EBL's Rs 10m support

KATHMANDU:

Everest Bank Ltd (EBL) has announced relief fund of Rs 10 million for the support and rehabilitation of the victims of the devastating earthquake of April 25. Out of the mentioned package, Rs five million shall be donated to the account of Prime Minister’s Disaster Relief Fund maintained with the bank, as per the statement issued on Friday. The remaining fund will be channelised for the rehabilitation of the victims by way of sending support directly or through government agencies and NGOs to the affected areas. In its effort to support the affected in the best possible way, the bank from April 26 provided uninterrupted banking services from almost all outlets. Simultaneously, the bank maintained relief accounts both in Nepal and India to collect relief funds for victims. The bank also offered free remittance facility for one month to facilitate inward remittance, the statement adds. — HNS

HUL profit rises

MUMBAI:

Hindustan Unilever Ltd (HUL), the Indian unit of Anglo-Dutch consumer group Unilever Plc, reported a higher quarterly profit that beat market expectations as shoppers bought more of its soaps, shampoos and other personal care products after months of thrift. Shares in the company rose 3.3 per cent to INR 894.55 on the National Stock Exchange. — Reuters

US adds new jobs

WASHINGTON:

The US economy pumped out a solid 223,000 net new jobs in April, rebounding modestly from a dismal March, the Labour Department reported on Friday. The jobless rate fell to a seven-year low of 5.4 per cent, down 0.1 percentage point from the previous month.

The gains were roughly in line with expectations. — AFP

Source: THT