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Business and Corporate

NEA’s plan to acquire 2 million LED light bulb

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Nepal Electricity Authority (NEA) has said that they have a plan to acquire 20 million LED bulbs for the efficient use of electricity to eliminate load-shedding from the country. “As per our immediate plan to reduce load-shedding, we have planned efficient use of electricity by replacing existing CFL and other …

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Sanima Bank launches online ASBA and Demat Account

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Sanima Bank has been providing ASBA service since January 14, 2017 (1st Magh, 2073), after receiving approval from the Securities Board of Nepal for accepting application of IPO/FPO of public companies, said the bank in a press statement . With an objective of simplifying and hassle free ASBA system, Bank …

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Nepal’s economic growth rebounded strongly in FY 2017:WB

The World Bank has said that Nepal’s economic growth has rebounded strongly and has reached 7.5 % in the fiscal year 2017. This is the highest economic growth rate in the country since 1994. The World Bank has said that the best monsoons in recent years; increased availability of electricity; …

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Sunrise Bank support to 5 students doing thesis

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Sunrise Bank is supporting five students of Masters in Business Studies (MBS) and Master in Business Administration (MBA) level for their thesis preparation.  The bank is providing the support to the students of Tribhuwan University (TU). The bank and the administration department of TU signed a memorandum of understanding regarding …

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Ncell wins “Telecom Asia Awards 2017”

Ncell has received prestigious Telecom Asia Awards 2017 for implementing Most Innovative Telecom Project in Asia Pacific. Issuing a press statement, the company informed that Ncell was declared winner and conferred with the Awards after independent panel of jury judged Ncell’s initiative with Gham Power Nepal Pvt Ltd to connect …

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Ncell got permission to offer 4G service

Nepal Telecommunications Authority (NTA) has granted go-ahead to Ncell, the largest private ICT service provider company in the country, for offering 4G service on Wednesday. According to sources, the board meeting of the NTA held on Wednesday made a decision to that effect. Last week, Development Committee (DC) under the …

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New Mahindra two-wheeler showroom in Lahan

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Agni Motoinc, the sole authorized distributor of Mahindra two-wheelers for Nepal under Agni Group has opened a new showroom ‘Om Tridev Suppliers’ in Lahan, Siraha. Issuing a press statement, the company said that the new showroom has been opened with an aim of extending accessibility of its quality services to …

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Citizens Bank Bancassurance agreement

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Citizens Bank International has made a bancassurance pact with Surya Life Insurance. Rajan Singh Bhandari, CEO of Citizens Bank and Shiva Nath Pandey, CEO of Surya Life signed the agreement paper regarding the matter amid a program. After the agreement, the customers of the bank can easily buy insurance policy, …

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Sunrise Bank 3 branchless banking at 3 different places

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Sunrise Bank Ltd has started providing branchless banking service at three different places of Illam and Sunsari district. Issuing a statement, the bank said that the branchless units have been opened with an aim to expand banking service in rural parts of the country. “Customers can use the branchless banking …

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MBHCL appoints Global IME as its issue manager

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Madhya Bhotekoshi Hydropower Company Ltd (MBHCL) has appointed Global IME Capital Ltd (GICL) as the issue manager to launch its primary issue. Issuing a statement on Thursday, GICL said that it will work as the issue manager for the public offering of MBHCL. Prabhu Capital Ltd, Civil Capital Market Ltd, …

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