United Finance Appoints Nabil Investment as its Issue Manager
United Finance Appoints Nabil Investment as its Issue Manager
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April 17: United Finance has appointed Nabil Investment as its Issue Manager. The finance company appointed Nabil Investment to manage 20 percent right share issue. The both institutions signed a memorandum of understanding regarding the matter on April 16. Sunanda Bahadur Shrestha, CEO of…

Interbank Footsal Tournament Starts
Interbank Footsal Tournament Starts
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April 17: An interbank footsal tournament initiated by Citizens bank International has started in Uniglobe College at Kamaladi, Kathmandu. The footsal tournament that started from April 15 is being participated by 17 commercial banks. As per the bank, the tournament will end on April 17. The winner of the…

NIC Asia ‘Samunnat Bachat Khata’
NIC Asia ‘Samunnat Bachat Khata’
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April 17: NIC Asia has launched ‘Samunnat Bachat Khata’. “The saving account has been brought with a target to provide high interest rate to the customers. The account yields eight percent annual interest rate,” said the bank in a press statement. The bank will provide free Debit Card along with free SMS and internet banking service to the customers with the account. Moreover, customers are entitled to interbank transaction services up to Rs 500,000…

Jyoti Supports Dhurmus-Suntali Foundation
Jyoti Supports Dhurmus-Suntali Foundation
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April 17: Jyoti Bikas Bank, Bardibas branch has provided Rs 100,000 to Dhurmus-Suntali Foundation. Issuing a press statement, the bank said that it provided the support money to develop Unified Model Musahar Basti. Mohan Raj Giri, Branch Manager of the bank handed over the cheque of Rs 100,000 to Sitaram…

Tata Motors Showroom in Nepalgunj
Tata Motors Showroom in Nepalgunj
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April 16: Tata Motors has started its important showroom and service centre in Nepalgunj. Sipradi Trading, the authorized distributor of Tata Motors for Nepal established the showroom. Issuing a press statement, the company said that it opened the biggest showroom in Nepalgunj as per the target of expanding its network all over the nation.…

Wai-Wai Glocal Hunts Teen Hero
Wai-Wai Glocal Hunts Teen Hero
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April 16: Glocal Pvt Ltd is set to search extraordinary teenagers who have made contributions to society in order to honor and encourage them. According to the organizer, the program is aimed at providing recognition to the teenagers along with making their contribution visible to the…

‘Suit That Fits’ Showroom in LABIM Mall
‘Suit That Fits’ Showroom in LABIM Mall
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April 16: ‘Suit That Fits’ a new tailoring showroom has been opened in LABIM Mall on the occasion of New Year. The new tailoring showroom was inaugurated by Om Bhakta Yogi, Managing Director of ‘A suit That Fits’ of…

Apple World’s New Year Scheme
Apple World’s New Year Scheme
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April 16: Apple World, located at Mercantile plaza of Durbarmarg, has introduced new scheme on the occasion of New Year. Under the scheme, the company will provide gift hampers on the purchase of mobile phones to the…

SEBON to Check Haphazard FPO Issuance through New Directive
SEBON to Check Haphazard FPO Issuance through New Directive
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April 16: The companies waiting for approval on further public offering (FPO) from Securities Board of Nepal (SEBON) might have to wait little longer. As SEBON is preparing to bring a new directive related with FPO, the companies seeking approval from the board were required to wait longer. “The new…

Right Issue of Laxmi Bank Starts
Right Issue of Laxmi Bank Starts
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April 16: Laxmi bank has opened its right share issue from today. The bank will close the issuance on coming May 21. The bank is issuing 31,590,303 units of equity shares in the ratio of 1:1. The bank has appointed Siddhartha Capital Ltd as its Issue Manager to manage the right issue.…

NRB to issue 5 Yearly Development Bonds worth Rs 6 Bn
NRB to issue 5 Yearly Development Bonds worth Rs 6 Bn
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April 16: Nepal Rastra Bank (NRB) on behalf of the government is issuing development bonds amounted to Rs 6 billion from April 18. The development bond with a maturity period of 5 years is being issued by Public Debt Management Department, NRB to accumulate internal loan for the government.…

Right Issue of NB Insurance Assigned Grade 4 Rating
Right Issue of NB Insurance Assigned Grade 4 Rating
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April 16: ICRA Nepal has assigned grade 4 rating to the proposed rights issue of NB Insurance Company Limited (NBIL). The grade indicates below average fundamentals to the proposed rights issue of the company amounting to Rs 270…

Int’l Trade Fair and Innovation Exhibition to Kickoff
Int’l Trade Fair and Innovation Exhibition to Kickoff
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April 13: Federation of Nepal Cottage and Small Industries (FNCSI) is going to organize ‘Nepal 13th International Trade Fair and Innovation Expo 2074’. The event will kick-off on 20th to 24th April in Exhibition Hall of Bhrikutimandap, Kathmandu, informed the organizers in a press meet on April…

Ncell To Provide Automatic Roaming Service
Ncell To Provide Automatic Roaming Service
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April 13: Ncell, a mobile service provider company of Nepal has introduced attractive roaming scheme for its prepaid and postpaid customers on the occasion of New Year 2074. Under the scheme, the company unveiled daily data roaming pack, daily roaming voice and SMS pack at reasonable price for its customers going in foreign…

Government’s Arrears Reaches Peak
Government’s Arrears Reaches Peak
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April 13: The Office of the Auditor General (OAG) has submitted the 54th annual Audit Report to President Vidhya Devi Bhandari on April 12. According to the report, published by OAG on Wednesday, the unsettled accounts in the FY 2072/73 have reached Rs 396.26 billion. The amount is more than 68 billion compared to the…