Bank

End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares 1
Business | Market | Economy

End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares

Vision Lumbini Urja Company Limited (VLUCL) has informed its investors and stakeholders about the impending end of the lock-in period for 95,625 unit shares held by Mutual Funds. This lock-in period, in accordance with the latest directives from the Securities Board of Nepal (SEBON), is scheduled to expire on the 4th Jestha, 2081. VLUCL, with […]

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Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness 3
General News

Electricity Disruption Crisis: Dillichaur Hydropower Project Failure Leaves Hundreds in Darkness

Nearly 800 households in the district have faced a harrowing experience of being plunged into darkness for two consecutive days due to an electricity disruption. This disruption stemmed from the failure of the Dillichaur hydropower project to generate power, caused by a significant setback in its water supply system. The halt in power generation was […]

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GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors
Dividend

GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors

Garima Bikas Bank Limited (GBBL), formerly known as Subhechha Bikas Bank Limited, Nilgiri Bikas Bank Limited, and Sahara Bikas Bank Limited, has issued a notice urging its shareholders to collect unclaimed dividends. According to the notice, some investors have yet to collect dividends for the fiscal year 2074/75. These dividends were due in the fiscal […]

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Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors 6
Business | Market | Economy

Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors

Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st Jestha, 2080. This auction presents an opportunity for investors to acquire shares in SALICO, a prominent insurance company in Nepal. A total of 1,14,612 unit promoter shares of SALICO are […]

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Surge in Nepal's Gold Market: New All-Time High Reached on April 10, 2024 8
Gold | Silver | Forex

Surge in Nepal’s Gold Market: New All-Time High Reached on April 10, 2024

Nepal’s gold market has witnessed an unprecedented surge, reaching a new all-time high on April 10, 2024. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold has experienced a significant increase of Rs. 500, pushing its price to an exceptional rate of Rs. 1,36,800 per tola, up from its previous rate […]

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Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy 10
Business | Market | Economy

Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy

The Government of Nepal is gearing up for the highly anticipated Nepal Investment Summit 2024, set to kick off on April 28 in Kathmandu. This two-day event, themed ‘Emerging Nepal,’ aims to showcase 125 national-level projects across various sectors to attract investment and foster economic development in the country. Prime Minister Pushpa Kamal Dahal, in […]

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Devastating Fire at Bharat Furniture: A Costly Setback for the Industry 15
Business | Market | Economy

Devastating Fire at Bharat Furniture: A Costly Setback for the Industry

A devastating fire broke out at Bharat Furniture, located in Matihani-8 of the district, causing extensive damage estimated at over Rs 3.5 million. Owned by Dukhmochan Thakur, the furniture industry fell victim to the blaze, which ignited around 10:00 pm on Monday, as reported by the District Police Office, Mahottari. The inferno swiftly engulfed the […]

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Extraordinary Surge: Gold Prices Reach All-Time Highs in Nepal 17
Gold | Silver | Forex

Extraordinary Surge: Gold Prices Reach All-Time Highs in Nepal

Recently, the gold market in Nepal has experienced an unprecedented surge, reaching a new all-time high on April 9, 2024. The Federation of Nepal Gold and Silver Traders’ Association reported a notable increase of Rs. 100, pushing the price of fine gold to an exceptional rate of Rs. 1,36,300 per tola, up from its previous […]

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Global IME Ltd. Debenture Delisting: Implications and Refund Process 19
Business | Market | Economy

Global IME Ltd. Debenture Delisting: Implications and Refund Process

In a significant development, 1,500,000 units of the “10.25% Global IME Ltd. Debenture 2080/81” have been removed from trading on the Nepal Stock Exchange (NEPSE). This move holds implications for investors and marks the culmination of the debenture’s tenure. The “10.25% Global IME Ltd. Debenture 2080/81” reached its maturity date in Chaitra, 2080, offering a […]

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