KATHMANDU, Aug 18: Nepal Electricity Authority (NEA) has managed to earn a profit of Rs 11.6 billion in the last fiscal year 2019/20, according to the financial statement made public on the occasion of its 35th anniversary.
KATHMANDU, April 22: The private telecom company Ncell has filed a writ petition at the Supreme Court on Tuesday arguing that the tax amount determined by the Large Taxpayers’ Office (LTO) earlier last week was not in accordance with the existing law.
KATHMANDU, April 14: Telecommunication service providers in Nepal are charging exorbitant tariffs and prices to consumers for mobile and telephone services, according to the audit report of Office of the Auditor General (OAG).
SEOUL, April 5: Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 60% from a year earlier amid falling memory chip prices and slowing demand for display panels.
North Korea, Feb 4: On the surface, there is nothing remarkable about this sleepy fishing port in Maputo. But hidden from view, wedged between the other boats and ships docked there, are the rusty Susan 1 and Susan 2. These are not ordinary fishing vessels, but sanctions-busting trawlers manned by crews from North Korea.
KATHMANDU, Dec 25: The Supreme Court cleared the way for telecom company Ncell to repatriate its dividend from Nepal on Sunday. A division bench of Justices Om Prakash Mishra and Kedar Prasad Chalise allowed repatriation of profits earned by Ncell.
KATHMANDU, August 29: The net profit of 23 commercial banks has crossed the billion-mark in the last Fiscal Year 2016/17. Six commercial banks are the new members to the club of commercial banks with net profit of over Rs 1 billion.
KATHMANDU, Aug 11: Nepal Stock Exchange (Nepse) benchmark index fell 11.52 points this week to close at 1,653.53 points on Thursday -- the last trading day of the week.
The stock market, which was posting gains till last week following a long slump, again took a dive this week. Analysts say that the correction was mainly due to profit booking mentality of investors.
KATHMANDU, May 23: The article of association of Nepal Oil Corporation (NOC) says that the sole objective of the corporation is to distribute petroleum products by adding administrative costs on import price and ensure smooth supply in the market.
Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of town hall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
KATHMANDU, Jan 30: Nepal Rastra Bank (NRB) has made it mandatory for bank and financial institutions (BFIs) to set up a corporate social responsibility (CSR) fund and allocate at least 1 percent of their total net profit in the fund.
KATHMANDU, Jan 7: Pro-Ed Multipurpose Co-operative Ltd., a cooperative that mainly prioritizes education as the field for investment, has held its Ninth Annual General Meeting in Mid Baneshwar, Kathmandu on Saturday.
KATHMANDU, Aug 17: Despite increase in investment by Nepal Army's Welfare Fund in various sectors, the profit declined in the fiscal year 2072/073 due various factors including fluctuation in bank interest rates, the devastating earthquake of April 2015 and Indian blockade.