Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



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		'Article' => array(
			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
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			'description' => '',
			'sortorder' => '7703',
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			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
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			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

<p>&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '7700',
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			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
			'published' => true,
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			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7697',
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		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

<div>
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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			'sortorder' => '7695',
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			'id' => '7907',
			'article_category_id' => '1',
			'title' => 'NIC Asia opens a new branch office',
			'sub_title' => '',
			'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ',
			'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7688',
			'image' => '20180410041331_download (1).jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 7 => array(
		'Article' => array(
			'id' => '7906',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance',
			'sub_title' => '',
			'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life  Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.',
			'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. &ldquo;Customers of the bank can take insurance service provided by Reliable Nepal Life&nbsp;Insurance from every branch of Siddhartha Bank,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7687',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7903',
			'article_category_id' => '1',
			'title' => 'Proposed Investment worth $14b limited to intent only',
			'sub_title' => '',
			'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.',
			'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p>

<p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p>

<p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p>

<p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country.&nbsp;&nbsp;&nbsp;</p>

<p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p>

<p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7684',
			'image' => null,
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7902',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Sunrise Bank',
			'sub_title' => '',
			'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.',
			'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p>

<p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p>

<p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank&#39;s Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank&#39;s Deputy General Manager Rabin Nepal.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7683',
			'image' => '20180409034624_sunrise.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7900',
			'article_category_id' => '1',
			'title' => 'TVS customers get a chance to watch movie with Priyanka Karki',
			'sub_title' => '',
			'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.',
			'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch &#39;Shatru Gate&#39; at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p>

<p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p>

<p>&quot;We don&#39;t give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale,&quot; said Deepak Agrawal, Vice President of Jagadamba Motors.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7681',
			'image' => '20180409025155_adfadsf.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7899',
			'article_category_id' => '1',
			'title' => 'NAC starts Kathmandu-Surkhet Flights',
			'sub_title' => '',
			'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ',
			'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p>

<p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company&#39;s representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7680',
			'image' => '20180409024142_10 - Copy.jpg',
			'article_date' => '2018-04-09 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7897',
			'article_category_id' => '1',
			'title' => 'Possible Disaster of Makalu Air Averted',
			'sub_title' => '',
			'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.',
			'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla&#39;s airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla&#39;s Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p>

<p>&quot;Anything could have happened had the aircraft left the runway,&quot; he said, adding, &quot;Fortunately, the captain noticed the problem early on due to which a disaster was averted.&quot;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7678',
			'image' => '20180409022716_Makalu.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '7896',
			'article_category_id' => '1',
			'title' => 'Prices of Xiaomi Phones Slashed',
			'sub_title' => '',
			'summary' => 'April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones.',
			'content' => '<p>April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones. Xiaomi is globally known for providing premium products at affordable prices and Vatsal Impex is following the same principle, the company said in a statement.&nbsp;</p>

<p>&quot;As per the demand of the market and the love of the people towards the brand, the company has dropped the price of several phones to increase the number of smartphone users in Nepal and give them a premium feel,&quot; the statement says.</p>

<p>According to the company, the updated price of MI A1 (4GB+64GB) is Rs 24,499, MI A1 (4GB+32GB) is Rs 22,999, Redmi 4A (2GB+32GB) is Rs 12,999, Redmi 4A (2GB+16GB) is Rs 11,499, Redmi 5 plus (4GB+64GB) is Rs 22,999, Redmi &nbsp;5 plus (3GB+32GB) is Rs 19,999, Redmi 5 (3GB+32GB) is Rs 17,999, Redmi &nbsp;5 (2GB+16GB) is Rs 15,999, Redmi 5A (2GB+16GB) is Rs 11,999, Redmi 3S Prime (3GB+32GB) is Rs 15,499, Redmi Note 4 (4GB+64GB) is Rs 20,999, Redmi Note 4 (3GB+32GB) is Rs 18,999, Redmi 4X(3GB+32GB) is Rs 15,999, Redmi &nbsp;4X(2GB+16GB) is Rs 14,999, Redmi Note 5A Prime (3GB+32GB) is Rs 17,499, Redmi Note 5A(2GB+16GB) is Rs 13,999.</p>
',
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			'created' => '2018-04-09',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '7677',
			'image' => '20180409021524_mi-logo (1)d.jpg',
			'article_date' => '2018-04-09 00:00:00',
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		'Article' => array(
			'id' => '7895',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Organises Blood Donation Programme',
			'sub_title' => '',
			'summary' => 'April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17th anniversary of the bank. ',
			'content' => '<p>April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17<sup>th</sup> anniversary of the bank. Issuing a press statement on Sunday, April 8, the bank said that staff and customers of the bank donated blood. &ldquo;The bank will organise different programmes through its branches for a week under corporate social responsibility,&rdquo; the statement said. The bank has been providing banking service through 72 branches, two extension counters and 58 ATMs.&nbsp; &nbsp;</p>
',
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			'sortorder' => '7676',
			'image' => '20180409022854_kumariddddd.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '16'
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$current_user = null
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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$articles = array(
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		'Article' => array(
			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7703',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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		'Article' => array(
			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7700',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7697',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

<div>
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2021-06-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7695',
			'image' => '20180410032607_M1.jpg',
			'article_date' => '2018-04-01 00:00:00',
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		'Article' => array(
			'id' => '7907',
			'article_category_id' => '1',
			'title' => 'NIC Asia opens a new branch office',
			'sub_title' => '',
			'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ',
			'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7688',
			'image' => '20180410041331_download (1).jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '7906',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance',
			'sub_title' => '',
			'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life  Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.',
			'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. &ldquo;Customers of the bank can take insurance service provided by Reliable Nepal Life&nbsp;Insurance from every branch of Siddhartha Bank,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7687',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '7903',
			'article_category_id' => '1',
			'title' => 'Proposed Investment worth $14b limited to intent only',
			'sub_title' => '',
			'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.',
			'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p>

<p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p>

<p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p>

<p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country.&nbsp;&nbsp;&nbsp;</p>

<p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p>

<p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7684',
			'image' => null,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7902',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Sunrise Bank',
			'sub_title' => '',
			'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.',
			'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p>

<p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p>

<p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank&#39;s Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank&#39;s Deputy General Manager Rabin Nepal.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7683',
			'image' => '20180409034624_sunrise.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7900',
			'article_category_id' => '1',
			'title' => 'TVS customers get a chance to watch movie with Priyanka Karki',
			'sub_title' => '',
			'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.',
			'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch &#39;Shatru Gate&#39; at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p>

<p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p>

<p>&quot;We don&#39;t give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale,&quot; said Deepak Agrawal, Vice President of Jagadamba Motors.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7681',
			'image' => '20180409025155_adfadsf.jpg',
			'article_date' => '2018-04-09 00:00:00',
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		'Article' => array(
			'id' => '7899',
			'article_category_id' => '1',
			'title' => 'NAC starts Kathmandu-Surkhet Flights',
			'sub_title' => '',
			'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ',
			'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p>

<p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company&#39;s representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7680',
			'image' => '20180409024142_10 - Copy.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7897',
			'article_category_id' => '1',
			'title' => 'Possible Disaster of Makalu Air Averted',
			'sub_title' => '',
			'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.',
			'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla&#39;s airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla&#39;s Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p>

<p>&quot;Anything could have happened had the aircraft left the runway,&quot; he said, adding, &quot;Fortunately, the captain noticed the problem early on due to which a disaster was averted.&quot;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7678',
			'image' => '20180409022716_Makalu.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '7896',
			'article_category_id' => '1',
			'title' => 'Prices of Xiaomi Phones Slashed',
			'sub_title' => '',
			'summary' => 'April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones.',
			'content' => '<p>April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones. Xiaomi is globally known for providing premium products at affordable prices and Vatsal Impex is following the same principle, the company said in a statement.&nbsp;</p>

<p>&quot;As per the demand of the market and the love of the people towards the brand, the company has dropped the price of several phones to increase the number of smartphone users in Nepal and give them a premium feel,&quot; the statement says.</p>

<p>According to the company, the updated price of MI A1 (4GB+64GB) is Rs 24,499, MI A1 (4GB+32GB) is Rs 22,999, Redmi 4A (2GB+32GB) is Rs 12,999, Redmi 4A (2GB+16GB) is Rs 11,499, Redmi 5 plus (4GB+64GB) is Rs 22,999, Redmi &nbsp;5 plus (3GB+32GB) is Rs 19,999, Redmi 5 (3GB+32GB) is Rs 17,999, Redmi &nbsp;5 (2GB+16GB) is Rs 15,999, Redmi 5A (2GB+16GB) is Rs 11,999, Redmi 3S Prime (3GB+32GB) is Rs 15,499, Redmi Note 4 (4GB+64GB) is Rs 20,999, Redmi Note 4 (3GB+32GB) is Rs 18,999, Redmi 4X(3GB+32GB) is Rs 15,999, Redmi &nbsp;4X(2GB+16GB) is Rs 14,999, Redmi Note 5A Prime (3GB+32GB) is Rs 17,499, Redmi Note 5A(2GB+16GB) is Rs 13,999.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7677',
			'image' => '20180409021524_mi-logo (1)d.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '7895',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Organises Blood Donation Programme',
			'sub_title' => '',
			'summary' => 'April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17th anniversary of the bank. ',
			'content' => '<p>April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17<sup>th</sup> anniversary of the bank. Issuing a press statement on Sunday, April 8, the bank said that staff and customers of the bank donated blood. &ldquo;The bank will organise different programmes through its branches for a week under corporate social responsibility,&rdquo; the statement said. The bank has been providing banking service through 72 branches, two extension counters and 58 ATMs.&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7676',
			'image' => '20180409022854_kumariddddd.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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			'Article' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7703',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 1 => array(
		'Article' => array(
			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7700',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7697',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

<div>
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2021-06-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7695',
			'image' => '20180410032607_M1.jpg',
			'article_date' => '2018-04-01 00:00:00',
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			'id' => '7907',
			'article_category_id' => '1',
			'title' => 'NIC Asia opens a new branch office',
			'sub_title' => '',
			'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ',
			'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7688',
			'image' => '20180410041331_download (1).jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
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			'in_scroller' => false,
			'user_id' => '16'
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			'id' => '7906',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance',
			'sub_title' => '',
			'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life  Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.',
			'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. &ldquo;Customers of the bank can take insurance service provided by Reliable Nepal Life&nbsp;Insurance from every branch of Siddhartha Bank,&rdquo; the statement added.</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7687',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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			'main_news' => false,
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '7903',
			'article_category_id' => '1',
			'title' => 'Proposed Investment worth $14b limited to intent only',
			'sub_title' => '',
			'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.',
			'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p>

<p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p>

<p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p>

<p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country.&nbsp;&nbsp;&nbsp;</p>

<p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p>

<p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7684',
			'image' => null,
			'article_date' => '2018-04-09 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7902',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Sunrise Bank',
			'sub_title' => '',
			'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.',
			'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p>

<p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p>

<p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank&#39;s Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank&#39;s Deputy General Manager Rabin Nepal.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7683',
			'image' => '20180409034624_sunrise.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '7900',
			'article_category_id' => '1',
			'title' => 'TVS customers get a chance to watch movie with Priyanka Karki',
			'sub_title' => '',
			'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.',
			'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch &#39;Shatru Gate&#39; at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p>

<p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p>

<p>&quot;We don&#39;t give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale,&quot; said Deepak Agrawal, Vice President of Jagadamba Motors.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7681',
			'image' => '20180409025155_adfadsf.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7899',
			'article_category_id' => '1',
			'title' => 'NAC starts Kathmandu-Surkhet Flights',
			'sub_title' => '',
			'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ',
			'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p>

<p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company&#39;s representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7680',
			'image' => '20180409024142_10 - Copy.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7897',
			'article_category_id' => '1',
			'title' => 'Possible Disaster of Makalu Air Averted',
			'sub_title' => '',
			'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.',
			'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla&#39;s airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla&#39;s Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p>

<p>&quot;Anything could have happened had the aircraft left the runway,&quot; he said, adding, &quot;Fortunately, the captain noticed the problem early on due to which a disaster was averted.&quot;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7678',
			'image' => '20180409022716_Makalu.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '7896',
			'article_category_id' => '1',
			'title' => 'Prices of Xiaomi Phones Slashed',
			'sub_title' => '',
			'summary' => 'April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones.',
			'content' => '<p>April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones. Xiaomi is globally known for providing premium products at affordable prices and Vatsal Impex is following the same principle, the company said in a statement.&nbsp;</p>

<p>&quot;As per the demand of the market and the love of the people towards the brand, the company has dropped the price of several phones to increase the number of smartphone users in Nepal and give them a premium feel,&quot; the statement says.</p>

<p>According to the company, the updated price of MI A1 (4GB+64GB) is Rs 24,499, MI A1 (4GB+32GB) is Rs 22,999, Redmi 4A (2GB+32GB) is Rs 12,999, Redmi 4A (2GB+16GB) is Rs 11,499, Redmi 5 plus (4GB+64GB) is Rs 22,999, Redmi &nbsp;5 plus (3GB+32GB) is Rs 19,999, Redmi 5 (3GB+32GB) is Rs 17,999, Redmi &nbsp;5 (2GB+16GB) is Rs 15,999, Redmi 5A (2GB+16GB) is Rs 11,999, Redmi 3S Prime (3GB+32GB) is Rs 15,499, Redmi Note 4 (4GB+64GB) is Rs 20,999, Redmi Note 4 (3GB+32GB) is Rs 18,999, Redmi 4X(3GB+32GB) is Rs 15,999, Redmi &nbsp;4X(2GB+16GB) is Rs 14,999, Redmi Note 5A Prime (3GB+32GB) is Rs 17,499, Redmi Note 5A(2GB+16GB) is Rs 13,999.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7677',
			'image' => '20180409021524_mi-logo (1)d.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7895',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Organises Blood Donation Programme',
			'sub_title' => '',
			'summary' => 'April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17th anniversary of the bank. ',
			'content' => '<p>April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17<sup>th</sup> anniversary of the bank. Issuing a press statement on Sunday, April 8, the bank said that staff and customers of the bank donated blood. &ldquo;The bank will organise different programmes through its branches for a week under corporate social responsibility,&rdquo; the statement said. The bank has been providing banking service through 72 branches, two extension counters and 58 ATMs.&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7676',
			'image' => '20180409022854_kumariddddd.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7703',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 2 => array(
		'Article' => array(
			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7700',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
			'published' => true,
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			'description' => '',
			'sortorder' => '7697',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

<div>
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2021-06-02',
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	(int) 6 => array(
		'Article' => array(
			'id' => '7907',
			'article_category_id' => '1',
			'title' => 'NIC Asia opens a new branch office',
			'sub_title' => '',
			'summary' => 'April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. ',
			'content' => '<p>April 10: Aiming at providing banking service in every local level, NIC Asia Bank has opened a new branch office at Gitanagar in Chitwan. Issuing a press statement, the bank said that Mayor of Bharatpur Metropolitan City Renu Dahal and one of the promoters of the bank Rajendra Prasad Aryal jointly inaugurated the branch office. With the opening of the new branch office, the bank now has 192 branch offices and 193 ATM outlets all over the nation.</p>

<p>&nbsp;</p>
',
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			'article_date' => '2018-04-10 00:00:00',
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		'Article' => array(
			'id' => '7906',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Reliable Nepal Insurance sign bancassurance',
			'sub_title' => '',
			'summary' => 'April 10: Siddhartha Bank and Reliable Nepal Life  Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9.',
			'content' => '<p>April 10: Siddhartha Bank and Reliable Nepal Life Insurance have signed a bancassurance agreement amidst a programme organised on Monday, April 9. Issuing a press statement, the bank said that the agreement was signed by Rameshwar Prasad Basyal, deputy general manager of the bank and Narayan Babu Lohani, chief executive officer of the insurance company. &ldquo;Customers of the bank can take insurance service provided by Reliable Nepal Life&nbsp;Insurance from every branch of Siddhartha Bank,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
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			'description' => '',
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			'article_date' => '2018-04-10 00:00:00',
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		'Article' => array(
			'id' => '7903',
			'article_category_id' => '1',
			'title' => 'Proposed Investment worth $14b limited to intent only',
			'sub_title' => '',
			'summary' => 'April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.',
			'content' => '<p>April 9: Investors from different countries, who had signed letter of intent (LoI) for investing almost $14 billion in Nepal, have not shown any interest of investing in Nepal. Former Industry Minister Nabindra Raj Joshi had said that the LoI would be converted into commitment within a year.</p>

<p>During the Investment Summit held a year ago, 22 companies from seven countries including Nepal had signed the LoI worth $13.52 billion. They had shown keen interest to invest in the sectors like hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and the financial sector, amongst others.</p>

<p>According to the Spokesperson at the Investment Board Nepal (IBN) Uttam Wagle, the government is holding talks with the investors to bring the foreign direct investment (FDI) in the country, but they have shown no sign to invest in Nepal.</p>

<p>The IBN and the Ministry of Industry (MoI) had pledged to make investment-friendly environment in the country after the summit. Meanwhile, former Industry Minister Joshi says that the government should show keen interest and take initiatives to bring the intended amount to the country.&nbsp;&nbsp;&nbsp;</p>

<p>Among the intended amount, China had signed LoI worth $8.3 billion, while domestic investors had also signed LoI worth $11.5 million.</p>

<p>Similarly, Bangladeshi investors signed LoI worth $2.4 billion, whereas Japanese and UK investors had signed LoI worth almost $1 billion. Likewise, investors from Sri Lanka and India had shown keen interest to invest $500 million and $317 million, respectively.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7684',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7902',
			'article_category_id' => '1',
			'title' => 'Two More Branches of Sunrise Bank',
			'sub_title' => '',
			'summary' => 'April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.',
			'content' => '<p>April 9: Sunrise Bank has opened two more branches as per the directive of Nepal Rastra Bank to make banking service available across the nation.</p>

<p>The bank opened its branches at Durga Bhagwati Rural Municipality of Rautahat and Githichaur Rural Municipality of Jumla district on Sunday, April 8.</p>

<p>The Durga Bhagwati branch was jointly inaugurated by mayor of the municipality, Arun Kumar Shah and the bank&#39;s Deputy General Manager Apachh Kumar Yadav. Likewise, the Guthichaur branch was jointly inaugurated by Hari Bahadur Bhandari and the bank&#39;s Deputy General Manager Rabin Nepal.</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7683',
			'image' => '20180409034624_sunrise.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7900',
			'article_category_id' => '1',
			'title' => 'TVS customers get a chance to watch movie with Priyanka Karki',
			'sub_title' => '',
			'summary' => 'April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki.',
			'content' => '<p>April 9: Jagadamba Motors, the authorised distributor of TVS motorcycles and scooters in Nepal, organised a film show for its customers with actress Priyanka Karki. Issuing a press statement, the company said that the customers of TVS Jupiter Classic were provided an opportunity to watch &#39;Shatru Gate&#39; at Lalitpur-based Labim Mall with the celebrity on Friday, April 5.</p>

<p>The company said that it has been organising such events to keep in touch with its customers even after the sale is over.</p>

<p>&quot;We don&#39;t give priority just for sale of two wheelers. We provide service and entertainment for our customers even after sale,&quot; said Deepak Agrawal, Vice President of Jagadamba Motors.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-09',
			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7681',
			'image' => '20180409025155_adfadsf.jpg',
			'article_date' => '2018-04-09 00:00:00',
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		'Article' => array(
			'id' => '7899',
			'article_category_id' => '1',
			'title' => 'NAC starts Kathmandu-Surkhet Flights',
			'sub_title' => '',
			'summary' => 'April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. ',
			'content' => '<p>April 9: Nepal Airlines Corporation has started direct flights between Kathmandu and Surkhet. The state-owned airline company sent its 18-seater plane with call sign 9N AKS Y 12-E to Surkhet for the first time on Sunday, April 8. The plane with seven people on board, including the aircraft crew, landed at the airport at 8.55 am, according to the airport chief Binod Kumar Panta. The plane returned back to Kathmandu with 12 passengers at 12.37 pm.</p>

<p>Nepal Airlines Corporation informed that it started the flights with the objective of providing flight service to all the airports of Karnali Province. The airline company&#39;s representative in Surkhet, Chetan Kumar Timilsina informed that the flag carrier of Nepal will have one flight a week to Surkhet every week on Sunday.</p>
',
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			'image' => '20180409024142_10 - Copy.jpg',
			'article_date' => '2018-04-09 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7897',
			'article_category_id' => '1',
			'title' => 'Possible Disaster of Makalu Air Averted',
			'sub_title' => '',
			'summary' => 'April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla's airport.',
			'content' => '<p>April 9: A single-engine aircraft belonging to Makalu Air had a narrow escape at Humla&#39;s airport. The plane with call sign 9N-AJg was all set to carry 10 passengers from Humla&#39;s Simikot Airport to Surkhet on Sunday morning when it developed hydraulic problem. Fortunately, the plane stopped in the runway before take-off, averting a possible disaster. The aircraft has traveled 15 meters from the apron when Captain Kiran Bhattarai noticed the problem and stopped the engine, informed Raju Mahato, acting chief of the airport.</p>

<p>&quot;Anything could have happened had the aircraft left the runway,&quot; he said, adding, &quot;Fortunately, the captain noticed the problem early on due to which a disaster was averted.&quot;</p>
',
			'published' => true,
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			'modified' => '2018-04-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7678',
			'image' => '20180409022716_Makalu.jpg',
			'article_date' => '2018-04-09 00:00:00',
			'homepage' => false,
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			'main_news' => true,
			'in_scroller' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '7896',
			'article_category_id' => '1',
			'title' => 'Prices of Xiaomi Phones Slashed',
			'sub_title' => '',
			'summary' => 'April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones.',
			'content' => '<p>April 9: Vatsal Impex, one of the authorized distributors of Xiaomi products for Nepal, has reviewed the price of its phones. Xiaomi is globally known for providing premium products at affordable prices and Vatsal Impex is following the same principle, the company said in a statement.&nbsp;</p>

<p>&quot;As per the demand of the market and the love of the people towards the brand, the company has dropped the price of several phones to increase the number of smartphone users in Nepal and give them a premium feel,&quot; the statement says.</p>

<p>According to the company, the updated price of MI A1 (4GB+64GB) is Rs 24,499, MI A1 (4GB+32GB) is Rs 22,999, Redmi 4A (2GB+32GB) is Rs 12,999, Redmi 4A (2GB+16GB) is Rs 11,499, Redmi 5 plus (4GB+64GB) is Rs 22,999, Redmi &nbsp;5 plus (3GB+32GB) is Rs 19,999, Redmi 5 (3GB+32GB) is Rs 17,999, Redmi &nbsp;5 (2GB+16GB) is Rs 15,999, Redmi 5A (2GB+16GB) is Rs 11,999, Redmi 3S Prime (3GB+32GB) is Rs 15,499, Redmi Note 4 (4GB+64GB) is Rs 20,999, Redmi Note 4 (3GB+32GB) is Rs 18,999, Redmi 4X(3GB+32GB) is Rs 15,999, Redmi &nbsp;4X(2GB+16GB) is Rs 14,999, Redmi Note 5A Prime (3GB+32GB) is Rs 17,499, Redmi Note 5A(2GB+16GB) is Rs 13,999.</p>
',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7895',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Organises Blood Donation Programme',
			'sub_title' => '',
			'summary' => 'April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17th anniversary of the bank. ',
			'content' => '<p>April 9: Butwal branch of Kumari Bank organised a blood donation programme in coordination with branches of Bhairahawa, Drivertole and Shukrapath on the occasion of the 17<sup>th</sup> anniversary of the bank. Issuing a press statement on Sunday, April 8, the bank said that staff and customers of the bank donated blood. &ldquo;The bank will organise different programmes through its branches for a week under corporate social responsibility,&rdquo; the statement said. The bank has been providing banking service through 72 branches, two extension counters and 58 ATMs.&nbsp; &nbsp;</p>
',
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			'description' => '',
			'sortorder' => '7676',
			'image' => '20180409022854_kumariddddd.jpg',
			'article_date' => '2018-04-09 00:00:00',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117