Day: October 1, 2024
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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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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