BUSINESS

As the festive season is fast approaching, Araniko Culture and Business Promotion Society (ACBPS) in cooperation with China-Nepal Culture Exchange Centre is all set to provide a unique shopping experience to Nepali and tourists alike. The not-for-profit organisation has announced it will organise the Nepal-China Expo 2018, a five-day exhibition…

The 13th NADA Auto Show 2018, the biggest exhibition of automobiles in Nepal, concluded on Sunday, recording transactions worth Rs. 5 billion. Majority of the transactions were from the bookings of low-cost vehicles, said Krishna Prasad Dulal, vice-president of NADA. According to him, another highlight observed at this year’s event was…

Each year, customers wait for the NADA auto show to purchase vehicles as companies showcase new products and offer lucrative discounts and schemes to woo prospective buyers. Advertising Association of Nepal, Former Vice President, Ujaya Shakya feels that availability of offers and schemes give customers a sense of satisfaction and value for…

Muktinath Cable Car project moved a step closer to materialising today as Investment Board Nepal (IBN) and Muktinath Cable Car Pvt Ltd (MCCPL) inked a memorandum of understanding (MoU) for its detailed project report (DPR). The deadline set to submit the DPR of the 83.65-kilometre-long cable car system has been set at February 2020, 18…

The country's largest automobiles show, NADA Automobiles Show 2018, began in Kathmandu on Tuesday. The 13th edition of the automobiles show, which is being organized jointly by Nepal Automobiles Dealers Association (NADA) and Global Exposition & Management Services at Bhrukuti Mandap Exhibition Hall, will continue till September 16.…

International airlines companies have been adding to the numbers of their flights to Nepal one after another after the government announced to celebrate the year 2020 as the Visit Nepal Year. The latest airline to add to its flights is the Salam Air of Oman. The Thai Lion Air of Thailand had started its flights to Nepal less than two weeks…

Nepal Reinsurance Company Limited (NRCL) said it paid Rs750 million in retrocession transactions to foreign reinsurers out of its total insurance premium portfolio worth Rs4 billion in the fiscal year 2017-18. Retrocession is a transaction in which a reinsurance company reinsures risks it has reinsured with another reinsurer. According to…

Hansraj Hulaschand and Co, the official distributor of Bajaj in Nepal, is bringing a never-seen-before festive campaign ‘Pocket Full’ for the customers on the auspicious occasion of Dashain and Tihar. Bajaj’s festive campaign, ‘Pocket Full’ gives customers a chance to win pocket full of cash with the purchase of any Bajaj motorcycle, as per…

Nabil Bank has launched an improvised education loan process for students aspiring to go abroad for further education wherein students can apply for education loan prior to receiving offer letter from respective college/university for their enrolment. Also read:  26 Commercial Banks enter the ‘billion-rupee-club’ on net profits Students…

Warren Buffett's company has taken a stake in One97 Communications Ltd, which owns Paytm, Buffett's assistant Debbie Bosanek confirmed in an email to CNNMoney. Berkshire Hathaway (BRKA) had been discussing for several months an investment of about 25 billion rupees ($360 million) that would value Paytm at around $10 billion, a source…

F1Soft International, a leading software company of Nepal, has officially launched eSewaPasal.com by rebranding bhatbhatenionline.com, which was in operation since the last eight years. F1Soft International, which is also the owner of online payment service provider eSewa, had announced the acquisition of bhatbhatenionline.com back in June this…

The 13th edition of the largest automobile exhibition, NADA Auto Show is going to be help from Spetember 11-16 at Bhrikuti Mandap Exhibition Hall, Kathmandu. The six-day event is being organised jointly by Nepal Automobile Dealers Association (NADA) and Global Exposition Management Service.The title sponsor of the event is SERVO World Class…

Ncell has launched a new offer named ‘Recharge and Win’, under which 10 lucky customers of Ncell can win cash prize of Rs 100,000 each every week for 10 weeks. The offer, launched in the prelude of fast approaching festive season, comes into effect from Sunday (September 2) and will remain in place for 10 weeks, the company said in a…

Nepal Rastra Bank (NRB), on Friday, announced a new provision wherein tourism businesses, export-oriented industries and hospitals are permitted to take loans in convertible foreign currencies from domestic banks and financial institutions. With this new provision in place, these sectors can also use borrowed foreign currency to import goods.…

Saurya Airlines, a private owned domestic carrier has resumed operations after new management has taken command of the company which had earlier fallen into economic crisis. The airline operates 2 CRJ-200 series aircraft to Biratnagar, Nepalgunj, Bhadrapur, Bhairahawa and Dhangadhi. Saurya Airlines has permission to operate 7 daily flights…

Two-wheelers continue to be a popular mode of transportation for people in Nepal with import figures surging in the fiscal year 2017-18. According to the vehicle registration statistics of Department of Transport Management for the fiscal year 2017-18, 104,444 motorcycles were registered in the Bagmati zone compared to 94,751 registered in…