Articles & Updates
Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors
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 […]
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Surge in Nepal’s Gold Market: New All-Time High Reached on April 10, 2024
Nepal’s gold market has witnessed an unprecedented surge, reaching a new all-time high on April 10, 2024. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold has experienced a significant increase of Rs. 500, pushing its price to an exceptional rate of Rs. 1,36,800 per tola, up from its previous rate […]
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Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy
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 […]
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Devastating Fire at Bharat Furniture: A Costly Setback for the Industry
A devastating fire broke out at Bharat Furniture, located in Matihani-8 of the district, causing extensive damage estimated at over Rs 3.5 million. Owned by Dukhmochan Thakur, the furniture industry fell victim to the blaze, which ignited around 10:00 pm on Monday, as reported by the District Police Office, Mahottari. The inferno swiftly engulfed the […]
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Extraordinary Surge: Gold Prices Reach All-Time Highs in Nepal
Recently, the gold market in Nepal has experienced an unprecedented surge, reaching a new all-time high on April 9, 2024. The Federation of Nepal Gold and Silver Traders’ Association reported a notable increase of Rs. 100, pushing the price of fine gold to an exceptional rate of Rs. 1,36,300 per tola, up from its previous […]
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Global IME Ltd. Debenture Delisting: Implications and Refund Process
In a significant development, 1,500,000 units of the “10.25% Global IME Ltd. Debenture 2080/81” have been removed from trading on the Nepal Stock Exchange (NEPSE). This move holds implications for investors and marks the culmination of the debenture’s tenure. The “10.25% Global IME Ltd. Debenture 2080/81” reached its maturity date in Chaitra, 2080, offering a […]
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Challenges and Prospects of the Newly Constructed Business Tower in Damak: A Critical Analysis
The recent unveiling of a multi-billion-rupee business tower in Damak by the government has ignited debates over its practicality, given reports of tepid interest from prospective commercial tenants. The towering edifice, standing 18 stories tall and spearheaded by CPN-UML chairman and former Prime Minister KP Sharma Oli, awaits its official inauguration amidst uncertainties surrounding its […]
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ADBL Introduces Digital Loan Facility on ADBL Smart Plus App to Enhance Financial Inclusion
The Agricultural Development Bank Limited (ADBL) has launched a novel loan facility via the ADBL Smart Plus App, responding to the increasing demand for digital services and aiming to bolster financial access and inclusivity. This initiative enables eligible customers holding salary accounts with the bank to access instant loans of up to Rs. 2 lakhs […]
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Nepal Rastra Bank Unveils FY 2023/24 Macroeconomic Overview
Nepal Rastra Bank (NRB) has presented a comprehensive overview of Nepal’s current macroeconomic and financial status based on data from the first eight months ending mid-March 2023/24. Inflation and Trade Year-on-year inflation remained stable at 4.82%. Gross foreign exchange reserves reached USD 14.14 billion. Total imports decreased by 2.7%, exports by 4.0%, and trade deficit […]
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Gold Prices in Nepal Experience a Dip: Rs. 1,000 Decrease per Tola, Silver Follows Suit with a Rs. 20 Fall
The current market for fine gold has witnessed a notable decrease, with the price dropping by Rs. 1,000 per tola. According to the latest information from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present trading value for fine gold is Rs. 1,25,000 per tola. This reflects a reduction of Rs. 1,000 […]
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