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Business and Corporate

Businessman Deepak Malhotra bereaved of his mother


By Our Reporter Noted businessman and a friend of People’s Review weekly, Deepak Malhotra has been bereaved of his mother RamkumariMalhotra, 87. Wife of late DevrajMalhotra, Ramkumaripassed away on Friday, 23 December evening while undergoing treatment at the hospital. Late RamkumariMalhotra has been survived by one son (Deepak Malhotra) and …

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Upper Tamakoshi generating power by one and half years


By Sharachchandra Bhandary Works to develop the 456-Megawatt Upper Tamakoshi Hydropower Project based in Dolakha are going on in full swing with a target of taking it to the power production phase within one and half years. The April 25 Gorkha Earthquake had inflicted damages on the access route to …

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Japan to construct Nagdhunga Tunnel


By Our Reporter The Japan government has extended a loan assistance of up to fifteen billion, two hundred and eighty-eight million Nepalese rupees to Nepal to construct the Nagdhunga Tunnel Project. Nobuo Kishi, Japanese State Minister for Foreign Affairs, had pledged this project on 1 September 2016 at the ceremony …

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Applicants can apply for public shares by holding their accounts


By Our Reporter Citizens Bank International Ltd has received permission to collect signature for the stock exchange from the Nepal Stock Exchange Board. The Bank, from 14 January onward, is going to collect signatures from the account holders and hold their cash in their account when they apply for the …

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New Toyota showroom in Kupondole


United Traders Syndicate, the authorized distributor of Toyota Motors for Nepal, has opened a new Toyota Showroom at Kupondole of Lalitpur. Issuing a statement, the company said that VOITH President Suraj Vaidhya and Managing Director Ritu Singh Vaidhya jointly inaugurated the showroom. According to the company, customers can buy Toyota’s …

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Ncell gets NSP licence


Nepal Telecommunications Authority (NTA) has issued Network Service Provider (NSP) licence to private telecom operator Ncell. Ncell had applied for NSP at NTA a long time back. Obtaining NSP licence means that Ncell can now enter into bandwidth trading in the domestic market by selling its existing bandwidth to other …

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Newroad Mobile Expo 2073


Nepal Mobile Traders Association is organising ‘Newroad Mobile Expo 2073’ in Newroad, also known as ‘Mobile Hub’, from December 28 to January 3 where sellers in Kathmandu’s most well-known shopping district will offer their products at reasonable prices. The main sponsor of the mobile expo is Ncell. According to the …

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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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