Tag: able

  • Goodwill Finance’s net profit drops by 86.68%.

    Goodwill Finance’s net profit drops by 86.68%.


    In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year.

    The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges and staff expenditures in this quarter.

    In the third quarter, its net interest income (NII) increased by 57.73 percent to Rs 31.5 crore. Similarly, the Capital Adequacy Ratio (CAR) was 13.46 percent, with Earnings per Share (EPS) falling to 2.82 percent.

  • Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3

    Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3


     

    Nepal Investment Mega Bank Limited (NIMB) has released its third-quarter report for fiscal year 2079/80, which shows a 22.96% increase in net profit. In the third quarter of fiscal year 2079/80, the bank’s profit grew to Rs 3.046 arba. Following the merger, the bank has a total paid-up capital of Rs. 34.12 Arba, reserves of Rs. 23.89 Arba, retained earnings of Rs 1.27 Arba, and a share premium of Rs 20.78 Crore.

     

  • Everest Bank’s Q3 Highlights: Net Profit Increases by 62.63%, NII Stands at Rs 5.58 Arba &amp

    Everest Bank’s Q3 Highlights: Net Profit Increases by 62.63%, NII Stands at Rs 5.58 Arba &amp


     

    Everest Bank Limited (EBL) has released its third-quarter report for fiscal year 2079/2080, which shows a 62.63% increase in net profit. The net profit of the bank has improved from Rs. 1.51 Arba in the third quarter of fiscal year 2078/2079 to Rs. 2.46 Arba in the third quarter of fiscal year 2079/2080.

    After PL Appropriation and Regulatory Adjustments, the bank’s distributable profit in the same period is Rs 3.36 arba.

     

  • Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%

    Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%


    RSDC Laghubitta Bittiya Sanstha (RSDC) has released its third-quarter report for FY 2079/2080, which shows an 8.81% decrease in Net Profit. According to the company’s report, net profit fell to Rs. 8.69 crores from Rs. 9.43 crores in the previous year’s similar period.

    The company’s distributable profit after PL Appropriation and Regulatory Adjustments was Rs 5.63 crores in the third quarter.

    On the other hand, the company’s borrowings climbed by 32.42% to Rs. 5.93 Arba, up from Rs. 4.47 Arba in the same quarter last year. In this quarter, the company’s loans and advances to cooperatives climbed by 24.60% to Rs. 6.71 Arba.

  • On Baisakh 04, Ingwa Hydropower distributed IPO shares to project-affected locals and Nepalese working abroad.

    On Baisakh 04, Ingwa Hydropower distributed IPO shares to project-affected locals and Nepalese working abroad.


    Ingwa Hydropower Limited has distributed IPO shares to Taplejung District residents and Nepalese people working overseas. The allotment program ended on the 4th of Baisakh, and money will be refunded to non-allottee applicants beginning on the 6th of Baisakh, 2080.

    The company’s issued capital is Rs. 60 crores, of which 10%, or 6,00,000 unit shares worth Rs. 6 crores, were distributed to project-affected Taplejung District residents. Meanwhile, 20% of the company’s outstanding capital, or 12,00,000 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 120,000 units, were reserved for Nepalese people working overseas. The problem had begun on the 21st of Falgun, 2079.

     

  • Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.

    Gold has dropped by Rs 800 per tola and is now trading at Rs 110,000.


    In the domestic market today, fine gold is down Rs. 800 per tola, while tejabi gold is down Rs. 750 from yesterday’s pricing.

    Fine gold is now trading at Rs. 110,000 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association’s official website. Yesterday, the price per tola remained constant at Rs. 110,800. Meanwhile, the price of Tejabi gold is at Rs. 109,500. In contrast, yesterday’s price remained unchanged at Rs. 110,250 per tola.

    Silver, on the other hand, has remained stable at Rs. 1,4

  • Bhugol Energy Development IPO Allotment Completes; 1,34,699 Applicants Receive 10 Units Each, Lucky 3 Applicants Receive 1 Unit Extra

    Bhugol Energy Development IPO Allotment Completes; 1,34,699 Applicants Receive 10 Units Each, Lucky 3 Applicants Receive 1 Unit Extra


    Bhugol Energy Development Company’s initial public offering (IPO) was completed today at the offices of NIC Asia Capital Limited in Kathmandu.

    Bhugol Energy Development Company released 13,46,993 units worth Rs 13.46 crores to the general public as an Initial Public Offering (IPO) (Chaitra 23-27, 2079).
    108,811 units have already been released and assigned to Nepalese individuals working abroad, 5% of the total offered shares, or 71,916 units, have been set aside for mutual funds, and 19,420 units have been put up for firm personnel. The remaining 13,46,993 units will be available to the general public.

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.

    From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.


    From the 8th of Baisakh, 2080, the business would issue 12,69,411 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be prolonged until 24th Baisakh, 2080.

    Out of the total 15,29,411 units, 10%, or 152,941 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 30,588 units, have been set aside for company employees, and 5%, or 76,471 units, have been set aside for mutual funds. The remaining 12,69,411 units will be available to the general public. The company’s paid-up capital

  • Development banks have decided to lower the interest rate on fixed deposits 

    Development banks have decided to lower the interest rate on fixed deposits 


    During its conference, the Development Bankers Association, an association of Development Bank CEOs, also resolved to drop the interest rate. The committee members have agreed to reduce the deposit interest rate by 1%.

    According to development banks, the interest rate on personal term deposits will now be 10.6 percent rather than 11.6 percent. Similarly, the interest rate on institutional term deposits has been reduced to 8.60 percent. It was also decided to reduce the savings interest rate by 0.60 percentage points. The lower interest rate will take effect on the first

     

  • 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.

  • “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