BUSINESS

India’s additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build.Customs officers at Indian ports have held back shipments from China and sought…

IMS Group, a conglomerate company based in Nepal, has announced that it has entered into a definitive agreement to acquire substantial stake of SmartDoko for an undisclosed amount.SmartDoko is one of Nepal’s largest e-commerce companies. The company has been serving Nepali market for over four years, providing ease and convenience to order…

Tencent Holdings Ltd.’s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshaped the landscape of China’s richest people.The country’s largest game developer has surpassed Alibaba Group Holding Ltd. as Asia’s most-valuable company, with its shares rising above HK$500 ($64.50) in intraday trading Wednesday for the…

Global home appliance leader LG Electronics marked a major milestone this month, selling its one-millionth LG InstaView™ Door-in-Door® refrigerator. With an average of more than 700 units sold every day, LG's large-capacity refrigerators are now available in approximately 150 countries on six continents.InstaView Door-in-Door refrigerator…

The price of gold reached a historic high of Rs 90,600 per tola (11.664 grams) on Sunday.According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of the precious yellow metal increased by Rs 700 per tola in two days as its price on Friday stood at Rs 89,900. After remaining shut for almost two and a…

The Ministry of Culture, Tourism and Civil Aviation on Friday said that it was planning to resume all domestic and international flights from August 1.MoCTCA Secretary Kedar Bahadur Adhikari confirmed that the ministry has already directed the concerned aviation authorities and departments to make necessary preparations for the resumption…

Buddha Air, a private airline company, is going to start training it's pilot by using a state-of-the-art simulator for ATR aircrafts.Pramod Thapa, senior captain (instructor pilot) of the company, said that the pilot can get information about the technical system through the simulator. 'This is ATR's type specific simulator. Its layout is…

With e-commerce booming, Dolma Impact Fund has made an additional investment of one million dollars in Sastodeal.com.Founded in 2011, Sastodeal, a leading local e-commerce company in Nepal has raised $1 million from Dolma Impact Fund alongside other existing shareholders as part of an ongoing fundraising round. The growth investment will be…

Ncell customers can now buy data and voice packs in a hassle-free way from digital wallets and authorised Ncell point of sales (PoS). Ncell Private Limited has partnered with three mobile wallets companies and enabled its own PoS to sell such service packs.At a time when use of digital wallets for online payments of various services is…

The government has set 67 flight schedule to repatriate Nepalis living abroad. The Ministry of Culture, Tourism and Civil Aviation has prepared a schedule for the first phase of the rescue flight and submitted it to the Covid-19 Management Center (CCMC). A schedule for repatriation flights starts from June 11 to June 25.There will be…