BUSINESS

Daraz, Nepal’s biggest online shopping destination, has announced another edition of Brand Day powered by Sony on Friday. Starting from midnight until 23:59 on March 15, shoppers can grab specially curated offers of Sony at Daraz. Consumers can get discounts of up to 52 per cent with the minimum discount starting from 33 per cent on Sony…

The world’s most populous country China became the biggest source of visitors to Nepal in February. According to the Nepal Tourism Board, 16,205 Chinese travellers entered Nepal in February, up 5.3 percent year-on-year. Travel trade entrepreneurs attributed the growth in visitor numbers from the northern neighbour to the occurrence of the…

The net-worth of Nepal’s only Forbes-listed billionaire, Binod Chaudhary, has jumped US$200 million in the last one year, according to the Forbes’ Billionaire List 2019 published today. The chairman of Chaudhary Group (CG) has assets of $1.7 billion today, according to the Forbes magazine. The valuation of his assets stood at $1.5 billion in…

Tech savvy people who can’t find time in their day to go shop for groceries and goods are buying them online instead. The attraction of buying groceries online is instant, from availability of national and international brands in one easy accessible location, delivery services to cheaper pricing. All of these have made it attractive for…

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is organizing Nepal International Trade Fair in Kathmandu from March 28. The four-day international travel fail will be held at the Bhrikuti Mandap Exhibition Hall in Kathmandu. Organizing a press conference on Sunday, the representative body of the Nepali private sector…

The Soaltee Westend Premier, Nepalgunj and the Swiss International Hotel Sarowar, Pokhara have been awarded five and four stars respectively, bringing the number of hotels in the two categories to 12 and eight. According to Rajesh Kumar Lamsal, a Tourism Department official, the two hotels were awarded the star rating after assessing all the…

The demand for powerful computers in Nepal is spiking as customers look to use such devices for work and gaming. Gaming laptops are in high demand as these laptops can be used for professional work such as animation, CAD and graphic design. And once work is over, one can unwind by playing the latest games at high settings. Domestic computer…

Nepalis spent a whopping Rs 48 billion on foreign holidays in the first half of Fiscal Year 2018/19. Data compiled by Nepal Rastra Bank (NRB) shows outbound Nepali holidaymaker spent Rs 47.99 billion in the first six months of FY 2018/19 -- a rise of 30 percent compared to spending figures in the same period of FY2017/18. Such spending was Rs…

Nissan Motor Co., Ltd., or Nissan, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama. The company sells its cars under the Nissan, Infiniti, and Datsun brands with in-house performance tuning products labelled Nismo. The company traces its name to the Nissan zaibatsu, now called Nissan Group. Since 1999,…

Smart Telecom has expanded its services to 45 districts across the country. The company’s services are now available in leading cities such as Kathmandu, Lalitpur, Bhaktapur, Kavre, Pokhara, Nepalgunj, Birgunj and Biratnagar. Smart Telecom is offering 4G service in 19 districts and 2G service in 26 districts, says a statement issued by…

Mahindra & Mahindra Ltd, a part of Mahindra Group, is organizing an auto show named 'Mahindra Udaya 2019 Festival' at Bhrikuti Mandap Exhibition Hall on February 22-24. The event, which will showcase full range of global mobility solutions, is a first of a kind lifestyle auto show organized by the Mahindra Group, a statement…

The government has said it will allot shares worth Rs 102.28 billion to the public to raise funds for constructing hydropower projects with total installed capacity of 3,479 megawatts. The Ministry of Energy, Water Resources and Irrigation stated that it planned to build 19 hydropower projects under its flagship programme — Nepal’s Water,…

The year 2019 has begun with a very encouraging growth trend in tourist arrivals to Nepal. According to Nepal Tourism Board, 77,300 international visitors came by air and 14,493 came overland to Nepal in January. In aggregate, a total of 91,793 visitors came to the country, a cumulative increase of 25.4 per cent over the same month last…