Nepal Financial News

West Bengal CID on Friday said it was making arrangements to bring one of the key suspects in the brutal murder of Bangladeshi MP Anwarul Azim Anar from Nepal to Kolkata. Muhammed Siyam Hussain, who fled to Nepal allegedly after murdering Anar in New Town area of the city, was apprehended from the border region of the neighbouring nation last Thursday, sources said.

advertising for the upcoming cricket match between India and Pakistan held in the US, tapping into the spending power of the South Asian diaspora.

Nepal's abundant hydroelectric power is helping the Himalayan nation cut its oil imports and clean up its air, thanks to a boom in sales of electric vehicles

barred India's Tesla Power from publishing advertisements with a Tesla trademark, after Elon Musk-led Tesla Inc. sued the Gurugram-based company for using its trademark. Tesla Inc.

Narendra Modi will invite some neighbouring countries to his swearing-in ceremony on June 8, said people familiar with the matter on Wednesday. These nations include Sri Lanka, Bangladesh, Bhutan, Nepal, and Mauritius. The caretaker PM has already invited Sri Lankan President Ranil Wickremesinghe for his oath-taking ceremony.

BJP, having secured more than 272 seats on its own in both 2014 and 2019, was not concerned with political stability. However, in his first speech after the results on Tuesday, Modi emphasized that India would continue to look outward, seeking to integrate into global value chains and assist countries in need. For the world, Modi is someone they have engaged with for the past decade, someone they have done business with and hence predictable to work with.

Leaders of India’s three neighbours — Bhutan, Nepal and Sri Lanka on Tuesday evening sent congratulatory messages to PM Narendra Modi on winning third term in office and leading NDA to victory.

SJVN expects its under-construction 900 MW Arun-3 hydro-electric project in Nepal to start power generation from next year as nearly three-fourths of work has been completed, its chairman and managing director Sushil Sharma said on Tuesday. Nepal Prime Minister Pushpa Kamal Dahal triggered the last blast to mark the completion of heading excavation 11.8 km long head race tunnel of 900 MW Arun- 3 Hydro Electric Project in Sankhuwasabha district of Nepal, SJVN said in a statement. SJVN is constructing the multi-crore Arun 3 Hydro Electric Project in Nepal. More than 74 per cent of the project works have already been completed and the remaining works are going on in full swing. The project will start generation by next year and has the potential to generate 3924 million units of electricity every year, Sharma said in the statement.

SKM candidate Indra Hang Subba on Tuesday won the lone Lok Sabha seat in Sikkim, defeating his nearest rival Bharat Basnett of the Citizen Action Party (CAP-Sikkim) by 80,830 votes. The 35-year-old sitting MP polled 1,64,396 votes, while Basnett bagged 83,566.

Indian stocks, the total assets under management (AUM) of state-owned insurance behemoth LIC has now crossed the Rs 50 lakh crore mark to nearly double the size of neighbouring Pakistan's GDP. Latest data shows that Life Insurance Corporation of India's AUM has increased by 16.48% year-on-year (YoY) to Rs 51,21,887 crore ($616 billion) as of March-end compared with Rs 43,97,205 crore at the end of the previous FY23.

fatality this year; as the Everest mountaineering season nears its end, the figure is lower than the previous few years. Last year was the deadliest season for the mountaineers at the world's highest peak, and 18 fatalities were recorded in 2023.

CG Foods, which makes India's third-largest instant noodles brand Wai Wai, is for the first time, reducing salt in its noodles by anywhere between 10% and 25% starting next quarter with select variants, Manvendra Amber Shukla, global chief executive officer of CG Foods, owned by Nepal-based diversified CG Corp Global, said in an interview. The move comes amid tighter regulation and heightened scrutiny on packaged foods. «What the government is doing (in terms of regulation) is definitely welcome; it is positive for consumers, and positive for the ecosystem and a responsibility of all organisations towards consumers,» he said. The salt reduction process will start with the spicier packs of Wai Wai, according to Shukla. «In India, starting next quarter, we will start the first phase of reduction of salt by 10% starting with spicy noodles. As we move forward, we will reduce salt up to 25% in other variants of our portfolio,» he said. Additionally, the group is working on plans to introduce healthier variants such as millet noodles and renewing focus on atta noodles.

growth in the last four months, India’s engineering exports declined in April 2024 by 3.2% to US$8.67 billion primarily due to lower shipments of metals, especially iron & steel and copper. Lower shipment of steel was mainly witnessed in Italy, Nepal, UAE, Netherlands, USA, China, and South Korea among others. Excluding the export of iron and steel, engineering exports recorded a growth of 2.61% during April 2024. A substantial 36.41% decline in exports of Iron and Steel therefore was the single most important reason behind the year-on-year decline in overall engineering exports during April 2024.

Kaamya Karthikeyan successfully summited Mt. Everest, becoming the youngest Indian mountaineer to scale the world's highest peak from the Nepal side, the Indian Navy said on Thursday. The daughter of a naval officer, Kaamya is a class 12 student at Navy Children School, Mumbai. Kaamya and her father Cdr S Karthikeyan successfully summited Mt. Everest (8,849 m) on May 20, according to a statement issued by a Navy spokesperson. «After this feat, she has become the second youngest girl in the world, and the youngest Indian mountaineer to summit the world's highest peak from the Nepal side,» the statement said.

Buddha Purnima 2024: Buddha Purnima or Buddha Jayanti commemorates the birth of Lord Gautam Buddha. The holiday, also known as Vesak, is a yearly celebration observed on the first full moon of the Hindu calendar month Vaishakha.Buddha was born around 563 BC in Lumbini (present-day Nepal) as Prince Siddhartha Gautam.

expedition monitoring field office at the base camp, said in a post on X. Typically, ordinary climbers require several days to reach the summit of Everest, and it is exceedingly rare for mountaineers to achieve multiple ascents within a brief period. However, Kami Rita Sherpa ascended the 8,849-metre (29,032-foot) peak via the traditional southeast ridge route, according to Nepali tourism official Khim Lal Gautam.

Pluugin E-commerce has announced plans to expand its operations in India. The company stated that this expansion aims to create over 2,100 jobs in the local market over the next three years. Currently operational in 12 states, Pluugin E-commerce plans to achieve 100 percent pan-India coverage within the next 12 months. Additionally, India will serve as the backend office for its global operations in Bangladesh, Nepal, and Sri Lanka, it said. “We truly believe that every brand has the potential to be borderless in today’s e-commerce landscape, and we intend to help them leverage this potential, with a strong focus on MSMEs. Our strategic entry into the Indian market brings new growth opportunities within the e-commerce space, enabling a global presence for all 'Make in India' brands,” said Aparna Gupta, Founder & Managing Director of Pluugin E-commerce.

Single Dad Lockdown and published in the Tiny Love Stories section of the New York Times, the snippet was a masterclass in how much—rhythm, tension, emotion and catharsis—could be packed into barely a paragraph. Now, in his debut collection Leech & Other Stories, Adiga builds on his remarkable skill.

Sanjiv Puri, Chairman and Managing Director of ITC, has assumed office as the president of the Confederation of Indian Industry for 2024-25, the chamber said on Sunday. He takes over from R Dinesh, Chairman of TVS Supply Chain Solutions. Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness, and IT. He is also the Chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US, and Surya Nepal Private Ltd.

Singapore High Commissioner to India, Simon Wong, witnessed Prime Minister Narendra Modi's public meeting in North East Delhi and called it "electrifying." In the pictures shared by Simon Wong, PM Modi waved at the people who came to listen to his address while people in the audience held BJP flag. In a post on X, Simon Wong stated, «Front row seats w fellow diplomatic colleagues to watch the world's largest democracy in action. Electrifying! Thank you @BJP4India, @vijai63 for the opportunity. — HC Wong.»

Indian spice-mix products of MDH and Everest on Friday due to quality issues, following in the footsteps of Hong Kong and Singapore. Nepal’s Department of Food Technology and Quality reported that the ban is due to the suspicion of ethylene oxide contamination. The banned spices include madras curry powder, sambhar mixed masala powder, mixed masala curry powder of MDH, and fish curry masala of Everest. The importers and traders are requested to recall these products from the Nepalese market. “As residue contents of ethylene oxide are found to be exceeding the prescribed limit in these four products, the import and sale of these products are banned within the country as per Article 19 of the Food Regulation 2027 B.S.,” Nepal's Department of Food Technology and Quality Control, in a notice said.