Mi 5s Launched in Nepali Market
Mi 5s Launched in Nepali Market
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January 16: Vatsal Impex, the authorised distributor of Chinese smartphone company Xiaomi has launched Mi 5s in the Nepali…

SCB appoints NMB Capital as Issue Manager
SCB appoints NMB Capital as Issue Manager
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January 16: Standard Chartered Bank (SCB) Nepal has appointed NMB Capital as its issue manager. Joseph Silvanus, CEO of SCB and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper regarding the matter on January 15. The bank informed that the agreement is carried out to float 20558,140 units of further public offering in near future.…

PM Dahal to Address World Future Energy Summit in UAE
PM Dahal to Address World Future Energy Summit in UAE
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Kathmandu, Jan. 15: Prime Minister Pushpa Kamal Dahal and Energy Minister Janardan Sharma flew to Abu Dhabi, the capital of United Arab Emirates (UAE) to participate in "World Future Energy Summit, 2017" on…

Hamro Bikash Bank Approves Bonus and Right share
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January 15: The 8th annual general meeting of Hamro Bikash Bank has approved 25 per cent bonus share. Moreover, the meeting also approved a proposal of issuing 1:2 right shares from the paid-up capital maintained after distribution of bonus share.…

Fewa to Merge with Gandaki Bikash Bank
Fewa to Merge with Gandaki Bikash Bank
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January 15: A proposal suggesting a merger with Fewa Bikash Bank and Gandaki Bikash Bank has been endorsed by the 9th annual general meeting (AGM) of Fewa Bikash…

CIT Mobile App Service Starts
CIT Mobile App Service Starts
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January 15: Citizen Investment Trust has started CIT mobile app. Rajan Khanal, Revenue Secretary of Finance Ministry inaugurated the services from Pokhara branch of the Trust. "The app has saved time and administrative hassles of the service seekers," said…

Alpine to distribute 14.5% Bonus Share
Alpine to distribute 14.5% Bonus Share
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January 15: Alpine Development Bank is distributing 14.50 per cent bonus share. The 9th annual general meeting of the bank held at Hetauda on January 13 approved a proposal of distributing the dividend. Mohana Lohani, Chairman of the bank presented the annual report of the bank. The AGM unanimously selected Mohana Lohani, Navraj Raut and Sudarshan Prasad Adhikari as the members of its BOD. The BOD meeting held after the AGM selected Sudarshan Prasad Adhikari as the Chairman of the BOD.…

Kailash Endorses 24% Bonus Share
Kailash Endorses 24% Bonus Share
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January 15: Kailash Bikash Bank is distributing 25 per cent bonus share. The 23th annual general meeting of the bank held on January 13 endorsed a proposal of issuing the 25 per cent bonus share to its shareholders. The bank's paid-up capital will reach Rs 1.97 billion after distribution of the bonus…

NMB Hands Over Drone to Metropolitan Traffic Police
NMB Hands Over Drone to Metropolitan Traffic Police
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January 15: NMB Bank has provided drone to Metropolitan Traffic Police. Upendra Poudel, CEO of the bank handed over the drone to Prakash Aryal, Deputy Inspector General of Police at the Metropolitan Traffic Police Division on January 13. The bank said that it provided the drone so that to increase the technical capability of the traffic police under its corporate social responsibility. In the program, the traffic police also conducted a test flight of the drone.…

Shangri-La Re-launches Tibetan Hot Pot for Winter
Shangri-La Re-launches Tibetan Hot Pot for Winter
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January 13: Shangri-La Hotel has re-launched the Tibetan Hot Pot (Gyakok) for this winter. “The dish includes thinly sliced meat, leaf vegetables, mushrooms, wontons, egg dumplings, tofu and seafood tastefully arranged in a charcoaled steaming Tibetan pot,” says the hotel in a press statement. To give a twist the hotel has added side dishes such as Kimchi salad, garlic cucumber, Mushroom Boy Choy and steam rice whereas T-momo, chicken momo and veg momo are also in regular Gyakok menu. According to the hotel, hot pot can also be modified according to the customer’s choice and taste. Likewise, Gyakok can be enjoyed in Shambala Garden of the…

Government Unveils 14th Three Yearly Development Plan
Government Unveils 14th Three Yearly Development Plan
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January 13: The government has announced a 14th three yearly development plan with a target of spending Rs 3200 billion. As per the National Planning Commission, the government need to spend the aforementioned amount in order to achieve the targeted economical growth rate based on incremental capital output ratio (ICOR). The plan that starts in the current FY will end in 2074/76 under which the government has targeted of achieving average 7.2 per cent economic growth…

Huawei Sets a Guinness World Record of Taking Selfies
Huawei Sets a Guinness World Record of Taking Selfies
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January 13: Huawei Mate9, the latest flagship smartphone from the Chinese handset manufacturer Huawei, has broken the Guinness World Record for capturing 160 high definition selfies. Issuing a press statement, Huawei Technologies Nepal informed that the new world record of taking selfies on was set on January 11 in three minutes at the Palace Downtown Dubai, United Arab Emirates with the iconic Burj Khalifa as a back…

'Nepal ko Pani, Janata ko Lagi' Fetches Rs 1.5 Billion Investment Commitment in 3 days

January 13: Day wise increase in the number of people willing to invest in hydropower sector has been seen. The number of commitments willing to invest in hydropower sector in an online commitment system introduced by the government to collect the data on commitments has reached above 18,000 in just three days. Among them, 18,207 commitments are from personal…

Standard Chartered to Issue FPO in Premium
Standard Chartered to Issue FPO in Premium
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January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive.…

Honda Announces Winners of Festive Scheme
Honda Announces Winners of Festive Scheme
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January 13: Syakar Trading Company, the authorised distributor of Honda motorcycles and vehicles for Nepal has announced the winners of its Dashain Tihar festive scheme 'Honda Wheel of…