Price of gold increases breaking previous records
The price of gold jumped to set a new record of Rs. 60,000 per tola (11.644 gm) in the domestic market following a price boost in the international market on Tuesday. The rate increased by Rs. 222 per tola from Rs. 59,778 on Monday to break the previous record of Rs. 59,900 per tola on Sunday. Similarly, the price of the silver also increased by Rs. More...
ADB to provide 990 million for water projects
The Asian Development Bank (ADB) is to provide grant assistance of 990 million rupees (equivalent to 11 million US dollar) to the Government of Nepal for an effective and rapid implementation of water projects. The More...
Samsung improves it’s business margin
Samsung Electronics has reported a record quarterly profit, boosted by a surge in smartphone sales and improved margins in its TV business. Operating profit was 6.72tn won ($5.9bn; £3.8bn) in the second quarter, More...
WB provides Rs 8.88 billion to Nepal
Kathmandu, July 14: The International Development Association (IDA) of the World Bank has agreed to provide an assistance of Rs. 8.88 billion to the Nepal Government. Of the total assistance, Rs, 5.33 billion will More...
MaPaSe campaign collects Rs 30 million till mid-June
Kathmandu, July 5: MaPaSe or a campaign against drunk-drive launched by the Division of Metropolitan Traffic Police has collected a revenue of around Rs.30 million till mid-June of the current fiscal year. According More...
G20 summit, leader discusses on eurozone crisis
Mexico, June 19: World leaders meeting at a G20 summit in Mexico have urged Europe to take all necessary measures to overcome the eurozone debt crisis. They voiced unease over what one top official described as More...
Nokia cutting 10,000 jobs
Nokia is cutting another 10,000 jobs globally and has warned that second-quarter losses from its mobile phone business will be larger than expected. The cuts bring total planned job cuts at the Finnish group since More...
ADB aid to Nepalgunj Municipality
Nepalgunj, June 13: The Nepalgunj Municipality is to undertake various infrastructure projects as road, sewerage and waste management with the financial assistance of the Asian Development Bank (ADB). The ADB has More...
ECB prez says eurozone setup unsustainable
European Central Bank (ECB) president Mario Draghi says that eurozone leaders must decide what they want the bloc to look like in the future because the current setup is “unsustainable”. He said that More...
European market falling
European stock markets have fallen in early trading as concern continued over Greece and Spain’s banking industry. In Spain the main index was down almost 2%, while shares in London and Frankfurt were trading More...
