BUSINESS

The Nepali government's decision to restrict foreign currency exchange has led to a disruption in internet services across Nepal. Internet service providers (ISPs) in Nepal have accumulated unpaid bills of around 3 billion Nepali rupees owed by Indian companies for international bandwidth.Representatives from the upstream network service…

In a concerning development, Nepal's national flag carrier, Nepal Airlines Corporation (NAC), has faced significant financial setbacks due to the prolonged grounding of one of its narrow-body aircraft.The aircraft, a 158-seat Airbus A320 with the registration 9N-AKX, had been sent to Israel for engine replacement, but the repair process…

In a strategic move to expand its footprint in South Asia, Indian data center firm Yotta Data Services has formed a joint venture with Nepal's BLC Holding Pvt Ltd to establish a massive hyperscale data center facility in Kathmandu.The two companies inked an agreement during an investment conference on Sunday to co-develop the data center…

The electric vehicle landscape in Nepal is set to experience a significant transformation with the introduction of battery swapping technology. Gogoro, a pioneering Taiwanese company and a global leader in this field, is launching its advanced swapping network and scooter lineup in the Himalayan nation through its local partner, Nebula Energy…

In a groundbreaking move that is set to redefine the payment landscape in Nepal, Fonepay Payment Service Limited has unveiled the country's first-ever domestic credit card network.This pioneering initiative marks a significant stride towards financial inclusivity and convenience, catering to the evolving needs of consumers and businesses…

Nepal Telecom being a state owned telco provider has responsibilities to provide the citizens with best services at a minimal amount of cost.Nepal Telecom provides various voice and data services at a discounted rates through it's quarterly offers. The company has been providing for the past few years - Spring, Summer, Winter and Autumn…

Shree Airlines marked a significant milestone as it welcomed two Dash 8-Q400 aircraft into its expanding fleet. The Civil Aviation Authority of Nepal has officially registered these aircraft under the numbers 9N-AOK and 9N-AOL, highlighting the airline's commitment to modernizing its operations.With the addition of these aircraft, Shree…

Lalchan Group's Hotel Lalchan Pvt Ltd is currently spearheading the construction of a luxurious 'DoubleTree by Hilton' hotel in Maharajganj, Kathmandu, with an impressive investment totaling 3.9 billion rupees. This ambitious project marks a significant addition to the hospitality landscape in the region, promising world-class amenities and…

In Nepal, a significant milestone has been achieved in the realm of sustainable energy with the successful testing of green hydrogen production and refueling. Led by the Green Hydrogen Lab within the Department of Mechanical Engineering at Kathmandu University, this accomplishment comes after two years of dedicated research and development…

Air Asia, a prominent player in the airline industry, is gearing up to reinstate its operations in Nepal after a hiatus. The airline ceased flights to the country previously due to outstanding dues owed to Tribhuvan International Airport for utilizing its services.Having suspended its flights to Nepal for the past four years, Air Asia is…