NEWS

5 Five Star Hotels in 5 years
5 Five Star Hotels in 5 years
  0   1 minutes 17 seconds to read

April 29: Chaudhary Group has announced to aggressively invest in the hospitality sector with the operation of Tigerland Safari Resort located at the bank of Rapti River in Chitwan. According to the Group, as the country’s tourism industry is flourishing, CG holdings is planning to open five 5 star hotels within the next five…

Siddhartha Devt Bank Writes Back Rs 149.9 Million
Siddhartha Devt Bank Writes Back Rs 149.9 Million
  0   1 minutes 37 seconds to read

April 29: According to third quarter financial report of current FY, Siddhartha Development Bank has succeeded to recover Rs 149.9 million bad debt of previous FY. The bank’s achievement in recovering bad debt of previous FY as well as increase in increase in net interest income by 30.60 percent and operational profit by 30.96 percent has attributed increase in its net profit by two times. After NRB directive of increasing paid-up capital of national level development bank to Rs 2.5 billion, bank is in process to merge with Ekata Development Bank and Nepal Aawas…

Gionee to Launch Marathon M5 Plus in Nepal
Gionee to Launch Marathon M5 Plus in Nepal
  0   1 minutes 1 seconds to read

April 29: Chinese smartphone maker Gionee is planning to launch Marathon M5 Plus smartphone in the Nepali market very soon. According to the company, M5 Plus, the new edition of Gionee’s big battery Marathon series, has full metallic and ultra-slim body design. The new handset is powered by 1.3 Ghz quard-core processor and sports a 6 inch full-HD Amoled display alongside a 13 MP rear and a 5 MP front…

Reserve Fund of Ekata Devt Bank Increases 2 Folds
Reserve Fund of Ekata Devt Bank Increases 2 Folds
  0   1 minutes 18 seconds to read

April 29: According to the third quarter financial report of current FY, the reserve fund of Ekta Development Bank has increased by 13.87 percent. In the third quarter of current FY, the net profit of the bank has increased by 48.51 percent and operating profit has increased by 48.67 percent. Similarly, the paid up capital of the bank has increased to Rs 227.7 million after distributing bonus share of 13.87 percent. After NRB directive of increasing paid-up capital of development bank operating in 10 districts to Rs 1.2 billion, bank is in process to merger with Siddhartha Development Bank and Nepal Aawas…

Nepal Community Devt Bank Opens Branch in Manigram
Nepal Community Devt Bank Opens Branch in Manigram
  0   32 seconds to read

April 29: The Butwal-based Nepal Community Development Bank has opened its 7th branch in Manigram of Rupandehi. The bank also informed that the new extension counter in Shankar Nagar has become…

NB Bank Opens Branch in Biratchowk
NB Bank Opens Branch in Biratchowk
  0   30 seconds to read

April 29: Nepal Bangladesh (NB) Bank has opened its new branch in Biratchowk of Morang. Navaraj Chapagain, President of Koshi Haraicha Chamber of Commerce and Industries and Madhab Prasad Neupane and Dipak Karki, Directors of the bank, jointly inaugurated the branch amid a program held on Wednesday. With this, the number of branches of NB Bank has reached 34 along with two extension counters, seven branchless banking services and 35 ATMs, according to the press statement by the bank. The bank till date has made the loan investments of Rs 31.39 billion and collected Rs 35.82 billion in…

Binod Chaudhary’s Memoir Unveiled
Binod Chaudhary’s Memoir Unveiled
  0   1 minutes 21 seconds to read

April 29: Binod Chaudhary’s ‘Making it Big’- the inspiring story of Nepal’s first billionaire and the man behind the iconic Wai Wai noodles brand was launched at a glittering ceremony in New Delhi. According to a press statement by the Chaudhary Group, the book launch was attended by influential Indian political figures including Shatrughan Sinha, T Subbirami Reddy, Madan Mohan Mittal, Pawan Verma, Ramdas Agarwal and businessmen like RC Bhargava of Maruti Suzuki Motors and Ravi Jaipuria along with many other well known faces of…

NAV of Nabil Balance Fund-1 Rs 21
NAV of Nabil Balance Fund-1 Rs 21
  0   1 minutes 16 seconds to read

April 29: The NAV of Nabil Balance Fund-1 has reached Rs 21.36 in mid-April which was Rs 20.70 in mid-March. Investors who bought a unit from primary market have gained 133 percent return from their investment. In the one hand, the investors have gained 113 percent from price fluctuation and in the other; they also have received cash dividends of 5.5 percent and 14 percent…

MEX Winner of Selfie Contest Announced
MEX Winner of Selfie Contest Announced
  0   47 seconds to read

April 28: Mercantile Exchange Nepal Limited announced the winner of its first ever Selfie Contest. Barsha Maharjan was declared the winner among over 25 contestants. The contest was targeted towards collecting photographs of the nooks and corners of the country and proclaims that the nation is safe for tourism even after the last year’s disastrous…

Miss Nepal Asmi Shrestha gets Yamaha Fascino
Miss Nepal Asmi Shrestha gets Yamaha Fascino
  0   32 minutes 42 seconds to read

April 28: Miss Nepal 2016, Asmi Shrestha was awarded with Yamaha Fascino Scooter. Vishnu Kumar Agrawal, Managing Director of MAW Enterprises presented her with the scooter amid a program held at Yamaha showroom, Tripureshwor. Gopal Sundar Lal Kakshapati , Chairman of The Hidden Treasure, the organiser of Miss Nepal contest was also present in the…

Lumbini Day Being Celebrated Spending Rs 10 Million
Lumbini Day Being Celebrated Spending Rs 10 Million
  0   1 minutes 31 seconds to read

April 28: Lumbini Development Trust that used to spend Rs 3,000,000 in past years, is planning of spending Rs 10 million to celebrate 2560th Buddha Jayanti and Lumbini day. The information about the program was given in a press meet organised on Wednesday at Lumbini. According to Ajitman Tamang, Member Secretary of the Development Trust, eight sub-committees has been formed in order to manage the program that is being organized on 21 May at…

CG Holdings’ Tigerland Safari Resort in Operation
CG Holdings’ Tigerland Safari Resort in Operation
  0   1 minutes 17 seconds to read

April 28: Chaudhary Group has started the operation of Tigerland Safari Resort at Chitwan. The new CG resort is located at Jagatpur at the bank of the Rapti river. Expanding the business, CG Holdings run by Arun Chaudhary has brought the safari resort into operation. The resort has total 35 cottages targeting the domestic and international tourists. Spread across eight bighas of land, the cottages are constructed in an environment-friendly traditional way. 80 percent of total land covered by the resort has been left as jungle. Likewise Nepali tourists are charged Rs 8,000 for two days and one night excluding taxes while international tourists are charged USD160 per person excluding…

Nepali Football Live in Dish Home
Nepali Football Live in Dish Home
  0   39 seconds to read

April 28: Nepali football fans can now watch live broadcast of A-division Football league through Dish Home. Dish Home informs that the Nepalgunj Gold Cup will be the first game to be broadcasted live on Dish Home from April 28 to May 5. Kalyan Adhikari, Deputy General Manager of Dish Home, says “We had previously broadcasted live telecast of Gold Cup that took place in Bangladesh and by the suggestions of Nepali football enthusiast; we have now decided to simulcast all the matches that takes place in the…

EPS Test Fee Payment through Global IME
EPS Test Fee Payment through Global IME
  1   37 seconds to read

April 28: Global IME bank has provided the test fee deposit service for the sixth Korean Language Test by establishing separate counters in different places across the county. “In Kathmandu, the fee and form collection counters are available in Mahendra Aadarsha Vidyaashram of Satdobato, Laboratory School of Kritipur, Chasel Playground of Balkumari, Nepal Ved Vidyaashram of Gaushala and Kathmandu Valley School of Maharajung while the counters are available in Butwal, Pokhara, Dharan, Janakpur and Dadeldhura out of the valley,” informs the bank in a press statement. Global IME bank is the only bank to provide EPS language test fee collection service in collaboration with Government of Nepal, Ministry of labour and Department of Foreign…

Bancassurance Agreement between Citizens’ Bank and Life Insurance

April 28: Citizens’ Bank International and Life Insurance Corporation (Nepal) has finalised the agreement of Bancassurance. Rajan Singh Bhandari, Chief Executive Officer of Citizens’ Bank and P R Mishra, Chief Executive Officer of Life Insurance signed the agreement on behalf of their respective companies amid a program organised on…