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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Sanima Capital Announces Book Closure Date for Mutual Fund Dividend Distribution
Sanima Capital Limited has announced the book closure date for the dividend distribution of its closed-end mutual fund schemes. The book closure date has been set for 26th Bhadra, meaning unit holders who maintain their holdings until 25th Bhadra will be eligible for the dividend payout. In a meeting held on 14th Bhadra, the board […]
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NEPSE Index Drops Sharply by 90.73 Points to Close at 2,739.46
The Nepal Stock Exchange (NEPSE) Index saw a sharp decline today, plunging by 90.73 points, or 3.20%, to close at 2,739.46 points. This significant drop follows a modest gain of 6.90 points in the previous session, where the index ended at 2,830.16 points. The trading session started with the index at 2,860.07 points, but the […]
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Birgunj Transport Office Collects Over Rs 1.5 Billion in FY 2023/24
The Transport Management Office in Birgunj reported a substantial revenue collection of over Rs 1.5 billion for the Fiscal Year 2023/24. This marks an impressive increase of Rs 171.9 million compared to the Rs 1.35 billion collected in the previous fiscal year, according to Kamal Raj Gautam, Chief of the Transport Management Office, Birgunj. The […]
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NEPSE Index Edges Up by 6.90 Points to Close at 2,830.16
The Nepal Stock Exchange (NEPSE) Index experienced a slight rise today, gaining 6.90 points, or 0.24%, to close at 2,830.16 points. This follows a significant 127.32-point increase in the previous session, where the index settled at 2,823.25 points. The trading day started with the index at 2,834.42 points, but the session saw considerable volatility. The […]
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Nepal SBI Bank Partners with Buddha Air for Up to 8% Discounts on Air Tickets
Nepal SBI Bank Limited (SBI) has entered into a strategic partnership with Buddha Air Private Limited, offering exclusive discounts of up to 8% on air tickets for SBI Debit Cardholders and mobile banking users. The Memorandum of Understanding (MoU) was signed by SBI’s Deputy CEO, Rajesh Kumar Panda, and Buddha Air’s Director of Marketing/Sales, Rupesh […]
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Gold Prices Drop by Rs. 300 Per Tola: Fine Gold Now Priced at Rs. 152,000 in Nepal
The fine gold market in Nepal has seen a notable decrease, with prices falling by Rs. 300 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current price of fine gold stands at Rs. 152,000 per tola. This marks a drop from the previous rate of Rs. 152,300 per […]
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Nepal Sees Over 72,000 Foreign Tourists in August 2024
Nepal experienced a significant boost in tourism this August, welcoming 72,719 international tourists, as reported by the Nepal Tourism Board. This represents an 8.29% increase compared to the 67,153 tourists who visited in August 2023. The rise in tourist arrivals is even more impressive when compared to August 2020, during the height of the COVID-19 […]
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NEPSE Index Rebounds by 127.32 Points, Closes at 2,823.25
The Nepal Stock Exchange (NEPSE) Index saw a strong recovery today, surging by 127.32 points, or 4.72%, to end at 2,823.25 points. This positive movement follows two consecutive sessions of losses, including a 53.63-point drop in the previous session, which had left the index at 2,695.93 points. The trading day started with the index at […]
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NRIC Lists Over 60.86 Lakh Bonus Shares on NEPSE
Nepal Reinsurance Company Limited (NRIC) has successfully listed 60,86,433.28 units of bonus shares on the Nepal Stock Exchange (NEPSE). These shares were approved during the company’s 9th Annual General Meeting (AGM) held on 17th Jestha, 2081, where a 5% dividend for the fiscal year 2079/80 was endorsed. The company’s board of directors, during its 515th […]
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