The Insurance Authority has recently prioritized working with micro-insurance companies. The authority recently granted licenses to seven new microinsurance companies.
Previously, the Nepal Insurance Authority issued a notice inviting applications from companies interested in operating a micro-insurance company in Nepal. Similarly, three micro life insurance companies and four micro non-life insurance companies were chosen to conduct micro insurance activities in Nepal.
NMB Bank Ltd issued 40 lakh units of Debenture totaling Rs. 4,00,00,00,000 under the issue and sales management of NIBL Ace Capital Limited (Four Arba Rupees Only). The debenture has a 10-year term and pays 10.75% interest per year.
The “NMB Debenture 10.75% – 2089/2090” issue was opened on 2079/12/21, was oversubscribed in 4 days, and was closed on 2079/12/
Nepal’s leading e-commerce platform, Daraz, has announced the exclusive launch of the “Nothing Phone 1” in Nepal on April 11. The Nothing Phone 1 is the first product from the new technology venture “Nothing,” founded by the co-founder of OnePlus, Carl Pei. This much-anticipated smartphone will be available exclusively on Daraz for Nepalese customers.
The Nothing Phone 1 is an exceptional smartphone that stands out in terms of design, features, and innovation. This phone has a sleek and elegant design with a transparent back panel, giving it a futuristic and premium look. The Nothing Phone 1 is equipped with a 6.67-inch Full HD+ AMOLED display, providing an immersive viewing experience with rich colors and sharp details. The phone’s display also has a 120Hz refresh rate, making it perfect for gaming and smooth scrolling.
The phone is powered by a Qualcomm Snapdragon 870 processor, which provides lightning-fast performance and efficient power consumption. The Nothing Phone 1 is available in two variants: 8GB RAM with 128GB storage and 12GB RAM with 256GB storage. The phone runs on Android 11 with a custom skin called “Nothing UI,” which is designed to provide a clean and simple user interface.
One of the most exciting features of the Nothing Phone 1 is its camera setup. The phone has a triple-camera setup, including a 64-megapixel primary camera, a 12-megapixel ultra-wide-angle lens, and a 5-megapixel macro lens. The phone’s camera is also equipped with several AI features, including AI scene detection, AI beautification, and more.
The Nothing Phone 1 also has a large 4,500mAh battery with support for 65W fast charging, which allows you to charge the phone from 0% to 100% in just 35 minutes. The phone also has support for 5G, making it future-proof and ready for the next generation of mobile networks.
The anticipated cost of the 8/128GB version of the Nothing Phone (1) in Nepal is approximately Rs. 55,999. Meanwhile, the Indian market offers the same variant starting at INR 32,999, with the 8/256GB option priced at INR 35,999 and the top-of-the-line 12/256GB variant at INR 38,999. This phone comes in two color options, Black and White. The Nothing Phone (1) is set to arrive in Nepal via Daraz on April 11th, and we anticipate that the smartphone will be more reasonably priced.
The Special General Meeting (SGM) of Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) and Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for 10th Baisakh, 2080. The MMFDB meeting will be held at Hotel Sarathi in Dhulikhel, while the NLBBL meeting will be held at Udhyog Sangathan Morang in Biratnagar. The MMFDB meeting will begin at 12:30 PM that day, while the NLBBL meeting will begin at 11 AM.
Siddhartha Capital Limited is launching the closed-end mutual fund scheme “Siddhartha Investment Growth Scheme 3” today, on the 26th Chaitra, and will close on the 29th Chaitra, 2079. If the issue is not fully subscribed by the early closing date, it may be extended until Baisakh 10.
10%, or 1.2 crore units worth Rs. 12 crores, have been allocated to the fund promoter Siddhartha Bank Limited, while 5%, or 60 lakh units, have been allocated to the fund manager Siddhartha Capital. As a result, the remaining 10.20 crore units will be made available to the gen
On Chaitra 24, 2079, Nepal Investment Mega Bank opened its new extension counter at Belbari nagarpalika-9 Dangihat in Morang.
According to a media statement, the latest facility was jointly inaugurated by Koshi province head of the bank Mr. Rajeev Gajurel and Nagarpalika mayor Mr. Dil Prasad Rai during a program.
The bank’s network currently includes 296 branches and 51 extension counters.
Ganapati Laghubitta held its 6th AGM on Chaitra 25, 2079, under the chairmanship of Ms. Archana Pradhan.
According to the media statement, the AGM approved all fiscal and other reports presented by microfinance officials.
For the fiscal year 2078/79, Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has reduced the dividend percentage from 21.05263% to 15%.
Previously, from the paid-up capital of Rs. 13.20 crores, 10% bonus shares worth Rs. 1.32 crores and 11.05263% cash dividend (tax purposes) worth Rs. 1.45 crores were proposed.
The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status.
The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Global IME Capital. Global IME Bank, on the other hand, is the scheme’s Fund Sponsor.
Sanima Middle Tamor Hydropower Limited (TAMOR) has listed 33,325,000 unit IPO shares on NEPSE. This includes promoter shares as well as shares issued to the general public and project-affected locals.
The initial transaction price range is Rs. 98.43 to Rs. 295.29. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.
NEPSE has listed 8,39,482.225 unit bonus shares of Ngadi Group Power Limited (NGPL).
On the 25th of Falgun, the hydropower company held its 9th AGM and approved a 5% dividend for fiscal year 2078/79. On Falgun 1, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.76 Arba. Tax-free bonus shares of 4.75% and a cash dividend of 0.25% were proposed. NEPSE now lists the same bonus shares.
The NEPSE index closed at 1,838.48 today, down 28.31 points from the previous trading day’s close. This is a 1.52% decrease. Last Thursday, the index fell 8.28 points.
The index began the day at 1,867.47 and reached an intraday high of 1,869.43. In contrast, it dropped as low as 1,833.68 before closing at 1,838.48.