Sales of electronics pick up with winter
Sales of consumer electronics, which had remained on the slower side since the end of the Dashain and Tihar festivals, have started regaining momentum. Major electronics dealers have reported that...
View ArticleDiesel plants come into operation
In an effort to contain the increasing power shortage, the Nepal Electricity Authority (NEA) brought diesel plants based in Duhabi of Sunari and Hetauda into operation on Tuesday. NEA, however, said...
View ArticleTaxpayers to be classified as big, medium, small, micro
The Inland Revenue Department (IRD) is to categorize taxpayers into four groups—big, medium, small and micro—in a bid to enlarge the tax net. The department said that the current three-tier...
View ArticleGeneral users to get WiMax from Jan
Nepal Telecom (NT) has said it plans to start WiMax broadband internet service for general users from early January. The telecom giant is doing the final preparations to import consumer premise...
View ArticleCivil Trade Center opens door to public
Civil Trade Center (CTC), a shopping mall promoted by the Civil Group, formally came into operation on Monday. To mark the occasion, CTC is organizing different events until Friday. Events include...
View ArticleChina becomes world’s top smartphone producer
BEIJING: China has become the largest manufacturer of smartphones in the world, shipping over 200 million units last year. Chinese shipments of smartphones totalled 224 million units in 2012, making...
View ArticleMomentum Seems to Build for Gargantuan Buyout of Dell
Dell is advancing toward a goal many thought was all but unattainable since the financial crisis: a leveraged buyout worth more than $20 billion. The company is in talks with investment firms and its...
View ArticleAmazon’s MP3 Web Store Busts Apple’s Monopoly on Music Sales
As the tried and true adage goes, where there’s a will, there’s a way and Amazon has just found its way around Apple’s iron-fisted grip on mobile music sales. In a monopoly-busting challenge to Apple’s...
View ArticleSony to Sell U.S. Office to Chetrit Group for $1.1 Billion
Sony Corp. (6758)’s U.S. unit said it agreed to sell its 37-story New York headquarters to investors led by the Chetrit Group for $1.1 billion. The shares surged the most in more than four years. Sony...
View ArticleNT Wimax reaches Lumbini, Gandaki, Dhaulagiri
Nepal Telecom (NT) has extended its wireless broadband internet service — WiMax — to Lumbini, Gandaki and Dhaulagiri zones. The company on Sunday started providing the internet service to corporate...
View Article38 percent Nepalis has bank accounts
A total of 38 percent of the country’s population now has bank accounts, up from 26 percent in 2006, the latest Nepal Rastra Bank (NRB) statistics have shown. The figure, however, does not represent...
View ArticlePanel to submit report on petro pipeline next week
A technical team entrusted with the task of holding study on the appropriate modality for the Nepal-India cross-border petroleum pipeline is scheduled to submit its report to the National Planning...
View ArticleTeledensity rises 14 percent in a year
Nepal witnessed an encouraging 14 percent increment in overall teledensity in a year (from mid-December 2011 to mid-December 2012). Overall telephone penetration rate in mid-December 2011 was 56.46 per...
View ArticleAutomobile registration up 24pc
Registration of vehicles increased by a healthy 23.63 percent in the first half (mid-July to mid-Jan) of the current fiscal year compared to same period a year ago. The growth has been attributed to...
View ArticleNigerian company puts forth $800m proposal
Dangote Group, one of Nigeria’s most diversified business conglomerates, has approached the Investment Board (IB) with an investment proposal of $800 million (Rs 70 billion) to set up a cement plant in...
View ArticleNepal Telecom plans outsourcing SIM distribution
Nepal Telecom (NT) is planning to outsource SIM cards distribution in a move to ensure easy availability of mobile connections to prospective customers. As per the company’s plan, outsourced private...
View ArticleNepal Telecom signs pact with Huawei for mega project’s ‘Package A’
Nepal Telecom has signed an agreement with Chinese telecom vendor Huawei Technologies for adding 5.2 million mobile lines—’Package A’ of its 10 million mobile lines project. Huawei will install...
View ArticleWimax launch for general customers delayed by three more months
Nepal Telecom (NT) has said it will take around three more weeks to make its WiMax wireless broadband internet service available for general customers. As per the company’s original plan, the service...
View ArticleSajha imports 16 buses; service relaunch by mid-March
Sajha Yatayat, the formerly state-owned transport service provider which is the oldest in the country, is planning to resume the service from mid-march under a new management following the arrival of...
View ArticleUFO launches own brand of apparels
Retail chain UFO has rolled out its own line of apparels for a change. The popular fashion store, known for imported apparels, footwear and accessories, has launched the UFO brand in a bid to increase...
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