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Kathmandu: Hulas Iron Industries Limited, a subsidiary of the Hulas Group preparing to launch an initial public offering (IPO), recorded an annual turnover of Rs 3.43 billion in the last fiscal year, reflecting steady business performance ahead of its public issuance. According to company figures, Hulas Iron generated Rs 802…

New York- Venezuela’s deposed president Nicolas Maduro pleaded not guilty on Monday to drug trafficking and other criminal charges during his first appearance in a federal court in New York, two days after being captured by U.S. forces in a dramatic raid in Caracas. Appearing before a judge in Manhattan,…

Taplejung: The 73-megawatt Sanima Middle Tamor Hydropower Project has resumed power generation after remaining shut for nearly a month due to technical problems. Project Administration Chief Karan Gautam said electricity production restarted after rectifying technical issues in the powerhouse and completing necessary maintenance works. According to him, the shutdown was…

Kathmandu- Kathmandu Metropolitan City Mayor Balendra Shah (Balen) and former Nepal Electricity Authority Managing Director Kulman Ghising did not attend the political integration programme of the Rastriya Swotantra Party (RSP) held on Monday at the National Assembly building. The programme, described by the party as a major integration event, brought…

Kathmandu: CPN (UML) Chairman KP Sharma Oli and Nepali Congress Acting President Purna Bahadur Khadka held a high-level meeting on Monday to discuss coordination for the upcoming National Assembly elections. The meeting took place from 9 am to 11 am at Oli’s residence in Gundu, Bhaktapur. Acting President Khadka arrived…

Kathmandu- Nepal Police have uncovered a counterfeit currency printing factory operating in Gokarneshwor Municipality-8 of Kathmandu and arrested two individuals in connection with the illegal operation. Those arrested have been identified as 28-year-old Gauri Shankar Yadav of Bara district and 28-year-old Ravi Kumar Srivastava of Motihari, India. The arrests were…

Kathmandu: Rastriya Swatantra Party (RSP) President Rabi Lamichhane has sharply criticized the top leadership of Nepal’s traditional political parties, accusing them of political vendetta and failed governance. Addressing the party’s integration announcement meeting, Lamichhane described the legal cases filed against him as acts of revenge. Using sarcasm, he remarked that…

Kathmandu: Vijay Laghubitta Bittiya Sanstha Limited has opened its Follow-on Public Offering (FPO) for subscription from today. The microfinance institution is issuing the FPO to maintain the shareholding ratio of 70:30 between founder shareholders and the general public. Following the merger of former Naya Sarathi Laghubitta Bittiya Sanstha and Vijaya…

Kathmandu — Banks and financial institutions have significantly reduced lending to low-income and poor borrowers amid growing difficulties in loan recovery, even as overall credit flow in the banking system continues to expand. According to data from Nepal Rastra Bank, outstanding credit extended to poor borrowers declined by 18.88 percent…

Kathmandu — The commission of inquiry formed to investigate the incidents of Bhadra 23 and 24 has summoned Kathmandu Metropolitan City Mayor Balendra Shah for a formal statement. According to the commission, statements have already been recorded from key political figures including then Prime Minister KP Sharma Oli, then Home…