Biz Briefs


KATHMANDU: Civil Savings and Credit Co-operative Ltd (CSCCL) held its sixth annual general meeting (AGM) on Saturday. According to a press release issued here by the company, it has collected Rs 1,022,059,567 as deposit and invested Rs 1,007,271,892. It has also posted Rs 19, 492,079.39 profit in the fiscal year 2062-63 BS. Er Ichchha Raj Tamang, chairman of the Civil Groups, on the occasion, informed that the company will carry out its official operations from Civil Corporate Complex within this year. — HNS

Everest Cargo’s AGM

KATHMANDU: Everest De Cargo Pvt Ltd, Licensee of Federal Express Corp (FedEx Express) — the world’s largest express transportation company — held annual event in Kathmandu to mark its successful completion of fourth year of services in Nepal, states a press release issued here by the company. R M Singh, MD of Everest De Cargo, on the occasion thanked everyone for their support. — HNS

IDBL holds 3rd AGM

KATHMANDU: Infrastructure Development Bank Ltd (IDBL) held its third annual general meeting (AGM) on Saturday. The bank has posted Rs 5,00,000,00 operating profit, states a press release issued here by the bank. The bank has also decided to increase its paid-up capital. — HNS

Eurozone economy

BRUSSELS: Continued economic optimism and positive new unemployment data released on Friday confirmed that the economy remains buoyant in the nations sharing the euro currency as a recovery takes hold. According to official EU figures, economic optimism among EU businesses and consumers dipped slightly in December to 110.1 points compared to 110.3 points in November but remained well above its long-term average. — AFP