Corporate
Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas
Kutheli Bukhari Small Hydropower Limited (KBSH) has called its 12th AGM on Poush 27, 2080. The meeting will be held in German Homes Hospitality Pvt. Ltd., Gatthaghar, Bhaktapur, starting at 11:30 am that day. These are the agendas of the AGM: 1) Endorsement of financial reports for the fiscal year 2079/80. 2) Endorse the auditor’s […]
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Nepal Rastra Bank is managing excess liquidity through ongoing withdrawals from the banking system
Amidst a surge in liquidity, the central bank is actively withdrawing deposits from banks and financial institutions, having withdrawn a substantial 105 arba rupees in the month of Poush alone. Despite these efforts, the average interest rate for deposits has moderately increased from 2.4784% to 2.8594% between Poush 1 and Poush 11. While managing liquidity, […]
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Rising global oil prices amid world turmoil spark diplomatic discussions among major powers
Thursday saw a surge in crude oil prices, driven by global economic uncertainties due to ongoing conflicts. Despite some easing of concerns about Red Sea shipping disruptions, tensions persist in the Middle East, supporting oil prices. In the Comex division of IC Exchange in London, Brent crude, the international benchmark, rose 0.1% to $79.75 per […]
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Nabil Bank introduces ‘Instant Gold Loan’ for swift financial solutions
Nabil Bank Limited (NABIL) has launched its new financial offering, the ‘Instant Gold Loan,’ designed to provide customers with quick access to funds. This scheme allows individuals to secure loans up to 10 lakh rupees at a competitive interest rate of 12.30%, ensuring loan disbursement within one hour. The emphasis is on the convenience of […]
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All five mutual fund schemes managed by NIC Asia Capital have reported Net Asset Values (NAV) above par for the month of Mangsir
NIC Asia Balanced Fund (NICBF): NIC Asia Balanced Fund (NICBF), a 10-year closed-end mutual fund scheme managed by NIC Asia Capital, has released its Net Asset Value (NAV) report for Mangsir. The NAV for the period is Rs. 10.31, reflecting an increase from Rs. 9.95 in the previous month. The scheme, starting with a fund […]
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NIC Asia Laghubitta disbursed cash dividends directly to the bank accounts of its shareholders
NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has directly credited a 15% cash dividend to the bank accounts of its shareholders and encouraged them to dematerialize their shares. During the 6th Annual General Meeting held on the 6th of Poush, 2080, NICLBSL approved a 15% cash dividend for the fiscal year 2079/80. The board of […]
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Red flag about Corporate Development Bank (CORBL)
As a concerned citizen of Nepal, I wish to bring attention to certain aspects of Corporate Development Bank (CORBL) that merit careful consideration. While I am not providing financial advice or acting as an investor, I believe these concerns deserve further scrutiny. 1) Allegations Against Board Members: Some members of CORBL’s board, notably the Ansari […]
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Shivam Cements Limited Announces 8th AGM with Proposal for 15% Dividend and Bonus Shares
Shivam Cements Limited (SHIVM) has announced its 8th Annual General Meeting (AGM) scheduled for the 27th of Poush, 2080. The meeting is set to take place at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 9:00 a.m. Among the various items on the agenda, the AGM will approve a 15% dividend for the fiscal year […]
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Book Closure Alert: Eight Companies Declare Dividends, Urging Shareholders to Act Before Poush 16, 2080
Eight companies that have declared dividends, either in cash or stock, are set to close their books from tomorrow until the 16th of Poush, 2080. Shareholders of these companies have until today to hold their shares if they wish to claim the proposed dividends. ICFC Finance Limited (ICFC) has set the book closure date for […]
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SEBON Approves Singati Hydro Energy’s Rs. 1.45 Arba Rights Offering for Expansion and Debt Clearance
The Securities Board of Nepal (SEBON) has granted approval to the rights offering proposal submitted by Singati Hydro Energy Limited (SHEL) on Poush 11, 2080. Under this approved plan, the company is set to issue 100% right shares valued at Rs. 1.45 Arba. This issuance will involve the distribution of 14,500,000 (1:1) units of right […]
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