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Laxmi Intercontinental, the authorized dis­tributor for Hyundai automobiles in Nepal, has launched the ‘Hyundai New Year Delight’ scheme for the upcoming Nepali New Year 2075.

Under this scheme, customers can get New Year benefits worth up to Rs 713,000. The scheme also offers exchange facilities with the best valuation and an attractive easy finance facility. All Hyundai automobiles come with four years free service and three years warranty.  

NIC Asia Bank has introduced ‘Agreem Bhuktani Muddati Khata,’ a New Year scheme under which the bank will issue interest to its fixed depositors for their deposits in advance.

Fixed depositors at the bank for different periods—three months, six months, nine months and one year—will get the interest on their fixed deposits on the very day the customer opens the account. Cus­tomers will get interest in advance amounting to 11 percent annual rate of deposits. The fixed depos­itors can also withdraw up to 80 percent of their deposit as ‘loan’ under the scheme.  

To celebrate the launch of Qatar Airways’ inaugural flight to Thessaloniki, the second largest city in Greece, Qatar Airways Nepal hosted a media interaction with the Honorary Consul of Greece Bikram Pandey and Country Manager Jayaprakash Nair.

At the briefing, Nair highlighted the award-winning airline’s robust expansion plans, as well as its commitment to bringing more travelers from Nepal to Greece, and to connect Thessaloniki to its extensive global network via the Hamad International Airport (HIA) in Doha. “We are tremendously excited to launch our four weekly flight service to Thessaloniki. Having three daily flights to Athens, we realized the growing demand in Greece, and what better place than the Thessaloniki?” he said. “This new four weekly flight service will without doubt offer our Greece passengers more convenience and alternate choice in addition to Athens”.

Speaking at the event, Pandey said, “We appreciate Qatar Airways’ strong support for Greece. An airline of this stature will further boost Thessaloniki’s reputation as a leading tourist destination.”

Since the breakout of the support level at 1,350, Mr Bull went into recess while Mr Bear took the cen­ter-stage. Talk of the town moved from “long correc­tion” to “bearish”. The panic sell that started on February 28 chugged along on its southbound track. There were small respites on March 6-7 and March 13-15 periods. The bearish sentiments of the market were further veri­fied when the gains made in these short-lived bounce­backs were completely wiped out within a single day’s trading on March 11 (wiping out the gains made on March 6-7) and March 18 (wiping out the gains made on bounceback rally of March 13-15).

The southbound move­ment reignited on March 18 continued without any pull-ups for more than a week. Interestingly, the volume traded started to increase after the dip on March 19 (Rs 256 million), reaching Rs 493 million on March 28.

This indicated increase in buying interest in the sell­er-dominated market. Peo­ple start see each and every scrip as cheap and heavily discounted. The market consists of the traders and the investors. For the trad­ers, the current market is giving lesser opportunities for quick gains. But, the investors, who have the patience to stay the course for one to two years, are having a field day choosing fundamentally strong and undervalued scrip. If we do proper financial analysis, we can now find many scrips with considerably good EPS (earning per share) with lesser PE ratio (price-earn­ings ratio) which are simply begging to be accumulated. Mr. Bear might continue to have the center stage, mak­ing the majority fearful. But the smarter few will start being greedy and start accu­mulating for the long haul.  

By MANIL SHRESTHA