NIBL Equity Partners, managed by NIMB Ace Capital Limited and backed by Nepal Investment Mega Bank Limited, has appointed Ritu Pradhan as its new Co-Head. This strategic hire strengthens the firm’s focus on sustainable finance, private equity, and ESG-driven investment management in Nepal’s evolving capital markets. With over 14 years of experience in climate finance, […]
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. […]
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
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
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
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
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
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
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
The Government of Nepal is gearing up for the highly anticipated Nepal Investment Summit 2024, set to kick off on April 28 in Kathmandu. This two-day event, themed ‘Emerging Nepal,’ aims to showcase 125 national-level projects across various sectors to attract investment and foster economic development in the country. Prime Minister Pushpa Kamal Dahal, in
