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Taj withdrew from Nuwara Eliya following public protests

India's Taj Hotel group had plans to construct a hotel in Nuwara Eliya around the post office but withdrew following protests by the public, President Ranil Wickremesinghe said.

Speaking in Nuwara Eliya, the President said that if the Taj Hotel had opened in Nuwara Eliya another two hotels would ....

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WKND Conversation: Meet Binod Chaudhary, Nepal's first and only billionaire


Joydeep Sen Gupta/Dubai
Photo by Shihab
(Shihab)
Nepali entrepreneur Binod Chaudhary, on building an empire tapping on gastronomical cravings and why Taj JLT is a culmination of a life-long dream
Dr Binod Chaudhary, 65, is Nepal’s biggest export to the world after Mount Everest. Chaudhary, whose net worth is estimated at $1.6 billion (Dh5.88b), is the picturesque yet impoverished Himalayan nation’s first and only billionaire and has accumulated his wealth over the past four decades.
The affable and dapper Chaudhary, the head of CG Corp Global, is a proud third-generation Nepalese national of Indian descent. His grandfather, who belonged to Churi-Ajitgarh village from Rajasthan, had shifted his base to Nepal around 140 years ago to set up a textile business. Chaudhary, who is ethnically a Marwari, has business in his gene. He reminisces about bootstrapping his fanciful business concepts into a money-spinning reality. Wealth creation, he recalls, is his ....

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