Musk sells $4B in Tesla shares, presumably for Twitter deal

Tesla CEO Elon Musk holds a press conference to introduce the auto-driving system upgrade for Chinese Tesla owners in Beijing, China on Oct. 23, 2015. Photo Courtesy: Chinatopix via AP

DETROIT (AP): Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to… Continue reading Musk sells $4B in Tesla shares, presumably for Twitter deal

CAAN withdraw its decision of operating late-night flights in domestic sector

Kathmandu: The Civil Aviation Authority of Nepal (CAAN) has decided to allow domestic airlines to fly according to the old slots. The CAAN had sent a letter to the airlines on Thursday instructing them to bring the flight schedule till 12 am but the flight schedule on Friday was not approved. However, the airline operators’… Continue reading CAAN withdraw its decision of operating late-night flights in domestic sector

Supreme court continue the interim order regarding NRB governor

Photo Courtesy: Official Website of the Supreme Court

Kathmandu: The Supreme Court has continued the order to keep the action against Governor Maha Prasad Adhikari of Nepal Rastra Bank (NRB) as it is.With this order, the governor will be able to continue working. A bench of Justices Sapana Pradhan Malla and Tanka Bahadur Moktan on Friday upheld the earlier interim order. Earlier, a… Continue reading Supreme court continue the interim order regarding NRB governor

TIA staffers including sanitation workers involved in gold smuggling

Kathmandu: Five employees of the Tribhuvan International Airport (TIA), including two cleaners, have been arrested on charges of smuggling gold.Two kilograms and 332 grams of illegally imported gold was smuggled out through them. It has been found that they have been involved in smuggling gold smuggled from abroad to the airport. That five persons including… Continue reading TIA staffers including sanitation workers involved in gold smuggling

ANFA selects another 17 players for training after coach-player dispute

Kathmandu: Seventeen new players have been called up for the closed training of the national football team.According to ANFA, 17 new players have been called up after 10 players of the national team left closed training due to a dispute with head coach Abdullah Almutairi. Goalkeepers Bikesh Kuthu, Bishal Sunar and Abhishek Baral are among… Continue reading ANFA selects another 17 players for training after coach-player dispute

NAC’s widebody aircraft landed at GBIA

Kathmandu: Nepal Airlines Corporation’s widebody A330 has arrived at Gautam Buddha International Airport (GBIA) in preparation for a commercial flight. The plane landed at Gautam Buddha International Airport at 5.55 pm. The airporst has been developed as an alternative to Tribhuvan International Airport. Preparations are underway to operate regular flights at Gautam Buddha Airport from… Continue reading NAC’s widebody aircraft landed at GBIA

Airline operators threaten to halt flights from Friday

Aircraft of Yeti Airlines parked at Pokhara airport. Photo: Vishwanews

Kathmandu: Domestic airline operators have threaten to halt flights from Friday. The association has warned that all domestic flights will be shut down if the Civil Aviation Authority of Nepal (CAAN) forces to operate flights after 8 pm. The authority had written a letter to the domestic airlines operating regular flights on Wednesday informing them… Continue reading Airline operators threaten to halt flights from Friday

Govt ban on import of 10 expensive stuff

Kathmandu: The government has completely banned the import of 10 different types of materials. The Ministry of Industry, Commerce and Supplies publish a notice in the Nepal Gazette on Tuesday to ban the import of various goods till mid-July. The government has banned on import of Indian snack items Kurkure, all types of prepared alcohol,… Continue reading Govt ban on import of 10 expensive stuff

Governer says Russia-Ukraine war could raise inflation

Kathmandu: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said that the war between Russia and Ukraine could lead to higher prices. Addressing 67th annual programme of Nepal Rastra Bank, Governor Adhikari said that the external sector of the economy is under some pressure. He also said that the NRB is taking policy initiatives… Continue reading Governer says Russia-Ukraine war could raise inflation

Govt bans taking pictures and videos inside examination hall

Kathmandu: The government has banned taking pictures and videos in schools and universities during examinations. During the Secondary Education Examination (SEE), the Ministry of Home Affairs issued a statement urging not to take pictures and videos of students in university and school annual and other examinations except for official purposes. A similar statement said that… Continue reading Govt bans taking pictures and videos inside examination hall