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The Nepal-India Chamber of Commerce & Industry (NICCI) on Monday bid farewell to its Vice President Ravi Rayavaram at a program held in the NICCI Secretariat.

Rayavaram, Managing Director of Surya Nepal—an ITC subsidiary—has been serving as NICCI vice president since last year. Following his promotion and transfer to Kolkata, he was replaced by Gaurav Tayal.

Speaking at the event, Rayavaram said, “ I felt like in my home,” during his tenure with NICCI.

NICCI President Sunil KC, while handing over a token of love and a letter of appreciation, said Rayavaram’s contribution to NICCI and to Nepal’s economy through his leadership of Surya Nepal had been significant. “We will cherish his memories,” KC said.

NICCI Executive Committee Member Sashi Kant Agrawal wished Rayavaram success in his new role and expressed hope of welcoming him back to Nepal in a bigger capacity in the future.

Indian Business Forum (IBF) Co-chair under NICCI, Saibal Ghosh, thanked Rayavaram for his active role in NICCI and his contribution to bilateral trade and economic cooperation.

NICCI Vice President Kunal Kayal and other executive members, including National Insurance Chief Executive Officer Navneet Gupta and Uttam Lama, also acknowledged Rayavaram’s dedication and service.

The newly appointed Managing Director of Surya Nepal, Gaurav Tayal, thanked Rayavaram and NICCI for their support.

The Nepal Stock Exchange (NEPSE) gained 18. 37 points to close at 2, 619. 99 points on Tuesday. 

Similarly, the sensitive index surged by 3. 15 points to close at 450. 67 points.

A total of 7,804,045-unit shares of 325 companies were traded for Rs 3. 29 billion.

Meanwhile, Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) was the top gainer today, with its price surging by 10. 00 percent. 

Likewise, Swet-Ganga Hydropower & Construction Limited (SGHC) was the top loser as its price fell by 4. 16 percent.

At the end of the day, total market capitalization stood at Rs 1. 48 trillion.

The Trekking Agencies' Association of Nepal (TAAN) and the Korea Association of Travel Agents (KATA) signed a Memorandum of Understanding (MoU) today to strengthen collaboration for bilateral tourism promotions. 

The MoU was signed by President of TAAN, Sagar Pandey, and Vice President at KATA, Kim Beomje, in the presence of Ambassador of The Republic of Korea to Nepal, Park Tae-Young. 

The MoU aims to foster the active cooperation between TAAN and KATA to promote bilateral tourism, strengthen friendship, and enhance mutual collaboration between Nepal and Korea.

As per the MoU, TAAN will collaborate with the KATA and Korean travel agencies to promote Nepali tourism products and destinations in various ways to encourage more Korean tourists to visit Nepal. TAAN will also work to enhance the safety of the Korean tourists in Nepal through information, safety training and prompt search and rescue operations.

Additionally, TAAN will work with KATA to support and promote initiatives that encourage Nepali travelers to visit Korea.

KATA will work with TAAN to organize events, campaigns, and promotional activities to attract more Korean tourists to Nepal. KATA will also help TAAN with information, technology and other logistics for enhancing the safety of the Korean trekkers and other tourists in Nepal. 

Additionally, KATA will also collaborate with TAAN to undertake initiatives that encourage Nepalese travelers to visit Korea.

The MoU signing ceremony was also graced by Bae Young Chang, the General Secretary of KATA, Cha Seung Won, Chairperson of Korea Association of Nepal and Office Bearers and Executive Committee Members of TAAN, including General Secretary Sonam G. Sherpa, Joint Treasurer Lakpa T. Sherpa, EC Member Raju Gurung, EC Member Ramesh Lamsal, EC Member Nakul Devkota, EC Member Rajendra Amgain, CEO Ram Chandra Sedai and so on.

The price of gold has dropped by Rs 1, 700 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 259, 000 per tola today.  It was traded at Rs 260, 700 per tola on Monday.

The price of silver, however, has increased by Rs 15 and is being traded at Rs 3, 885 per tola.