Tag: 2020

  • Rawa Energy Development Limited Successfully Allots IPO Shares to Project-Affected Locals in Khotang District

    Rawa Energy Development Limited Successfully Allots IPO Shares to Project-Affected Locals in Khotang District


    Rawa Energy Development Limited has successfully completed the allotment of IPO (Initial Public Offering) shares to project-affected locals of the Khotang District. The allotment program concluded on 1st Jestha, 2080.

    The company’s total issued capital is Rs. 28 Crores, out of which 10%, equivalent to 2,80,000 unit shares worth Rs. 2.8 crores, were specifically allocated to project-affected locals of the Khotang District. The IPO had opened for subscription on 23rd Chaitra, 2079, with the original closing date set for 7th Baisakh, 2080. However, since the IPO did not receive full subscription by the initial closing date, the deadline was extended until 24th Baisakh, 2080. During the subscription period, locals had the opportunity to apply for a minimum of 10 shares and a maximum of 10,000 shares.

    According to the notice published today, Rawa Energy Development Limited has confirmed that the allotted units have been assigned to valid applicants on 1st Jestha, 2080. This completion of the allotment process marks an important step in involving project-affected locals from the Khotang District in the company’s operations.

  • Rawa Energy Development Limited closes IPO for project-affected locals in Nepal

    Rawa Energy Development Limited closes IPO for project-affected locals in Nepal


    Rawa Energy Development Limited is a public limited company that was initially incorporated as a private limited company on August 16, 2009. It was later converted into a public limited company on June 28, 2019. The company is engaged in setting up Hydroelectric Projects (HEP) in Nepal, and it is promoted by business persons who have long experience in the hydropower and other sectors.

    The company has a 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) located in Khotang District. The project has been in commercial operation since September 20, 2020, and it was constructed under the BOOT (Build, Own, Operate, and Transfer) mechanism. The project has been providing power to the national grid and has been contributing to the development of the region.

    Rawa Energy Development Limited is closing the issue of its IPO for project-affected locals today, which was opened on 23rd Chaitra, 2079. The issued capital of the company is Rs. 28 Crores, out of which 10% i.e. 2,80,000 unit shares worth Rs. 2.8 crores have been allocated to project-affected locals of Khotang District. The remaining 20% of the company’s issued capital, i.e., 560,000 unit shares, will be issued later for the general public. Of this public issue, 10% of the shares totaling 56,000 units shares were allocated for Nepalese citizens working abroad, the issue of which closed on 7th Baisakh, 2080.

    The minimum application quantity for project-affected locals is 10 units, while the maximum quantity is 10,000 units. Prabhu Capital Limited has been appointed as the issue manager for the IPO, and the promoter-public share ratio will be 70:30 after this IPO.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited. This rating suggests that issuers with this rating have a moderate risk of default regarding the timely servicing of financial obligations in Nepal.

     

  • Gold Price Breaks All-Time High Record Again, Silver Also Up

    Gold Price Breaks All-Time High Record Again, Silver Also Up


    The price of gold in Nepal has broken an all-time high record once again, gaining Rs. 1200 in a single day. As per the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 111,800 per tola, while Tejabi gold is being traded at Rs. 111,250. This is a significant increase from yesterday’s rate of Rs. 110,600 and Rs. 110,050 per tola for fine gold and Tejabi gold, respectively.

    This recent surge in the price of gold follows the previous all-time high recorded on April 5th, 2023, when fine gold was traded at Rs. 111,000 per tola and Tejabi gold at Rs. 110,450 per tola. Silver has also seen a rise in its price, with a gain of Rs. 20 per tola. The white metal is currently being traded at Rs. 1,445 per tola in the local market, up from yesterday’s closing rate of Rs. 1,425 per tola.

    In the international market, gold was traded at around $2,015.60 per ounce as of yesterday. However, the current rate of gold in the international market has reached USD $2,044.50 per ounce, while silver is being traded at $25.69 per ounce. It is worth noting that gold had reached an all-time high of $2074.88 in August 2020.

  • Gold Prices Reach Near All-Time High in Nepalese Market

    Gold Prices Reach Near All-Time High in Nepalese Market


    Gold prices are on the rise in the Nepalese market once again. Today, fine gold gained Rs. 1800 per tola while tejabi gold rose by Rs. 1750 per tola from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is being traded today at Rs. 110,600 per tola, while tejabi gold is being traded at Rs. 110,050 per tola.

    This increase in gold prices comes after the precious metal reached an all-time high in the Nepalese market on 5th April 2023, with fine gold trading at Rs. 111,000 per tola and tejabi gold trading at Rs. 110,450 per tola. Currently, the international price of gold is at USD $2,015.60 per ounce, with silver being traded at $25.24 per ounce.

    On the other hand, silver prices have also risen in the Nepalese market, gaining Rs. 20 per tola. The white metal is being traded today at Rs. 1,425 per tola compared to yesterday’s closing rate of Rs. 1,405 per tola.

    The increase in gold prices can be attributed to various global factors such as inflation fears, economic uncertainties, and geopolitical tensions. In August 2020, gold reached an all-time high of $2074.88 per ounce in the international market, further highlighting its significance as a safe-haven asset. Despite the fluctuation in gold prices, it remains an attractive investment option for many people, especially during times of economic volatility.

  • SEBON Approves 75% of Himal Dolakha Hydropower Right Shares; Company to Issue 1.20 Crore Right Shares Soon

    SEBON Approves 75% of Himal Dolakha Hydropower Right Shares; Company to Issue 1.20 Crore Right Shares Soon


     

    The Securities Board of Nepal (SEBON) has accepted Himal Dolakha Hydropower Company Limited’s (HDHPC) rights selling proposal for Baisakh 12, 2080.

    The hydroelectric business would issue 75% right shares at Rs. 1.20 Arba to its current shareholders in the form of 1,20,00,000 (1: 0.75) units of right shares. The company’s current paid-up capital is Rs. 1.60 Arba. As a result, following the issuance of the right share in the ratio of 1:0.75, the company’s paid-up capital would be increased to Rs. 2.8 Arba.

  • What Rawa Energy Development Prospective Investors Should Know

    What Rawa Energy Development Prospective Investors Should Know


     

    Rawa Energy Development Ltd is a public limited company that was founded as a private limited company on August 16, 2009 and later converted to a public limited company on June 28, 2019. It is promoted by businesspeople with extensive experience in hydropower and other sectors for the establishment of Hydroelectric Projects (HEP) in Nepal. In Khotang District, the company operates a 3 MW Upper Rawa Khola Small Hydropower Project (URKHP), which has been in commercial operation since September 20, 2020. The project is being built using the BOOT (Build, Own, Operate, and Transfer) model.

  • 7 Essential Productivity Apps for Your MacBook

    7 Essential Productivity Apps for Your MacBook


    We spend an already alarming amount of time on our trusty computers, whether for personal projects, school, or work. According to a study released in January 2020 by Hootsuite and We Are Social, the average internet user spends 6 hours and 43 minutes per day online. After a year, the number has risen to 7 hours, or slightly more than two days out of the week.

    Two complete days of video conferencing, emails, downloading, sports, and social media equals a lot of work. We are becoming increasingly dependent on our devices as we explore new ways to communicate, learn, and work from home. And, as long as the new standard is interactive, we’ll continue to spend a significant portion of our lives—and a significant number of hours—online.

    There are several ways to mentally equip yourself if you want to make the most of your time and remain productive. A big part of the trick is how smart you use your computer.

    You may be familiar with Apple’s practical and high-performance approach to its devices if you own a MacBook. The MacBook is a prime example of Apple’s range of products, with a system that seems to be made for efficiency and speed, responsiveness, and a sleek, classic style at its heart.

    There’s always a lot more you can do with your MacBook to increase your productivity. Using the collaboration capabilities of the Apple ecosystem to your advantage. Adding a couple of applications to your experience will also help you make fast and painless repairs.

    Though there are several choices, we’ve picked a few of the best productivity applications for Mac.

    1. Bear

    There are several note-taking applications that are better than others. Give Bear a shot if you prefer a simple, clutter-free interface and want something more advanced than the built-in Notes app. Its straightforward features allow fast note-taking on the go, which is ideal for capturing eureka moments. It has a variety of themes to choose from and in-line styling choices. Users may refer to notes by using cross-note connections, which are brilliant. A cross-device syncing feature is included in the premium edition.

    2. Things

    Things is a great task management app, particularly if you follow the Getting Things Done (GTD) process. Things is a well-designed app with a strong and intuitive interface. Things promises a lot just by looking at it. It has subtle animations and an amazing dark mode feature. It goes a step further than to-do lists by allowing you to create assignments for your goals, use tags to more easily identify your activities, and display your calendar events all at once.

    3. Magnet

    Magnet is a productivity tool that organizes your workspace into clean, clutter-free windows. Magnet is an easy, no-delay solution for window management on Apple devices. Magnet can snap windows to almost any arrangement that works for you, whether it’s a vertical tile or a three-way split screen, and it’s enabled through keyboard shortcuts or the menu bar. It removes the need to switch between apps and provides additional customization options.

    4. Airmail

    Airmail is a mail client that consolidates accounts, making going through your mail a breeze. It is simple to use, fast, and efficient. It also allows you to make tasks and notes directly from your emails.

    5. Alfred

    Productivity is at your fingertips with this all-in-one assistant. This powerful admin tool saves time and effort (especially for repetitive tasks) by streamlining the workflow. To fill in the gaps, Alfred is open. Use hotkeys to scan your computer and background, Snippets and Clipboard History to save hours of typing, and Powerpack to import or build workflows. Alfred intelligently channels your power and assists you in getting the most out of your device—you can even use it to browse your iTunes library!

    6. Focus

    Focus is the best way to ensure your efficiency. This witty app lets you complete one task at a time, free of distractions. Learn about its distinguishing characteristics, such as Focus Sessions, which are close to the Pomodoro technique. Its straightforward, user-friendly nature complements the company’s overall philosophy of holding your focus where it belongs: on the content.

    7. Ulysses

    If you enjoy writing, you’ll need a similarly powerful tool to get you started. Ulysses is a user-friendly and highly customizable writing app with features such as a markup-based text editor, keyboard navigation, and a tidy, clutter-free interface that will keep you focused on your writing. Another fantastic feature of this app is that it allows you to set writing targets, such as word and character counts, so you can keep track of your success.

    These effective tools will certainly boost efficiency, but keep in mind that working smart still entails working at your best. Check out the following hints to remain productive:

    Break down your objectives into manageable chunks. Recognize the big picture of your objectives, but also the little steps you’ll need to take to get there.
    One job at a time should be your main focus. Try not to get distracted when you’re working and give each job the attention it deserves.

    Working in a safe setting is beneficial to your health. Not only your screen, but also your physical work environment, has a significant impact on your productivity. A better atmosphere is one that has plenty of natural light and ventilation, as well as enough space.

    Pause for a moment to catch your breath. Avoiding burnout is a part of productivity. Make time to relax in between tasks.

    There’s no foolproof way to increase your efficiency, but with a little commitment and the right resources, you’ll be one step closer to meeting that deadline, achieving that target, and spending more time on the things that matter to you.

  • ISP Toll-Free Numbers in Nepal

    ISP Toll-Free Numbers in Nepal


    The Nepal Telecommunications Authority (NTA) has made toll-free numbers mandatory for Internet Service Providers (ISPs) in Nepal. This means that, sooner or later, every ISP will need their own toll-free number. To summarize, toll free numbers are phone numbers that can be used to contact Nepal’s Internet Service Providers for free.

    ISPs must hold toll-free numbers for efficient customer care, assistance, and internet supply maintenance, according to NTA guidelines. Furthermore, toll-free numbers can boost not only internet access but also customer service. Furthermore, with toll-free numbers, consumers would be able to openly and conveniently express their dissatisfactions, suggestions, and questions.

    We’ve compiled a list of toll-free numbers for some of Nepal’s most popular Internet service providers.

    ISPs Toll free numbers
    Nepal Doorsanchar Company Ltd. | Nepal Telecom 1498, 198
    Worldlink Communications Ltd. 166001-55050
    Subisu Cablenet Pvt. Ltd. 166001-59999
    Classic Tech Pvt. Ltd. 16600150999
    Vianet Communication Pvt. Ltd. 16600188444

    Nepal Doorsanchar Company Ltd. | Nepal Telecom Toll-free Number

    Nepal Doorsanchar Company Ltd., widely known as NTC or Nepal Telecom, is the prestigious telecommunication service provider in Nepal. Along with telecom, the company is also a famous internet service provider. It’s contact details are:

    • NTC Toll-free number: 1498, 198
    • Head office: 977-1-4210106, Kathmandu
    • Email: ntc.cco@ntc.net.np

    Worldlink Communications Ltd. Toll-free number

    Worldlink is one of the renowned and largest internet and network service providers in Nepal. The company has been providing quality internet services. In addition to this, its services are ever-improving. But things aren’t perfect forever, that’s when the need to contact them comes in. Their contact details are:

    • Worldlink Toll-free number:166001-55050(NTC)
    • Head office: 977-9801523050 (Ncell) & 977-01-5970050 (NTC), Jawalakhel, Lalitpur
    • Email: info@worldlink.com.np

    Subisu Cablenet Pvt. Ltd. Toll free number

    Subisu is another prestigious ISP in Nepal. Initially, the company served as a cable & fiber internet and Digital TV service provider. With this been said, Subisu becomes a multi-tasker. To contact Subisu:

    • Subisu Toll free number:166001-59999
    • Head office: 01-4429616, Baluwatar, Kathmandu
    • Email: info@subisu.net.np

    Classic Tech Pvt. Ltd. Toll-free Number

    Classic Tech is another competitive internet and network service provider in Nepal. Moreover, it is a licensed company to provide trustworthy customer service to its users. It’s contact details are:

    • Classic Tech Toll-free number: 16600150999
    • Head office: 9801006633, New Baneshwor, Kathmandu
    • Email: info@classic.com.np

    Vianet Communication Pvt. Ltd. Toll-free number

    Vianet is one of the leading internet and TV service providers in Nepal. Since very long, the company has been serving people with high end internet service. And even today, you’ll find people appreciating it’s internet quality and speed. To contact them:

    • Vianet Toll free number: 16600188444
    • Head office: 01-5970444, Jawalakhel, Lalitpur
    • Email: support@vianet.com.np

    Additionally, the list of other ISPs with their toll free numbers are as follows:

    Other ISPs Toll free numbers
    Broad Band Nepal Pvt. Ltd. 166071-52004 (For NTC users)
    Techminds Networks Pvt. Ltd. 16605651222 (For NT Users), 9801575666 (For Ncell Users)
    East Link Technology Pvt. Ltd. 166001-95985
    Sky Broadband Pvt. Ltd. 166001-58887
    Himalayan Online Services Pvt. Ltd. 16600149520
    Arrow Net Pvt. Ltd. 16600142222
    Metrolink Business Group Pvt. Ltd. 16607156222
    Big Marshyangdi Net Pvt. Ltd. 9801565666
    Prabhu Digital Ltd. 16600178999,
    980157199
    Mercantile Communication Pvt. Ltd. 16600100822
    Super Eight Network Pvt. Ltd. 9801575750
    Infonet Communication Pvt. Ltd. 1660774002
    Unified Communication Pvt. Ltd. 16602358666
    Broadlink Communication Pvt. Ltd. 9801571235
    TechMinds Network Pvt. Ltd. 16605651222,
    9801575666
    Ultra Net Communication Pvt. Ltd. 16601166729
    Web Network Pvt. Ltd 16607156555
    First Link Communications Pvt. Ltd. 16602358555
    Everest Wireless Network Pvt. Ltd. 9801571005 ( For NCELL users), 16608352003
    Simpal Media Network Pvt. Ltd. (SIMTV ) 9801544000
    Mahakali Digital Network Pvt. Ltd. 1660017899 (For NTC users),
    9801571999 (For NCELL users)
    Shangrila Informatics Pvt. Ltd. 16600102725
    Sustainable Networks Pvt. Ltd. 16600119335
    Loop Networks Pvt. Ltd. 9801571570
    Kriti Darshan Media Pvt. Ltd. 16602558558
    Dish Home Pvt. Ltd. 16600122000
    Super Sitapaila Net.Pvt. Ltd. 16600162222
    Web Surfer Nepal Communications System Pvt. Ltd. 16600170222
    Lumbini Max Digital Cable Net Pvt. Ltd. 16607156333
    Meta Link Pvt. Ltd. 16600194541
    Acme Technical Institute Pvt. Ltd. 16607852010
    WiFi HD Nepal Pvt. Ltd. 9801567779
    VNS Technology Pvt. Ltd. 16604152980
    Zishan Networks Pvt. Ltd. 16605552786
    Interweb Network Pvt. Ltd. 16606156900
    City Net Pvt. Ltd. 16600193330
    K.C.N. Net Pvt. Ltd. 16600115000
    Net Max Technologies Pvt. Ltd. 16600156666
    Cherry World Communication Pvt. Ltd. 9801571266
    Waling Internet Pvt. Ltd. 16606342003
    Max Net Solution Pvt. Ltd. 9801574040
    Prime Network Pvt. Ltd. 16605651245
    Limpid ICT Solution Pvt. Ltd. 16600164186
    Regmi Media INC. Pvt. Ltd. 16607152001
    Rapid Unique Network Pvt. Ltd. 16606552002
    Infocom Pvt. Ltd. 16600185000
    Simrik Internet Pvt. Ltd. 16606156780
    Smart Link Network Pvt. Ltd. 16600100108
    LNT Infotech Pvt. Ltd. 16606152020
    Next Geekers Pvt. Ltd. 16600180444
    Life Net Pvt. Ltd. 16608352007,
    9801571888
    Neo Link Pvt. Ltd. 16608852305
    Bihunkot Internet Pvt. Ltd. 16606852009
    Nepalink Communication Pvt. Ltd. 9801571100
    I zone Pvt. Ltd. 16602142001
    Pathibhara Network Pvt. Ltd. 9801575959
    Surkhet cable Net T.V. Pvt. Ltd. 16608352008
    Syangia Media Pvt. Ltd. 16606342008
    Wifi Tech Nepal Pvt. Ltd. 9801859000, 9801859004
    Broadband solutions Pvt. Ltd. 16605651555
    Access world Tech Pvt. Ltd. 16600151065
    Smart Telecom Pvt. Ltd. 4242/14242
    IBSS Nepal Pvt. Ltd. 16600181078
    World Fiber Net Pvt. Ltd. 16600107555
    Dolfin Net Communication Pvt. Ltd. 9801574100
    Pals Network Pvt. Ltd. 16607152002
    Fiber world communication Pvt. Ltd. 9801571720, 16607852003
    Mithila Digital Nepal Pvt. Ltd. 16600116999
    Clean Network Pvt. Ltd. 16603352002

     

  • Bitcoin Has Dropped 50% From Its All-Time High

    Bitcoin Has Dropped 50% From Its All-Time High


    Bitcoin prices have plummeted in recent months, losing more than half their value since mid-April and falling to just under $30,000 this morning.

    According to CoinDesk numbers, the world’s most common digital currency reached $30,201.96 today.

    According to additional CoinDesk data, it was down more than 55 percent from its all-time high of nearly $65,000 at this point.

    At the time of writing, the cryptocurrency was trading around $37,000, and many market analysts weighed in, shedding light on the digital asset’s recent price fluctuations and evaluating its short-term prospects.

    [Editor’s note: Investing in cryptocoins or tokens is extremely risky, and the market is largely unregulated.] Anyone thinking about it should be aware that they might lose their entire investment.]

    Selling Pressure That Is ‘Relentless’

    “Over the last 24 hours, the selling pressure in the BTC market has been relentless, perfectly aligning with elevated bitcoin inflows to exchanges seen on-chain,” said Sean Rooney, head of research at Valkyrie Investments.

    “Binance led the charge on Monday, with over 53,000 BTC dumped into the exchange to be sold,” he explained.

    Nick Mancini, a research analyst at Trade The Chain, a crypto sentiment data provider, discussed how events like these influenced prices.

    “Bitcoin is now down 45 percent from its April high of nearly $65,000,” he said.

    “Short-term sentiment seemed to be bottoming out with price, but it appears that they were only consolidating for a further decline,” Mancini said.

    “The good news is that Bitcoin’s primary liquidity levels in the $30,000 range remained stable throughout the decline, causing the price to recover from $30,000 to near $37,000 in less than an hour.”

    “Key support levels are $28,500, $24,000, and $20,000, which all correspond to order book liquidity levels,” Mancini said.

    StockCharts.com’s chief market strategist, David Keller, added:

    “Bitcoin’s drop to $30,000 made technical sense because it’s a 100 percent retracement back to the January lows. It’s all about seeking equilibrium after a serious selloff like this.”

    “Where do we see investors with enough clout to drive the price back up?”

    “Based on previous price support and the influx of buyers this morning, $30,000 is the new floor for Bitcoin,” Keller said.

    Market Is ‘Oversold’

    The market may have overreacted in light of recent events and bitcoin’s losses since roughly mid-April, according to analysts.

    According to Mancini, Bitcoin’s relative strength index (RSI), a technical measure used to gauge an asset’s momentum, recently dropped to “the lowest level since March 2020,” meaning the digital currency is “highly oversold.”

    He also stated that the Moving Average Convergence Divergence (MACD), a momentum indicator used by technical analysts, is “at its lowest level in Bitcoin’s history, further suggesting Bitcoin is oversold.”

    “The market is due for a bounce,” according to Rooney, but “a fast turnaround in the short term is unlikely.”

    “A correction of this magnitude in the middle of a bull market seems out of place, but the absence of mania topping trends indicates the bull run is not over,” he said.

    “With new users joining the network, long-term fundamentals on-chain remain strong.”