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Tag: business news

Ministry concludes economic growth indicators ‘progressive’

KATHMANDU: The capital expenditure has increased by 43 per cent and the gross expenditure by 48 per cent in the first five months of the

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Bajaj Auto rises 2 pct after earnings beat estimates

MUMBAI – Shares in Bajaj Auto (BAJA.NS), India’s second-largest motorcycle maker by sales, rose 2 percent in pre-open trading on Thursday after the company reported July-September profit that beat analyst

Gold price soars up in Nepal too

KATHMANDU: Gold prices went up in Nepal on Tuesday following the global trend. The increase comes as the nation prepares for the upcoming national festivals. Nepal Gold and Silver Dealers’

Oil price climbs to near $107 per barrel

BANGKOK: The price of oil rose Monday after disappointing U.S. housing figures led to speculation that the U.S. Federal Reserve might take a very gradual approach toward winding down its

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Dollar slips against euro‚ yen and rupee

TOKYO: The dollar slipped against the euro and yen Wednesday, while India’s rupee rebounded from a record low as traders await the release of minutes from the US Federal Reserve’s

AK Ahluwalia appointed CEO of Everest Bank

KATHMANDU: Nepal’s one of the top five bank–Everest Bank– has appointed AK Ahluwalia as the CEO. Ahluwalia assumed office on July 1, according to a press statement. The Everest Bank

G7 says Japan playing by currency rules

England: Finance leaders from the Group of Seven leading industrial economies say Japan’s stimulus policies are directed at boosting its economy out of a two-decade period of stagnation, not an attempt

Spain unemployment hits record high

Spain’s unemployment rate soared to a new record of 27.2% of the workforce in the first quarter of 2013, according to official figures. The total number of unemployed people in

Price of yellow metal goes up by Rs 500 per tola

KATHMANDU: The gold price has increased by Rs 500 per tola in the domestic market today.  The gold price increased by Rs 200 per tola to Rs 52,000. The yellow

Nepal’s richest man in Forbes’ billionaire list; Binod Chaudhary possesses Rs 88 billion

KATHMANDU: Nepal’s one of the most successful entrepreneurs Binod Chaudhary has made in Forbes Magazine as the single billionaire  in Nepal. Nepal’s richest businessman Chaudhary, 57, owns 1 billion US dollars. “From