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Business

National

BIZ BRIEFS: Godrej's new offerings

THT

KATHMANDU: In a bid to establish a deeper familiarity in Nepal, Godrej Locking Solutions and Systems (GLSS) will officially launch its new series of locks on Friday, in Kathmandu. ...Full story

Profitability of banks down to 19.23pc last fiscal ... KATHMANDU: Profitability of commercial banks took a beating last fiscal year, as capital fund bulged, while earnings grew moderately. Average return on equity (RoE) &mdas ...Full story

Australia says Bitcoin not taxable as currency SYDNEY: Crypto-currencies such as Bitcoin should not be considered as money or a foreign currency when it comes to taxation, Australia’s tax authority rul ...Full story

Profit growth rate of banks decreases KATHMANDU: Profit growth rate of commercial banks fell massively in the last fiscal year, as two class ‘A’ financial institutions booked a net loss ...Full story

IT experts pile pressure for registration of 'CA ... KATHMANDU: Representatives of Computer Association of Nepal (CAN), on Wednesday, said they will be forced to launch a protest, if the government does not regist ...Full story

International

India to tighten banking risk manag ...

THT

NEW DELHI: Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector, responding to recent scandals that ha ...Full story

Sri Lanka exports jump on US‚ Europe demand ... Colombo: Sri Lanka’s trade deficit narrowed substantially this year thanks to increased demand for clothing exports to the United States and Europe, its c ...Full story

China fines Japanese auto parts firms SHANGHAI: China has fined 10 Japanese auto parts firms more than $200 million in total for price-fixing, authorities said on Wednesday, reportedly the biggest-e ...Full story

IFC launches $2.5 billion bonds NEW DELHI: The World Bank’s private-sector financing arm on Wednesday launched $2.5 billion, Indian rupee-denominated, bonds in the Indian market to fund ...Full story

Xi promises to rein in executive pay BEIJING: China’s president has promised to rein in ‘unreasonably high’ pay for executives at state companies in an apparent effort to mollify ...Full story