Will banks now stop inflating Nepali stock market?

The NRB suspected the banks had heavily invested in the bullish market to make quick money, deviating from their main business of accepting deposits and issuing loans

Rudra Pangeni

Skoda to launch mid-size SUV in Nepal

Skoda Kushaq will be the first made-in-India SUV that is underpinned by the VW group's much popular MQB-A0 platform


Business | NIFRA’s backdoor entry into power trading

A new proposal may allow NIFRA to cash in on trading surplus electricity in Indian markets. If the proposal gets through, the group will get the business without competition


Biz Brief | Ncell extends support to government hospitals

Andy Chong, CEO of Ncell, handed the first batch of oxygen concentrators on May 21 to Mahendra Prasad Shrestha, chief specialist at the MoHP


Biz Brief | Xiaomi unveils POCO X3 Pro in Nepal

POCO X3 Pro is available in three color variants: Graphite Black, Steel Blue, and Golden Bronze


Business | Dollar cards open up internet’s potential...

It can only be used for international online transactions whereas cash advances and manual retail transactions are restricted

Pratik Ghimire

Business | Daraz continues to disappoint customers

Many customers who have ordered goods from the platform have had their share of surprises. When you place an order, you never know what you will get, they say


Biz Brief | Nimbus’ CSR against Covid-19

Nimbus has already distributed masks at Shahid Ganga Lal Hospital, Federation of Nepali Journalists, and Heartbeat


Biz Brief | NIBL and HBL merger confirmed

The board of the merged bank will comprise three members each from NIBL and HBL, in addition to an independent member


NIC Asia Bank tightens the screw on Covid-hit customers

The bank recently hiked interest rates for consumers availing home and car loans. The consumers, who were paying 9-10 percent interest on their loans


Biz Brief | NIFRA begins RTGS

In continuation to supporting Nepal Rastra Bank's initiative to extend the RTGS system, NIFRA has joined connectRTGS


Biz Brief | FCGO gets ICT Award

The government recognized the FCGO’s work in utilization of ICT platforms for most of its services on the occasion of fourth National ICT Day


Business | Nepali banks failing their country

Nepal’s biggest commercial bank by paid-up capital, Global IME Bank, made a net profit of Rs 3.59 billion in the first nine months of the current. Yet the bank has done precious little to help the country combat Covid-19


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