In a recent development, the price of fine gold has experienced a notable decline, dropping by Rs. 1,100 per tola. As per the latest report released by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for pure gold stands at Rs. 1,35,400 per tola. This marks a significant decrease […]
Singati Hydro Energy Limited (SHEL) has achieved a significant milestone with the successful listing of 1,45,00,000 right shares on the Nepal Stock Exchange (NEPSE). This move comes after the company’s recent issuance of a 1:1 ratio right share, offering existing shareholders the opportunity to increase their stake in the company. During the issuance period from
CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) has unveiled its third-quarter financial report for the fiscal year 2080/2081, revealing a remarkable upswing in performance. The company has reported a staggering 263.37% increase in net profit, reaching Rs. 2.8 crores compared to Rs. 77.07 lakhs in the corresponding quarter last year. A significant driver behind this
The price of the highly sought-after yellow metal has surged by Rs. 2,000 per tola today compared to yesterday’s rates, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current price for fine gold stands at Rs. 1,36,500 per tola, marking a substantial increase from yesterday’s rate of Rs. 1,34,500 per
Muktinath Krishi Company Limited (MKCL) has informed its investors and stakeholders about the imminent conclusion of the lock-in period for 70,000 unit shares held by Mutual Funds. Following the latest directives from the Securities Board of Nepal (SEBON), this lock-in period is scheduled to expire on the 18th of Jestha, 2081. MKCL, with a total
Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has unveiled its third-quarter financial report for the fiscal year 2080/2081, revealing an impressive surge in performance. The company has reported a remarkable 846.30% increase in net profit, soaring from Rs. 1.3 crores to Rs. 12.38 crores compared to the corresponding quarter last year. A significant contributor to
Vishal Group Limited has initiated the auction of 11,00,000 units of promoter shares of Nepal Reinsurance Company Limited (NRIC). This auction, which commenced on 18th Baisakh, will continue until 26th Baisakh, 2081. Interested promoter shareholders and institutions have the opportunity to participate in this auction, with a minimum bid rate set at Rs. 280 per
Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL) has unveiled its third-quarter financial report for the fiscal year 2080/2081, showcasing an impressive 73.87% surge in net profit, despite challenges in the economic landscape. The company’s net profit surged to Rs. 1.13 crore, marking a substantial increase from Rs. 65.55 lakhs reported in the corresponding quarter of the
The Nepal Stock Exchange (NEPSE) Index witnessed a notable gain of 1.30%, equivalent to 25.93 points, settling at 2,006.28 points at the close of trading today. This increase follows a marginal gain of 0.07 points in the previous session, reflecting positive momentum in the stock market. Starting the trading day at 1,991.51 points, the NEPSE
Life Insurance Corporation Nepal Limited (LICN) has announced that it will not be distributing any dividends for the Fiscal Year 2079/80. This decision was made during the 132nd Board Meeting held on Baishakh 17, 2081. In a recent corporate development, LICN revealed that the company’s board of directors has decided against distributing dividends for the
Global IME Bank Limited (GBIME) has recently introduced the “Global Green Home Loan Scheme,” offering competitive interest rates and additional benefits to support eco-friendly residences. With an attractive fixed interest rate of 8.99% for up to 7 years, eligible borrowers can access loans of up to 12 crore rupees under this scheme. This initiative is
IME Life Insurance Company Limited (ILI) has announced its third-quarter financial results for the fiscal year 2080/2081, showcasing a remarkable surge of 75.79% in net profit. The company’s net profit surged to Rs. 33.15 crores from Rs. 18.86 crores in the corresponding quarter of the previous fiscal year, demonstrating strong growth and financial performance. ILI’s
