April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total…
April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total…
April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in…
April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia…
April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11th anniversary.…
April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and…
April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded…
April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7.…
April 12: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches.…
April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of…
April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner.…
In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies…
In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china…
It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients.…
Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia.…
The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the…
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Issuing a press statement on April 10, the airline company said that the signing ceremony took place on Wednesday, April 4 at the Oryx Rotana Hotel in Doha.</p> <p>Qatar Airways Group Chief Executive Akbar Al Baker signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, VitalyVantsev.</p> <p> “As we celebrate the Year of Culture between Russia and the State of Qatar, I am very pleased to announce the potential acquisition of up to 25 per cent of Moscow's Vnukovo International Airport. Such an investment will complement the strong ties we have already established with the country, with our launch of direct services to St Petersburg late last year, as well as our triple-daily flights to Moscow. All our investments are part of our existing expansion strategy, through which we aim to be able to bring even more people together from all parts of the globe,” Al Baker said.</p> <p>This potential investment supports the award-winning airline’s investment strategy, which already includes 20 per cent investment in International Airlines Group, 10 per cent investment in LATAM Airlines Group, 9.94 per cent investment in Cathay Pacific and 49 per cent investment in Air Italy, according to the statement.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7737', 'image' => '20180412013224_qatar.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7955', 'article_category_id' => '1', 'title' => 'RMDC Organizes Training on Financial Literacy', 'sub_title' => '', 'summary' => 'April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang.', 'content' => '<p>April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang. Altogether 27 financial institutions from 10 working districts of RMDC participated in the training held from April 9 to 11.</p> <p>According to the RMDC, there were altogether 31 participants of management level staff present in the training. The program was facilitated by Itahari Branch Manager Govinda Prasad Poudel.</p> <p>The trainer of the program was Prakash Koirala, managing director of FINLIT Nepal Private Ltd. During this three-day training, Koirala discussed about the meaning of financial literacy, its importance, value of time, importance of money, importance of saving, process of saving, loan management process, vocational planning development, process of utilizing money received from remittance, process and important of insurance through games, presentations, discussions and audio-visual methods.</p> <p>At the end of the training, the participants shared that the training was very useful and they committed to share their knowledge with their colleagues. In the closing ceremony, Koirala shared his view that the objective of the training will only be achieved when all the participants utilize the learning in their financial literacy activities.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7736', 'image' => '20180412010929_RMDC.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7954', 'article_category_id' => '1', 'title' => 'Khaniya Appointed Chairman of NIC Asia Microfinance', 'sub_title' => '', 'summary' => 'April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.', 'content' => '<p>April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.</p> <p>Nepal Rastra Bank's Executive Director Narayan Prasad Poudel administered oath of office and secrecy to Khaniya on Wednesday, April 11.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7735', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7953', 'article_category_id' => '1', 'title' => 'Citizens Bank's Financial Support to Kamal School', 'sub_title' => '', 'summary' => 'April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11th anniversary. ', 'content' => '<p>April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11<sup>th</sup> anniversary. The bank with its slogan 'Your Partner for Progress' provided Rs 250,000 to the school on Wednesday, April 11.</p> <p>The bank's CEO Rajan Singh Bhandari handed over a cheque to the school's Principal MB Khadka amid a function. The principal informed that the amount will be utilized to provide salary of the teachers.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7734', 'image' => '20180412125202_citizens.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7952', 'article_category_id' => '1', 'title' => 'Visit of Youth Delegation from India to Nepal', 'sub_title' => '', 'summary' => 'April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.', 'content' => '<p>April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.</p> <p>Kathmandu-based Indian Embassy informed that the Youth Exchange Programme was held in pursuance of the November 2014 MoU between the Ministry of Youth Affairs and Sports of India and the Ministry of Youth and Sports of Nepal.</p> <p>According to the Indian Embassy, the delegation comprised students from leading educational institutions of India including IITs, AIIMS, NIT, National Law School of India University as well as Rajiv Gandhi National Institute of Youth Development. The students came from different parts of India.</p> <p>During their week-long stay in Nepal, the youth delegates interacted with National Youth Council of Nepal, Nepal Tourism Board, Chamber of Commerce (youth wing). They visited the Pashupatinath Temple, Bhaktapur Durbar Square, Nagarkot and also travelled to Lumbini, Chitwan and Pokhara, the Indian Embassy said in a statement.</p> <p>The youth delegation concluded their visit on April 11 and found the Exchange Programme to be a great learning experience which also helped them in acknowledging and appreciating the deep bond of friendship between India and Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7733', 'image' => '20180412124806_Photo 1.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7951', 'article_category_id' => '1', 'title' => 'John Players New Year 2075 Offer', 'sub_title' => '', 'summary' => 'April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.', 'content' => '<p>April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.</p> <p>On occasion of New Year 2075, the company has announced exciting offers for its customers. Under thsi offer, customers purchasing John Players apparel worth Rs 2075 get a scratch card, which can have instant discount of upto Rs 2075.</p> <p>This offer is available from April 6 to May 3.</p> <p>John Players range encompasses shirts, T-shirts, trousers, shorts and denim.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7732', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7950', 'article_category_id' => '1', 'title' => 'Outreach Bags Internatioanl Advertising Award', 'sub_title' => '', 'summary' => 'April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. ', 'content' => '<p>April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. Issuing a press statement, the company said it won a Bronze Abby in the awadrs ceremony participated by leading advertising agencies of South Asia.</p> <p>Goafest is the biggest and the most prestigious advertising festival hosted by The Advertising Agencies Association of India (AAAI) in association with the Advertising Club. It is a three-day annual event, where the big names of advertising participate to celebrate the best work in advertising in the region. The entries are judged by some of the renowned names from the profession, according to the statement.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7731', 'image' => '20180412114809_Abby-Award.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7949', 'article_category_id' => '1', 'title' => ' Kumari Bank Plants Trees in Birgunj', 'sub_title' => '', 'summary' => 'April 12: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 12: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank's Birgunj branch has conducted a tree plantation program.</p> <p>Branch Manager Rajesh Prasad and Bijay Kumar Sarawagi, mayor of Birgunj Metropolitan City, planted trees in the periphery of the bank on the occasion.</p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7730', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7948', 'article_category_id' => '1', 'title' => 'Sunrise branch now in Bamti Bhandar', 'sub_title' => '', 'summary' => 'April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.', 'content' => '<p>April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.</p> <p>Lawmakers Janardan Sharma and Shyam Kumar Shrestha along with Miti Lal Dhungad, chairman of the bank, jointly inaugurated the branch amid a function on Tuesday, April 10.</p> <p>Recently, the bank had opened new branches at Aaurahi of Dhanusha, Durgabhagwati of Rautahat and Guthicgaur of Jumla.</p> <p>Sunrise Bank is currently providing banking services through 80 branches, 95 ATMs, 20 branchless banking facilities and three extension counters across the country.</p> <p>With the opening of the new branch at Bamti Bhandar, the bank aims at making financial transaction easier for the locals.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7729', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7947', 'article_category_id' => '1', 'title' => 'TCL appoints Neymar Jr as its global brand ambassador', 'sub_title' => '', 'summary' => 'April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. ', 'content' => '<p>April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. Issuing a press statement on Wednesday, the company said that it was hopeful that the product would be popular and witness a rapid growth in its sales. “TCL AC having the perfect mixture of technology and art has five years warranty,” the statement added.</p> <p>TCL said it has been engaged in developing AC with specific scenario functions, such as its Air con+ series, which were designed to build up IOT connections between users and air conditioners.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7728', 'image' => '20180412114402_Clipboard01.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7946', 'article_category_id' => '217', 'title' => 'Golchha Organisation', 'sub_title' => '', 'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal. </p> <p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland. The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Yearly Turnover Rs 45 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>20,000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li> <li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li> </ul> <p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p> <ul> <li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7727', 'image' => '20180412105953_Clipboard78.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7945', 'article_category_id' => '217', 'title' => 'Golyan Group', 'sub_title' => '', 'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group. </p> <p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p> <p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Reliance Spinning Mills</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel project</li> <li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li> <li>Westar Residency, a 250 apartment residential project.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>5,000 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group </li> <li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li> <li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li> <li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7726', 'image' => '20180412105150_Clipboard73.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7944', 'article_category_id' => '217', 'title' => 'ICTC Group', 'sub_title' => '', 'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal. </p> <p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors – services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services. </p> <p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Turnover Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li> <li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million </li> <li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span> </p> <ul> <li>Service</li> <li>Engineering and Construction </li> <li>Energy </li> <li>Consumer products </li> <li>Information and communication services</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Hyatt Regency Kathmandu</li> </ul> <p><span style="font-size:16px"><strong>Planned Projects</strong></span></p> <ul> <li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li> <li>A 4-star hotel primarily catering to Chinese tourists</li> <li>International Exhibition Centre with 1,000 car capacity</li> <li>Taragaon Village, a Boudha-based project with a replica of Thamel </li> <li>Engagement in government projects including Upper Karnali with India’s GMR and West Seti with China’s Three Gorges</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7725', 'image' => '20180412104529_Clipboard70.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7943', 'article_category_id' => '217', 'title' => 'IME Group', 'sub_title' => '', 'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal's first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers’ community. IME also proved to be a defining innovation for the country’s financial system enabling formal channelisation of remittance into the country. </p> <p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p> <p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual turnover USD 1,200 million</li> <li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li> <li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments </strong></span></p> <ul> <li>Planning major expansion with IME Pay that will look into the mobile wallet. </li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7724', 'image' => '20180412103326_Clipboard69.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7942', 'article_category_id' => '217', 'title' => 'Jyoti Group', 'sub_title' => '', 'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname ‘Syamukapu’ (meaning white hat in Tibetan). After the political changes in Tibet, he stopped trading there. </p> <p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar’s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal’s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>The estimated annual turnover of the group is USD 150 million</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7723', 'image' => '20180412102137_Clipboard66.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7956', 'article_category_id' => '1', 'title' => 'Qatar Airways to Acquire 25 Percent Shares of Russian Airport', 'sub_title' => '', 'summary' => 'April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares.', 'content' => '<p>April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares. Issuing a press statement on April 10, the airline company said that the signing ceremony took place on Wednesday, April 4 at the Oryx Rotana Hotel in Doha.</p> <p>Qatar Airways Group Chief Executive Akbar Al Baker signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, VitalyVantsev.</p> <p> “As we celebrate the Year of Culture between Russia and the State of Qatar, I am very pleased to announce the potential acquisition of up to 25 per cent of Moscow's Vnukovo International Airport. Such an investment will complement the strong ties we have already established with the country, with our launch of direct services to St Petersburg late last year, as well as our triple-daily flights to Moscow. All our investments are part of our existing expansion strategy, through which we aim to be able to bring even more people together from all parts of the globe,” Al Baker said.</p> <p>This potential investment supports the award-winning airline’s investment strategy, which already includes 20 per cent investment in International Airlines Group, 10 per cent investment in LATAM Airlines Group, 9.94 per cent investment in Cathay Pacific and 49 per cent investment in Air Italy, according to the statement.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7737', 'image' => '20180412013224_qatar.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7955', 'article_category_id' => '1', 'title' => 'RMDC Organizes Training on Financial Literacy', 'sub_title' => '', 'summary' => 'April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang.', 'content' => '<p>April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang. Altogether 27 financial institutions from 10 working districts of RMDC participated in the training held from April 9 to 11.</p> <p>According to the RMDC, there were altogether 31 participants of management level staff present in the training. The program was facilitated by Itahari Branch Manager Govinda Prasad Poudel.</p> <p>The trainer of the program was Prakash Koirala, managing director of FINLIT Nepal Private Ltd. During this three-day training, Koirala discussed about the meaning of financial literacy, its importance, value of time, importance of money, importance of saving, process of saving, loan management process, vocational planning development, process of utilizing money received from remittance, process and important of insurance through games, presentations, discussions and audio-visual methods.</p> <p>At the end of the training, the participants shared that the training was very useful and they committed to share their knowledge with their colleagues. In the closing ceremony, Koirala shared his view that the objective of the training will only be achieved when all the participants utilize the learning in their financial literacy activities.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7736', 'image' => '20180412010929_RMDC.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7954', 'article_category_id' => '1', 'title' => 'Khaniya Appointed Chairman of NIC Asia Microfinance', 'sub_title' => '', 'summary' => 'April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.', 'content' => '<p>April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.</p> <p>Nepal Rastra Bank's Executive Director Narayan Prasad Poudel administered oath of office and secrecy to Khaniya on Wednesday, April 11.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7735', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7953', 'article_category_id' => '1', 'title' => 'Citizens Bank's Financial Support to Kamal School', 'sub_title' => '', 'summary' => 'April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11th anniversary. ', 'content' => '<p>April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11<sup>th</sup> anniversary. The bank with its slogan 'Your Partner for Progress' provided Rs 250,000 to the school on Wednesday, April 11.</p> <p>The bank's CEO Rajan Singh Bhandari handed over a cheque to the school's Principal MB Khadka amid a function. The principal informed that the amount will be utilized to provide salary of the teachers.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7734', 'image' => '20180412125202_citizens.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7952', 'article_category_id' => '1', 'title' => 'Visit of Youth Delegation from India to Nepal', 'sub_title' => '', 'summary' => 'April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.', 'content' => '<p>April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.</p> <p>Kathmandu-based Indian Embassy informed that the Youth Exchange Programme was held in pursuance of the November 2014 MoU between the Ministry of Youth Affairs and Sports of India and the Ministry of Youth and Sports of Nepal.</p> <p>According to the Indian Embassy, the delegation comprised students from leading educational institutions of India including IITs, AIIMS, NIT, National Law School of India University as well as Rajiv Gandhi National Institute of Youth Development. The students came from different parts of India.</p> <p>During their week-long stay in Nepal, the youth delegates interacted with National Youth Council of Nepal, Nepal Tourism Board, Chamber of Commerce (youth wing). They visited the Pashupatinath Temple, Bhaktapur Durbar Square, Nagarkot and also travelled to Lumbini, Chitwan and Pokhara, the Indian Embassy said in a statement.</p> <p>The youth delegation concluded their visit on April 11 and found the Exchange Programme to be a great learning experience which also helped them in acknowledging and appreciating the deep bond of friendship between India and Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7733', 'image' => '20180412124806_Photo 1.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7951', 'article_category_id' => '1', 'title' => 'John Players New Year 2075 Offer', 'sub_title' => '', 'summary' => 'April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.', 'content' => '<p>April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.</p> <p>On occasion of New Year 2075, the company has announced exciting offers for its customers. Under thsi offer, customers purchasing John Players apparel worth Rs 2075 get a scratch card, which can have instant discount of upto Rs 2075.</p> <p>This offer is available from April 6 to May 3.</p> <p>John Players range encompasses shirts, T-shirts, trousers, shorts and denim.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7732', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7950', 'article_category_id' => '1', 'title' => 'Outreach Bags Internatioanl Advertising Award', 'sub_title' => '', 'summary' => 'April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. ', 'content' => '<p>April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. Issuing a press statement, the company said it won a Bronze Abby in the awadrs ceremony participated by leading advertising agencies of South Asia.</p> <p>Goafest is the biggest and the most prestigious advertising festival hosted by The Advertising Agencies Association of India (AAAI) in association with the Advertising Club. It is a three-day annual event, where the big names of advertising participate to celebrate the best work in advertising in the region. The entries are judged by some of the renowned names from the profession, according to the statement.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7731', 'image' => '20180412114809_Abby-Award.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7949', 'article_category_id' => '1', 'title' => ' Kumari Bank Plants Trees in Birgunj', 'sub_title' => '', 'summary' => 'April 12: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 12: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank's Birgunj branch has conducted a tree plantation program.</p> <p>Branch Manager Rajesh Prasad and Bijay Kumar Sarawagi, mayor of Birgunj Metropolitan City, planted trees in the periphery of the bank on the occasion.</p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7730', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7948', 'article_category_id' => '1', 'title' => 'Sunrise branch now in Bamti Bhandar', 'sub_title' => '', 'summary' => 'April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.', 'content' => '<p>April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.</p> <p>Lawmakers Janardan Sharma and Shyam Kumar Shrestha along with Miti Lal Dhungad, chairman of the bank, jointly inaugurated the branch amid a function on Tuesday, April 10.</p> <p>Recently, the bank had opened new branches at Aaurahi of Dhanusha, Durgabhagwati of Rautahat and Guthicgaur of Jumla.</p> <p>Sunrise Bank is currently providing banking services through 80 branches, 95 ATMs, 20 branchless banking facilities and three extension counters across the country.</p> <p>With the opening of the new branch at Bamti Bhandar, the bank aims at making financial transaction easier for the locals.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7729', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7947', 'article_category_id' => '1', 'title' => 'TCL appoints Neymar Jr as its global brand ambassador', 'sub_title' => '', 'summary' => 'April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. ', 'content' => '<p>April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. Issuing a press statement on Wednesday, the company said that it was hopeful that the product would be popular and witness a rapid growth in its sales. “TCL AC having the perfect mixture of technology and art has five years warranty,” the statement added.</p> <p>TCL said it has been engaged in developing AC with specific scenario functions, such as its Air con+ series, which were designed to build up IOT connections between users and air conditioners.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7728', 'image' => '20180412114402_Clipboard01.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7946', 'article_category_id' => '217', 'title' => 'Golchha Organisation', 'sub_title' => '', 'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal. </p> <p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland. The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Yearly Turnover Rs 45 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>20,000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li> <li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li> </ul> <p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p> <ul> <li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7727', 'image' => '20180412105953_Clipboard78.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7945', 'article_category_id' => '217', 'title' => 'Golyan Group', 'sub_title' => '', 'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group. </p> <p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p> <p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Reliance Spinning Mills</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel project</li> <li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li> <li>Westar Residency, a 250 apartment residential project.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>5,000 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group </li> <li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li> <li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li> <li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7726', 'image' => '20180412105150_Clipboard73.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7944', 'article_category_id' => '217', 'title' => 'ICTC Group', 'sub_title' => '', 'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal. </p> <p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors – services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services. </p> <p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Turnover Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li> <li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million </li> <li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span> </p> <ul> <li>Service</li> <li>Engineering and Construction </li> <li>Energy </li> <li>Consumer products </li> <li>Information and communication services</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Hyatt Regency Kathmandu</li> </ul> <p><span style="font-size:16px"><strong>Planned Projects</strong></span></p> <ul> <li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li> <li>A 4-star hotel primarily catering to Chinese tourists</li> <li>International Exhibition Centre with 1,000 car capacity</li> <li>Taragaon Village, a Boudha-based project with a replica of Thamel </li> <li>Engagement in government projects including Upper Karnali with India’s GMR and West Seti with China’s Three Gorges</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7725', 'image' => '20180412104529_Clipboard70.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7943', 'article_category_id' => '217', 'title' => 'IME Group', 'sub_title' => '', 'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal's first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers’ community. IME also proved to be a defining innovation for the country’s financial system enabling formal channelisation of remittance into the country. </p> <p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p> <p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual turnover USD 1,200 million</li> <li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li> <li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments </strong></span></p> <ul> <li>Planning major expansion with IME Pay that will look into the mobile wallet. </li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7724', 'image' => '20180412103326_Clipboard69.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7942', 'article_category_id' => '217', 'title' => 'Jyoti Group', 'sub_title' => '', 'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname ‘Syamukapu’ (meaning white hat in Tibetan). After the political changes in Tibet, he stopped trading there. </p> <p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar’s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal’s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>The estimated annual turnover of the group is USD 150 million</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7723', 'image' => '20180412102137_Clipboard66.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7956', 'article_category_id' => '1', 'title' => 'Qatar Airways to Acquire 25 Percent Shares of Russian Airport', 'sub_title' => '', 'summary' => 'April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares.', 'content' => '<p>April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares. Issuing a press statement on April 10, the airline company said that the signing ceremony took place on Wednesday, April 4 at the Oryx Rotana Hotel in Doha.</p> <p>Qatar Airways Group Chief Executive Akbar Al Baker signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, VitalyVantsev.</p> <p> “As we celebrate the Year of Culture between Russia and the State of Qatar, I am very pleased to announce the potential acquisition of up to 25 per cent of Moscow's Vnukovo International Airport. Such an investment will complement the strong ties we have already established with the country, with our launch of direct services to St Petersburg late last year, as well as our triple-daily flights to Moscow. All our investments are part of our existing expansion strategy, through which we aim to be able to bring even more people together from all parts of the globe,” Al Baker said.</p> <p>This potential investment supports the award-winning airline’s investment strategy, which already includes 20 per cent investment in International Airlines Group, 10 per cent investment in LATAM Airlines Group, 9.94 per cent investment in Cathay Pacific and 49 per cent investment in Air Italy, according to the statement.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7737', 'image' => '20180412013224_qatar.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7955', 'article_category_id' => '1', 'title' => 'RMDC Organizes Training on Financial Literacy', 'sub_title' => '', 'summary' => 'April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang.', 'content' => '<p>April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang. Altogether 27 financial institutions from 10 working districts of RMDC participated in the training held from April 9 to 11.</p> <p>According to the RMDC, there were altogether 31 participants of management level staff present in the training. The program was facilitated by Itahari Branch Manager Govinda Prasad Poudel.</p> <p>The trainer of the program was Prakash Koirala, managing director of FINLIT Nepal Private Ltd. During this three-day training, Koirala discussed about the meaning of financial literacy, its importance, value of time, importance of money, importance of saving, process of saving, loan management process, vocational planning development, process of utilizing money received from remittance, process and important of insurance through games, presentations, discussions and audio-visual methods.</p> <p>At the end of the training, the participants shared that the training was very useful and they committed to share their knowledge with their colleagues. In the closing ceremony, Koirala shared his view that the objective of the training will only be achieved when all the participants utilize the learning in their financial literacy activities.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7736', 'image' => '20180412010929_RMDC.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7954', 'article_category_id' => '1', 'title' => 'Khaniya Appointed Chairman of NIC Asia Microfinance', 'sub_title' => '', 'summary' => 'April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.', 'content' => '<p>April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.</p> <p>Nepal Rastra Bank's Executive Director Narayan Prasad Poudel administered oath of office and secrecy to Khaniya on Wednesday, April 11.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7735', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7953', 'article_category_id' => '1', 'title' => 'Citizens Bank's Financial Support to Kamal School', 'sub_title' => '', 'summary' => 'April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11th anniversary. ', 'content' => '<p>April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11<sup>th</sup> anniversary. The bank with its slogan 'Your Partner for Progress' provided Rs 250,000 to the school on Wednesday, April 11.</p> <p>The bank's CEO Rajan Singh Bhandari handed over a cheque to the school's Principal MB Khadka amid a function. The principal informed that the amount will be utilized to provide salary of the teachers.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7734', 'image' => '20180412125202_citizens.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7952', 'article_category_id' => '1', 'title' => 'Visit of Youth Delegation from India to Nepal', 'sub_title' => '', 'summary' => 'April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.', 'content' => '<p>April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.</p> <p>Kathmandu-based Indian Embassy informed that the Youth Exchange Programme was held in pursuance of the November 2014 MoU between the Ministry of Youth Affairs and Sports of India and the Ministry of Youth and Sports of Nepal.</p> <p>According to the Indian Embassy, the delegation comprised students from leading educational institutions of India including IITs, AIIMS, NIT, National Law School of India University as well as Rajiv Gandhi National Institute of Youth Development. The students came from different parts of India.</p> <p>During their week-long stay in Nepal, the youth delegates interacted with National Youth Council of Nepal, Nepal Tourism Board, Chamber of Commerce (youth wing). They visited the Pashupatinath Temple, Bhaktapur Durbar Square, Nagarkot and also travelled to Lumbini, Chitwan and Pokhara, the Indian Embassy said in a statement.</p> <p>The youth delegation concluded their visit on April 11 and found the Exchange Programme to be a great learning experience which also helped them in acknowledging and appreciating the deep bond of friendship between India and Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7733', 'image' => '20180412124806_Photo 1.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7951', 'article_category_id' => '1', 'title' => 'John Players New Year 2075 Offer', 'sub_title' => '', 'summary' => 'April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.', 'content' => '<p>April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.</p> <p>On occasion of New Year 2075, the company has announced exciting offers for its customers. Under thsi offer, customers purchasing John Players apparel worth Rs 2075 get a scratch card, which can have instant discount of upto Rs 2075.</p> <p>This offer is available from April 6 to May 3.</p> <p>John Players range encompasses shirts, T-shirts, trousers, shorts and denim.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7732', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7950', 'article_category_id' => '1', 'title' => 'Outreach Bags Internatioanl Advertising Award', 'sub_title' => '', 'summary' => 'April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. ', 'content' => '<p>April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. Issuing a press statement, the company said it won a Bronze Abby in the awadrs ceremony participated by leading advertising agencies of South Asia.</p> <p>Goafest is the biggest and the most prestigious advertising festival hosted by The Advertising Agencies Association of India (AAAI) in association with the Advertising Club. It is a three-day annual event, where the big names of advertising participate to celebrate the best work in advertising in the region. The entries are judged by some of the renowned names from the profession, according to the statement.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7731', 'image' => '20180412114809_Abby-Award.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7949', 'article_category_id' => '1', 'title' => ' Kumari Bank Plants Trees in Birgunj', 'sub_title' => '', 'summary' => 'April 12: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 12: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank's Birgunj branch has conducted a tree plantation program.</p> <p>Branch Manager Rajesh Prasad and Bijay Kumar Sarawagi, mayor of Birgunj Metropolitan City, planted trees in the periphery of the bank on the occasion.</p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7730', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7948', 'article_category_id' => '1', 'title' => 'Sunrise branch now in Bamti Bhandar', 'sub_title' => '', 'summary' => 'April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.', 'content' => '<p>April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.</p> <p>Lawmakers Janardan Sharma and Shyam Kumar Shrestha along with Miti Lal Dhungad, chairman of the bank, jointly inaugurated the branch amid a function on Tuesday, April 10.</p> <p>Recently, the bank had opened new branches at Aaurahi of Dhanusha, Durgabhagwati of Rautahat and Guthicgaur of Jumla.</p> <p>Sunrise Bank is currently providing banking services through 80 branches, 95 ATMs, 20 branchless banking facilities and three extension counters across the country.</p> <p>With the opening of the new branch at Bamti Bhandar, the bank aims at making financial transaction easier for the locals.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7729', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7947', 'article_category_id' => '1', 'title' => 'TCL appoints Neymar Jr as its global brand ambassador', 'sub_title' => '', 'summary' => 'April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. ', 'content' => '<p>April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. Issuing a press statement on Wednesday, the company said that it was hopeful that the product would be popular and witness a rapid growth in its sales. “TCL AC having the perfect mixture of technology and art has five years warranty,” the statement added.</p> <p>TCL said it has been engaged in developing AC with specific scenario functions, such as its Air con+ series, which were designed to build up IOT connections between users and air conditioners.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7728', 'image' => '20180412114402_Clipboard01.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7946', 'article_category_id' => '217', 'title' => 'Golchha Organisation', 'sub_title' => '', 'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal. </p> <p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland. The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Yearly Turnover Rs 45 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>20,000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li> <li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li> </ul> <p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p> <ul> <li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7727', 'image' => '20180412105953_Clipboard78.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7945', 'article_category_id' => '217', 'title' => 'Golyan Group', 'sub_title' => '', 'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group. </p> <p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p> <p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Reliance Spinning Mills</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel project</li> <li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li> <li>Westar Residency, a 250 apartment residential project.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>5,000 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group </li> <li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li> <li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li> <li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7726', 'image' => '20180412105150_Clipboard73.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7944', 'article_category_id' => '217', 'title' => 'ICTC Group', 'sub_title' => '', 'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal. </p> <p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors – services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services. </p> <p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Turnover Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li> <li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million </li> <li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span> </p> <ul> <li>Service</li> <li>Engineering and Construction </li> <li>Energy </li> <li>Consumer products </li> <li>Information and communication services</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Hyatt Regency Kathmandu</li> </ul> <p><span style="font-size:16px"><strong>Planned Projects</strong></span></p> <ul> <li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li> <li>A 4-star hotel primarily catering to Chinese tourists</li> <li>International Exhibition Centre with 1,000 car capacity</li> <li>Taragaon Village, a Boudha-based project with a replica of Thamel </li> <li>Engagement in government projects including Upper Karnali with India’s GMR and West Seti with China’s Three Gorges</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7725', 'image' => '20180412104529_Clipboard70.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7943', 'article_category_id' => '217', 'title' => 'IME Group', 'sub_title' => '', 'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal's first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers’ community. IME also proved to be a defining innovation for the country’s financial system enabling formal channelisation of remittance into the country. </p> <p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p> <p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual turnover USD 1,200 million</li> <li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li> <li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments </strong></span></p> <ul> <li>Planning major expansion with IME Pay that will look into the mobile wallet. </li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7724', 'image' => '20180412103326_Clipboard69.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7942', 'article_category_id' => '217', 'title' => 'Jyoti Group', 'sub_title' => '', 'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname ‘Syamukapu’ (meaning white hat in Tibetan). After the political changes in Tibet, he stopped trading there. </p> <p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar’s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal’s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>The estimated annual turnover of the group is USD 150 million</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7723', 'image' => '20180412102137_Clipboard66.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7956', 'article_category_id' => '1', 'title' => 'Qatar Airways to Acquire 25 Percent Shares of Russian Airport', 'sub_title' => '', 'summary' => 'April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares.', 'content' => '<p>April 12: Qatar Airways said it has signed a Memorandum of Understanding (MoU) with Moscow's Vnukovo International Airport, Russia’s third-largest airport, to potentially acquire up to 25 per cent of the airport’s total shares. Issuing a press statement on April 10, the airline company said that the signing ceremony took place on Wednesday, April 4 at the Oryx Rotana Hotel in Doha.</p> <p>Qatar Airways Group Chief Executive Akbar Al Baker signed the MoU along with Chairman of the Board of Vnukovo International Airport JSC, VitalyVantsev.</p> <p> “As we celebrate the Year of Culture between Russia and the State of Qatar, I am very pleased to announce the potential acquisition of up to 25 per cent of Moscow's Vnukovo International Airport. Such an investment will complement the strong ties we have already established with the country, with our launch of direct services to St Petersburg late last year, as well as our triple-daily flights to Moscow. All our investments are part of our existing expansion strategy, through which we aim to be able to bring even more people together from all parts of the globe,” Al Baker said.</p> <p>This potential investment supports the award-winning airline’s investment strategy, which already includes 20 per cent investment in International Airlines Group, 10 per cent investment in LATAM Airlines Group, 9.94 per cent investment in Cathay Pacific and 49 per cent investment in Air Italy, according to the statement.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7737', 'image' => '20180412013224_qatar.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7955', 'article_category_id' => '1', 'title' => 'RMDC Organizes Training on Financial Literacy', 'sub_title' => '', 'summary' => 'April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang.', 'content' => '<p>April 12: Itahari branch of Rural Microfinance Development Center (RMDC) organized a Training of Trainers (TOT) at Gokarna Resort and Party Palace in Morang. Altogether 27 financial institutions from 10 working districts of RMDC participated in the training held from April 9 to 11.</p> <p>According to the RMDC, there were altogether 31 participants of management level staff present in the training. The program was facilitated by Itahari Branch Manager Govinda Prasad Poudel.</p> <p>The trainer of the program was Prakash Koirala, managing director of FINLIT Nepal Private Ltd. During this three-day training, Koirala discussed about the meaning of financial literacy, its importance, value of time, importance of money, importance of saving, process of saving, loan management process, vocational planning development, process of utilizing money received from remittance, process and important of insurance through games, presentations, discussions and audio-visual methods.</p> <p>At the end of the training, the participants shared that the training was very useful and they committed to share their knowledge with their colleagues. In the closing ceremony, Koirala shared his view that the objective of the training will only be achieved when all the participants utilize the learning in their financial literacy activities.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7736', 'image' => '20180412010929_RMDC.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7954', 'article_category_id' => '1', 'title' => 'Khaniya Appointed Chairman of NIC Asia Microfinance', 'sub_title' => '', 'summary' => 'April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.', 'content' => '<p>April 12: Arjun Raj Khaniya has been elected as the chairman of NIC Asia Microfinance, a financial wing of NIC Asia Bank.</p> <p>Nepal Rastra Bank's Executive Director Narayan Prasad Poudel administered oath of office and secrecy to Khaniya on Wednesday, April 11.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7735', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7953', 'article_category_id' => '1', 'title' => 'Citizens Bank's Financial Support to Kamal School', 'sub_title' => '', 'summary' => 'April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11th anniversary. ', 'content' => '<p>April 12: Citizens Bank has extended its financial support to Kamal Lower Secondary School on the occasion of the bank's 11<sup>th</sup> anniversary. The bank with its slogan 'Your Partner for Progress' provided Rs 250,000 to the school on Wednesday, April 11.</p> <p>The bank's CEO Rajan Singh Bhandari handed over a cheque to the school's Principal MB Khadka amid a function. The principal informed that the amount will be utilized to provide salary of the teachers.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7734', 'image' => '20180412125202_citizens.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7952', 'article_category_id' => '1', 'title' => 'Visit of Youth Delegation from India to Nepal', 'sub_title' => '', 'summary' => 'April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.', 'content' => '<p>April 12: A 37-member youth delegation from India visited Nepal from April 4-11 at the invitation of the Ministry of Youth and Sports.</p> <p>Kathmandu-based Indian Embassy informed that the Youth Exchange Programme was held in pursuance of the November 2014 MoU between the Ministry of Youth Affairs and Sports of India and the Ministry of Youth and Sports of Nepal.</p> <p>According to the Indian Embassy, the delegation comprised students from leading educational institutions of India including IITs, AIIMS, NIT, National Law School of India University as well as Rajiv Gandhi National Institute of Youth Development. The students came from different parts of India.</p> <p>During their week-long stay in Nepal, the youth delegates interacted with National Youth Council of Nepal, Nepal Tourism Board, Chamber of Commerce (youth wing). They visited the Pashupatinath Temple, Bhaktapur Durbar Square, Nagarkot and also travelled to Lumbini, Chitwan and Pokhara, the Indian Embassy said in a statement.</p> <p>The youth delegation concluded their visit on April 11 and found the Exchange Programme to be a great learning experience which also helped them in acknowledging and appreciating the deep bond of friendship between India and Nepal.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7733', 'image' => '20180412124806_Photo 1.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7951', 'article_category_id' => '1', 'title' => 'John Players New Year 2075 Offer', 'sub_title' => '', 'summary' => 'April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.', 'content' => '<p>April 12: John Players, a renowned youth apparel brand with a distinct and contemporary sense of style and fashion, is commencing New Year 2075 with a “Scratch & Win” instant discount offer, available in all John Players branded outlets.</p> <p>On occasion of New Year 2075, the company has announced exciting offers for its customers. Under thsi offer, customers purchasing John Players apparel worth Rs 2075 get a scratch card, which can have instant discount of upto Rs 2075.</p> <p>This offer is available from April 6 to May 3.</p> <p>John Players range encompasses shirts, T-shirts, trousers, shorts and denim.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7732', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7950', 'article_category_id' => '1', 'title' => 'Outreach Bags Internatioanl Advertising Award', 'sub_title' => '', 'summary' => 'April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. ', 'content' => '<p>April 12: Outreach Nepal has bagged the Abby Award at the annual advertising award show at Goafest 2018 in Goa, India on Saturday, April 7. Issuing a press statement, the company said it won a Bronze Abby in the awadrs ceremony participated by leading advertising agencies of South Asia.</p> <p>Goafest is the biggest and the most prestigious advertising festival hosted by The Advertising Agencies Association of India (AAAI) in association with the Advertising Club. It is a three-day annual event, where the big names of advertising participate to celebrate the best work in advertising in the region. The entries are judged by some of the renowned names from the profession, according to the statement.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7731', 'image' => '20180412114809_Abby-Award.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7949', 'article_category_id' => '1', 'title' => ' Kumari Bank Plants Trees in Birgunj', 'sub_title' => '', 'summary' => 'April 12: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 12: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank's Birgunj branch has conducted a tree plantation program.</p> <p>Branch Manager Rajesh Prasad and Bijay Kumar Sarawagi, mayor of Birgunj Metropolitan City, planted trees in the periphery of the bank on the occasion.</p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7730', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7948', 'article_category_id' => '1', 'title' => 'Sunrise branch now in Bamti Bhandar', 'sub_title' => '', 'summary' => 'April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.', 'content' => '<p>April 12: Sunrise Bank has opened its new branch in Bamti Bhandar, Umakunda VDC-2 of Ramechhap.</p> <p>Lawmakers Janardan Sharma and Shyam Kumar Shrestha along with Miti Lal Dhungad, chairman of the bank, jointly inaugurated the branch amid a function on Tuesday, April 10.</p> <p>Recently, the bank had opened new branches at Aaurahi of Dhanusha, Durgabhagwati of Rautahat and Guthicgaur of Jumla.</p> <p>Sunrise Bank is currently providing banking services through 80 branches, 95 ATMs, 20 branchless banking facilities and three extension counters across the country.</p> <p>With the opening of the new branch at Bamti Bhandar, the bank aims at making financial transaction easier for the locals.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7729', 'image' => null, 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7947', 'article_category_id' => '1', 'title' => 'TCL appoints Neymar Jr as its global brand ambassador', 'sub_title' => '', 'summary' => 'April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. ', 'content' => '<p>April 12: TCL, a Chinese electronics brand, has appointed Brazilian football star Neymar Jr as its global brand ambassador for the air conditioner. Issuing a press statement on Wednesday, the company said that it was hopeful that the product would be popular and witness a rapid growth in its sales. “TCL AC having the perfect mixture of technology and art has five years warranty,” the statement added.</p> <p>TCL said it has been engaged in developing AC with specific scenario functions, such as its Air con+ series, which were designed to build up IOT connections between users and air conditioners.</p> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7728', 'image' => '20180412114402_Clipboard01.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7946', 'article_category_id' => '217', 'title' => 'Golchha Organisation', 'sub_title' => '', 'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal. </p> <p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland. The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Yearly Turnover Rs 45 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>20,000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li> <li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li> </ul> <p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p> <ul> <li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7727', 'image' => '20180412105953_Clipboard78.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7945', 'article_category_id' => '217', 'title' => 'Golyan Group', 'sub_title' => '', 'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group. </p> <p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p> <p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Reliance Spinning Mills</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel project</li> <li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li> <li>Westar Residency, a 250 apartment residential project.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>5,000 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group </li> <li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li> <li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li> <li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7726', 'image' => '20180412105150_Clipboard73.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7944', 'article_category_id' => '217', 'title' => 'ICTC Group', 'sub_title' => '', 'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal. </p> <p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors – services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services. </p> <p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Turnover Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li> <li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million </li> <li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span> </p> <ul> <li>Service</li> <li>Engineering and Construction </li> <li>Energy </li> <li>Consumer products </li> <li>Information and communication services</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Hyatt Regency Kathmandu</li> </ul> <p><span style="font-size:16px"><strong>Planned Projects</strong></span></p> <ul> <li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li> <li>A 4-star hotel primarily catering to Chinese tourists</li> <li>International Exhibition Centre with 1,000 car capacity</li> <li>Taragaon Village, a Boudha-based project with a replica of Thamel </li> <li>Engagement in government projects including Upper Karnali with India’s GMR and West Seti with China’s Three Gorges</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7725', 'image' => '20180412104529_Clipboard70.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7943', 'article_category_id' => '217', 'title' => 'IME Group', 'sub_title' => '', 'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal's first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers’ community. IME also proved to be a defining innovation for the country’s financial system enabling formal channelisation of remittance into the country. </p> <p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p> <p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual turnover USD 1,200 million</li> <li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li> <li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments </strong></span></p> <ul> <li>Planning major expansion with IME Pay that will look into the mobile wallet. </li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7724', 'image' => '20180412103326_Clipboard69.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7942', 'article_category_id' => '217', 'title' => 'Jyoti Group', 'sub_title' => '', 'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname ‘Syamukapu’ (meaning white hat in Tibetan). After the political changes in Tibet, he stopped trading there. </p> <p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar’s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal’s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>The estimated annual turnover of the group is USD 150 million</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>3,000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-12', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7723', 'image' => '20180412102137_Clipboard66.jpg', 'article_date' => '2018-04-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
