Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his…
Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment…
In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of…
Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima…
April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan.…
April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April…
After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries…
More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc.…
April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a…
April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the…
Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower.…
April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka…
April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet.…
Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete.…
April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's…
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The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7907', 'article_category_id' => '1', 'title' => 'NIC Asia opens a new branch office', 'sub_title' => '', 'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ', 'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7688', 'image' => '20180410041331_download (1).jpg', 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7906', 'article_category_id' => '1', 'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance', 'sub_title' => '', 'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.', 'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. “Customers of the bank can take insurance service provided by Reliable Nepal Life Insurance from every branch of Siddhartha Bank,” the statement added.</p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7687', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7903', 'article_category_id' => '1', 'title' => 'Proposed Investment worth $14b limited to intent only', 'sub_title' => '', 'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.', 'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p> <p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p> <p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p> <p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country. </p> <p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p> <p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7684', 'image' => null, 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7902', 'article_category_id' => '1', 'title' => 'Two More Branches of Sunrise Bank', 'sub_title' => '', 'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.', 'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p> <p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p> <p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank's Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank's Deputy General Manager Rabin Nepal.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7683', 'image' => '20180409034624_sunrise.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7900', 'article_category_id' => '1', 'title' => 'TVS customers get a chance to watch movie with Priyanka Karki', 'sub_title' => '', 'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.', 'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch 'Shatru Gate' at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p> <p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p> <p>"We don't give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale," said Deepak Agrawal, Vice President of Jagadamba Motors.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7681', 'image' => '20180409025155_adfadsf.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7899', 'article_category_id' => '1', 'title' => 'NAC starts Kathmandu-Surkhet Flights', 'sub_title' => '', 'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ', 'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p> <p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company's representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7680', 'image' => '20180409024142_10 - Copy.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7897', 'article_category_id' => '1', 'title' => 'Possible Disaster of Makalu Air Averted', 'sub_title' => '', 'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.', 'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla's Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p> <p>"Anything could have happened had the aircraft left the runway," he said, adding, "Fortunately, the captain noticed the problem early on due to which a disaster was averted."</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7678', 'image' => '20180409022716_Makalu.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $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' => '7911', 'article_category_id' => '217', 'title' => 'Panchakanya Group', 'sub_title' => '', 'summary' => 'Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7907', 'article_category_id' => '1', 'title' => 'NIC Asia opens a new branch office', 'sub_title' => '', 'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ', 'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7688', 'image' => '20180410041331_download (1).jpg', 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7906', 'article_category_id' => '1', 'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance', 'sub_title' => '', 'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.', 'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. “Customers of the bank can take insurance service provided by Reliable Nepal Life Insurance from every branch of Siddhartha Bank,” the statement added.</p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7687', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7903', 'article_category_id' => '1', 'title' => 'Proposed Investment worth $14b limited to intent only', 'sub_title' => '', 'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.', 'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p> <p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p> <p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p> <p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country. </p> <p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p> <p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7684', 'image' => null, 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7902', 'article_category_id' => '1', 'title' => 'Two More Branches of Sunrise Bank', 'sub_title' => '', 'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.', 'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p> <p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p> <p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank's Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank's Deputy General Manager Rabin Nepal.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7683', 'image' => '20180409034624_sunrise.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7900', 'article_category_id' => '1', 'title' => 'TVS customers get a chance to watch movie with Priyanka Karki', 'sub_title' => '', 'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.', 'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch 'Shatru Gate' at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p> <p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p> <p>"We don't give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale," said Deepak Agrawal, Vice President of Jagadamba Motors.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7681', 'image' => '20180409025155_adfadsf.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7899', 'article_category_id' => '1', 'title' => 'NAC starts Kathmandu-Surkhet Flights', 'sub_title' => '', 'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ', 'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p> <p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company's representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7680', 'image' => '20180409024142_10 - Copy.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7897', 'article_category_id' => '1', 'title' => 'Possible Disaster of Makalu Air Averted', 'sub_title' => '', 'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.', 'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla's Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p> <p>"Anything could have happened had the aircraft left the runway," he said, adding, "Fortunately, the captain noticed the problem early on due to which a disaster was averted."</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7678', 'image' => '20180409022716_Makalu.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $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' => '7911', 'article_category_id' => '217', 'title' => 'Panchakanya Group', 'sub_title' => '', 'summary' => 'Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7907', 'article_category_id' => '1', 'title' => 'NIC Asia opens a new branch office', 'sub_title' => '', 'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ', 'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7688', 'image' => '20180410041331_download (1).jpg', 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7906', 'article_category_id' => '1', 'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance', 'sub_title' => '', 'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.', 'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. “Customers of the bank can take insurance service provided by Reliable Nepal Life Insurance from every branch of Siddhartha Bank,” the statement added.</p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7687', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7903', 'article_category_id' => '1', 'title' => 'Proposed Investment worth $14b limited to intent only', 'sub_title' => '', 'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.', 'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p> <p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p> <p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p> <p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country. </p> <p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p> <p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7684', 'image' => null, 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7902', 'article_category_id' => '1', 'title' => 'Two More Branches of Sunrise Bank', 'sub_title' => '', 'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.', 'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p> <p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p> <p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank's Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank's Deputy General Manager Rabin Nepal.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7683', 'image' => '20180409034624_sunrise.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7900', 'article_category_id' => '1', 'title' => 'TVS customers get a chance to watch movie with Priyanka Karki', 'sub_title' => '', 'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.', 'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch 'Shatru Gate' at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p> <p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p> <p>"We don't give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale," said Deepak Agrawal, Vice President of Jagadamba Motors.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7681', 'image' => '20180409025155_adfadsf.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7899', 'article_category_id' => '1', 'title' => 'NAC starts Kathmandu-Surkhet Flights', 'sub_title' => '', 'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ', 'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p> <p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company's representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7680', 'image' => '20180409024142_10 - Copy.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7897', 'article_category_id' => '1', 'title' => 'Possible Disaster of Makalu Air Averted', 'sub_title' => '', 'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.', 'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla's Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p> <p>"Anything could have happened had the aircraft left the runway," he said, adding, "Fortunately, the captain noticed the problem early on due to which a disaster was averted."</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7678', 'image' => '20180409022716_Makalu.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $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
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The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7907', 'article_category_id' => '1', 'title' => 'NIC Asia opens a new branch office', 'sub_title' => '', 'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ', 'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7688', 'image' => '20180410041331_download (1).jpg', 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7906', 'article_category_id' => '1', 'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance', 'sub_title' => '', 'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.', 'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. “Customers of the bank can take insurance service provided by Reliable Nepal Life Insurance from every branch of Siddhartha Bank,” the statement added.</p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7687', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7903', 'article_category_id' => '1', 'title' => 'Proposed Investment worth $14b limited to intent only', 'sub_title' => '', 'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.', 'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p> <p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p> <p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p> <p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country. </p> <p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p> <p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7684', 'image' => null, 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7902', 'article_category_id' => '1', 'title' => 'Two More Branches of Sunrise Bank', 'sub_title' => '', 'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.', 'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p> <p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p> <p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank's Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank's Deputy General Manager Rabin Nepal.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7683', 'image' => '20180409034624_sunrise.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7900', 'article_category_id' => '1', 'title' => 'TVS customers get a chance to watch movie with Priyanka Karki', 'sub_title' => '', 'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.', 'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch 'Shatru Gate' at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p> <p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p> <p>"We don't give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale," said Deepak Agrawal, Vice President of Jagadamba Motors.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7681', 'image' => '20180409025155_adfadsf.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7899', 'article_category_id' => '1', 'title' => 'NAC starts Kathmandu-Surkhet Flights', 'sub_title' => '', 'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ', 'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p> <p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company's representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7680', 'image' => '20180409024142_10 - Copy.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '7897', 'article_category_id' => '1', 'title' => 'Possible Disaster of Makalu Air Averted', 'sub_title' => '', 'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.', 'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla's Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p> <p>"Anything could have happened had the aircraft left the runway," he said, adding, "Fortunately, the captain noticed the problem early on due to which a disaster was averted."</p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7678', 'image' => '20180409022716_Makalu.jpg', 'article_date' => '2018-04-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $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
