Business

Indian rupee hits record low of 70 to the dollar access_timeAugust 14

MUMBAI –The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis.  The under-pressure rupee touched 70.09 briefly during mid-morning...

Trump's trade beef with China may backfire on meat access_timeAugust 12

SHANGHAI –A key objective of President Donald Trump's trade war is to pressure Beijing to "buy American", but when it comes to millions of dollars of US meat imports, China may simply take its business elsewhere.  Beijing&...

Russian ruble tumbles on fresh US sanctions access_timeAugust 9

MOSCOW –The Russian ruble tumbled Thursday to its lowest level against the dollar in almost two years after the United States said it was imposing fresh sanctions on Moscow over the nerve agent attack on a former spy in Britain.  Washin...

Samsung Electronics to invest 180 tln won over next 3 years access_timeAugust 8

SEOUL –Samsung Electronics Co. said Wednesday it plans to invest 180 trillion won (US$160 billion) over the next three years, apparently in response to the South Korean government's request to expand investment and employment.  The ...

China trade surplus with US eases in July access_timeAugust 8

BEIJING –China's trade surplus with the United States eased in July, when President Donald Trump imposed stiff tariffs on billions of dollars worth of Chinese goods in a showdown between the world's two biggest economies.  The f...

Daimler halts Iran activities over US sanctions access_timeAugust 7

FRANKFURT AM MAIN – German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran.  "We have suspended our already limited activities in Iran in accor...

Mobile lost? - No worries now as Mero Surakshya can come to your rescue access_timeAugust 7

Kathmandu –Mobile set lost? Broken or becomes dysfunctional? No need to worry too much. A company can come to your rescue, which will buy a new mobile phone for you if you lost it and will repair if your mobile set breaks. The company, Mero Surak...

Finance Minister urges Nepali Diaspora for investments access_timeAugust 6

Washington DC –Finance Minister Dr Yubaraj Khatiwada has urged Nepali Diaspora to make investments in diverse areas including tourism and finance in Nepal.  Addressing a programme at Maryland in the United States on Sunday, Minister Kha...

Telecom starts FTTH internet and voice telephony services access_timeAugust 3

Kathmandu –Nepal Telecom has started offering internet service which it has been distributing under the fibre to the home (FTTH) service as well as Voice Telephone service operated through IP technology.  Nepal Telecom spokeswoman Prati...

788 new cottage and small industries registered in Tanahu access_timeAugust 3

Tanahu –A total of 788 new cottage and small industries were registered in the Office of the Cottage and Small Industry (OCSI), Tanahu district in the last fiscal year 2074/75.  More than Rs 5.3 million was collected in revenue from ren...

Online submission of industrial details in place access_timeAugust 2

Kathmandu –The big, medium and small-scale industries being operated in the country now are required to submit industrial details through online mechanism.  Following the discussion with the service recipients, the Department of Industr...

Domestic medicine market expanding access_timeJuly 25

Kathmandu –The size of drugs market in Nepal is expanding every year, said people of the field concerned.  As stated by domestic drugs dealers and manufacturers, medicine market in Nepal makes an annual business of worth Rs 70 billion and t...

Farmers concerned over slackened price of black pepper access_timeJuly 25

Bhadrapur –The hundreds of local farmers in Jhapa district involved in black pepper plantation are concerned as their produces go unsold due to the dominance of imported black pepper in the local markets.  The commercial farming of blac...

Nabil Bank opens its branches in 12 rural municipalities access_timeJuly 18

Kathmandu – Nabil Bank has set up 12 more branch offices in various rural municipalities across the country.  The bank extended its branches at Pancheshwar rural municipality in Baitadi, Alital rural municipality in Dadeldhura, Bitthadch...

Bhaktapur Municipality unveils annual budget of Rs 1.73 billion access_timeJuly 17

Bhaktapur – The Bhaktapur Municipality has unveiled the budget of Rs 1.73 billion for the current fiscal year. The budget was endorsed by the third town assembly before this.  Municipality mayor Sunil Prajapati presented the budget (Rs ...

Bishnupur rural municipality approves budget Rs 190 million access_timeJuly 17

Lahan – The second village assembly of Bishnupur rural municipality, Saptari concluded on Monday approved its total budget amounting to Rs 193.85 million for the current fiscal year 2075/76 BS.  The village assembly endorsed the total b...

Chairman Prachanda urges World Bank to invest in Nepal's priority areas access_timeJuly 11

Kathmandu – CPN Chairperson Pushpa Kamal Dahal 'Prachanda' has urged the World Bank's representatives to consider investment in Nepal's highly prioritized sectors, stating that Nepal has already paved its path towards economic pro...

NRB issuing new monetary policy today access_timeJuly 11

Kathmandu – Nepal Rastra Bank (NRB), the central bank, is launching the new monetary policy later in the afternoon today.  The new monetary policy will include a solid base for materialising the objectives set out in the budget for fisc...

Qatar Airways flies hand-painted aircraft in FIFA livery to Moscow access_timeJuly 10

 DOHA, Qatar – Qatar Airways, an Official Partner and the Official Airline of FIFA, has taken its celebration of the 2018 FIFA World Cup Russia to the skies with a specially-branded Boeing 777 aircraft painted in FIFA livery, ahead of the to...

Call for investment in Nepal access_timeJuly 8

Kathmandu –Nepali Ambassador to Bahrain Padam Sundas has appealed to Nepali organizations in Bahrain to help bring investment to Nepal.  In an interaction with representatives of various organisations including the Non-Resident Nepalis ...