New bank
Citizens Bank International is Nepal's newest commercial bank. The bank provides home loans on a tenure of 25 years, the longest of any commercial bank, at interest rates ranging from 7.75 to 10 percent. Other services include vehicle and education loans, ATM facilities, SMS banking, remittance services, and internet banking.
Ohm
Ohm Solutions is the sole authorised distributor of ZTE brand mobile phones. ZTE is China's largest listed telecoms manufacturer and offers CDMA, GSM, and PHS technology products. Ohm Solutions will market at least five different models of ZTE mobile phones from its showroom in the Computerland building at Ramshahpath.
Pokhara Laxmi
Laxmi Bank has opened its second branch in Pokhara, bringing the total number of branches it has to nine. The new branch, located in Pokhara's Industrial District in Kundahar, is Laxmi's fourth in the last six months.
Grade A
Wai Wai now comes fortified with Vitamin A, in addition to the extra calcium and protein the noodles already contain. Every flavoured oil packet inside all Wai Wai, Wai Wai Quick, and Wai Wai Tenz noodles contains approximately 150-200 IU Vitamin A. The vitamin helps improve the immune system and eyesight.
NEW PRODUCTS
ACE: Tata Motors has launched the TATA Ace in Nepal. After Sri Lanka, Nepal is the second international market for this pickup. Ace has a 16bhp IDI 700cc diesel engine, and is priced at Rs 690,000. The Ace is sold through Sipradi Trading and comes with a warranty of 36,000km or 12 months, whichever comes first. Over 95,000 units of the pickup have already been sold in India and Sri Lanka.