National Biz Briefs
LALITPUR: Risik Automobiles Private Ltd — the authorized dealer for all Yamaha products including motor bikes, generators and spare parts — has opened a new Yamaha showroom for Yamaha generators at Kumaripati. The showroom especially offers sales, services and spares for the power products to customers, all under one roof. The showroom was inaugurated by Taekwondo champion Deepak Bista on Wednesday. The store offers a wide range of generators starting from 0.7kva to 21kva. Customers can benefit from the 24 months’ warranty and prompt aftersales services, said Milan Babu Malla, managing director of Risik Automobiles.
KATHMANDU: Virgin Mobiles have announced their March Madness promotional scheme for the month of March after last month’s Valentine and Holi offer. Under this scheme, on every purchase of a mobile set, customers will get a scratch card each in which they will be offered instant percentage discount and cash discount on another purchase or they can redeem the value at their service centres.
KATHMANDU: Sky Brands Nepal has launched AB Rocket, an abdominal trainer. This weight loss gizmo is a product of an American company — Emson. This is a compact and easily portable manual machine which is also easy to operate. This uses cylinder technology and comes with three different springs — high, middle and low resistance. As a launching offer, customers will get a free Magnetic Acu Twister along with an instruction DVD disc and The Blast Away the Calories Meal Plan. AB Rocket, priced at Rs 9995, is available at Sky Brands showrooms in Kathmandu and Pokhara.
LPG supply issue
KATHMANDU: LPG Industry Association (LPGIA) and Gas Dealers’ Federation Nepal (GDFN) jointly handed a memorandum to the Chief District Officer (CDO) of Kathmandu on Wednesday regarding scanty supply of LPG by Nepal Oil Corporation (NOC). Earlier, LPGIA and GDFN had stopped LP gas distribution from February 25 for the very reason but, at the intervention of the CDO, resumed distribution from March 2. LPGIA and GDFN blamed NOC for supplying just 50 per cent of the demand volume which is 1000 mega tonnes a day. They will again go on strike from March 21 if NOC does not increase supply.
TDB to begin work
KATHMANDU: Tourism Development Bank (TDB) will start business from March 18 from its head office at Thamel of Kathmandu. This bank is established by intellectuals and experts from various fields to provide modern banking services to the general public and promote the tourism industry. The bank has authorised capital Rs 10.28 billion with Rs 6.4 billion as issue capital and Rs 4 billion paid-up capital. TDB will issue 37.5 per cent of the paid-up capital to the public within two years. The bank has a nine-member board headed by Dr Pushpa Kandel.
KATHMANDU: Gorkha Finance Ltd (GFL) has appointed Growmore Merchant Banker (GMB) Durbarmarg as issue manger for its rights shares. GFL will be issuing 6,91,423 rights shares with a face value of Rs 100 per unit. GMB’s sales manager Kabindra Dhwoj Joshi and GFL’s Kalyan Bahadur Karki inked the MoU.