Category: Finance

Kathmandu: Kathmandu Metropolitan City (KMC) has shown cold shoulder to social activist Iih’s demand who is on a protest for last 8 days in favor of street seller. The National Human Rights Commission has also drawn serious attention of KMC to the health condition of Iih, who has been standing in front of the National… Continue reading KMC shows cold shoulder to social activist Iih’s protest over street seller issue

Kathmandu: Nepal Oil Corporation (NOC) is preparing to issue primary shares (IPO) for the general public. The executive director of the corporation, Umesh Prasad Thani, said that the corporation is preparing to issue an IPO for the public. Speaking at the 28th Annual General Meeting of Nepal LP Gas Industry Association on Tuesday, Executive Director… Continue reading Nepal Oil Corporation preparing to issue IPO for public

Kathmandu: Prices of US Dollar has surged in Nepal. According to Nepal Rastra Bank (NRB), the buying rate of one dollar has been fixed at 132 rupees 74 paisa and the selling rate of 133 rupees 34 paisa. On Monday, the buying rate of one US dollar was fixed at 132 rupees 40 paisa and… Continue reading US dollar surges against Nepali Rupee

Kathmandu: A 13-point memorandum of understanding has been signed between Nepal and China. In the presence of Prime Minister Pushpa Kamal Dahal Prachanda and Chinese counterpart Li Qiang, officials of Nepal and China exchanged 10 agreements and 3 memorandums of understanding. These agreements and memorandums of understanding are related to agriculture, communication, science and technology,… Continue reading Nepal-China signs 13-point agreement during PM Dahal’s visit

Kathmandu: The Confederation of Nepal Industry (CNI) and the China Council for Promotion of International Trade (CCPIT) have reached an agreement to establish a Nepal-China Business Council (NCBC) to promote investment and bilateral cooperation between the two countries. On the occasion of Prime Minister Pushpa Kamal Dahal (Prachanda)’s visit to China, CNI and CCPIT has… Continue reading Agreement between ‘CNI’ and ‘CCPIT’ to establish Nepal-China Business Council

Kathmandu: The World Bank has approved a grant of $20 million to support the Government of Nepal’s Food and Nutrition Security Enhancement Project (FANSEP)-II. The project aims to benefit more than 55,000 small-holder farmers in 16 rural municipalities in Nepal through improved agricultural productivity and nutrition practices and scaling up climate-smart agriculture practices. “Achieving food… Continue reading World Bank approves 20 mn dollar grant to support Nepal’s agriculture and nutrition Sector

Kathmandu: The price of the US dollar in Nepal has reached its highest point ever. Tuesday, the buying rate of the US dollar in the Nepali market has reached 132 rupees 94 paisa and the selling rate has reached 133 rupees 54 paisa. This is the highest rate ever. After the Indian currency weakened against… Continue reading US dollar at all time high as Nepali currency weakens

Kathmandu: Himalaya Airlines, a joint venture between Nepal and China has started Kathmandu-Qingdao-Kathmandu flight service. Issuing a press statement today, the company states that this new route will offer passengers travel options between the capital city of Nepal and the coastal city of China, known for its picturesque landscapes, rich cultural heritage, and economic significance.… Continue reading Himalaya Airlines inaugurates Kathmandu-Qingdao-Kathmandu flight

Kathmandu: Litmus Cables, a Ramesh Corp. entity, is proud to announce the successful launch of its groundbreaking wire, EcoWire-ZH, manufactured in Nepal using cutting-edge German technology. EcoWire-ZH stands as a significant milestone in Nepal’s electrical industry, being the nation’s first Zero Halogen wire. It is poised to revolutionize safety standards across a wide range of… Continue reading Litmus Cables introduces EcoWire-ZH: Nepal’s first zero-halogen wire

Kathmandu: Nepal Electricity Authority (NEA) has got permission to sell 109 MW electricity to India. The Central Electricity Authority under the Ministry of Electricity of India has given permission to NEA to sell 109 megawatts of 2 hydropower projects for a period of 5 years. NEA will sell the electricity to India’s NTPC Vidyut Vhar… Continue reading NEA receives permission to sell 109 MW electricity to India