Prices of 113 companies fell as Nepse fell by one point

Kathmandu: On Thursday, the Nepse index, which measures sharp fluctuations throughout the day, declined by only one point at the close. Of the 13 sub-indexes traded on Nepse, 7 sub-index have declined and 6 sub-index have increased. The largest development banks grew by 2.04 percent, while the most ‘other’ groups declined by 1.19 percent. Share… Continue reading Prices of 113 companies fell as Nepse fell by one point

2607 infected, 39 died from corona in last 24 hours

Symbolic image

Kathmandu: Corona virus infection has been confirmed in 2,607 people in the last 24 hours. According to the Ministry of Health and Population, the PCR test on 7,711 people confirmed the infection in 1,768 people and the antigen test in 4,773 people confirmed the infection in 839 people. Meanwhile, in the last 24 hours, 39… Continue reading 2607 infected, 39 died from corona in last 24 hours

World Bank supports Nepal with $150 mn for Pandemic response and recovery

Photo: Reuters

Kathmandu: The World Bank’s Board of Executive Directors today approved a $150 million development policy credit to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth. “Amid the economic and social impacts of the pandemic, our priority is to provide immediate relief to affected populations and support Nepal’s… Continue reading World Bank supports Nepal with $150 mn for Pandemic response and recovery

HMD Global launches Nokia G20 and G10 in Nepal

Kathmandu: HMD Global, the home of Nokia phones, has launched the Nokia G20 and the Nokia G10 – the latest smartphone with the first-ever three-day battery life to help people power their busy lives in Nepal.The new G-series boasts the longest battery life yet for a Nokia smartphone. Ravi Kunwar, General Manager – Pan Asia… Continue reading HMD Global launches Nokia G20 and G10 in Nepal

World Bank rejects El Salvador request for Bitcoin help

Photo Courtesy: Reuters

BBC: The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. The international lender cited concerns over transparency and the environmental impact of Bitcoin mining. Earlier this month, the Central American country announced plans to become the first nation to formally adopt the digital currency.… Continue reading World Bank rejects El Salvador request for Bitcoin help

Mostly BFIs branch office open from today

Representative Image

Kathmandu: Most of the branch offices of banks and financial institutions in Kathmandu Valley are open from today. Most of the bank’s branch offices reopened on Tuesday after the government decided to extend the restrictions by one week. According to Nepal Rastra Bank the banks have been instructed to open minimum branches by following the… Continue reading Mostly BFIs branch office open from today

2,745 people infected; 4,187 recovered from corona in last 24 hours

Kathmandu: In the last 24 hours, an additional 2,745 people have been confirmed infected with the corona virus. According to the Ministry of Health and Population, out of 7,449 PCR tests 1,681 tested positive and out of 5,841 antigen tests 1,064 tested positive for coronavirus. In the last 24 hours, 41 people have died due… Continue reading 2,745 people infected; 4,187 recovered from corona in last 24 hours

Novavax: Large study finds COVID-19 shot about 90pc effective

File Photo In this Wednesday, Oct. 7, 2020, file photo, a vial of the Phase 3 Novavax coronavirus vaccine is seen ready for use in the trial at St. George's University hospital in London. Photo Courtesy: AP

AP: Vaccine maker Novavax said Monday its COVID-19 shot was highly effective against the disease and also protected against variants in a large study in the U.S. and Mexico, potentially offering the world yet another weapon against the virus at a time when developing countries are desperate for doses. The two-shot vaccine was about 90… Continue reading Novavax: Large study finds COVID-19 shot about 90pc effective