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Nepali Gold Market Witnesses Significant Rise in Rates, Reflecting Global Trends

Earnmoney.com.np / April 15, 2024

Today, the price of the precious yellow metal has soared by Rs. 700 per tola compared to yesterday’s trading figures, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current rate for fine gold stands at Rs. 1,37,500 per tola, marking a notable increase from yesterday’s trading rate of Rs. 1,36,800 per tola. Similarly, Tejabi gold is now priced at Rs. 1,36,850 per tola, indicating a Rs. 700 surge from yesterday’s price of Rs. 1,36,150 per tola. April 12th, 2024, saw a historic peak for fine gold, hitting an all-time high of Rs. 1,39,000 per tola. […]

Business | Market | Economy

Nepali Banks’ Interest Rate Review: Baisakh 2081 Update

Earnmoney.com.np / April 14, 2024

In the most recent financial update, twenty commercial banks have announced revisions to their interest rates for the month of Baisakh. Interestingly, a majority of these banks, totaling 13, have opted to decrease their interest rates. However, notable exceptions to this trend include NMB Bank (NMB) and Everest Bank (EBL), which have instead chosen to

Business | Market | Economy

Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme

Earnmoney.com.np / April 14, 2024

As Nepal eagerly awaits the arrival of New Year 2081, Garima Bikas Bank Limited (GBBL) delights its customers with a special cashback scheme, promising enticing rewards for debit and credit card users. With the aim of promoting cashless transactions and enhancing customer satisfaction, GBBL introduces a generous cashback offer of 20.81%, allowing users to earn

General News, Business | Market | Economy

Celebrate New Year 2081 with FD Motors: Exclusive Offer on F5 A Pro Scooter

Earnmoney.com.np / April 14, 2024

As the New Year 2081 dawns upon us, FD Motors extends warm wishes to all Nepalis, spreading joy, peace, and prosperity worldwide. To mark this auspicious occasion, FD Motors is delighted to announce an exclusive offer for its esteemed customers, providing an exciting opportunity to own the highly acclaimed F5 A Pro scooter. This special

Business | Market | Economy

RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation

Earnmoney.com.np / April 11, 2024

Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights

Business | Market | Economy

AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon

Earnmoney.com.np / April 11, 2024

Arun Valley Hydropower Development Company Limited (AHPC) recently completed the allotment of its right shares at a 1:1 ratio on the 27th of Chaitra, 2080. Following the allotment process, shares were distributed to eligible applicants, while those who were not allotted shares will receive their refunds starting from the 30th of Chaitra, 2080. During the

Dividend

Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80

Earnmoney.com.np / April 11, 2024

Prabhu Insurance Company Limited (PRIN) has announced its 28th Annual General Meeting (AGM) scheduled for the 20th of Baishakh, 2081. The AGM will convene at the Prabhu Complex in Tinkune, Kathmandu, commencing at 10 am on the designated day. Among the key agendas on the table, the AGM will endorse a 5% dividend for the

Business | Market | Economy

End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares

Earnmoney.com.np / April 11, 2024

Vision Lumbini Urja Company Limited (VLUCL) has informed its investors and stakeholders about the impending end of the lock-in period for 95,625 unit shares held by Mutual Funds. This lock-in period, in accordance with the latest directives from the Securities Board of Nepal (SEBON), is scheduled to expire on the 4th Jestha, 2081. VLUCL, with

General News

Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness

Earnmoney.com.np / April 10, 2024

Nearly 800 households in the district have faced a harrowing experience of being plunged into darkness for two consecutive days due to an electricity disruption. This disruption stemmed from the failure of the Dillichaur hydropower project to generate power, caused by a significant setback in its water supply system. The halt in power generation was

Dividend

GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors

Earnmoney.com.np / April 10, 2024

Garima Bikas Bank Limited (GBBL), formerly known as Subhechha Bikas Bank Limited, Nilgiri Bikas Bank Limited, and Sahara Bikas Bank Limited, has issued a notice urging its shareholders to collect unclaimed dividends. According to the notice, some investors have yet to collect dividends for the fiscal year 2074/75. These dividends were due in the fiscal

Business | Market | Economy

Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors

Earnmoney.com.np / April 10, 2024

Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st Jestha, 2080. This auction presents an opportunity for investors to acquire shares in SALICO, a prominent insurance company in Nepal. A total of 1,14,612 unit promoter shares of SALICO are

Gold | Silver | Forex

Surge in Nepal’s Gold Market: New All-Time High Reached on April 10, 2024

Earnmoney.com.np / April 10, 2024

Nepal’s gold market has witnessed an unprecedented surge, reaching a new all-time high on April 10, 2024. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold has experienced a significant increase of Rs. 500, pushing its price to an exceptional rate of Rs. 1,36,800 per tola, up from its previous rate

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