Mahalaxmi Bikas Bank Limited (MLBL) has made history by signing a memorandum of understanding with Nepal Clearing House (NCHL), marking a first among development banks to facilitate international payments between Nepal and India. This groundbreaking agreement enables direct fund transfers between Indian citizens in Nepal and their accounts in India, as well as Nepalese citizens […]
Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has announced a significant alteration in its share structure, aimed at boosting public ownership and enhancing investor participation. As per the notice published by the company, the promoter-public shares conversion ratio has been adjusted from the existing 69.40% – 30.60% to 59.40% – 40.60%, following approval from Nepal
Prime Minister Pushpa Kamal Dahal, also known as ‘Prachanda,’ has urged the private sector to invest confidently in Nepal’s hydropower sector. Speaking at the 22nd annual general assembly of the Independent Power Producers’ Association, Nepal (IPPAN), the Prime Minister highlighted a significant milestone: the signing of an agreement with India to export 10,000 megawatts of
The cost of fine gold has witnessed a decline, according to a recent report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is presently trading at Rs. 1,39,300 per tola, reflecting a decrease of Rs. 700 from its previous closing rate of Rs. 140,000 per tola. Similarly, Tejabi gold now
IME Life Insurance Company Limited (ILI) has announced the convening of its 7th Annual General Meeting (AGM) on 28th Jestha, 2081. The meeting is scheduled to take place at Amrapali Banquet, Naxal, Kathmandu, commencing at 11:00 AM on that day. Among the key agendas, the AGM will endorse a 26.3158% dividend for the fiscal year
In a bustling trading day, the Nepal Stock Exchange (NEPSE) witnessed a slight uptick, with the NEPSE Index inching up by 0.03%, settling at 2,018.76 points at the market close. This follows a previous session’s loss, indicating market resilience amidst fluctuations. Opening at 2,023.33, the NEPSE Index experienced fluctuations throughout the day, reaching an intraday
Existing promoters of Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) and Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) are initiating share auctions, offering investment opportunities for both existing shareholders and Nepalese citizens. In the case of KMCDB, Dolraj Dhungana plans to sell 15,000 units, while Maya Basnet KC intends to sell 5,000 units of promoter shares. The
Nepal’s gold market has witnessed an unprecedented surge, reaching historic highs on May 16, 2024, according to the Federation of Nepal Gold and Silver Traders’ Association. Fine gold prices have soared by Rs. 1,600, hitting an extraordinary Rs. 1,40,000 per tola, marking a significant increase from its previous price of Rs. 1,38,400. Similarly, Tejabi gold
The Nepal Stock Exchange (NEPSE) Index witnessed a marginal loss of 0.47%, settling at 2,017.97 points at the end of today’s trading session, following a previous session’s gain of 28.62 points. Throughout the trading day, the index displayed fluctuations, opening at 2,030.87 and oscillating between an intraday high of 2,048.29 and an intraday low of
Hydroelectricity Investment and Development Company Limited (HIDCL) has listed 9,81,090 unit right shares on the Nepal Stock Exchange (NEPSE), marking a significant addition to the market. These shares were part of HIDCL’s auction of unclaimed right shares, totaling 1,78,40,140 units, held from the 25th of Chaitra, 2080 to the 9th of Baisakh, 2081. Despite the
Today, the price of gold has experienced a remarkable surge in domestic markets, with fine gold and Tejabi gold witnessing a substantial rise compared to previous rates. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current price for fine gold has reached Rs. 1,38,400 per tola, marking a notable
NEPSE has officially delisted 10,00,000 units of the “10% Sunrise Debenture 2080 (SRD80)” following its maturity on Baishakh 31, 2081. The debenture, which provided a 10% annual return to unitholders, will now refund the seed fund and distribute interest to investors. Unitholders seeking further details can reach out to or visit the nearest branches of
