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"Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy" 3
Business | Market | Economy

“Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy”

In the last financial year 2079/80, there was a significant decrease in real estate transactions, according to data from the Department of Land Management and Archive. The purchase and sale of land dropped by approximately 38%, resulting in a decrease in the number of processed documents for real estate transactions. In the financial year 2078/79, […]

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Liberty Energy Company approves right shares and elects new board members during 13th AGM 5
Business | Market | Economy Dividend

Liberty Energy Company approves right shares and elects new board members during 13th AGM

Liberty Energy Company held its 13th Annual General Meeting on April 8th, 2023, with Mr. Kush Kumar Joshi as the chair. During the meeting, all financial reports from the previous fiscal year were approved. The meeting also endorsed a proposal to offer 50% of right shares, equivalent to Rs 75 crore, to existing shareholders. Additionally, […]

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Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba. 7
Business | Market | Economy

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 […]

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SEBON Approves Mahalaxmi Debenture 2089 at 11% 9
Business | Market | Economy

SEBON Approves Mahalaxmi Debenture 2089 at 11%

On Chaitra 05, 2079, the Securities Board of Nepal (SEBON) authorized the “11% Mahalaxmi Debenture 2089.” Mahalaxmi Bikas Bank Limited (MLBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. During a period of ten years, the bank will give an interest rate of 11% on the debenture. Out of the total […]

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The final merger agreement between IME General and Prudential Insurance is signed at a swap ratio of 1:1. 11
Business | Market | Economy

The final merger agreement between IME General and Prudential Insurance is signed at a swap ratio of 1:1.

  IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) sign a merger agreement, and the two companies will be combined using a 1: 1 swap ratio. IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) reached an agreement for the merger during a meeting of the Board of Directors on […]

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Chilime Hydropower Company's 7.5% bonus shares are now listed on the NEPSE. 13
NEPSE NEWS

Chilime Hydropower Company’s 7.5% bonus shares are now listed on the NEPSE.

Chilime Hydro Power Company Limited (CHCL) has launched 50,63,846.01 Units Bonus Shares on NEPSE. The board of directors suggested a 15% dividend for fiscal year 2078/79 during its 410th meeting on Mangsir 20. 7.5% bonus shares and 7.5% cash dividends of Rs. 50.63 crores each were proposed and delivered to shareholders. The current paid-up capital […]

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7-Month Macroeconomic Highlights: Inflation is 7.88%. 15
Business | Market | Economy

7-Month Macroeconomic Highlights: Inflation is 7.88%.

According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent. The outstanding concessional loan was Rs.210.96 […]

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Salt Trading Corporation's net profit increased by 47.39% in the second quarter, to Rs 14.86 per share. 17
Business | Market | Economy

Salt Trading Corporation’s net profit increased by 47.39% in the second quarter, to Rs 14.86 per share.

Salt Trading Corporation Limited (STC) has released its second-quarter report for fiscal year 2079/2080, which shows a 47.39% increase in net profit. The company’s net profit increased to Rs. 1.88 crores in Q2, 2079/2080 from Rs. 1.27 crores in the previous year’s corresponding quarter. The company’s sales revenue (revenue from operations) fell by 1.63% in […]

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"10.5% BOK Debenture 2086" is now available on the NEPSE. 19
NEPSE NEWS

“10.5% BOK Debenture 2086” is now available on the NEPSE.

In NEPSE, 11,00,000 units of “10.5% BOK Debenture 2086” have been listed. Bank of Kathmandu Limited issued 11,00,000 units of “10.5% BOK Debenture 2086” between the 2nd and 7th Bhadras of 2079. 6.60 lakh units were subscribed via private placement from the total issue of 11 lakh units, while the remaining 4.40 lakh units worth […]

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