Home / 2017 / March (page 4)

Monthly Archives: March 2017

Will the Madhesi Front surrender?

By Our Reporter Amidst the conflicting media reports about the views of the leaders of the Madhes-based parties regarding the local polls, there is still uncertain whether the Madhes-based parties willactually  boycott the polls as they are claiming now or they will surrender and take part in the polls. When …

Read More »

Peace Corps celebrates 55th anniversary

U.S. Ambassador Alaina B. Teplitz and Peace Corps Nepal Country Director Nelson Chase hosted a celebration on March 23, to commemorate the 55th anniversary of Peace Corps’ arrival in Nepal.  The event celebrated the work and contributions of over 3,750 American volunteers who lived, worked and served in communities throughout …

Read More »

Ncell reduces call rate to 30 countries


Telecom operator Ncell has reduced call rate to 30 countries. Issuing a press release, Ncell said all its customers can now make calls to 30 countries at local rate. As per the newly launched scheme, customers can now make calls to the 30 destinations at only Rs 1.99 per minute, …

Read More »

3rd Int’l Flora Expo starts from today

The Floriculture Association of Nepal (FAN) is organizing 3rd International Flora Expo in Kathmandu from March 30 to April 2. The expo, which is being organized with the support of Ministry for Agricultural Development, aims at providing information and showcasing technology used in floriculture, the organizers said in a press …

Read More »

Prabhu Bank appoints NCM Merchant Banking as issue manager


Prabhu Bank Limited (PBL) has appointed NCM Merchant Banking Limited as the issue manager for its upcoming 10:4 (40%) right shares. Ashok Sherchan, CEO of PBL and BijayLalShrestha, CEO of the merchant bank, signed the rights issue agreement. PBL 15th AGM held on Poush 8, 2073 had endorsed the issuance …

Read More »

Citizens Bank to distribute 10:2.5 right shares


Citizens Bank International Limited (CZBIL) is going to float right shares in the ratio 10:2.5 (25%) to its existing shareholders from Chaitra 24, 2073 to Baisakh 27, 2074. Issuing a press statement, the bank said that around 80,000 shareholders who had shares until the book closure date (i.e. Falgun 25, …

Read More »

17th AGM of Nepal Life Insurance


Nepal Life Insurance Company (NLIC) on Monday successfully conducted its 17th annual general meeting (AGM). The meeting approved proposal to extend 26.31 % bonus shares to company’s shareholders which was held in Birjung. As per the press statement published by the insurance company, it stated that the allotters of recently …

Read More »

KBL to distribute bonus share to its shareholders

The 16th annual general meeting (AGM) of Kumari Bank Ltd (KBL) has approved the decision of its board of directors (BOD) to distribute 21 % bonus shares and 1.10 % cash dividend (for tax purpose) to its shareholders from the profit earned in the last fiscal year. According to the …

Read More »

Mega Bank auctioning unclaimed 3.86 lakh units shares


Mega Bank Nepal Limited (MEGA) is auctioning its ordinary and promoter right shares to the general public from Chaitra 13, 2073. It is selling 2,17,890 units ordinary shares and 1,68,992 units promoter shares after the right shares issued on Shrawan 27, 2073 were not fully subscribed by its shareholders. The …

Read More »

Japan to help construction of a Community Center

The Government of Japan has decided to extend financial assistance of US Dollars78,268, to Ganesh Man Singh Foundation under the Grant Assistance for Grassroots Human Security Projects (GGP) scheme of the Government of Japan in Japan’s Fiscal Year 2016. Ganesh Man Singh Foundation, a Nepali NGO in Kathmandu, will implement …

Read More »