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Commerce and Economy

Deurali Janata produces 320 types of drugs

The Deurali Janata that has obtained IOS 14001/IOS 9001 and the GMP certification of the World Health Organization is producing 320 types of drugs. It includes various sorts of drugs including the ones used for heart and skin disease, diabetes and life saving ones. The Pharmaceuticals’ production capacity is- 1.5 …

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Global IME Bank introduces two new branchless banking services

By Our Reporter Global IME Bank has introduced two more branchless services by reaching total 64 such service outlets. New service outlets are – one in Digam, Chhatrakot VDC in Gulmi another in Badala, Sandhikharka Municipality in Baglung. Bhagirath Multiple Cooperatives Ltd in Chhatrakot and Pashupati Bhattarai in Badala have …

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Mega Bank boosts its profit

By Our Reporter Mega Bank Nepal Ltd has been able to boost its profit in the second quarter of the present fiscal year compared to its profit in first quarter. In the first quarter, the Bank had earned net profit worth 81.1 million rupees, whereas, in the second quarter of …

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TIA equipped with new generation radars

By Our Reporter Tribhuvan International Airport, Nepal’s only international airport, is now equipped with new generation radars ensuring air safety in the country. Japanese ambassador Masashi Ogawa expressed his happiness for the opportunity Japan has received to support Nepal for air safety of the flights. He said, Japan will continue …

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Nepal, World Bank sign three agreements

By Our Reporter The Nepal government and the World Bank signed three financing agreements for $440 million in Kathmandu to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training. The agreements were signed by Finance Secretary Shankar Prasad Adhikari and World Bank Country Director …

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Himalayan Bank contributes for Patan Durbar renovation

By Our Reporter On the occasion of 25th Anniversary of Himalayan Bank Ltd., the Bank has contributed Rs. 10 million under its CSR initiative towards restoration of Patan Durbar Square in association with Kathmandu Valley Preservation Trust (KVPT). The Chairman of the Bank Manoj Bahadur Shrestha handed over a letter …

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IME Foundation distributes blankets

By Our Reporter IME Foundation has distributed blankets to 100 poor family and deprived people who were victim of the cold wave in Golbazar, Jamdaha, Kalyanpur, Bhedia, Rajbiraj, Maleth, Khadga Municipality. IME Foundation was established by IME Group eight years ago to carry out activities related to social responsibility.

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Sunrise Bank opens three branches

By Our Reporter Sunrise Bank Ltd has opened its branch offices in Bindabasini in Parsa, Mouwakhola in Taplejung and Narainapur in Bankey. By including three new branches, the total number of Bank’s branches has reached 75. The Bank is operating 91 ATM, 3 Extension Counters and 20 branchless banking service …

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Monitory crisis in offing

By Our Reporter Commercial banks have increased interest rates to attract deposits as they have seen liquidity crunch in the offing. The Banks had expected liquidity flow after the elections. Money came in the market during the elections but that money didn’t reach to the Banks as expected. This means, …

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Germany grants EUR 15 million for transmission line

By Our Reporter The Government of Germany has agreed to provide Nepal with an additional development grant of EUR 15 million, which will go towards building 43 Kilometer Damauli-Lekhnath hydro electricity transmission line. In November 2016 the German Government had committed EUR 16 million for a transmission line project under …

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