The Nepal Rastra Bank (NRB) has put forth a comprehensive set of 190 recommendations to the Ministry of Finance for the upcoming fiscal year 2081/82 budget. Governor Maha Prasad Adhikari disclosed this during a session of the Economic Committee under the House of Representatives, emphasizing the inclusivity of the process. These recommendations, derived from input […]
The Nepal Stock Exchange (NEPSE) Index witnessed a notable surge, marking a 1.23% increase, or 24.39 points, closing at 1,998.89 points for the day’s trading session. This positive momentum follows a previous session’s gain of 8.26 points, indicating a steady climb in the market. Opening at 1,979.68, the day observed fluctuations with the index hitting
Ridi Power Company Limited (RIDI) has successfully listed 77,44,506 units of right shares on the Nepal Stock Exchange (NEPSE), opening up new trading opportunities for investors. This listing follows a recent issuance of right shares by RIDI, offering existing shareholders a chance to increase their holdings in the company. Earlier, RIDI distributed a 1:0.50 ratio
The cost of gold in Nepal has witnessed a notable decrease, with Fine gold now trading at Rs. 138,100 per tola, down by Rs. 300 from its previous closing rate of Rs. 138,400 per tola, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Similarly, Tejabi gold has
Citizen Life Insurance Company Limited (CLI) has unveiled its financial report for the third quarter of the fiscal year 2080/2081, unveiling an impressive 87.35% surge in net profit. The company’s net profit surged to Rs. 28.13 crores, marking a substantial increase from the Rs. 15.01 crores reported in the corresponding quarter of the previous fiscal
First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) announces the auction of its existing promoter’s 1,20,000 units of shares, providing an opportunity for investors to acquire a stake in the company. The auction will run from today, 31st Baishakh, to 7th Jestha, 2081. Interested individuals, companies, and institutions meeting the qualification criteria are eligible to participate
Himalayan Re-Insurance Limited (HRL) has made headlines with its outstanding financial performance in the third quarter of the fiscal year 2080/81. The company reported a staggering 100% surge in net profit, reaching Rs. 93.11 crore, compared to Rs. 46.43 crore in the same period last year. HRL, a leading player in the insurance sector, displayed
In today’s market update, gold prices have surged by Rs. 500 per tola compared to Friday’s rates, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current value of fine gold stands at Rs. 1,38,400 per tola, reflecting a notable increase from Friday’s price of Rs. 1,37,900 per tola. Similarly, Tejabi
Muktinath Krishi Company Limited (MKCL) has released its financial report for the third quarter of FY 2080/2081, revealing a remarkable upswing in earnings. The company disclosed a net profit of Rs. 2.12 Crores for the quarter, marking a significant turnaround from the net loss of Rs. 2.99 crores in the corresponding quarter of the previous
Asian Life Insurance Company Limited (ALICL) has unveiled its third-quarter financial report for FY 2080/2081, showcasing an impressive surge of 254.92% in net profit. The company’s net profit soared to Rs. 69.11 crores, marking a substantial increase from the Rs. 19.47 crores recorded in the corresponding quarter of the previous fiscal year. ALICL maintains a
United Ajod Insurance Limited (UAIL) has unveiled its third-quarter financial results for the fiscal year 2080/2081, showcasing a remarkable surge in net profit. The company’s net profit experienced a significant jump of 46.06%, reaching Rs. 27.42 crores compared to Rs. 18.77 crores in the same quarter of the previous fiscal year. UAIL boasts a paid-up
Laxmi Sunrise Bank Limited (LSL) has announced the commencement of an auction for 75,88,397 units of shares by its existing promoter. Promoter shareholders interested in acquiring these shares are invited to participate in the auction process. Interested promoter shareholders are requested to submit their details to the central office of the bank located at Hattisar,
