NEWS

Kashmiri Food Festival at Soaltee Crowne Plaza
Kashmiri Food Festival at Soaltee Crowne Plaza
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May 23: A Kashmiri food festival is being organised at Soaltee Crown Plaza, Kathmandu. Issuing a press statement, the organiser informed that the food festival ‘Kashmiri Dastarkhana-Kashmiri Wazwan collection’ that starts from from May 18 will conclude in May 28.…

Provident Fund to Build 680 MW Hydro Power Project
Provident Fund to Build 680 MW Hydro Power Project
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May 22: Employees Provident Fund (EPF) is set to build a 680MW hydro power project by investing from the dividend of the EPF…

Government Preparing to Bring Regular Budget on May 29
Government Preparing to Bring Regular Budget on May 29
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May 22: Though the government is saying the budget to be announced on May 29 would be a caretaker kind of budget, the preparation is being made for regular-sized…

Yamaha Hosts Participants of Miss Nepal 2017
Yamaha Hosts Participants of Miss Nepal 2017
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May 22: Miss Nepal 2017 participants have attended a road safety awareness program organized by Yamaha in the capital on May 20. In the program, instructors of Nepal police, Road Safety Society Nepal and MAW Enterprises trained the participants about road accidents and safety measures. The…

Everest Bank Observes “Deposit Mobilization Campaign”
Everest Bank Observes “Deposit Mobilization Campaign”
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May 22: Everest Bank is observing “Deposit Mobilization Campaign” for the period of one month effective from 15th May as a part of its effort to promote financial inclusion as well as to reinforce its supremacy in core deposit…

Dhurmus-Suntali Brand Ambassadors of United Insurance
Dhurmus-Suntali Brand Ambassadors of United Insurance
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May 22:United Insurance has appointed Sitaram Kattel (Dhurmus) and Kunjana Ghimire (Suntali) as its brand ambassador. Shekhar Baral, CEO of the company expressed his contentment on being able to appoint the duo as brand ambassador for the company. “The partnership with the duo will boost the brand and image of…

Prime Bank and Asian Life Insurance in Bancassurance Agreement
Prime Bank and Asian Life Insurance in Bancassurance Agreement
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May 22: Prime Commercial Bank and Asian Life Insurance have entered into a bancasurrance pact in a bid to provide convenient insurance services to the customers. Narayan Das Manandhar,CEO of Prime Bank and Rajesh Kumar Shrestha, CEO of Asian Life signed the agreement amid a program on May 21. With the agreement, customers of the bank can conveniently purchase insurance policies and pay premiums through 55 nationwide…

National Cooperative Bank in NCHL-IPS System
National Cooperative Bank in NCHL-IPS System
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May 22: National Cooperative Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement, NCHL will provide NCHL-IPS service for electronic payment system to the bank. Neelesh Man Singh Pradhan, CEO of NCHL and KB Upreti, Managing…

Sunrise Bank Starts Branch at Birendranagar
Sunrise Bank Starts Branch at Birendranagar
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May 22: Sunrise Bank has started a branch at Birendranagar, Surkhet. Guru Prasad Poudel, Director of Nepal Rastra Bank, Nepalgunj and Prakash Poudel, President of Surkhet Chamber of Commerce and Industries jointly inaugurated the branch amid a program on May 21. “After acquiring Narayani National Finance, Sunrise Bank had two branches in Dhangadi. Out of the two branches, it transferred a branch to…

Reconstruction Lacks Budget of Rs 300 billion
Reconstruction Lacks Budget of Rs 300 billion
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May 21: Apparently, the reconstruction works after the devastating earthquake of April, 2015 now lacks a budget of Rs 308.44 billion for its ongoing…

Salt Trading Imports 50,000 metric tons Sugar at 1% Customs
Salt Trading Imports 50,000 metric tons Sugar at 1% Customs
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May 21: Salt Trading Corporation (STC) is importing 50,000 metric ton sugar from India. In a bid to end private sector’s monopoly and avail sugar at a reasonable price, STC started the import,” said Kumar Raj Bhandari, General Manager of…

City Express Extends Support to Dhurmus-Suntali Foundation
City Express Extends Support to Dhurmus-Suntali Foundation
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May 21: A remittance service provider company, City Express Money Transfer has extended its support to Dhurmus-Suntali Foundation. The company handed over a cheque of Rs 2.9 million to the foundation in the ‘Dhurmus-Suntali Night’ held in Nakano Zero Hall,…

TVS Showroom in Phidim
TVS Showroom in Phidim
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May 21: A TVS motorcycle showroom has been started in Phidim, Panchthar. Mitra Prasad Kafle, President of Panchthar Chamber of Commerce and Industries inaugurated the showroom amid a program on May…

Laxmi Intercontinental Bags Regional Excellence Award
Laxmi Intercontinental Bags Regional Excellence Award
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May 21: Laxmi Intercontinental, the authorized distributor of Hyundai vehicles for Nepal, has bagged ‘Regional Excellence Award’. The company bagged the Regional Excellence Award 2016 under Asia and Pacific region category. The company was handed over the award in a Global Distributors…

Right Issue of Nepal SBI Starts Today
Right Issue of Nepal SBI Starts Today
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May 21: Investors with shares of Nepal SBI Bank can now apply for right issues from today. The bank commenced floatation of the 10:4 right issues from May 21. The interested shareholders registered in the book of the bank by May 8 can apply for the right shares. The bank is floating 19,919,423.60…