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Tiger Palace Resort accused of misusing bank loans
Published On: March 21, 2021 07:25 PM NPT By: Republica
KATHMANDU, March 21: Tiger Palace Resort, which has been falling into a number of controversies ever since its inception, has been of late accused of misusing bank loans.
Stocks rally backed by improved volumes
Published On: March 21, 2021 06:45 PM NPT By: Republica
KATHMANDU, March 21: Local equities stretched its prior week gaining spree as Nepse kicked off week with a substantial advance. The index climbed as high as 2,511 points in the morning but saw a pullback at mid-day. Nonetheless, the market remained firmly in control of bulls in latter trading hours. The index rose around 60 points in the afternoon and plateaued thereafter. A closing minutes’ rise saw the benchmark end with a gain of 63.38 points at 2,538.47.
NAC in final stage of selling its Boeing 757-200 aircraft to American company
Published On: March 21, 2021 01:05 PM NPT By: Minraj Bhandari
KATHMANDU, March 21: In order to sell its Boeing 757-200 aircraft, the national flag carrier Nepal Airlines Corporation (NAC) has sent a final agreement to the American company CSDS Aircraft Sales and Leasing Company. Stating that the sale process could not be taken forward earlier due to the long lockdown, the NAC said that the process would be completed soon.
India expresses concerns over growing export of soybean oil from Nepal to India
Published On: March 21, 2021 06:30 AM NPT By: Republica
KATHMANDU, March 21: India has expressed concern over growing export of soybean oil from Nepal to India even as Nepal has extremely low production of its raw materials.
Govt body starts feasibility study to set up mobile phone assembling plants in Nepal
Published On: March 20, 2021 06:00 PM NPT By: Republica
KATHMANDU, March 20: Nepal Telecommunications Authority (NTA) has started a feasibility study to install assembling and refurbishing plants of mobile phone sets inside the country.
Rural Electrification Project worth Rs 4 billion to start in Province 2
Published On: March 19, 2021 07:30 PM NPT By: Republica
KATHMANDU, March 19: A contract agreement has been signed to improve the electricity transmission and distribution system of eight districts in Province 2. The Nepal Electricity Authority (NEA) and Tata Project Limited on Wednesday signed a contract worth around Rs 4 billion for the implementation of Province 2 Rural Electrification Project.
World Bank to provide $75 million to support access to safe and effective COVID-19 vaccines in Nepal
Published On: March 19, 2021 01:03 PM NPT By: Republica
KATHMANDU, March 19: The World Bank has approved $75 million from the International Development Association (IDA) to support access to safe and effective COVID-19 vaccines and equitable vaccine distribution by strengthening Nepal’s health and vaccination system.
Govt partially lifts restriction on import of peppercorns, peas, dates and betel nuts
Published On: March 19, 2021 08:00 AM NPT By: Republica
KATHMANDU, March 19: The government has eased the restriction on the import of peppercorns, peas, dates and betel nuts on condition.
Govt to start listing of sugarcane farmers to end delay in their payment by sugar mills
Published On: March 19, 2021 06:30 AM NPT By: Republica
KATHMANDU, March 19: The government is all set to start listing the sugarcane farmers to resolve the problem of the farmers who struggle almost every year to receive payment for their products sold to the sugar mills.
Stocks end higher as market stretches rebound
Published On: March 18, 2021 09:24 PM NPT By: Republica
KATHMANDU, March 18: Strength from the prior trading day carried over to the last trading day of the week as Nepse traded in green throughout the session. After advancing constantly in the beginning half of the trading session, the index lost some steam in the afternoon. However, the index managed to hold on to earlier gains finishing at 2,475.09 – up 42.95 points against Wednesday’s close.
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