Month: September 2023
“Hathway Investment Nepal IPO Oversubscribed 8.75 Times, Collects Rs. 1.06 Arba in Three Days”
CDS & Clearing Limited (CDSC) has provided an update on the public IPO collection of Hathway Investment Nepal Limited as of 10 am on Bhadra 24. Hathway Investment Nepal Limited had initiated the issuance of 24,27,750 unit IPO shares, each with a face value of NPR 50, to the general public starting from Bhadra 21, […]
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“Advanced Automobiles Partners with Sanima Bank for Affordable Renault Vehicle Loans”
Advanced Automobiles, the official distributor of Renault in Nepal, has entered into an auto loan partnership with Sanima Bank. This collaboration comes as the festive season approaches and the highly anticipated NADA Auto Show draws near. The primary aim of this agreement is to offer vehicle loans to Nepali customers at reduced interest rates. The […]
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“Nepal Life Insurance Partners with Red Cross for Dudhkunda Health Camp”
Nepal Life Insurance, in collaboration with the Nepal Red Cross Society, conducted a free primary health camp at Dudhkunda in Solukhumbu district. This remote location sits at an elevation of 4,632 meters above sea level. The health camp was held from Shrawan 11 to 14, 2080, primarily aimed at providing essential medical services to pilgrims. […]
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“Nepal Finance Limited’s 40,245 Auctioned Right Shares Now Listed on NEPSE”
Nepal Finance Limited (NFS) recently added 40,245 units of right shares to the Nepal Stock Exchange (NEPSE). NFS had initially offered its existing shareholders a 1:0.70 ratio of right shares between the 6th to 26th Jestha, 2079. However, a substantial portion of these shares, totaling 11,36,716.187 units, remained unsold. To address this, NFS conducted […]
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Nepal and India Launch Cross Border QR Payments for Seamless Digital Transactions
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 […]
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Samsung prepares to launch 5G technology in Nepal, aiming to provide fast and reliable mobile internet through the new network
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 […]
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“Gold Drops by Rs.700 Per Tola, Silver Down Rs.35 Per Tola in Nepalese Market Today”
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. […]
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“NEPSE Drops 28.92 Points; SPL Stands Out with Positive Circuit Amid Hydel Challenges”
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 […]
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“Final Day for Citizen Life Insurance IPO Applications; Oversubscribed 1.38 Times with 11.07 Lakh Applicants”
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 […]
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“Api Power Company’s 1:0.40 Rights Offering Closes Today”
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 […]
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