Molung Hydropower Company Limited is completing the distribution of 8,02,500 IPO shares to project-affected locals today, on Magh 15, 2079. The issue had begun on the 19th of Poush, 2079. The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit shares worth Rs. 8.02 crores, have been allocated to project-affected Okhaldhunga […]
The Electricity Regulatory Commission has given preliminary approval to Api Power Company Limited (API) to issue 16,533,137 units of right shares. On February 2, the board of directors proposed issuing 40% of the paid-up capital in right shares. After adjusting for 7.5% bonus shares, the company’s paid-up capital will be Rs. 4.13 Arba. As a result of the 1:0.40 (40% rights issue), the company’s paid-up capital will be increased to Rs. 5.78 Arba. The company proposed issuing the right shares to pay off the debt of the projects that it is producing.
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has begun distributing 5% cash dividends to its shareholders’ bank accounts as of today (15th Magh) and has urged them to dematerialize their shares. On Poush 30, 2079, the company held its 10th AGM for the fiscal year 2078/79. The board of directors approved a 30% dividend for
NIBL Ace Capital Limited, a leading merchant banking and Inveent banking company, has provided its clients with a variety of financial services over the years. Portfolio Management Service (PMS) is one of these profitable services that has assisted many people in achieving their goals with a well-balanced risk and return. In addition to investment banking,
NEPSE traded only four days this week because to the national holiday on Sunday. This week, the index finished at 2,183.21, up 4.40 points (0.20%). Last week, the index finished at 2,178.81, up 1.37% from the previous week. This week, the index reached a high of 2,202.26 and a low of 2,140.18, resulting in 62.08
Mahalaxmi Bikas Bank Limited (MLBL) has delivered 6.47% cash dividends straight to its shareholders’ bank accounts and asked them to dematerialize their shares. On Poush 29, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 10.47% dividend for fiscal year 2078/79. The 548th board of directors meeting, held on Poush 01, resolved to issue a dividend of 10.47% of the Fiscal Year 2078/79. Similarly, a cash dividend of 6.47% and bonus shares of 4% were proposed from the Rs. 4.01 Arba paid-up capital. The same cash dividend is now being paid out.
Today’s gold price has dropped by Rs. 1,100 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 105,800 per tola. Yesterday, the rate remained unchanged at Rs. 1,06,900 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,300. In contrast, the
Paypal is not available in Nepal. Now that the government have given permission to several banks to issue dollar cards to Nepali citizens, Paypal might start looking at supporting Nepali market as well. However, being a small country, a tiny market for Paypal and strict NRB policies, it could not be possible anytime soon.
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal. A few highlights on the ban: Laws of Nepal: The
Have you decided to invest in the stock market? Consider these 7 stock market investing tips when making your investments. 1. Have a solid comprehension of basic economic principals. Before you get started, you should understand basic principals and laws of economics. The stock market closely follows the law of supply and demand. For example, when
For those who are unfamiliar with the domaining business, it entails buying, selling, developing, and monetizing domain names. It is, in fact, a BIG business with the potential to earn you a million dollars. You may not believe me, but when you consider that AsSeenOnTv.com was sold for $5.1 million, Autos.com was sold for $2.2
Before we get into how to become an investor in Nepal, it’s important to understand who an investor is. An investor is someone who puts money into something with the hope of profiting in the future. A return is the benefit derived from such an investment. Investors are always on the lookout for high-yielding investment
