KDB thankful KATHAMNDU: Kasthamandap Development Bank has expressed its gratitude to its shareholders, distribution centres, banks and other financial institutions for floating its shares in the market smoothly. The sale and issue management of the shares of the bank has been fulfilled by NIDCC Capital market Limited. The bank floated 160,000 unit shares worth Rs 96 milllion each at face value Rs 100 on November 17. The issue ended after three days of initiation.

Cable car turns 12 KATHMANDU: Manakamana Cable Cars has entered its 12th year of operations. In all its years of operations, the cable car service has benefited lakhs of devotees visiting Manakamana Temple from Cheres of Chitwan to the Manakamana holy sitye in Gorkha district. Thanks to the cable car service, Manakamana has developed as a religious tourism site. The cable car service provides valuable revenue to the state coffers. It also enables locals, allowing them the facility of transporting the needful essential items. The company that runs the service is planning to extend cable car services to other partys of the country also.