Day: August 2, 2023
“Nepal Oil Corporation Raises Petroleum Prices, LP Gas Sees Reduction”
Recently, Nepal Oil Corporation raised the prices of petrol by Rs 9 and diesel and kerosene by Rs 7 due to increased prices from India. However, there’s some relief for consumers as the price of LP gas has been reduced by Rs 130 per cylinder. Currently, petrol is priced at Rs 170.50 per liter […]
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“China’s Economy Grapples with Unprecedented Demand Challenge”
China’s current economic situation is unique compared to past crises in other countries. Despite impressive growth in the last four decades, the country is facing a “recessionary growth” issue rather than a full-blown crisis. The main problem is a chronic lack of demand, even as the economy continues to grow. This is evident in […]
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“Gold Price Drops Rs. 600 per Tola on Wednesday”
Today, the price of fine gold (per tola) has dropped by Rs. 600 compared to Tuesday’s trading price. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for fine gold is Rs. 1,12,400 per tola, down from the previous rate of Rs. 1,13,000 per tola.
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“NEPSE Climbs 9.25 Points to Close at 2086.84 Amid Volatile Trading; Market Cap at Rs. 30.67 Kharba.”
On Wednesday, the Nepal Stock Index (NEPSE) recorded a gain of 9.25 points, representing a 0.44 percent increase from the previous day’s closing. The trading session saw the index starting at 2,077.58 and reaching an intraday high of 2,086.84. However, it experienced fluctuations during the day, touching an intraday low of 2,062.00 before eventually […]
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“Synergy Power Development (SPDL) Announces 1:0.5 Right Shares from Shrawan 25”
Synergy Power Development Limited (SPDL) has announced the issuance of its right shares through a public offer letter. The company will be offering existing shareholders the opportunity to apply for additional shares in the ratio of 2:1 (or, 1:0.5). This means for every two shares held, shareholders can apply for one additional share. The application […]
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“Sonapur Minerals Granted IPO Permission”
Sonapur Minerals and Oil Limited has received approval from Nepal’s Securities Board (SEBON) to conduct its Initial Public Offering (IPO) on Shrawan 17. They will issue 1,23,200 unit shares at a premium price. The shares will be offered at Rs 225 per share to locals and employees, and at Rs 237.58 per share to the […]
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