NIDC in 58th Year
NIDC in 58th Year
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June 16: NIDC Development Bank celebrates its 58th anniversary on Wednesday. Finance Minister, State Minister of Finance, Governor of NRB, Finance Secretary, Revenue Secretary along with other high ranking government and NRB officials were present to mark the bank’s…

SGM Approves Merger of Siddhartha,  Mahalaxmi and Malika
SGM Approves Merger of Siddhartha, Mahalaxmi and Malika
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June 16: The merger agreement of Siddhartha Finance Ltd, Mahalaxmi Finance Ltd and Malika Development Bank has been approved by the special general meeting of Siddhartha Finance. The meeting was held on June 14 at Bhairahawa in the chairmanship of Ramesh Kumar Agrawal, Chairman of the Finance. The new entity formed after merger will be named as Mahalaxmi Development Bank. After the merger, the paid- up capital of Mahalaxmi Development Bank will be Rs 1.15 billion. Similarly, the institution will have Rs 10.71 billion in deposits and Rs 8.67 billion in…

Arjun Novo 605DI Tractor Launched
Arjun Novo 605DI Tractor Launched
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June 16: Mahindra Arjun Novo -605DI tractor has been launched in Nepal. Mahindra and Mahindra’s Farm Equipment Sector (FES), a part of the USD 17.2 billion Mahindra Group and Agni Group launched the new tractor in the domestic market. The company claims that the new generation tractor is the most technologically advanced and stylishly designed, based on a whole new platform. “The new platform would be offered in range from 55-75 HP and right now the product offered falls in 60 HP category,” informs the company in a press…

New Tata Showroom at Dang
New Tata Showroom at Dang
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June 16: Sipradi Trading has opened the new showroom at Dang in order to sell TATA vehicles by appointing BN Automobiles as authorized seller. Hem Bahadur Banjade, Chairman of Dang Chamber of Commerce and Industries has inaugurated the showroom. The company claims that market expansion of Tata Motors will heighten with the opening of the new showroom. The new showroom showcases passenger vehicles of Tata Motors. Along with the opening, network of the company has expanded all across the…

Shrestha Received Honda Hornet 160R
Shrestha Received Honda Hornet 160R
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June 16: Syakar Trading, the authorized seller of Honda two-wheelers for Nepal provided Honda Hornet 160R motorbike to Nawayug Shrestha, striker of Nepali National Football team. The company informed that the prize was given for his special contribution in games played inside and outside…

Unibis Cookies in Nepali Market
Unibis Cookies in Nepali Market
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June 16: Tunche Himalaya Trading Pvt Ltd has started sales of Unibis cookies in Nepali market. The Tunche Himalaya inaugurated the sale of Unibic cookies of Unibis Foods India, amid a program organised on June 15. It will sell 20 types of cookies of Unibis Foods India. Speaking in the program, Dipankar Roy, the Export Manager of Unibic Foods informed that the Unibis cookies will be unique than other cookies available in Nepali market. He added, "I believe that Nepali customers will accept the Unibis cookies." The company informed that the cookies are being exported in 20 different nations all across the world.…

Mahindra’s Showroom in Pokhara
Mahindra’s Showroom in Pokhara
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June 16: Mahindra has launched its showroom in Pokhara. Agni Incorporate, the authorized dealer of Mahindra four-wheelers and Batas Brothers, the authorized dealer of Mahindra for Gandaki and Dhaulagiri zone jointly launched the new showroom at Uttam Chowk, Pokhara.…

Mobile Expo in BG Mall
Mobile Expo in BG Mall
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June 16: A mobile expo has been started in BG Mall, located at New Bus Park, Kathmandu from June 15. The mobile expo was inaugurated by Miss Nepal Asmi Shrestha. The expo carries various schemes under which mobile phone buyers will not return with empty…

Kamana Bank and Kaski Finance to Start Joint Transaction
Kamana Bank and Kaski Finance to Start Joint Transaction
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June 16: Kamana Bikas Bank (KBB) and Kaski Finance Limited (KFL) are going to start the joint transaction from June 20. The transaction will be started in the name of Kamana Bikas Bank after the…

Winner of Carlsberg 'Live It Live' Scheme Going To France
Winner of Carlsberg 'Live It Live' Scheme Going To France
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June 16: The winners of Carlsberg ‘Live it live’ Scheme Nabaraj Kandel and Om Karesh Nakarmi are going to France on Thursday to attend a match in Euro Cup 2016 . Earlier, Carlsberg had launched 'Live It Live' scheme on the occasion of Euro Cup 2016. The winner duo will watch the match between Italy and Sweden on…

Production of Sagarmatha Cement via Roller Pressure
Production of Sagarmatha Cement via Roller Pressure
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Ghorahi Cement Industry has started production of cement roller pressure using KHD Humboldt technology from July 14. Issuing a press statement, the company informs that with the use of roller pressure the cement producing capacity has increased from 750 metric ton per day to 2,000 metric ton per day. “We believe that the increase in production capacity will help in import displacement campaign,” states the company. According to the company, the cement produced by the company is being used at large hydropower project, bridge, construction of roads and drinking water supply projects.…

 Israeli Ambassador Meets CNI Officials
Israeli Ambassador Meets CNI Officials
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June 15: A meeting between officials of CNI and delegates led by Yaren Mayer, Ambassador of Israel was held on June 14 at secretariat office of Confederation of CNI. The meeting was aimed at development and continuation of trade relations between two…

 CG NXT GEN Showroom at Sanepa
CG NXT GEN Showroom at Sanepa
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June 15: 'CG NXT GEN' has established its showroom in Sanepa with a view to provide new experience to its customers. The showroom was inagurated jointly by Arun Kumar Chaudhary, CMD of CG NXT GEN and Shashank Srivastav, Executive Director of International Business, Maruti Suzuki…

 Direct Trade Regulation in the Offing
Direct Trade Regulation in the Offing
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June 15: The government is preparing to formalise direct trade of goods and services. Ministry of Commerce informs that a draft bill on direct sale of goods and services (administration and regulation act) has been prepared and sent to Law Ministry. According to Commerce Ministry, it has prepared the draft two months ago in order to manage and regulate informal sales and distribution of goods and services.…

Adventure Tourism Guide Training Starts
Adventure Tourism Guide Training Starts
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June 15: A eight-day training of adventure tourism guides has started in Kathmandu. Jointly organized by Trekking Agency Association of Nepal (TAAN) and Adventure Travel Trade Association (ATTA), USA, the training is being held at the central office of TAAN in…