New issues approved

KATHMANDU: Securities Board of Nepal (Sebon) has approved issuance of 2,00,000-unit of initial public offerings of Kaski Finance at the face value of 100 per unit. Similarly, the board has also approved 50,40,000-unit and 15,00,000-unit of rights shares of International Leasing and Finance Co and Annapurna Development Bank, states a press release. — HNS

Shrestha gets PhD

KATHMANDU: Tribhuwan University has conferred PhD to Ramesh Shrestha, lecturer at Public Youth Campus for his thesis on ‘Development of Entrepreneurship in Nepal’. His work peeps into the development process of small and cottage industry in Nepal, states a press release. — HNS

Shortage of cement

UDAYPUR: Black marketing of the cement produced from Udaypur Cement Factory — the country’s biggest cement factory — is rampant. Locals here have to stand in queue for hours to get a sack of cement. “Though it claims that it has been distributing over 15 trucks of cement a day in the local market through its seven depots in Ghaighat, Katari and Beltar bazaar,” locals, said, adding that they are not getting the cement. — RSS