Business | Market | Economy
The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06
The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL). KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, […]
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Sabaiko Laghubitta holds its sixth annual general meeting and approves 18% bonus shares for shareholders.
Sabaiko Laghubitta held its 6th AGM on Falgun 26, 2079, led by company chair Mr. Narayan Prasad Joshi. According to the media statement, the AGM decided to approve 18% bonus shares and 0.95% cash dividends to its shareholders, as well as authorize the board to conduct any merger/acquisition work with suitable institutions.
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7-Month Macroeconomic Highlights: Inflation is 7.88%.
According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent. The outstanding concessional loan was Rs.210.96 […]
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Commercial Bank Fixed Deposit Interest Rates Remain Unchanged
The Nepal Bankers Association (NBA) has decided to lower the interest rate on savings while keeping the interest rate on fixed deposits unchanged. The meeting was attended by the CEOs and representatives of all commercial banks to review the interest rate beginning on Chaitra 1. Savings interest rates currently range from 6.42 percent to […]
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Gold and silver prices fell for the third day in a row.
The price of gold has decreased by Rs. 500 per tola today. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 101,000 per tola. In the last three days, the price of gold has decreased by Rs 1,800 per tola. […]
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The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.
The ultimate merger procedure has been completed between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC). On Bhadra 31, 2079, the firms signed a merger agreement. Similarly, the share exchange ratio between Sana Kisan and RMDC has been determined to be 1:0.87. Investors who now own 100 shares […]
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SEBON Approves 10.75% NMB Debenture 2089/2090; Bank Will Soon Issue 40 Lakh Unit Debentures
On Falgun 18, 2079, the Securities Board of Nepal (SEBON) approved the “10.75% NMB Debenture 2089/2090”. NMB Bank Limited (NMB) plans to issue 40 lakh unit debentures at Rs 1000 per unit. The bank will offer a 10.75% interest rate on the debenture for ten years
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This week, NEPSE lost 53.62 points (2.65%) on a turnover of Rs 8.43 arba.
This week’s index closed at 1,969.02, a loss of 53.62 points (2.65%). The index closed at 2,022.64 last week, down 2.31% from the previous week. This week, the index reached a high of 2,042.95 and a low of 1.969.02, resulting in a 73.93 point volatility. The previous week’s volatility on the index was 68.79 points. […]
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Salt Trading Corporation’s net profit increased by 47.39% in the second quarter, to Rs 14.86 per share.
Salt Trading Corporation Limited (STC) has released its second-quarter report for fiscal year 2079/2080, which shows a 47.39% increase in net profit. The company’s net profit increased to Rs. 1.88 crores in Q2, 2079/2080 from Rs. 1.27 crores in the previous year’s corresponding quarter. The company’s sales revenue (revenue from operations) fell by 1.63% in […]
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Suryodaya Womi Laghubitta Promoter Shares in Auction Begin Today
Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMFcurrent )’s promoters are auctioning off 2,28,295 shares to promoter owners beginning today, 17th Falgun, 2079. SWMF unit promoter shares worth $2,28,295 will be auctioned off. Only existing promoters are able to bid on the auction within 35 days of its release, on the 17th of Falgun. Shareholders should […]
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