Biznews

Bajaj’s Exchange Offer from Today
Bajaj’s Exchange Offer from Today
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November 23: Hansraj Hulaschand and Company, the authorised distributor of Bajaj motorcycles in Nepal, has started an exchange offer for two-wheelers.…

Hamro Bikash Bank Approves Bonus and Right share
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January 15: The 8th annual general meeting of Hamro Bikash Bank has approved 25 per cent bonus share. Moreover, the meeting also approved a proposal of issuing 1:2 right shares from the paid-up capital maintained after distribution of bonus share.…

Century Acquires Securities Application Collection Approval
Century Acquires Securities Application Collection Approval
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December 27: Century Commercial Bank has acquired approval for collection of securities application from Securities Board of Nepal (SEBON). Issuing a press statement, the bank informed of starting the function from January…

HIDCL Share Transaction to Start from July 11
HIDCL Share Transaction to Start from July 11
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July 6: The first share transaction of Hydroelectricity Investment and Development Company (HIDCL) will commence from Sunday, July 11. Nepal Stock Exchange (NEPSE) has given price band of Rs 109-328 to for the first share…

Maruti Cement Honours Construction Workers
Maruti Cement Honours Construction Workers
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May 30: Maruti Cement has organised a program to honour the local head workers and contractors of various places of the nation. Entertaining activities were included in the program and participants were handed with attractive gift hampers. In addition, contractors and head workers present in the program were gifted silver coins as the Token of Love. Head workers and contractors from Kathmandu Valley, Charikot, Hetauda and Narayanghat participated in the…

Auction Bidding of Prabhu Bank's Right Shares
Auction Bidding of Prabhu Bank's Right Shares
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May 29: Prabhu bank has opened auction bidding sale of 157271.60 promoters’ right shares and 184614.40 general right shares that were unsold during the issuance. Earlier, it had issued right shares for its shareholders from February 28 to April…

 Indian Terrain Brandstore in Pulchowk
Indian Terrain Brandstore in Pulchowk
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May 24: Indian Terrain, an Indian men’s wears brand, has opened its exclusive showroom in Labim Mall. “Indian Terrain has now steeped in the international market by opening its first international branch in Nepal,” said Amitabh Suri, Chief Operating Officer of the company. “The international market of Indian Terrain brand has started with this opening of outlet,” he…

Gorkha Brewery Launches Somersby Apple Cider
Gorkha Brewery Launches Somersby Apple Cider
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May 23: Gorkha Brewery has launched a new refreshing drink ‘Somersby Apple Cider’ amid an event at the Hyatt Regency, Kathmandu on…

VISA’s First Innovation Center in Asia
VISA’s First Innovation Center in Asia
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May 23: Visa Inc. (NYSE: V), the global payments technology has announced the opening of its Singapore innovation…

3rd Kantipur HISSAN Edu-Fair Concluded
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May 23: Third Kantipur HISSAN edu-fair organised in Bhrikutimandap, Kathmandu has concluded on Sunday. The fair was started from Thursday. The organisers informed that the fair was targeted at SLC appeared students and +2…

Bonus Share of Sagarmatha Finance Approved
Bonus Share of Sagarmatha Finance Approved
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May 23: Nepal Rastra Bank has approved 15.85 percent bonus share proposal of Sagarmatha Finance. As per the press release, the bonus share will be distributed to shareholders after the proposal is endorsed by the annual general meeting of the company. The company has collected Rs 3.83 billion in deposits and invested loan of Rs 2.50 billion so far. Similarly, the company has made profit of Rs 110.87 million. Headquartered in Manbhawan, Lalitpur, the company is providing financial services through 10 branches.…

TATA Motors Car Mela in Itahari
TATA Motors Car Mela in Itahari
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May 23: Sipradi Trading Pvt. Ltd., the sole authorized distributor of Tata Motors in Nepal, organised the TATA Motors Car Mela at Ocean Park, Itahari. The event that was organized on 20 and 21 May was visited by more than 2500…

Net Profit of Kanchan Devt Bank Rs 36.6 Million
Net Profit of Kanchan Devt Bank Rs 36.6 Million
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April 29: According to the third quarter financial report of Kanchan Development Bank, the net profit of the bank has increased by 31.28 percent to Rs 36.6 million. The increase in net interest income by 30.9 percent and operating profit by 8 percent has helped to boost the net profit of the bank. After issuing 25 percent bonus share and 4:1 right shares, paid-up capital of the bank has rose by 50 percent to Rs 198…