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Cash-strapped Nepal Airlines struggles to stay afloat—and it is going deeper into debt

Sangam Prasain 25 Apr 07:00 AM

The cash flow problem in the state-owned airlines, however, started nine months ago when it inducted two brand new Airbus A330 jets into its fleet last year, as they largely remained under-utilised for months after failing to get enough routes to fly. Read Full Story »

Start-up apparel maker Fibro forays into market

Krishana Prasain 23 Apr 01:07 PM

Start-up apparel manufacturer Fibro has started producing a range of protective jackets that are dust, dirt and light resistant. The four-month-old company said it aimed to establish its presence in the market by launching these quality and affordable products. Read Full Story »

As Jet Airways comes to a halt, airfares for New Delhi take off

Sangam Prasain 22 Apr 07:00 AM

The last-minute airfares to New Delhi shot up to as high as Rs50,000 after the shutdown of Jet Airways last week. Hundreds of passengers have since been affected by high airfares while travel agencies say it may go up further if the seat shortage gap is not taken care of immediately.Read Full Story »

Early breakthrough in Bheri Babai tunnel sets a milestone--and a lesson for other lagging national projects

Prahlad Rijal 17 Apr 07:00 AM

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Anuj Kumar Adhikari 06 Mar 07:40 AM

Nepal and Bangladesh signed a pact on Double Tax Avoidance Agreement (DTAA) at Ministry of Finance in Kathmandu on Tuesday. Read Full Story »

Indian government approves proposal to build transmission line in Nepal

Bibek Subedi 02 Mar 08:31 AM

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Mahindra Rise 2019 kicks off in Kathmandu

Post Report 23 Feb 12:35 PM

The first edition of the Mahindra Rise 2019 festival kicked off on Friday at Bhrikutimandap in Kathmandu. MV Dugar Group, authorised distributor of Mahindra commercial and heavy equipment and Agni Incorporated, national seller of Mahindra passenger vehicles for Nepal jointly organised the event. Read Full Story »

Drive off in a Nissan Kicks for Rs4.79m

Post Report 19 Feb 12:50 PM

Pioneer Moto Corp, the authorised distributor of Nissan in Nepal, launched its much-awaited intelligent SUV—the new Nissan Kicks—in the Nepali market on Monday. Read Full Story »

Restaurants to stop levying service charge on diners

Krishana Prasain 30 Jan 08:38 AM

The Restaurant and Bar Association of Nepal announced on Monday that the 10 percent service charge added to the meal bill had been made optional, drawing smiles from customers and frowns from restaurant workers. Read Full Story »

Industrialists go on warpath against high interest rates

Bibek Subedi, Leela Ballav Ghimire 29 Jan 09:53 AM

Industrialists in the eastern region upset by high interest rates charged by banks on loans have announced launching a stern protest against the government and the central bank. Read Full Story »

Stockbrokers rush to expand branches

Rajesh Khanal 29 Jan 09:53 AM

Stockbrokers who were reluctant to open branches outside the Kathmandu Valley until a few days ago have been rushing to open new branches after the government indicated that commercial banks could be issued brokering licence. Read Full Story »

Chopper firms deny involvement in rescue scam

Sangam Prasain 29 Jan 09:53 AM

Nepali helicopter companies on Monday issued a ‘firm’ denial of the allegations contained in a series of news stories published by national and international media outlets that they were involved in multi-million dollar insurance scams involving bogus rescues. Read Full Story »

Foreign currency expenses to be tightened to check balance of payments deficit

Rajesh Khanal 28 Jan 07:47 AM

The government is preparing to tighten the payment system and foreign currency expenses amid growing pressure on the country’s foreign exchange reserves. A government panel formed last month to study the country’s deteriorating balance of payments situation said that service trade and imports were the key reasons behind the depletion of Nepal’s foreign currency reserves. Read Full Story »

Nepse index sheds 1.26 points

Rajesh Khanal 27 Jan 08:16 AM

Nepal Stock Exchange (Nepse) last week shed 1.26 points to close at 1,172.78 points, as investors became dismayed by the ongoing problems with the automated online trading software and the government’s decision to make Permanent Account Number mandatory for all investors. Read Full Story »

Hetauda plans Rs1 billion milk powder production plant

Pratap Bista 27 Jan 08:16 AM

The Dairy Development Corporation has decided to invest Rs1 billion to set up a milk powder production plant in Hetauda under its milk distribution project. Read Full Story »

Transshipment privileges in Kolkata from Feb 15

Rajesh Khanal 26 Jan 08:15 AM

Nepal will receive transshipment privileges and permission to use the electronic cargo tracking system on Nepal-bound cargo at Kolkata port from February 15. The facility is expected to reduce the cost of trading by minimising transportation time and speeding up clearance at the port. Read Full Story »

Transmission line talks stall over operational modality

Bibek Subedi 26 Jan 08:15 AM

A Nepal-India energy secretary-level meeting concluded in Pokhara on Thursday without reaching an agreement on the construction and operational modality of the New Butwal Gorakhpur Cross-Border Transmission Line Project. Read Full Story »

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