Month: October 2024
Gold Price Hits Record High in Nepal with Rs. 400 Surge
The price of gold in Nepal has reached a historic high, with a significant single-day increase of Rs. 400. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs. 161,300 per tola, surpassing yesterday’s price of Rs. 160,900 per tola. Tejabi gold has also risen, reaching […]
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Nepal Bank Offers Lowest Interest Rate in Market at 7.70% for Housing Loans
Nepal Bank Limited, the oldest bank in Nepal, has introduced the most competitive interest rate in the country’s banking sector, offering loans at a low rate of 7.70%. This initiative is part of the bank’s response to increasing market demand for affordable financing solutions. The bank’s “Sarbasulab Housing Loan” scheme provides an opportunity for customers […]
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Public Holiday Declared for Ghatasthapana, NEPSE Closed Today
The Government of Nepal has announced a public holiday today, Thursday (Ashwin 17), in observance of Ghatasthapana, the first day of the Dashain festival. Consequently, the Nepal Stock Exchange Limited (NEPSE) will remain closed for the day. Regular trading will resume on Sunday, Ashwin 20, 2081, at 11:00 AM. Ghatasthapana marks the start of Dashain, […]
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Nepal’s Economy to Grow by 5.1% in 2025, Driven by Tourism and Hydropower
Nepal’s economy is expected to experience a significant boost, with projected growth rising to 5.1% in the fiscal year 2025, compared to 3.9% in FY 2024. This increase is primarily driven by anticipated improvements in tourism, hydropower production, and paddy cultivation, according to the World Bank’s latest economic report, Nepal Development Update: International Migration and […]
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NEPSE Index Falls by 26.07 Points, Closes at 2,597.49
The Nepal Stock Exchange (NEPSE) Index dropped by 26.07 points (0.99%) today, closing at 2,597.49. This decline follows a significant 114.70-point rise in the previous trading session. The market fluctuated throughout the day, opening at 2,629.73 points, reaching an intraday high of 2,643.76, before dipping to a low of 2,582.72. By the close, a total […]
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Suryodaya Womi Laghubitta’s 12.82 Lakh Bonus Shares Listed on NEPSE
Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has officially listed 12,82,108.5372 units of bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 12th Annual General Meeting (AGM) held on Shrawan 32, 2081, where a 14.005143% bonus share distribution was approved, amounting to Rs. 12.82 crore from the paid-up capital of Rs. 91.54 […]
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Gold Prices Surge by Rs. 800 Per Tola in Nepal
The price of gold in Nepal saw a sharp rise today, increasing by Rs. 800 per tola and reaching Rs. 1,60,800 per tola. This marks a notable increase from the previous day’s price of Rs. 1,60,000 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), Tejabi gold also recorded an […]
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Nepal Warehousing Company Calls Special General Meeting on Kartik 7
Nepal Warehousing Company Limited (NWCL) has scheduled its Special General Meeting (SGM) for Kartik 7, 2081, at Amritbhog Catering, Kalikasthan, Kathmandu, starting at 3:00 PM. During the meeting, the board of directors will discuss the proposal to issue 100% right shares on the company’s paid-up capital of Rs. 68.75 Crore. This initiative is aimed at […]
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Nepal Warehousing Company Proposes 100% Right Share Issue
Nepal Warehousing Company Limited (NWCL) has announced plans to issue 100% right shares, according to a decision made at the Board of Directors meeting on Ashwin 14. The company aims to issue right shares in a 1:1 ratio, effectively doubling its paid-up capital. Currently, NWCL has a paid-up capital of Rs. 68.75 Crore. The proposed […]
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NEPSE Index Surges by 114.70 Points, Closes at 2,623.56
The Nepal Stock Exchange (NEPSE) Index witnessed a significant surge of 114.70 points (4.57%) today, closing at 2,623.56. This follows a 44.45-point rise in the previous session, continuing the market’s upward momentum. The NEPSE Index fluctuated throughout the trading day, opening at 2,510.35 points, hitting a low of 2,510.11, and reaching a peak of 2,623.56 […]
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