Reliance Approves 15% Bonus Share
Reliance Approves 15% Bonus Share
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January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7th annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches.…

Gorkhas Finance to Issue 2:1 Right Shares
Gorkhas Finance to Issue 2:1 Right Shares
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January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs.…

Regular Training for Promoters and Employees of BFI Mandatory
Regular Training for Promoters and Employees of BFI Mandatory
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January 11: Nepal Rastra Bank (NRB) has made it mandatory for ‘A’, ‘B’ and ‘C’ class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act,…

Ncell Honored as Largest Advertisement Tax Payer
Ncell Honored as Largest Advertisement Tax Payer
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January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on…

Mahindra Launches E2osportz Car in Nepal
Mahindra Launches E2osportz Car in Nepal
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January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra & Mahindra unveiled the car organizing a…

NIC ASIA Bank and Nepal Red Cross Society Sign MoU for Blood Donation Camps

January 11: Nepal Red Cross Society and NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January…

Qatar Airways Unveils Travel Festival Offer
Qatar Airways Unveils Travel Festival Offer
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January 11: Qatar Airways has unveiled its 'Travel Festival 2017'. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017.…

A record production of 5. 2 million mt
A record production of 5. 2 million mt
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January 10: Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent…

Hydropower Investment through Online Starts
Hydropower Investment through Online Starts
  5   1 minutes 37 seconds to read

January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website www.moenonline.moen.gov.np for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January…

OPPO Honored with 2 awards by IDG
OPPO Honored with 2 awards by IDG
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January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas’ annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand…

203 BFIs invested Rs 60.44 billion in Far-Western Region
203 BFIs invested Rs 60.44 billion in Far-Western Region
  0   1 minutes 26 seconds to read

January 10: As per the NRB Dhangadi, various bank and financial institutions (BFIs) operating in nine districts of Far-Western Region have invested Rs 60.44 billion loan by June/July of the last…

Intex Q7N Launched in Nepali Market
Intex Q7N Launched in Nepali Market
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January 10: Intex Q7N Pro has been launched in the Nepali market. Ramesh Shrestha, Senior General Manager of Chaudhary Group, the authorised distributor of the mobile launched the mobile in the…

213 Companies Registered at CDSC
213 Companies Registered at CDSC
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January 10: A total of 213 companies are registered in CDS and Clearing (CDSC) Ltd. The sixth annual general meeting of the company held on January 9 informed about the fact. In the AGM, Sita Ram Thapaliya, Chairman of the BOD of the company presented financial report of the company.…

Spread the Warmth Campaign of Dabur Chyawanprash
Spread the Warmth Campaign of Dabur Chyawanprash
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January 10: Dabur Chyawanprash has started a winter campaign 'Spread the Warmth'. Under the campaign, the company organised 'School Immuno Champ 2016' program in 31 schools of the capital. The company informed about internal power, healthy and balanced food, hot water and cleanliness to the participants in the program.…

Tata Tiago at 5% Interest Rate
Tata Tiago at 5% Interest Rate
  0   21 seconds to read

January 10: Sipradi Trading, the authorised distributor of Tata Motors for Nepal, is offering Tata Tiago in minimum interest rate and easy instalment. According to the company, customers can purchase Tata Tiago with only 5.49 per cent minimum interest rate without any service charge. Under the scheme, customers are also entitled to receive free accessories worth Rs 25,000. The company brought the scheme in collaboration with Everest bank.…