Nepal Financial News

COVID LIVE UPDATES A report by Moneycontrol mentioned that the Serum Institute of India (SII) currently offers a vaccine against the XBB1 variant of Covid-19, which is "similar" to the JN.1 variant. The spokesperson told the business website that SII would share the documents with the public once they are submitted to the regulators. Mint could not officially verify the report.

Dabur India), gave positive returns in the current calendar year with 3 rallying over 50 percent. Varun Beverages was the top gainer, surging almost 87 percent in 2023, followed by Radico Khaitan and Colgate-Palmolive, which soared 58 percent and 56 percent, respectively. Meanwhile, ITC, Tata Consumer Products, Nestle India, United Spirits, Godrej Consumer, and Britannia Industries advanced between 20 and 37 percent each.

Varun Beverages Ltd, the manufacturer, bottler and distributor of PepsiCo products, which helps the American company stay nimble by keeping it free of burdens that come with manufacturing and selling FMCG goods. Steady growth of Varun Beverages in recent years, despite Covid disruptions, has made it a darling of the markets.

Noida resident has tested positive for Covid, in a first case of the infection in Uttar Pradesh's Gautam Buddh Nagar after several months, officials said. The patient is a 54-year-old male who lives in Noida but works at a multinational company in Gurugram, Gautam Buddh Nagar Chief Medical Officer Dr Sunil Sharma said on Thursday.

Catch all the LIVE updates on Covid and the sub-variant JN.1 hereWith JN.1 variant fueling another COVID surge in India, Dr Soumya Swaminathan, former WHO chief scientist, said that the new strain should not be dismissed as a ‘common cold’ and warned saying ‘let's not take things lightly’ this time. Read more hereCovid news LIVE updates: A Noida resident has tested positive for Covid, in a first case of the infection in Uttar Pradesh's Gautam Buddh Nagar after several months, officials said on Thursday.The patient is a 54-year-old male who lives in Noida but works at a multinational company in Gurugram, Gautam Buddh Nagar Chief Medical Officer Dr Sunil Sharma said."His test sample has been sent to Delhi for genome sequencing.

Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year. The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production. Now retail shoppers from Kathmandu to Colombo are struggling with high prices, since traditional Asian buyers, such as Bangladesh, Malaysia and Nepal, and even the United Arab Emirates, rely on imports from India to bridge domestic gaps.

NEW DELHI : Jubilant FoodWorks Ltd, which operates master franchise rights from Domino’s Pizza in India, has announced a brand refresh for its flagship pizza brand that involves upgrading hundreds of pizza stores, apart from new packaging and a marketing campaign as the company hopes to get more consumers to choose pizza over local food. “India is a $50-billion food services market; pizza is only a $1-billion market. Our job is to gain share from dosa-sambar, vada pav, samosa, etc.

Varun Beverages Ltd (VBL), one of PepsiCo’s largest franchise bottlers worldwide, announced the acquisition of South Africa-based Beverage Company (Bevco) along with its wholly-owned subsidiaries at an enterprise value of Rs 1,320 crore, on Tuesday. The proposed transaction is valued at an enterprise level of ZAR 3 billion (Rs 1,320 crore) and will help it expand its geographical footprint in the African market, the company said in a stock exchange filing. BevCo, which has franchise rights from PepsiCo Inc, in South Africa, Lesotho and Eswatini, manufactures and distributes licensed PepsiCo and own-branded non-alcoholic beverages in South Africa.

Subhash Tamang, who comes from a humble background, became the first golfer from Nepal to win the prestigious All India Amateur Championships run by the Indian Golf Union. Tamang, who was almost 10 when he first held a golf club, beat Rohit of India 9&7 to win the 122nd edition of the tournament at the iconic Royal Calcutta Golf Club. The 21-year-old Tamang, who was neck-and-neck with Rohit for the first 15 holes, pulled away to 3-up after 18 holes.

Gogoro is looking to scale up investments in the Indian market to make electric two-wheelers locally and set up a battery swapping network to support these vehicles over the next few years. “We have invested $650-700 million in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that.

Stock market today: Shares of NECC (North Eastern Carrying Corporation) has been in uptrend for the last two sessions. In last two sessions, NECC share price has risen from ₹30.15 to ₹32.70 apiece levels on NSE, logging around 8.5 per cent rally in this time.

Kiren Rijiju Wednesday informed Lok Sabha that the activation of the Almora fault in western Nepal is the reason behind the significant increase in earthquakes in 2023. There have been 97 earthquakes in 2023 of magnitude 3.0 to 3,9 compared to 41 in 2022, reported PTI In a written reply in Lok Sabha, Rijiju said the activation of the Almora fault triggered significant earthquakes on January 24, October 3 and November 3. All these three earthquakes were above 5.8 magnitude.

Logistics (I&L) sector in Kolkata will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft.

Lakhbir Singh Rode, who was allegedly involved in the 1985 bombing of the Air India jet Kanishka, has passed away in Pakistan due to a heart attack. The news of his demise was confirmed by his brother, Jasbir Singh Rode, who is also a former Akal Takht Jathedar.

FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the Covid-19 pandemic.

Himalayas where the glaciers are melting at an alarming rate, UN chief Antonio Guterres on Saturday said the ongoing annual climate talks here must respond to the needs of the developing nations, especially the vulnerable mountain countries that need urgent help. Almost 240 million people depend on the glaciers and 10 major rivers, such as Indus, Ganga, and Brahmaputra, originating in the Himalayas.

Uganda secured its place in a global cricket tournament for the first time Thursday after beating Rwanda in African qualifying for next year's T20 World Cup. The country of 50 million in East Africa got into the expanded 20-team competition, being co-hosted by the West Indies and the United States in June, at the expense of Zimbabwe — an established cricketing nation. Uganda defeated Zimbabwe by five wickets on Sunday for its first ever win over a Full Member team in a T20 international, and followed that up by dismissing Rwanda for 65 then reaching its target in 8.1 overs in Windhoek, Namibia. Namibia has also advanced through African qualifying to complete a lineup of teams that also contains Oman, Nepal, Papua New Guinea and Canada.

Onion prices have nearly doubled in a year. The all-India retail price of onions increased 94.39% to Rs 57.85 a kilogram on November 29 from Rs 29.76 per kg a year ago, according to the government data. This happened despite India continuing to be the world's second largest grower of onions and producing multiple crops a year. How have onion prices moved in the past few months? Onion prices started to climb in Maharashtra’s Pimpalgaon and Lasalgaon wholesale markets, Asia’s largest, in the second week of August.

Nepal officially records its inaugural same-sex marriage five months after it was legalized by the Supreme Court. As reported by PTI, 35-year-old trans-woman Maya Gurung and 27-year-old gay man Surendra Pandey legally married at Dordi Rural Municipality in the Lamjung district of Western Nepal, as confirmed by Sanjib Gurung (Pinky), the president of Blue Diamond Society—an organization dedicated to the rights and well-being of sexual minorities in Nepal.

Supreme Court legalised it, Nepal on Wednesday formally registered the first case of same-sex marriage, making it the first South Asian country to do so. Trans-woman Maya Gurung, 35 and Surendra Pandey, 27, a gay, got legally married and their marriage was registered at Dordi Rural Municipality of Lamjung district in Western Nepal, according to Sanjib Gurung (Pinky), president of Blue Diamond Society, an organization working for the rights and welfare of the sexual minorities in Nepal.

As the world gathers for CoP-28 in the UAE, world leaders will need to demonstrate leadership and diplomacy to accelerate global climate action. This must be done in the context of the pressing realities of climate change, economic cycles and current geopolitics. My recommendations on what they should do are below: Greater mitigation commitments by developed countries: The carbon budget to limit global warming to 1.5° Celsius was last estimated in 2020.