Banking
The Finance Ministry is developing an action plan for policy priorities and minimum programs.
The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs. The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on. The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining […]
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Last Day to Apply for Locals IPO of Molung Hydropower Company; Issue Closing Today
Molung Hydropower Company Limited is completing the distribution of 8,02,500 IPO shares to project-affected locals today, on Magh 15, 2079. The issue had begun on the 19th of Poush, 2079. The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit shares worth Rs. 8.02 crores, have been allocated to project-affected Okhaldhunga […]
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Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.
The Electricity Regulatory Commission has given preliminary approval to Api Power Company Limited (API) to issue 16,533,137 units of right shares. On February 2, the board of directors proposed issuing 40% of the paid-up capital in right shares. After adjusting for 7.5% bonus shares, the company’s paid-up capital will be Rs. 4.13 Arba. As a result of the 1:0.40 (40% rights issue), the company’s paid-up capital will be increased to Rs. 5.78 Arba. The company proposed issuing the right shares to pay off the debt of the projects that it is producing.
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Forward Microfinance Laghubitta Pays 5% Cash Dividend to Shareholders’ Bank Accounts
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has begun distributing 5% cash dividends to its shareholders’ bank accounts as of today (15th Magh) and has urged them to dematerialize their shares. On Poush 30, 2079, the company held its 10th AGM for the fiscal year 2078/79. The board of directors approved a 30% dividend for […]
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NIBL Ace Capital Asset Under Management Reaches Rs 4 Billion
NIBL Ace Capital Limited, a leading merchant banking and Inveent banking company, has provided its clients with a variety of financial services over the years. Portfolio Management Service (PMS) is one of these profitable services that has assisted many people in achieving their goals with a well-balanced risk and return. In addition to investment banking, […]
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NEPSE Ends the Week Up 0.20% with a Turnover of Rs 13.19 Arba
NEPSE traded only four days this week because to the national holiday on Sunday. This week, the index finished at 2,183.21, up 4.40 points (0.20%). Last week, the index finished at 2,178.81, up 1.37% from the previous week. This week, the index reached a high of 2,202.26 and a low of 2,140.18, resulting in 62.08 […]
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Mahalaxmi Bikas Bank paid a cash dividend of 6.47% to shareholders.
Mahalaxmi Bikas Bank Limited (MLBL) has delivered 6.47% cash dividends straight to its shareholders’ bank accounts and asked them to dematerialize their shares. On Poush 29, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 10.47% dividend for fiscal year 2078/79. The 548th board of directors meeting, held on Poush 01, resolved to issue a dividend of 10.47% of the Fiscal Year 2078/79. Similarly, a cash dividend of 6.47% and bonus shares of 4% were proposed from the Rs. 4.01 Arba paid-up capital. The same cash dividend is now being paid out.
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Gold has dropped Rs. 1,100 from its all-time high, and is currently trading at Rs. 105,800 per tola.
Today’s gold price has dropped by Rs. 1,100 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 105,800 per tola. Yesterday, the rate remained unchanged at Rs. 1,06,900 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,300. In contrast, the […]
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Is bitcoin banned in Nepal?
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal. A few highlights on the ban: Laws of Nepal: The […]
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Ex-pat Nepalese get Rs 400 incentive while sending money to NICA accounts via World Remit
Ex-pat Nepalese who send money to NIC ASIA Bank accounts in Nepal using World Remit would receive a bonus of Rs 400. The scheme will run from Aswin 11 to Kartik 10, 2078, with just the first transaction eligible for the bonus. The bank now has 356 branches, 472 ATMs, 70 extension counters, and 81 […]
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