Month: August 2023
“SEED Energy Joins Forces with NMB Capital for IPO Advisory”
SEED Energy Limited, a company supported by SEED Investment Private Limited, has joined forces with Nepal’s renowned merchant bank, NMB Capital Limited. This exciting collaboration marks a significant step as SEED Energy gets ready to introduce its ordinary shares to the public through an Initial Public Offering (IPO). This move is part of SEED […]
Read More
“Nepal’s 2022/23 Macroeconomic and Financial Report Released by Central Bank”
Nepal Rastra Bank has reported that inflation was around 7.74 percent year-on-year. The country’s foreign exchange reserves were at USD 11.74 billion. However, both imports and exports saw declines, with imports dropping by 16.1 percent and exports decreasing by 21.4 percent. This is in contrast to the previous year when imports had increased by […]
Read More
“Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”
Upper Tamakoshi Hydropower Limited has released an offer letter to introduce its 100% rights shares. As per the publicly disclosed offer letter, the company plans to accept applications for these right shares at a 1:1 ratio, or 100%, from the 18th of Bhadra to the 7th of Ashwin, 2080. The hydropower firm intends to […]
Read More
“CASBA/Meroshare Settlements Impacted by Technical Issue”
A recent technical issue has temporarily affected the CASBA/Meroshare application’s settlement procedures. This problem has caused delays in the settlement processes. The team is actively working to fix the issue, and further information will be provided once the matter is resolved.
Read More
“Himalayan 80-20 Public Offering: Your Comprehensive Guide”
The “Himalayan 80-20” mutual fund scheme is backed by Himalayan Bank and overseen by Himalayan Capital. This marks the debut mutual fund for Himalayan Capital. Himalayan Bank Limited, founded in 1993 as a partnership with Pakistan’s Habib Bank Limited, has been a prominent force in Nepal’s banking sector. The bank has consistently led by […]
Read More
“Nepal-Bangladesh Power Deal: 40 MW Export in First Phase Marks Milestone Agreement”
A recent multi-party agreement has been established to enable electricity supply from Nepal to Bangladesh. The agreement involves Nepal, India, and Bangladesh, and is considered a preliminary step. The Ministry of Energy, Water Resources, and Irrigation has disclosed that the initial phase will see Bangladesh purchasing 40 megawatts of electricity from Nepal.
Read More
“NEPSE Ends Positive: Up 8.01 Points, Turnover at Rs 1.54”
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,033.13 points, marking a gain of 8.01 points or 0.39% from the previous day’s close. This bounce back follows a 20.31-point dip in the index during the previous trading session. The day started with the index opening at 2,025.98 and reaching a peak […]
Read More
“Samudayik Laghubitta and Prabhu Life Insurance Bonus Shares Listed on NEPSE”
Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has recently listed 1,32,000 units of bonus shares on the Nepal Stock Exchange (NEPSE). During their 9th Annual General Meeting held on the 22nd of Ashad, 2080, the company approved a 15% dividend for the fiscal year 2078/79. This dividend will be distributed based on the company’s paid-up capital […]
Read More
“Nepal Oil Corporation Raises Petrol and Diesel Prices”
Nepal Oil Corporation (NOC) recently raised the prices of petrol and diesel, causing a stir in the local market. The corporation’s board meeting, held on Tuesday, led to a unanimous decision to adjust prices. Diesel and kerosene prices surged by Rs. 14 per liter, while petrol increased by Rs. 5 per liter. As a […]
Read More
“RADHI Reports Q4 Profit; Slight Dip in Revenue from Power Sales”
Radhi Bidyut Company Limited (RADHI) has reported a remarkable 121.33 percent increase in its net profits during the fourth quarter, reaching Rs. 11.27 crores for FY 2079-80. This substantial growth contrasts with the Rs. 5.09 crores earned in the same period of the previous fiscal year, 2078-79. The company’s primary income source, power sales, has […]
Read More