BUSINESS

The XVOD (Streaming Video on Demand) application has been launched by Dish Home and will be further expanded among the consumers. This feature, which runs on the Internet, can be used for free through DishHome's set-up box.Aditya Bhattarai of Dish Home said that this service can be availed through Dish Home's Fibernet or any ISP (Internet…

Nepal Investment Bank Ltd. (NIBL) has announced the launch of its digital wallet service, “Thaili”.The launch of Thaili comes just weeks after Nepal Rastra Bank (NRB) lifted previously placed restrictions and increased the amount of money transferrable through digital mediums.Thaili Digital Wallet is a Nepal Investment Bank Mobile Money…

For the first time, Sarbottam Cement is going to issue 6 million IPO through the book building system.The company will issue 15 percent of its paid-up capital, or 6 million shares, as an IPO for institutional investors, locals, employees and the general public.According to the company, out of the total 6 million shares, 2.4 million…

Shivam Cement has become the first and only brand in Nepal to produce 43 grade OPC cement. Recently, the Department of Quality and Measurement has certified NS-572 and given permission to Shivam to produce 43 grade cement. Shivam Cement, which was awarded the NS Quality Award 2019 for the first time in this sector, has become the first and only…

Nepal Oil Corporation has increased the price of petroleum products. The former retail price of petrol and diesel / kerosene has gone up by Rs 2 per liter. Now the price of petrol has been set at Rs 118 per liter and diesel Rs 101.The retail price of aviation fuel (for domestic flights) has been increased by Rs 2 per liter to Rs 74.The…

An agreement has been signed between IME Pay and Foodmandu, promoted by IME Digital Solutions Limited.According to the agreement, customers can now be able to easily pay for goods purchased from Foodmandu through IME Pay app. The payment service has been launched on both Foodmandu's app and website.Guna Shrestha, market chief of IME…

Nepal Infrastructure Bank is going to issue bonds on the London Stock Exchange. NIFRA Chief Executive Officer Ram Krishna Khatiwada said that a bond worth USD 30 million would be issued on the London Stock Exchange within the current financial year."We are issuing bonds worth USD 30 million to be listed on the London Stock Exchange within…

This year's CAN Infotech is scheduled to take place on May 11. Computer Association Nepal (CAN) informed about the fair by holding a press conference on Sunday.CAN Infotech will be held at Bhrikuti Mandap in Kathmandu from May 11 to May 16. Due to the Coronavirus epidemic, the fair is being organized three months later this year than last…

Nepal plans to roll out 5G mobile internet by mid-July as it races to become the first country in South Asia to offer super fast connectivity.Fifth generation wireless mobile networks will be set up in Kathmandu and three other major cities under a pilot project by the end of this fiscal year.Min Prasad Aryal, director of the Nepal…

Anheuser-Busch InBev (AB InBev), one of the world’s leading brewers, has announced the launch of its global brand Budweiser in Nepal, fortifying the brewer’s presence in South Asia. Following the huge success of the brand in over 150 countries, the popular American-style lager is now available for beer connoisseurs in Nepal.With this…