KATHMANDU - One of Nepal's oldest and best known industrial houses has targeted neighbour India for rapid expansion in the hospitality industry, planning to build and run 30 hotels in Asia in the next five years, of which at least four will be in India.

KATHMANDU - After suffering attacks and disruptive strikes in Nepals lawless plains for years due to diminishing security and protracted political instability, Indian tobacco major ITCs strategy to safeguard its investments has now been dogged by further obstructions in the hilly west.

KATHMANDU - The fate of eight of Nepals 10 casinos, once a major tourist attraction, lies in jeopardy with the owners failing to pay the money owed to the government by Friday, the deadline set by a parliamentary body.

KATHMANDU - As Nepal's new communist Prime Minister Jhala Nath Khanal assumed office Monday, Nepal's power authorities announced a stringent 14-hour daily electricity blackout, citing the drying up of rivers that are the main source of energy.

KATHMANDU - The chips piled up against Nepal's beleaguered casino industry, the oldest in South Asia, have mounted still more with lawmakers ordering it to quit the capital even as it faces an unequivocal closure this month.
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