Issuing a press statement, the company said it had appointed NIDC Capital Market as the issue manager for the IPO worth Rs 108 million. [break]
Prime Life has paid-up capital of Rs 252 million. The company has issued 181,000 insurance policies and collected premium of Rs 488 million as of mid-February 2010, says the statement, adding that the company operates with 44 contact offices and points all over the country.
Good Morning Milk launched
KATHMANDU, Feb 15: Modern Dairy Industries has launched Good Morning brand of milk in the market.
The dairy has started operations from its highly sophisticated plant at Gundu, Bhaktapur and aims to meet the rising demand for high quality fresh milk and milk products.
Issuing a press statement, the company said the milk is produced under stringent quality control and is pasteurized, homogenized and processed in the most hygienic conditions preserving its freshness and purity.
“Full of natural goodness of pure milk, Good Morning milk is recommended for use of all types of consumptions,” the statement added. The milk is available in 500 ml pack.
The company plans to launch curd, ghee and other dairy products in the future.
JCB opens office in Itahari
KATHMANDU, Feb 15: Morang Auto Works, the sole authorized dealer of JCB India Ltd for Nepal, opened JCB office in Itahari in Sunsari.
The new office deals with facilities like sales, service and spare parts for JCB products in eastern Nepal.
Sunil Agrawal, managing director of, Eastern Engineering Works, and Sandip Chachan, deputy general manager of Morang Auto Works´ construction and heavy equipment division jointly inaugurated the office.
Eastern Engineering Works is the authorized resellers for JCB products. Morang Auto has branch offices in Butwal and Birgunj with head office in Kathmandu. It plans to open two more branch offices in Pokhara and Dhangadhi.
NIBL in Lazimpat
KATHMANDU, Feb 15: Nepal Investment Bank Limited (NIBL) opened its 36th branch in Lazimpat, Kathmandu on Monday.
The new branch is the corporate headquarter of the bank and the bank has also moved its corporate, credit and administration and loan and administration departments to the new branch from Durbar Marg branch.
The branch office, with its spacious size, provides deposit and credit facility, foreign exchange, retail banking, import, export, letters of credit, guarantees and remittances, locker facility, 365 days service, ATM facility, multiple teller counters, among other updated banking services.
New chopper in Air Dynasty´s fleet
KATHMANDU, Feb 15: Air Dynasty Heli Services has added a brand new AS 350B2 helicopter in its fleet. The new chopper was acquired from Eurocopter South East Asia, Singapore.
With the addition of new chopper, Air Dynasty now has four choppers in its fleet. “The main purpose of helicopter operation is not only to extend pleasure flights to clients, but most importantly, to extend emergency, rescue and medical evacuation flights to those who need it,” the company said in a statement Monday.
The company is providing uninterrupted helicopter service for the last 17 years.
Mobile Tron announces winners
KATHMANDU, Feb 15: Mobile Tron, the authorized retail partner of Nokia phones for Nepal, Monday awarded gifts and prizes to 14 couples as a part of its Valentine´s offer.
The lucky winners attended the dinner party organized by Mobile Tron at Hotel Soaltee Crown Plaza, the company said in a statement Monday.
According to the company, winners were chosen from the customers who had purchased Nokia phones worth Rs 10,000 or above from Mobile Tron outlets at City Center and Tamrakar Complex.
Ambe starts booking
KATHMANDU, Feb 15: Ambe Residency Monday opened bookings for its new apartments at Chabahil.
The company claims that it has taken care of every facility required for standard living style.
Ambe Residency is promoted by Ambe Steels, which has been manufacturing Ambe steels and Ambe cement.
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