InFocus M680 Enters Nepali Market
InFocus M680 Enters Nepali Market
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January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali…

Ford Endeavour Bags Full-Size SUV of the Year Award
Ford Endeavour Bags Full-Size SUV of the Year Award
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January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and…

Jagdamba Bags Best Industry 2073 Award
Jagdamba Bags Best Industry 2073 Award
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January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC, PPC and PSP cements from its two industries-- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Earlier, Subha Shree Jagadamba Cement Mills was provided NS Quality Award twice by Nepal Quality and Measurement Department.…

NRB to Invest 2.28 Billion in Fixed Deposit
NRB to Invest 2.28 Billion in Fixed Deposit
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January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from January 15 2016 to January 14…

Govt to Establish Industrial Research Centre
Govt to Establish Industrial Research Centre
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January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market…

Mobile App for Passport Form Submission
Mobile App for Passport Form Submission
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January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January…

Newroad Mobile Expo Concludes with Rs 230 mn Transactions
Newroad Mobile Expo Concludes with Rs 230 mn Transactions
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January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders…

Establish Industry, I will provide Electricity: Energy Minister
Establish Industry, I will provide Electricity: Energy Minister
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January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing…

Vibor Society Bags 'Best Enterprise' Award
Vibor Society Bags 'Best Enterprise' Award
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January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the…

Siddhartha and Himalayan in Bancassurance Pact
Siddhartha and Himalayan in Bancassurance Pact
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January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions.…

NEA in PPA Deals with Micro Hydropower Projects
NEA in PPA Deals with Micro Hydropower Projects
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January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end…

ISPs Stepping Back from Wireless Services
ISPs Stepping Back from Wireless Services
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January 3: Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless…

'New NRB Act will Increase Financial Thrive and Stability'
'New NRB Act will Increase Financial Thrive and Stability'
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January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the…

NRB Hand Over NCC Management
NRB Hand Over NCC Management
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January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter…

Machhapuchchhre Bank Supports School
Machhapuchchhre Bank Supports School
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January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility.…