Economy

Apple delivers strong profits, but investors punish shares

Apple delivers strong profits, but investors punish shares

SAN FRANCISCO –Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells.  ...

New tea processing industry set up in Jhapa

New tea processing industry set up in Jhapa

Bhadrapur, Jhapa – A tea processing industry has been established in Jhapa. Small Farmers Tea Production Cooperatives, Haldibari set up the industry at a cost of Rs 110 million with...
Locals get upto 102 units share of Upper Tamakoshi

Locals get upto 102 units share of Upper Tamakoshi

Charikot – Upper Tamakoshi Hydropower Project has allotted its share in initial public offering (IPO) to the project affected people in Dolakha district, Dr Ganesh Neupane, Spokesperson of the Company...
Budget implementation faces challenges galore

Budget implementation faces challenges galore

Dhangadhi –Owing to late transfer of some of the agencies obliged to implement budget policy and programme to province government, the execution of province government’s current fiscal year budget is...
Local governments agree to promote diary industry

Local governments agree to promote diary industry

Terhathum –Local governments of the district have shown interest to open diary processing industries.  People’s representatives from all the local governments in Terhathum have agreed to operate milk processing industries...
Nepal sees trade deficit with 112 countries

Nepal sees trade deficit with 112 countries

Kathmandu –A data has revealed that Nepal has a trade deficit with 112 countries of the globe. According to the recent three months data disclosed by the Department of Costums,...
Paddy production to rise by 10%

Paddy production to rise by 10%

Parbat –The paddy production in Parbat district is forecasted to increase by 10 percent this year compared to the last year, thanks to timely plantation of paddy seedlings, good rainfall...
WB provides Rs 23 billion concessional loan

WB provides Rs 23 billion concessional loan

Kathmandu –The World Bank has decided to provide around Rs 23 billion concessional loan to Nepal for the implementation of financial and energy sector reform policy.  An agreement...
Pak approves Saudi investment in Gwadar

Pak approves Saudi investment in Gwadar

Islamabad,Pakistan –Pakistan's federal cabinet on Thursday gave its approval to Saudi Arabia for establishing an oil refinery in the port city of Gwadar.  "The cabinet has approved the...
ADB to provide 180 million US dollar loan to Nepal

ADB to provide 180 million US dollar loan to Nepal

Kathmandu –elopment Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route...
Demand for Nepali handmade paper rising

Demand for Nepali handmade paper rising

Damauli –With the increasing demand for the indigenous Nepali handmade paper, a Nepali paper industry has increased its capacity to meet the demand.  Shukla Gandaki Nepali Paper Industry,...