Chinese company helps to build ‘Digital Nepal’ Jaguar Land Rover reports annual losses

China Communications Services International Ltd began laying optical fibers along a highway connecting the eastern and western border of Nepal for Nepal Telecom (NT), one of the biggest telecom service providers in the Himalayan country. The Chinese company is responsible for laying 555 kilometers of optical fiber out of the planned 2,179-km fiber from Chiyabhanjyang in eastern Panchthar district to Arughat in western Gorkha district along the Jaguar Land Rover posted an annual loss of 3.6 billion pounds ($4.58 billion) in its latest financial year despite a profit of 120 million pounds in the final quarter, the company said on Monday. In the financial year ending on March 31, the company had a pretax loss of 358 million pounds, a previously-announced third quarter noncash impairment charge of 3.1 billion pounds and the redundancy costs