Nepal Financial News

15.08 / 12:57

UPS Kandi performer social independence day 'It's a holiday, but still you have to run': Virat Kohli shares his workout video on Independence day

Virat Kohli, known for his fitness commitment, continues to inspire fans with his rigorous workout routines shared on social media. Even on Independence Day, a national holiday, Virat hit the gym to maintain his form for the upcoming Asia Cup. Sharing a video on X (formerly Twitter), he said, "Chutti hai fir bhi bhaagna toh padega" along with emojis depicting a grinning face and a person running.

15.08 / 08:17

Remark Celebrity I-Day: PM Modi hails judiciary's translation efforts, CJI Chandrachud responds with folded hands

Indian judiciary to make available its key judgments in regional languages. «I want to thank the Supreme Court that now the operative part of its judgments will be available in one's mother tongue.

14.08 / 17:13

COST SUN stage country Power Plan for India-Sri Lanka power line project in advanced stages

Mint had reported in January this year that the public sector Power Grid Corporation of India had prepared a preliminary report for the project. Mint reported that the interconnection would take place through overhead power lines and not subsea cables. Talks on establishing power grid connectivity have been on for over a decade now.

13.08 / 19:43

UPS Cooper country rock Power Nepal PM likely to sign power pact with China during Sept trip

Prachanda's China visit in September could result in a power trading agreement on the lines of the Himalayan nation's cross-border power trading agreement with India, signalling a balancing act by the former Maoist leader. Nepal wants to develop a cross-border transmission line with China via the border district of Rasuwa, which is expected to be signed during Prachanda's visit, according to Kathmandu-based sources. Nepal also wants to learn best practices in agriculture from China while simultaneously engaging with India in the same sector, according to one of sources quoted above.

13.08 / 18:39

COST UPS show Margin delight for Pidilite investors

₹3,275.1 crore marginally missed consensus estimate of ₹3,384 crore. While domestic demand held up well, C&B product exports dipped due to subdued demand in the overseas market. The C&B segment is a major contributor to Pidilite’s revenues and the rest comes from B2B, which faced headwinds due to lower demand from business dependent on exports.

13.08 / 17:31

Provident Digital Cooper Platform track country India plans own certification for digital public infra, goods

NEW DELHI : India is working with multilateral forums, including the UN and the G20, to create collaborations that would certify, register, test and benchmark Indian digital public infrastructure (DPIs) and public goods (DPGs), two people with direct knowledge of the matter said. The success of some of the government’s popular DPI programmes like CoWin, UPI, Digilocker and Diksha (national digital infrastructure for teachers) has prompted New Delhi to seek its own rating and testing mechanism for DPIs and DPGs, the people mentioned above said.

12.08 / 10:01

UPS Provident Cooper Progressive shootings Nepal ready to supply tomatoes to India to ease price rise, seeks easier access to market

₹242 per kg has led India to import tomatoes for the first time amid supply disruptions caused by heavy rains. Nepal is keen to export vegetables, particularly tomatoes, to India over the long term. However, this endeavour is contingent upon India providing straightforward market access and necessary facilities, according to Shabnam Shivakoti, spokesperson for Nepal's Agriculture Ministry told PTI on August 11.

11.08 / 20:33

UPS Citi Target Cooper show Weekend NCCF to dispose 60 tonnes tomatoes including Nepal supplies in Delhi over weekend to bring down prices further

₹116.73 a kg in the retail market on 23 July and started rising again from 24 July onwards. On 11 August, the price was ₹124.43 per kg, data by consumer affairs’ price monitoring division show.

11.08 / 06:25

UPS Cooper Strategy Tomato prices crash 37% in just a day in Maharashtra mandis to Rs 55 a kg!

tomato prices have crashed in some Maharashtra mandis by a whopping 37 per cent. According to a report in The Times of India, in three mandis of Maharashtra's Nashik, tomato prices fell by Rs 650 per crate, or 37 per cent, in just one day. A crate contains 20 kilogrammes. As per the report, tomato prices fell to Rs 1,100 per crate on Thursday from Rs 1,750 per crate a day earlier, which translates into a mandi price of just Rs 55 per kilo! On August 3, the average wholesale price was Rs 2,400 per crate. The main reason for the huge fall in tomato prices is said to be oversupply.

11.08 / 06:25

Nepal MP arrested for purchasing fake degree from Bihar to study in China

Police have arrested an MP from Nepal who purchased fake degrees from Bihar and used it to pursue higher education in China. In a report by the Hindustan Times, Nepal lawmaker Sunil Kumar Sharma has been arrested on charges of forging educational certificates. He reportedly bought a higher secondary academic degree from Bihar and used it to pursue higher studies in China.

10.08 / 18:59

UPS Cooper India stays optimistic about growth: Finance minister Nirmala Sitharaman

She pledged more steps to boost supplies of essential commodities like pulses, tomato and onion to curb food inflation on top measures already taken by the government. Her comments came on a day when the Reserve Bank of India (RBI) raised retail inflation forecast for FY24 by 30 basis points to 5.4%. She listed the Modi government's achievements over the past nine years while speaking in the Lok Sabha in a debate on the no-confidence motion brought by the Opposition against the current regime.

10.08 / 11:57

UPS Provident country International How successful are India’s efforts to conduct international trade in rupee?

international trade, the Reserve Bank of India (RBI) last year in July allowed invoicing and payments for international trade in domestic currency. The move was largely seen as part of the effort to bring down India’s massive oil import bill by purchasing Russian oil in domestic currency.

10.08 / 08:15

UPS VISA Airlines country China lifts bans on group tours to US, Japan and other key markets

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

10.08 / 06:57

Provident VISA LEH country Destinations Weekend independence day Independence Day long weekend sets new trend for THESE tourist destinations

long Independence weekend is here: August 12 (Saturday), August 13 (Sunday), August 15 Independence Day (Tuesday), and August 16: Parsi New Year (Restricted Holiday) (Wednesday). You just need to take an off from your work on August 14, Monday, to explore different tourist places.

10.08 / 03:15

UPS Provident Extreme Aware CEO country How Russia-Ukraine war casts impact on food security for vulnerable populations?

agricultural practices, the reduction of reliance on imported food, and the reinforcement of resilience against the impacts of climate change. In a conversation with LiveMint, Lisa Moon, who holds the position of President and CEO at the Global FoodBanking Network (GFN) and is also the organizer of the G20 Global Food Security Summit 2023, emphasized the critical objectives and pressing nature of ensuring food security. (Edited excerpts.) The Global Food Security Summit 2023 is comprised of officials, businesses and civil society members from across India.

09.08 / 11:13

UPS Berger Paints Q1 Results: Net profit rises 40% to ₹355 cr, revenue up 8% YoY

Berger Paints Q1 Results: Berger Paints India on Wednesday reported a 40 per cent rise in consolidated net profit at ₹354.91 crore for the June quarter. The company, which had posted a consolidated net profit of ₹253.71 crore for the same period in the last fiscal, said its board has approved the issue of one bonus equity share of face value of Re 1 each against 5 equity shares of the face value of Re 1 each, subject to shareholders' approval.

09.08 / 10:41

COST UPS FIVE CEO performer Berger Paints Q1 Results: Cons PAT jumps 40% YoY to Rs 355 crore; revenue rises 9%

Berger Paints India on Wednesday reported a nearly 40% year-on-year (YoY) jump in its consolidated net profit for the quarter ended June 2023 at Rs 355 crore versus Rs 254 crore in the same quarter last year. The revenue from operations jumped 9.2% YoY to Rs 3,029 crore against Rs 2,773 crore reported in the year-ago period. The company's Board of Directors also approved a bonus issue of one bonus equity share against five equity shares.

09.08 / 10:41

country Govt has started trade with neighbouring countries in INR, says Anupriya Patel

Lok Sabha, Minister of State for Commerce and Industry Anupriya Patel said a significant part of the India-Nepal trade is being carried out in Indian Rupee (INR) and all bilateral trade with Bhutan is also transacted entirely in INR. «Rupee trade mechanism has been initiated to facilitate trade in national currency with Russia. As of July 2, RBI has approved 34 applications from different Russian banks for opening SRVA in 14 Indian commercial banks,» the minister said in a written reply.

08.08 / 11:55

Citi SAT stays interim order against Royal Orchid Hotel till 17 August

₹68.88 crore for the first quarter of the fiscal year ended June 2023, marking an increase of 13.9% from the corresponding quarter a year prior. Net profit was at ₹10.73 crore.

07.08 / 11:15

PINK Discover Orange Marvell love band The versatility of India’s handlooms

Hiranya Vastra or Putambhar Vastra, and gods are described as having been decked in hiranya as they set forth in their chariots. King Siddhartha shed his royal robes and is said to have wrapped himself in the fine cotton of that time. Today, the weavers of Varanasi weave resplendent brocade gyaser cloth for Tibetan monasteries all over the countey, with special commendation by His Holiness the Dalai Lama.

07.08 / 05:01

country Modi government significantly enhancing border infrastructure: EAM Jaishankar

Modi government has significantly enhanced border infrastructure in the last nine years, including along the frontier with China, External Affairs Minister S Jaishankar said on Monday. In an interaction with a group of journalists, he said infrastructure push along the Northern border is going to determine India's response to national security challenges.

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