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Monthly Archives: July 2016

Private companies can start their own petroleum business after two years

Ending Nepal Oil Corporation’s monopoly in petroleum trading, the government has issued permanent license to 11 private companies which allows them to do petroleum business in Nepal. The government recently issued such license to 10 companies. Malika Petroleum Pvt Ltd had received license for petroleum trading last year. These companies …

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FNCCI’s protest against power tariffs hike

Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has expressed its “deep concern” about the Nepal Electricity Authority (NEA)’s decision to hike the electricity tariffs. It has demanded the government to immediately roll back its decision. The Electricity Tariff Fixation Commission (ETFC) two weeks ago had hiked the rate …

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CBIL acquires Premier Finance

Citizens Bank International Ltd (CBIL) has acquired Premier Finance Co Ltd. Issuing a statement, the commercial bank said that the joint operation of the bank following the acquisition kicked off on Sunday. Earlier, the commercial bank had snapped up Nepal Housing and Merchant Finance Ltd and People’s Finance Ltd.  Following …

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Honey guide launches trekking app

Honey Guide has launched a mobile application ‘Trekking in Nepal’. The app features three popular trekking trails of the country – Everest Base Camp, Annapurna Base Camp and, Ghorepani-Poon Hill. Issuing a press statement, HoneyGuide said the mobile app intends to keep travellers safe and engaged and guides trekkers in …

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Bajaj V out on Kathmandu roads

HH Bajaj, the authorised dealer for Bajaj motorcycles in Nepal, launched the Bajaj V in a bid to consolidate its market share. “The Baja V will help us to consolidate our market presence while creating a separate new segment different from the Pulsar and Discover bikes,” said Punam Singh, marketing …

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Frost and Sullivan to host Webinar

Nepal situated in the lap of the Himalayas is now steadily poised for a new wave of socio-economic and industrial growth.Frost & Sullivan’s Emerging Market Innovation team is hosting a webinar that will have a panel of experts assess the country’s economic and industrial growth potential and highlight national priorities …

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Pokemon Go taking over the web

In the week that political resignations, leadership battles and market turmoil dominated news headlines, a certain monster-hunting mobile game was busy making waves online. Pokemon Go’s mixture of gaming and reality has proved a huge success. Barely a weeksince the launch of Pokémon Go — the smartphone app and game …

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Itchya Karki the Super Model Nepal of 2016

Itchya Karkiwas crowned‘The Super Model Nepal 2016’ at grand finale held at Nepal Academy in Kathmandu on Saturday evening, organized by Pacific Event and Management. Karki won the beauty pageant which saw 55 finalists competing for the title. She received Rs 25,000 cash prize from the organizers and was also …

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Mountain bike race for school children

Prodigy MTB Race, a school level mountain biking event, organised by Gnarly, a mountain biking company based in Lalitpur is scheduled to take place in Chobhar, Kathmandu, on August 13. While sports like football, basketball and volleyball are commonly played in most schools in the Capital, mountain biking is a …

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Bhattarai’s ‘Trishna’ out in the market

Austria-based Nepali writer Ravichandra Bhattarai’ snovel ‘Trishna’ has been launched. Based on the hardships that illegal Nepali migrants have to undergo, ‘Trishna’ tells a true stories of Nepalese who are compelled to travel overseasfor employment. Here in this book most of the stories are set in Europe and tell the …

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