MOSCOW, Aug 16: Months after denouncing social media as a “menace to society,” controversial billionaire George Soros is again investing into Facebook, Twitter and streaming services Spotify and Pandora, while scaling back his Google holdings.

RATNANAGAR, Aug 16: The Ratnanagar municipality and agitating seven parties led by Nepali Congress (NC) have reached an 11-point charter of consensus on tax adjustment, putting to an end to the struggle waged to protest rise in tax.

Nepse surges on upbeat earning reports

August 16, 2018 07:45 am

KATHMANDU, Aug 16: Stocks traded flat for most of the trading session on Monday. However, the benchmark Nepal Stock Exchange (Nepse) Index saw significant strength as the stocks rose in a broad rally in the final trading hour on Wednesday. The index that opened at 1,180.98 points surged 28.73 points to close at 1,209.71 points.

KATHMANDU, Aug 16: Air Arabia has said that it will start flights to its new European destination -- Prague in Czech Republic. Issuing a statement on Wednesday, the company said that the inaugural flight to the city will take place on December 11, 2018.

Britannia launches Good Day TVC

August 16, 2018 07:40 am

KATHMANDU, Aug 16: Britannia Industries Limited of India has launched a TV campaign in Nepal under its popular biscuit brand Good Day, on the occasion of 100th year of establishment of the company. The campaign entitled 'Smile more for a Good Day' features Nepali actor Priyanka Karki.

BARA, Aug 16: Reliance Sugar Industry Bara produced 25,500 tons of sugar this season. But the mill has managed to sell only 6,000 tons so far. The mill has Rs 1.24 billion worth of sugar in stock in its warehouse, according to Rajkumar Agrawal, promoter of Reliance Sugar Industry -- a member of Shivashakti Group.

KATHMANDU, Aug 16: The Office of the Millennium Challenge Account (MCA) Nepal has proposed to the government to include three electricity transmission line projects spanning a total of 300 kilometers in the list of national pride projects.

KATHMANDU, Aug 16: The government is mulling over providing social security benefits for Nepali workers going abroad. As the government is moving toward implementing contribution-based pension system for government employees, Nepalis in foreign employment are also likely to be enrolled in social security schemes, including retirement saving plans, according to government officials.

KATHMANDU, Aug 16: The member states of Bay of Bengal Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) are considering establishing BIMSTEC Development Fund and BIMSTEC Infrastructure Bank to implement various projects that help deepen economic cooperation and enhance connectivity through infrastructure banks among member states of this sub-regional body.

Tax hike up to 2,500 percent

August 16, 2018 06:46 am

KATHMANDU, Aug 16: Dismayed by enormous tax increases in goods and services, people living in various parts of the country have accused the local and central governments of extortion.