Nepal Financial News

vote of confidence in Parliament on Sunday, nearly a week after he was sworn in to lead a coalition government in the Himalayan nation. Oli secured 188 votes in favour of the Vote of Confidence motion tabled by him while 74 votes were cast against the motion. Out of a total of 263 members of the House of Representatives, who were present, one member abstained. Oli, 72, required 138 votes out of a total of 275 votes to pass the floor test in the House of Representatives (HoR). Prime Minister Oli has won the vote of confidence in the Lower House, Speaker of the HoR Dev Raj Ghimire announced after the counting of votes.

violence-hit Bangladesh through integrated check posts in Tripura, a Border Security Force official said here on Sunday. Of the total returnees, 365 crossed over the international border on Saturday and four on Friday, he said. The returnees include three Nepalese students. «A total of 379 students entered India in the past 48 hours from violence-hit Bangladesh through check posts at Srimantapur in Sepahijala and Agartala (Akhaura) in West Tripura, and more are expected to return on Sunday,» the BSF official said.

global outage issue has put the world's major services including banking and aircraft operations into a standstill after Microsoft applications and services were unresponsive for users across different countries. The global outage, according to reports, was majorly due to a CrowdStrike issue that prevent Microsoft systems from booting up accurately, with a blue dead screen cropping up.

Indian students back home on Friday from Bangladesh, where violence has erupted between protesters and security forces. At least 20 people have been killed in the clashes this week — most of them in the capital Dhaka — with police firing tear gas and rubber bullets to scatter protesters who also torched vehicles and establishments. The protesters oppose a system of quotas for government jobs. Some mobile internet services were cut off on Thursday and telecom links remained widely disrupted on Friday.

IREDA on Wednesday said the company will invest Rs 290 crore in a 900 MW hydroelectric power project in Nepal. The Board of Directors of IREDA gave in-principle approval for the equity investment at a meeting on Tuesday, the company said in a statement.

K P Sharma Oli was appointed Nepal's Prime Minister for the third time on Sunday to lead the new coalition government that faces the daunting challenge of providing political stability in the country. Oli, 72, succeeds Pushpa Kamal Dahal Prachanda who lost the vote of confidence in the House of Representatives on Friday, leading to the formation of the new government process as per Article 76 (2) of the Constitution. President Ram Chandra Paudel appointed Oli as the new Prime Minister of the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML)-Nepali Congress (NC) coalition.

K P Sharma Oli, set to become Nepal's new Prime Minister, on Saturday held consultations with his alliance partner Nepali Congress in preparing the list of ministers to be inducted into the new coalition government that is likely to be sworn in on Monday. President Ram Chandra Paudel is expected to appoint Oli, 72, as the new Prime Minister of the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML)-Nepali Congress (NC)coalition on Sunday. «However, the President is likely to administer the oath to the new Prime Minister and other members of the cabinet on Monday morning. A small cabinet is likely to be announced on Monday before the oath-taking ceremony starts,» said sources close to the NC and UML. Amid political turmoil in the Himalayan nation, CPN-UML chairman Oli, 72, is set to become prime minister once again after incumbent Prime Minister Pushpa Kamal Dahal 'Prachanda' on Friday failed to win a trust vote in Parliament.

Ahmedabad (Gujarat) [India], July 9: K&R Rail Engineering Ltd, a leading Railway infrastructure company offering services in laying of track, signalling, electrification and telecommunication in the Railway Industry is proud to announce that it has signed a Memorandum of Understanding (MOU) with UNECO Co. Ltd, a South Korea-based company engaged in the manufacture and sale of industrial machineries, to establish a Composite Sleeper Plant in India. With the estimated cost of Rs.

Rescuers assisted by divers from Nepal's security forces on Saturday resumed the search for over 50 people, including seven Indians, still missing after two passenger buses were swept away by a mudslide into a rain-swollen river in the Himalayan nation. The two buses carrying 54 passengers went missing in the Trishuli River in the landslides at the Simaltal area along the Narayanghat-Mugling road in Chitwan district. Earlier, it was reported that there were more than 60 people on board the two buses. The Nepali Army, Nepal Police and armed police personnel along with deep divers are being mobilised to resume the search operation, according to the Nepal Police.

Pepsi and Coca-Cola, a staple of countless Indian television advertisements over the decades, seems set to spill over into the Indian stock markets. Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group's flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo's beverages globally, outside the US.

Mint examines this question and more. The Shanghai Cooperation Organisation (SCO) was formed in 2001. It evolved from an earlier avatar known as the Shanghai Five, comprising Russia, Kazakhstan, Kyrgyzstan, Tajikistan and China.

Women's Asia Cup T20, which is set to take place in Dambulla, Sri Lanka from July 19. Harmanpreet Kaur will once again lead Team India in the tournament, with star opener Smriti Mandhana playing the role of her deputy. The ninth edition of the Women's Asia Cup will be played from 19 to 28 July in Sri Lanka in the T20 format.

Dalai Lama's next move. Their top-of-the-mind question is whether the Tibetan leader will be announcing his successor. Supporters of the 14th Dalai Lama, which include US lawmakers, are worried that China will try to beat him in the race and declare its own 15th Dalai Lama. 'They have even attempted to insert themselves into the succession of the Dalai Lama. We will not let that happen,' said Republican chair of the US House Foreign Affairs Committee Michael McCaul. For Tibetans living in China and spread across several countries, the Dalai Lama is a 'living Buddha' and represents the symbol of Tibetan identity and Chinese repression. He escaped from Tibet to India in 1959 after Chinese troops took over Tibet and indulged in a bloodbath.

Heavy rains triggered landslides and flash floods killing at least 11 people in the last 36 hours in Nepal and blocking key highways and roads, officials said on Sunday. Eight people were missing, either washed away by floods or buried in landslides, while 12 others were injured and being treated in hospitals, police spokesperson Dan Bahadur Karki said. «Rescue workers are trying to clear the landslides and open the roads,» Karki told Reuters, adding heavy equipment was being used to clear debris.

Bihar has witnessed the collapse of nearly a dozen bridges, raising serious concerns about construction quality and material usage. The incidents, occurring less than a month into the monsoon season, have prompted officials to suggest that the root cause might be linked to unscientific river dredging and desilting.

8848 feet and that too for a viewing point to get a selfie? Incredible and ludicrous? Yes, but true. When two separate groups of tourists from China reached the 8848 Viewing Platform, located in the Tibet Autonomous Region of China, they decided to take selfies to make the trip memorable. After a tour guide asked them to pose together for a photo beside the Everest Elevation Monument, each group wanted to grab the best place for the selfie. According to the 'Independent', they argued over the optimal viewing position and it snowballed into slugfest and fisticuffs.

T20 World Cup concluded with a classic thriller of a final, with India crowned champions on Saturday, but the tournament may also go down as a milestone for a game which is keen to expand its global footprint.

ET Infra had earlier reported that A.P. Møller Capital P/S, part of the A.P. Moller Group, is said to be among entities seeking to buy GIP's Pristine Logistics stake.

Bihar will roll out the red carpet for domestic and foreign investors at a mega event in December as it looks to lure investments in sectors like textiles, food processing and EVs that will create jobs and boost business in the state. After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.

Coca-Cola Company is, on Sunday, shutting down its Bottling Investments Group (BIG), under which the US beverage maker operates its worldwide bottling operations, including in India.

T20 finals, former England cricketer Michael Vaughan said if Rohit Sharma-led Team India manages to win in the final match of the T20 World Cup 2024, then the Men in Blue will go on a 'trophy winning spree'. The Men in Blue will take on South Africa in the final match of the T20 World Cup 2024 at the Kensington Oval in Barbados on Saturday. The Men in Blue will be aiming to end their drought for an ICC trophy since 2013's Champions Trophy and also win their first T20 World Cup since 2007's inaugural edition in South Africa.