Category: Articles & Updates

  • Because of the Liquor Industry’s Boom and Bust Period

    Because of the Liquor Industry’s Boom and Bust Period


     

    Vijay Distillery Private Limited (VDPL), which manufactures liquor brands such as Ruslan Vodka, generated Rs. 2085 million in sales revenue in 2022.

    The company’s revenue has decreased by Rs. 59.3 crores compared to FY 2021. For fiscal year 20/21, the company generated sales revenue of Rs. 2678 crore (Million). VDPL’s profit margin for FY2022 has been tempered by a drop in sales margin, a high debt level, an increase in interest rates amid reduced banking sector liquidity, and an increase in promotional expenses for recently released products.

  • Remittance inflows increased by 25.3% to Rs. 794.32 billion in the first eight months of fiscal year 2022/23.

    Remittance inflows increased by 25.3% to Rs. 794.32 billion in the first eight months of fiscal year 2022/23.


     

    Nepal Rastra Bank (NRB), Nepal’s central bank, has released the country’s current macroeconomic and financial situation based on eight months of data ending in mid-March 2022/23.

  • Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 5.

    Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 5.


     

    Today’s gold price has risen by Rs. 500 in the domestic market.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,800 per tola. Yesterday, the rate remained unchanged at Rs. 109,300 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,300. In contrast, the rate was kept at Rs. 108,800 per tola yesterday.

  • Himalaya Urja Bikas Company Receives Electricity Regulatory Commission Approval to Issue 100% Right Shares

    Himalaya Urja Bikas Company Receives Electricity Regulatory Commission Approval to Issue 100% Right Shares


     

    Himalaya Urja Bikas Company Limited (HURJA) has been granted permission by the Electricity Regulatory Commission (ERC) to issue rights shares to the general public.

    The Electricity Regulatory Commission (ERC) has approved the distribution of right shares in a 1:1 ratio. The company proposed issuing right shares in a 1:2 ratio, or 200% of the company’s paid-up capital, at the board of directors meeting on Poush 05. The same agenda was approved at the company’s 22nd AGM, but it was subject to ERC approval. However, the board has now approved the issuance of the right shares in a 1:1 or 100% ratio rather than 1:2 or 200%.

     

  • Today’s gold price in Nepal has dropped by Rs 700 per tola, while silver has dropped by Rs 10.

    Today’s gold price in Nepal has dropped by Rs 700 per tola, while silver has dropped by Rs 10.


     

    Today’s gold price has dropped by Rs. 700 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,300 per tola. Yesterday, the rate remained unchanged at Rs. 110,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,800. In contrast, the rate was kept at Rs. 109,500 per tola yesterday.

     

  • The Insurance Authority has issued a list of new arrangements and instructions to microinsurance companies.

    The Insurance Authority has issued a list of new arrangements and instructions to microinsurance companies.


     

    The Insurance Authority has recently prioritized working with micro-insurance companies. The authority recently granted licenses to seven new microinsurance companies.

    Previously, the Nepal Insurance Authority issued a notice inviting applications from companies interested in operating a micro-insurance company in Nepal. Similarly, three micro life insurance companies and four micro non-life insurance companies were chosen to conduct micro insurance activities in Nepal.

  • Nothing Phone 1 is Launching in Nepal – Exclusively on Daraz

    Nothing Phone 1 is Launching in Nepal – Exclusively on Daraz


    Nepal’s leading e-commerce platform, Daraz, has announced the exclusive launch of the “Nothing Phone 1” in Nepal on April 11. The Nothing Phone 1 is the first product from the new technology venture “Nothing,” founded by the co-founder of OnePlus, Carl Pei. This much-anticipated smartphone will be available exclusively on Daraz for Nepalese customers.

    The Nothing Phone 1 is an exceptional smartphone that stands out in terms of design, features, and innovation. This phone has a sleek and elegant design with a transparent back panel, giving it a futuristic and premium look. The Nothing Phone 1 is equipped with a 6.67-inch Full HD+ AMOLED display, providing an immersive viewing experience with rich colors and sharp details. The phone’s display also has a 120Hz refresh rate, making it perfect for gaming and smooth scrolling.

    The phone is powered by a Qualcomm Snapdragon 870 processor, which provides lightning-fast performance and efficient power consumption. The Nothing Phone 1 is available in two variants: 8GB RAM with 128GB storage and 12GB RAM with 256GB storage. The phone runs on Android 11 with a custom skin called “Nothing UI,” which is designed to provide a clean and simple user interface.

    One of the most exciting features of the Nothing Phone 1 is its camera setup. The phone has a triple-camera setup, including a 64-megapixel primary camera, a 12-megapixel ultra-wide-angle lens, and a 5-megapixel macro lens. The phone’s camera is also equipped with several AI features, including AI scene detection, AI beautification, and more.

    The Nothing Phone 1 also has a large 4,500mAh battery with support for 65W fast charging, which allows you to charge the phone from 0% to 100% in just 35 minutes. The phone also has support for 5G, making it future-proof and ready for the next generation of mobile networks.

    The anticipated cost of the 8/128GB version of the Nothing Phone (1) in Nepal is approximately Rs. 55,999. Meanwhile, the Indian market offers the same variant starting at INR 32,999, with the 8/256GB option priced at INR 35,999 and the top-of-the-line 12/256GB variant at INR 38,999. This phone comes in two color options, Black and White. The Nothing Phone (1) is set to arrive in Nepal via Daraz on April 11th, and we anticipate that the smartphone will be more reasonably priced.

  • Mirmire Laghubitta (MMFDB) and Nerude Laghubitta (NLBBL) Call for Baisakh 10 SGM to Approve Merger

    Mirmire Laghubitta (MMFDB) and Nerude Laghubitta (NLBBL) Call for Baisakh 10 SGM to Approve Merger


     

    The Special General Meeting (SGM) of Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) and Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for 10th Baisakh, 2080. The MMFDB meeting will be held at Hotel Sarathi in Dhulikhel, while the NLBBL meeting will be held at Udhyog Sangathan Morang in Biratnagar. The MMFDB meeting will begin at 12:30 PM that day, while the NLBBL meeting will begin at 11 AM.

  • “Siddhartha Investment Growth Scheme 3” Public Offering

    “Siddhartha Investment Growth Scheme 3” Public Offering


    Siddhartha Capital Limited is launching the closed-end mutual fund scheme “Siddhartha Investment Growth Scheme 3” today, on the 26th Chaitra, and will close on the 29th Chaitra, 2079. If the issue is not fully subscribed by the early closing date, it may be extended until Baisakh 10.

    10%, or 1.2 crore units worth Rs. 12 crores, have been allocated to the fund promoter Siddhartha Bank Limited, while 5%, or 60 lakh units, have been allocated to the fund manager Siddhartha Capital. As a result, the remaining 10.20 crore units will be made available to the gen

     

  • Through its new extension counter, Nepal Investment Mega Bank now serves Belbari in Morang.

    Through its new extension counter, Nepal Investment Mega Bank now serves Belbari in Morang.


     

    On Chaitra 24, 2079, Nepal Investment Mega Bank opened its new extension counter at Belbari nagarpalika-9 Dangihat in Morang.

    According to a media statement, the latest facility was jointly inaugurated by Koshi province head of the bank Mr. Rajeev Gajurel and Nagarpalika mayor Mr. Dil Prasad Rai during a program.

    The bank’s network currently includes 296 branches and 51 extension counters.

     

  • Ganapati Laghubitta calls the 6th AGM and approves all financial reports.

    Ganapati Laghubitta calls the 6th AGM and approves all financial reports.


     

    Ganapati Laghubitta held its 6th AGM on Chaitra 25, 2079, under the chairmanship of Ms. Archana Pradhan.

     

    According to the media statement, the AGM approved all fiscal and other reports presented by microfinance officials.

  • Mutual Fund Scheme of Global IME Capital "

    Mutual Fund Scheme of Global IME Capital "


     

    The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status.

    The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Global IME Capital. Global IME Bank, on the other hand, is the scheme’s Fund Sponsor.