Author: Himalaya Post

KATHMANDU: Nabil Bank Limited has announced to issue ‘Nabil Debenture 2087’ worth Rs. 3 billion from December 15, 2023. The bank plans to issue 3 million units of debenture with the par value of Rs. 1,000 per unit for total of Rs. 3 billion. From the total 3 million units, 1.2 million units for value of Rs. 1.2 Billion will be issued to the general public, including a 5% quota (60,000 units for Rs. 60 million) for mutual funds and 1.8 million units for value of Rs. 1.8 Billion will be subscribed through private placement. According to the bank,...

Kathmandu- Nepal-India Cultural Festival Celebrates Shared Culture and Heritage The Embassy of India in Nepal, in collaboration with Lumbini Development Trust and Lumbini Buddhist University organized the inaugural India-Nepal Cultural Festival in Lumbini on 8 December 2023. The festival showcased the rich cultural heritage and traditions of India and Nepal, with a focus on Buddhism. The festival featured Sand Mandala Drawing Art Exhibition prepared by monk artists from Hemis Monastery in Ladakh, India, photo exhibition based on the photographs of renowned photographer Benoy Behl, a Street Food Festival featuring Indian and Nepali cuisines, and a cultural programme. The festival...

Kathmandu- Ncell is pleased to announce that a transaction has been agreed between Spectrlite UK Ltd and Axiata UK Ltd whereby Spectrlite will be acquiring 100% of Axiata’s stake in Reynolds Holdings based in Saint Kitts and Nevis, which in its turn holds 80% of the shares in Ncell. Spectrlite is committed to driving Ncell forward, expanding the range of services, enhancing quality, and introducing digital innovations. The owner of Spectrlite UK, Mr Satish Lal Acharya, is of Nepali origin and currently based in Singapore said, “Spectrlite is pleased to announce an agreement for the acquisition of a controlling...

Kathmandu – The project portfolio performance review meeting between the Indian Embassy in Kathmandu and the Minister of Finance in Nepal has been concluded. At the ‘Project Implementation Review Meeting’ jointly organized by the Indian Embassy here and the Ministry of Finance at the Ministry of Finance on Thursday, Minister Dr. Mahat expressed his gratitude to the Government of India for continuously helping Nepal in the project of economic upliftment of Nepal. According to the Ministry of Finance, he expressed his commitment to provide all possible support from the Government of Nepal for the speedy implementation of subsidized loans...