Kathmandu / DPA Nepal’s domestic air passenger movement continued to shrink for four straight years, dropping 5.96 per cent in 2015, as a series of disasters struck the country denting travel demand. According to the data of Tribhuvan International Airport (TIA), domestic carriers received 86,510 less flyers last year. These airlines carried 1.36 million passengers in 2015 against 1.45 million ...

Islamabad / Bloomberg Pakistan’s central bank left interest rates unchanged for a third straight meeting to contain a rebound in inflation and support the rupee. The State Bank of Pakistan kept the target policy rate at 6 percent, Governor Ashraf Mahmood Wathra said in a statement in Karachi on Saturday. The move was predicted by 18 of 19 analysts in ...

New Delhi / Bloomberg Bharti Airtel Ltd., India’s largest wireless operator, said it will buy airwaves from Aircel Ltd. taking its spectrum acquisitions this year to $1.2 billion as it prepares to counter Reliance Industries Ltd. that’s starting fourth-generation wireless services this year. The company controlled by billionaire Chairman Sunil Mittal will spend $524 million to purchase airwaves from Aircel ...