Kathmandu Metropolitan City (KMC) has been successful in collecting revenue amounting to Rs. 8 Arba during the 11 months of the current financial year. Dhruv Kafle, who heads the Revenue Department, mentioned that the collected amount of Rs. 8 Arba 29 crores 95 lakhs 59 thousand 278 came from internal income, revenue distribution, and […]
Kumari Bank Limited (KBL) has announced an auction of 2,68,949 units of shares to existing promoter shareholders, starting from today, the 31st of Jestha, 2080. The auction is exclusively open to the existing promoters of KBL, who will have a period of 35 days from the date of this notice to submit their bids. Eligible
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has recently distributed 15% bonus shares directly to the DEMAT accounts of its shareholders. The company has encouraged its shareholders to dematerialize their shares in order to facilitate the distribution process. During the company’s 9th Annual General Meeting held on 15th Baisakh, a 15% dividend for the fiscal
Himalayan Reinsurance Limited (HRL) has released its third-quarter financial report for the ongoing fiscal year 2079/80, showcasing a net profit of Rs. 25.44 crores. This marks an increase compared to the corresponding quarter of the previous fiscal year when the company earned Rs. 19.64 crores. Notably, HRL has experienced a significant surge in net premium,
Muktinath Bikas Bank Limited (MNBBL) is selling 119,055 units of promoter shares through an auction. The auction is only open to existing promoters of the bank and will take place from 30th Jestha to 1st Shrawan, 2080. The minimum bid rate is Rs. 190, and bids must be submitted to the auction manager, B.O.K Capital
The Nepal Rastra Bank (NRB) has initiated the process of formulating the monetary policy for the upcoming fiscal year 2080-81. In line with the financial budget announcement for the same fiscal year, the central bank has commenced its work on preparing the monetary policy. To gather input and recommendations for the monetary policy formulation, the
Avasar Equity Diversified Fund, Nepal’s first domestic Private Equity Fund registered with the Securities Board of Nepal (SEBON), has recently entered into an investment agreement with Him Parbat Hydropower Limited. Under this agreement, the Fund will invest NPR 39.06 crore in the development of two Run-of-river hydropower projects in Dolakha District of Bagmati Province. The
The Department of Tourism (DoT) in Nepal has achieved a significant milestone by generating royalty of NRs. 66.64 crores through the issuance of expedition permits for Mt. Everest, the highest mountain in the world. As of May 14, 2023, during the ongoing Spring expedition season, a total of 478 expedition permits have been issued for
Insurance companies in Nepal are competing to increase their premium collections, the amount of money they receive from policyholders. During the first ten months of the fiscal year 2079/80, life insurance companies collected a total of Rs. 1.14 Kharba in premiums from their 1.38 crore active insurance policies. A report from the Nepal Insurance Authority
The promoters of Kumari Bank Limited (KBL) have decided to sell 7,57,699 units of their shares through an auction. This auction is open to individual investors, companies, and institutions, and will take place from 16th Jestha to 22nd Jestha, 2080. Interested bidders can participate in the auction with a minimum bid rate of Rs. 121
Finance Minister Prakash Sharan Mahat has unveiled the budget estimates for Nepal’s fiscal year 2023-24, outlining significant allocations and priorities across sectors. This article provides a comprehensive overview of the budget, highlighting key sectors such as agriculture, education, infrastructure, and social welfare. Read on to discover the key highlights of Nepal’s budget for the upcoming
Kumari Bank Limited (KBL) has announced that its existing promoters will be selling 14,83,378 units of their shares through an auction open to the general public. The auction period will be from 12th Jestha to 19th Jestha, 2080. This presents an opportunity for individual investors, companies, and institutions to participate in the auction and potentially
