Global IME and MasterCard in a Pact
Global IME and MasterCard in a Pact
  0   27 seconds to read

January 10: An agreement has been finalised between Global IME Bank and MasterCard. According to the agreement, Global IME Bank will provide the issuer and acquirer processing services of the MasterCard. Janak Sharma Poudel, Senior Deputy CEO of Global Bank and Narendra Nanda, Senior Business Leader for South Asia, MasterCard Payment Solution signed the agreement paper on the regard. With the agreement, MasterCard assigned the first of its kind services in Nepal to Global Bank which will further secure and speed the banking…

Sunrise Bank Endorses Proposal of Acquiring NIDC Capital Markets

January 10: Sunrise Bank is acquiring NIDC Capital Markets. The special general meeting (SGM) of the bank held on January 10 approved a proposal of acquiring the Capital Markets. The SGMs of both institutions held separately approved the proposal. Given that, the both institutions have already concluded the final agreement on the acquirement, the SGMs approved of carrying out other agreements including DDA. The SGM conducted under the chairmanship of Motilal Dugar, BOD Chairman of Sunrise Bank, has also sanctioned of submitting joint application to NRB for final approval.…

Everest Bank Distributes Winter Clothes in Old Age Home
Everest Bank Distributes Winter Clothes in Old Age Home
  0   41 seconds to read

January 10: Everest Bank has distributed winter clothes to senior citizens resided at old age home of Pashupatinath Temple. Dr Ram S Sangapure, Executive Director of Punjab National Bank, Someshwor Seth, CEO of Everest Bank and Dr Gobinda Tandon, Member Secretary of Pashupati Area Development Trust distributed the winter clothes to the senior citizens of old age home amid a program organised at the premises of the temple on January,…

NT begins MSAG in Pokhara
NT begins MSAG in Pokhara
  0   1 minutes 13 seconds to read

January 9: Nepal Telecom (NT) has started Multi Service Access Gateway (MSAG) service at Chinedanda of Pokhara. Minister for Information and Communications Surendra Kumar Karki inaugurated the new service…

Supreme Court Removes Karki from CIAA
Supreme Court Removes Karki from CIAA
  0   1 minutes 25 seconds to read

January 9: The Supreme Court on January 8 removed Lok Man Singh Karki from the post of Chief Commissioner of the Commission of the Investigation of Abuse of Authority…

Government Forms Committee to Study Metro Rail in Kathmandu
Government Forms Committee to Study Metro Rail in Kathmandu
  0   1 minutes 32 seconds to read

January 8: The government has formed a high-level committee to study the feasibility and modality of metro rail service in the Kathmandu Valley. The committee led by a member of the National Planning…

Skyworth Washing Machine in the Market
Skyworth Washing Machine in the Market
  0   38 seconds to read

January 8: Smart Appliances, the authorised distributors of Skyworth Electronics has introduced the Skyworth’s latest washing machine with Direct Drive Technology in Nepal. Issuing a press statement, the company informed that the washing machine which comes with a warranty of 10 years is priced at Rs 81,000 in the…

CAN Softech Summit 2017 Concludes
CAN Softech Summit 2017 Concludes
  0   46 seconds to read

January 8: The ‘CAN Softech-2017’ organised by the Federation of Computer Association Nepal (CAN Federation) in Kathmandu concluded on Friday. Yomari Software was the sponsor of the one-day software expo.…

‘Sure Shot Gift’ Offer of LG
‘Sure Shot Gift’ Offer of LG
  0   29 seconds to read

January 8: CG electronics, the authorised distributer of LG products in Nepal has announced ‘Sure Shot Gift’ offer on the purchase of convection microwave ovens.The company launched the offer with a slogan ‘Create Delicacies with a Healthy…

PC Fighter Wins T20 Interclub Tournament
PC Fighter Wins T20 Interclub Tournament
  0   27 seconds to read

January 8: PC Fighter Club has won the T20 Interclub cricket tournament organised by the Embassy of Pakistan in Nepal. Minister of Youth and Sports Daljit Shreepaili distributed trophy and certificates to the players of winning team amid a programme organised by the Embassy on…

Arghakhanchi Cement Organises Meet Program
Arghakhanchi Cement Organises Meet Program
  0   22 seconds to read

January 8: Arghakhanchi cement has organised a Meet Program with engineers, retailers and construction entrepreneurs in Myagdi, Parbat and Baglung district on January 4. Bikash Bhattarai, Engineer of the company highlighted about the quality and manufacturing process of Arghakhanchi cement to the participants in the program. Ramesh Thapa, Senior Sales and Marketing Manager of the company committed to carry out excessive marketing of the cement in coming days.…

SEBON to Approve Brokers' Branch Expansion
SEBON to Approve Brokers' Branch Expansion
  0   1 minutes 6 seconds to read

January 8: Security Board of Nepal (SEBON) is preparing to give branch (remote work extension) expansion approval to securities brokers. According to SEBON, it is permitting branch expansion so that to minimize the risk of the securities brokers and to give easy service to the investors. Issuing a statement, SEBON said that the permission will be granted for the branch expansion as soon as Nepal Stock Exchange Limited (NEPSE) provides its suggestion and recommendation regarding the matter. Earlier, SEBON during a meeting of NEPSE, CDS and Clearing Limited and representatives of stock brokers held on January 1 had asked to submit the proposal of required groundwork for the…

Minister Sharma Vows to Make All Districts Power Cut Free
Minister Sharma Vows to Make All Districts Power Cut Free
  0   57 seconds to read

January 8: Minister for Energy Janardan Sharma has said that his ministry would work rigorously to make districts outside Kathmandu Valley free from power cut. As per this, locals of Lekhnath Municipality of Pokhara have not been bearing the brunt of power cut for the past two…

Only 89 Quake Victims Receive Subsidised Loans
Only 89 Quake Victims Receive Subsidised Loans
  0   2 minutes 9 seconds to read

January 8: After the government decided to issue subsidised loans at 2 percent interest rate under the refinancing facility to aid earthquake victims to reconstruct their houses, only 89 victims have received such loans so far. As per a recent NRB data, 28 people last year and 61 victims this year have received the loans from 11 BFIs. They have taken the loans under the refinancing scheme from A, B and C categories from across the…