Corporate Development Bank Limited (CORBL) has recently unveiled its third-quarter fiscal report for the year 2080/81, indicating a notable 33.08% decrease in net profit compared to the same period last year. The bank’s financial performance reflects challenges amidst core business operations, raising concerns among investors and stakeholders. Maintaining its financial stability, CORBL retains a total […]
Kathmandu, the capital city of Nepal, continues to face severe air pollution issues, securing its position as the second most polluted city globally, according to the latest findings from IQ Air. The city’s Air Quality Index (AQI) stands at 162, closely trailing behind Beijing, China, which maintains its status as the world’s most polluted city.
In a significant development, Asian Life Insurance Company Limited (ALICL) has listed 24,45,357.9 bonus shares on the Nepal Stock Exchange (NEPSE). This move follows the company’s 16th Annual General Meeting held on 18th Falgun, 2080, where it endorsed an 8.1578% dividend for the fiscal year 2079/80. During the 188th meeting of the board of directors
Jyoti Bikas Bank Limited (JBBL) has recently disclosed its unaudited financial report for the third quarter of fiscal year 2080/81, revealing a significant downturn in both net profit and Earnings Per Share (EPS). The bank’s net profit for this period plummeted to Rs. 15.24 Crores, marking a notable decrease of 24.40% compared to the corresponding
The “7.9% Nepal SBI Bank Debenture 2080” scheme, comprising 2,00,000 units, has been delisted from the Nepal Stock Exchange (NEPSE) following its maturity on Baishakh 6, 2081. This marks the conclusion of the debenture, which provided unitholders with a 7.9% annual return on their investment. Now that the debenture has matured, Nepal SBI Bank Limited
The price of fine gold in Nepal has witnessed a decline of Rs. 600 per tola after a period of consecutive increases, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is currently trading at Rs. 1,38,600 per tola, marking a decrease from its previous closing rate of Rs.
Taplejung district in Nepal is experiencing a significant surge in investment in hydropower projects, particularly along its primary waterway, the Tamor River, and other rivers in the region. Officials have reported that there are currently 16 hydroelectric projects underway along the Tamor River alone, with an anticipated power generation capacity of 1,654.51 megawatts. According to
In the dynamic landscape of Nepal’s banking sector, Muktinath Bikas Bank Limited (MNBBL) stands out with its impressive performance and robust financial indicators. Recently, the bank unveiled its unaudited financial statement for the third quarter of the fiscal year 2080/81, shedding light on its commendable growth trajectory. MNBBL maintains a formidable position with a total
Global IME Bank Limited (GBIME) recently unveiled its third-quarter fiscal report for the year 2080/81, showcasing both resilience and challenges amidst a dynamic banking landscape. While maintaining a robust financial position with substantial capital and reserves, the bank encountered a 24.13% decline in net profit, amounting to Rs 3.30 Arba. Despite facing headwinds, GBIME continues
Nepal’s gold market witnessed an unprecedented surge, hitting an all-time high on April 19, 2024, signaling significant shifts in both domestic and international dynamics. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold soared by Rs. 700, reaching an extraordinary Rs. 1,39,300 per tola, up from its previous Rs. 1,38,600. Similarly,
