BUSINESS

With pressure mounting for green revolution, the four wheeler market in the country is seeing the launch of electric vehicles. Recently, four models of electric vehicles (two car models and two bus models) were launched in the domestic market.Nevi Trade Link Private Limited (NTL) has introduced four models of Chinese electric vehicles that run…

Rosebys, a lifestyle retail chain from the UK, opened a branch in Kathmandu on Monday. Rosebys’ showroom on the ground floor of Kathmandu Plaza, Kamaladi stocks a whole range of home fashion and lifestyle accessories.The outlet offers bed sheets, curtains, towels, cushions, vases, frames, lamps, candles and other accessories.According to the…

LG Electronics (LG), the market leader in consumer electronics (CE), home appliances (HA), information technology (IT) and GSM products, is celebrating 23 years of partner excellence in Nepal.LG launched a range of premium products including 3D LED TV, LCD TVs, new range of frost-free refrigerators and audio & DVD products. The LG Full LED…

India’s Liverpool Retail is acquiring a 33 percent stake in Momento Apparels, one of Nepal’s biggest readymade garment (RMG) manufacturers.Ahmedabad-based Liverpool Retail has entered into an IRs 200 million deal with Momento Apparels as part of its integration plans, reported The Economic Times.Liverpool, a nine-year-old company, has two…

Nepali society has effortlessly synchronised with the culture of malls. Civil Mall will house Quest Entertainment’s (QE) QFX Central Cinema. “QFX will be the first film exhibition brand in Nepal,” opines Bhaskar Dhungana, one of the three partners of QE. The other two partners are Rajesh Siddhi and Nakim Uddin.QE was launched in Nepal 10 years…

SpiceJet — a private Indian budget carrier — is starting flights on New Delhi-Kathmandu route from October 7.“It will be the first Indian budget carrier to fly internationally,”said Zenith Travels, the General Sales Agent (GSA) of the airlines that is planning to fly on Kathmandu-New Delhi route at Rs 1,499 Indian Currency (IC).“There will be…

CG Electronics, a part of the Chaudhary Group, has introduced a new range products including CG LCD TV in the market.Issuing a press release, the company said the products have been launched as demand for electronics products is significantly increasing in the Nepali market.According to the release, the new LCD is incorporated with IPS (In…

Laxmi Concern, a subsidiary of Triveni Group, has launched Germany’s premium energy drink Effect in the Nepali market.Available in 250ml slimline cans, Effect is priced at Rs. 75. According to the company, the drink is targeted at people in the age group of 15-39 years.Stephan Claus, marketing director of Effect for Middle East and…

Omani ambassador to Nepal Humaid Ali Al-Mani has said that the start of Oman Air’s service to Nepal as its 40th destination would boost the country’s entire tourism segment.The New Delhi-based Omani residential envoy also looks after Nepal. He was in town to present his credentials to President Dr. Ram Baran Yadav on Tuesday.The national…

For the second year, Dutch airline ArkeFly will connect Amsterdam with Kathmandu from Oct. 1 until the last flight on April 23, 2011.The flight departs Amsterdam’s Schiphol airport every Friday at 22:05 hours and arrives in Kathmandu Saturday morning at 9:35.ArkeFly will bring in Dutch and other European passengers with its B737-800 jetliner…