NEWS

Nepal Japan Festival on November 26
Nepal Japan Festival on November 26
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November 18: A one day 'Nepal-Japan Festival 2016' is being held in Nepal on the occasion of 60th Anniversary of Nepal and Japan diplomatic relation. The event is being held by Japanese Association Nepal under the coordination of Non-resident Nepali Association Japan and main sponsorship of Tango Bravo India (TBI) group.…

NT and Ncell in 4G Race
NT and Ncell in 4G Race
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November 18: Nepal telecom (NT), a government owned Telecommunication Company and Ncell, a private telecommunication company are in a race of operating fourth generation technology 4G. The companies are preparing to operate 4G since Nepal Telecommunication Authority (NTA), the regulator of telecommunication…

Civil Bank Earns Rs 10 Million Net Profit
Civil Bank Earns Rs 10 Million Net Profit
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November 17: Civil Bank has earned Rs 10 million net profit in the first quarter of the current FY which is 75.33 per cent decline from the same period of the last…

Lento’s Solar Inverter and Street Lights Launched
Lento’s Solar Inverter and Street Lights Launched
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November 17: Linto solar inverter and street lights manufactured by Linto Industries have been launched in the Nepali market. Trithunga Trading Concern, the authroised distributor of Lento products for Nepal started the sales of the products officially organizing a program on November 15. Trithunga Trading Concern is a…

Ford’s Test Drive and Demo Event
Ford’s Test Drive and Demo Event
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November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the…

NRB Issues Repo of Rs 3 Billion
NRB Issues Repo of Rs 3 Billion
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November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping…

Samudayik Laghubitta Appoints NMB Capital as Issue Manager
Samudayik Laghubitta Appoints NMB Capital as Issue Manager
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November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches.…

Insurance Pact between Yeti Bank and National Life
Insurance Pact between Yeti Bank and National Life
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November 17: Yeti Development Bank has launched 'Laghu Amrit Jeevan Beema' scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with…

Everest Bank Declares Whopping Bonus Share and Right Share
Everest Bank Declares Whopping Bonus Share and Right Share
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November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained…

Siddhartha Insurance Earns Net Profit of Rs 30 million
Siddhartha Insurance Earns Net Profit of Rs 30 million
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November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last…

Machhapuchchhre Bank to Issue 2:1 Right Shares
Machhapuchchhre Bank to Issue 2:1 Right Shares
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November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing…

Inland Revenue Department Unveiling Tax App and SMS System
Inland Revenue Department Unveiling Tax App and SMS System
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November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program.…

Nepal Bank in 80th year
Nepal Bank in 80th year
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November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers.…

CG Home Appliances for Winter
CG Home Appliances for Winter
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November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan 'Aba Jado Mei Cha…

Araniko Provides In-house Training to Employees
Araniko Provides In-house Training to Employees
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November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation. The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press…