Fonepay Payment Service Ltd, Nepal’s Largest Payment Network and NPCI International Payments Ltd (NIPL), the international arm of the of the National Payment Corporation of India, is now ready to launch the first Cross Border QR Payment between Nepal and India. This historic unveiling took place at the Global Fintech Fest 2023, a global gathering […]
Samsung, the leading smartphone brand in Nepal, has always brought innovation in mobile technology. They lead in foldable phones, 5G capabilities, and connected ecosystems. The major telecoms NTC and Ncell use different frequency bands across Nepal. Samsung supports all common bands like 900MHz 2G, 2100MHz 3G, and 1800MHz 4G. In 2020, Samsung first added support
The price of fine gold has fallen by Rs. 700 per tola compared to Tuesday’s trading. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now valued at Rs. 1,12,000 per tola, while tejabi gold is priced at Rs. 111,450. In comparison, on Wednesday, fine gold was at Rs.
The trading session started with the market index opening at 1,960.72 and hitting its highest point of 1,960.78 during the day. However, it also experienced a low point at 1,929.66 before closing at 1,932.45. In terms of trading activity, there were 276 different stocks traded in 32,139 transactions. The total volume of shares traded was
Citizen Life Insurance Company Limited is concluding its public offering of 90,00,000 unit shares starting today, which commenced on the 15th of Bhadra, 2080. The company’s total issued capital is Rs. 3.75 Arba, and out of this, 30%, or 1,12,50,000 unit shares, are being offered to the public, including Nepalese citizens working abroad. Of
Api Power Company Limited (API) is closing the issuance of its ongoing right shares with a ratio of 1:0.40 starting from today, which began on the 31st of Shrawan. Eligible investors are urged to apply for these right shares before the end of banking hours today. Currently, the company has a paid-up capital of
Vision Lumbini Urja Company Limited has initiated an Initial Public Offering (IPO) that is open for subscription from the 19th of Bhadra until the 2nd of Ashwin, 2080. This IPO is available to project-affected locals of Kaski District and Nepalese citizens working abroad. It’s important to note that for residents of Kaski District, if the
ICRA Nepal Limited has given Unitech Hydropower Company Limited an issuer rating of [ICRANP-IR] B+. This rating signifies that Unitech Hydropower Company Limited carries a high risk of not meeting its financial obligations on time. It’s essential to understand that this rating is a general assessment of the company’s creditworthiness and is not
In today’s trading on the Nepal Stock Exchange (NEPSE), the index closed at 1,961.37 points, showing a slight decrease of 6.45 points or 0.32% compared to the previous day. Yesterday, the index had gained 7.04 points. The trading day started with the index opening at 1,966.8 and reached a high point of 1,974.11 during the
Mai Khola Hydropower Limited (MKHL) has scheduled its Annual General Meeting (AGM) for the 9th of Ashwin, 2080. The meeting will take place at Lord Party Venue in Dhumbarahi, Kathmandu, commencing at 9 a.m. The AGM’s agenda includes the following items: 1) Approval of the financial reports for the fiscal year 2079/80. 2) Endorsement
The rights issue began on the 31st of Shrawan and is set to conclude tomorrow, the 19th of Bhadra, 2080, at the close of banking hours. The company’s current paid-up capital is Rs. 4.13 Arba, and it will rise to Rs. 5.78 Arba after the proposed rights issue. In this new offering, the hydropower
Customers can earn a cashback of NPR 100 when they choose to make swift and secure ATM withdrawals or transactions using Point of Sale (POS) terminals. This special offer is available for a limited time. NMB Bank has received the esteemed “Bank of the Year Asia 2021” award from ‘The Banker Magazine’ of The
