KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.
NEPSE index suffers double-digit fall
The price of shares in the domestic stock market decreased by double digits today. According to the NEPSE Stock Exchange, the NEPSE index dropped by 10.13 points and reached 1326.53.
Similarly, the sensitive index also dropped by 2.64 points to reach 279.95. Two million ninety-seven thousands and seven hundred six units of shares of 179 companies were traded at Rs 1.784 billion.
Out of 12 sub-groups, shares of only two sub-groups saw an increase in their shares.
Among the sub-groups of the companies recording increase in transaction are trade sub-group with an increase of 15.31 points and collective investment fund of 0.1 point.
Transport entrepreneurs urge govt to disallow private vehicles from ferrying passengers
Public transport entrepreneurs have urged the government not to allow private vehicles from ferrying passengers at a time when public transportation has not been allowed to ply the streets due to the lockdown.
A delegation of the Federation of Nepali National Transport Entrepreneurs on Wednesday morning met with Home Secretary Maheshwar Neupane and submitted a memorandum urging the ministry to not allow private vehicles to ferry passengers.
Likewise, they have said that the private vehicles were found overcharging people taking advantage of the lockdown.
Laxmi Hyundai introduces ‘Click To Book’ feature
Laxmi Intercontinental Pvt. Ltd. (Laxmi Hyundai), sole authorized distributor of Hyundai motors in Nepal, has come up with an innovative feature for its customers as a small effort to ease into this changing situation of the COVID-19.
Now with this feature, customers can easily book a Hyundai vehicle online without having to visit the showroom physically.
Laxmi Hyundai has introduced the new click to book feature in their official website to provide innovative service to its customers along with reducing the physical contact as a precaution against the current COVID-19 situation.
To make the buying process easier for the customers, this system enables them to use the filters provided to search and choose the vehicles they want and also go through different variant specifications, MRP, discounts offered and additional benefit along with getting the feel of various colors available in the vehicle.
Once the customer is satisfied with their offer in hand they can generate the quotation online and also process for bank finances if necessary or else the customer can proceed to book the vehicle they want by simply paying online through the payment gateways provided in the official website of Laxmi Hyundai.
NMB Bank launches NMB Green Fixed Deposit
NMB Bank has launched NMB Green Fixed Deposit, where customers will have a sapling planted in their name for every new NMB Green Fixed Deposit account.
Promoting the need to support environment preservation the Bank’s new Green Fixed Deposit comes with a set of attractive features that include the highest interest rate in the market, flexible tenure ranging from 1 to 5 years and 100% loan against fixed deposit.
“NMB Green Fixed Deposit is a conscious effort from us to balance business and our responsibility towards environmental awareness.
The product not only gives our customer the best return on investment but also accomplishes a fragment of individual responsibility that lies towards safeguarding the environment that we live in.” said a statement issued by the Bank.
Nabil Bank, Huawei sign MoU for strategic cooperation
Nabil Bank and Huawei signed a memorandum of understanding for strategic cooperation in Kathmandu. Anil Shah, CEO of Nabil Bank and Deng Shuigen, CEO of Huawei Technologies Nepal signed the MOU.
CEO Shah expressed his excitement about the strategic partnership with Huawei, a globally leading ICT solution provider, as the partnership is strategically significant to unlock a wide range of collaborative opportunities to add value to the Bank and its customers.
He stated that the extensive experience of Huawei in digital transformation of various industries around the world would enable the bank to become a truly digital bank.
(Compiled and prepared by Swastik Aryal and Nitish Lal Shrestha)
Nepal Economic Digest is a daily morning email digest, basically relatable summations of the most important business news, happenings from Nepal into easy-to-understand summaries.
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