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Business and Corporate

Ncell reduces call rate to 30 countries

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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, …

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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 …

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Prabhu Bank appoints NCM Merchant Banking as issue manager

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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 …

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Citizens Bank to distribute 10:2.5 right shares

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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, …

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17th AGM of Nepal Life Insurance

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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 …

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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 …

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Mega Bank auctioning unclaimed 3.86 lakh units shares

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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 …

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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 …

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Sunil KC appointed as new CEO of NMB Bank

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NMB Bank has appointed Sunil KC as its CEO. Issuing a statement, the bank said that KC, who has 27 years of experience in banking sector, is working with NMB Bank for the past eight years. KC succeeds Upendra Poudyal, who worked as CEO of the bank for 17 years, …

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