Nepali businesses
Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
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Bhimsaria Group to Introduce Dyson Appliances in Nepal
In a bid to revolutionize Nepal’s appliance market, Bhimsaria Group, a key player in the industry, is gearing up to launch Dyson products nationwide. The company, known for its lineup of reputable brands like Apple, Dell, and HP, has now added Dyson to its portfolio, signaling a remarkable expansion in its offerings. Dyson, a renowned […]
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NEPSE Rallies Higher, Gains 15.54 Points
The Nepal Stock Exchange (NEPSE) continued its upward trajectory on Wednesday, the fourth trading day of the week, as the benchmark index rose by a substantial 15.54 points. This bullish performance saw the Nepali stock market recording a steady increase of 0.73 percent, propelling the index to close at 2131.49 points amid robust trading activity. […]
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Bagmati Province Leads Nepali GDP Contributions
Bagmati Province has emerged as the frontrunner in contributing to Nepal’s Gross Domestic Product (GDP), while Karnali Province lags behind, according to the latest Provincial GDP Estimates for the fiscal year 2080/81 released by the National Statistics Office (NSO). The report, made public on Wednesday, reveals that Bagmati Province is estimated to account for a […]
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NCC’s Bold Vision: Rs. 1,000 Billion Export Target
The Nepal Chamber of Commerce (NCC), under the leadership of its newly elected President, Kamlesh Agrawal, has formulated an ambitious plan to propel the country’s annual export capacity to an unprecedented Rs. 1,000 billion. This bold initiative, outlined in the NCC’s export promotion action plan, aims to catalyze export growth and reduce the nation’s trade […]
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NEPSE Rallies Higher as Bullish Sentiment Prevails
The Nepal Stock Exchange (NEPSE) has extended its bullish run, surging by 23.94 points on Tuesday, the third trading day of the week. This upward momentum has further solidified NEPSE’s position, with the benchmark index closing at 2115.94 points, reflecting a 1.14 percent gain. The robust trading activity and positive market sentiment have fueled optimism […]
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Nepal’s 16th Five-Year Development Plan Unveiled
In a recent announcement, the government of Nepal has unveiled its 16th Five-Year Development Plan, outlining ambitious goals for economic growth and social development. The plan, revealed during a press conference at Singha Durbar, aims to propel the country’s economy forward, targeting a substantial increase in GDP and significant improvements in key indicators. The National […]
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First MCC construction contract awarded – Butwal Substation Deal Signed
In a significant stride towards bolstering Nepal’s energy infrastructure and facilitating cross-border energy trade, the Millennium Challenge Account-Nepal (MCA-Nepal) has inked a contract agreement for the construction of the New Butwal Substation. This pivotal project is being funded through a grant from the US Mission Millennium Challenge Corporation (MCC), marking the first construction contract under […]
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NEPSE Rises Slightly, Hotels Lead the Surge
In the latest trading session on Thursday, NEPSE, the Nepali stock market index, saw a modest rise of 5.63 points (0.28 per cent) compared to the previous day, closing at 1966 points. The positive momentum was driven by gains in various sectors, particularly the hotel and tourism group. The market witnessed fluctuations with 115 companies […]
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Nepal Chamber of Commerce Urges Prime Minister for Economic Rejuvenation
In a recent development, a delegation from the Nepal Chamber of Commerce (NCC) convened with Prime Minister Pushpa Kamal Dahal ‘Prachanda’ to address the pressing economic issues gripping the nation. Led by NCC president Kamlesh Kumar Agarwal, the delegation presented recommendations aimed at revitalizing the economy through enhanced coordination between fiscal and monetary policies. According […]
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