extended the link to remaining districts namely, Humla, Mugu, Dolpa.</p> <p style="text-align: justify;">With the expansion of the microwave radio link, Nepal Telecom subscribers will be benefited by improved connectivity in landline, GSM, CDMA, ADSL and EVDO internet services.</p> <p style="text-align: justify;"> According to the Nepal Telecom, the company can expand its 3G and WiMAX services in the region through this microwave radio link.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4086', 'image' => '20160823035808_ntc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4252', 'article_category_id' => '1', 'title' => 'TBC organises 1st Inter-College ESports Championship 2016', 'sub_title' => '', 'summary' => 'August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exc', 'content' => '<p style="text-align:justify">August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exciting ESports festival with the bonus of prizes and rewards for the successful teams.</p> <p style="text-align:justify">ESports Championship was officially inaugurated by Arun Lal Joshi (Associate Dean, IT and Computer Science of The British College). “This type of competition provides a platform for current gamers to network, and gives individuals who wish to join the movement a chance to get involved and improve their skills and TBC is always ready to promote such events in Nepal,” said Joshi.</p> <p style="text-align:justify">According to the college, the championship is organised by The British College IT Club; planned and run by students under the leadership of Pratik Gautam, BSc Computing student. The students have transformed TBCs conference hall into a gaming hub, fitted with computers and gaming systems with the addition of a merchandise stand. The championship is being participated by approximately 40 colleges and 1000 participants.</p> <p style="text-align:justify">The college informed that the focus of the championship will be three games including FIFA16, Counter Strike- Global Offensive (CS-GO) and DOTA 2. “All three are strategic games which test competitors gaming talents and tactical ability. CS-GO and DOTA 2 are team challenges so further test competitor’s ability to coordinate with their fellow gamers,” reads the statement.</p> <p style="text-align:justify">The winners of the Championship will get rewarded with lucrative cash prizes. Under the category FIFA 16, winner will be provided with Rs 20,000 while first and second runner up will receive Rs 10,000 and Rs 5,000 respectively. Similarly, CS-GO winner and first runner up will receive Rs 20,000 and Rs 10,000 respectively. Likewise, DOTA 2 winner, first runner up and second runner up will receive Rs 30,000, Rs 20,000 and Rs 10,000 respectively. Moreover, all the winners will be provided with medals and certificates in the championship.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4085', 'image' => '20160823035126_tbc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4251', 'article_category_id' => '1', 'title' => 'CG Aiming High in Foreign Land', 'sub_title' => '', 'summary' => 'August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the ann', 'content' => '<p style="text-align:justify">August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the announcement issuing a press statement on Monday August 22.</p> <p style="text-align:justify">"I have a day-dream since childhood to open first Nepali multinational company. I have reached this point of my life by chasing that dream."Chaudhary said.</p> <p style="text-align:justify">At present, Chaudhary is in USA tour to discuss commercial success with Nepali communities of various places through local chapter of Non-resident Nepali National Coordination Council of USA. In order to expand investment of CG, He has been encouraging uprising Nepal youths having new concept to open company in Silicon Valley through venture capital. “Nepali youths have ability to change the world. I will support your new concept and plans that will settle and establish Nepali youths in Silicon Valley,” said Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4084', 'image' => '20160823013038_chau.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4250', 'article_category_id' => '1', 'title' => 'BFIs Earn 5.25 Billion on Foreign Exchange Transaction', 'sub_title' => '', 'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc', 'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p> <p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p> <p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4083', 'image' => '20160823122705_forex.JPG', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4249', 'article_category_id' => '1', 'title' => 'Workshop for Skill Enhancement', 'sub_title' => '', 'summary' => ' August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. I', 'content' => '<p style="text-align: justify;">August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. Issuing a press statement on Monday, Mahalaxmi Finance informed of organising seminar named 'Strategic planning for the sustainable growth of upcoming Mahalaxmi Development Bank' on August 18.</p> <p style="text-align: justify;">The program organised by Business and Development Management was participated by 21 officer level staffs of aforementioned companies. The companies are in merger process to form a single entity named Mahalaxmi Bikas Bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4082', 'image' => '20160823112425_,aja.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4248', 'article_category_id' => '1', 'title' => '3 Million Customers Added to Telephony Service within a Year', 'sub_title' => '', 'summary' => 'August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company', 'content' => '<p>August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company Ncell.</p> <p>According to the Nepal Telecommunication Authority, the number of telephone users reached 27,733,402 in the last year's May-June period which has increased to 30,749,702 in current years's April-May period. The data shows that the number of telephone users from various telecommunication companies increased by 3 million (3,016,300) during the period. Although the telecom service providers are in steep competition in increasing the number of customers, the competitive efforts for improving quality and services are not seen.</p> <p> "There has been drastic increase in number of users with the expansion of service network in urban and rural areas as well as increase in number of customers in urban areas," mention Min Bahadur Aryal, Spokesperson of Nepal Telecommunication Authority.</p> <p>Among all telecommunication companies, Nepal Telecom is in the first position in increasing the number of customers. Nepal Telecom has expanded its services to 1,790,278 new customers within one year. Similarly, Ncell is in second position in increasing number of customers with 1,120,089 added customers during the period. Likewise, last year, both the companies had around equivalent market share. Whereas, this year, the market share of Nepal Telecom has increased by 2 percent and Ncell's market share decreased by 1 percent.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4081', 'image' => '20160822052048_telecom.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4247', 'article_category_id' => '1', 'title' => 'Implement Public Procurement Act Literally: FCAN', 'sub_title' => '', 'summary' => 'August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not implementing Public Procurement Act as it is. The federation has created upset claiming the provision mentioned by Public Procurement Act has not come into effect. ', 'content' => '<p>August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not literally implementing Public Procurement Act. Objecting to the non-implementation of the provisions of the ammended Act, the umbrella organisation of contractors has demanded the government to implement the (First Amendment 2073) of Public Procurement Act, 2063. The section 9(5) of the Act has freed procurements of constructions work having investment up to Rs 20 million from any requirements.</p> <p>According to Ram Sharan Deuja, General Secretary of FCAN, currently various public bodies of Nepal are issuing tenders mentioning various qualifications. He said, "As a result, FCAN compelled to protest for the rights and welfare of more than 11,000 small contractors." </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4080', 'image' => '20160822043729_trac.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4246', 'article_category_id' => '1', 'title' => 'SEBON Directs DPs to Open Demat Account within 3 Days', 'sub_title' => '', 'summary' => 'August 22: In the wake of complaints from investors of delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and', 'content' => '<p style="text-align:justify">August 22: In the wake of complaints from investors regarding delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and provide Debit Instruction Slips.</p> <p style="text-align:justify">According to the SEBON directive, DPs should submit the application and document received from investors for dematerialization of securities to share registrar within seven days. After that, the share registrars should dematerialise the share certificates within three days after examining the documents and inform the depository participants.</p> <p style="text-align:justify">As per the directive, the registrars need to make sure that investors receive their bonus and right shares in their beneficiary accounts within three days from the listing of those shares on the stock market. SEBON has also instructed brokerage firms having DP licenses not to make mandatory for their investors to open account in their own firms. Moreover, banks and financial institutions (BFIs) working as depository participants have been asked not to force investors to open accounts from their branch offices in order to do financial transactions.</p> <p style="text-align:justify">Additionally, SEBON has also directed the depository participants and share registrars not to disclose user identification and password with unconcerned individuals.SEBON has provided investors with its hotline (1660-01-44433) to file complaints if depository participants and share registrars cause any delay.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4079', 'image' => '20160822013935_sebon.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4245', 'article_category_id' => '1', 'title' => 'Heavy Discount on Ostrich Meat ', 'sub_title' => '', 'summary' => 'August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has', 'content' => '<p style="text-align: justify;">August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has provided heavy discount on ostrich meat from August 20 availing the customers to consume superior ostrich meat.</p> <p style="text-align: justify;">According to CP Sharma, Chairman of Ostrich Nepal, the price of meat containing bones has been reduced to Rs 890 per kilogram from Rs 1,100. Likewise, the boneless meat is available at Rs 1,400 which was sold previously at Rs 1,700 in the Nepali market.</p> <p style="text-align: justify;">The ostrich meat also known as red meat contains Omega 3, 6 and 9. According to the physicians, such nutrients are helpful for good health of the human heart. As per American Heart Association and Diabetes Association, ostrich meat can be consumed by diabetes and heart patients. The company claimed that the ostrich meat helps to balance the blood pressure, cure Autism, reduce stress, Thyroid and cure diseases related to kidneys.</p> <p style="text-align: justify;">Currently, the ostrich meat is available in various outlets of Kathmandu. Sharma informed that it is available in Maharajgunj, Gongabu, Sukedhara, Bhatbhateni Store, Bigmart store, Newroad Delish Frozen house and Namaste Nepal Mart. </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4078', 'image' => '20160822125931_ostgrict.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4244', 'article_category_id' => '1', 'title' => 'IPO of RSDC Microfinance from Today', 'sub_title' => '', 'summary' => 'August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100', 'content' => '<p style="text-align: justify;">August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100. Interested investors can apply minimum of 50 units of shares and maximum of 4,000 units of shares. The company will close the share issuance early on August 24 and delayed on September 4.</p> <p style="text-align: justify;">The company has appointed NIBL capital market as its Issue Manager. Interest investors can submit their application in NIBL Capital Market along with RSDC Microfinance, Vibor Capital, Prabhu Capital, branches of various banks including Nepal Investment Bank, Gorkhas Finance, Guheshwori Merchant Banking and Finance, RSCF Finance, Nepal Community Bank, Synergy Finance, Sajha Bikash Bank and Sewa Development Bank. </p> <p style="text-align: justify;"><br /> According to the company, it has allocated 20,000 units of shares to mutual funds and 8,000 units of shares to employees. After the IPO issuance, the paid-up capital of the company will reach Rs 100 million. Nepal Rastra Bank, earlier, had directed Microfinance companies dealing in retail loan to meet the minimum paid-up capital of Rs 600 million. As per the NRB directive, the company requires to increase its paid-up capital to Rs 600 million. ICRA Nepal has granted grade 4 rating to the IPO indicating the fundamentals of the IPO issuance is below average. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4077', 'image' => '20160822120101_rsdc.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4243', 'article_category_id' => '1', 'title' => 'NADA Auto Show-2016 from Aug 30', 'sub_title' => '', 'summary' => 'August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and M', 'content' => '<p>August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and Management Services will run till September 4 at Bhrikuti Mandap Exhibition Hall, Kathmandu.</p> <p>“NADA Auto Show 2016 is an excellent platform for automobile dealers and automotive component dealers and suppliers for the presentation of new products and technologies as well as for the exchange of information and the establishment of new business contacts,” informed company organising a press conference on August 21.</p> <p> The Show will house around 125 stalls and blocks occupied by 73 exhibitors including local as well as international brands, products and services. This edition will have 16 brands of 4-wheelers, 15 brands of 2-wheelers and 5 brands of heavy commercial. Estimated 50000 guests and auto enthusiasts from all over Nepal are expected to visit the Show.</p> <p>Famous auto brands in 4-wheeler section such as Datsun, Fiat, Ford, Honda, Hyundai, Kia, Mahindra, MG, Nissan, Renault, Skoda, Suzuki, TATA, Toyota, Volkswagen, Ssangyong; in heavy commercial section such as Ashok Leyland, Eicher, Escorts, Mahindra, TATA and in 2-wheeler section such as Bajaj, Bela, Benelli, Hero, Honda, KTM, Mahindra, Royal Enfield, Runner, Scomadi, Suzuki, TVS, UM, Vespa, Yamaha will be an eclectic variants for the visitors of different age and need group.</p> <p>“The exhibition will also have stalls of financial institutions, new technological developments, auto safety technology, spare parts, lubricants, tyre, generator, garage equipments, batteries and other accessories. Nepal made automotive products will also be seen in the exhibition,” added organisers in the press conference.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4076', 'image' => '20160822114345_nada.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4257', 'article_category_id' => '1', 'title' => 'Hyundai Announces Winner of 'Dashain Tihar Get Set Go'', 'sub_title' => '', 'summary' => 'August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The', 'content' => '<p style="text-align: justify;">August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The company informed that the winners were announced through lucky draw system.</p> <p style="text-align: justify;">Under the offer, the buyers of Hyundai vehicles got discount up to Rs 600,000 and insurance facility of one year. Similarly, the company has kept the prize of Samsung Galaxy S6 for 53 customers and Hyundai Creta as bumper prize. The company announced that Sumi Shrestha from Butwal won the bumper prize Hyundai Creta.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4090', 'image' => '20160824012502_hyn.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4256', 'article_category_id' => '1', 'title' => 'Ncell Prepares to Operate 4G Data Service', 'sub_title' => '', 'summary' => 'August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.', 'content' => '<p style="text-align: justify;">August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.</p> <p style="text-align: justify;">According to Perkins, the company is preparing to start 4G services after the permission from the regulatory body. Perkins informed that the company has submitted application for required permission and to add additional frequency to 1,800 MHz bandwidth in a bid to operate 4G services as per the modified frequency policy by the government. The company stated that it will provide 4G services within two months if permitted by the government. </p> <p style="text-align: justify;">Earlier, the company announced to invest Rs 12 billion in telecom infrastructures to remote and rural areas. The company informed that the investment will be used in developing the capacity of networks in city areas as well. Currently, Ncell is providing data service and 3G network services in 75 and 63 districts of the country respectively.</p> <p style="text-align: justify;">The company has been providing 21 MB per second data service under 3G network to the customers of Kathmandu valley and Sagarmatha areas. The company is planning to advance the network in other cities outside the valley consecutively.</p> <p style="text-align: justify;">The company claims that 5,638,000 customers are using its internet services. It also expects that the users under 3G and 4G networks will increase in coming days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4089', 'image' => '20160824011135_cell.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4255', 'article_category_id' => '1', 'title' => 'CG Dealers in Thailand Visit', 'sub_title' => '', 'summary' => 'August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program to its ', 'content' => '<p>August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program for its' dealers. Under the slogan' Enjoy & Have a Great Trip to Thailand 2016', the company has send its dealers to Thailand visit. The company has been sending LG dealers to foreign trips with the motive of providing entertainment and encouraging dealers for brand promotion of the company.</p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4088', 'image' => '20160824124710_cg.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4254', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Companies Settled 70% Claim Amount after Earthquake', 'sub_title' => '', 'summary' => 'August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last F', 'content' => '<p>August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last FY. “The settlement of 70 percent of the total insurance claim amount within a year is satisfactory,” said Raju Raman Poudel, Director of IB. The claim amount equivalents 91 percent of the total number of claims received by the general insurance companies. The general insurance companies received a total of 17,840 claims after the earthquake among which 16,286 claims were verified for payment. </p> <p>According to the IB statistics, insurance companies received claims for the compensation worth Rs 16.17 billion under which they have paid Rs 11.75 billion by the end of the last FY. Moreover, the board informed that the insurance companies received Rs 6.79 billion compensation due from the claim amount paid from the re-insurance companies during the period. </p> <p><br /> The board exemplify that the insurance companies has paid the claim amount under various headings. The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 7.79 billion. Similarly, Rs 170.8 million has been paid under vehicle insurance claims followed by engineering claims of Rs 630 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p> <p><br /> Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. The board clarified that among the total number of insurance claim made 999 claims submitted at insurance companies are big, controversial and complicated. The companies have not been able to receive survey reports of these claims till date. These big companies include apartments, shopping malls and hydropower companies. “The big companies’ claim are bit complicated, thus will be settled after some times,” said Poudel. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 3.73 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 166 claims for Rs 72.2 million. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4087', 'image' => '20160824121842_DATA.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4253', 'article_category_id' => '1', 'title' => 'NT Expands Microwave Radio Link across the Country', 'sub_title' => '', 'summary' => 'August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link', 'content' => '<p style="text-align: justify;">August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link in Humla district on Saturday (August 20), the service has reached all the districts of Nepal. Earlier, the company had provided microwave radio link to 72 districts of Nepal. Recently, it has extended the link to remaining districts namely, Humla, Mugu, Dolpa.</p> <p style="text-align: justify;">With the expansion of the microwave radio link, Nepal Telecom subscribers will be benefited by improved connectivity in landline, GSM, CDMA, ADSL and EVDO internet services.</p> <p style="text-align: justify;"> According to the Nepal Telecom, the company can expand its 3G and WiMAX services in the region through this microwave radio link.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4086', 'image' => '20160823035808_ntc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4252', 'article_category_id' => '1', 'title' => 'TBC organises 1st Inter-College ESports Championship 2016', 'sub_title' => '', 'summary' => 'August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exc', 'content' => '<p style="text-align:justify">August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exciting ESports festival with the bonus of prizes and rewards for the successful teams.</p> <p style="text-align:justify">ESports Championship was officially inaugurated by Arun Lal Joshi (Associate Dean, IT and Computer Science of The British College). “This type of competition provides a platform for current gamers to network, and gives individuals who wish to join the movement a chance to get involved and improve their skills and TBC is always ready to promote such events in Nepal,” said Joshi.</p> <p style="text-align:justify">According to the college, the championship is organised by The British College IT Club; planned and run by students under the leadership of Pratik Gautam, BSc Computing student. The students have transformed TBCs conference hall into a gaming hub, fitted with computers and gaming systems with the addition of a merchandise stand. The championship is being participated by approximately 40 colleges and 1000 participants.</p> <p style="text-align:justify">The college informed that the focus of the championship will be three games including FIFA16, Counter Strike- Global Offensive (CS-GO) and DOTA 2. “All three are strategic games which test competitors gaming talents and tactical ability. CS-GO and DOTA 2 are team challenges so further test competitor’s ability to coordinate with their fellow gamers,” reads the statement.</p> <p style="text-align:justify">The winners of the Championship will get rewarded with lucrative cash prizes. Under the category FIFA 16, winner will be provided with Rs 20,000 while first and second runner up will receive Rs 10,000 and Rs 5,000 respectively. Similarly, CS-GO winner and first runner up will receive Rs 20,000 and Rs 10,000 respectively. Likewise, DOTA 2 winner, first runner up and second runner up will receive Rs 30,000, Rs 20,000 and Rs 10,000 respectively. Moreover, all the winners will be provided with medals and certificates in the championship.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4085', 'image' => '20160823035126_tbc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4251', 'article_category_id' => '1', 'title' => 'CG Aiming High in Foreign Land', 'sub_title' => '', 'summary' => 'August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the ann', 'content' => '<p style="text-align:justify">August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the announcement issuing a press statement on Monday August 22.</p> <p style="text-align:justify">"I have a day-dream since childhood to open first Nepali multinational company. I have reached this point of my life by chasing that dream."Chaudhary said.</p> <p style="text-align:justify">At present, Chaudhary is in USA tour to discuss commercial success with Nepali communities of various places through local chapter of Non-resident Nepali National Coordination Council of USA. In order to expand investment of CG, He has been encouraging uprising Nepal youths having new concept to open company in Silicon Valley through venture capital. “Nepali youths have ability to change the world. I will support your new concept and plans that will settle and establish Nepali youths in Silicon Valley,” said Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4084', 'image' => '20160823013038_chau.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4250', 'article_category_id' => '1', 'title' => 'BFIs Earn 5.25 Billion on Foreign Exchange Transaction', 'sub_title' => '', 'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc', 'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p> <p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p> <p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4083', 'image' => '20160823122705_forex.JPG', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4249', 'article_category_id' => '1', 'title' => 'Workshop for Skill Enhancement', 'sub_title' => '', 'summary' => ' August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. I', 'content' => '<p style="text-align: justify;">August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. Issuing a press statement on Monday, Mahalaxmi Finance informed of organising seminar named 'Strategic planning for the sustainable growth of upcoming Mahalaxmi Development Bank' on August 18.</p> <p style="text-align: justify;">The program organised by Business and Development Management was participated by 21 officer level staffs of aforementioned companies. The companies are in merger process to form a single entity named Mahalaxmi Bikas Bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4082', 'image' => '20160823112425_,aja.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4248', 'article_category_id' => '1', 'title' => '3 Million Customers Added to Telephony Service within a Year', 'sub_title' => '', 'summary' => 'August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company', 'content' => '<p>August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company Ncell.</p> <p>According to the Nepal Telecommunication Authority, the number of telephone users reached 27,733,402 in the last year's May-June period which has increased to 30,749,702 in current years's April-May period. The data shows that the number of telephone users from various telecommunication companies increased by 3 million (3,016,300) during the period. Although the telecom service providers are in steep competition in increasing the number of customers, the competitive efforts for improving quality and services are not seen.</p> <p> "There has been drastic increase in number of users with the expansion of service network in urban and rural areas as well as increase in number of customers in urban areas," mention Min Bahadur Aryal, Spokesperson of Nepal Telecommunication Authority.</p> <p>Among all telecommunication companies, Nepal Telecom is in the first position in increasing the number of customers. Nepal Telecom has expanded its services to 1,790,278 new customers within one year. Similarly, Ncell is in second position in increasing number of customers with 1,120,089 added customers during the period. Likewise, last year, both the companies had around equivalent market share. Whereas, this year, the market share of Nepal Telecom has increased by 2 percent and Ncell's market share decreased by 1 percent.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4081', 'image' => '20160822052048_telecom.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4247', 'article_category_id' => '1', 'title' => 'Implement Public Procurement Act Literally: FCAN', 'sub_title' => '', 'summary' => 'August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not implementing Public Procurement Act as it is. The federation has created upset claiming the provision mentioned by Public Procurement Act has not come into effect. ', 'content' => '<p>August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not literally implementing Public Procurement Act. Objecting to the non-implementation of the provisions of the ammended Act, the umbrella organisation of contractors has demanded the government to implement the (First Amendment 2073) of Public Procurement Act, 2063. The section 9(5) of the Act has freed procurements of constructions work having investment up to Rs 20 million from any requirements.</p> <p>According to Ram Sharan Deuja, General Secretary of FCAN, currently various public bodies of Nepal are issuing tenders mentioning various qualifications. He said, "As a result, FCAN compelled to protest for the rights and welfare of more than 11,000 small contractors." </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4080', 'image' => '20160822043729_trac.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4246', 'article_category_id' => '1', 'title' => 'SEBON Directs DPs to Open Demat Account within 3 Days', 'sub_title' => '', 'summary' => 'August 22: In the wake of complaints from investors of delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and', 'content' => '<p style="text-align:justify">August 22: In the wake of complaints from investors regarding delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and provide Debit Instruction Slips.</p> <p style="text-align:justify">According to the SEBON directive, DPs should submit the application and document received from investors for dematerialization of securities to share registrar within seven days. After that, the share registrars should dematerialise the share certificates within three days after examining the documents and inform the depository participants.</p> <p style="text-align:justify">As per the directive, the registrars need to make sure that investors receive their bonus and right shares in their beneficiary accounts within three days from the listing of those shares on the stock market. SEBON has also instructed brokerage firms having DP licenses not to make mandatory for their investors to open account in their own firms. Moreover, banks and financial institutions (BFIs) working as depository participants have been asked not to force investors to open accounts from their branch offices in order to do financial transactions.</p> <p style="text-align:justify">Additionally, SEBON has also directed the depository participants and share registrars not to disclose user identification and password with unconcerned individuals.SEBON has provided investors with its hotline (1660-01-44433) to file complaints if depository participants and share registrars cause any delay.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4079', 'image' => '20160822013935_sebon.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4245', 'article_category_id' => '1', 'title' => 'Heavy Discount on Ostrich Meat ', 'sub_title' => '', 'summary' => 'August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has', 'content' => '<p style="text-align: justify;">August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has provided heavy discount on ostrich meat from August 20 availing the customers to consume superior ostrich meat.</p> <p style="text-align: justify;">According to CP Sharma, Chairman of Ostrich Nepal, the price of meat containing bones has been reduced to Rs 890 per kilogram from Rs 1,100. Likewise, the boneless meat is available at Rs 1,400 which was sold previously at Rs 1,700 in the Nepali market.</p> <p style="text-align: justify;">The ostrich meat also known as red meat contains Omega 3, 6 and 9. According to the physicians, such nutrients are helpful for good health of the human heart. As per American Heart Association and Diabetes Association, ostrich meat can be consumed by diabetes and heart patients. The company claimed that the ostrich meat helps to balance the blood pressure, cure Autism, reduce stress, Thyroid and cure diseases related to kidneys.</p> <p style="text-align: justify;">Currently, the ostrich meat is available in various outlets of Kathmandu. Sharma informed that it is available in Maharajgunj, Gongabu, Sukedhara, Bhatbhateni Store, Bigmart store, Newroad Delish Frozen house and Namaste Nepal Mart. </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4078', 'image' => '20160822125931_ostgrict.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4244', 'article_category_id' => '1', 'title' => 'IPO of RSDC Microfinance from Today', 'sub_title' => '', 'summary' => 'August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100', 'content' => '<p style="text-align: justify;">August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100. Interested investors can apply minimum of 50 units of shares and maximum of 4,000 units of shares. The company will close the share issuance early on August 24 and delayed on September 4.</p> <p style="text-align: justify;">The company has appointed NIBL capital market as its Issue Manager. Interest investors can submit their application in NIBL Capital Market along with RSDC Microfinance, Vibor Capital, Prabhu Capital, branches of various banks including Nepal Investment Bank, Gorkhas Finance, Guheshwori Merchant Banking and Finance, RSCF Finance, Nepal Community Bank, Synergy Finance, Sajha Bikash Bank and Sewa Development Bank. </p> <p style="text-align: justify;"><br /> According to the company, it has allocated 20,000 units of shares to mutual funds and 8,000 units of shares to employees. After the IPO issuance, the paid-up capital of the company will reach Rs 100 million. Nepal Rastra Bank, earlier, had directed Microfinance companies dealing in retail loan to meet the minimum paid-up capital of Rs 600 million. As per the NRB directive, the company requires to increase its paid-up capital to Rs 600 million. ICRA Nepal has granted grade 4 rating to the IPO indicating the fundamentals of the IPO issuance is below average. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4077', 'image' => '20160822120101_rsdc.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4243', 'article_category_id' => '1', 'title' => 'NADA Auto Show-2016 from Aug 30', 'sub_title' => '', 'summary' => 'August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and M', 'content' => '<p>August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and Management Services will run till September 4 at Bhrikuti Mandap Exhibition Hall, Kathmandu.</p> <p>“NADA Auto Show 2016 is an excellent platform for automobile dealers and automotive component dealers and suppliers for the presentation of new products and technologies as well as for the exchange of information and the establishment of new business contacts,” informed company organising a press conference on August 21.</p> <p> The Show will house around 125 stalls and blocks occupied by 73 exhibitors including local as well as international brands, products and services. This edition will have 16 brands of 4-wheelers, 15 brands of 2-wheelers and 5 brands of heavy commercial. Estimated 50000 guests and auto enthusiasts from all over Nepal are expected to visit the Show.</p> <p>Famous auto brands in 4-wheeler section such as Datsun, Fiat, Ford, Honda, Hyundai, Kia, Mahindra, MG, Nissan, Renault, Skoda, Suzuki, TATA, Toyota, Volkswagen, Ssangyong; in heavy commercial section such as Ashok Leyland, Eicher, Escorts, Mahindra, TATA and in 2-wheeler section such as Bajaj, Bela, Benelli, Hero, Honda, KTM, Mahindra, Royal Enfield, Runner, Scomadi, Suzuki, TVS, UM, Vespa, Yamaha will be an eclectic variants for the visitors of different age and need group.</p> <p>“The exhibition will also have stalls of financial institutions, new technological developments, auto safety technology, spare parts, lubricants, tyre, generator, garage equipments, batteries and other accessories. Nepal made automotive products will also be seen in the exhibition,” added organisers in the press conference.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4076', 'image' => '20160822114345_nada.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4257', 'article_category_id' => '1', 'title' => 'Hyundai Announces Winner of 'Dashain Tihar Get Set Go'', 'sub_title' => '', 'summary' => 'August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The', 'content' => '<p style="text-align: justify;">August 24: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles in Nepal has announced the winner of 'Get Set Go' offer organised on the auspicious occasion of Dashain Tihar. The company informed that the winners were announced through lucky draw system.</p> <p style="text-align: justify;">Under the offer, the buyers of Hyundai vehicles got discount up to Rs 600,000 and insurance facility of one year. Similarly, the company has kept the prize of Samsung Galaxy S6 for 53 customers and Hyundai Creta as bumper prize. The company announced that Sumi Shrestha from Butwal won the bumper prize Hyundai Creta.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4090', 'image' => '20160824012502_hyn.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4256', 'article_category_id' => '1', 'title' => 'Ncell Prepares to Operate 4G Data Service', 'sub_title' => '', 'summary' => 'August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.', 'content' => '<p style="text-align: justify;">August 24: Ncell is focusing on data pack services to meet the demand of internet service along with the increase in the number of customers. “Ncell’s first priority will be to enhance the data service this year,” said Simon Perkins, Managing Director of the company amid a program.</p> <p style="text-align: justify;">According to Perkins, the company is preparing to start 4G services after the permission from the regulatory body. Perkins informed that the company has submitted application for required permission and to add additional frequency to 1,800 MHz bandwidth in a bid to operate 4G services as per the modified frequency policy by the government. The company stated that it will provide 4G services within two months if permitted by the government. </p> <p style="text-align: justify;">Earlier, the company announced to invest Rs 12 billion in telecom infrastructures to remote and rural areas. The company informed that the investment will be used in developing the capacity of networks in city areas as well. Currently, Ncell is providing data service and 3G network services in 75 and 63 districts of the country respectively.</p> <p style="text-align: justify;">The company has been providing 21 MB per second data service under 3G network to the customers of Kathmandu valley and Sagarmatha areas. The company is planning to advance the network in other cities outside the valley consecutively.</p> <p style="text-align: justify;">The company claims that 5,638,000 customers are using its internet services. It also expects that the users under 3G and 4G networks will increase in coming days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4089', 'image' => '20160824011135_cell.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4255', 'article_category_id' => '1', 'title' => 'CG Dealers in Thailand Visit', 'sub_title' => '', 'summary' => 'August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program to its ', 'content' => '<p>August 24: CG Electronics under Chaudhary Group, the authorized distributor of LG brand consumer electronics for Nepal, has organised a Thailand Visit program for its' dealers. Under the slogan' Enjoy & Have a Great Trip to Thailand 2016', the company has send its dealers to Thailand visit. The company has been sending LG dealers to foreign trips with the motive of providing entertainment and encouraging dealers for brand promotion of the company.</p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4088', 'image' => '20160824124710_cg.jpg', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4254', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Companies Settled 70% Claim Amount after Earthquake', 'sub_title' => '', 'summary' => 'August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last F', 'content' => '<p>August 24: General insurance companies have paid 70 percent of the total claim amount after the devastating earthquake of the last year as per the Insurance Board (IB). The percentage of claim amount has been made by 15 general insurance companies operating in Nepal by the end of the last FY. “The settlement of 70 percent of the total insurance claim amount within a year is satisfactory,” said Raju Raman Poudel, Director of IB. The claim amount equivalents 91 percent of the total number of claims received by the general insurance companies. The general insurance companies received a total of 17,840 claims after the earthquake among which 16,286 claims were verified for payment. </p> <p>According to the IB statistics, insurance companies received claims for the compensation worth Rs 16.17 billion under which they have paid Rs 11.75 billion by the end of the last FY. Moreover, the board informed that the insurance companies received Rs 6.79 billion compensation due from the claim amount paid from the re-insurance companies during the period. </p> <p><br /> The board exemplify that the insurance companies has paid the claim amount under various headings. The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 7.79 billion. Similarly, Rs 170.8 million has been paid under vehicle insurance claims followed by engineering claims of Rs 630 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p> <p><br /> Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. The board clarified that among the total number of insurance claim made 999 claims submitted at insurance companies are big, controversial and complicated. The companies have not been able to receive survey reports of these claims till date. These big companies include apartments, shopping malls and hydropower companies. “The big companies’ claim are bit complicated, thus will be settled after some times,” said Poudel. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 3.73 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 166 claims for Rs 72.2 million. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-24', 'modified' => '2016-08-24', 'keywords' => '', 'description' => '', 'sortorder' => '4087', 'image' => '20160824121842_DATA.JPG', 'article_date' => '2016-08-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4253', 'article_category_id' => '1', 'title' => 'NT Expands Microwave Radio Link across the Country', 'sub_title' => '', 'summary' => 'August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link', 'content' => '<p style="text-align: justify;">August 23: Nepal Telecom has connected all 75 districts of the country through its microwave radio link services. After connecting the microwave radio link in Humla district on Saturday (August 20), the service has reached all the districts of Nepal. Earlier, the company had provided microwave radio link to 72 districts of Nepal. Recently, it has extended the link to remaining districts namely, Humla, Mugu, Dolpa.</p> <p style="text-align: justify;">With the expansion of the microwave radio link, Nepal Telecom subscribers will be benefited by improved connectivity in landline, GSM, CDMA, ADSL and EVDO internet services.</p> <p style="text-align: justify;"> According to the Nepal Telecom, the company can expand its 3G and WiMAX services in the region through this microwave radio link.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4086', 'image' => '20160823035808_ntc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4252', 'article_category_id' => '1', 'title' => 'TBC organises 1st Inter-College ESports Championship 2016', 'sub_title' => '', 'summary' => 'August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exc', 'content' => '<p style="text-align:justify">August 23: The British College (TBC) is organising the first ever ESports Championship. Issuing a press statement, TBC informed that it is proud to host a well-managed and exciting ESports festival with the bonus of prizes and rewards for the successful teams.</p> <p style="text-align:justify">ESports Championship was officially inaugurated by Arun Lal Joshi (Associate Dean, IT and Computer Science of The British College). “This type of competition provides a platform for current gamers to network, and gives individuals who wish to join the movement a chance to get involved and improve their skills and TBC is always ready to promote such events in Nepal,” said Joshi.</p> <p style="text-align:justify">According to the college, the championship is organised by The British College IT Club; planned and run by students under the leadership of Pratik Gautam, BSc Computing student. The students have transformed TBCs conference hall into a gaming hub, fitted with computers and gaming systems with the addition of a merchandise stand. The championship is being participated by approximately 40 colleges and 1000 participants.</p> <p style="text-align:justify">The college informed that the focus of the championship will be three games including FIFA16, Counter Strike- Global Offensive (CS-GO) and DOTA 2. “All three are strategic games which test competitors gaming talents and tactical ability. CS-GO and DOTA 2 are team challenges so further test competitor’s ability to coordinate with their fellow gamers,” reads the statement.</p> <p style="text-align:justify">The winners of the Championship will get rewarded with lucrative cash prizes. Under the category FIFA 16, winner will be provided with Rs 20,000 while first and second runner up will receive Rs 10,000 and Rs 5,000 respectively. Similarly, CS-GO winner and first runner up will receive Rs 20,000 and Rs 10,000 respectively. Likewise, DOTA 2 winner, first runner up and second runner up will receive Rs 30,000, Rs 20,000 and Rs 10,000 respectively. Moreover, all the winners will be provided with medals and certificates in the championship.</p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4085', 'image' => '20160823035126_tbc.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4251', 'article_category_id' => '1', 'title' => 'CG Aiming High in Foreign Land', 'sub_title' => '', 'summary' => 'August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the ann', 'content' => '<p style="text-align:justify">August 23: Binod Chaudhary, Chairman of CG group has announced his target of opening Wai Wai Industry in USA and Venture capital in Silicon Valley. Chaudhary Group informed of the announcement issuing a press statement on Monday August 22.</p> <p style="text-align:justify">"I have a day-dream since childhood to open first Nepali multinational company. I have reached this point of my life by chasing that dream."Chaudhary said.</p> <p style="text-align:justify">At present, Chaudhary is in USA tour to discuss commercial success with Nepali communities of various places through local chapter of Non-resident Nepali National Coordination Council of USA. In order to expand investment of CG, He has been encouraging uprising Nepal youths having new concept to open company in Silicon Valley through venture capital. “Nepali youths have ability to change the world. I will support your new concept and plans that will settle and establish Nepali youths in Silicon Valley,” said Chaudhary. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4084', 'image' => '20160823013038_chau.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4250', 'article_category_id' => '1', 'title' => 'BFIs Earn 5.25 Billion on Foreign Exchange Transaction', 'sub_title' => '', 'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc', 'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p> <p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p> <p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4083', 'image' => '20160823122705_forex.JPG', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4249', 'article_category_id' => '1', 'title' => 'Workshop for Skill Enhancement', 'sub_title' => '', 'summary' => ' August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. I', 'content' => '<p style="text-align: justify;">August 23: Mahalaxmi Finance, Sidhhartha Finance and Malika Bikas Bank organised one day workshop to enhance the skill of high ranking officials. Issuing a press statement on Monday, Mahalaxmi Finance informed of organising seminar named 'Strategic planning for the sustainable growth of upcoming Mahalaxmi Development Bank' on August 18.</p> <p style="text-align: justify;">The program organised by Business and Development Management was participated by 21 officer level staffs of aforementioned companies. The companies are in merger process to form a single entity named Mahalaxmi Bikas Bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-08-23', 'modified' => '2016-08-23', 'keywords' => '', 'description' => '', 'sortorder' => '4082', 'image' => '20160823112425_,aja.jpg', 'article_date' => '2016-08-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4248', 'article_category_id' => '1', 'title' => '3 Million Customers Added to Telephony Service within a Year', 'sub_title' => '', 'summary' => 'August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company', 'content' => '<p>August 22: More than 3 million customers have been added to the telephone service sector in Nepal within a year. The significant increase in the number of customers the telecom sector can be attributed to the tough competition between government owned Nepal Telecom and private sector company Ncell.</p> <p>According to the Nepal Telecommunication Authority, the number of telephone users reached 27,733,402 in the last year's May-June period which has increased to 30,749,702 in current years's April-May period. The data shows that the number of telephone users from various telecommunication companies increased by 3 million (3,016,300) during the period. Although the telecom service providers are in steep competition in increasing the number of customers, the competitive efforts for improving quality and services are not seen.</p> <p> "There has been drastic increase in number of users with the expansion of service network in urban and rural areas as well as increase in number of customers in urban areas," mention Min Bahadur Aryal, Spokesperson of Nepal Telecommunication Authority.</p> <p>Among all telecommunication companies, Nepal Telecom is in the first position in increasing the number of customers. Nepal Telecom has expanded its services to 1,790,278 new customers within one year. Similarly, Ncell is in second position in increasing number of customers with 1,120,089 added customers during the period. Likewise, last year, both the companies had around equivalent market share. Whereas, this year, the market share of Nepal Telecom has increased by 2 percent and Ncell's market share decreased by 1 percent.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4081', 'image' => '20160822052048_telecom.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4247', 'article_category_id' => '1', 'title' => 'Implement Public Procurement Act Literally: FCAN', 'sub_title' => '', 'summary' => 'August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not implementing Public Procurement Act as it is. The federation has created upset claiming the provision mentioned by Public Procurement Act has not come into effect. ', 'content' => '<p>August 22: Federation of Contractors' Associations of Nepal (FCAN) has protested for not literally implementing Public Procurement Act. Objecting to the non-implementation of the provisions of the ammended Act, the umbrella organisation of contractors has demanded the government to implement the (First Amendment 2073) of Public Procurement Act, 2063. The section 9(5) of the Act has freed procurements of constructions work having investment up to Rs 20 million from any requirements.</p> <p>According to Ram Sharan Deuja, General Secretary of FCAN, currently various public bodies of Nepal are issuing tenders mentioning various qualifications. He said, "As a result, FCAN compelled to protest for the rights and welfare of more than 11,000 small contractors." </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4080', 'image' => '20160822043729_trac.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4246', 'article_category_id' => '1', 'title' => 'SEBON Directs DPs to Open Demat Account within 3 Days', 'sub_title' => '', 'summary' => 'August 22: In the wake of complaints from investors of delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and', 'content' => '<p style="text-align:justify">August 22: In the wake of complaints from investors regarding delays and complications on opening demat account and dematerialization process, Securities Board of Nepal (SEBON) has directed depository participants (DPs) and share registrars to open beneficiary accounts within three days and provide Debit Instruction Slips.</p> <p style="text-align:justify">According to the SEBON directive, DPs should submit the application and document received from investors for dematerialization of securities to share registrar within seven days. After that, the share registrars should dematerialise the share certificates within three days after examining the documents and inform the depository participants.</p> <p style="text-align:justify">As per the directive, the registrars need to make sure that investors receive their bonus and right shares in their beneficiary accounts within three days from the listing of those shares on the stock market. SEBON has also instructed brokerage firms having DP licenses not to make mandatory for their investors to open account in their own firms. Moreover, banks and financial institutions (BFIs) working as depository participants have been asked not to force investors to open accounts from their branch offices in order to do financial transactions.</p> <p style="text-align:justify">Additionally, SEBON has also directed the depository participants and share registrars not to disclose user identification and password with unconcerned individuals.SEBON has provided investors with its hotline (1660-01-44433) to file complaints if depository participants and share registrars cause any delay.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4079', 'image' => '20160822013935_sebon.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4245', 'article_category_id' => '1', 'title' => 'Heavy Discount on Ostrich Meat ', 'sub_title' => '', 'summary' => 'August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has', 'content' => '<p style="text-align: justify;">August 22: Ostrich Nepal has provided heavy discount on the price of ostrich meat aiming to attract more customers during festivals. The company has provided heavy discount on ostrich meat from August 20 availing the customers to consume superior ostrich meat.</p> <p style="text-align: justify;">According to CP Sharma, Chairman of Ostrich Nepal, the price of meat containing bones has been reduced to Rs 890 per kilogram from Rs 1,100. Likewise, the boneless meat is available at Rs 1,400 which was sold previously at Rs 1,700 in the Nepali market.</p> <p style="text-align: justify;">The ostrich meat also known as red meat contains Omega 3, 6 and 9. According to the physicians, such nutrients are helpful for good health of the human heart. As per American Heart Association and Diabetes Association, ostrich meat can be consumed by diabetes and heart patients. The company claimed that the ostrich meat helps to balance the blood pressure, cure Autism, reduce stress, Thyroid and cure diseases related to kidneys.</p> <p style="text-align: justify;">Currently, the ostrich meat is available in various outlets of Kathmandu. Sharma informed that it is available in Maharajgunj, Gongabu, Sukedhara, Bhatbhateni Store, Bigmart store, Newroad Delish Frozen house and Namaste Nepal Mart. </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4078', 'image' => '20160822125931_ostgrict.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4244', 'article_category_id' => '1', 'title' => 'IPO of RSDC Microfinance from Today', 'sub_title' => '', 'summary' => 'August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100', 'content' => '<p style="text-align: justify;">August 22: RSDC Microfinance is issuing 400,000 units of initial public offering (IPO) to general public from today. The face value of per unit share is Rs 100. Interested investors can apply minimum of 50 units of shares and maximum of 4,000 units of shares. The company will close the share issuance early on August 24 and delayed on September 4.</p> <p style="text-align: justify;">The company has appointed NIBL capital market as its Issue Manager. Interest investors can submit their application in NIBL Capital Market along with RSDC Microfinance, Vibor Capital, Prabhu Capital, branches of various banks including Nepal Investment Bank, Gorkhas Finance, Guheshwori Merchant Banking and Finance, RSCF Finance, Nepal Community Bank, Synergy Finance, Sajha Bikash Bank and Sewa Development Bank. </p> <p style="text-align: justify;"><br /> According to the company, it has allocated 20,000 units of shares to mutual funds and 8,000 units of shares to employees. After the IPO issuance, the paid-up capital of the company will reach Rs 100 million. Nepal Rastra Bank, earlier, had directed Microfinance companies dealing in retail loan to meet the minimum paid-up capital of Rs 600 million. As per the NRB directive, the company requires to increase its paid-up capital to Rs 600 million. ICRA Nepal has granted grade 4 rating to the IPO indicating the fundamentals of the IPO issuance is below average. </p> <p> </p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4077', 'image' => '20160822120101_rsdc.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4243', 'article_category_id' => '1', 'title' => 'NADA Auto Show-2016 from Aug 30', 'sub_title' => '', 'summary' => 'August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and M', 'content' => '<p>August 22: NADA Auto Show 2016 is going to kick off on August 30. The show jointly organized by NADA Automobiles Association of Nepal and Global Exposition and Management Services will run till September 4 at Bhrikuti Mandap Exhibition Hall, Kathmandu.</p> <p>“NADA Auto Show 2016 is an excellent platform for automobile dealers and automotive component dealers and suppliers for the presentation of new products and technologies as well as for the exchange of information and the establishment of new business contacts,” informed company organising a press conference on August 21.</p> <p> The Show will house around 125 stalls and blocks occupied by 73 exhibitors including local as well as international brands, products and services. This edition will have 16 brands of 4-wheelers, 15 brands of 2-wheelers and 5 brands of heavy commercial. Estimated 50000 guests and auto enthusiasts from all over Nepal are expected to visit the Show.</p> <p>Famous auto brands in 4-wheeler section such as Datsun, Fiat, Ford, Honda, Hyundai, Kia, Mahindra, MG, Nissan, Renault, Skoda, Suzuki, TATA, Toyota, Volkswagen, Ssangyong; in heavy commercial section such as Ashok Leyland, Eicher, Escorts, Mahindra, TATA and in 2-wheeler section such as Bajaj, Bela, Benelli, Hero, Honda, KTM, Mahindra, Royal Enfield, Runner, Scomadi, Suzuki, TVS, UM, Vespa, Yamaha will be an eclectic variants for the visitors of different age and need group.</p> <p>“The exhibition will also have stalls of financial institutions, new technological developments, auto safety technology, spare parts, lubricants, tyre, generator, garage equipments, batteries and other accessories. Nepal made automotive products will also be seen in the exhibition,” added organisers in the press conference.</p> ', 'published' => true, 'created' => '2016-08-22', 'modified' => '2016-08-22', 'keywords' => '', 'description' => '', 'sortorder' => '4076', 'image' => '20160822114345_nada.jpg', 'article_date' => '2016-08-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
