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    Facebook said the outage, which lasted nearly six hours, was caused by a “faulty configuration modification.”

    It was a "faulty configuration change" that caused a nearly six-hour outage on Monday, which prevented the company's 3.5 billion users from accessing the company's social media and messaging services such as WhatsApp, Instagram and Messenger. The outage was...

    After a 30% rights offering, Chhyangdi Hydropower (CHL) proposes issuing an additional 40% of rights

    After already-endorsed 30 percent right shares, Chhyangdi Hydropower Company Limited (CHL) has proposed issuing 40 percent right shares on the paid-up capital. On Poush 29, 2076, the 6th Annual General Meeting (AGM) approved a 30 percent right share on the...

    The Electricity Regulatory Commission (ERC) has announced a liberal policy on the issuance of right shares to hydropower companies.

    The pre-approval and regulation directive on the public offer of shares in electricity-related firms, 2078 BS, has been approved by the Electricity Regulatory Commission. The decision was agreed by the commission during its meeting on Ashwin 06th. The commission has...

    China’s “long-term aims” are the driving force behind its trade diplomacy in Myanmar and Nepal

    China has formed "long-term strategic aims" in South Asia, with the possible goal of encircling India. In order to gain strategic influence in the region, China is pouring large amounts of money into the region through trade diplomacy. The Irrawaddy...

    Namaste Pay – NTC’s Digital Payment Platform to go commercial from today

    Nepal Telecom (NT) is preparing to launch its digital payment service Namaste Pay in the business market starting today. NT had previously conducted successful first testing of the service among its own internal staff members. One of the most advantageous...

    The Deuba-led government has unveiled a revised budget of Rs 1.632 trillion

    For the fiscal year 2021-22, the government has proposed a new budget, which amends the prior ordinance budget introduced by the former KP Oli administration. The Finance Minister tabled the budget substitution bill on Friday afternoon, despite opposition from members...

    Credit-X is implemented by Progressive Finance Ltd.

    Progressive Finance Ltd. partnered with S.B Solutions, an associate company of DigiHub Pvt. Ltd., to implement and go live with the Credit-X (Loan Automation System) to automate and digitise processes such as Internal Loan Workflow, Risk Assessment, Credit Documentation,...

    Global IME Bank has introduced an internal tourism promotion scheme.

    Employees in Global IME are required to take at least 7 days off to visit an internal tourism site, according to the bank. The bank stated that the plan was devised in light of the current circumstances, which has seen...

    Provocative Approach of the G7 Summit and China’s Response

    While the world faces numerous challenges, including the devastating effects of Covid-19, the leaders of the G7 summit have shifted their focus to China. These leaders have deviated from real issues and appear to be entering a new cold...

    The UN passes a resolution prohibiting the supply of arms to Myanmar.

    KATHMANDU, Nepal – The United Nations has passed a resolution prohibiting the export of arms to Myanmar. In response to this year's military coup, the United Nations has stated that it will not supply arms to the country's military. The...

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