Business

BHEL wins Rs 800 crore orders for 200 MW solar power plants access_timeJune 17

NEW DELHI–Bharat Heavy Electricals Limited's (BHEL) solar photovoltaic (SPV) portfolio has surpassed one gigawatt with the company winning two orders for setting up SPV plants with a cumulative capacity of 200 megawatt. Valued at over Rs 8...

State 3 government to present FY 2019/20 budget on June 16 access_timeJune 13

Hetauda–The State 3 government is scheduled to table the budget for the fiscal year of 2019/20 in the State Assembly meeting scheduled for June 16, according to the private secretariat of the State government Minister for Economic Affairs and Pla...

Cement industry with domestic capital starts production access_timeJune 7

Hetauda–The Rhiddhisiddhi Cement Industry established with domestic capital at Ratomate of Hetauda Sub-metropolis, Makwanpur has started production. The industry presently produces 20 thousand sacks of cement on a daily basis in first phase. I...

Budget has adopted goal of socialism: FM Khatiwada access_timeJune 6

Kathmandu–The government has clarified that budget for the coming fiscal year 2019/20 has been allocated in order to fulfill the goal of socialism enshrined in the constitution. Responding to queries raised by lawmakers in today’s meeting o...

Ncell 4G/LTE now covers over 1,000 locations nationwide access_timeJune 3

      Kathmandu–Ncell Private Ltd., keeping its commitment in bringing cutting edge technologies to its customers, has expanded its fourth generation (4G)/long term evolution (LTE) service in over 1,000 plus locations across...

Finance Minister Khatiwada says error in budget corrected access_timeJune 2

Kathmandu– Finance Minister Dr Yubaraj Khatiwada has said there is no inaccuracy in the annual figures of estimated revenue and expenditure of the upcoming fiscal year 2076-77 BS (2019-20). Seeking time from Speaker Krishna Bahadur Mahara in t...

Ncell brings ‘Unlimited Roaming Data Pack’ for India access_timeMay 24

  Kathmandu–Ncell customers can now enjoy worry free data roaming at more affordable rate while traveling to India. They can simply take their Ncell SIM card with them in India to use unlimited data at just Rs 100 per day and remain connect...

Two Japanese carriers postpone release of Huawei phones access_timeMay 22

TOKYO–Two of Japan's top mobile phone carriers said Wednesday they will delay releasing new handsets made by Huawei after a US ban on American companies selling technology to the Chinese tech giant. KDDI and SoftBank Corp, the country'...

48 manpower agencies face termination of online business access_timeMay 21

Kathmandu–The government has ceased the online transactions of 48 manpower companies for not updating the company details on time. The Department of Foreign Employment decided to close the online transactions of those companies that failed to ...

Trade deficit jumps up 24 per cent access_timeMay 16

Kathmandu– Nepal has seen ballooning trade deficit of billions of rupees annually as it failed to adopt export-oriented economic policy. As per the preliminary statistics released by Trade and Export Promotion Centre, the trade deficit has now re...

Vodafone logs 7.6-billion-euro annual loss access_timeMay 14

LONDON–British telecoms giant Vodafone announced Tuesday that it recorded a vast annual loss of 7.6 billion euros ($8.5 billion), hit by the sale of its Indian assets. The loss after tax in Vodafone's 2018/2019 financial year to the end of...

Ncell brings ‘Travellers’ SIM’ with voice and data packs access_timeMay 14

Kathmandu– Foreigners visiting Nepal from different parts of the world can now enjoy exclusive telecommunications service through Ncell’s ‘Travellers’ SIM’ bundled with voice and data packs. Ncell Private Limited has in...

Asian markets plunge as Trump threatens to hike China tariffs access_timeMay 6

HONG KONG– President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shangh...

Local governments start discussion on budget formulation access_timeMay 2

Balewa–Local governments based in Baglung district have started consultations with stakeholders in course of the formulation of policy and budget for upcoming year. The first round discussion has been initiated in a way to unveil the policy an...

Nepali sugar finds difficult to get market access_timeMay 2

Nawalparasi– Domestic sugar product worth amounting to millions of rupees has been stocked for long in lack of market. Sugar mills in west Nawalparasi are struggling enough to clear their stock due to market competition, said entrepreneurs. It...

President Bhandari urges for investment in Nepal access_timeApril 28

Beijing–President Bidya Devi Bhandari, who is currently on the State Visit to China, has urged the Chinese investors to invest in Nepal. During a meeting with the Chairman of Economic Joint Committee under the Chinese Commercial Stock Enterprises...

Japan's Sony annual profits hit record highs for second year access_timeApril 26

TOKYO–Japan's Sony said Friday its annual profits had climbed to record highs for the second consecutive year thanks to a robust performance of its games and other entertainment business. The electronics giant reported net profit soaring 8...

Brent oil hits six-month high above $75 per barrel access_timeApril 25

 LONDON– Brent North Sea crude hit a six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran. Brent for delivery in June jumped to $75.35 per ...

U.S. prepares to end Iran oil waivers, triggering price spike access_timeApril 22

 WASHINGTON– The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told, triggering a 3 percent jump in crude prices to their highest f...

US, Japan kick off trade talks amid China deal optimism access_timeApril 14

 TOKYO–As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues "very quickly." US Trade Representative Robe...