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Business and Corporate

NIBL to acquire Ace Dev Bank


Nepal Investment Bank Ltd (NIBL) is set to acquire Ace Development Bank Ltd. A memorandum of understanding in this regard was signed between NIBL and Ace Development Bank amid a function here on Friday, as per a media release. Nepal Investment Bank is a class ‘A’ commercial bank with a …

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Chandragiri cable car service begins


On Monday the 24 of Shrawan 2073 the Bhaleshwor temple situated at the top station of the Chandragiri cable car was inaugurated as per Hindu rights and rituals. The directors and the promoters of the Chandragiri hills limited were present at the sight and the residents of Chandragiri, Chitland and …

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Prime Commercial Bank was awarded with business excellence award 2016


Prime Commercial Bank Ltd (PCBL) has bagged ‘The Bizz 2016 Business Excellence Award’ from World Confederation of Businesses (WORLDCOB). Issuing a statement, the commercial bank said that its CEO Narayan Das Manandhar received the award on behalf of the bank amid a ceremony held in Texas on Sunday. “The Bizz …

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Homeowners insurance mandatory for all

The Insurance Board (IB) has started work to make it mandatory for individuals to insure their homes. Presently, buyers of homeowners insurance are mostly home building companies and homeowners who build houses with bank loans. Most homeowners do not have insurance against natural disasters, fire, theft or other mishaps. The …

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5% discount for Visa cardholders at Bhat-Bhateni

Visa, the global leader in payments technology, has announced an attractive discount of 5 % on groceries, to all Visa cardholders shopping at Bhat-Bhateni stores. Issuing a statement, the company said that the offer is valid till October 19 across the 12 Bhat-Bhateni stores across the country. “Nepal is an …

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Qatar Airways special scheme


Qatar Airways has announced a special promotional sales in Nepal, offering discounts of up to 50%. The promotion will continue until August and tickets are valid for travel between 1 August, 2016 and 31 March, 2017. Issuing a statement, the airline said leisure travel with families or business travellers can …

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ZTE now in Nepal with 3 new phones


Chinese   tele communications and information technology company ZTE has launched three budget smartphones, namely the Blade S6, D2 and D3 to cater to low-income customers. ZTE is the sixth Chinese mobile brand after Huawei, Lenovo, Gionee, Xiomee and One Plus to hit the domestic market. The company has appointed Evolution …

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Economic development should be political agenda: Suraj Vaidya

By Our Reporter Suraj Vaidya, chairman, SAARC Chamber of Commerce and Industries, has said that Nepal can achieve economic goal if all the political parties in the country will make economic development as their political agenda. while addressing a press conference organised to inform about the activities of the SAARC …

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Demand of Ostrich meat increasing


Ostrich Nepal, the major supplier of ostrich meat in the Kathmandu Valley, has decided to double daily production from 500 kg to 1,000 kg to meet the increasing demands of the customers. CP Sharma, managing director of Ostrich Nepal said “The company has decided to increase production for the upcoming …

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New Toyota outlet in Nayabazar


United Traders Syndicate Pvt Ltd has recently opened a new outlet in Nayabazar, Kathmandu on 23rd of July. The outlet contains new genuine parts, Toyota genuine motor oil (TGMO) and also caters to value added service. The syndicate has been serving the Nepalese with their product for the last 49 …

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