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Business and Corporate

TAAN’s Rs 100m plan

The Trekking Agencies Association of Nepal (TAAN) has earmarked nearly Rs 100 million to explore new trekking trails and maintain and improve the existing paths besides promoting trekking in the domestic and international markets. According to TAAN, Rs8.79 million has been set aside for infrastructural development, maintenance and promotion of …

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NIC ASIA opens three branches, extension counter

By Our Reporter Three new branches of Kushma-Parbat, Phidim-Panchthar and Jeetpur-Bara and one new Extension Counter at Birat Medical Teaching Hospital Extension Counter of NIC ASIA Bank have been formally inaugurated on 28 December. The Kushma Branch was inaugurated by Hari Om Lamichanne, Chairman,Nepal Chamber of Commerce, Kushma.The Jeetpur Branch …

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Global IME blood donation campaign

Global IME Bank on its 10th anniversary organized a blood donation and diabetes check-up program. Issuing a statement, the bank said that the program was organized at its Kantipath branch office. “Our customers and staff members participated in the program,” the statement added. Established in January 2, 2007, the bank …

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Plan to expand ‘Wai Wai’ in European market

Chaudhary Group (CG) says it has been preparing to manufacture and distribute its top noodles brand “Wai Wai” in Europe. Issuing a statement, the group said it has started setting up a plant in Ruma, Serbia. “Preparations have reached the final stages,” CG said. It added that a delegation from …

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NT introduces 4G services for post-paid users

Nepal Telecom (NT) has introduced fourth generation (4G) mobile network services for the first time on Sunday. Minister for Information and Communications Surendra Kumar Karki inaugurated the service at a special function in Kathmandu. According to NT, 4G services only for post-paid phone service subscribers are available in most parts …

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“i Dio’d it” campaign

Syakar Trading Company Pvt Ltd (STC) – the authorized distributor for Honda Motorcycles and Scooters India (HMSI) for Nepal, in partnership with eight various non-governmental organizations (NGOs), has launched ‘i Dio’d it’, a social media-based campaign for participants to post videos and win prizes. “To participate in the competition, each …

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ACE Development Bank to provide ASBA service to its clients

By Our Reporter ACE Development Bank has received Application Support by Block Account (ASBA) permission from the Nepal Securities Board. The Bank is scheduled to provide ASBA service from 14 January. Under the ASBA service, the account holders can apply for the shares by blocking the amount in the client’s …

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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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