Month: April 2024
Vishal Group Limited to Auction Promoter Shares of Nepal Reinsurance Company Limited
Vishal Group Limited has initiated the auction of 11,00,000 units of promoter shares of Nepal Reinsurance Company Limited (NRIC). This auction, which commenced on 18th Baisakh, will continue until 26th Baisakh, 2081. Interested promoter shareholders and institutions have the opportunity to participate in this auction, with a minimum bid rate set at Rs. 280 per […]
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Himalayan Laghubitta Bittiya Sanstha Q3 Report: Impressive Surge in Net Profit
Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) has unveiled its third-quarter financial report for the fiscal year 2080/2081, showcasing an impressive 73.87% surge in net profit, despite challenges in the economic landscape. The company’s net profit surged to Rs. 1.13 crore, marking a substantial increase from Rs. 65.55 lakhs reported in the corresponding quarter of the […]
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NEPSE Index Rises by 1.30%: Market Update
The Nepal Stock Exchange (NEPSE) Index witnessed a notable gain of 1.30%, equivalent to 25.93 points, settling at 2,006.28 points at the close of trading today. This increase follows a marginal gain of 0.07 points in the previous session, reflecting positive momentum in the stock market. Starting the trading day at 1,991.51 points, the NEPSE […]
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LICN Announces No Dividend Distribution for FY 2079/80
Life Insurance Corporation Nepal Limited (LICN) has announced that it will not be distributing any dividends for the Fiscal Year 2079/80. This decision was made during the 132nd Board Meeting held on Baishakh 17, 2081. In a recent corporate development, LICN revealed that the company’s board of directors has decided against distributing dividends for the […]
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Global IME Bank Launches “Global Green Home Loan Scheme” for Eco-Friendly Residences
Global IME Bank Limited (GBIME) has recently introduced the “Global Green Home Loan Scheme,” offering competitive interest rates and additional benefits to support eco-friendly residences. With an attractive fixed interest rate of 8.99% for up to 7 years, eligible borrowers can access loans of up to 12 crore rupees under this scheme. This initiative is […]
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IME Life Insurance Reports Impressive Q3 Profits
IME Life Insurance Company Limited (ILI) has announced its third-quarter financial results for the fiscal year 2080/2081, showcasing a remarkable surge of 75.79% in net profit. The company’s net profit surged to Rs. 33.15 crores from Rs. 18.86 crores in the corresponding quarter of the previous fiscal year, demonstrating strong growth and financial performance. ILI’s […]
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Sun Nepal Life Insurance to Hold 7th AGM, Declares Dividend and Bonus Shares
Sun Nepal Life Insurance Company Limited (SNLI) has announced its 7th Annual General Meeting (AGM) scheduled for the 9th of Jestha, 2081. The meeting will take place at Amritbhog Catering, Kalikasthan, Kathmandu, commencing at 10:00 AM. One of the key agendas for the AGM is the endorsement of a 25.0526% dividend for the fiscal year […]
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Aatmanirbhar Laghubitta Bittiya Sanstha (ANLB) Reports Decline in Q3 Net Profit
Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) has released its third-quarter financial report for the fiscal year 2080/81, revealing a significant decline in net profit. The company reported a net profit of Rs. 1.27 Crores, marking a noteworthy 71.52% decrease compared to the previous fiscal year’s corresponding quarter, where the profit stood at Rs. 4.46 crores. […]
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Gold Prices Surge, Silver Slips: Latest Market Updates
Today, there’s a notable shift in the prices of gold and silver, as gold rates witness an increase while silver prices take a dip. According to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current price of gold has surged by Rs. 400 per tola compared to yesterday’s […]
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USHL’s Q3 Financial Report Shows Improvement Despite Challenges
In a recent update, Upper Syange Hydropower Limited (USHL) shared its unaudited third-quarter financial report for the fiscal year 2080/2081, displaying signs of progress amidst ongoing challenges. Despite facing hurdles, the company reported a notable improvement in its financial performance compared to the same period last year. The disclosed report unveils a significant decrease in […]
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