Articles & Updates
Gold Falls Rs. 1,200, Silver Drops Rs. 30 in Single Day
The price of fine gold in Nepal has dropped by Rs. 1,200 per tola according to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Today’s trading rate for fine gold stands at Rs. 1,16,500 per tola, down from yesterday’s closing rate of Rs. 1,17,700 per tola. Similarly, Tejabi gold […]
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Promoter Shares Auction: MBL, KBL, and NMFBS Starting Today
The current promoter of Machhapuchchhre Bank Limited (MBL) plans to auction 10,56,917 units of shares to fellow existing promoter shareholders starting today. Ganesh Bahadur Shrestha is looking to sell this portion of promoter shares within the next 35 days from the publication date of the notice, which is until the 1st of Falgun. Interested […]
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Himalayan Re-Insurance’s Net Profit Surges 99.73% on 154.65% Rise in Net Premiums; EPS Reaches Rs. 12.05
In the second quarter of the fiscal year 2080/81, HRL experienced a remarkable 154.65% rise in net premiums, reaching Rs. 1.99 Arba compared to the previous year. The company also demonstrated strong financial management by generating Rs. 47.32 Crores from investment income and other financial activities. However, during the same period, there was a 50.90% […]
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NICL’s Investment Income Boosts Net Profit Growth by 232.33%; EPS Reaches Rs. 60.55
Nepal Insurance Company Limited (NICL) has released its report for the second quarter of fiscal year 2080/81, showing a significant rise in net profit by 232.33%. The company earned a net profit of Rs. 49.77 crores compared to Rs. 14.97 crores in the same quarter of the previous fiscal year. Moreover, NICL has also increased […]
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Bhagawati Hydropower’s Q2 Earnings Surge 23.26%; Long-Term Debt Cleared, Revenue Rises 13.31%
Bhagawati Hydropower Limited (BGWT) has announced a net profit of Rs. 3.77 Crores in the second quarter (Q2) of the current fiscal year 2080/81, marking a 23.26% increase from the same quarter last year when it was Rs. 3.06 crores. Notably, the company has successfully paid off its long-term loans, resulting in no long-term debt […]
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Sanima Reliance Life Insurance’s Q2 Net Profit Surges 96.48%; Life Insurance Fund at Rs. 12.69 Cr
Sanima Reliance Life Insurance Limited (SRLI) has posted a significant 96.48% rise in its net profit for the current quarter, reaching Rs. 21.97 crore, compared to Rs. 11.18 crore in the same quarter last year. SRLI’s paid-up capital stands at Rs. 4.18 Arba, with retained earnings of Rs. 92.15 Crores, Rs. 2.42 Crores in other […]
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Himalayan Reinsurance Proposes 80% Right Shares Post Bonus Adjustment
Himalayan Reinsurance Limited (HRL) has scheduled its 3rd Annual General Meeting (AGM) for the 20th of Falgun, 2080, to be held at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 11:00 AM. One of the key agendas of the AGM is the approval of a 4.21% dividend for the fiscal year 2079/80. During the […]
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Gold Price Drops by Rs. 500 Per Tola in Nepalese Market; Silver Stable
The price of fine gold has dropped by Rs. 500 per tola, according to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Currently, fine gold is trading at Rs. 1,18,000 per tola, down from yesterday’s closing rate of Rs. 1,18,500 per tola. Similarly, Tejabi gold is now priced […]
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Soaltee Hotel Limited Q2 FY 2080/2081: Net Profit Rs. 26.31 Crores, 9.44% Revenue Growth
Soaltee Hotel Limited (SHL) reported an impressive net profit of Rs. 26.31 crores in the second quarter of the fiscal year 2080/2081, marking a significant increase from Rs. 25.14 crores in the same period last year. During this quarter, the company’s total revenue saw a notable rise of 9.44%, reaching Rs. 1.05 Arba, compared to […]
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Citizen Life Insurance to End Lock-in Period for 434,906 Mutual Fund Shares by Falgun 27
Citizen Life Insurance Company (CLI) has notified its investors and stakeholders regarding the upcoming end of the lock-in period for 434,906 unit shares held by Mutual Funds. As per the recent directives from the Securities Board of Nepal (SEBON), this lock-in period, which began on Kartik 20, 2080, will conclude on the 27th of Falgun, […]
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