Month: September 2024
Nepal’s Commercial Banks Reduce Base Interest Rates to 7.92%
Commercial banks in Nepal have lowered their average base interest rate to 7.92% for the period between mid-August and mid-September. This marks a decrease of 0.25 percentage points from the previous months, driven by an excess of loanable funds. The reduction indicates that lending rates may also fall in the near future. According to data […]
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Sharepro Securities Holds 2nd AGM for FY 2080/81
Sharepro Securities Pvt. Limited (Broker No. 65) successfully conducted its 2nd Annual General Meeting (AGM) for the fiscal year 2080/81 on Ashwin 11, 2081, at Sampada Garden Hotel, Lazimpat. During the AGM, the annual report and financial statements for FY 2080/81 were presented by the Chairman on behalf of the Board of Directors. The meeting […]
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KMC Bans 11 Drinking Water Brands After Detecting Fecal Contamination
The Kathmandu Metropolitan City (KMC) has prohibited the sale and distribution of 11 drinking water brands after finding fecal coliform contamination in their samples. Each of these companies has been fined Rs 200,000 and directed to deposit the amount into KMC’s revenue account. The contaminated water samples were collected between August 29 and September 13. […]
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Gold Prices in Nepal See Slight Drop
The gold market in Nepal has seen a minor decline as prices drop by Rs. 600 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now priced at Rs. 1,60,600 per tola, down from Rs. 1,61,200. Tejabi gold also witnessed a dip, currently valued at Rs. 1,59,900 […]
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Ru Ru Jalbidhyut Proposes 15.789% Dividend, Plans 80% Rights Issue
Ru Ru Jalbidhyut Pariyojana Limited (RURU) has announced a 15.789% dividend for the fiscal year 2080/81 and scheduled its 19th Annual General Meeting (AGM) for Kartik 11, 2081. The meeting will take place at Lisara Banquet, Naxal, Kathmandu, at 11 AM. The company has proposed a 15% bonus share distribution and a 0.789% cash dividend […]
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Nepal Stock Exchange (NEPSE) Index Drops 22.36 Points, Closes at 2,464.40
The NEPSE Index continued its downward trend, losing 22.36 points (0.89%) and closing at 2,464.40 after a 32.81-point drop in the previous session. The index fluctuated throughout the trading day, opening at 2,483.91 points, peaking at 2,494.57, and dipping to a low of 2,442.63 before settling. Today’s session witnessed the trading of 327 scrips through […]
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Dividend Proposal of Api Power Canceled by Regulatory Commission
The dividend proposal of Api Power Company Limited (API) has been officially canceled by the Electricity Regulatory Commission (ERC). Previously, during the 4th board meeting held on Bhadra 07, the company had recommended a 9.4737% dividend for the fiscal year 2080/81, which included 9% bonus shares and a 0.4737% cash dividend. The company’s paid-up capital […]
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Arun Kabeli Power Calls 14th AGM with Focus on Hydropower Development
Arun Kabeli Power Limited (AKPL) has scheduled its 14th Annual General Meeting (AGM) for 4th Kartik, 2081. The meeting will take place at Hotel Crystal Pashupati in Gaushala, Kathmandu, starting at 11 a.m. on the designated date. Key agendas for the AGM include the endorsement of the company’s annual report, auditor’s report, profit and loss […]
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NEPSE Index Faces a 3.49% Decline Amidst Market Volatility
This week, the NEPSE Index closed at 2,486.76, reflecting a significant drop of 90 points or 3.49%. Last week, the index stood at 2,576.76, having already experienced a decline of 4.16% from the previous period. Throughout the week, the market showed increased volatility, with the index hitting a high of 2,643.51 and a low of […]
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Gold Prices in Nepal Surge to Record Highs
Gold prices in Nepal have reached new heights, with the market continuing its upward trend on September 27, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of fine gold rose to Rs. 1,61,200 per tola, marking a Rs. 500 increase from Rs. 1,60,700 the previous day. Tejabi gold […]
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