Tag: Authority

  • NEPSE Index Soars by 1.80% in Today’s Trading Session: Highlights of Positive Market Momentum

    NEPSE Index Soars by 1.80% in Today’s Trading Session: Highlights of Positive Market Momentum


    The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial increase of 36.57 points, equivalent to 1.80%, compared to the previous day’s closing, settling at 2,059.49 points. This positive shift follows a downturn of 26.36 points in the preceding trading session. The day commenced with the index opening at 2025.89, registering an intraday low of 2,025.62, and reaching a peak at 2,059.66.

    Throughout today’s trading activities, a total of 309 distinct stocks were traded in 99,524 transactions, yielding a trading volume of 13,709,276 shares and an overall turnover of Rs. 4.67 Arba. The market capitalization stood at Rs. 32.00 Kharba, accompanied by a float market capitalization of Rs. 11.06 Kharba.

    Sonapur Minerals And Oil Limited (SONA) took the lead in terms of turnover, amounting to Rs. 21.84 crores, and concluded with a market price of Rs. 506.

    Six companies experienced a positive circuit during the day, contributing to the overall upward trend in the market. Conversely, Narayani Development Bank Limited (NABBC) incurred the most significant loss, totaling 5.46%.

    In the sector indices, with the exception of the “Mutual Fund Index,” all other sectors concluded on a positive note. The “Life Insurance Index” observed the most substantial gain, surging by 3.72%, while the “Mutual Fund Index” recorded a marginal loss of 0.01%.

  • Ncell submits unsigned share purchase documents to Telecom Authority.

    Ncell submits unsigned share purchase documents to Telecom Authority.


    Ncell has submitted a share purchase document to the Nepal Telecommunication Authority without the required signature, according to Purushottam Khanal, Chairman of the Telecommunications Authority.

    During a session with the Parliament’s Technology Committee, Khanal revealed that the document lacked essential elements like a signature, seal, and stamp. The incident, occurring on the 13th of Last Mangsir when 80% of Ncell’s shares were bought and sold without prior approval, raises concerns about the transaction’s completeness and validity.

    The Telecommunications Authority is actively working with Ncell to ensure accurate and compliant submission of necessary details. The Parliament’s Technology Committee closely monitors the situation, emphasizing the importance of following proper procedures in telecommunications sector share transactions.

  • NLG Insurance Company Granted 66% Right Shares Permission by Nepal Insurance Authority

    NLG Insurance Company Granted 66% Right Shares Permission by Nepal Insurance Authority


     

    NLG Insurance Company has received permission from the Nepal Insurance Authority (NIA) to issue 66% right shares. The company’s board meeting, held last Friday, approved the decision for capitalization. NLG Insurance will now seek approval from the Securities Board of Nepal (SEBON) for the rights issuance. Once SEBON grants permission, the company will distribute the rightful shares to its shareholders.

     

  • The Insurance Authority Issues Licenses to Two More Micro-Insurance Companies

    The Insurance Authority Issues Licenses to Two More Micro-Insurance Companies


     

    The Nepal Insurance Authority has licensed two more microinsurance businesses.

    At its meeting on Tuesday, the authority’s board of directors voted to provide licenses to two more micro insurance companies. The authorities have given licenses to Protective Micro Insurance Ltd Nepal and Crest Micro Life Insurance Ltd.

  • 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.

  • Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.

    Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.


    Insurance companies are competing with one another to collect more premiums. Out of its 1.4 crore total active insurance policies, life insurance companies collected a total premium of Rs. 93.75 Arba during the fiscal year 2079/80.

    According to a report published by the Nepal Insurance Authority, Nepal Life Insurance Company Limited collected Rs. 24.37 Arba on its own, with 978,626 active insurance policies as of Falgun, 2079.

     

  • Sabaiko Laghubitta Approves 18.95% Dividend for Fiscal Year 2078/79

    Sabaiko Laghubitta Approves 18.95% Dividend for Fiscal Year 2078/79


    Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) has scheduled its 6th Annual General Meeting on the 26th of Falgun, 2079. The conference would begin at 10 a.m. that day at the Marsyangdi River View Resort in Bandipur.

    Among the other items on the agenda, the AGM will approve an 18.95% dividend of Rs. 5.11 crores for fiscal year 2078/79. On March 11, the board of directors resolved to disburse the dividend on the paid-up capital of Rs. 27 crores. Tax-free bonus shares of 18% and a cash dividend of 0.95% have been suggested. Thus, the bonus shares are worth little more than Rs. 4.86 crores, and the cash dividend is worth slightly more than Rs. 25.57 lakhs.

    There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted.

    The book will be closed on February 14th. As a result, shareholders who held shares prior to that date are entitled to dividends and are welcome to attend this AGM.

  • Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2

    Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2


    Mountain Energy Nepal Ltd reported a profit (after tax) of Rs. 35.55 crores in the second quarter. Profit decreased by 16.52% in this quarter. The profit in the previous corresponding quarter was Rs. 42.63 crores. Tadi Khola (5 MW) and Mistri Khola (42 MW) generate revenue from electricity sales, which are invoiced to Nepal Electricity Authority under the terms of the PPA until Poush end 2079.

     

  • Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend

    Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend


    Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has scheduled its 5th Annual General Meeting on 21st Falgun, 2079. The conference will begin at 11 a.m. that day at the Agantuk Resort in Dhulikhel.

    Among the other items on the agenda, the AGM will approve a 50% dividend of Rs. 7.37 crores for fiscal year 2078/79. On Poush 26, the 51st board of directors resolved to issue the dividend on the paid-up capital of Rs. 14.75 crores. There is a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) of Rs 36.87 lakhs.

    There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted. The meeting will also examine expanding the authorized, issued, and paid-up capital of the corporation.

    The book will be closed on February 5th. As a result, shareholders who held shares prior to that date are entitled to the dividend distribution and are welcome to attend this AGM.

  • Is cryptocurrency legal in Nepal?

    Is cryptocurrency legal in Nepal?


    So far, cryptocurrencies are illegal in a few countries, whereas the rest of the world either sees it as fitting to utilise these ‘monies’, or keeps them in a grey area of financial law. Similarly, though most countries in the world do not criminalise cryptocurrencies, they have yet to define their usage as monies or commodities, thus making varied classifications all over the world.

    Is cryptocurrency legal in Nepal? 11

    Nepal Rastra Bank has already made it clear in its notice dated August 13, 2017, that all transactions related to or regarding Bitcoins are illegal. But it allied Bitcoins to “Foreign Exchanges”, though cryptocurrencies have no foreign central authority to regulate them. This is where the confusion is. Bitcoin is a decentralised digital currency that is traded from one individual to the other, not through banks. It has no issuing or regulating country, and these bitcoins are converted into US dollars simply because dollars are used as an international exchange rate.

  • 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