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Business and Corporate

Ncell loan amount increased for flood victims

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In the wake of the recent floods, Ncell had increased its loan amount to help its customers contact their loved ones in the flood-affected areas of the country. It had also announced to provide balance transfer free of cost. Ncell customers were able to use the loan amount of Rs …

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WB is likely to scrap solar project

By Our Reporter  Nepal is likely to lose 37 million dollar solar plant project funded by the World Bank due to corrupt officials at the Nepal Electricity Authority and a decision of the parliamentary committee to instruct the NEA to scrap the deal with contractor. The project which should have …

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Gorkhaland faces humanitarian crisis due to blockade

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By Our Reporter The Indian government that has been using blockade as a tool to bring its tiny neighbours to their knees has imposed the inhuman blockade against its own citizens in Darjeeling and Sikkim. When the people of Darjeeling and the surrounding areas launched a movement by calling indefinite …

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MoU signed between UNDP and Chaudhary Foundation

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Chaudhary Foundation and UNDP Nepal have signed a Memorandum of Understanding (MoU) with an objective of meeting the Sustainable Development Goals (SDG). Renaud Meyer, country director of UNDP Nepal, and Nirvana Chaudhary, director of Chaudhary Foundation, signed the MoU in this regard on Saturday. The SDGs are a universal call …

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Manisha Koirala the new Brand Ambassador of NIC ASIA Bank

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NIC Asia Bank has appointed actress and social worker Manisha Koirala as the brand ambassador of the bank. Koirala, an actress of Nepali origin who mainly appears in Bollywood and South Indian movies, is the recipient of several accolades, including four Filmfare Awards, and is one of India’s most well-known …

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Ncell has fully cleared its tax liability

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In relation to decision of Nepal Rastra Bank to restrict Axiata from repatriating its dividend until issue of capital gains tax related to Ncell deal is settled, Malaysian telecom giant Axiata and owner of Ncell on Thursday issued a statement saying the Large Taxpayers’ Office of Nepal has already confirmed …

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Sunrise Pays Accidental Insurance

Sunrise Bank has paid compensation to a depositor under the bank’s ‘depositor’s accident insurance arrangement’ scheme. The bank handed Rs 5,00,000 to the next-in-kin of Hari Timsina, an account holder of the bank who died in a road accident. Pramod Kumar Das, manager of Surunga branch of the bank, handed …

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NIBL acquires ACE

Nepal Investment Bank Ltd. (NIBL) has started a joint operation after the acquisition of Ace Development Bank (ACE) from Thursday. After acquiring the Ace Development Bank, the total paid-up capital of NIBL has reached to 9.24 billion which is highest among others private sector commercial banks. The Management Committee and …

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Nepathya to perform in Sydney after their concert in Adelaide

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Popular Nepali music group Nepathya staged its second show of the ongoing Australia Tour at the Norwood Concert Hall in Adelaide, where it enthralled the Nepali fans with its popular numbers, on Saturday. Compared to Melbourne and Sydney, Adelaide has a smaller population of Nepalis. However, almost 1000 people had …

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STC observing 50th AGM

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By Our Reporter Salt Trading Corporation Limited (STC) is observing its 50th Annual General Meeting (AGM) today. The corporation had a transaction of Rs 7 arba 83 crore during its fiscal year FY 2072/73 it made a profit of Rs61 crore and 24 lakhs.Divisional ManagerBrajeshKumar Jhainformed that  even though the …

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