The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the sale of 1,78,865 units of promoter shares through an auction. This auction is open to both interested promoter shareholders and the general public/institutions, spanning from the 4th Poush to the 13th Poush, 2080. In this auction, a total of 1,78,865 units of promoter […]
Sarbottam Steel Limited has scheduled its third Annual General Meeting (AGM) for the 25th of Poush, 2080 (the equivalent of January 8, 2024). The meeting is set to take place at the Company Office Hall in Neupane Tower, Tinkune, Kathmandu, starting at 11:30 a.m. One of the key agendas for the AGM is the proposal
The Nepal Stock Exchange (NEPSE) Index registered a gain of 35.39 points, equivalent to 1.68% over the previous day’s closing, concluding at 2,141.87 points. The preceding trading day had seen an increase of 45.98 points for the index. The market kicked off with the index opening at 2113.94, hitting an intraday low of 2,110.76, and
During a recent Cabinet meeting held at Singhadurbar, the government made a significant decision to establish the minimum purchase price for sugarcane at Rs 635 per quintal. The official announcement of this decision was made by government spokesperson Rekha Sharma. As per the newly implemented regulation, sugarcane mills are now required to directly pay Rs
The Nepal Stock Exchange (NEPSE) Index showed significant growth, increasing by 45.98 points or 2.23% from the previous day’s closing, concluding at 2,106.48 points. This marks the highest point the NEPSE has reached in almost five months, following a gain of 38.14 points in the preceding trading day. The market opened at an index of
The handicraft fair in the federal capital, which took place from December 14 to 18, recently concluded with a reported transaction sum of Rs 20 million, as disclosed by the Nepal Handicrafts Federation. The central goal of the event was to enhance the global market presence of Nepali handicrafts. Various provincial and district handicrafts associations,
Nepal Lube Oil Limited (NLO) has proposed a 30% dividend for the fiscal year 2079/80 and has scheduled the 32nd Annual General Meeting (AGM) on Poush 25, 2080. The decision to propose a 30% dividend, comprising 25% bonus shares and 5% cash dividends, was made during the 371st meeting of the board of directors held
The Nepal Stock Exchange (NEPSE) Index demonstrated a robust performance with a notable gain of 38.14 points or 1.88% compared to the previous day, concluding at 2,060.49 points. This follows a positive trend from the prior trading day, which saw a gain of 27.75 points for the index. The day’s market activity commenced with the
Following the successful merger between Prabhu Life Insurance Limited (PLI) and Mahalaxmi Life Insurance Company Limited, a total of 4,29,60,000 shares of the newly formed entity, Prabhu Mahalaxmi Life Insurance Limited (PMLI), have now been officially listed on the Nepal Stock Exchange (NEPSE). This significant development, sanctioned by regulatory authorities and in compliance with the
In a notable development, the capital gains tax collected from the stock market has experienced a remarkable surge, witnessing a staggering 262% increase in the month of Mangsir compared to the preceding month of Kartik. The government’s revenue from capital gains tax saw a substantial rise from Rs 8.41 crore in Kartik to an impressive
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has announced its 14th Annual General Meeting (AGM) scheduled for the 28th of Poush, 2080. The meeting is set to take place at Amrapali Banquet in Bhatbhateni, Kathmandu, commencing at 10 AM on the specified day. One of the key items on the agenda for the AGM is
The Large Taxpayer Office has reported the successful collection of Rs. 12.5 Arba in profit tax, derived from mergers, gains from acquisitions, and profits generated from Follow-On Public Offerings (FPOs). This significant amount was gathered on Friday and Saturday through detailed filings by numerous organizations. On Friday, 30 organizations contributed to this sum, filing taxes
