Sebon boss backtracks

KATHMANDU: Securities Board of Nepal’s (Sebon) union and chairman agreed not to take any action against director duo Niraj Giri and Parista Poudel for their ‘alleged’ involvement in agreement with the protesting share investors a week ago. The Sebon union has forced its chairman Dr Soorbir Poudel to take back his action against the directors as they have signed the agreement with protesting investors in good-faith under the initiative of finance ministry after the investors closed the Nepse for a week. The representatives from finance ministry, Nepal Rastra Bank, investors, and Nepse GM had signed a pact to reopen the secondary market. However, Sebon chairman Poudel sought explanation from the directors for signing the agreement.

FedEx most admired

KATHMANDU: FedEx Corporation is ranked 13th among the ‘Top 20 World’s Most Admired Companies’ by Fortune magazine. It has ranked the FedEx among the top 20 companies for the tenth consecutive year. The magazine cited the ability of FedEx to manage costs while maintaining service levels during the economic downturn, as well as increased demand in international business - especially in Asia and Latin America, as enhancing the overall corporate reputation for reliable deliveries. “Although FedEx has been ranked a Fortune World’s Most Admired Companies in the past, this year’s honour is especially meaningful,” said Frederick W Smith, chairman and CEO of FedEx that has consistently ranked in Fortune’s list of the World’s Most Admired Companies and Fortune’s list of America’s Most Admired Companies since 2002 and 2001.

Kumari’s skill training

KATHMANDU: Kumari Bank organised a skill training programme for its female costumers on the occasion of International Women’s Day on Monday. The customers, who had opened Subha Laxmi savings account in the bank were provided cookery training the whole day on Monday at the United World Trade Centre.