Browsing Category

BUSINESS

Himalayan Java Coffee opens new outlet in Panipokhari

Himalayan Java has opened its new outlet at Panipokhari in the capital on Tuesday. Amid a function, Australian Ambassador to Nepal Peter Budd inaugurated the new outlet. Narintorn Sukkaseam, general manager for the Thai Airways International (Nepal and Bhutan) also attended the opening ceremony. Founded in 1999, Himalayan Java has been…
Read More...

Shree Airlines adds Q400 Turbo Prop into its fleet

Shree Airlines has added a new aircraft to its fleet manufactured by Canadian company Bombardier. The new Q400 turboprop aircraft landed in Tribhuwan International Airport today. The Q400 Turbo-Prop engine aircraft is first of its kind to be imported in the country and not flown by any other airliners till date. The company had been…
Read More...

Nepal Electricity Authority profit rises to Rs 7.2 billion

Nepal Electricity Authority (NEA)’s profit surged by an eye-popping 148.27 per cent as the state power utility earned Rs 7.20 billion in profit in the last fiscal year. NEA was able to generate profit due to the end to load-shedding, reduction in the average price of imported and domestic electricity, control of administration and technical…
Read More...

Gold price hits all time high at Rs 68,000 per tola

The price of gold continues setting a new record in the domestic market. The price of yellow metal increased by Rs 200 on Tuesday and reached Rs 68,000 per tola, to set again record an all-time high according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). This has slowed down the selling of the metal at a time…
Read More...

Budweiser, Foster’s beers to be produced in Nepal

Raj Brewery Pvt Ltd has entered into an exclusive partnership with Anheuser-Busch InBev, the world’s leading brewer, to produce and bottle some of the best known beer brands in the world. Raj Brewery is Nepal’s most technologically advanced brewery approved by renowned global brew masters of AB InBev and Warsteiner International. The…
Read More...

Cellpay, a new payment service provider in Nepal

Cellcom Pvt Ltd has started operation of payment service named Cellpay. Issuing a statement, the company, which is licensed by the Nepal Rastra Bank to work as a payment service provider, said that Cellpay can easily be operated with its mobile and web application without any e-wallet. It provides services of payments and fund transfers…
Read More...

Auto loan amount to be based on applicants earning power

Nepal Rastra Bank is imposing a credit ceiling on the loan amount that banks can offer to customers seeking auto loans by assessing the individuals’ earnings. The move was imposed via the newly introduced monetary policy, which was introduced last Wednesday. According to the central bank, the maximum threshold on auto loans will be based on the…
Read More...