Year: 2024
Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81
Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability. Imports Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba. […]
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NEPSE Index Ends with Modest Gain, Gurkhas Finance Ltd. Tops Turnover
The Nepal Stock Exchange (NEPSE) Index marked a modest gain of 0.62%, adding 12.29 points to settle at 1,984.43 points by the closing bell today, bouncing back from the previous session’s loss of 19.56 points. Commencing at 1,972.92, the trading day displayed fluctuations, hitting an intraday high of 1,984.46 before sliding to an intraday low of 1,953.29. In a vibrant trading atmosphere, 310 different stocks were traded in 47,117 transactions. The total share volume amounted to 6,393,245, reflecting a total turnover of Rs. 2.25 Arba. Market capitalization wrapped up at Rs. 31.46 Kharba, with a float market capitalization of Rs. […]
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Ridi Power Company Closing Auction of 11.35 Lakhs 11.35 Lakhs
Ridi Power Company Limited (RIDI) has concluded the auction for the unclaimed portion of its right shares, starting from 29th Baisakh, 2081. The auction, which commenced on 29th Chaitra, 2080, offered 11,35,657 units of ordinary right shares, representing the unclaimed portion of the rights offering. This auction opportunity stemmed from RIDI’s issuance of a 1:0.50 […]
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Corporate Development Bank Limited Reports 33.08% Decrease in Q3 Net Profit
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 […]
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Kathmandu Ranks Second Among World’s Most Polluted Cities as Air Quality Worsens
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. […]
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ALICL Lists 24,45,357.9 Bonus Shares on NEPSE
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 […]
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JBBL Reports Decline in Q3 Net Profit and EPS Amidst Rising Impairment Charges
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 […]
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Closure of 7.9% Nepal SBI Bank Debenture 2080: Unitholders to Receive Returns
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 […]
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Gold Prices Dip in Nepal: Latest Updates on Fine Gold and Silver Rates
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. […]
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Exploring the Growth of Hydropower Projects Along Taplejung’s Rivers
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 […]
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