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Business and Corporate

KBL appoints SCL as issue manager


Kumari Bank Ltd (KBL) has appointed Siddhartha Capital Ltd (SCL) as the issue manager for the bank’s 50 % rights issue. Issuing a statement, the bank said that Rajib Giri, acting CEO of Kumari Bank and Dhruba Timilsina, CEO of Siddhartha Capital Ltd, signed the agreement on behalf of their …

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NIC Asia tree plantation project


NIC ASIA has started planting trees as part of its corporate social responsibility (CSR) projects, its chairman Jagdish Prasad Agrawal said in the bank’s nineteenth annual general meeting. “The bank has taken up a target of planting more than 7,000 plants this fiscal year as its CSR project,” Agrawal was …

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Upendra Mahato eying Birgunj Sugar Factory’s land


By Our Reporter Controversial businessman Upendra Mahato is trying to capture 800 bighas of land belonging to the Birgunj Sugar Factory around Dumarwana, Simira and other places in Birgung city. By using Prime Minister Pushpakamal Dahal’s controversial son Prackash Dahal, Mahato, founding president of the Non Resident Nepalis Association, has …

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The Streets Again


The impasse in the legislature is to be followed officially in the streets what with the opposition alliance announcing the date for their rally in Kathmandu. It is not just speculation that the streets have been warming up already at their behest but the declaration that they are to hold …

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Grand opening of Chandragiri cable car


Chandragiri Hills Ltd on Thursday organised a special programme to mark the official launching ceremony of the cable car service. The cable car that was in test-operation since August 8 was officially inaugurated by the Prime Minister Pushpa Kamal Dahal. Invited as chief guest during the programme, PM Dahal enjoyed …

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Ncell’s Weekly Roaming Data Packs’ and ‘Transit Pass’


Ncell has launched two attractive services – ‘Weekly Roaming Data Packs’ and ‘Transit Pass’ – for the customers who need data connectivity while traveling out of the country. Issuing a press statement, the mobile service providers said that Weekly Roaming Data Packs enable the customers to enjoy data service at …

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13th Footwear Expo at Bhrikuti Mandap


Footwear Manufacturers Association of Nepal (FMAN) is organizing the 13th National Industrial Expo 2016 at the Bhrikuti Mandap Exhibition Hall in Kathmandu from December 20 to 26. The seven-day event is supported by Trade and Export Promotion Centre (TEPC), Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepal Chamber …

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Hydropower Project of Sunrise


A consortium of banks led by Sunrise Bank Ltd has agreed to finance about Rs 1.60 billion for the 10-MW Langtang Khola hydropower project on the Langtang River located in the Rasuwa district in the Himalaya region of Nepal. Other banks in the consortium are Sidhhartha Bank Ltd, Nepal Credit …

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Global IME the ‘Best Internet Bank 2016-Nepal’


Global IME Bank Ltd has received the ‘Best Internet Bank 2016-Nepal’ provided by the International Finance Magazine. Issuing a statement, the bank said that Chandra Prakash Dhakal, president of the bank, and Anil Gyawali, CEO of the bank, received the award on behalf of the bank amid a ceremony organized …

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Bangladesh eager to invest in big hydel project


By Our Reporter Bangladesh has expressed its interest in developing big hydro projects in Nepal. Bangladeshi Prime Minister Sheikh Hasina Wazed expressed her interest in investing in hydro projects of Nepal during a meeting with Energy Minister Janardhan Sharma in Dhaka recently. During Minister Sharma’s Dhaka sojourn, the two sides …

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