NMB Bank recently acquired land in Kathmandu Metropolitan City Ward No.1 for the construction of a corporate office. The land and structure were valued at Rs. 1,21,39,68,750, and this decision was made during a board meeting on the 10th of Ashwin, 2080. The bank plans to proceed with the purchase of 105.5256 anna of land […]
The price of precious gold has fallen by Rs. 800 per tola (fine gold) today when compared to the trading price on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently being traded at Rs. 111,000 per tola, marking a decrease from Tuesday’s price of Rs.
Godrej has introduced a special festival-themed promotion for customers buying their home appliances. Under this scheme, customers will enjoy exclusive cash discounts and other gifts when purchasing Godrej products. Customers can benefit from a generous 25% discount when buying Godrej products. Additionally, customers will receive a 6 kg pack of Arial washing powder when purchasing
The Securities Board of Nepal (SEBON) is looking to make important changes to the rules governing hydropower companies, especially regarding the issuance of Initial Public Offerings (IPOs) and right shares. These changes will involve updates to the regulations related to registering and removing hydropower companies. Hydropower companies often raise capital by selling shares to
Sanima Bank Limited (SANIMA) has scheduled its 19th Annual General Meeting (AGM) for the 2nd of Kartik, 2080, starting at 11 a.m. The AGM will take place at Kundalini Durbar Banquet in Kathmandu. One of the main agenda items for the AGM is the approval of a 14.7% dividend for the fiscal year 2079/80.
Upper Tamakoshi Hydropower Limited has made the decision to extend the deadline for its rights offering. The company originally initiated its rights offering on the 18th of Bhadra, 2080, with the intention of closing the offering on the 7th of Ashwin. However, as per an official notice, the rights offering period has been extended, and
The existing promoters of Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) Limited have initiated an auction process for 4,960 units of shares. This auction is open to interested promoter shareholders, as well as the general public and institutions, and it will run from the 5th Ashwin to the 14th Ashwin, 2080. The auction specifically involves 4,960
The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units of their promoter shares. This auction is open to interested promoter shareholders as well as the general public and institutions. The auction period runs from the 4th Ashwin to the 10th Ashwin of the year
The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080. The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out
Maha Prasad Adhikari, the Governor of the Nepal Rastra Bank (NRB), has emphasized that Nepal’s trade deficit could be effectively addressed if the country could export power worth Rs 130 billion annually. In a meeting with the office-bearers of the Independent Power Producers’ Association, Nepal (IPPAN), Governor Adhikari highlighted the potential of power export as
