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Business

Axiata Group decides to pull out as income declines

Malaysian company Axiata Group, which has invested in Nepali private sector telecommunications company Ncell, is going to exit over gradual decline in income. The group said that it will sell 80 percent of its shares in Ncell. Axiata Group, which…

Axiata to exit from Ncell

Axiata, a Malaysian multinational telecommunications conglomerate, is going to exit from Ncell, the first private mobile service provider in Nepal.  A board meeting of Axita held recently took a decision to this effect. Axiata Group has 8…

NCC urges Japanese industrialists to invest in Nepal

Nepal Chamber of Commerce (NCC) has urged the Japanese industrialists and businessmen to invest in Nepal. NCC President Rajendra Malla suggested for Japanese investment and partnership during discussions with the visiting representatives of the I…

Koshi Province exports tea leaves worth Rs 2.6 bln

The Koshi Province has witnessed a significant production of key cash crops such as tea leaves, cardamom, ginger, and grass groom. According to the Kakarbhitta Plant Quarantine Office, 4,331 metric tons of tea leaves, valued at around Rs 2.6 bill…

Gold price sets new record

The price of yellow metal has recorded all-time high and is being traded at Rs 117,700 per tola (11.6 grams) today. According to the Federation of Nepal Gold and Silver Dealers Associations, with the increase of gold price in international market…

220 kV Basantapur Substation comes into operation

Basantapur Substation constructed at Dharmadevi Municipality in Sankhuwasabha under the Koshi Corridor 220 kV transmission line project has come into operation. The Nepal Electricity Authority (NEA) has brought into operation the Basantpur Substa…

Govt to host Third Investment Summit on April 21-22

The government has announced to organize the Third Investment Summit on coming April 21-22, next year, in Kathmandu. According to Finance Minister Dr Prakash Sharan Mahat, preparations are going on to hold the Summit in the stipulated date. …

NEPSE jumps 47.75 points

Nepal Stock Exchange (NEPSE) index, soared up by 47.75 points to 1907.95 on Sunday, the first trading day of the week. The benchmark index witnessed a transaction of over 2.01 billion rupees today after 37 days of transactions. Similarly, shares …

FinMin pledges budget for women empowerment

Finance Minister Dr Prakash Sharan Mahat has pledged to allocate budget as per the capacity for women's empowerment and enhancement of their rights. Inaugurating 16-Days of Activism against Gender-Based Violence at the National Women Commissi…

Nepal Warehousing issues IPO

Nepal Warehousing Company has issued initial public offerings (IPO) for general public today. The company has issued 1,375,000 units of shares worth Rs 137,500,000 for Rs 100 per unit. This is the 20 percent of the issued capital of Rs 687,5…
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