We’re selling four Cretas a day: Laxmi Intercontinental

Published On: August 27, 2016 09:23 AM NPT By: Republica

KATHMANDU, Aug 27: Laxmi Intercontinental, the authorized distributor of Hyundai vehicles for Nepal, said Friday that it is selling an average of four units of Hyundai Creta a day in the country.

Special general meeting approves Civil Bank-ILFLC merger

Published On: August 27, 2016 09:21 AM NPT By: Republica

KATHMANDU, Aug 27: A special general meeting of shareholders of Civil Bank Ltd has approved a proposal for its merger with International Leasing & Finance Company Ltd (ILFCL).

NIC ASIA announces rights issue, stock dividend

Published On: August 27, 2016 09:18 AM NPT By: Republica

KATHMANDU, Aug 27: NIC Asia Bank Ltd has announced that its board of directors has proposed distributing 26 percent stock dividend and 1.37 percent cash dividend to its shareholders.

Energy Minister to meet NT, CIT, EPF execs

Published On: August 26, 2016 08:46 AM NPT By: Republica

KATHMANDU, Aug 26: Hoping to explore financing of hydropower projects using 'domestic resources', Minister for Energy Janardan Sharma has started deliberations with the lending institutions.

Wholesale microfinances given deadline to raise capital

Published On: August 26, 2016 08:40 AM NPT By: Republica

KATHMANDU, Aug 25: Nepal Rastra Bank (NRB) has directed wholesale microfinance institutions microfinance companies that lend only to other microfinance companies and large groups or institutions to hit their Rs 600 million-paid-up target by mid-July 2018.

Jagadamba Cement launches Dashain-Tihar festive scheme

Published On: August 26, 2016 08:37 AM NPT By: Republica

KATHMANDU, Aug 26: Jagadamba Cement has launched its festive scheme -- Jagadamba Cement Ko Saugat, Khaali Hunna Haat, ahead of the Dashain and Tihar festivals.

Prabhu Bank relocates one of its Banepa branches to Sindhuli

Published On: August 26, 2016 08:35 AM NPT By: Republica

KATHMANDU, Aug 26: Prabhu Bank Ltd said Thursday it has moved one of its branch offices Banepa to Sindhuli Bazaar in Sindhuli.

Mahindra to unveil a premium 300cc motorcycle in Nepal

Published On: August 26, 2016 08:32 AM NPT By: Republica

KATHMANDU, Aug 26: Mahindra Two Wheelers Ltd, a part of the $17.8 billion Mahindra Group, has announced that it will be unveiling a new 300cc motorcycle in Nepal.

Chinese proposal to invest in Tamakoshi III and Tamor projects

Published On: August 25, 2016 05:16 PM NPT By: Republica

KATHMANDU, Aug 25: The China Machinery Engineering Corporation (CMEC), a government-owned company of China has expressed interest in making investment in two important hydropower projects of Nepal.

Construction work of Pokhara Int'l Airport starts

Published On: August 25, 2016 04:23 PM NPT By: Republica

POKHARA, Aug 25: China CAMC Engineering Company, a Chinese construction company has started construction works of the Pokhara International Airport. The China CAMC Engineering Company has been awarded with the contract to complete the airport.